tomo logo

$995,000

Beds
5
Baths
2.0
sq ft
1,589

4122 N Lockwood Ridge Rd, Sarasota, FL 34234

4122 N Lockwood Ridge Rd

SARASOTA, FL 34234

  • 798 days on market
Opportunity Awaits - 2+/- Acre parcel with two separate, residential, income producing homes currently on site. The potential exists to use the land for development of multiple residences for resale, rental income, vacation rentals, a grand estate, a family compound to build several homes or ideal for 1031 Exchange to hold for future appreciation and potential. Excellent location with close proximity to downtown Sarasota, UTC Mall, SRQ International Airport with less than 20-30 minutes to the beaches. To define the location, the two existing homes currently are located at the corner of Lockwood Ridge and 42nd St., From 42nd Street the property runs contiguous behind the residences on 42nd Street and borders the back of NE County Fire Station, which is defined as a large wooded field with mature landscaping.

Details

Property type

Single Family Residence

Est. home value

$401,695

Lot size

2.0 acres

Price per sq ft

$627

Year built

1949

Annual property taxes

$4,484

Price History

04/26/2022
StellarMLS

StellarMLS #A4533057

Listed
$995,000

Schools & Community

Neighborhood: 

Desoto Lakes

Elementary school: 

Gocio Elementary

Middle school: 

Booker Middle

High school: 

Booker High

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

$727,275
Asking price
$995,000
Closing costs (~8% of asking)
-$79,600
Est. remaining loan balance
-$188,125
Cash to seller
$727,275

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

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

January 2020

Original loan amount

$206,250

Est. remaining balance

$188,125

Interest rate

3.66%

Loan type

New Conventional, 30 year

Seller

Shefall Shah

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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Price drop
StellarMLS
$995,000
2 bd
|
1 ba
|
1,030 sq ft
|
House

2305 Mango Ave, Sarasota, FL 34234

Status: Active

Tomo last checked: 07/03/2024 at 10:40 AM

Listing updated: 04/17/2024 at 5:42 PM

Listed by: Troy Funk, REALTY ONE GROUP SKYLINE Phone #: (941) 302-1322

MLS: StellarMLS #A4533057

StellarMLS logo

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