Sarasota East of Trail sanctuary on . 46 acre in the popular Arlington Park neighborhood. Surrounded by lush gardens, mature shade trees, and outdoor decks and patios with custom water features, this hidden oasis sits on an oversize double lot in one of Sarasota’s highly sought after neighborhoods. Walk to Arlington Park and within one mile of Sarasota Memorial Hospital, Southside Village, Southside Elementary and Sarasota High. Love the beach? It’s just six miles to Sarasota’s white-sand beaches at Lido Key and Siesta Key. This vintage gem has two separate living quarters. Leave as is for multi-generational living or income-producing rental; or remodel to combine the spaces into a unique
intown compound. Total living area is 2, 825 square feet. The one-level main house has three bedrooms, one bath and an office. The two-story attached apartment has two bedrooms, one bath, loft and s second full kitchen. The outdoors is the main attraction of this enchanting property. The owner, who is a master landscape designer, created multiple gardens to enjoy the private setting. Decks, patios and walkways are complemented by unique plant specimens and custom water features. Mature shade trees filter sunlight and provide a natural cooling effect. The organic food garden, cultivated per biodynamic principles, is bordered by tropical fruit trees. There’s also a potting area with sink and vermiculture disposal system next to a grated platform for growing vegetable starts. Great opportunity to own nearly half an acre in Sarasota’s up and coming East of Trail with easy access to Sarasota’s renowned lifestyle amenities.
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Our Executive Mortgage Banker:
Our Insurance Division:
$850,000
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 | $680,000 | $680,000 | $680,000 |
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 | 7.406% | 6.762% | 6.830% |
Monthly Tax Payment | $785 | $785 | $785 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $4,410 | $4,354 | $5,970 |
Total Monthly Payment | $5,287 | $5,231 | $6,847 |
* 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.