5416 Downham MEADOWS, Sarasota, FL, 34235 | $565,000

Under contract-accepting backup offers. Are you ready to indulge in world-class shopping and dining at UTC, while also enjoying a variety of outdoor activities just blocks from your doorstep? Look no further than this charming 3 bedroom, 2 bath Meadows pool home. This lovely ranch-style home is nestled on a spacious corner lot that spans almost half an acre, providing ample space and privacy. The circular driveway offers convenient parking for you and your guests.

With a little bit of your personal touch and some updating, this home has the potential to be truly spectacular. The brand-new tile roof was just completed in April 2024, and the kitchen and primary bathroom were updated 6-7 years ago, featuring beautiful bamboo flooring. The interior has been freshly painted, and new carpet and luxury vinyl plank flooring were installed in July 2024. The third bedroom even boasts a built-in Murphy bed, adding versatility to the space.

Whether you're looking for a forever home, a seasonal retreat, or a rental property, this home offers endless possibilities. The Meadows community provides fitness trails, a community pool, a fitness center, and optional golf, tennis, pickleball, and social memberships. The unbeatable combination of location and amenities make this property a true gem.

Don't miss out on the opportunity to make this Meadows beauty your new address. Schedule your showing today and start envisioning the possibilities for this wonderful home.

Features

  • Amenities: Clubhouse, Fence Restrictions, Fitness Center, Golf Course, Pool, Recreation Facilities, Spa/Hot Tub, Tennis Court(s)
  • Rooms: 12
  • Bedrooms: 3
  • Baths: 2 full
  • Laundry: Inside, Laundry Room
  • Style: Florida, Ranch
  • Year Built: 1992
  • Garage: 2-car Driveway, Garage Door Opener
  • Heating: Central
  • Cooling: Central Air
  • Approx Sq. Feet: 2,045
  • Acreage: 0.48
  • Est. Taxes: $2,981
  • HOA Fee: $1,394 Annually
  • Lot Desc: Cleared, Corner Lot, Greenbelt, In County, Landscaped, Near Golf Course, Near Public Transit, Oversized Lot
  • View: Park/Greenbelt, Trees/Woods
  • Pool: Gunite, Heated, In Ground
  • Pet Policy: Dogs OK
  • Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer
  • MLS#: A4610004
  • Days on Market: 115 days
  • Website: https://www.raveis.com
    /prop/A4610004/5416downhammeadows_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 10/22/2024 7:17:11 PM)
Listing courtesy of FINE PROPERTIES   Phone: 941-782-0000

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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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5416 Downham MEADOWS, Sarasota, FL, 34235

$565,000

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 $452,000 $452,000 $452,000
Term 360 months 360 months 180 months
Initial Interest Rate** 7.375% 6.875% 5.875%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.760% 7.042% 6.160%
Monthly Tax Payment $248 $248 $248
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,122 $2,969 $3,784
Total Monthly Payment $3,462 $3,309 $4,124

* 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.  The Total Monthly Payment does not include the estimated HOA/Common Charge payment.