tomo logo

$499,000

Beds
1
Baths
1.0
sq ft
748

6157 Midnight Pass Rd Unit E23, Sarasota, FL 34242

6157 Midnight Pass Rd Unit E23

SARASOTA, FL 34242

  • 223 days on market
    • Price drop $20,000↓
RENOVATED, MODERN AND FRESH ** LOCATED ON THE 3RD FLOOR ** ENJOY SUBSTANTIAL CASH FLOW with SHORT TERM RENTAL PROGRAM ALREADY IN PLACE, 1 WEEK RENTALS ALLOWED ** Look no further than this open and bright 1 bedroom, 1 bath condo in sought-after Bay Oaks. This unit underwent many updates just 1 year and now boasts luxury vinyl flooring, coastal paint colors throughout, modern fans, contemporary furnishings/décor, new smart TVs with top-of-the-line technologies, gorgeous stone countertops in the kitchen and stainless appliances. The AC and water heater are newer, and you will love the stackable washer/dryer (many condos on Siesta Key are not equipped with private washer/dryers). The family room provides access to a screen patio/porch with a serene setting among the cascading oaks and peek-a-boo views of the community pool. Bay Oaks is located on the intercoastal side of Siesta Key with a variety of amenities that owners and guest love including- immediate access to a heated pool, tennis courts, 2 sets of convenient elevators in Building E, walkout pier/dock into the intercoastal, an abundance of visitor parking along with a private covered parking spot. Siesta Key is world-renowned for its sugar-powdered sand, recreational amenities directly off the public beach, refreshments and soaring palms with miles of “Caribbean-esque Gulf Waters”. Watch the sunrise over the intercoastal and step across midnight pass onto the public beach for sunset… This is the life :)

Details

Property type

Condominium

Est. home value

$464,064

Lot size

Unknown

Price per sq ft

$668

Year built

1974

Annual property taxes

$4,175

Monthly HOA fee

$700

Price History

08/06/2024
StellarMLS

StellarMLS #A4607243

Price change
$499,000
-3.85%
04/14/2024
StellarMLS

StellarMLS #A4607243

Listed
$519,000
+12.83%
06/24/2022
StellarMLS

StellarMLS #A4531470

Sold
$460,000

Schools & Community

Elementary school: 

Phillippi Shores Elementary

Middle school: 

Brookside Middle

High school: 

Sarasota High

Community features: 

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

$126,245
Asking price
$499,000
Closing costs (~8% of asking)
-$39,920
Est. remaining loan balance
-$332,835
Cash to seller
$126,245

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

Seller’s Loan History

Lender

Castle Mortgage Corp

Loan start date

June 2022

Original loan amount

$345,000

Est. remaining balance

$332,835

Interest rate

5.27%

Loan type

New Conventional, 30 year

Seller

Brandon Buttry

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: 11/23/2024 at 7:10 AM

Listing updated: 08/06/2024 at 5:32 PM

Listed by: Justin Shirley, SHIRLEY INTERNATIONAL REALTY Phone #: (941) 448-4872

MLS: StellarMLS #A4607243

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