3864 Hawkeye CIRCLE, Sarasota, FL, 34232 | $415,000

Under contract-accepting backup offers. Multi-Family Opportunity! SHORT TERM Rentals allowed! TWO properties on ONE oversized lot just shy of 1/2 an Acre! A 1961 single family home and a 1925 historical Siesta Key cottage! Located in the City of Sarasota limits which allows short term rentals and is non HOA. RARE opportunity for the right buyer to renovate the two existing homes and turn them into income producing properties or a full time homestead with guest house. Main homes a 2016 Metal ROOF with 2 bedrooms, 1 bath (there is a partial bathroom that needs completion) with a large room in the back that can easily be converted into a third bedroom. The guest house is a 1925 cottage from Siesta Key designated historical with plaque that can be provided. Being historical the property cannot be demolished or removed WITHOUT approval from the historical society. The cottage is a 2 bedroom, 1 bathroom and will need the kitchen built out and other updates. Window units in the cottage for air conditioning and being sold as-is. Large wooden custom shed conveys and could potentially be converted into an ADU, buyer will need to confirm with city. The community is a non HOA community located minutes to downtown Sarasota and close to everything! The Legacy Trail access isolated at the back of the neighborhood and there is potential expansion that will run behind this property. Final decision on that project should be announced Summer 2024.

Features

  • Rooms: 4
  • Bedrooms: 4
  • Baths: 2 full / 1 half
  • Laundry: Laundry Room
  • Style: Contemporary
  • Year Built: 1961
  • Heating: Central, Electric
  • Cooling: Central Air
  • Approx Sq. Feet: 1,800
  • Acreage: 0.46
  • Est. Taxes: $2,763
  • Lot Desc: Cul-De-Sac, City Lot, Oversized Lot
  • View: Trees/Woods
  • Pet Policy: Yes
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • MLS#: A4611764
  • Days on Market: 110 days
  • Website: https://www.raveis.com
    /prop/A4611764/3864hawkeyecircle_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 11/1/2024 1:29:32 AM)
Listing courtesy of PREFERRED SHORE   Phone: 941-999-1179

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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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3864 Hawkeye CIRCLE, Sarasota, FL, 34232

$415,000

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 $332,000 $332,000 $332,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.708% 7.133% 6.256%
Monthly Tax Payment $230 $230 $230
H/O Insurance Payment $75 $75 $75
Initial Principal & Interest Pmt $2,293 $2,207 $2,800
Total Monthly Payment $2,598 $2,512 $3,105

* 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.