tomo logo

$599,999

Beds
3
Baths
2.0
sq ft
2,045

5416 Downham Mdw, Sarasota, FL 34235

5416 Downham Mdw

SARASOTA, FL 34235

  • 133 days on market
    • Price drop $25,001↓
Are you ready to indulge in world-class shopping and dining at UTC, while also enjoying a variety of outdoor activities just blocks from your doorstep? Look no further than this charming 3 bedroom, 2 bath Meadows pool home. This lovely ranch-style home is nestled on a spacious corner lot that spans almost half an acre, providing ample space and privacy. The circular driveway offers convenient parking for you and your guests. With a little bit of your personal touch and some updating, this home has the potential to be truly spectacular. The brand-new tile roof was just completed in April 2024, and the kitchen and primary bathroom were updated 6-7 years ago, featuring beautiful bamboo flooring. The interior has been freshly painted, and new carpet and luxury vinyl plank flooring were installed in July 2024. The third bedroom even boasts a built-in Murphy bed, adding versatility to the space. Whether you're looking for a forever home, a seasonal retreat, or a rental property, this home offers endless possibilities. The Meadows community provides fitness trails, a community pool, a fitness center, and optional golf, tennis, pickleball, and social memberships. The unbeatable combination of location and amenities make this property a true gem. Don't miss out on the opportunity to make this Meadows beauty your new address. Schedule your showing today and start envisioning the possibilities for this wonderful home.

Details

Property type

Single Family Residence

Est. home value

$640,876

Lot size

0.48 acres

Price per sq ft

$294

Year built

1992

Annual property taxes

$2,981.11

Monthly HOA fee

$116.2

Price History

08/20/2024
StellarMLS

StellarMLS #A4610004

Price change
$599,999
-4%
07/18/2024
StellarMLS

StellarMLS #A4610004

Price change
$625,000
-3.85%
07/10/2024
StellarMLS

StellarMLS #A4610004

Listed
$650,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Fitness Center, Golf, 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

$414,952
Asking price
$599,999
Closing costs (~8% of asking)
-$48,000
Est. remaining loan balance
-$137,047
Cash to seller
$414,952

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

Seller’s Loan History

Lender

Sunbelt Lending Services Inc

Loan start date

July 2012

Original loan amount

$189,600

Est. remaining balance

$137,047

Interest rate

3.78%

Loan type

New Conventional, 30 year

Seller

John S Tumlin and Terri M Tumlin

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 11:50 AM

Listing updated: 09/14/2024 at 4:08 PM

Listed by: Cathy Watson, FINE PROPERTIES Phone #: (941) 782-0000

MLS: StellarMLS #A4610004

StellarMLS logo

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