tomo logo

$884,900

Beds
3
Baths
2.0
sq ft
1,566

5855 Midnight Pass Rd Unit 319, Sarasota, FL 34242

5855 Midnight Pass Rd Unit 319

SARASOTA, FL 34242

  • <1 day on market
It's rare to find a 3 bedroom and this freshly updated complex. All new hurricane glass and windows will give the new owner tremendous comfort regarding the units safety. Assessments have been paid in full. Comes fully furnished and ready to start renting or enjoying! 3 bedroom 2 bath on the 3rd floor with West facing for view of gorgeous front water feature and partial view of the Beach. 2 weeks minimum on rentals. Safety features such as gated entrance and code access required building entrance. Boat slips first come first serve intercoastal access, There is a waiting list for boat slips, Dock is being restored and expected to be completed by April 2025, Grilling areas, Pool, Gym, Large Social room, Tennis

Details

Property type

Condominium

Est. home value

$746,018

Lot size

Unknown

Price per sq ft

$566

Year built

1976

Annual property taxes

$6,420

HOA

Yes

Price History

02/27/2025
StellarMLS

StellarMLS #A4625594

Listed
$884,900
+84.35%
06/28/2019
StellarMLS

StellarMLS #A4421023

Sold
$480,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

Gated, Clubhouse, Fitness Center, Pool, 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

$552,480
Asking price
$884,900
Closing costs (~8% of asking)
-$70,792
Est. remaining loan balance
-$261,628
Cash to seller
$552,480

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

Seller’s Loan History

Lender

Bryn Mawr Trust Co

Loan start date

June 2019

Original loan amount

$380,000

Est. remaining balance

$261,628

Interest rate

3.57%

Loan type

New Conventional, 15 year

Seller

Grace Florentino

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: 02/27/2025 at 3:00 PM

Listing updated: 02/27/2025 at 9:36 AM

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

MLS: StellarMLS #A4625594

StellarMLS logo

Recently listed in SARASOTA

$1,000,000|4 bd|3.0 ba|House
$799,000|3 bd|2.0 ba|House
$1,688,800|4 bd|2.5 ba|House
$784,990|4 bd|3.0 ba|House
$1,375,000|4 bd|3.5 ba|House
$1,049,500|4 bd|4.0 ba|House
$3,500,000|3 bd|3.5 ba|House
$1,575,000|5 bd|3.5 ba|House

Explore top cities in Florida