1401 Arcadia AVENUE, Sarasota, FL, 34232 | $499,900

Under contract-accepting backup offers. Discover the perfect blend of tranquility and convenience with this hidden gem! Set on a rare 1-acre lakefront lot, this 3 bedroom, 2 bath home offers the serenity of country living right in the heart of town. The property includes a separate In-Law Suite with its own entrance, kitchen and bath – perfect for multi-generational living or hosting guest. The main house welcomes you with an open floor plan and striking rich wood ceilings that exude warmth and character to the space. Its unique angular walls add an architectural flair, while the oversized kitchen which features a center island, abundance of countertops, and wood cabinetry is perfect for cooking and entertaining. The third bedroom is currently used as a versatile den/office, offering flexibility to suit your lifestyle. Plus, enjoy peace of mind with a recently replaced roof (2021). The attached Casita, complete with a private entrance, features 1 bedroom, 1 bath, and its own kitchen, creating a private retreat for guests or extended family. Outdoors, the possibilities are endless. Whether you need room for large machinery, landscaping equipment, or recreational toys, this property has you covered. Best of all, with NO Deed Restrictions or HOA fees, you have the freedom to customize the space to your heart’s content. The tranquil lake invites you to enjoy fishing, birdwatching, and serene natural beauty. Located near the Celery Fields, Sarasota Audubon Nature Center, Ufer Family Park, as well as shopping, dining and medical facilities, it offers the perfect blend of recreation and convenience. Nestled in a charming and tucked-away community, this semi-estate combines peaceful seclusion with unmatched convenience – a rare opportunity you won’t want to miss!

Features

  • Rooms: 6
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Closet
  • Style: Custom, Ranch
  • Year Built: 1997
  • Heating: Electric, Wall Units / Window Unit
  • Cooling: Other, Wall/Window Unit(s)
  • Approx Sq. Feet: 1,995
  • Acreage: 1.01
  • Est. Taxes: $5,685
  • Lot Desc: In County, Irregular Lot, Level, Oversized Lot, Private, Street Dead-End
  • View: Trees/Woods, Water
  • Pet Policy: Yes
  • Appliances: Dishwasher, Electric Water Heater, Range, Range Hood, Refrigerator
  • MLS#: A4630288
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /prop/A4630288/1401arcadiaavenue_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 12/22/2024 3:17:11 PM)
Listing courtesy of RE/MAX ALLIANCE GROUP   Phone: 941-954-5454

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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:

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1401 Arcadia AVENUE, Sarasota, FL, 34232

$499,900

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 $399,920 $399,920 $399,920
Term 360 months 360 months 180 months
Initial Interest Rate** 7.125% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.456% 7.171% 6.276%
Monthly Tax Payment $474 $474 $474
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,694 $2,658 $3,373
Total Monthly Payment $3,243 $3,207 $3,922

* 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.