Under contract-accepting backup offers. One or more photo(s) has been virtually staged. This Loma Linda home from the 1950s is charming! It features 2 bedrooms, a bonus room or potential 3rd bedroom, 2 bathrooms, real hardwood flooring, vibrant colors, custom built-ins, paneled walls, and delightful beamed ceilings. The living and dining rooms provide easy access to the functional kitchen with vintage wood cabinetry, a breakfast bar, and included appliances. Adjacent to the kitchen is a bonus room that could be a 3rd bedroom with the addition of a closet. The house also includes two full bedrooms with a cheerful main bath that has tiled walls and matching era-appropriate wallpaper. The main bedroom has finished panels and a closet lined with cedar. The interior also includes a laundry room and a secondary bath. A fence encloses the backyard and has a cobblestone patio and shaded privacy. The property features a 1-car carport, a storage shed, and a covered porch entry. It is a fixer-upper and has the potential to be remodeled on a pleasant street in the City of Sarasota district without any HOA restrictions. It is in the beautiful Arlington Park area community, surrounded by various urban conveniences. Sarasota Memorial Hospital, Morton’s Market Plaza, shopping, and dining options are just a few blocks away. Additionally, the Arlington Park & Aquatic Center, offering a 50-meter lap pool, 25-yard instructional pool, outdoor and indoor basketball courts, tennis courts, playground, outdoor fitness gym, a half-mile trail, and a dog park, is only about a half-mile away. The location is also close to Downtown Sarasota, its cultural activities, and the renowned sugar-sand beaches of Siesta Key! Step into a bygone era and make this home yours today!
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William Raveis Real Estate
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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 Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
|
---|---|---|---|
Loan Amount | $336,000 | $336,000 | $336,000 |
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 | $284 | $284 | $284 |
H/O Insurance Payment | $75 | $75 | $75 |
Initial Principal & Interest Pmt | $2,235 | $2,233 | $2,881 |
Total Monthly Payment | $2,594 | $2,592 | $3,240 |
* 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.