HIGH BID AND LOW BID HOME AUCTION # 4037 (Not Currently For Sale)
AUCTION ID # 4037
4037 Arrow Way
Single Property Web Site
About Sarasota, Florida
Contact Broker
I have broken down the information, details and pictures of this home into these 9 areas for your convenience.
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2. Whole House
6. Outdoor Living Area (Pool and Lanai)
9. Expenses
The Community This home is nestled back between Nottingham and Woodland Park Communities. These two subdivisions sit just west of McIntosh between Bahia Vista and Fruitville Rd. in Beautiful Sarasota, Florida. Laden in mature trees and stunning landscaping this community is one of the fastest selling and most desirable locations to live in.
These Two Communities are just 15 minutes away from Sarasota’s Finest Downtown Area. Sarasota Florida offers Amazing Performing Arts and Culture, Music and Theater, The World’s Finest Beaches, Fine Dining and Entertainment, Events and Festivals, Family Activities, Nightlife and Dance, Nature Activities, Outdoor Parks and Recreation. Sarasota is one of the Top Class Fishing and Boating Communities in the World with Stunning Architecture and has Once Again been Nominated as one of the Top 100 Places to Live In the World.
The Whole House This beautiful 3 bedroom, 2 bath, 2 car garage pool home is located at 4037 Arrow Way on the connecting street between Nottingham and Woodland Park subdivisions in sunny Sarasota, Florida. The décor is neutral throughout; there is travertine tile, plush carpet, fresh paint, a fireplace, an open spacious split floor plan with a stunning pool and a large lanai. All this is in a conveniently located neighborhood that is laden with mature landscaping giving you the best of both Northern and Florida lifestyles close to beaches, downtown and shopping. This home will be sold to the buyer with the “Highest and Best Offer”.
Kitchen and Living Area This incredible open floor plan allows you to cook, eat and entertain while enjoying the fireplace and the pool at the same time. The high ceilings, white walls, beautiful tile and neutral décor are like fine living for a low price. This Kitchen is very well laid out; the dishwasher, range and refrigerator are new stainless steel, high end appliances, there is plenty of counter and storage space and the flooring is travertine tile, shows like new.
Master Bed and Bath This Master Bedroom is spacious, light and bright. The patio doors open to a beautiful heated Pool and Jacuzzi with a large lanai area for entertaining. This Master Bathroom is light, bright and spacious. It offers a shower, tub, dual sinks and a walk-in closet.
Other Living Space This 1666 Sqft. home boasts two other bedrooms and a second full bath, Making it a 3 bedroom, 2 bath home. The split floor plan allows privacy to the master suite yet convenience to the pool area. All rooms are light and bright and well maintained.
Outdoor Living Area This stunning pool and lanai area is great for family and friends. The pool and Jacuzzi are heated and the weather is perfect for year-round entertaining, wining, dining, swimming and more. Come and enjoy the Florida Lifestyle.
Exterior and Garage The home is a well constructed, well maintained frame home that fits perfectly in the heavily wooded area and beautifully landscaped environment. The spacious 2 car garage has ample storage and attic access. There is some additional room on the side of the home with a separate entrance laden with mature trees and landscaping.
This Beautiful Home in Sarasota, Florida is only 45 minutes away from Tampa, St. Pete and 2 hours away from Walt Disney World.
This Beautiful Florida home is only 15 minutes away from Sarasota’s World Famous Beaches and Boating Lifestyles.
