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$1,277,777

Beds
2
Baths
2.0
sq ft
1,915

1240 Dolphin Bay Way Unit 402, Sarasota, FL 34242

1240 Dolphin Bay Way Unit 402

SARASOTA, FL 34242

  • Pending
    • Price drop $20,000↓
Under contract-accepting backup offers. Welcome to Paradise in Siesta Key! Watch the sunrise over the Bay from your spacious enclosed lanai and catch the occasional manatee or dolphin frolicking in the Bay. Across the street is Siesta Key's World Famous sandy beach for your sunbathing, walking, and swimming adventures. Don't forget to watch the sky light up at sunset as you walk the beach with one of your favorite beverages. If relaxation is not at the top of your list, that is ok because this complex offers top-of-the-line Hartru/clay tennis courts, a fitness center, a pool, a spa, and a day dock on the Bay for boating or fishing. This is a small well-maintained complex of 50 owners that take great pride in their community. This 2bedroom/2-bathroom unit was extensively remodeled a few years ago. It has new flooring, new doors, new trim, a Sub-Zero refrigerator, a wine cooler, a  Viking range, microwave draws, Fisher Parker dishwasher draws, built-in Miele Coffee System, Hurricane windows and sliders, new bathroom vanities and Kohler toilets and a free-standing Victoria & Albert bathtub. The AC was replaced in 2020. There is also an oversized personal garage to keep your vehicle out of the sun. This unit is being sold turnkey, so just pack your suitcase and come on down. Everything you need is here!

Details

Property type

Condominium

Est. home value

$1,353,309

Lot size

1.4 acres

Price per sq ft

$668

Year built

1998

Annual property taxes

$12,140.88

Monthly HOA fee

$2,068

Price History

07/02/2024
StellarMLS

StellarMLS #A4595025

Pending
$1,277,777
06/25/2024
StellarMLS

StellarMLS #A4595025

Price change
$1,277,777
-1.54%
04/16/2024
StellarMLS

StellarMLS #A4595025

Listed
$1,297,777

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Fitness Center, Pool, Sidewalks, 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

$317,756
Asking price
$1,277,777
Closing costs (~8% of asking)
-$102,222
Est. remaining loan balance
-$857,799
Cash to seller
$317,756

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

Seller’s Loan History

Lender

Old National Bank

Loan start date

March 2022

Original loan amount

$980,000

Est. remaining balance

$857,799

Interest rate

2.79%

Loan type

New Conventional, 15 year

Seller

Edward J Gillig and Catherine K Gillig

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: Pending/Under Contract

Tomo last checked: 07/05/2024 at 9:25 PM

Listing updated: 07/02/2024 at 10:12 AM

Listed by: Ed Taaffe, WAGNER REALTY Phone #: (941) 383-5577

MLS: StellarMLS #A4595025

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