NOT LISTED FOR SALE

401 S Palm Ave Unit 902 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,974,000 - $3,404,000

3 Beds
3.5 Baths
3,600 Sq Ft
$1,894/mo HOA Fee

Last Sold April 22, 2013

Last sale price $1,825,000 $507 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $21,964/month

204 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Gated Community
  • Southside Elementary School Rated A
  • Saltwater Pool
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of April 2013

Gorgeous bay views, 3600 luxurious sq. ft. including 3 bedrooms and a den. Finest materials, superb finishes. Private elevator to lobby, 2 car private garage. Huge front and back balconies. Large storage room. Every amenity you could wish for. Concierge,state of the art fitness center, massage room, library, 2 room guest suite, roof top terrace with entertaining facilities, complete summer kitchen adjacent to beautiful heated pool and spa. Pets welcome This unit is value priced. BE SURE TO TURN ON YOURAUDIO for the virtual tour. This is the finest building in downtown Sarasota. There are 24 units, all owned by full time residents. Fully funded reserves. Extremely well managed.

Last Agent to Sell the Property

Robert Lindeman

License #3070743 Listed on: 07/19/2012

Co-Listed By

Nancy Lindeman

MICHAEL SAUNDERS & COMPANY License #3070740

Last Buyer's Agent

Candy Swick

CANDY SWICK & COMPANY License #0330355

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $22,639

Year Built

  • Built in 2006

Lot Details

  • West Facing Home
  • Well Sprinkler System
  • Zero Lot Line

HOA Fees

  • $1,894 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • On-Street Parking
  • Open Parking

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,600 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Combination Dining and Living Room
  • Breakfast Room
  • Den
  • Storage Room
  • White Water Ocean Views
  • Security System Owned

Kitchen

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

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Saltwater Pool
  • Spa

Location

  • 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
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 2027115018

Community Details

Overview

  • Association fees include cable TV, electricity, escrow reserves fund, gas, insurance, maintenance structure, ground maintenance, maintenance repairs, security, trash
  • 24 Units
  • Savoy On Palm Community
  • Savoy On Palm Subdivision
  • On-Site Maintenance
  • Rental Restrictions
  • 11-Story Property

Amenities

  • Community Storage Space
  • Elevator

Recreation

  • Fitness Center
  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed
  • Pets up to 50 lbs

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$22,639

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,894 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Electricity, Escrow Reserves Fund, Gas, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Other, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3600
  • New Construction: No
  • Year Built: 2006
  • Directions to Property: US 41 to Ringling Blvd, right onto S Palm Ave to 401 S Palm. Building is on the left.. Park in the driveway next to the fountain.
  • Status: Sold
  • Street Direction: S
  • Floor Number: 9
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 8411
  • Ratio: Close Price\List Price: 0.96306
  • Price per Sq Ft: 506.94
  • Close to Original List Price Ratio: 0.96306
  • View: Yes
  • Co List Office Mls Id: 281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Wet Bar
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Blinds
  • Street Number Modifier: 401
  • Room Count: 10
  • Additional Rooms: Breakfast Room Separate, Den/Library/Office, Foyer, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, Salt Water
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Water Body Name: Sarasota Bay
  • 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

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest, On Street, Secured
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Gas, Public, Sprinkler Well, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central, Natural Gas, Zoned
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Fitness, Gated Community, Pool
  • Association Amenities: Elevator(s), Fitness Center, Gated, Maintenance, Security, Spa/Hot Tub, Storage
  • Association: No
  • Security: Gated Community, Secured Garage/Parking, Security System Owned, Smoke Detector(s)
  • Condo Fees: 5681
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 22724
  • Total Monthly Fees: 1893.67

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115018
  • Additional Parcels: No
  • Lot Features: City Lot, In County, Sidewalk, Zero Lot Line
  • Future Land Use: 0405
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No, Yes
  • Max Pet Weight: 50
  • Minimum Lease: 8-12 Months
  • Expected Lease Date: 2013-04-22T04:00:00.000Z
  • Lease Restrictions Y N: Yes

Multi Family

  • Number Of Units Total: 24

Tax Info

  • Tax Annual Amount: 22639
  • Tax Book Number: 0039/0003

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 19, 2012
Closed on
Apr 22, 2013
Sold by
Hund Clifford L and Moeller Isa
Bought by
Heskett James L and Heskett Marilyn L
Seller's Agent
Robert Lindeman
Buyer's Agent
Candy Swick
CANDY SWICK & COMPANY
List Price
$1,895,000
Sold Price
$1,825,000
Premium/Discount to List
-$70,000
-3.69%
Current Estimated Value
$3,250,102

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,425,102
Avg. Annual Appreciation
4.81%

Purchase Details

Closed on
Jul 14, 2006
Sold by
Floria Llc
Bought by
Hund Clifford L and Moeller Isa
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
Heskett James L $1,825,000 Attorney
Hund Clifford L $1,955,000 None Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/22/2013 04/22/13 Sold $1,825,000 -3.7% $507 / Sq Ft
02/09/2013 02/09/13 Pending -- -- --
07/19/2012 07/19/12 For Sale $1,895,000 -- $526 / 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 $28,337 $1,977,715 -- --
2023 $28,337 $1,920,112 $0 $0
2022 $27,669 $1,864,186 $0 $0
2021 $27,954 $1,809,889 $0 $0
2020 $28,295 $1,784,900 $0 $1,784,900
2019 $30,086 $1,902,016 $0 $0
2018 $29,612 $1,866,552 $0 $0
2017 $29,282 $1,828,161 $0 $0
2016 $29,272 $1,879,200 $0 $1,879,200
2015 $29,719 $1,812,300 $0 $1,812,300
2014 $29,701 $1,515,030 $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

    Section Image
  • Candy Swick

    Buyer's Agent in 2013

    Candy Swick

    CANDY SWICK & COMPANY

    (941) 256-2747

    31 in this area

    270 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A3963372

Stellar MLS

APN: 2027-11-5018

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 902, Sarasota, FL

This home is located at 401 S Palm Ave Unit 902, Sarasota, FL 34236 since 19 July 2012 and is currently estimated at $3,250,102, approximately $902 per square foot. This property was built in 2006. 401 S Palm Ave Unit 902 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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