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Under contract-accepting backup offers. The McKaig House built by Sarasota originals Logan and Currin sits on over half an acre and is one of the few remaining crown jewels of Cherokee Park. The home has been impeccably maintained keeping as much of the 1930s character and materials as possible. Recently, Perrone Construction was used for the primary bedroom renovation and solarium style kitchen/great room addition. The huge entry foyer, with elegant solid oak staircase, highlights the high ceilings, original plaster walls, wood moldings and original wood floors that run through the home. The formal dining room features antique brass sconces and French doors leading to the screened porch. The living room has the original wood-burning fireplace with a gas hookup. All rooms are bathed in loads of sunlight. The custom kitchen is a gourmet's delight with a nearly 8-foot-long quartzite island, custom Campbell walnut wood cabinets and large pantry. The 60-inch Wolfe gas range, two 36-inch Sub-Zero refrigerators, two Asko dishwashers and Sub-Zero ice maker will delight any cook. There is also a mud room/pantry adjacent to the kitchen. On the main level, the main suite is complete with two custom walk-in closets and a primary bath featuring J. Tribble vanities with mystery white quartzite, walk-in shower and free-standing tub. Upstairs there are three additional bedrooms, two that share a guest bath and an en-suite guest room. There is also a huge, floored, attic space above the kitchen/great room. The attention to detail is unrivaled with nothing being overlooked. The long Tabby ribbon drive leads to the detached two-car garage complete with an original casita-style bath and bedroom, fifth bedroom. Bring your pets as there’s plenty of room to roam with the fenced yard with 100-year-old trees and the lushly landscaped backyard is ample enough for any pool imaginable. Feel secure with impact windows, generator, zone X flood zone and evacuation zone level D. There was no water intrusion from any past storm, according to the owner. Cherokee Park is one of the desirable neighborhoods in Sarasota. Visit, ride or take your golf cart to the Southside district, Sarasota Memorial Hospital, Selby Gardens, Sarasota Bayfront, downtown Sarasota and of course the world’s number one beach, Siesta Key. The possibilities are endless. Don’t delay in seeing this exquisite home. It’s seldom this style of home on this size lot comes to market.
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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 | $2,800,000 | $2,800,000 | $2,800,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 6.125% | 6.500% | 6.375% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.861% | 6.637% | 6.540% |
Monthly Tax Payment | $3,368 | $3,368 | $3,368 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $17,013 | $17,698 | $24,199 |
Total Monthly Payment | $20,506 | $21,191 | $27,692 |
* 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.