tomo logo

$780,000

Beds
2
Baths
2.0
sq ft
1,310

1087 W Peppertree Dr Unit 221D, Sarasota, FL 34242

1087 W Peppertree Dr Unit 221D

SARASOTA, FL 34242

  • 212 days on market
    • Price drop $19,000↓
One or more photo(s) has been virtually staged. MOTIVATED SELLERS!! UPDATED LISTING!! Huge Price Adjusment 780K!! NEW Paint throughout unit! NEW washer and dryer in unit! Your Slice of Paradise Awaits at Siesta Key! Experience the beauty of the #1 beach in the USA with this gorgeous 2 bedroom 2 bath with an oversized 1 car garage and lake view! You will love this split-level unit with great room size and floor plan. Short walking distance to the private beach and gulfside pool. Amenities for the complex include fitness center, 2 heated pools, fishing pier, 2 clubhouses, tennis courts, onsite management. Rentals are one month minimum with 4 individual leases per year. Your own private garage has plenty of space for your beach toys, beach chairs and car. Laundry Room located inside unit. Unit was completely refurbished in 2011. Crown molding throughout unit, custom closets, plantation shutters, tile floor and carpeting, enclosed lanai overlooks the interior lake/fountain give you added living space. Recent updates include A/C, 80 gal hot water tank, garage door opener 2020; new roof on the building - 2019, exterior of building freshly painted 2020. Peppertree on Siesta Key is conveniently located to shopping, restaurants, golfing, airports.

Details

Property type

Condominium

Est. home value

$926,308

Lot size

Unknown

Price per sq ft

$596

Year built

1974

Annual property taxes

$9,424.2

HOA fee

$1,064

Price History

06/26/2024
StellarMLS

StellarMLS #A4591459

Price change
$780,000
-2.38%
06/09/2024
StellarMLS

StellarMLS #A4591459

Price change
$799,000
-1.24%
05/17/2024
StellarMLS

StellarMLS #A4591459

Price change
$809,000
-1.22%

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Fitness Center, Pool, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$234,421
Asking price
$780,000
Closing costs (~8% of asking)
-$62,400
Est. remaining loan balance
-$483,179
Cash to seller
$234,421

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Caliber Home Loans Inc

Loan start date

January 2022

Original loan amount

$509,000

Est. remaining balance

$483,179

Interest rate

3.1%

Loan type

New Conventional, 30 year

Seller

Eric Norman and Karen Norman

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 07/03/2024 at 11:30 AM

Listing updated: 06/26/2024 at 4:51 PM

Listed by: Curt Arndt, FINE PROPERTIES Phone #: (941) 782-0000

MLS: StellarMLS #A4591459

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