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$952,330Estimated home value

Beds
3
Baths
3.0
sq ft
2,489

5585 Long Shore Loop, Sarasota, FL 34238

5585 Long Shore Loop

SARASOTA, FL 34238

  • Sold On 11/4/2024
This stunning nearly new lakefront home is now on the market and ready for showings. Welcome to Sunrise Preserve, a new amenity-rich, maintenance-free and gated community located by Palmer Ranch! This three bedroom plus office home is well-appointed and hard not love at first sight. From the moment you walk into this clean, upgraded open concept plan you will notice all the smart spaces and abundant upgrades. The great room overlooks the pool and ties in seamlessly with the kitchen. You will notice wood-look tile throughout the house as well as abundant can overhead lighting. The kitchen features quartz countertops, glass-tile backsplash, a suite of stainless steel appliances and overhead vent for the gas range. The primary suite is spacious and private- offering plantation shutters overlooking a scenic view, a massive walk-in closet, and opulent spa-like bathroom that features dual vanities and an oversized shower with dual heads! The guest bedrooms each have a dedicated and well-designed bathroom and there a dedicated office space to round out all the spaces. In 2021, a new luxurious saltwater pool was added to this property and it features a spa with gas heat, travertine decking, clear-view screen cage, lighted fountain bowls, and sun shelf with loungers for enjoying your perfect oasis. All of this is set on a great lot with water view and trees behind it for a great private view! The three car garage includes abundant storage as well as electric car charging built-in. Living in Sunrise Preserve is a dream- the landscaping is included in your HOA fees, and the amenities are fantastic. Whether you enjoy relaxing by the resort-style pool, meeting friends for pickleball, tennis or bocce- you will certainly love the lifestyle this upscale community offers. Add in a great school district, convenient location to shopping and Gulf Beaches and you’ll want to schedule your private showing today!

Details

Property type

Single Family Residence

Est. home value

$952,330

Lot size

7,513 sq ft

Price per sq ft

$442

Year built

2020

Annual property taxes

$8,054.72

Monthly HOA fee

$376

Price History

11/01/2024
StellarMLS

StellarMLS #A4622266

Sold
$1,050,000
-4.55%
10/01/2024
StellarMLS

StellarMLS #A4622266

Pending
$1,100,000
09/03/2024
StellarMLS

StellarMLS #A4622266

Listed
$1,100,000
+96.4%

Schools & Community

Elementary school: 

Ashton Elementary

Middle school: 

Sarasota Middle

High school: 

Riverview High

Community features: 

Gated, Clubhouse, Fitness Center, 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

$499,693
Asking price
$1,100,000
Closing costs (~8% of asking)
-$88,000
Est. remaining loan balance
-$512,307
Cash to seller
$499,693

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

Seller’s Loan History

Lender

Mattamy Home Funding Llc

Loan start date

January 2021

Original loan amount

$560,080

Est. remaining balance

$512,307

Interest rate

2.71%

Loan type

VA, 30 year

Seller

Richard Lyle Michaels and Bonnie Bingham Michaels

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: Off Market

Tomo last checked: 11/08/2024 at 6:05 AM

Listing updated: 11/04/2024 at 8:22 PM

Listed by: Drew Russell, MICHAEL SAUNDERS & COMPANY Phone #: (941) 951-6660

MLS: StellarMLS #A4622266

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