By using both the High Bid and the Low Bid Sales Technique you can purchase one of our homes whether you are a qualified buyer or an interested buyer unable to obtain bank financing. Each one of our Properties can be sold for the list price to a Cash or Mortgage Qualified Buyer. The Sellers will entertain all offers and look for the "Highest and Best Offer" or the Buyer that is willing to pay the price and terms acceptable to close the sale. Because qualified bids or offers are accepted online from across the Country, through a specific date, these homes can be advertised globally as "Highest and Best Offer" Virtual Real Estate Auctions. To schedule a showing or place an Offer on any one of our High Bid Homes Please Contact the Broker. The Low Bid Sale: In the Low Bid Sale, Homes are Sold under $500 (Five Hundred Dollars) for Cash, Free and Clear of a Mortgage. This is a called the Lowest Unique Bid Real Estate Auction and here's how it works; This Auction will require a specific number of bids to close out. Once the bid reserve has been met, all bidders will receive an electronic notification sent to their email address with a Final Registration Link. This link has The "Home Auction Service Pack" (outlined below), General Terms and Conditions, and a place for the bidders to Confirm their Final Bid Amount before the Close of the Auction. "The Home Auction Service Pack" includes, but is not limited to, the following: There is a fee of $110 to validate your final bid once you have received and accepted the information contained within the Home Auction Service Pack. These fees collected pay for the cost of the Home and the Service provided. The Criteria to be the Successful Bidder in this auction format are to have placed the “lowest bid” that is “unique” or unmatched by any other bidder at the close of the auction. So if a bidder places a bid for one penny, and another bidder does the same, the bid amount would be the lowest, but no longer “unique” within the auction. Duplicate bids cancel out and similar to standard high bid auctions, bid values increase during the course of the auction. Upon the close of the auction the “lowest unique bid” amount becomes the sale price of the home (example $33.33). (All successful bids in home auctions are "Unique in Value", only one person in any Auction leaves with the house).
The High Bid Sale:
On this web site you have an opportunity to view the many beautiful still shots, watch the home’s virtual tour, review the home’s detailed description, expenses, check out the local schools and weather, view the area map, take an area tour and review the seller’s disclosure. Bids from buyers across the country will be accepted throughout the month. The Bid range is $.01-$500.00 (One Penny to Five Hundred Dollars). Bids are placed here online or by fax, in one penny increments and are sealed to the public.
Survey
Appraisal
Pest Inspection
Preliminary Title
Home Inspection
Seller's Disclosure
Once All the Bids in the auction have been Validated, the property will be taken off the high bid sales platform and the home auction will be closed to the public. All sealed bids are tabulated immediately and publicly posted online at MarcusRealEstate.com within 5 business days of the close of the auction. The successful bidder is then notified.
The Closing. The new buyer, once contacted, has 48 hours to execute a contract for purchase for their successful bid amount and get their ENTIRE CASH BID into escrow with our closing attorney. There will be 60 days scheduled within the terms of the contract to perform any and all final inspections and close on the property. The bid fees collected offset the cost of the home and the services provided so all homes are sold free and clear of all liens.
Title Insurance Policy to Buyer
Recording Fees to the Buyer
Home Warranty for the first year to the Buyer
Taxes and Insurance Paid for the First Year of Home Ownership to the Buyer
Pool Care, Lawn Care & Pest Control Contract for the First Year to the Buyer
$100,000 Cash upon Closing for any defects, repairs or deferred maintenance
Property Taxes: $333.00/Month
Homeowners Insurance: $150.00/Month
Flood Insurance: Not Required
Electric: $180.00/12 Month Average
Water: $95.00/12 Month Average
Pool: $85.00/Month
Pest: $15.00/Month
Lawn: $85.00/Month
HOA: $46.00/Month
Home Warranty: $58.00/Month
Total Monthly Expenses: $1,047.00/Month
Rental Value: $1,200.00/Month
REMEMBER YOU DO NOT BID MORE THAN FIVE THOUSAND DOLLARS IN THIS HOME AUCTION. The additional cost of the home is covered in the service pack fees collected at the close of the auction.
BID NOW UNDER $5,000 CASH
For more information on how you can purchase this Florida Home or others please contact me.
Maureen E. Marcus
Licensed Real Estate Broker
Sarasota, Florida 34233
Cell 941.445.2661
Fax 941.922.0472
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