Under contract-accepting backup offers. Nestled in the heart of downtown Sarasota, this charming two bedroom, one bathroom cottage is a rare gem that sits on a beautiful corner lot and offers the perfect blend of urban living and coastal charm. Situated just steps away from the lush greens of Gillespie Park and the sparkling waters of the bay, this property is an oasis of tranquility that lets you escape the hustle and bustle of the city without sacrificing convenience. Built with classic old Florida style and attention to detail, this cottage boasts a warm and inviting atmosphere that welcomes you home from the moment you step inside. The home features hardwood floors throughout and a sleek Euro kitchen consisting of frameless espresso cabinets, top of the line stainless steel appliances and granite countertops. Outside, the cottage is surrounded by a lush and beautifully landscaped yard that provides a serene retreat for outdoor relaxation and entertainment. The large outdoor deck is perfect for enjoying a cup of coffee in the morning or a glass of wine in the evening and hosting outdoor dinner parties. With its prime location in the heart of downtown Sarasota, this cottage is just minutes away from some of the best restaurants, shopping, and entertainment in the area. Whether you're looking to catch a show at the Sarasota Opera House, walk or bike to the Sarasota Bayfront Park, browse the boutiques on Main Street, or enjoy a night out at one of the city's many restaurants, you'll be just minutes from it all. Whether you are looking to purchase your own piece of paradise, a steady income stream (estimates of $45k-$55k annually as an operating vacation rental) or a combination of the two, this property checks all the boxes!
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$569,000
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 | $455,200 | $455,200 | $455,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.000% | 5.990% | 4.875% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.429% | 6.149% | 5.152% |
Monthly Tax Payment | $420 | $420 | $420 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $2,729 | $2,726 | $3,570 |
Total Monthly Payment | $3,241 | $3,238 | $4,082 |
* 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.