1740 Wisconsin LANE, Sarasota, FL, 34239 | $545,000

It is all about location. This is a rarely available property and is situated in the highly desirable West of Osprey Ave. and just south of the Cherokee Park area. The home is a 75 year old Cracker style, one bedroom cottage built in 1949 on 50x104 lot. No question here, this property is being offered for it's tremendous location and potential to build new on this quaint treelined canopy street and in this historic neighborhood. This exceptional location is only 1/2 mile to the north bridge to Siesta Key, 4 minutes to Southside village shops and restaurants, 3 minutes to the "A" rated Southside Elementary School and only 5 minutes to Sarasota Memorial Hospital.
Currently the home is being used as a daytime home/office and storage area. Twelve adjoining lots feature some new multimillion dollar homes and/or are in the development process. Due to it's age and condition, the property is being sold AS-IS without any seller warranties. So take a drive by. Bring your ideas and your architect and contractor and imagine the possibilities.

Features

  • Rooms: 6
  • Bedrooms: 1
  • Baths: 1 full
  • Lot Size: 50 x 104
  • Laundry: None
  • Style: Cottage
  • Year Built: 1949
  • Garage: 1-car Boat, Driveway
  • Heating: Other
  • Cooling: Wall/Window Unit(s)
  • Approx Sq. Feet: 576
  • Acreage: 0.12
  • Lot Size: 50 x 104
  • Est. Taxes: $4,914
  • Lot Desc: City Lot, Level, Sidewalk
  • Elem. School: Southside Elementary
  • Middle School: Brookside Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: None
  • MLS#: N6133623
  • Days on Market: 166 days
  • Website: https://www.raveis.com
    /prop/N6133623/1740wisconsinlane_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 12/23/2024 5:10:17 AM)
Listing courtesy of GULF SHORES REALTY   Phone: 941-488-6644

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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 16953

917.838.7300

Melissa.Cohn@raveis.com

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1740 Wisconsin LANE, Sarasota, FL, 34239

$545,000

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Melissa Cohn

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 $436,000 $436,000 $436,000
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 $410 $410 $410
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,937 $2,898 $3,677
Total Monthly Payment $3,439 $3,400 $4,179

* 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.