tomo logo

$349,000

Beds
3
Baths
2.0
sq ft
1,566

5190 Lancewood Dr Unit 16, Sarasota, FL 34232

5190 Lancewood Dr Unit 16

SARASOTA, FL 34232

  • 277 days on market
    • Price drop $15,900↓
RENOVATED END VILLA WITH TREED PRIVACY! A brand-new front and back deck surround this lovely 3 bedroom, 2 bath one-level home. It offers an open floor plan with over 1500 square feet that is move-in ready. Stylish updates include high-gloss tiled flooring and both baths have been redesigned and fixtures replaced. There is a beautiful, modern eat-in kitchen improved with recessed lighting. Sleek white cabinetry has been extended to include a large built-in pantry with above display space. A tiled backsplash compliments the gorgeous granite counter tops and a breakfast bar. The brand name, stainless steel appliances remain. Sliding glass doors access the front deck for an al fresco dining experience. It also overlooks the formal dining room with an attached covered and screened lanai. Vaulted ceilings with a visually appealing beam and clerestory windows enhance the spaciousness of the main living area with a glass sliding door to the back deck. The primary suite also opens to the back deck and has tree-lined views plus a vaulted ceiling. There is accessibility to the elevated storage attic as well. The en suite bath with double walk-ins has an upgraded free-standing furniture piece with a solid surface vanity. Together with an oversized walk-in shower. The guest bath has been remodeled to match. At the front of the home are two more bedrooms and a well-appointed laundry room with a washer and dryer. Several sets of sliding glass doors throughout take advantage of the new front and back decks. As a bonus there is a 1-car carport with extra storage. Aptly named, residents of Arboreal reside beneath a mature canopy of trees. The hidden gem of a community has only thirty townhomes and villas. It has amenities that include tennis courts, a pool, and an equipped clubhouse for enjoyment. The coveted central Sarasota location is close to county-maintained parks, a myriad of shopping and dining options, as well as a short drive to downtown or area beaches. In addition, I75 is nearby for easy commuting north or south. Bedroom Closet Type: Walk-in Closet (Primary Bedroom).

Details

Property type

Single Family Residence

Est. home value

$326,362

Lot size

Unknown

Price per sq ft

$223

Year built

1982

Annual property taxes

$1,706.54

HOA

No

Price History

08/15/2024
StellarMLS

StellarMLS #A4597745

Price change
$349,000
-4.36%
06/12/2024
StellarMLS

StellarMLS #A4597745

Price change
$364,900
-3.72%
05/17/2024
StellarMLS

StellarMLS #A4597745

Price change
$379,000
-5.25%

Schools & Community

Neighborhood: 

Sarasota Springs

Elementary school: 

Brentwood Elementary

Middle school: 

McIntosh Middle

High school: 

Sarasota High

Community features: 

Clubhouse, Fitness Center, Park, Playground, Pool, Restaurant, 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

$219,323
Asking price
$349,000
Closing costs (~8% of asking)
-$27,920
Est. remaining loan balance
-$101,757
Cash to seller
$219,323

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

Seller’s Loan History

Lender

Fifth Third Mortgage Co

Loan start date

August 2016

Original loan amount

$124,000

Est. remaining balance

$101,757

Interest rate

3.54%

Loan type

New Conventional, 30 year

Seller

Michael P Sharp and Debby A Sharp

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: 11/17/2024 at 1:35 AM

Listing updated: 10/16/2024 at 12:04 PM

Listed by: Candy Swick, CANDY SWICK & COMPANY Phone #: (941) 954-9000

MLS: StellarMLS #A4597745

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