tomo logo

$535,000

Beds
1
Baths
1.0
sq ft
748

6157 Midnight Pass Rd Unit E25, Sarasota, FL 34242

6157 Midnight Pass Rd Unit E25

SARASOTA, FL 34242

  • 274 days on market
This cozy one-bedroom, one-bathroom top floor unit has become a sought-after Siesta Key vacation spot, generating wonderful rental revenue in 2023, and all 5 star guest reviews on Airbnb and Vrbo. The property is being offered turnkey, tastefully decorated with updated furniture, mattresses, and brand-new flooring. Situated in the Bay Oaks neighborhood, this peaceful and centrally-located condo is within walking distance to the beach, as well as nearby entertainment options such as live music, shops, and restaurants. Upon entering the unit, the spacious and bright living room area welcomes you, providing access to a screened-in lanai for enjoying tranquil views. On the left, a well-stocked kitchen opens up to a breakfast area. The master bedroom, located towards the back of the condo, features a walk-in closet, a vanity area with a sink, and extra storage. For your convenience, there is an in-unit washer and dryer. Situated on the 5th floor and accessible via one of the two elevators in the building, this unit offers not only comfort but also practicality. It includes a covered carport and a storage unit. The free Siesta Key Trolley stop is conveniently located right outside the Bay Oaks complex entrance, providing easy access to the famous Siesta Key Beach and The Village. Bay Oaks is renowned for its stunning, oversized Oak trees, a fishing dock overlooking the inlet, and a shaded picnic area equipped with a community grill. The grounds also feature an enclosed tennis court and a heated pool for residents to enjoy.

Details

Property type

Condominium

Est. home value

$484,758

Lot size

Unknown

Price per sq ft

$716

Year built

1974

Annual property taxes

$4,463

Monthly HOA fee

$700

Price History

07/10/2024
StellarMLS

StellarMLS #A4593274

Removed
$535,000
07/10/2024
StellarMLS

StellarMLS #A4593274

Listed
$535,000
07/02/2024
StellarMLS

StellarMLS #A4593274

Removed
$535,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

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

$137,052
Asking price
$535,000
Closing costs (~8% of asking)
-$42,800
Est. remaining loan balance
-$355,148
Cash to seller
$137,052

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 Lending Group Company

Loan start date

June 2022

Original loan amount

$367,500

Est. remaining balance

$355,148

Interest rate

5.11%

Loan type

New Conventional, 30 year

Seller

Tanya Kogan and Mark Kogan

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: 09/20/2024 at 2:55 AM

Listing updated: 07/11/2024 at 1:42 PM

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

MLS: StellarMLS #A4593274

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