Large, spacious duplex is priced to sell. Affordable starter home lets the other unit pay the bills! Or a great investment opportunity in a nice rental area of north Sarasota. No high HOA fees or deed restrictions. Bike to USF, New College, Ringling School, museums and airport. One short block to bus stop. About 2 miles to downtown and 3 miles to St. Armands shopping and Lido Beach. Close to playground and Disc Golf at North Water Tower Park. Each unit has large open 19' x15' living area, large 12' x12' bedroom with 8 ft. closet, full bath and a convenient 1/2 bath for guests. Galley kitchen with washer/dryer hookups gets plenty of natural light. Stove and refrigerator are included for each unit along with one stacked washer/dryer. Shelved pantry area behind kitchen and 2 hall closets offers plenty of storage space. One garage and one carport with room for additional off-street parking. Separate central HVAC, electric meters, and water meters are in place for each unit. The City of Sarasota provides central water, central sewer, trash collection, and great storm drainage. These units did not flood during the severe storms of 2024. According to Sarasota County flood maps of March 2024, "No flood zone intersects this building. " Possible Airbnb type short term rental subject to all city county and state permits and regulations. Property is sold As-Is. 5102 is occupied. Please don't disturb tenant.
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:
$289,000
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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $231,200 | $231,200 | $231,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.750% | 6.625% | 5.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.300% | 6.778% | 6.034% |
Monthly Tax Payment | $212 | $212 | $212 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,500 | $1,480 | $1,920 |
Total Monthly Payment | $1,787 | $1,767 | $2,207 |
* 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.