tomo logo

$1,100,000

Beds
5
Baths
4.0
sq ft
2,524

4122 N Lockwood Ridge Rd, Sarasota, FL 34234

4122 N Lockwood Ridge Rd

SARASOTA, FL 34234

  • 6 days on market
Unique opportunity - The entire property consists of two separate single family homes that have the potential to have a combined gross rent of up to $4,000 a month. The homes are sold "As is" yet livable and rentable. The property consists of 2.1 acres with the potential to add additional homes and or subdivide the property. The location is convenient as it is close to downtown Sarasota, International Airport and UTC Mall. This could be an ideal situation for someone looking for a family compound with multiple homes or for development with income in place This property is dually-listed under Stellar MLS A4580531

Details

Property type

Single Family Residence

Est. home value

$401,695

Property condition

Fixer

Lot size

2.0 acres

Price per sq ft

$436

Year built

1949

Annual property taxes

$6,427.73

HOA

No

Price History

01/16/2025
StellarMLS

StellarMLS #A4636364

Listed
$1,100,000
+16.4%
12/18/2024
StellarMLS

StellarMLS #A4533057

Removed
$945,000
07/11/2024
StellarMLS

StellarMLS #A4533057

Price change
$945,000
-5.03%

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

$826,495
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$185,505
Cash to seller
$826,495

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

$185,505

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?

Status: Active

Tomo last checked: 01/21/2025 at 8:20 PM

Listing updated: 01/17/2025 at 6:54 AM

Listed by: Troy Funk, REALTY ONE GROUP SUNSHINE Phone #: (727) 293-5100

MLS: StellarMLS #A4636364

StellarMLS logo

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