tomo logo

$470,000

Beds
3
Baths
2.0
sq ft
1,494

5838 Elegant Orchid Way, Sarasota, FL 34232

5838 Elegant Orchid Way

SARASOTA, FL 34232

  • <1 day on market
Welcome to this appealing 3-bedroom 2 bath single-family home, centrally located in Garden Village off of Cattlemen Rd, Fruitville Rd and I-75 (Exit 210). This all-concrete block constructed, one-story includes a 2-car garage, fully fenced in the backyard. The layout optimizes living space with an open concept kitchen situated between the living area and dining room. The kitchen, which overlooks the living area and covered lanai, comes with all appliances, including refrigerator, built-in dishwasher, electric range, and microwave. The owner's suite, located at the back of the home for privacy, has an ensuite bathroom. Two additional bedrooms share a second bathroom. The laundry room comes equipped with washer and dryer. Garden Village is a gated community that is only 30 minutes from Siesta Key Beach, 15 minutes from UTC (University Town Center) and the future Mote Sea (Mote Science Education Aquarium) is scheduled to be completed in 2025.

Details

Property type

Single Family Residence

Est. home value

$472,012

Lot size

4,620 sq ft

Price per sq ft

$315

Year built

2020

Annual property taxes

$4,622

Monthly HOA fee

$75

Price History

03/09/2025
StellarMLS

StellarMLS #A4643797

Listed
$470,000
+4.47%
09/04/2024
StellarMLS

StellarMLS #A4615304

Removed
$449,900
07/13/2024
StellarMLS

StellarMLS #A4615304

Price change
$449,900
-5.28%

Schools & Community

Neighborhood: 

Fruitville

Elementary school: 

Fruitville Elementary

Middle school: 

McIntosh Middle

High school: 

Sarasota 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

$92,630
Asking price
$470,000
Closing costs (~8% of asking)
-$37,600
Est. remaining loan balance
-$339,770
Cash to seller
$92,630

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

$339,770

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?

Status: Active

Tomo last checked: 03/10/2025 at 12:10 AM

Listing updated: 03/09/2025 at 10:33 PM

Listed by: Ray Shope, ROSEBAY INTERNATIONAL REALTY, INC Phone #: (941) 366-7673

MLS: StellarMLS #A4643797

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