tomo logo

$649,978

Beds
3
Baths
2.0
sq ft
1,714

5116 Timber Chase Way, Sarasota, FL 34238

5116 Timber Chase Way

SARASOTA, FL 34238

  • 16 days on market
    • Price drop $100,020↓
Looking out across the pool, the SW rear exposure provides amazing unobstructed lake sunset views from pool lanai, living room, kitchen nook and Owner's suite. This fully renovated home includes structural changes to allow for the spacious open floorplan of living & kitchen areas; high quality laminate flooring resembling wood throughout with 3 large bedrooms, new plumbing, high-end quartz countertop and custom built-in cabinets. All appliances have been replaced. Custom barn doors, window/slider treatments and wood shelving in all closets. Updated electrical & updated to tankless water heater. New HVAC system, home security system, new water closets, entire interior and exterior have been painted. Gutters surround the entire home plus leaf guards. Outdoor drainage system installed. Upgraded pool to a refreshing salt system pool. Pool cage rescreened plus frame screws replaced. Also, everything that has been selected is green certified, and the home has been maintained with a non-toxic priority. This Seller has prepared a detailed list of the home updates, manuals and service contacts. Every attention to detail has caught the eye of this proud homeowner. This beautiful immaculate residence is located on a quiet cul-de-sac lakefront lot in the desirable Turtle Rock gated Community in South Sarasota. A must see!

Details

Property type

Single Family Residence

Est. home value

$632,339

Lot size

7,998 sq ft

Price per sq ft

$380

Year built

1996

Annual property taxes

$3,869

Monthly HOA fee

$91.67

Price History

02/19/2025
StellarMLS

StellarMLS #A4639249

Price change
$649,978
-13.34%
02/13/2025
StellarMLS

StellarMLS #A4639249

Price change
$749,998
02/06/2025
StellarMLS

StellarMLS #A4639249

Listed
$749,999
+92.8%

Schools & Community

Elementary school: 

Ashton Elementary

Middle school: 

Sarasota Middle

High school: 

Riverview High

Community features: 

Gated, Playground, Pool, Sidewalks, Tennis Court(s)

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

1St Chicago N B D Mtg Co

Loan start date

January 1999

Original loan amount

$60,000

Est. remaining balance

Not provided

Interest rate

6.78%

Loan type

Not Provided

Seller

Stephen Rhodes and Wendy L Peddie

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: 02/23/2025 at 12:05 PM

Listing updated: 02/19/2025 at 1:12 PM

Listed by: Phyllis Garfinkel, MICHAEL SAUNDERS & COMPANY Phone #: (941) 951-6660

MLS: StellarMLS #A4639249

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