tomo logo

$240,000

Beds
2
Baths
2.0
sq ft
1,167

3980 Mediterranea Cir Unit 522, Sarasota, FL 34233

3980 Mediterranea Cir Unit 522

SARASOTA, FL 34233

  • 35 days on market
    • Price drop $14,900↓
PRICE Just Lowered by $14,900.00 Charming 2BR/2BA Condo in Prime Location with Modern Upgrades!- This meticulously maintained 2nd-floor condo offers a spacious and bright living experience, featuring soaring 14-foot cathedral ceilings in the main living area and over 9'4" ceilings in the large master bedroom. Enjoy peace of mind with no popcorn ceilings and modern updates throughout, including a 2024 microwave, a new dishwasher and dryer (2023), and a replaced condenser in the HVAC (2024). The southern rear exposure floods the open floor plan with natural light. Perfect for full-time living and seasonal rentals, this unit allows for a minimum 1-month lease twice a year, with annual rentals also permitted. This condo offers unparalleled convenience, located just outside the gates of a vibrant plaza with restaurants, shops, and services, including The Original Egg, Oak and Stone, and Tsunami Sushi. Siesta Key Beach is just 10 minutes away, and I-75 is a short drive for easy access to UTC Mall and Tampa/St. Pete. Built-in 2005 with hurricane codes in mind, this Mediterranean-style condo features concrete block construction from the ground up, providing enhanced safety. Enjoy the benefits of living in a gated community with a heated pool in a lush, tropical setting. Water and sewer are included in the reasonable quarterly condo fee, roof is scheduled to be replaced in 2028 and all monies are already in the condos budget with no assesments needed to cover. Don’t miss out on this fantastic opportunity to own in a prime Sarasota location with low fees and no anticipated special assessments. Schedule a showing today!

Details

Property type

Condominium

Est. home value

$418,070

Lot size

4.24 acres

Price per sq ft

$206

Year built

2005

Annual property taxes

$3,013.51

HOA

Yes

Price History

01/21/2025
StellarMLS

StellarMLS #A4636057

Price change
$240,000
-5.85%
01/18/2025
StellarMLS

StellarMLS #A4636057

Listed
$254,900
-8.47%
04/14/2023
StellarMLS

StellarMLS #A4560117

Sold
$278,500
+96.13%

Schools & Community

Neighborhood: 

South Gate Ridge

Elementary school: 

Ashton Elementary

Middle school: 

Sarasota Middle

High school: 

Pine View School

Community features: 

Gated, Pool

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

-$112,039
Asking price
$240,000
Closing costs (~8% of asking)
-$19,200
Est. remaining loan balance
-$332,839
Cash to seller
-$112,039

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

Seller’s Loan History

Lender

Fifth Third Bank Na

Loan start date

April 2023

Original loan amount

$340,000

Est. remaining balance

$332,839

Interest rate

6.5%

Loan type

New Conventional, 30 year

Seller

Mark Giangrande and Abigail Loughran

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: 02/22/2025 at 12:55 PM

Listing updated: 02/16/2025 at 2:09 PM

Listed by: Chris Leppert, ELLERMETS REALTY, INC Phone #: (941) 907-8250

MLS: StellarMLS #A4636057

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