642 Lafayette COURT, Sarasota, FL, 34236 | $599,000

Fantastic opportunity to live in Downtown Sarasota and enjoy rental income! This captivating property features a delightful Florida home alongside a detached cottage, perfect for guests, rental income, or as an in-law suite in the popular Laurel/Washington Park neighborhood. The main home 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, bedroom, bathroom, living area and a large porch.

A standout feature of this property is its outdoor living spaces. The brick paver patio offers a tranquil setting for morning coffees or evening soirees, enveloped by tropical Florida landscaping that captures the essence of Sunshine State living. The apartment further impresses with abundant natural light, and its own private lanai, a quiet hideaway.

Significant upgrades include a metal roof installed in 2014, ensuring durability and peace of mind. New AC in cottage in 2018 and main house 2019. Impact exterior doors in 2021. New breaker panel box and new electrical interior wiring in 2021. Ample parking space in the front.

A vibrant lifestyle of Downtown Sarasota awaits. A short walk to downtown and the bayfront featuring a variety of shops, restaurants, and cultural attractions, making every day an adventure!

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: 1 day
  • 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 11/14/2024 5:17:07 PM)
Listing courtesy of HARRY ROBBINS ASSOC INC   Phone: 941-924-8346

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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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642 Lafayette COURT, Sarasota, FL, 34236

$599,000

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 $479,200 $479,200 $479,200
Term 360 months 360 months 180 months
Initial Interest Rate** 7.250% 6.990% 5.990%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.655% 7.146% 6.276%
Monthly Tax Payment $618 $618 $618
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,269 $3,185 $4,041
Total Monthly Payment $3,979 $3,895 $4,751

* 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.