NOT LISTED FOR SALE

401 S Palm Ave Unit 903 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $2,487,000 - $3,848,000

3 Beds
3.5 Baths
2,975 Sq Ft
$1,565/mo HOA Fee

Last Sold June 10, 2013

Last sale price $1,849,000 $622 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $20,473/month

77 Days on Market

Highlights

  • White Water Ocean Views
  • Fitness Center
  • Heated Indoor Pool
  • Southside Elementary School Rated A
  • Oak Trees
  • 2-minute walk to Bayfront Park Sarasota

About This Home

As of June 2013

Located on the south side on the 9th floor of the luxurious Savoy on Palm. The elevator opens to the foyer of this upscale unit filled with light and outstanding views from every room -from the bayfront and Ringling Bridge to the charming historical BurnsCourt. See the sunrise from your rear balcony in the morning and the sunset over the bay in the evening. Inside you will see the spacious island kitchen with Dacor, Sub-Zero, and Wolf appliances, 3 ensuite bedrooms with walk-in closets and a spacious living/dining entertaining area. The unit has a private 2 car garage. The Savoy on Palm amenities include: concierge services, beautiful private pool, hot tub, and outdoor kitchen. Spa area with massage room, and fitness center. Club room with catering kitchen. A two room guest suite and a rooftop terrace. One block from restaurants, shops, the marina, theaters, Selby Gardens, the Farmers Market and more!

Last Agent to Sell the Property

Robert Lindeman

License #3070743 Listed on: 01/29/2013

Co-Listed By

Nancy Lindeman

MICHAEL SAUNDERS & COMPANY License #3070740

Last Buyer's Agent

Deborah Beacham

MICHAEL SAUNDERS & COMPANY License #3054769

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $19,940

Year Built

  • Built in 2006

Lot Details

  • End Unit
  • West Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Oak Trees
  • Zero Lot Line

HOA Fees

  • $1,565 Monthly HOA Fees

Parking

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

Property Views

  • White Water Ocean
  • Park or Greenbelt
  • Pool

Home Design

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

Interior Spaces

  • 2,975 Sq Ft Home
  • Bar Fridge
  • Tray Ceiling
  • Ceiling Fan
  • Thermal Windows
  • Blinds
  • Rods
  • Sliding Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Storage Room
  • Sauna
  • Carpet
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Covered patio or porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

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
  • Water Purifier
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Tax Lot 903
  • Assessor Parcel Number 2027115019

Community Details

Overview

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

Amenities

  • Elevator
  • Community Storage Space

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

$19,940

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,565 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Electricity, Escrow Reserves Fund, Fidelity Bond, Gas, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2975
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 3450
  • Directions to Property: US 41 to east on Ringling Blvd, south on Palm Ave (bldg on left in first block).
  • Status: Sold
  • Street Direction: S
  • Floor Number: 9
  • 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: End Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 621.51
  • Close to Original List Price Ratio: 0.97573
  • Ratio: Current Price\Building Area Total: 535.94
  • View: Yes
  • Co List Office Mls Id: 281502392
  • Co List Office Phone: 941-388-4447
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Other
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Convection Oven, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Water Purifier Owned, Wine Refrigerator
  • Foundation Details: Slab, Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 11
  • Window Features: Blinds, Rods, Thermal Windows, Window Treatments
  • Street Number Modifier: 401
  • Room Count: 8
  • Additional Rooms: Foyer, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Pool Features: Heated, Indoor, Salt Water
  • Exterior Features: Balcony, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sliding Doors, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Park, Pool, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Paved
  • 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: Garage Door Opener, Guest, 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: Natural Gas, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Handicap Modified, Pool
  • Association Amenities: Elevator(s), Fitness Center, Handicap Modified, Maintenance, Security, Storage
  • Association: No
  • Security: Secured Garage/Parking, Security System Owned, Smoke Detector(s)
  • Condo Fees: 4695
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 18780
  • Total Monthly Fees: 1565

Schools

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

Lot Info

  • Zoning: DTE
  • Parcel Number: 2027115019
  • Additional Parcels: No
  • Lot Features: City Lot, In County, Level, Near Public Transit, Sidewalk, Zero Lot Line
  • Millage Rate: 16.74
  • Future Land Use: 0405
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Max Pet Weight: 50
  • Minimum Lease: 8-12 Months
  • Num Timesper Year: 1
  • Expected Lease Date: 2013-06-10T04:00:00.000Z
  • Lease Restrictions Y N: Yes

Tax Info

  • Tax Annual Amount: 19940
  • Tax Book Number: 0039/0003
  • Tax Lot: 903

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 27, 2015
Sold by
Boyle James M and Riordan Marta T
Bought by
Hendel Robert A
Current Estimated Value
$3,076,714

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,245,000
Outstanding Balance
$969,323
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$2,135,227

Purchase Details

Listed on
Jan 29, 2013
Closed on
Jun 10, 2013
Sold by
Lindeman Robert J and Lindeman Nancy C
Bought by
Boyle James M and Riordan Marta T
Seller's Agent
Robert Lindeman
Buyer's Agent
Deborah Beacham
MICHAEL SAUNDERS & COMPANY
List Price
$1,895,000
Sold Price
$1,849,000
Premium/Discount to List
-$46,000
-2.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.35%

Purchase Details

Closed on
Jul 10, 2006
Sold by
Floria Llc
Bought by
Lindeman Robert J and Lindeman Nancy C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.55%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Hendel Robert A $2,075,000 Attorney
Boyle James M $1,849,000 Msc Title Inc
Lindeman Robert J $1,500,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hendel Robert A $1,245,000
Previous Owner Lindeman Robert J $399,939
Previous Owner Lindeman Robert J $250,000
Previous Owner Lindeman Robert J $417,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2013 06/10/13 Sold $1,849,000 0.0% $622 / Sq Ft
04/17/2013 04/17/13 Pending -- -- --
04/01/2013 04/01/13 Price Changed $1,849,000 -2.4% $622 / Sq Ft
01/29/2013 01/29/13 For Sale $1,895,000 -- $637 / 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 $24,746 $1,733,616 -- --
2023 $24,746 $1,683,122 $0 $0
2022 $24,165 $1,634,099 $0 $0
2021 $24,409 $1,586,504 $0 $0
2020 $24,707 $1,564,600 $0 $1,564,600
2019 $24,762 $1,571,958 $0 $0
2018 $24,371 $1,542,648 $0 $0
2017 $24,098 $1,510,919 $0 $0
2016 $24,089 $1,639,500 $0 $1,639,500
2015 $25,834 $1,581,000 $0 $1,581,000
2014 $25,817 $1,221,315 $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
  • Deborah Beacham

    Buyer's Agent in 2013

    Deborah Beacham

    Michael Saunders

    (941) 376-2688

    4 in this area

    30 Total Sales

    Section Image
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Map

Source: Stellar MLS

MLS Number: A3972521

Stellar MLS

APN: 2027-11-5019

Florida Sarasota County Sarasota 34236 Downtown Sarasota

401 S Palm Ave Unit 903, Sarasota, FL

This home is located at 401 S Palm Ave Unit 903, Sarasota, FL 34236 since 29 January 2013 and is currently estimated at $3,076,714, approximately $1,034 per square foot. This property was built in 2006. 401 S Palm Ave Unit 903 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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