tomo logo

$525,000

Beds
2
Baths
1.0
sq ft
690

6157 Midnight Pass Rd Unit C11, Sarasota, FL 34242

6157 Midnight Pass Rd Unit C11

SARASOTA, FL 34242

  • 371 days on market
No hurricane damage to the unit. Excellent Rental Income!! Potentially $65k+ Annually – 1 week minimum. Turnkey furnished. Introducing a captivating Siesta Key condo nestled in the heart of Bay Oaks. This upgraded gem is not just a home; it's a lifestyle, boasting close proximity to the Bay and showcasing proven excellent rental income. Step into a light and bright haven with a renovated kitchen / bathroom and newer tile floors. Relax on your private lanai and soak in the picturesque views of the intercoastal waterway – a perfect spot to unwind and enjoy the beauty that surrounds you. The spacious master bedroom suite features a 12 ft closet for extra storage, while the second bedroom/den provides an excellent space for guests. The Bay Oaks complex offers outstanding amenities, including newer BBQ grills in two areas, a large, heated pool, tennis court, clubhouse, fishing pier, and nearby beach access. Capture the essence of Siesta Key living and witness spectacular sunsets from the #1 Beach in Florida. The weekly rental option adds to the allure, making it a perfect investment opportunity. Whether you're looking for a dreamy vacation retreat or a lucrative investment, this Siesta Key condo is a must-see.

Details

Property type

Condominium

Est. home value

$502,242

Lot size

Unknown

Price per sq ft

$761

Year built

1974

Annual property taxes

$3,792.63

HOA

Yes

Price History

05/20/2024
StellarMLS

StellarMLS #A4592571

Listed
$525,000
05/19/2024
StellarMLS

StellarMLS #A4592571

Removed
$525,000
12/18/2023
StellarMLS

StellarMLS #A4592571

Listed
$525,000
+90.91%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Pool, 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

$256,260
Asking price
$525,000
Closing costs (~8% of asking)
-$42,000
Est. remaining loan balance
-$226,740
Cash to seller
$256,260

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

Seller’s Loan History

Lender

The Huntington National Bank

Loan start date

December 2020

Original loan amount

$248,500

Est. remaining balance

$226,740

Interest rate

2.84%

Loan type

New Conventional, 30 year

Seller

Faye D English and James S English

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: 12/22/2024 at 9:50 PM

Listing updated: 11/12/2024 at 3:36 PM

Listed by: David Anthony, MICHAEL SAUNDERS & COMPANY Phone #: (941) 349-3444

MLS: StellarMLS #A4592571

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