Classic 1950's bungalow with limitless potential! A clean slate inside invites you to reimagine the space to your taste- whether you are restoring it's vintage character or reimagining it for modern living. Just steps away from world class dining, shopping and the stunning beaches of Lido Key, this bungalow blends historic appeal with UNMATCHED convenience. Boasting original mid-century details, this property features classic bones with spacious living areas, large windows that invite natural light and a prime lot. This is your chance to own a piece of Sarasota’s iconic St. Armand's Circle and transform it into your dream home. This home, while in need of renovation, offers immense potential for those with a vision and an appreciation for one of the most sought-after locations in Sarasota. The generous floor plan provides ample room for reimagining. This is an exceptional opportunity to create a personalized property in one of Sarasota’s most desirable locations. With St. Armand's Circle as your backyard, you’ll enjoy unparalleled convenience and luxury, just steps from the finest boutiques, gourmet restaurants, and Sarasota’s best beaches. Bring your contractor and your creative ideas—this diamond in the rough won’t last long. Don't miss your chance to own a piece of St. Armand's Circle history!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,250,000
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 | $1,000,000 | $1,000,000 | $1,000,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.500% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.209% | 6.750% | 6.664% |
Monthly Tax Payment | $1,143 | $1,143 | $1,143 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $6,403 | $6,403 | $8,711 |
Total Monthly Payment | $7,671 | $7,671 | $9,979 |
* 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.