tomo logo

$475,000

Beds
3
Baths
2.0
sq ft
1,494

5838 Elegant Orchid Way, Sarasota, FL 34232

5838 Elegant Orchid Way

SARASOTA, FL 34232

  • 5 days on market
Welcome to this charming 3-bedroom, 2-bathroom single-family home located in a peaceful, gated community in Sarasota. This newer home offers a perfect blend of comfort, style, and convenience, making it a true gem waiting for you to discover. Step inside to be greeted by a spacious and airy open floor plan, adorned with modern finishes and an abundance of natural light. The living area is perfect for both relaxation and entertaining, featuring high ceilings and elegant flooring that seamlessly flow into the dining space and kitchen. The kitchen is a chef's delight, boasting sleek countertops, stainless steel appliances, ample cabinetry, and a convenient breakfast bar. Whether you're hosting a dinner party or enjoying a quiet meal at home, this kitchen is sure to impress. Retreat to the luxurious primary suite, complete with a walk-in closet and a private en-suite bathroom featuring dual sinks and a separate shower. The additional two bedrooms are generously sized, offering flexibility for guest rooms, a home office, or a hobby space. Step outside to your own private oasis in the backyard, where you'll find a covered patio perfect for alfresco dining and a yard that's ideal for gardening, play, or relaxation. Located in a desirable Sarasota community, this home is just minutes away from top-rated schools, shopping centers, dining options, and the stunning Gulf Coast beaches. Enjoy the best of Florida living with easy access to parks, golf courses, and a vibrant cultural scene. Don't miss the opportunity to make this home your new address. Schedule a showing today and experience all that this home has to offer!

Details

Property type

Single Family Residence

Est. home value

$472,012

Lot size

4,620 sq ft

Price per sq ft

$318

Year built

2020

Annual property taxes

$2,794

Monthly HOA fee

$75

Price History

07/01/2024
StellarMLS

StellarMLS #A4615304

Listed
$475,000
-2.06%
04/11/2024
StellarMLS

StellarMLS #A4596096

Removed
$485,000
01/18/2024
StellarMLS

StellarMLS #A4596096

Listed
$485,000
+63.31%

Schools & Community

Neighborhood: 

Fruitville

Elementary school: 

Fruitville Elementary

Middle school: 

McIntosh Middle

High school: 

Sarasota 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

$93,491
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$343,509
Cash to seller
$93,491

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

Seller’s Loan History

Lender

Lower Llc

Loan start date

July 2022

Original loan amount

$353,581

Est. remaining balance

$343,509

Interest rate

5.09%

Loan type

FHA, 30 year

Seller

Cecila Lyn Shope

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: 07/05/2024 at 9:20 PM

Listing updated: 07/02/2024 at 6:55 AM

Listed by: Debbie McHardy, COLDWELL BANKER REALTY Phone #: (941) 388-3966

MLS: StellarMLS #A4615304

StellarMLS logo

Recently listed in SARASOTA