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Under contract-accepting backup offers. Welcome to this charming Old Florida Bungalow, a true gem nestled in a tranquil neighborhood. This beautifully maintained single-family home boasts 3 cozy bedrooms and 2 modern bathrooms. You'll immediately fall in love with the original wood floors that add character and timeless appeal to the living spaces. Step outside to discover your private oasis featuring a newer heated pool, perfect for year-round enjoyment. The outdoor space is thoughtfully designed for lounging or entertaining, making it an idyllic retreat for hosting family gatherings or unwinding on a sunny afternoon. Situated less than 4 1/2 miles from Lido Beach and the famous St. Armands Circle, this home offers convenient access to sun, sand, and seaside dining and shopping. Plus, being close to Citrus Square and Downtown Sarasota, you'll enjoy world-class restaurants and shopping just minutes away. Recent upgrades include a brand-new roof installed in 2023, ensuring peace of mind and longevity. With the flexibility of 1-week rentals allowed, this property is perfect for investors and those seeking a cozy home alike. Whether you're a family seeking comfort and style or looking for a lucrative investment, this property offers the perfect blend of classic charm and modern convenience. Don't miss this opportunity to own a piece of Old Florida charm with all the updates you desire. Schedule your private tour today and experience the allure of this unique home firsthand.
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Our Executive Mortgage Banker:
Our Insurance Division:
$700,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
RVP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 917.838.7300
Melissa.Cohn@raveis.com
NMLS Mortgage Loan Originator ID 16953
5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $560,000 | $560,000 | $560,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.500% | 6.990% | 5.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.095% | 7.141% | 6.152% |
Monthly Tax Payment | $554 | $554 | $554 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,540 | $3,722 | $4,688 |
Total Monthly Payment | $4,186 | $4,368 | $5,334 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.