NOT LISTED FOR SALE

Embassy House 770 S Palm Ave Unit 501 Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $939,000 - $1,042,000

2 Beds
2 Baths
1,636 Sq Ft
$686/mo HOA Fee

Last Sold January 18, 2013

Last sale price $555,000 $339 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $6,831/month

62 Days on Market

Highlights

  • Property Fronts a Bay or Harbor
  • Fitness Center
  • Open Floorplan
  • Southside Elementary School Rated A
  • Heated Pool
  • Property is near public transit

About This Home

As of January 2013

Fabulous, contemporary styled condominium, this updated end unit features a sweeping front row view beginning at Selby Garden spanning the Sarasota Bay front, out the Pass to the Gulf. This open and spacious interior is ideal for entertaining. Masterfully designed to maximize the space - creative construction and decorating elements combine to create a very sophisticated and tasteful look like no other. Perfected situate in the heart of downtown Sarasota walk to the opera, theatres, fine dining and lovely bay front parks. Live downtown and enjoy all the numerous upgrades one would expect to find in a million dollar residence.

Last Agent to Sell the Property

Donald Geikie

MICHAEL SAUNDERS & COMPANY License #0519647 Listed on: 10/15/2012

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Dana Cook Westmark

MICHAEL SAUNDERS & COMPANY License #3032781

Last Buyer's Agent

Catherine Reali

BRIGHT REALTY License #0671086

BRIGHT REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,939

Year Built

  • Built in 1975

Lot Details

  • End Unit
  • Southwest Facing Home

HOA Fees

  • $686 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,636 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Blinds
  • Rods
  • Entrance Foyer
  • Great Room
  • Ceramic Tile Flooring

Kitchen

  • Built-In Convection Oven
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Carport Space
  • Portico
  • Circular Driveway
  • Guest Parking
  • Assigned Parking

Pool

  • Heated Pool

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 501
  • Assessor Parcel Number 2036032014

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, water
  • High-Rise Condominium
  • Embassy House Community
  • Embassy House Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Laundry Facilities
  • Elevator

Recreation

Pet Policy

  • Pets Allowed
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,939

Year Built

Built in 1975

Lot Details

0

HOA Fees

$686 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1636
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 1636
  • Status: Sold
  • Street Direction: S
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 7327
  • Property Description: End Unit, High Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.92654
  • Price per Sq Ft: 339.24
  • Close to Original List Price Ratio: 0.92654
  • Ratio: Current Price\Building Area Total: 339.24
  • 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: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Elevator, Open Floorplan, Solid Surface Counters, Stone Counters, Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Oven, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Rods, Window Treatments
  • Room Count: 6
  • Additional Rooms: Foyer, Great Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Heated
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Partial
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned, Circular Driveway, Guest, Portico
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • 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, Pool
  • Association Amenities: Elevator(s), Fitness Center, Laundry
  • Association: No
  • Security: Smoke Detector(s)
  • Condo Fees: 2059
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 8236
  • Total Monthly Fees: 686.33

Lot Info

  • Zoning: DTB
  • Parcel Number: 2036032014
  • Additional Parcels: No
  • Lot Features: Corner Lot, City Lot, Near Public Transit
  • Millage Rate: 16.51
  • Future Land Use: 0405
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 3 Months
  • Num Timesper Year: 4
  • Pet Restrictions: cats only
  • Expected Lease Date: 2013-01-18T05:00:00.000Z
  • Lease Restrictions Y N: Yes

Tax Info

  • Tax Annual Amount: 5939
  • Tax Book Number: 0009/0027
  • Tax Lot: 501

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 26, 2020
Sold by
Rubin Philip S
Bought by
Rubin Philip S and Pualey Jessica
Current Estimated Value
$997,566

Purchase Details

Listed on
Oct 15, 2012
Closed on
Jan 18, 2013
Sold by
Stockwell Keith W and Keith W Stockwell Trust
Bought by
Rubin Phillip S
Seller's Agent
Donald Geikie
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Catherine Reali
BRIGHT REALTY
List Price
$599,000
Sold Price
$555,000
Premium/Discount to List
-$44,000
-7.35%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.69%
Original Mortgage
$416,250
Outstanding Balance
$79,217
Interest Rate
3.35%
Mortgage Type
New Conventional
Estimated Equity
$918,349

Purchase Details

Closed on
Mar 18, 2011
Sold by
Pell David and Pell Caryl
Bought by
Stockwell Keith W and Keith W Stockwell Trust

Purchase Details

Closed on
Feb 15, 2008
Sold by
Gabbard James R and Gabbard Carol A
Bought by
Pell David and Pell Caryl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$477,750
Interest Rate
5.85%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Sep 10, 2004
Sold by
Goehring Mary Louise
Bought by
Gabbard James R and Gabbard Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.01%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 30, 1996
Sold by
Skelton Howard C and Skelton Winifred K
Bought by
Goehring Roland A and Goehring Mary Louise
Source: Public Records

Range of Values:

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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
Rubin Philip S -- Attorney
Rubin Phillip S $555,000 Sarasota Title Services Inc
Stockwell Keith W $400,000 Msc Title Inc
Pell David $775,000 Embassy House
Gabbard James R $606,000 --
Goehring Roland A $203,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rubin Phillip S $416,250
Previous Owner Pell David $477,750
Previous Owner Gabbard James R $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2013 01/18/13 Sold $555,000 -7.3% $339 / Sq Ft
12/17/2012 12/17/12 Pending -- -- --
10/15/2012 10/15/12 For Sale $599,000 -- $366 / 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 $10,951 $698,243 -- --
2023 $10,951 $843,800 $0 $843,800
2022 $10,205 $794,100 $0 $794,100
2021 $8,377 $524,600 $0 $524,600
2020 $8,155 $497,100 $0 $497,100
2019 $8,661 $530,300 $0 $530,300
2018 $8,192 $499,300 $0 $499,300
2017 $8,270 $499,300 $0 $499,300
2016 $8,496 $499,500 $0 $499,500
2015 $7,862 $445,300 $0 $445,300
2014 $7,221 $366,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Donald Geikie

    Michael Saunders

    (941) 356-8457

    6 in this area

    26 Total Sales

    Donald Geikie
    Section Image
  • Dana Cook Westmark

    Seller Co-Listing Agent in 2013

    Dana Cook Westmark

    Michael Saunders

    (941) 356-5091

    13 in this area

    70 Total Sales

    Dana Cook Westmark
    Section Image

  • C

    Buyer's Agent in 2013

    Catherine Reali

    BRIGHT REALTY

    (941) 232-8200

    4 Total Sales

    Catherine Reali
    Section Image
See All Agents

About Embassy House

Map

Source: Stellar MLS

MLS Number: A3967341

Stellar MLS

APN: 2036-03-2014

Florida Sarasota County Sarasota 34236 Downtown Sarasota

770 S Palm Ave Unit 501, Sarasota, FL

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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