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Under contract-accepting backup offers. Major Price Improvement! Priced to sell! Attention value seekers!! Here's an opportunity to own a large, well kept home on an oversized lot in one of Sarasota's most special neighborhoods, Sherwood Forest!! Situated at the quiet end of a cul de sac street this house is perfectly livable as is but there are so many opportunities to add sweat equity into this home given its size, location and configuration. The bedrooms are huge and the master bedroom offers access to what could be a private study, nursery or 4th bedroom. A grand (sunken) living room with wood burning fireplace gives way to an expansive sunroom/family room with all new luxury vinyl flooring and tons of West facing windows allowing the house to bask in an afternoon glow. The floor plan is ideal with the master and adjacent study occupying the South wing and the two guest bedrooms on the North side of the house allowing for maximum privacy. A formal dining room off of the kitchen is a welcomed addition and perfect for hosting feasts and game nights with friends and family. The kitchen offers plenty of counter space and allows for its own separate eat-in area. A full size laundry room with access from the garage and kitchen completes the generous floor plan. Need a pool? No problem. The backyard allows for that! See attachments for placement, renderings, and price. Recent improvements include, new AC 2022, new hot water heater 2023, fresh paint inside, carpets professionally cleaned, dishwasher and washer and dryer all new within the last few years. Those who understand value should not miss this one. Won't last long!
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Our Executive Mortgage Banker:
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$498,000
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 | $398,400 | $398,400 | $398,400 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 7.000% | 6.990% | 6.250% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.841% | 7.159% | 6.518% |
Monthly Tax Payment | $240 | $240 | $240 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,651 | $2,648 | $3,416 |
Total Monthly Payment | $2,966 | $2,963 | $3,731 |
* 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.