Nestled in the highly sought-after Old Englewood area, this 3-bedroom, 2-bath home offers the perfect opportunity to create your own coastal sanctuary. Situated just minutes from Englewood Beach and Manasota Key Beach, this property boasts an exceptional location with endless potential. Whether you're looking for a renovation project or a forever home in a vibrant community, this is the one!
Key Features:
• Spacious Layout: The open-concept floor plan seamlessly connects the kitchen to the living room, offering endless design possibilities. This space is ready for you to transform into your dream living area.
• Good Bones with Room to Improve: While storm damage has gutted the interior, the property retains solid bones with plenty of potential for a beautiful renovation. The existing floors—mixing terrazzo, concrete, ceramic tile, and tile—are in good condition offering unique character to the home.
• Florida Room & Enclosed Lanai: Enjoy the tranquil surroundings in the rear tiled Florida Room, or relax in the 14x14 enclosed lanai overlooking a peaceful body of water. The perfect spaces for sipping coffee or entertaining guests.
• Backyard Oasis: Nature thrives in the backyard, offering lush landscaping and a private retreat. The backyard also features a back patio and a small shed for additional storage or workshop space.
• One-Car Garage & Carport: The one-car garage provides convenient parking, while an added side carport offers extra coverage and storage—perfect for a workshop or outdoor equipment.
• Incredible Location:
o Englewood Beach and Manasota Key Beach are both within 4 miles, offering easy access to sandy shores and the Gulf of Mexico.
o Lemon Bay is within sight, offering a serene view and endless opportunities for outdoor activities.
o The iconic Dearborn Street is nearby, with historic shops, art galleries, cafes, music venues, and eateries. Be sure to visit the local seasonal market every Thursday!
o Lemon Bay Park & Environmental Center is within walking or biking distance, perfect for nature lovers and outdoor enthusiasts.
• Public water and sewer
• Established landscaping surrounding the home
This home offers an incredible opportunity to buy in a location you will truly enjoy. With so much potential, this property is ideal for those looking to build their dream home in a prime area, close to beaches, nature, and vibrant local amenities.
Don’t miss out on this fantastic chance to invest in a location that promises endless enjoyment and growth.
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Our Executive Mortgage Banker:
Our Insurance Division:
$278,000
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 | $222,400 | $222,400 | $222,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 7.125% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.330% | 7.295% | 6.538% |
Monthly Tax Payment | $192 | $192 | $192 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,480 | $1,498 | $1,907 |
Total Monthly Payment | $1,747 | $1,765 | $2,174 |
* 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.