tomo logo

$849,000

Beds
4
Baths
3.0
sq ft
2,629

5554 New Covington Dr, Sarasota, FL 34233

5554 New Covington Dr

SARASOTA, FL 34233

  • 16 days on market
Discover the perfect blend of luxury, comfort, and convenience in this stunning 4-bedroom, 3-bathroom home, nestled on a private corner lot in a highly desirable, family-friendly neighborhood. With a dedicated, private office, a bonus room in the versatile loft, and a thoughtfully designed open floor plan, this home offers exceptional functionality for comfortable living. The fully updated kitchen is a chef’s dream, boasting Viking professional-grade appliances, a large island, and designer finishes including stunning quartz countertops and a Kohler cast-iron farmhouse sink. Enjoy casual meals in the charming eat-in kitchen nook or host gatherings in the separate formal dining area. The spacious interior is bathed in natural light, thanks to large windows throughout. Step outside to your private backyard oasis, featuring a large heated pool and spa, surrounded by a fully fenced yard for added privacy. The widened driveway provides extra parking, complementing the 3-car garage. A new roof installed in 2018 adds peace of mind and lasting value, along with the attached, fully-owned solar panel system, significantly reducing energy costs. The house is equipped with fully upgraded impact-rated windows throughout, including the impact-rated front door with matching sidelights, ensuring enhanced safety and maximized energy efficiency. Additional highlights include luxury wood-look porcelain tile flooring, propane/gas, a prime location within an A-rated school district, easy access to I-75 and Clark Road, and only 15 minutes from the world-famous white sands of Siesta Key Beach! This home offers the perfect combination of tranquility, style, and convenience. Don’t miss your chance to make it yours!

Details

Property type

Single Family Residence

Est. home value

$304,608

Lot size

9,200 sq ft

Price per sq ft

$323

Year built

2000

Annual property taxes

$7,165.92

Monthly HOA fee

$50

Price History

01/06/2025
StellarMLS

StellarMLS #A4634436

Listed
$849,000
+64.85%
06/07/2021
StellarMLS

StellarMLS #A4496253

Sold
$515,000

Schools & Community

Elementary school: 

Ashton Elementary

Middle school: 

Sarasota Middle

High school: 

Riverview High

Community features: 

Sidewalks

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

$579,233
Asking price
$849,000
Closing costs (~8% of asking)
-$67,920
Est. remaining loan balance
-$201,847
Cash to seller
$579,233

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

Seller’s Loan History

Lender

Carrington Mortgage Services Llc

Loan start date

June 2021

Original loan amount

$218,762

Est. remaining balance

$201,847

Interest rate

3.04%

Loan type

FHA, 30 year

Seller

Christopher Scott Mcguire and Lori Nykanen

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?

Similar Homes Nearby

Price drop
StellarMLS
$800,000
4 bd
|
3 ba
|
3,035 sq ft
|
House

7341 Featherstone Blvd, Sarasota, FL 34238

Price drop
StellarMLS
$849,900
3 bd
|
3 ba
|
2,594 sq ft
|
House

8644 Sundance Loop, Sarasota, FL 34238

Price drop
StellarMLS
$815,000
4 bd
|
3 ba
|
2,598 sq ft
|
House

4855 Wood Pointe Way, Sarasota, FL 34233

Status: Active

Tomo last checked: 01/21/2025 at 11:45 PM

Listing updated: 01/15/2025 at 2:16 PM

Listed by: Marco Guadagnini, PREFERRED SHORE LLC Phone #: (941) 999-1179

MLS: StellarMLS #A4634436

StellarMLS logo

Recently listed in SARASOTA