tomo logo

$425,000

Beds
3
Baths
2.0
sq ft
1,775

5574 Sweetwater Oak Dr, Sarasota, FL 34232

5574 Sweetwater Oak Dr

SARASOTA, FL 34232

  • Pending
Under contract-accepting backup offers. Nestled in the sought-after community of COLONIAL OAKS, this 3 bedroom 2 bathroom home boasts serene lake views, a private pool, and energy-efficient solar panels, all while being safely situated in a no-flood zone for added peace of mind. The kitchen is already equipped with quartz countertops and stainless steel appliances. The master suite features a brand-new soaking tub, creating a relaxing retreat. This home combines charm with functionality, and its low HOA fees cover access to the community pool and recreation center, making it an excellent choice for those seeking both privacy and a vibrant neighborhood atmosphere. Conveniently located in the heart of Sarasota, you'll enjoy easy access to shopping, dining, top-rated schools, and nearby parks. Whether you're looking to renovate for personal use or as an investment, this property is brimming with potential. Unlock the potential of this home in Colonial Oaks, with solid bones and endless possibilities, this home is the perfect canvas to create your dream space.

Details

Property type

Single Family Residence

Est. home value

$510,372

Lot size

7,500 sq ft

Price per sq ft

$240

Year built

1990

Annual property taxes

$4,534.56

Monthly HOA fee

$49.5

Price History

02/06/2025
StellarMLS

StellarMLS #A4637877

Pending
$425,000
01/31/2025
StellarMLS

StellarMLS #A4637877

Listed
$425,000
+43.34%
03/09/2017
StellarMLS

StellarMLS #A4173714

Sold
$296,500

Schools & Community

Neighborhood: 

Fruitville

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$41,016
Asking price
$425,000
Closing costs (~8% of asking)
-$34,000
Est. remaining loan balance
-$349,984
Cash to seller
$41,016

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

Seller’s Loan History

Lender

Pennymac Loan Services Llc

Loan start date

June 2022

Original loan amount

$363,756

Est. remaining balance

$349,984

Interest rate

5.27%

Loan type

FHA, 30 year

Seller

Manuel Guillermo Torres and Sarah Naomi Torres

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: Pending/Under Contract

Tomo last checked: 02/11/2025 at 8:45 AM

Listing updated: 02/06/2025 at 1:57 PM

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

MLS: StellarMLS #A4637877

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