1484 Cottonwood TRAIL, Sarasota, FL, 34232 | $524,900

Under contract-accepting backup offers. Lowest price in the Lakes Estate! Picturesque tree-lined canopy streets welcome you into the beautiful and desirable Lakes Estates Community. Welcome to your new home! This warm and inviting home has been lovingly maintained and features a spacious floor plan with an abundance of light. The impressive foyer entry welcomes you with lots of natural light from the arched clerestory window and vaulted ceilings. Arched doorways repeat throughout the home, adding architectural interest. The family room is centrally located in the home and features vaulted ceilings, custom built-in shelves and a wall of French doors lead out to the private screened porch and paver patio with a tranquil water feature.
The spacious and bright kitchen offers a generous amount of counter space for all your cooking and entertaining needs with ample storage; pull-out drawers, large pantry closet, glass front cabinets, trey ceiling, crown molding and an inviting eat-in space with views of your garden. The “formal” dining room, with plantation shutters, has a lovely custom glass built-in corner cabinet. The split floor provides privacy and flexibility for your family and guest needs. The spacious primary suite has a walk-in closet and a large ensuite bathroom with dual sinks. The third bedroom/den closet currently has a built-in desk but can easily be converted back to a traditional closet…. . so many wonderful details in this home and it is waiting for you. The Lakes community offers low HOA fees and no CCD fee with fabulous amenities; two pools (one is heated), two spas, lighted tennis courts, basketball court, playground, walking trail around the lake, fitness room, and a newly remodeled club house with full kitchen and an active social committee for residents’ enjoyment. Located close to Downtown Sarasota, museums, dining, shopping, theaters, the Legacy Trail and the beautiful beaches of Siesta Key, Lido Key and Longboat Key. This lovely home, in this beautiful community, is ready for you to call it your home!

Features

  • Amenities: Clubhouse, Fence Restrictions, Fitness Center, Pool, Recreation Facilities, Tennis Court(s), Trail(s), Vehicle Restrictions
  • Rooms: 8
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Traditional
  • Year Built: 1987
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 2,075
  • Acreage: 0.36
  • Est. Taxes: $2,543
  • HOA Fee: $450 Quarterly
  • Lot Desc: In County, Near Public Transit, Private, Sidewalk
  • Elem. School: Brentwood Elementary
  • Middle School: McIntosh Middle
  • High School: Sarasota High
  • Pet Policy: Cats OK, Dogs OK, Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4600631
  • Days on Market: 268 days
  • Website: https://www.raveis.com
    /prop/A4600631/1484cottonwoodtrail_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 7:47:43 PM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-349-4411

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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

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
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Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
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1484 Cottonwood TRAIL, Sarasota, FL, 34232

$524,900

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 $419,920 $419,920 $419,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 6.125%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.508% 7.171% 6.392%
Monthly Tax Payment $212 $212 $212
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $2,865 $2,791 $3,572
Total Monthly Payment $3,169 $3,095 $3,876

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.