MAGNIFICENT COUNTRY ESTATE IN THE HEART OF TOWN. . . You will fall in love with this 5950 square foot RUTH RICHMOND Retro HOME built in DeSoto Acres on 2. 18 Acres and only 3 miles to downtown Sarasota! Once you enter through the stately gated entrance you are greeted with engaging curb appeal and a beautiful brick courtyard. The 3, 000 square foot main home was built with high ceilings, crown molding, terrazzo flooring and has THREE Ensuites, a huge living room & dining room, oversized kitchen with an abundance of cabinetry and a wonderful Florida room with vistas of the 32'x16' caged pool. There is a 3000+/- square foot addition connected with a vestibule and creating a rear courtyard around the pool patio. This additional space includes a huge family/rec room, banquet hall size kitchen, two additional bedrooms, storage room and a room with a private entrance that could be an office, another bedroom or what ever one needs. A TOTAL OF 5958 heated and cooled square feet, 5+ bedrooms (could be up to 7 bedrooms) and 4. 5 baths, 2 kitchens, a two car garage, 2 car carport, large chicken coop or dog kennel, huge screened and shaded orchid garden and a concrete and mosaic koi pond. Your new estate has been very well preserved and has a 4. 5 year old tile roof, Reverse osmosis/water filtration, central vacuum, new well pump and multiple hard wired smoke detectors. A great home for the extended family, or home office/business, etc. DeSoto Acres is a community of "Like size lots" only 3 miles to downtown Sarasota; it is a registered bird sanctuary and has an County overlay allowing horses, goats, chicken and roosters. Close to downtown Sarasota, Bradenton & I-75/UTC. You won't believe your eyes!
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,578,000
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 | $1,262,400 | $1,262,400 | $1,262,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.750% | 6.750% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.286% | 6.874% | 6.972% |
Monthly Tax Payment | $537 | $537 | $537 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,399 | $8,188 | $11,171 |
Total Monthly Payment | $9,061 | $8,850 | $11,833 |
* 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.