tomo logo

$675,000

Beds
1
Baths
1.0
sq ft
752

1500 State St Unit 602, Sarasota, FL 34236

1500 State St Unit 602

SARASOTA, FL 34236

  • 46 days on market
Live in the heart of downtown Sarasota in this turnkey furnished one-bedroom condo with exceptional city views from your private balcony. This modern 1 bed, 1 bath condo is an incredible opportunity to live in the middle of it all: restaurants, boutiques, shops, and farmer markets all just downstairs. The bay and marina are just a few minutes walk away. Walkability score of 96! On the 6th and top floor, this single level, open floor plan, has plenty of natural light with features such as high ceilings, large Italian-style shower, contemporary light fixtures and custom kitchen cabinetry. Enjoy other features such as granite countertops, top of the line stainless steel appliances and newer ceramic tile flooring throughout the residence. The private balcony is accessible from both the living room and bedroom and provides beautiful city views. The 1500 State Street building was built in 2017. Very flexible with rentals: 1 month lease minimum, 12 allowed per year. This location offers a unique lifestyle and is walkable to all that downtown Sarasota has to offer.

Details

Property type

Condominium

Est. home value

$572,887

Lot size

Unknown

Price per sq ft

$898

Year built

2017

Annual property taxes

$5,830

Monthly HOA fee

$716.67

Price History

09/20/2024
StellarMLS

StellarMLS #A4623996

Listed
$675,000
+42.11%
12/22/2021
StellarMLS

StellarMLS #A4516812

Sold
$475,000
+20.25%
05/03/2021
StellarMLS

StellarMLS #A4478057

Sold
$395,000

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$235,584
Asking price
$675,000
Closing costs (~8% of asking)
-$54,000
Est. remaining loan balance
-$385,416
Cash to seller
$235,584

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

Seller’s Loan History

Lender

Southstate Bank Na

Loan start date

December 2021

Original loan amount

$410,000

Est. remaining balance

$385,416

Interest rate

3.09%

Loan type

New Conventional, 30 year

Seller

Anna Ibrahim

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: 11/05/2024 at 9:30 AM

Listing updated: 09/21/2024 at 6:52 AM

Listed by: Greg Orquera, ORQUERA FLORIDA INVESTMENTS Phone #: (941) 203-8135

MLS: StellarMLS #A4623996

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