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$639,000

Beds
2
Baths
2.0
sq ft
1,272

770 S Palm Ave Unit 101, Sarasota, FL 34236

770 S Palm Ave Unit 101

SARASOTA, FL 34236

  • 74 days on market
An iconic modern building located in a premier location. This unit is on the amenity level with easy access in and out of the building. It’s steps away from the lobby, heated swimming pool and fitness room. It features an amazing wraparound terrace with more than 700 square feet of outdoor living space. The Southern corner of the building allows the entire unit to be flooded with sunlight and has Selby Gardens as your neighbor. The Western exposure offers sunsets, bay and pool views. A coveted great-room floor plan with updated kitchen and tile floors throughout. The kitchen has custom cabinets and granite counters. The 2 bedroom, 2 bath residence is unique to the building but also to the bayfront. The main living room, the owner’s suite as well as the guest suite all have access to terrace. Unit has its own washer and dryer. Embassy House is located in the residential area of the downtown condominiums offering easy access to the city and quiet walks away from the commercial development. Building’s lobby has undergone a renovation designed by Sweet Sparkman. The Lobby is a timeless, modern design with clean crisp lines and period furniture. The pool, fitness room, exterior painting and landscaping have also been recently redesigned. Association has added electric charging stations. The milestone report and Sirs have been completed. Building is financially healthy. Bayfront park is in front of the building with dining, festivals and fireworks. Sarasota’s cultural district is blocks away. Selby Botanical Gardens is across the street. Shopping and dining are minutes away. SRQ airport is a ten minute drive. The beaches and the mall are all in close proximity. This is truly a special urban location.

Details

Property type

Condominium

Est. home value

$441,424

Lot size

1.44 acres

Price per sq ft

$503

Year built

1975

Annual property taxes

$9,211

HOA fee

$4,120

Price History

08/21/2024
StellarMLS

StellarMLS #A4620895

Listed
$639,000
-14.8%
05/11/2024
StellarMLS

StellarMLS #A4552968

Removed
$750,000
03/06/2024
StellarMLS

StellarMLS #A4552968

Price change
$750,000
-6.13%

Schools & Community

Neighborhood: 

Downtown

Elementary school: 

Southside Elementary

Middle school: 

Booker Middle

High school: 

Sarasota High

Community features: 

Fitness Center, Pool, Sidewalks

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

$239,795
Asking price
$639,000
Closing costs (~8% of asking)
-$51,120
Est. remaining loan balance
-$348,085
Cash to seller
$239,795

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

Seller’s Loan History

Lender

Tropical Financial Cu

Loan start date

September 2023

Original loan amount

$352,000

Est. remaining balance

$348,085

Interest rate

6.96%

Loan type

New Conventional, 30 year

Seller

Chelle Cobb Selph

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: 11/03/2024 at 8:50 AM

Listing updated: 08/22/2024 at 5:44 PM

Listed by: Tammy Garner, COLDWELL BANKER REALTY Phone #: (941) 366-8070

MLS: StellarMLS #A4620895

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