tomo logo

$475,000

Beds
1
Baths
1.0
sq ft
946

9393 Midnight Pass Rd Unit 503, Sarasota, FL 34242

9393 Midnight Pass Rd Unit 503

SARASOTA, FL 34242

  • 5 days on market
If you are looking for incredible views, look no further! The Pointe is surrounded by water on three sides allowing for stunning views of the bay and the gulf. Midnight Pass connecting the Gulf to the Bay, just south of The Pointe, has reopened as the result of the recent storms. This is great for estuaries, marine life, boating, and real estate values! The perfect place to watch a sunrise or a sunset and soak in the beauty of Neville Preserve and Little Sarasota Bay! This beautiful turn-key furnished 5th floor 1 bedroom, 1 bath unit has been fully remodeled, creating the ultimate retreat. The stunning kitchen features quartz countertops, beautiful cabinetry, stainless steel appliances, a breakfast bar and views of the ocean. The open floor plan creates a light and bright space that flows through to the large lanai with floor to ceiling sliders that stretch the back of the unit. The master suite was beautifully updated with a large walk-in closet, quartz countertops, dual sink, plenty of cabinets and storage, and a walk-in shower. The unit includes a washer/dryer in a closeted utility room off the lanai and a ground level storage unit which provides coveted space for beach and golf gear. An assigned covered parking space is conveniently located. A gated community, The Pointe is beautifully landscaped and features every amenity: a heated pool and spa, lighted tennis and pickle ball courts, private boat docks, kayak and paddleboard racks and launch, exercise rooms, men's and women's saunas, club house, a private island with gazebo and grills, and on site management and maintenance. This five plus acre property is conveniently located just a few minutes walk from Turtle Beach and three restaurants. Come live at the less traveled, more tranquil end of the Key and enjoy the walking and bike paths under tree-lined Midnight Pass Road. Boat docks are available!!

Details

Property type

Condominium

Est. home value

$551,621

Lot size

Unknown

Price per sq ft

$503

Year built

1975

Annual property taxes

$5,056

HOA

Yes

Price History

10/31/2024
StellarMLS

StellarMLS #A4627039

Listed
$475,000
-9.52%
05/20/2022
StellarMLS

StellarMLS #A4531369

Sold
$525,000
+42.28%
03/31/2021
StellarMLS

StellarMLS #V4917224

Sold
$369,000
+34.18%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated, Clubhouse, Fitness Center, 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

-$46,165
Asking price
$475,000
Closing costs (~8% of asking)
-$38,000
Est. remaining loan balance
-$483,165
Cash to seller
-$46,165

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

Seller’s Loan History

Lender

Ubs Bank Usa

Loan start date

July 2022

Original loan amount

$500,000

Est. remaining balance

$483,165

Interest rate

5.1%

Loan type

New Conventional, 30 year

Seller

Janet C Ritsche and The Janet C Ritsche Revocable Trust

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?

Status: Active

Tomo last checked: 11/05/2024 at 7:45 AM

Listing updated: 11/02/2024 at 6:51 AM

Listed by: Robert Ruiz, WILLIAM RAVEIS REAL ESTATE Phone #: (941) 867-3901

MLS: StellarMLS #A4627039

StellarMLS logo

Recently listed in SARASOTA

$695,000|2 bd|2.5 ba|House
$125,000|2 bd|2.0 ba|House
$3,240,000|6 bd|6.5 ba|House
$1,850,000|6 bd|5.0 ba|House
$4,690,000|4 bd|4.5 ba|House
$1,699,000|4 bd|3.5 ba|House