2912 E Forest Lake DRIVE, Sarasota, FL, 34232 | $995,000
Value is in the Land - Old Forest Lakes. This property encompasses 1. 26 acres with potential to divide for two parcels - pond, four giant 100 year old oak trees, complete privacy, and it is the 10th largest lot in the neighborhood. Many of the 1960 vintage homes have been replaced with custom homes that take advantage of the acre plus estates. This home needs a full makeover but has a good layout and design. Built in 1962 with a midcentury modern flair and 2163 sf, 4 bedrooms and 4 baths, Spacious Living room with cathedral ceiling, original wood beams, and two wood burning fireplaces. Plus attached 2 car garage, and pool. Plenty of room for all your toys, boats, golf carts. Also included on the property is the large two car garage/guest house/workshop with over 2304 sf. This building was constructed as the ultimate Man shop and is ready for your finishing touches. This is an excellent opportunity to complete the renovations needed for this property or take advantage of this unique opportunity to build you own custom mega mansion. Only 20 minutes to our beautiful Siesta Beach, the Legacy Trail runs along this neighborhood so you can enjoy riding or walking on the trail in minutes, 20 minutes to our charming downtown Sarasota, 25 minutes to the famous St. Armands circle, and 20 minutes to our world famous Siesta Key. When you are living in Old Forest Lakes you are living in a very special and unique enclave of homes. Enjoy the Florida life.
Features
- Rooms: 6
- Bedrooms: 4
- Baths: 4 full
- Laundry: In Garage, Laundry Room
- Style: Florida, Ranch
- Year Built: 1962
- Garage: 2-car Boat, Driveway, Garage Door Opener, Garage Faces Side
- Heating: Central, Electric
- Cooling: Central Air
- Approx Sq. Feet: 2,163
- Acreage: 1.26
- Est. Taxes: $7,794
- HOA Fee: $250 Annually
- Lot Desc: In County, Irregular Lot, Oversized Lot
- View: Trees/Woods, Water
- Elem. School: Wilkinson Elementary
- Middle School: Brookside Middle
- High School: Sarasota High
- Pool: Gunite, In Ground
- Pet Policy: Yes
- Appliances: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
- MLS#: A4562539
- Days on Market: 391 days
- Website: https://www.raveis.com
/eprop/A4562539/2912eforestlakedrive_sarasota_fl?source=qrflyer
Listing courtesy of PREMIER SOTHEBYS INTL REALTY Phone: 941-907-9541
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Melissa CohnRVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 16953
917.838.7300
Melissa.Cohn@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
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Evelio MirandaInsurance Sales Director, William Raveis Insurance
561.704.7334
Evelio.Miranda@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2912 E Forest Lake DRIVE, Sarasota, FL, 34232
$995,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Melissa Cohn
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 | $796,000 | $796,000 | $796,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 7.000% | 6.750% | 6.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.799% | 6.876% | 6.850% |
| Monthly Tax Payment | $650 | $650 | $650 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $5,296 | $5,163 | $6,989 |
| Total Monthly Payment | $6,038 | $5,905 | $7,731 |
* 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. The Total Monthly Payment does not include the estimated HOA/Common Charge payment.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388