NOT LISTED FOR SALE

401 S Palm Ave Unit 701 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,595,000 - $3,263,000

3 Beds
3.5 Baths
3,172 Sq Ft
$1,651/mo HOA Fee

Last Sold March 08, 2013

Last sale price $1,860,000 $586 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $19,688/month

70 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Property is near public transit
  • Southside Elementary School Rated A
  • Heated Indoor Pool
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of March 2013

The Savoy on Palm, Sarasota's most cosmopolitan condominium. This 3 BR and den residence on the corner of the 7th floor provides expansive views of the Bayfront, Marina and the city skyline. Light filled spaces, delightful finishes, and extravagant detailing highlight this luxurious contemporary residence. Custom kitchen with Poggenpohl German cabinetry, gorgeous granite, and high end appliances with gas cooking. Nearly 3200 sq ft with upgraded lighting throughout, electronic blinds, large terraces and a private elevator foyer. Sophisticated surround sound system. Private 2 car garage. Exceptional amenities at The Savoy include concierge services, a social lounge with fully equipped catering kitchen, state of the art fitness center, library, a complete summer kitchen adjacent to lavish pool with 60 ft lap lane and spa. Pets are welcome.

Last Agent to Sell the Property

Robert Lindeman

License #3070743 Listed on: 10/26/2012

Co-Listed By

Nancy Lindeman

MICHAEL SAUNDERS & COMPANY License #3070740

Last Buyer's Agent

Robert Lindeman

License #3070743 Listed on: 10/26/2012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $18,818

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • West Facing Home
  • Zero Lot Line

HOA Fees

  • $1,651 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Circular Driveway
  • Secured Garage or Parking
  • Open Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 3,172 Sq Ft Home
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Combination Dining and Living Room
  • Den
  • Storage Room
  • Inside Utility
  • White Water Ocean Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Spa

Location

  • Property is near public transit
  • City Lot

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Customized Wheelchair Accessible
  • Reclaimed Water Irrigation System

Listing and Financial Details

  • Homestead Exemption
  • Tax Lot 701
  • Assessor Parcel Number 2027115011

Community Details

Overview

  • Association fees include cable TV, electricity, escrow reserves fund, gas, internet, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, recreational facilities, security, sewer, trash, water
  • High-Rise Condominium
  • Savoy On Palm Community
  • Savoy On Palm Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • Handicap Modified Features In Community
  • 11-Story Property

Amenities

  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets Allowed
  • Pets up to 50 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$18,818

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,651 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Electricity, Escrow Reserves Fund, Gas, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3172
  • New Construction: No
  • Year Built: 2006
  • Accessibility Features: Customized Wheelchair Accessible
  • Building Area Total: 3665
  • Directions to Property: US 41 south of Main St, east on Ringling, then south on Palm Ave to building on left.
  • Status: Sold
  • Street Direction: S
  • Floor Number: 7
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 8411
  • Property Description: Corner Unit, End Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.95385
  • Price per Sq Ft: 586.38
  • Close to Original List Price Ratio: 0.95385
  • Ratio: Current Price\Building Area Total: 507.5
  • View: Yes
  • Co List Office Mls Id: 281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Elevator, High Ceiling(s), Living Room/Dining Room Combo, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Blinds, Thermal Windows, Window Treatments
  • Street Number Modifier: 401
  • Room Count: 9
  • Additional Rooms: Den/Library/Office, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, Indoor, Salt Water
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Guest, Oversized, Secured
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Gas, Public, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Electric, Natural Gas, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Handicap Modified, Irrigation-Reclaimed Water, Pool
  • Association Amenities: Elevator(s), Fitness Center, Handicap Modified, Laundry, Maintenance, Security, Storage
  • Association: No
  • Security: Secured Garage/Parking, Security System Owned, Smoke Detector(s)
  • Condo Fees: 4954
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 19816
  • Total Monthly Fees: 1651.33

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115011
  • Additional Parcels: No
  • Lot Features: City Lot, In County, Level, Near Public Transit, Sidewalk, Zero Lot Line
  • Millage Rate: 16.51
  • Future Land Use: 0405
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No, Yes
  • Max Pet Weight: 50
  • Minimum Lease: 8-12 Months
  • Num Timesper Year: 1
  • Expected Lease Date: 2013-03-08T05:00:00.000Z
  • Lease Restrictions Y N: Yes

Tax Info

  • Tax Annual Amount: 18818
  • Tax Book Number: 0039/0003
  • Tax Lot: 701

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 26, 2012
Closed on
Mar 8, 2013
Sold by
Gross Marvin C and Gross Lynne
Bought by
Ciliberti Anthony G and Ciliberti Linda S
Seller's Agent
Robert Lindeman
Buyer's Agent
Robert Lindeman
List Price
$1,950,000
Sold Price
$1,860,000
Premium/Discount to List
-$90,000
-4.62%
Current Estimated Value
$2,926,647

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,066,647

Purchase Details

Closed on
Aug 4, 2006
Sold by
Floria Llc
Bought by
Gross Marvin C and Gross Lynne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
6.68%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Ciliberti Anthony G $1,860,000 Attorney
Gross Marvin C $1,491,800 Ticor Title Insurance Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gross Lynne $417,000
Previous Owner Gross Marvin C $190,000
Previous Owner Gross Marvin C $900,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/08/2013 03/08/13 Sold $1,860,000 -4.6% $586 / Sq Ft
01/05/2013 01/05/13 Pending -- -- --
10/26/2012 10/26/12 For Sale $1,950,000 -- $615 / 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 $25,091 $1,755,501 -- --
2023 $25,091 $1,704,370 $0 $0
2022 $24,498 $1,654,728 $0 $0
2021 $24,745 $1,606,532 $0 $0
2020 $25,046 $1,584,351 $0 $0
2019 $24,417 $1,548,730 $0 $0
2018 $24,031 $1,519,853 $0 $0
2017 $23,762 $1,488,593 $0 $0
2016 $23,758 $1,609,500 $0 $1,609,500
2015 $24,120 $1,552,200 $0 $1,552,200
2014 $24,104 $1,199,043 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2013

    Robert Lindeman

  • N

    Seller Co-Listing Agent in 2013

    Nancy Lindeman

    Michael Saunders

    (941) 400-2656

    1 in this area

    4 Total Sales

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Map

Source: Stellar MLS

MLS Number: A3967907

Stellar MLS

APN: 2027-11-5011

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 701, Sarasota, FL

This home is located at 401 S Palm Ave Unit 701, Sarasota, FL 34236 since 26 October 2012 and is currently estimated at $2,926,647, approximately $922 per square foot. This property was built in 2006. 401 S Palm Ave Unit 701 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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