1221 N Palm AVENUE, #305, Sarasota, FL, 34236 | $495,000

Enjoy the vibrant pulse of the downtown Sarasota lifestyle in this elegant Spanish Mediterranean designed building ideally located steps away from the waterfront, theaters, fine dining establishments, cultural events, farmers markets, Selby Botanical Gardens, boutique shopping, Bayfront Island Park Marina and more. Step inside this historical building and be captivated by the European flare of the Frances Carlton, with higher ceilings and interesting architecturally designed windows throughout providing an abundance of natural light. This completely UPDATED condo offers a brand-new kitchen featuring high end appliances, a spa like bathroom, and larger custom closets for additional storage space. Recently painted throughout, this condo features new light fixtures, updated plumbing and electric, an in-unit washer and dryer, updated flooring and more. In addition to the spacious primary bedroom, you will find a versatile window filled bonus room with abundant natural light and glancing views of the bay. This coveted retreat can be utilized as a home office, library, and or guest space for visiting family and friends. The historic Frances Carlton is on the National Register of Historic Places built in 1924 and features 20 units, a private heated pool, courtyard and ideally located secure gated parking. Don’t feel like driving? Hop on the free Sarasota Bay Runner Trolley that has a stop right on Palm Ave for a free ride to pristine Lido Beach and St Armands Circle. Even more, this building has passed the state required engineering inspection (the first in Florida to do so) and has fully funded reserves. This condo has historic charm, exquisite architecture, and a downtown location with a vibrant atmosphere that cannot be beat. Schedule your private showing today.

Features

  • Heating: Central
  • Cooling: Central Air
  • Levels: 3
  • Rooms: 4
  • Bedrooms: 1
  • Baths: 1 full
  • Laundry: Inside
  • Complex: FRANCES CARLTON
  • Year Built: 1928
  • Approx Sq. Feet: 676
  • Acreage: 0.49
  • Est. Taxes: $5,346
  • Condo Fee: $3,070 Quarterly
  • Pet Policy: Yes
  • Appliances: Dishwasher, Dryer, Range, Refrigerator, Washer
  • MLS#: A4616972
  • Days on Market: 51 days
  • Website: https://www.raveis.com
    /prop/A4616972/1221npalmavenue_sarasota_fl?source=qrflyer
This information is deemed reliable, but not guaranteed. The data relating to real estate displayed on this Site comes in part from the IDX Program of MFRMLS (My Florida Regional MLS DBA Stellar MLS). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. (last updated 9/20/2024 1:56:10 AM)
Listing courtesy of COLDWELL BANKER REALTY   Phone: 941-383-6411

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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

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1221 N Palm AVENUE, #305, Sarasota, FL, 34236

$495,000

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 Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $396,000 $396,000 $396,000
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.125% 4.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.483% 6.273% 5.268%
Monthly Tax Payment $446 $446 $446
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,406 $2,406 $3,129
Total Monthly Payment $2,927 $2,927 $3,650

* 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.