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$1,095,000

Beds
3
Baths
2.5
sq ft
2,682

7706 Westmoreland Dr, Sarasota, FL 34243

7706 Westmoreland Dr

SARASOTA, FL 34243

  • 78 days on market
    • Price drop $100,000↓
** HUGE $100,000 price reduction** NO structural Hurricane damage, just landscape clean up! Fabulous 1926 Mediterranean Revival home just steps away from Sarasota Bay! This 3 bed plus conservatory, 2.5 bath gem, known as the Beasley House, is listed on the National Register of Historic Places and believed to be designed by renowned architects Pringle and Smith of Atlanta, who designed other historic homes in this renowned neighborhood. As you approach the stately front entrance you are welcomed by two 13th C. authentic bronze French guards. Other outstanding features of this romantic home include plank wood floors, two wood burning fireplaces, one in the professionally appointed sitting room and one in the gracious master suite which also boasts an 18 light crystal chandelier. This magnificent home also offers crown moldings, high ceilings, antique iron fixtures, Doric columns, nicely appointed closets, one with attic access, original wood inlayed floor design, and much more. You will love to entertain on any of the terraces, loggia, two large sundecks or around the heated courtyard pool with an outdoor shower. To adapt the home to modern standards and to preserving the home's authenticity and charm, the owners have made practical improvements, such as a new roof in 2020 (wind mitigation and 4-point documents are attached to listing),resealed deck, new landscaping and renovated irrigation system using well water at a huge savings!! The kitchen has been updated including functional and beautiful mahogany counter tops, new appliances, new engine in a/c on second floor, and completely new plumbing. The interior was painted in 2020 and exterior 2023 ($25k). The detached 3 car garage affords many opportunities for storage and workshop including a new utility sink and built-ins. Many items will be included in sale...Bronze French guards, patio sets, all window treatments, ceramic planters, rear yard lawn sculpture, area rugs, kitchen table, dining room set...see attachment to this listing for specifics. Other furnishings may be negotiable. In Whitfield Estates you may join the HOA for $50 annually, entitling you to dine at the historic Sara Bay Country Club. Come see this very special home on the National Registry and make it your own!

Details

Property type

Single Family Residence

Est. home value

$1,083,507

Lot size

0.3 acres

Price per sq ft

$409

Year built

1926

Annual property taxes

$11,573

Monthly HOA fee

$4.17

Price History

10/30/2024
StellarMLS

StellarMLS #A4620562

Price change
$1,095,000
-8.37%
09/04/2024
StellarMLS

StellarMLS #A4620562

Price change
$1,195,000
-6.27%
08/22/2024
StellarMLS

StellarMLS #A4620562

Listed
$1,275,000
+75.86%

Schools & Community

Neighborhood: 

Whitfield

Elementary school: 

Florine J. Abel Elementary

Middle school: 

Sara Scott Harllee Middle

High school: 

Bayshore High

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

$544,540
Asking price
$1,095,000
Closing costs (~8% of asking)
-$87,600
Est. remaining loan balance
-$462,860
Cash to seller
$544,540

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

Seller’s Loan History

Lender

Fairway Independent Mortgage Corp

Loan start date

November 2020

Original loan amount

$507,500

Est. remaining balance

$462,860

Interest rate

2.81%

Loan type

New Conventional, 30 year

Seller

Jerome Charles Raskaus and Kathleen Mahall

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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322 Suwanee Ave, Sarasota, FL 34243

Status: Active

Tomo last checked: 11/08/2024 at 10:40 AM

Listing updated: 11/05/2024 at 9:15 PM

Listed by: Barbara Verhey, EXP REALTY LLC Phone #: (888) 883-8509

MLS: StellarMLS #A4620562

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