One or more photo(s) has been virtually staged. Don't miss this extraordinary opportunity to experience the essence of Sarasota's cherished historic downtown neighborhood, Laurel Park, where you can enjoy a quarter-acre (11, 058 SF) property with many possibilities. This offering comprises a charming traditional main home (new metal roof 2024), detached live/work studio (new metal roof and full bathroom in 2024), and welcoming guest cottage, all nestled on a generously-sized, fenced parcel that stretches from Laurel Street to Cherry Lane. The main attraction is the historic Craftsman Bungalow home, distinguished by its oversized classic southern covered front porch that beckons you inside. As you step through the front door, solid wood floors guide you through the interior spaces. The original details, like solid wood doors and heart pine wood walls, serve as a canvas for any color palette, allowing you to make it your own. The kitchen, adorned with walls of windows that provide picturesque views of the lush garden, boasts solid maple cabinetry and butcher block countertops. Gas appliances add a touch of convenience, while an abundance of natural light bathes the space in warmth. The living area consists of two bedrooms and one bath, along with an enclosed porch, all thoughtfully designed to make the most of the available space. The living room seamlessly connects to the dining room, which sits just off the kitchen. Step outside onto the large rear sun deck, and you'll find the complementary live/work studio, with its finished wood floors, built-in storage, and brand-new full bath. Across the lushly landscaped yard and pavered patio, you'll discover the one-bedroom, one-bathroom cottage retreat. Here, a pavered brick patio offers a charming setting for outdoor activities, while the spacious covered canvas seating area, grilling station, outdoor shower, and vintage storage shed enhance the potential for enjoyment. The combined possibilities of these unique spaces are a rare find in downtown Sarasota. Not only is this property close to the lively city center, but it's also conveniently situated near the bayfront and the pristine Gulf beaches, making it an exceptional location for those who appreciate arts, entertainment, and an active lifestyle. Nearby, you'll find bike and jogging trails, tennis courts, and pickleball courts, catering to avid athletes. Whether you're looking for a unique home, a space to work and live, or an investment property, this offering in Laurel Park promises a truly distinctive Sarasota experience.
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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 | $839,200 | $839,200 | $839,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.321% | 6.750% | 7.038% |
Monthly Tax Payment | $558 | $558 | $558 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,443 | $5,373 | $7,426 |
Total Monthly Payment | $6,126 | $6,056 | $8,109 |
* 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.