121 E Pine STREET, Arcadia, FL, 34266 | $385,000

Not every day that one of these historic grand gems comes to market! Walk into historical main street usa downtown arcadia & enjoy the down home restaurants, antique & new merch shops, opera house & a real old style cowboy saloon & shop, coffee house & our very own downtown devoted street corner preacher!

1920's diamond in the rough' offers a surprize oasis with in the city limits, hosting an inground 12' deep gunite pool surrounded by clusters of palm trees & live oak w/ spanish moss; partially hidden by new picket fence. & 6ft. Privacy fence.
With 4+ bedrooms + 4 bonus rooms & pool house/garage to be made into potential extra guest bungalow or studio/office/airbnb/house managers living quarters.

This beauties street front entrance has expansive long veranda porch that meets end of corner location for breezy flow while sitting on your swing enjoying your yards mature trees and neighborhood! Step into front door grand entrance w/ original hard wood floors with formal living room and wood burning fireplace flowing to bonus room or Master bedroom #1 w/ twin glass and wood frame pocket doors & entire wall of new storm windows overlooking the side corner yard. As you step into dining rooms flowing to kitchen, downstairs bath, & bonus room#2-overlooking pool with exits to both pool and front porch loaded with hurricane storm windows and picture window. From this room step onto large carport to enjoy pool side or take stairs to exxpansive upper deck overlooking historical downtown sky line for the most majestic sunsets!
From upstairs deck enter into #3 bonus ante room with entrances to 2 bedrooms, one bedroom has #4 bonus room with 4 directions of windows for cross-breezes and treehouse tower feel & 4th window opens overlooking staircase , allowing more air flow.
With 4 bedrooms + 2 bonus rooms upstairs & 1 bathroom that holds original cast iron claw foot tub- there is much space to put in another bathroom or 2 & house guests and family, through out the entire house and potential pool house/garage conversion.
2022 new tile roof, brand new upstairs hvac, recent new pool pump & filter system, newer & recently serviced downstairs hvac, newer elecric panel boxes from previous owner, new tile floor in kitchen & downstairs bath, cathedral ceilings, some crown molding.

This could be your forever 'in town' family home/escape or your investor pad split/mid-term short term rental, group home, airbnb, transition home for recovery, inn-spa-restaurant w/ city approval.

The potenttial is limitless in this grande home & olde world florida cowboy town revival!
Price point today is way below arv appraisal, this is a work in progress & future price wlll reflect in more work that is completed.
You won't want to miss ths opportunity to be a part of the migration out of the busy cities yet close enough to make travel easy to be a part of this undiscovered, yet discovered historcal main st. Usa cowboy town on the peace river.

Close to i-75 and Punta Gorda, RSW//Ft. Myers & Sarasota/ Tampa Airports. with many new restaurants & businesses opening and development trying hard to acquire the beautiful rural land here. It's still the country with modern conveniences minutes away! Main roads on 17 & 70 are so sceninc wth cows & horses in live oak spanish moss covered pastures; will truly take your breath away!
This is the Florida that you will want to know & be a part of!

Features

  • Rooms: 10
  • Bedrooms: 5
  • Baths: 2 full
  • Lot Size: 90 x 142
  • Laundry: Outside
  • Style: Craftsman, Historical
  • Year Built: 1950
  • Garage: 1-car Driveway, Ground Level, Split Garage
  • Heating: Electric
  • Cooling: Central Air, Zoned
  • Approx Sq. Feet: 2,772
  • Acreage: 0.29
  • Lot Size: 90 x 142
  • Est. Taxes: $4,683
  • Lot Desc: Corner Lot, Historic District, City Lot, Landscaped
  • View: City, Trees/Woods
  • Elem. School: Memorial Elementary School
  • Middle School: DeSoto Middle School
  • High School: DeSoto County High School
  • Pool: Gunite, In Ground, Tile
  • Appliances: Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: O6239493
  • Days on Market: 3 days
  • Website: https://www.raveis.com
    /prop/O6239493/121epinestreet_arcadia_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 9/21/2024 1:06:15 PM)
Listing courtesy of AVANTI WAY   Phone: 305-229-1146

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NMLS Mortgage Loan Originator ID 16953

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121 E Pine STREET, Arcadia, FL, 34266

$385,000

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 $308,000 $308,000 $308,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $390 $390 $390
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $1,871 $1,871 $2,434
Total Monthly Payment $2,336 $2,336 $2,899

* 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.