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$383,803Estimated home value

Beds
3
Baths
2.0
sq ft
1,282

5023 81st Avenue Ter E, Sarasota, FL 34243

5023 81st Avenue Ter E

SARASOTA, FL 34243

  • Sold On 9/3/2024
    • Price drop $10,000↓
Located in highly sought after Country Oaks, this beautiful home has so much charm and is awaiting its new owner! Upon entering, you will be greeted with soaring ceilings and lots of light. The split floorplan gives everyone privacy. An open kitchen showcases views of the wood burning fireplace and expansive fenced in back yard. No detail has been left out! Updates include NEW roof, NEW AC, NEW hot water heater, luxury vinyl plank flooring, granite counter tops, beautiful white cabinets that complement the cool neutral color palette of the home, and a whole house water filter as well as a Reverse Osmosis water system. Situated on a corner lot near a cul-de-sac, it is quiet and peaceful. The neighborhood of Country Oaks has low HOA fees of just $80/quarter. Included with that fee is access to the community pool, tennis courts, and many walking trails surrounding the neighborhood. With proximity to the airport, UTC shops and restaurants, and a quick 25-minute drive to the beaches, this location can’t be beat!

Details

Property type

Single Family Residence

Est. home value

$383,803

Lot size

0.26 acres

Price per sq ft

$335

Year built

1986

Annual property taxes

$3,660

Monthly HOA fee

$26.67

Price History

08/30/2024
StellarMLS

StellarMLS #A4615674

Sold
$405,000
-5.59%
07/22/2024
StellarMLS

StellarMLS #A4615674

Pending
$429,000
07/19/2024
StellarMLS

StellarMLS #A4615674

Price change
$429,000
-2.28%

Schools & Community

Elementary school: 

Kinnan Elementary

Middle school: 

Braden River Middle

High school: 

Braden River High

Community features: 

Pool, Sidewalks, 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

$139,919
Asking price
$429,000
Closing costs (~8% of asking)
-$34,320
Est. remaining loan balance
-$254,761
Cash to seller
$139,919

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

Seller’s Loan History

Lender

Michigan Mutual Inc

Loan start date

January 2021

Original loan amount

$277,874

Est. remaining balance

$254,761

Interest rate

2.72%

Loan type

FHA, 30 year

Seller

Cyrus Scott and Kelsey Mabes

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: Off Market

Tomo last checked: 10/04/2024 at 8:00 PM

Listing updated: 09/03/2024 at 10:59 PM

Listed by: Jennifer Ford, HORIZON REALTY INTERNATIONAL Phone #: (941) 238-0953

MLS: StellarMLS #A4615674

StellarMLS logo

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