tomo logo

$1,150,000

Beds
3
Baths
2.5
sq ft
2,712

5490 11th St, Sarasota, FL 34232

5490 11th St

SARASOTA, FL 34232

  • 105 days on market
    • Price drop $350,000↓
LIST PRICE IS UNDER APPRAISED VALUE. (Willing to provide appraisal report upon request). No damage from hurricanes!!! Welcome to this modern luxury private gated estate situated on a sprawling 1-acre lot with no HOA or deed restrictions. This stunning 3 bedroom plus office/den, 2.5 bathroom home features a 2-car garage, with one space converted into a man cave complete with a golf simulator. The property boasts two tankless water heaters, an iWiFi operated Lift Master commercial gate, Bosch appliances, hurricane windows and doors, a security system, bamboo flooring, slow close cabinets and quartz countertops throughout. The custom walk-in closets, two EV chargers, and 14ft ceilings are just a few of the luxurious touches that make this home truly special. Additionally, the house features an entire house built-in vacuuming system and granite sink in the garage. You can expand property to build mother in law house / pool house! Don't miss your chance to own this exceptional property!

Details

Property type

Single Family Residence

Est. home value

$1,029,489

Lot size

0.97 acres

Price per sq ft

$425

Year built

2016

Annual property taxes

$8,945

HOA

No

Price History

11/19/2024
StellarMLS

StellarMLS #A4619101

Price change
$1,150,000
-23.33%
11/17/2024
StellarMLS

StellarMLS #A4619101

Price change
$1,500,000
+27.77%
10/17/2024
StellarMLS

StellarMLS #A4619101

Price change
$1,174,000
-2.17%

Schools & Community

Neighborhood: 

Fruitville

Elementary school: 

Gocio Elementary

Middle school: 

Booker Middle

High school: 

Booker High

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

$639,208
Asking price
$1,150,000
Closing costs (~8% of asking)
-$92,000
Est. remaining loan balance
-$418,792
Cash to seller
$639,208

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 Bank Na

Loan start date

March 2021

Original loan amount

$460,000

Est. remaining balance

$418,792

Interest rate

2.73%

Loan type

New Conventional, 28 year

Seller

Anish Patel and Nina Chheda Patel

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?

Status: Active

Tomo last checked: 11/22/2024 at 4:55 PM

Listing updated: 11/19/2024 at 2:15 PM

Listed by: Stephanie Soffer, KELLER WILLIAMS ON THE WATER S Phone #: (941) 803-7522

MLS: StellarMLS #A4619101

StellarMLS logo

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