tomo logo

$775,000

Beds
2
Baths
2.0
sq ft
1,312

4500 Gulf of Mexico Dr Unit PH4, Longboat Key, FL 34228

4500 Gulf of Mexico Dr Unit PH4

LONGBOAT KEY, FL 34228

  • Pending
Welcome to your slice of paradise on Longboat Key, where this charming 2 bedroom, 2 bathroom penthouse condo offers breathtaking views of Sarasota Bay from almost every room.Upon entering, you'll be captivated by the spacious layout and the natural light that floods through the expansive windows. The kitchen, overlooking the family room, is perfect for both casual dining and entertaining, with a seamless flow that enhances the open-plan design. The master bedroom boasts two closets, one being a walk-in closet, ensuring ample storage space. This condo is not only about interior charm; it also offers a lifestyle of leisure and relaxation. The building features an elevator for easy access, ensuring convenience for all residents. Enjoy the terrific amenities including 2 community pools, tennis courts, shuffleboard, and access to 2 marinas. Kayak enthusiasts will appreciate the community kayak racks, while boaters will find convenience with boat slips available on a first come, first serve basis. For those looking for a turnkey option, the seller is willing to negotiate a furnished sale on a separate bill of sale, making the transition effortless. Moreover, peace of mind is assured as all SPECIAL ASSESSMENTS have been PAID IN FULL, allowing you to focus solely on enjoying the unparalleled waterfront lifestyle. Don't miss your opportunity to see this beautifully maintained, move-in ready condo!

Details

Property type

Condominium

Est. home value

$806,916

Lot size

Unknown

Price per sq ft

$591

Year built

1975

Annual property taxes

$9,840

HOA fee

$1,303

Price History

07/24/2024
StellarMLS

StellarMLS #A4616361

Pending
$775,000
07/08/2024
StellarMLS

StellarMLS #A4616361

Listed
$775,000
-2.52%
07/02/2024
StellarMLS

StellarMLS #A4593777

Removed
$795,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Pool, Tennis Court(s)

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

$199,316
Asking price
$775,000
Closing costs (~8% of asking)
-$62,000
Est. remaining loan balance
-$513,684
Cash to seller
$199,316

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

Seller’s Loan History

Lender

Novus Home Mortgage

Loan start date

September 2021

Original loan amount

$548,250

Est. remaining balance

$513,684

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Stephanie R Cone and Donald J Cone

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: Pending/Under Contract

Tomo last checked: 07/25/2024 at 12:00 AM

Listing updated: 07/23/2024 at 8:48 PM

Listed by: Julie Franklin, FINE PROPERTIES Phone #: (941) 782-0000

MLS: StellarMLS #A4616361

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