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$999,000

Beds
4
Baths
2.5
sq ft
2,347

322 Suwanee Ave, Sarasota, FL 34243

322 Suwanee Ave

SARASOTA, FL 34243

  • 13 days on market
Pride in ownership really shows in this open and spacious floor plan that rests on a huge 1/2 acre lot in the coveted Ballentine Manor Estates. This home enjoys the esteem of being 'West of the Trail'. 4 bedrooms, 2.5 bath, huge heated pool with a resort style backyard. The home is fully remodeled with high-end finishes and designer touches. Terrazzo, Hardwood and Marble floors. A high-end gourmet kitchen is open to the rest of the living space. The kitchen includes stainless steel appliances, induction cooktop, granite counters, a large center island and a wet bar w/ mini fridge and lots of cabinet space. Master bedroom has a walk-in closet with custom built wood shelves. You will never want to leave your master bath with marble floors, double vanities, soaking tub and walk-in shower. Fourth bedroom can also be used as an office or family room with a fireplace and lots of windows to enjoy the great backyard that is completely fenced. Relax in 1 of a kind backyard oasis with a large heated pool, firepit, elevated sundeck with custom lighting. Feel like taking a walk? Only 3 homes from Sarasota's shimmering bay. Walk along the bay and enjoy the breathtaking sunsets. The list of improvements include NEW Roof (Apr 2023), NEW Water heater(2023), NEW pool pump (2023), NEW HVAC(2021), NEW Dishwasher(2021), decorative lighting, fan fixtures, exterior landscape lighting and ~520 sq. ft. garage converted to rec room with wall AC unit. All of this and No HOA, and NOT in a flood zone and plenty of room in the fenced and sodded backyard to play with family and pet, and store your boat/trailer. Located only minutes from SRQ airport with shopping and restaurants close by. Don't miss the opportunity to own this exceptional property with the potential for a lucrative BNB venture. This home grossed $202K in 2022, $183K in 2023 and $72k (YTD - Mid May 2024) in rental revenue. Will include furniture for an additional $25K.

Details

Property type

Single Family Residence

Est. home value

$819,369

Lot size

0.55 acres

Price per sq ft

$426

Year built

1963

Annual property taxes

$9,014

Price History

06/20/2024
StellarMLS

StellarMLS #O6216464

Listed
$999,000
+57.32%
05/03/2021
StellarMLS

StellarMLS #A4492913

Sold
$635,000
+397.26%
11/23/2010
StellarMLS

StellarMLS #A3932455

Sold
$127,700
-77.98%

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

$407,995
Asking price
$999,000
Closing costs (~8% of asking)
-$79,920
Est. remaining loan balance
-$511,085
Cash to seller
$407,995

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

$511,085

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: 07/03/2024 at 11:05 AM

Listing updated: 06/21/2024 at 6:53 AM

Listed by: Steven Koleno, BEYCOME OF FLORIDA LLC Phone #: (804) 656-5007

MLS: StellarMLS #O6216464

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