tomo logo

$599,000

Beds
5
Baths
3.0
sq ft
2,917

3831 E Forest Lake Dr, Sarasota, FL 34232

3831 E Forest Lake Dr

SARASOTA, FL 34232

  • 421 days on market
    • Price drop $25,000↓
Being sold for lot value only! Your chance to own 0.76 acres in the highly-sought after community of Old Forest Lakes has arrived. West of I-75 and located in the heart of Sarasota, this property sits waiting for your personal touch. This huge lot gives you plenty of space to add a pool/spa and create a backyard oasis suited to your liking. There is ample space for all the boat and R/V toys and a fenced area to store them in. With 5 bedrooms and 3 full bathrooms, there is enough room for everyone to have their own space. This house has the potential to have both a double master, AND an additional in-law suite. You can also use the bonus space for storage, an office, or extra living space. Expand on what's already there and complete the renovations needed, or start fresh and build your own custom dream home. Less than 5 miles from one of the top ranked beaches in the country, Siesta Key. Additionally, the legacy trail in only minutes away. Downtown Sarasota, St. Armands, other area beaches, and all the major shopping and restaurant hubs in Sarasota are also only a short drive away. Don't miss this opportunity to own this gem of a property in the beautiful Old Forest Lakes community.

Details

Property type

Single Family Residence

Est. home value

$823,668

Property condition

Fixer

Lot size

0.76 acres

Price per sq ft

$206

Year built

1954

Annual property taxes

$2,687

Monthly HOA fee

$20.83

Price History

06/15/2024
StellarMLS

StellarMLS #A4577807

Price change
$599,000
-4.01%
06/12/2024
StellarMLS

StellarMLS #A4577807

Listed
$624,000
06/05/2024
StellarMLS

StellarMLS #A4577807

Pending
$624,000

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

Wachovia Bank Na

Loan start date

July 2004

Original loan amount

$195,000

Est. remaining balance

Not provided

Interest rate

4%

Loan type

Credit Line (Revolving), 40 year

Seller

Victor P Ticola and Margaret K Ticola

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: 09/20/2024 at 2:40 PM

Listing updated: 08/08/2024 at 11:45 AM

Listed by: Shana Hamel, PLLC, COMPASS FLORIDA LLC Phone #: (941) 265-7692

MLS: StellarMLS #A4577807

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