tomo logo

$720,000

Beds
2
Baths
2.0
sq ft
1,396

505 Sally Lee Dr, Ellenton, FL 34222

505 Sally Lee Dr

ELLENTON, FL 34222

  • 15 days on market
Absolutely Stunning Key West Style Home, with Water Access to the Manatee River! Dive into the ultimate Florida lifestyle with this charming, remodeled home offering direct access to a saltwater canal just a few feet from the Manatee River, and only ten miles to the Gulf Coast. Whether you’re jumping into the pool, relaxing on the expansive wrap-around porch, enjoying a book by the fireplace, or taking your boat out for a day on the water, this home has it all!The property owners have invested well over $100,000 into renovations and updates over the past 10 years, showcasing attention to detail and care.Key Features and Updates Include:Open Floor Plan: Skylights, windows, and sliders flood the home with natural light, creating a bright and airy ambiance.Pool Installation (2016): Enjoy a sparkling pool with a paver driveway, enhanced landscaping, and an irrigation system.Rebuilt Porch (2018): A stunning wrap-around porch to enjoy the serene surroundings.New AC and Water Heater (2020): Ensuring comfort and energy efficiency. New Roof, insolation and Pool Pump (2024): Providing peace of mind for years to come.No HOA or Deed Restrictions! This property offers freedom and flexibility, perfect for those who value independence.Location Highlights:Direct access to a saltwater canal leading to the Manatee River, ideal for boating enthusiasts.Just 10 miles to the Gulf Coast, where pristine beaches and endless adventures await.Don’t miss the opportunity to own this captivating home brimming with character and modern updates. Schedule a private showing today before it’s gone! See seller's disclosure for a full list of updates.

Details

Property type

Single Family Residence

Est. home value

$622,660

Lot size

0.32 acres

Price per sq ft

$516

Year built

1992

Annual property taxes

$6,923.47

HOA

No

Price History

01/08/2025
StellarMLS

StellarMLS #O6269547

Listed
$720,000
+10.77%
08/12/2022
StellarMLS

StellarMLS #U8169152

Sold
$650,000
+124.14%
07/30/2015
StellarMLS

StellarMLS #A4112955

Sold
$290,000
+123.25%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$64,694
Asking price
$720,000
Closing costs (~8% of asking)
-$57,600
Est. remaining loan balance
-$597,706
Cash to seller
$64,694

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

Seller’s Loan History

Lender

United Wholesale Mortgage

Loan start date

August 2022

Original loan amount

$617,500

Est. remaining balance

$597,706

Interest rate

5.81%

Loan type

New Conventional, 30 year

Seller

Juan Carlos Archila and Margarita Maria Archila

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: 01/22/2025 at 10:25 PM

Listing updated: 01/13/2025 at 2:06 PM

Listed by: Mario Archila, EMPIRE NETWORK REALTY Phone #: (407) 440-3798

MLS: StellarMLS #O6269547

StellarMLS logo

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