tomo logo

$880,000

Beds
3
Baths
3.0
sq ft
2,577

4517 N Lake Dr, Sarasota, FL 34232

4517 N Lake Dr

SARASOTA, FL 34232

  • 12 days on market
Be prepared to be amazed from the moment you enter this fabulous home! You will realize that this is not just a house, but a tranquil sanctuary where life's stresses can be left at the door! The expansive great room/dining/kitchen is truly the 'heart of the home' presenting the perfect setting for family and friends to gather. A gas fireplace adds a cozy touch on our chilly winter nights. The spacious owner's suite provides the perfect private retreat! Two roomy bedrooms and bath provide plenty of room for guests or family! Sun worshippers will bask in the sunshine poolside with a huge lanai for outdoor entertaining! Completely upgraded in cool calming hues and high end finishes, this home is move in ready. The furnishings are also available should you wish to invest in an income producing property or just simply leave your old furnishings behind! This home was a safe haven as well during our active 2024 hurricane season...solidly built and high and dry with hurricane shutters for added protection.

Details

Property type

Single Family Residence

Est. home value

$730,801

Lot size

0.35 acres

Price per sq ft

$342

Year built

1962

Annual property taxes

$6,820.25

Monthly HOA fee

$5.83

Price History

01/29/2025
StellarMLS

StellarMLS #A4637952

Listed
$880,000
+46.67%
08/31/2021
StellarMLS

StellarMLS #A4506979

Sold
$600,000
+87.5%
05/01/2015
StellarMLS

StellarMLS #A4111618

Sold
$320,000

Schools & Community

Neighborhood: 

Fruitville

Elementary school: 

Fruitville Elementary

Middle school: 

McIntosh Middle

High school: 

Sarasota High

Community features: 

None

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

$421,257
Asking price
$880,000
Closing costs (~8% of asking)
-$70,400
Est. remaining loan balance
-$388,343
Cash to seller
$421,257

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

Seller’s Loan History

Lender

Academy Mortgage Corp

Loan start date

August 2021

Original loan amount

$420,000

Est. remaining balance

$388,343

Interest rate

2.88%

Loan type

New Conventional, 30 year

Seller

Frank L Mcdermott and Debra L Mcdermott

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: 02/11/2025 at 3:15 AM

Listing updated: 02/01/2025 at 4:10 PM

Listed by: Janice Politz, COLDWELL BANKER REALTY Phone #: (941) 388-3966

MLS: StellarMLS #A4637952

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