NOT LISTED FOR SALE

401 S Palm Ave Unit 901 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,715,000 - $3,308,000

3 Beds
3.5 Baths
3,172 Sq Ft
$1,596/mo HOA Fee

Last Sold April 20, 2012

Last sale price $1,895,000 $597 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $20,717/month

4 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Deck
  • Southside Elementary School Rated A
  • Spa
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of April 2012

Counted as downtown Sarasota's most cosmopolitan condominium, The Savoy on Palm Avenue has a sophistication level that will impress. This residence's coveted corner location provides expansive views of the Bay front, Marina and city skyline like no other. Light filled space, delightful finishes and extravagant detailing highlight the 9th level residence. Furniture grade hand built mahogany interior doors and closet fittings featuring Rocky Mountain Hardware, Italian oak floors, solid custom millwork throughout, Poggenpohl custom German cabinetry, gorgeous granite, 200+ SubZero wine storage, and uber high end appliances including gas cook top. Upgraded art lighting, electronic blinds, 500+ sq. ft in terraces and private elevator foyer. Easy to create a den in addition to 3 BR. Private 2 car garage suitable for car collector's lift. Exceptional Savoy amenities include a private guest suite for overflow guests, lounge, social suites, library, spa, lavish pool with 60 ft. lap lane and concierge services. Pets are welcomed.

Last Agent to Sell the Property

Kim Ogilvie

MICHAEL SAUNDERS & COMPANY License #0412475 Listed on: 02/15/2012

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Michael Ogilvie

LIMBO COMPANY SARASOTA ASSOC License #0594759

Last Buyer's Agent

Tammy Garner

COLDWELL BANKER REALTY License #0604873

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $21,256

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • West Facing Home

HOA Fees

  • $1,596 Monthly HOA Fees

Parking

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

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,172 Sq Ft Home
  • Bar Fridge
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Formal Dining Room
  • Storage Room
  • Inside Utility
  • White Water Ocean Views

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Home Security

Accessible Home Design

  • Customized Wheelchair Accessible

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Schools

  • Southside Elementary School
  • Booker Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Water Purifier

Listing and Financial Details

  • Assessor Parcel Number 2027115017

Community Details

Overview

  • Association fees include cable TV, insurance, ground maintenance, maintenance repairs, manager, recreational facilities, security, sewer, trash, water
  • Savoy On Palm Community
  • Savoy On Palm Subdivision
  • The community has rules related to deed restrictions
  • 10-Story Property

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

$21,256

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,596 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Insurance, Maintenance Grounds, Maintenance Repairs, Manager, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3172
  • New Construction: No
  • Year Built: 2006
  • Accessibility Features: Customized Wheelchair Accessible
  • Directions to Property: Mound to North or South Palm Avenue to 401 on East side of road.
  • Status: Sold
  • Street Direction: S
  • Floor Number: 9
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 8411
  • Property Description: End Unit
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 597.41
  • Close to Original List Price Ratio: 1
  • View: Yes
  • Co List Office Mls Id: 281504998
  • Co List Office Phone: 941-951-6660
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Marble, Other, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Elevator, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Washer, Water Purifier Owned, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 10
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 401
  • Room Count: 8
  • Additional Rooms: Formal Dining Room Separate, Foyer, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Lighting, Sliding Doors
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • 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
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage Door Opener, Oversized, Secured
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Pool
  • Association Amenities: Fitness Center, Security
  • Association Fee: 4789
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Secured Garage/Parking, Smoke Detector(s)
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 19156
  • Total Monthly Fees: 1596.33

Schools

  • Elementary School: Southside Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115017
  • Additional Parcels: No
  • Lot Features: Other
  • Future Land Use: 0405
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Max Pet Weight: 50
  • Pet Restrictions: yes
  • Expected Lease Date: 2012-04-20T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 21256
  • Tax Book Number: 0039/0003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 15, 2012
Closed on
Apr 20, 2012
Sold by
Jones Meirion Gary and Steckler Candice A
Bought by
Malmberg George J and Malmberg Ludmilla P
Seller's Agent
Kim Ogilvie
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Tammy Garner
COLDWELL BANKER REALTY
List Price
$1,895,000
Sold Price
$1,895,000
Current Estimated Value
$3,008,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,113,490
Avg. Annual Appreciation
3.67%
Original Mortgage
$1,000,000
Outstanding Balance
$705,055
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$2,359,890

Purchase Details

Closed on
Jul 19, 2006
Sold by
Florida Llc
Bought by
Jones Meirion Gary and Steckler Candice A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.5%
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
Malmberg George J $1,895,000 Attorney
Jones Meirion Gary $1,814,600 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Malmberg George J $1,000,000
Previous Owner Jones Meirion Gary $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/20/2012 04/20/12 Sold $1,895,000 0.0% $597 / Sq Ft
02/20/2012 02/20/12 Pending -- -- --
02/15/2012 02/15/12 For Sale $1,895,000 -- $597 / 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 $32,753 $2,345,222 -- --
2023 $32,753 $2,259,000 $0 $2,259,000
2022 $30,587 $2,143,800 $0 $2,143,800
2021 $27,764 $1,762,000 $0 $1,762,000
2020 $26,584 $1,641,800 $0 $1,641,800
2019 $29,827 $1,850,000 $0 $1,850,000
2018 $29,137 $1,801,000 $0 $1,801,000
2017 $29,417 $1,801,000 $0 $1,801,000
2016 $28,604 $1,715,200 $0 $1,715,200
2015 $28,219 $1,654,100 $0 $1,654,100
2014 $27,692 $1,474,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kim Ogilvie

    Seller's Agent in 2012

    Kim Ogilvie

    Michael Saunders

    (941) 376-1717

    29 in this area

    117 Total Sales

    Section Image

  • M

    Seller Co-Listing Agent in 2012

    Michael Ogilvie

    LIMBO COMPANY SARASOTA ASSOC

  • Tammy Garner

    Buyer's Agent in 2012

    Tammy Garner

    COLDWELL BANKER REALTY

    (941) 374-4161

    13 in this area

    100 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A3956028

Stellar MLS

APN: 2027-11-5017

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 901, Sarasota, FL

This home is located at 401 S Palm Ave Unit 901, Sarasota, FL 34236 since 15 February 2012 and is currently estimated at $3,008,490, approximately $948 per square foot. This property was built in 2006. 401 S Palm Ave Unit 901 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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