Ideal for a "house hack" lifestyle, this property features a cozy 1/1 efficiency with a private entrance—perfect for rental income—while you enjoy the 2/1 main house. Perfect blend of comfort and opportunity with this well-maintained ranch-style home in the heart of Sarasota, this home’s spacious layout is adorned with easy-to-clean tile flooring throughout and boasts a modernized kitchen that makes cooking a joy plus upgraded bathrooms. Step into the paver backyard oasis where relaxation awaits—a private above-ground pool, a large pergola with space for entertaining, and a screened lanai with a TV and a laundry station with sink and storage for added convenience. Enjoy peace of mind with numerous updates: a 2014 roof, new impact windows and doors installed in 2018, a 2022 HVAC system, and a large PVC-fenced yard with a massive storage shed added in 2020. Located just minutes from downtown Sarasota and the stunning beaches, this property is a gem for both homeowners and investors. Don’t miss out—make this energy-efficient home your private retreat or income-generating investment today!
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William Raveis Real Estate
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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 | $268,000 | $268,000 | $268,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.875% | 6.990% | 5.990% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.191% | 7.171% | 6.276% |
Monthly Tax Payment | $242 | $242 | $242 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $1,761 | $1,781 | $2,260 |
Total Monthly Payment | $2,078 | $2,098 | $2,577 |
* 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.