tomo logo

$799,000

Beds
4
Baths
3.0
sq ft
2,136

1110 Cowpen Ln, Sarasota, FL 34240

1110 Cowpen Ln

SARASOTA, FL 34240

  • 103 days on market
    • Price drop $26,000↓
NO CDD, NO HOA! Experience the best of country living on a sprawling 4.46-acre lot, with all the conveniences nearby! This charming home offers a peaceful retreat with frequent sightings of local wildlife, including deer, turkeys, turtles, and various birds. The property is surrounded by beautiful oak trees and vibrant flowering plants, creating a serene natural setting. Located just minutes from I-75, Lakewood Ranch, and the UTC dining and entertainment district, this home provides the perfect balance of tranquility and accessibility. It’s an ideal place for hosting holiday gatherings with its expansive living and dining room combo, offering plenty of space for everyone to enjoy. A standout feature is the in-law suite off the garage, complete with its own exterior entrance. This versatile space is perfect for a work-from-home office or guest accommodation. The property also includes a charming one-bedroom, one-bathroom cottage, perfect for use as an art studio or rental unit. The expansive, even yard is ideal for outdoor activities like tag, soccer, or yard games. The original owner lovingly maintained this home, ensuring it’s ready for its next chapter. Don’t miss out on this unique opportunity—call today to schedule a showing!

Details

Property type

Single Family Residence

Lot size

4.49 acres

Price per sq ft

$375

Year built

1977

Annual property taxes

$2,777.2

HOA

No

Price History

10/02/2024
StellarMLS

StellarMLS #A4615000

Price change
$799,000
-3.15%
09/15/2024
StellarMLS

StellarMLS #A4615000

Price change
$825,000
-2.83%
09/04/2024
StellarMLS

StellarMLS #A4615000

Price change
$849,000
-2.97%

Schools & Community

Elementary school: 

Tatum Ridge Elementary

Middle school: 

McIntosh Middle

High school: 

Booker High

Seller’s Loan History

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

Lender

Urban Financial Group

Loan start date

July 2009

Original loan amount

$727,500

Est. remaining balance

Not provided

Interest rate

3.03%

Loan type

Reverse Mortgage (Home Equity Conversion Mortgage), 75 year

Seller

Lois B Welch

Lender

Bank Of America Na

Loan start date

June 2001

Original loan amount

$5,000

Est. remaining balance

Not provided

Interest rate

7.12%

Loan type

Credit Line (Revolving)

Seller

Lois B Welch

Lender

Bk Amer N A

Loan start date

February 2001

Original loan amount

$76,044

Est. remaining balance

Not provided

Interest rate

7.07%

Loan type

Commercial

Seller

Lois B Welch

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: 10/04/2024 at 8:05 PM

Listing updated: 10/02/2024 at 7:41 AM

Listed by: Kelly Welch, BRIGHT REALTY Phone #: (941) 552-6036

MLS: StellarMLS #A4615000

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