415 Yale STREET, Englewood, FL, 34223 | $495,000

FAMILY COMPOUND - TWO CHARMING FLORIDA COTTAGES ADJACENT TO EACH OTHER - LISTED AT $495, 000 EACH. SELLERS PREFER TO SELL AS A PACKAGE DEAL, AS THIS WOULD BE THE HIGHEST AND BEST USE FOR YOUR INVESTMENT AND ALLOW THESE PROPERTIES TO CONTINUE TO COMPLIMENT EACH OTHER. (D6132845 & D6132844) Lovingly updated with major improvements. These sellers want to offer a savvy buyer the same unique opportunity to purchase, as they did to take advantage of this unique location and zoning use. Both houses have had substantial updating. These properties are in the RCTOD - RESIDENTIONAL COMMERCIAL TRANSITION OVERLAY DISTRIC. This specialized zoning creates unique mixed-use opportunities for this location! *RCTOD provisions govern over the Unified Development Code. Galleries, Bed & Breakfast, Working Studios, and Offices are some of the many utilizations allowed here. Each home offers something a little different, hence the combination of the two properties secures the utmost creative usage. These properties are located in the Old Englewood Village neighborhood, just blocks from the Dearborn Street Downtown Business District with a wonderful selection of Specialty Stores, Inside and Outside Dining, Live Music Venues, Monthly Car Shows, Seasonal Weekly Farmers Market, Elsie Quirk Library, and Lemon Bay Playhouse are some of the anchors for this lively and quaint downtown area. There are three Sarasota County Parks within a mile. LEMON BAY PARK & ENVIRONMENTAL CENTER offering hiking trails, butterfly gardens, birdwatching, fishing and a kayak & Canoe launch. CHEROKEE STREET PARK offering transient docking, fishing pier, grills and shelter. INDIAN MOUND PARK offers picnic sites, grills, shelter, fishing, and a PUBLIC BOAT RAMP giving direct access to LEMON BAY and out to the GULF OF MEXICO. Revisualization and creating a "sense of place" in the downtown area of Old Englewood is offered here! New projects in the area are sure to transform and enhance the bright future of this neighborhood. Be part of the upward trend and budding possibilities. These properties can bring you INSTANT INCOME - FULLY FURNISHED AND READY TO GO! No current leases hindering rental rates or a quick closing! NOT IN A FLOOD ZONE. CALL FOR FURTHER DETAILS AND TO SCHEDULE A TOUR OF THESE DELIGHTFUL PROPERTIES.

Features

  • Rooms: 6
  • Bedrooms: 2
  • Baths: 1 full
  • Lot Size: 55 x 140
  • Year Built: 1953
  • Garage: 2-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 900
  • Acreage: 0.18
  • Lot Size: 55 x 140
  • Est. Taxes: $2,289
  • Elem. School: Englewood Elementary
  • Middle School: L.A. Ainger Middle
  • High School: Lemon Bay High
  • Appliances: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: D6132844
  • Days on Market: 391 days
  • Website: https://www.raveis.com
    /prop/D6132844/415yalestreet_englewood_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 12/22/2024 7:32:08 PM)
Listing courtesy of LASBURY-TRACY REALTY INC.   Phone: 941-474-5585

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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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415 Yale STREET, Englewood, FL, 34223

$495,000

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 $396,000 $396,000 $396,000
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 $191 $191 $191
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,668 $2,632 $3,340
Total Monthly Payment $2,934 $2,898 $3,606

* 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.