Under contract-accepting backup offers. 2640 Desoto Rd in Sarasota, FL. This expansive modern ranch-style home boasts 5 bedrooms and 4 bathrooms and has recently undergone a complete renovation. It sits on over 2. 3 acres of meticulously maintained land with beautiful landscaping, making it a standout in the sought-after DeSoto Acres neighborhood.
Notable features of the property include an open floor plan with a contemporary kitchen that includes white cabinetry, tile backsplash, and high-end appliances, including a refrigerator with front panels. The kitchen also boasts a unique walk-in pantry with built-in cabinetry and a wood door with glass inlay, adding character to the home. The great room and kitchen feature elegant flooring and wood beams. A sitting area with a cozy fireplace as the focal point adds to the home’s modern, rustic charm.
The home offers two primary suites with luxury bathrooms, including walk-in showers. One suite includes a walk-in closet. The remaining bedrooms are spacious and comfortable, and there is a large laundry room with plenty of storage for added convenience.
The property has outdoor patios and a private heated pool, perfect for relaxation and entertainment. The entrance is secured with two automatic gates, and a privacy wall surrounds the property. The property's location near the University Town Center (UTC), Downtown Sarasota, The Ringling, and the airport provides privacy and accessibility without the constraints of an HOA, offering a convenient and satisfying lifestyle for its new homeowner.
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Our Executive Mortgage Banker:
Our Insurance Division:
$1,399,000
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 Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,119,200 | $1,119,200 | $1,119,200 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.625% | 6.625% | 6.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.282% | 6.762% | 6.036% |
Monthly Tax Payment | $329 | $329 | $329 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,166 | $7,166 | $9,827 |
Total Monthly Payment | $7,620 | $7,620 | $10,281 |
* 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.