tomo logo

$399,000

Beds
3
Baths
2.0
sq ft
2,045

4480 Cinnamon Dr Unit 2408, Sarasota, FL 34238

4480 Cinnamon Dr Unit 2408

SARASOTA, FL 34238

  • <1 day on market
2,045 SPACIOUS SQFT LIVING AREA in this light, bright 3 BED / 2 BATH / 2 CAR GARAGE COACH HOME featuring LARGE SCREENED LANAI w/ PRIVATE NATURE PRESERVE VIEWS in the ARIELLE enclave in the heart of PALMER RANCH. All furnishings and housewares may be purchased separately at a very reasonable price if desired so bring your toothbrush and start enjoying Sarasota today. This home is perfect for buyers wishing to spend under 400k but desiring a SPACIOUS HOME in Sarasota which make this a unique and RARE FIND. All the living area is located on one floor. There is a large dining room – living area combo that is perfect for entertaining which opens to a large, screened lanai via sliding glass doors which allows light to fill the space. The kitchen has a large eat-in area that could also be used as a DEN/FLEX space as it is currently arranged. The spacious primary suite has sliders to the lanai, 2 walk in closets, dual sinks, and a garden tub with separate shower. The other 2 bedrooms are located at the front of the unit with one guest room having an ensuite bathroom. Residents of Arielle enjoy use of a nice HEATED POOL AND SPA w/ cabana and gas grills. This warm and inviting neighborhood is deed restricted and maintenance-free so just lock and leave and keep life simple. Low condo fee of just $647/mo covers insurance, exterior and grounds maintenance, water/sewer, cable, pool, and professional management. Located near Publix, Costco, A-Rated schools, YMCA, Legacy Bike Trail, Siesta Key beaches, Downtown Sarasota and Historic Venice Mainstreet. This one is AN ABSOLUTE MUST SEE!

Details

Property type

Condominium

Est. home value

$461,471

Lot size

Unknown

Price per sq ft

$196

Year built

2005

Annual property taxes

$4,443

HOA

Yes

Price History

03/12/2025
StellarMLS

StellarMLS #A4643765

Listed
$399,000
-7.21%
12/03/2021
StellarMLS

StellarMLS #A4513770

Sold
$430,000
+117.72%
05/12/2010
StellarMLS

StellarMLS #A342911

Sold
$197,500

Schools & Community

Elementary school: 

Gulf Gate Elementary

Middle school: 

Sarasota Middle

High school: 

Riverview High

Community features: 

Pool, Sidewalks

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

$7,207
Asking price
$399,000
Closing costs (~8% of asking)
-$31,920
Est. remaining loan balance
-$359,873
Cash to seller
$7,207

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

Seller’s Loan History

Lender

Sun West Mortgage Company Inc

Loan start date

November 2021

Original loan amount

$387,000

Est. remaining balance

$359,873

Interest rate

3.01%

Loan type

New Conventional, 30 year

Seller

Brian Wade and Celia Canes

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: 03/13/2025 at 4:40 AM

Listing updated: 03/12/2025 at 7:51 PM

Listed by: John Fevrier, RE/MAX ALLIANCE GROUP Phone #: (941) 954-5454

MLS: StellarMLS #A4643765

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