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$875,000

Beds
3
Baths
3.0
sq ft
2,516

1724 Oak Lakes Dr, Sarasota, FL 34232

1724 Oak Lakes Dr

SARASOTA, FL 34232

  • 57 days on market
    • Price drop $14,000↓
On the market for the first time in 20 years, this is the home you've been waiting for in The Lakes Estates. Perfectly positioned on a quiet street, the home is located on a .89-acre lot overlooking the big lake and a lit water fountain. The floor plan has three bedrooms (one bedroom is an ensuite), three bathrooms, an office, a large kitchen/family room combination, a living room (currently the fun game room), and a dining room (perfect for a second office), and will work for all sizes of families. The natural light glistens throughout from FIVE sets of sliding glass doors and several skylights. This is the ultimate home for entertaining with a huge remodeled kitchen in 2021 which consists of gorgeous quartz countertops, soft-close wood cabinets throughout, a lovely island, Whirlpool appliances, and a full bar area with a wine cooler. In 2016, the pool was remodeled with new tile and resurfaced with PebbleTec which has a lifetime warranty. The beautiful brick pavers add a level of elegance to the large lanai. A new smart hurricane-rated garage door was installed in 2020, and in 2018 a new updated electrical panel was added. In 2023 the owners had a third nail installed to the roof trusses for additional support. The Lakes Estates is an iconic sought-after neighborhood with amazing amenities such as TWO community pools (one is heated), a huge clubhouse with full kitchen, a workout room, two lit tennis courts, a basketball court, and a playground. There is something for everyone and I promise you won't be disappointed.

Details

Property type

Single Family Residence

Est. home value

$877,926

Lot size

0.89 acres

Price per sq ft

$348

Year built

1986

Annual property taxes

$3,426.32

Monthly HOA fee

$150

Price History

06/17/2024
StellarMLS

StellarMLS #A4609788

Price change
$875,000
-1.57%
06/04/2024
StellarMLS

StellarMLS #A4609788

Price change
$889,000
-1.11%
05/13/2024
StellarMLS

StellarMLS #A4609788

Listed
$899,000

Schools & Community

Neighborhood: 

Sarasota Springs

Elementary school: 

Brentwood Elementary

Middle school: 

McIntosh Middle

High school: 

Sarasota High

Community features: 

Clubhouse, 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

$559,089
Asking price
$875,000
Closing costs (~8% of asking)
-$70,000
Est. remaining loan balance
-$245,911
Cash to seller
$559,089

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

November 2020

Original loan amount

$287,000

Est. remaining balance

$245,911

Interest rate

2.87%

Loan type

New Conventional, 20 year

Seller

Mary Jo Violett and Anthony C Phillips

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 10:50 AM

Listing updated: 07/02/2024 at 1:53 PM

Listed by: Mary Jo Violett, MICHAEL SAUNDERS & COMPANY Phone #: (941) 349-3444

MLS: StellarMLS #A4609788

StellarMLS logo

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