642 Lafayette COURT, Sarasota, FL, 34236 | $579,000

Rare find in the Laurel/Washington Park Neighborhood section of Downtown Sarasota! An easy walk to all your favorite downtown restaurants, nightclubs, theaters, galleries, cafes, farmers market, street fairs, annual sidewalk chalk festival, New Year's harbor fireworks and more! Payne Park is close by as well (with tennis courts and an upcoming theater) where the Legacy Trail begins. Located on a dead-end street, this captivating property features a delightful bungalow alongside a detached cottage, perfect for guests, rental income, or as an in-law suite. The bungalow features 1 bedroom and 1 bath, including a versatile Florida room that can serve as a second bedroom or an inviting sunlit retreat. There is a cozy den off the primary suite, providing a great spot for an office or additional storage. The guest cottage features a kitchen which has recently been remodeled, 1 bedroom, 1 bathroom, living area and a large front porch. Plenty of driveway space for two cars and on-street parking allows for easy access.

Significant upgrades include a metal roof installed in 2014, New AC in cottage in 2018 and bungalow 2019. Hurricane impact exterior doors in 2021. New breaker panel box and new electrical interior wiring in 2021. Landscaping improvements and added drainage in 2023/2024.

Live in one dwelling, rent the other dwelling (short-term rentals are allowed, but require a license) either month-to-month or long-term, while designing your new residence. Well maintained by current owners with a fabulous long-term tenant who has renewed on a month-to-month lease (In main house) and the owners have vacated the cottage, so possibilities abound to keep the current tenant and Airbnb the cottage for maximum income. You can make this property yours before the high season starts!

Features

  • Rooms: 7
  • Bedrooms: 2
  • Baths: 2 full
  • Lot Size: 59 x 100
  • Laundry: Outside
  • Style: Bungalow, Cottage
  • Year Built: 1949
  • Garage: Driveway, Off Street
  • Heating: Central, Electric, Heat Pump
  • Cooling: Central Air, Mini-Split Unit(s)
  • Approx Sq. Feet: 1,180
  • Acreage: 0.14
  • Lot Size: 59 x 100
  • Est. Taxes: $7,416
  • Lot Desc: Historic District, City Lot, Landscaped, Level, Near Marina, Near Public Transit, Sidewalk, Street Dead-End
  • View: City
  • Elem. School: Southside Elementary
  • Middle School: Booker Middle
  • High School: Sarasota High
  • Pet Policy: Yes
  • Appliances: Dryer, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • MLS#: A4628290
  • Days on Market: 11 days
  • Website: https://www.raveis.com
    /prop/A4628290/642lafayettecourt_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 11/24/2024 11:47:10 PM)
Listing courtesy of HARRY ROBBINS ASSOC INC   Phone: 941-924-8346

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NMLS Mortgage Loan Originator ID 16953

917.838.7300

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642 Lafayette COURT, Sarasota, FL, 34236

$579,000

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 $463,200 $463,200 $463,200
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 7.477% 7.159% 6.498%
Monthly Tax Payment $618 $618 $618
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,082 $3,079 $3,972
Total Monthly Payment $3,792 $3,789 $4,682

* 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.