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2042 Kai DRIVE, Sarasota, FL, 34231 | $415,000
Under contract-accepting backup offers. TWO for ONE! Experience the potential of 2042 Kai Dr, a unique property for sale in Sarasota, FL, offering a prime renovation opportunity. Built in 1963, this Florida block home features 1790 sqft of living space and sits on a spacious combined lot, INCLUDING the house and an adjacent vacant lot. Located on a quiet cul-de-sac street with no through traffic, it presents a tranquil residential setting.
The interior retains many original features, creating a perfect canvas for those looking to renovate or rebuild from scratch. The property includes an open floor plan with a living room-dining room combination and a great room adorned with a wall of wide sliders. Notable updates include a new roof installed in 2012 and a central A/C system added in 2015.
This house is being sold AS-IS, with no credits or repairs offered, reflecting the list price for BOTH the home and the adjacent lot that is separately deeded. These lots offer the potential to build your dream home in a desirable area of Sarasota. The property's value is further underscored by a recent appraisal conducted in August 2024, ensuring you buy with built-in equity.
Location wise, it's also conveniently close to Sprouts Farmers Market (1 mile), Gulf Gate (approx 2 miles), and the stunning Siesta Key (approx 3 miles), enhancing lifestyle convenience with grocery shopping, local attractions, and beautiful beaches nearby. Whether you are investing to remodel or to create something new, 2042 Kai Dr holds impressive potential in a fantastic Sarasota location.
Features
- Rooms: 9
- Bedrooms: 2
- Baths: 1 full
- Laundry: Inside, Laundry Room
- Style: Florida
- Year Built: 1963
- Heating: Central, Electric
- Cooling: Central Air
- Approx Sq. Feet: 1,790
- Acreage: 0.2
- Est. Taxes: $3,217
- Lot Desc: Cul-De-Sac, In County
- Elem. School: Gulf Gate Elementary
- Middle School: Brookside Middle
- High School: Riverview High
- Pet Policy: Yes
- Appliances: Cooktop, Refrigerator
- MLS#: A4621739
- Days on Market: 6 days
- Website: https://www.raveis.com
/prop/A4621739/2042kaidrive_sarasota_fl?source=qrflyer
Listing courtesy of COLDWELL BANKER SARASOTA CENT. Phone: 941-487-5600
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
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
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Florida Insurance TeamInsurance Sales Director, William Raveis Insurance
561.704.7334
FLInsure@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
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
2042 Kai DRIVE, Sarasota, FL, 34231
$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** | 6.125% | 5.990% | 4.990% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 7.470% | 6.161% | 5.248% |
| Monthly Tax Payment | $268 | $268 | $268 |
| H/O Insurance Payment | $75 | $75 | $75 |
| Initial Principal & Interest Pmt | $2,017 | $1,988 | $2,624 |
| Total Monthly Payment | $2,360 | $2,331 | $2,967 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
FL Mortgage Lender MLD1388