tomo logo

$325,900

Beds
2
Baths
2.0
sq ft
1,065

5227 Lake Village Dr Unit 25, Sarasota, FL 34235

5227 Lake Village Dr Unit 25

SARASOTA, FL 34235

  • 63 days on market
FIRST FLOOR, END UNIT, LAKE VIEW, smoke-free, 2 Bed/ 2 attached bath, 1060 sq.ft. condo, located in Sarasota’s desirable community, The Meadows. This updated and bright end unit offers privacy and ease. The lanai and primary bedroom look out to a beautiful lake with serene sunset views and frequent roaming wildlife. Remodeled white kitchen with soft close cabinets and drawers, granite countertops, brand new HVAC system installed 2021, new microwave and dishwasher 2021, new refrigerator 2023. Newer laminate hardwood flooring, washer/dryer, bathroom vanities, light fixtures, toilets and paint throughout. Other improvements made in 2021 or after including brand new doorknobs on all doors, lanai ceiling fan installed 2022, handheld shower head in primary, safety bar with both showers, upgraded lanai door handle installed, 10-year carbon monoxide/fire detectors installed 2023., new light fixtures in kitchen, dining and bathrooms. Assigned parking spot in front of unit with additional guests' spots. Large, heated pool a short walk away. A wonderful place to live or rent. Exceptional rental capability with off season rates fetching $2300 and high season rates $3800.

Details

Property type

Condominium

Est. home value

$303,752

Lot size

Unknown

Price per sq ft

$307

Year built

1983

Annual property taxes

$3,405.41

Monthly HOA fee

$72.08

Price History

05/01/2024
StellarMLS

StellarMLS #A4609022

Listed
$325,900
+68.08%
04/08/2021
StellarMLS

StellarMLS #A4492882

Sold
$193,900
+45.79%
01/30/2017
StellarMLS

StellarMLS #A4154923

Sold
$133,000

Schools & Community

Neighborhood: 

The Meadows

Elementary school: 

Gocio Elementary

Middle school: 

Booker Middle

High school: 

Booker High

Community features: 

Clubhouse, Fitness Center, Golf, 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

$162,697
Asking price
$325,900
Closing costs (~8% of asking)
-$26,072
Est. remaining loan balance
-$137,131
Cash to seller
$162,697

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

Seller’s Loan History

Lender

Guaranteed Rate Inc

Loan start date

April 2021

Original loan amount

$147,510

Est. remaining balance

$137,131

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Marcella B Daley and Amanda Elizabeth Daley

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: 07/03/2024 at 9:55 AM

Listing updated: 05/12/2024 at 1:21 PM

Listed by: Kenneth Cowles, REALTY SERVICES INC Phone #: (941) 954-4443

MLS: StellarMLS #A4609022

StellarMLS logo

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