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This 3-bed, 2 ½ bath, pool home might have everything you’re looking for in Indian Beach. There just isn’t anything missing! We begin with a large corner lot well elevated above the street helping keep things “high and dry” and providing wonderful views down toward Sarasota Bay. Next, add a sturdy block ranch home with a hip roof and impact resistant, hurricane windows. The insurance companies will like those features. Two bedrooms share a Jack and Jill bath, and the large utility room could easily be converted to a 4th bedroom (it was a bedroom once before). The nice surprise and some of the most recent updates include the creation of an owner’s suite which almost functions like an “in law” apartment. That’s what it was originally designed for. It has a small reading nook, two walk in closets, dual vanities and a spacious 20-foot by 20-foot floor plan. Rounding out the “bedroom wing” is a half bath which also has access to the pool and outdoor entertaining area. The “public area” of the home is an open floor plan including a large kitchen overlooking the combined Living/Dining room. This spacious arena is a comfortable place for family but also a very cool entertaining space. A granite topped, full length breakfast bar smartly adds a casual dining option, in addition to a more formal dining room set. The kitchen, with a 4-burner gas range, also looks out over the back porch, pool and lanai which is accessed by twin French doors on each end of the galley. A walk-in pantry will have you staying well stock up on provisions. There are beautiful, engineered hardwood floors throughout, many newer fixtures and updated systems. There is an oversized 2 car garage on Virginia Drive and a tall carport on Bon Air Ave suitable for a boat or recreational vehicle. A well provides water for the irrigation system and creates a gardener’s dream opportunity. This property is one block from Indian Beach Park which is a wonderful place to watch sunsets, toss a ball for a dog and launch kayaks and paddle boards. Live here and you are also just one block from the Ringling College of Art & Design, 2 miles north of downtown Sarasota and just a short drive up and over the John Ringling Bridge to St. Armands Circle and the beaches of Lido and Longboat Key.
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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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $780,000 | $780,000 | $780,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.125% | 7.000% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.838% | 7.141% | 6.997% |
Monthly Tax Payment | $323 | $323 | $323 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $5,255 | $5,189 | $6,902 |
Total Monthly Payment | $5,670 | $5,604 | $7,317 |
* 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.