tomo logo

$550,000

Beds
4
Baths
2.5
sq ft
2,118

2247 Otter Creek Ln, Sarasota, FL 34240

2247 Otter Creek Ln

SARASOTA, FL 34240

  • Pending
Under contract-accepting backup offers. THIS PROPERTY QUALIFIES FOR A 1% LENDER INCENTIVE WITH THE PREFERRED LENDER—INQUIRE FOR DETAILS! Welcome to this 4-bedroom, 2-bathroom pool home in the highly sought-after Otter Creek community! Situated on a large lot with a very low HOA, this property is perfect for those looking for space, privacy, and the opportunity to create their dream home. The expansive backyard features a sparkling pool, making it an ideal setting for outdoor entertaining, family gatherings, or simply relaxing and enjoying the Florida sunshine. Inside, this home is a blank canvas waiting for your personal touch. While it does need some updating, it offers a spacious and functional layout with plenty of natural light. The open living and dining areas provide a great foundation for customization, and the generously sized bedrooms allow for flexibility—whether you need guest rooms, a home office, or creative space. The primary suite offers a private retreat, and the additional bedrooms are perfect for family or visitors. Beyond the home’s potential, its prime location is a major highlight. It’s conveniently located just minutes from shopping, dining, and major roadways, making daily errands and commuting a breeze. Plus, with a very low HOA, you can enjoy the benefits of a great neighborhood without the high fees. If you’re looking for a property with good bones, a fantastic yard, and endless possibilities, this is your chance! Don’t miss out on this incredible investment opportunity—schedule your private tour today and bring your vision to life!

Details

Property type

Single Family Residence

Est. home value

$681,200

Lot size

0.28 acres

Price per sq ft

$260

Year built

1996

Annual property taxes

$4,968.84

Monthly HOA fee

$41.67

Price History

04/02/2025
StellarMLS

StellarMLS #A4640633

Pending
$550,000
02/27/2025
StellarMLS

StellarMLS #A4640633

Listed
$550,000
+64.18%
01/31/2020
StellarMLS

StellarMLS #A4453988

Sold
$335,000

Schools & Community

Elementary school: 

Tatum Ridge Elementary

Middle school: 

McIntosh Middle

High school: 

Sarasota High

Community features: 

Sidewalks

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

$265,651
Asking price
$550,000
Closing costs (~8% of asking)
-$44,000
Est. remaining loan balance
-$240,349
Cash to seller
$265,651

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

Seller’s Loan History

Lender

Crosscountry Mortgage Llc

Loan start date

January 2020

Original loan amount

$268,000

Est. remaining balance

$240,349

Interest rate

3.73%

Loan type

New Conventional, 30 year

Seller

Favio Castro and Tanaita Trejo

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?

Status: Pending/Under Contract

Tomo last checked: 04/03/2025 at 4:35 AM

Listing updated: 04/02/2025 at 3:31 PM

Listed by: Dawnelle Lanners, KW COASTAL LIVING III Phone #: (941) 900-4151

MLS: StellarMLS #A4640633

StellarMLS logo

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