5707 Merrimac DRIVE, Sarasota, FL, 34231 | $508,000

Under contract-accepting backup offers. Location, location, location! Offering a delightful blend of comfort and convenience, this spacious 3-bedroom, 2-bathroom pool home sits on a large corner lot nestled in the highly sought-after Phillippi Gardens Neighborhood. Step inside to discover a thoughtfully designed interior featuring terrazzo floors, an open kitchen, and French doors leading to a large, enclosed Florida room, creating a seamless indoor-outdoor living experience. The private fenced yard (installed 2017 and cemented 2022) and expansive deck area around the pool provide the perfect setting for outdoor gatherings and relaxation. The property also includes a double carport and extra outside storage and laundry rooms. Also, all new gutters and fascias installed in 2019. Located in a no-flood zone and free from HOA, deed restrictions, and CDDs, this home offers flexibility and freedom. The Phillippi State Park and the seasonal Farmer's Market are less than a mile away. Additionally, the famous Siesta Beach is just a few miles away ensuring endless opportunities for leisure and recreation. With a prime location near shopping, restaurants, and a host of amenities, this home presents an exceptional opportunity to embrace the coveted Sarasota lifestyle. Don't miss the chance to make this delightful Sarasota residence your own!

Features

  • Rooms: 9
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Laundry Closet, Outside
  • Style: Florida
  • Year Built: 1957
  • Garage: Driveway
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,875
  • Acreage: 0.27
  • Est. Taxes: $4,557
  • Lot Desc: Corner Lot, In County, Landscaped, Near Public Transit
  • View: Pool
  • Elem. School: Phillippi Shores Elementary
  • Middle School: Brookside Middle
  • High School: Riverview High
  • Pool: Gunite, In Ground
  • Pet Policy: Yes
  • Appliances: Built-In Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • MLS#: A4613489
  • Days on Market: 82 days
  • Website: https://www.raveis.com
    /prop/A4613489/5707merrimacdrive_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 11/23/2024 8:17:08 AM)
Listing courtesy of Compass Florida LLC   Phone: 305-851-2820

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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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5707 Merrimac DRIVE, Sarasota, FL, 34231

$508,000

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 $406,400 $406,400 $406,400
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 6.250%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.498%
Monthly Tax Payment $380 $380 $380
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,704 $2,701 $3,485
Total Monthly Payment $3,176 $3,173 $3,957

* 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.