If only these walls could talk! Presenting 908 Pomelo Avenue—a century-old bungalow-style property that offers a rare opportunity for today's buyer to own a true piece of Sarasota’s historic charm. This historically registered homestead is situated on two and a half lots in the heart of Sarasota, within walking distance to public access points on Hudson Bayou and a short drive to downtown, beautiful Gulf beaches, and Selby Gardens. The main house features approximately 2, 400 square feet of living space, with communal kitchen and dining areas on the lower level, and four bedrooms and two bathrooms on the second level. At the rear of the main house, you'll find a spacious screened sun porch overlooking a large swimming pool. Additionally, there is a detached two-car garage with a three-room apartment at the back, which could serve as extra space for the homeowner or as an income-producing investment.
This home is not subject to deed restrictions. While it may need some cosmetic updates, the property has “good bones, ” and many significant renovations have already been completed. The plumbing and electrical systems were updated in 2003, and the roof was replaced in 2023. This property is ideal for a serious buyer who is ready to undertake a project that can transform it into an absolute showpiece. Disclosure: This property requires renovation and is recorded in the City of Sarasota Register of Historic Places, which means it is bound by specific regulations for alterations. The property is priced accordingly to reflect these constraints.
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Our family of companies offer our clients a new level of full-service real estate. We shall:
To learn more about our credentials, visit raveis.com today.
Our Executive Mortgage Banker:
Our Insurance Division:
$1,700,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,360,000 | $1,360,000 | $1,360,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.620% | 6.735% | 6.806% |
Monthly Tax Payment | $591 | $591 | $591 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,821 | $8,708 | $11,941 |
Total Monthly Payment | $9,537 | $9,424 | $12,657 |
* 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.