NOT LISTED FOR SALE

Sarabande 340 S Palm Ave Unit 113 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $3,943,000 - $4,168,000

4 Beds
4.5 Baths
4,534 Sq Ft
$3,585/mo HOA Fee

Last Sold June 22, 2022

Last sale price $4,000,000 $882 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $30,243/month

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Contemporary Architecture
  • Southside Elementary School Rated A
  • Gated Community
  • 1-minute walk to Bayfront Park Sarasota

About This Home

As of June 2022

Sold Data Purposes Only.

Last Agent to Sell the Property

Stellar Non-Member Agent

Stellar Non-Member Office Listed on: 06/22/2022

Stellar Non-Member Office

Last Buyer's Agent

Sherri Mills

MICHAEL SAUNDERS & COMPANY License #3042812

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $26,966

Year Built

  • Built in 1998

Lot Details

  • End Unit
  • West Facing Home

HOA Fees

  • $3,585 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Secured Garage or Parking
  • Parking Garage Space
  • Reserved Parking

Home Design

  • Contemporary Architecture
  • Stem Wall Foundation
  • Metal Roof
  • Concrete Siding

Interior Spaces

  • 4,534 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Blinds
  • Inside Utility

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Travertine

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Covered patio or porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 2027114044

Community Details

Overview

  • Association fees include common area taxes, community pool, escrow reserves fund, maintenance structure, ground maintenance, trash
  • High-Rise Condominium
  • Sarabande Community
  • Sarabande Subdivision
  • Rental Restrictions

Amenities

  • Elevator

Recreation

  • Recreation Facilities

Pet Policy

  • Pets up to 60 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$26,966

Year Built

Built in 1998

Lot Details

0

HOA Fees

$3,585 per month

Parking

1

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Trash
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Concrete
  • Fireplace: No
  • Living Area: 4534
  • New Construction: No
  • Year Built: 1998
  • Building Area Total: 5048
  • Directions to Property: 340 S. Palm Avenue #113.
  • Status: Sold
  • Street Direction: S
  • Floor Number: 11
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: End Unit, High Rise
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 882.22
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 792.39
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Travertine, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer
  • Foundation Details: Stem Wall
  • Total Bedrooms: 4
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 340
  • Room Count: 9
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Covered
  • Water View: Bay/Harbor - Full
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Guest, Reserved, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Fitness, Pool
  • Association Amenities: Elevator(s), Gated, Pool, Recreation Facilities, Security
  • Association: No
  • Security: Gated Community, Secured Garage/Parking
  • Senior Community: No
  • Condo Fees: 10756
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 3585
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 43024
  • Total Monthly Fees: 3585.33

Lot Info

  • Zoning: DTB
  • Parcel Number: 2027114044
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Zoning Compatible Y N: Yes

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 60
  • Minimum Lease: No Minimum
  • Approval Process: Approval required
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Lease restrictions

Tax Info

  • Tax Annual Amount: 26965.87
  • Tax Book Number: 32-32
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 22, 2022
Closed on
Jun 22, 2022
Sold by
Thomas F Mcguire Trust
Bought by
Letitia H White Family Trust
Seller's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
Buyer's Agent
Sherri Mills
MICHAEL SAUNDERS & COMPANY
List Price
$4,000,000
Sold Price
$4,000,000
Total Days on Market
0
Current Estimated Value
$4,056,205

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,205
Avg. Annual Appreciation
0.47%
Original Mortgage
$2,000,000
Outstanding Balance
$1,899,655
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$2,156,550

Purchase Details

Closed on
Dec 17, 1999
Sold by
Mcguire Thomas F
Bought by
Mcguire Thomas F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
7.85%

Purchase Details

Closed on
Oct 21, 1998
Sold by
Tangerine Gulfstream Prop Inc
Bought by
Draga Helga
Source: Public Records

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Letitia H White Family Trust $4,000,000 New Title Company Name
Mcguire Thomas F -- --
Mcguire Thomas F $1,625,000 --
Draga Helga $1,387,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Letitia H White Family Trust $2,000,000
Previous Owner Mcguire Thomas F $717,000
Previous Owner Mcguire Thomas F $442,500
Previous Owner Mcguire Thomas F $600,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Pending -- -- --
06/22/2022 06/22/22 Sold $4,000,000 0.0% $882 / Sq Ft
06/22/2022 06/22/22 For Sale $4,000,000 -- $882 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $46,655 $3,285,400 -- $3,285,400
2023 $46,655 $3,115,100 $0 $3,115,100
2022 $42,927 $2,843,700 $0 $2,843,700
2021 $26,179 $1,687,579 $0 $0
2020 $26,493 $1,664,279 $0 $0
2019 $25,829 $1,626,861 $0 $0
2018 $25,422 $1,596,527 $0 $0
2017 $25,139 $1,563,690 $0 $0
2016 $25,143 $2,358,200 $0 $2,358,200
2015 $25,525 $2,074,500 $0 $2,074,500
2014 $25,508 $1,486,514 $0 $0
Source: Public Records

Agents Affiliated with this Home

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About Sarabande

Map

Source: Stellar MLS

MLS Number: J949503

Stellar MLS

APN: 2027-11-4044

Florida Sarasota County Sarasota 34236 Downtown Sarasota

340 S Palm Ave Unit 113, Sarasota, FL

This home is located at 340 S Palm Ave Unit 113, Sarasota, FL 34236 since 22 June 2022 and is currently estimated at $4,056,205, approximately $894 per square foot. This property was built in 1998. 340 S Palm Ave Unit 113 is a home located in Sarasota County with nearby schools including Southside Elementary School, Booker Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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