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$900,000

Beds
4
Baths
4.0
sq ft
2,163

2912 E Forest Lake Dr, Sarasota, FL 34232

2912 E Forest Lake Dr

SARASOTA, FL 34232

  • 493 days on market
    • Price drop $95,000↓
Value is in the Land - Old Forest Lakes. This property encompasses 1.26 acres with potential to divide for two parcels - pond, four giant 100 year old oak trees, complete privacy, and it is the 10th largest lot in the neighborhood. Many of the 1960 vintage homes have been replaced with custom homes that take advantage of the acre plus estates. This home needs a full makeover but has a good layout and design. Built in 1962 with a midcentury modern flair and 2163 sf, 4 bedrooms and 4 baths, Spacious Living room with cathedral ceiling, original wood beams, and two wood burning fireplaces. Plus attached 2 car garage, and pool. Plenty of room for all your toys, boats, golf carts. Also included on the property is the large two car garage/guest house/workshop with over 2304 sf. This building was constructed as the ultimate Man shop and is ready for your finishing touches. This is an excellent opportunity to complete the renovations needed for this property or take advantage of this unique opportunity to build you own custom mega mansion. Only 20 minutes to our beautiful Siesta Beach, the Legacy Trail runs along this neighborhood so you can enjoy riding or walking on the trail in minutes, 20 minutes to our charming downtown Sarasota, 25 minutes to the famous St. Armands circle, and 20 minutes to our world famous Siesta Key. When you are living in Old Forest Lakes you are living in a very special and unique enclave of homes. Enjoy the Florida life.

Details

Property type

Single Family Residence

Est. home value

$1,017,877

Lot size

1.26 acres

Price per sq ft

$417

Year built

1962

Annual property taxes

$7,794

Monthly HOA fee

$20.83

Price History

07/02/2024
StellarMLS

StellarMLS #A4562539

Price change
$900,000
-9.55%
04/05/2024
StellarMLS

StellarMLS #A4562539

Price change
$995,000
-5.24%
03/07/2024
StellarMLS

StellarMLS #A4562539

Listed
$1,050,000

Schools & Community

Neighborhood: 

Sarasota Springs

Elementary school: 

Wilkinson Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota 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

Suntrust Bank

Loan start date

September 2007

Original loan amount

$124,000

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Credit Line (Revolving), 20 year

Seller

Lisa Gullick and Charles F Gullick

Lender

Mers

Loan start date

March 2003

Original loan amount

$260,800

Est. remaining balance

Not provided

Interest rate

5.91%

Loan type

Commercial

Seller

Charles Gullick

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: 07/05/2024 at 9:30 PM

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

Listed by: Lisa Gullick, PREMIER SOTHEBYS INTL REALTY Phone #: (941) 907-9541

MLS: StellarMLS #A4562539

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