3974 Lancaster DRIVE, Sarasota, FL, 34241 | $425,000

Welcome to this inviting 4-bedroom, 2-bathroom home in the heart of the vibrant Lake Sarasota community. Situated on a desirable larger corner lot with no deed restrictions or CDD fees, this residence offers a hassle-free lifestyle and exceptional value.
Spanning just over 1, 600 sq ft, this charming home effortlessly combines comfort and functionality. A warm, welcoming foyer leads you into a fully equipped kitchen with ample storage. The kitchen connects seamlessly to a spacious dining room and a cozy living area, where natural light streams through large windows, highlighting the open and airy feel of the space. The living room features a captivating wood-burning fireplace, creating a perfect setting for relaxation or enjoying your morning coffee.

The primary suite provides a private retreat with its own ensuite bathroom. Step outside to the expansive backyard, fully enclosed by a privacy fence, which offers a great space for pets, gardening, or unwinding in your own outdoor oasis. A shed in the backyard adds convenient storage for lawn equipment and bikes.
Enjoy the added benefit of solar panels, which significantly reduce your electric bill, making this home not only environmentally friendly but also cost-effective. Additionally, the home has been fully repiped as of October 2019, ensuring modern convenience and peace of mind. Newer windows.

The home’s location offers unparalleled convenience. Positioned just east of I-75, you'll have easy access to a variety of amenities, including grocery stores, dining options, entertainment venues, and parks. Lake Sarasota is renowned for its top-rated schools, including Lakeview Elementary, and is just a short drive from the bustling UTC mall. For beach lovers, the world-class Siesta Key Beach, known for its powdery world renowned sand, is only a few miles down Bee Ridge Road.

Whether you're looking for a great family home or a promising investment opportunity, this property offers the best of Florida living in a vibrant community. Come see your new home today!

Features

  • Rooms: 7
  • Bedrooms: 4
  • Baths: 2 full
  • Laundry: In Garage
  • Year Built: 1970
  • Garage: 1-car
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 1,648
  • Acreage: 0.23
  • Est. Taxes: $1,402
  • Lot Desc: Corner Lot
  • Elem. School: Lakeview Elementary
  • Middle School: Sarasota Middle
  • High School: Sarasota High
  • Appliances: Dishwasher, Microwave, Refrigerator
  • MLS#: A4622273
  • Days on Market: 38 days
  • Website: https://www.raveis.com
    /prop/A4622273/3974lancasterdrive_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 11/22/2024 9:08:13 AM)
Listing courtesy of FINE PROPERTIES   Phone: 941-782-0000

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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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3974 Lancaster DRIVE, Sarasota, FL, 34241

$425,000

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 $340,000 $340,000 $340,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.000% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.477% 7.159% 6.296%
Monthly Tax Payment $117 $117 $117
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,262 $2,260 $2,867
Total Monthly Payment $2,454 $2,452 $3,059

* 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.