tomo logo

$525,000

Beds
2
Baths
2.0
sq ft
1,385

358 Suwanee Ave, Sarasota, FL 34243

358 Suwanee Ave

SARASOTA, FL 34243

  • 26 days on market
One or more photo(s) has been virtually staged. Located West of the Trail in beautiful Sarasota Florida. Welcome to the perfect investment opportunity just steps away from the sparkling Sarasota Bay. Featuring a new roof, this charming two bedroom, two bathroom home sits on an oversized .44 acre lot, offering ample space for expansion, or any dream project you envision. Turn the bonus room into a study, sitting room, gym or whatever else suits your needs. This property is located outside of the flood zone and allows for short term rentals. The travertine floors throughout have been professionally cleaned and resealed. Built to withstand the test of time, travertine floors are renowned for their durability and resilience. The two car plus tandem garage allows for extra space whether that be a golf cart, storage or parking for Florida toys. Whitfield Estates Ballentine Manor is a voluntary Association with no CDD or monthly HOA fee. For only $30 a year you can enjoy a culinary membership at the SaraBay Country Club. Are you a boater? The SaraBay Marina is less than two miles North offering boat slips and dry dock storage. Ballentine Manor is a desired neighborhood conveniently located between downtown Bradenton and downtown Sarasota, and close proximity to Sarasota Airport, restaurants, shops, St Armand's Circle and world famous beaches! Turn this blank canvas into your customized dream home! Embrace the chance to reimagine and renovate this home to your desired specifications. Schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$412,294

Lot size

0.44 acres

Price per sq ft

$380

Year built

1972

Annual property taxes

$3,569

Monthly HOA fee

$2.5

Price History

06/07/2024
StellarMLS

StellarMLS #A4612858

Listed
$525,000
+336.77%
05/10/2011
StellarMLS

StellarMLS #A3935931

Sold
$120,200
-52.86%
04/19/2007
StellarMLS

StellarMLS #M551179

Sold
$255,000

Schools & Community

Neighborhood: 

Whitfield

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Park

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

$380,141
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$102,859
Cash to seller
$380,141

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

Seller’s Loan History

Lender

Bank Of America Na

Loan start date

October 2014

Original loan amount

$129,000

Est. remaining balance

$102,859

Interest rate

4.12%

Loan type

VA, 30 year

Seller

Melvin Francis Petty Jr

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 10:30 AM

Listing updated: 06/10/2024 at 9:45 AM

Listed by: Jessie Bonner, SARABAY REAL ESTATE INC Phone #: (941) 355-7696

MLS: StellarMLS #A4612858

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