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$2,950,000

Beds
4
Baths
3.5
sq ft
2,862

503 Velasquez Dr, Osprey, FL 34229

503 Velasquez Dr

OSPREY, FL 34229

  • 57 days on market
    • Price drop $250,000↓
    • Open house Sep 22
Welcome to 503 Velasquez Drive, your Osprey Oasis and waterfront estate located on Blackburn Bay of the Intracoastal Waterway. This property offers an unparalleled view in its prime location overlooking the Bay, with stunning sunsets and quiet early morning reflection over the heated pool. The garden walk to the front door sets the tone for this impressive home, with its mature plant life and secluded walkway. Once inside, you'll find many 'extras', such as the gourmet range with pot-filler, wine refrigerator, and spacious kitchen island for the chef of the home. With an open floor plan boasting high ceilings and spacious living area, entertaining will be a joy. Step out back into the screened porch and enjoy a gathering with friends and family. Plenty of outdoor living and entertaining space, with dual patios and a private sandy beach area for launching water craft such as kayaks or paddle boards. For the boaters, there is a newly installed lift, and a fishing pier with a cleaning station. You can have it all with this gem! An attached two-car garage, and another detached one-car with room for an efficiency suite. Don't miss your opportunity to own your own piece of paradise!

Details

Property type

Single Family Residence

Est. home value

$2,830,299

Lot size

0.58 acres

Price per sq ft

$1,031

Year built

1979

Annual property taxes

$22,932.64

Monthly HOA fee

$7.08

Price History

07/30/2024
StellarMLS

StellarMLS #A4617786

Price change
$2,950,000
-7.81%
07/25/2024
StellarMLS

StellarMLS #A4617786

Listed
$3,200,000
+20.75%
03/24/2022
StellarMLS

StellarMLS #A4522764

Sold
$2,650,000
+76.67%

Schools & Community

Elementary school: 

Laurel Nokomis Elementary

Middle school: 

Sarasota Middle

High school: 

Venice Senior 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

$693,993
Asking price
$2,950,000
Closing costs (~8% of asking)
-$236,000
Est. remaining loan balance
-$2,020,007
Cash to seller
$693,993

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

Seller’s Loan History

Lender

Movement Mortgage

Loan start date

March 2022

Original loan amount

$2,120,000

Est. remaining balance

$2,020,007

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Michael Dwyer Kelly

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: 09/19/2024 at 10:35 PM

Listing updated: 09/15/2024 at 4:20 PM

Listed by: Krista Eash, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #A4617786

StellarMLS logo

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