tomo logo

$999,900

Beds
4
Baths
2.5
sq ft
2,347

322 Suwanee Ave, Sarasota, FL 34243

322 Suwanee Ave

SARASOTA, FL 34243

  • 19 days on market
Welcome to an exceptional residence in the highly sought-after Ballentine Manor Estates, where pride of ownership shines through in every detail. Nestled on an expansive half-acre lot "West of the Trail," this stunning 4-bedroom, 2.5-bath home offers a seamless blend of sophistication and comfort with a backyard that rivals a private resort. Completely remodeled with high-end finishes and designer touches, this home features Terrazzo, hardwood, and marble flooring throughout. The gourmet kitchen, thoughtfully open to the main living space, is a chef's dream—complete with stainless steel appliances, an induction cooktop, granite countertops, a large center island, a wet bar with a mini fridge, and ample cabinet storage. The primary suite boasts a custom walk-in closet and an exquisite en-suite bathroom with marble floors, dual vanities, a soaking tub, and a walk-in shower. The versatile fourth bedroom can serve as a cozy family room or office, enhanced by a fireplace and large windows that overlook the expansive, fully fenced backyard. Step outside to your own private paradise, featuring a heated pool, a firepit, an elevated sundeck with custom lighting, and ample space for lounging, entertaining, and relaxation. Located just three homes away from Sarasota Bay but not in a flood zone, you’re only a short stroll away from breathtaking waterfront views and unforgettable sunsets. Recent upgrades include a new roof (April 2023), water heater (2023), pool pump (2023), HVAC (2021), UV light (2024), dishwasher (2021), Speed Queen washer and dryer (2024), refrigerator (2024), decorative lighting, and a ~520 sq. ft. garage transformed into a game room with a mini-split AC. This property is not only a fantastic family home but also offers incredible income potential as it currently operates as a top performing Airbnb. Gross revenue for 2022 was $202K, $183K for 2023 and $72K for January to mid-May 2024. With its expansive backyard, there’s incredible potential to further boost revenue by adding popular amenities like pickleball, mini-golf, or volleyball - creating endless opportunities for growth. Located only minutes from SRQ Airport and top-notch shopping and dining, this home is an extraordinary opportunity that you don’t want to miss! Furniture is negotiable. A recently completed cost segregation study is included. Insurance is $4,997.46 annually.

Details

Property type

Single Family Residence

Est. home value

$819,369

Lot size

0.55 acres

Price per sq ft

$427

Year built

1963

Annual property taxes

$9,390

HOA

No

Price History

11/03/2024
StellarMLS

StellarMLS #A4627779

Listed
$999,900
-0.01%
08/19/2024
StellarMLS

StellarMLS #O6216464

Sold
$1,000,000
+0.1%
07/19/2024
StellarMLS

StellarMLS #O6216464

Pending
$999,000

Schools & Community

Neighborhood: 

Whitfield

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

$412,947
Asking price
$999,900
Closing costs (~8% of asking)
-$79,992
Est. remaining loan balance
-$506,961
Cash to seller
$412,947

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

Seller’s Loan History

Lender

Axia Financial Llc

Loan start date

April 2021

Original loan amount

$548,250

Est. remaining balance

$506,961

Interest rate

3.05%

Loan type

New Conventional, 30 year

Seller

Soujanya Masna

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: 11/22/2024 at 3:20 PM

Listing updated: 11/09/2024 at 1:27 PM

Listed by: John McNaught, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #A4627779

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