Welcome to 301 S Palmetto Avenue - historic charm meets modern living in this beautifully renovated 4-bedroom, 2. 5-bathroom, 2-story home, ideally located at the place where two historic districts meet: the Sanford Residential Historic District and the Sanford Commercial Historic District - and this property truly represents the best of both worlds. Multiple zoning uses offer endless possibilities for your lifestyle or business dreams. Whether you envision it as your dream home or a thriving business, this property fits the bill. Consider transforming it into a charming bed and breakfast, a trendy restaurant, a boutique, professional office. This home is currently operating as a turn-key short term rental and is being sold fully furnished. Nestled right in the middle of Historic Downtown Sanford and literally steps away from all the shops, dining, and nightlife that make this location so desirable. This home recently received a complete renovation, preserving its historic character while updating to today’s standard of living. Enjoy peace of mind with a brand new roof and other updated mechanicals. A spacious DOWNSTAIRS PRIMARY SUITE provides convenience and privacy, perfect for accommodating guests or offering a retreat-like experience. The downstairs living spaces flow seamlessly, ideal for entertaining. A modern, fully equipped kitchen with stainless steel appliances , resilient LVP flooring throughout and upstairs, spacious bedrooms with ample closet space and an additional full bathroom (all bathrooms have been updated with stylish fixtures and finishes!) The beautiful original windows adding warmth, light and elegance to every room. A charming front porch perfect for relaxing and enjoying the vibrant downtown atmosphere and a private backyard offering a peaceful oasis amidst the bustling city. Whether you’re looking for a unique residential home with historic flair or an exceptional commercial property in a prime location, this downtown gem offers the best of both worlds. Don’t miss this rare opportunity to own a piece of history with unlimited potential!
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Our Executive Mortgage Banker:
Our Insurance Division:
$599,000
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 | $479,200 | $479,200 | $479,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.456% | 7.171% | 6.276% |
Monthly Tax Payment | $327 | $327 | $327 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,228 | $3,185 | $4,041 |
Total Monthly Payment | $3,647 | $3,604 | $4,460 |
* 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.