NOT LISTED FOR SALE

106 3rd St S Unit 2 Bradenton Beach, FL 34217

Estimated Value: $776,000 - $1,133,000

3 Beds
2 Baths
1,424 Sq Ft
$682/Sq Ft Est. Value

Last Sold July 17, 2020

Last sale price $353,000 $248 Per Sq Ft

Est. 175% increase in value since last sale

Current estimated payment $6,044/month

22 Days on Market

Highlights

  • Public Beach
  • Access to Bay or Harbor
  • Furnished
  • Anna Maria Elementary School Rated A-
  • High Ceiling
  • 4-minute walk to Cortez Beach

About This Home

As of July 2020

Location!! location!! This Bradenton Beach home is only steps away to BOTH the Gulf and the Bay. Within walking distance to Historic Bridge Street, the Pier, restaurants and shops. It has been used as a vacation rental VRBO. There is a 3 bedroom/2 bath unit in the front of the building and a one bedroom/one bath in the back, each complete with their own private patios and BBQ grills to make your guests feel right at home. There is also a washer/dryer available for the guests to use. Comes completely furnished and ready to move right in to or rent immediately. The income reflects a 20% management fee. This property is zoned commercial and it can be leased nightly, weekly or monthly. Projected rents are $150 per night for one bedroom and $256/night for the 2 bedroom loft, which if rented every night would be $148,190.

Last Agent to Sell the Property

Nancy Maguire

ROSEBAY INTERNATIONAL REALTY, INC License #0676356 Listed on: 05/05/2020

ROSEBAY INTERNATIONAL REALTY, INC

Co-Listed By

Mike Brossard

ROSEBAY INTERNATIONAL REALTY, INC License #3133258

Last Buyer's Agent

Victoria Roese

CHARLES RUTENBERG REALTY INC License #3097497

CHARLES RUTENBERG REALTY INC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,369

Year Built

  • Built in 1930

Lot Details

  • 6,000 Sq Ft Lot
  • Public Beach
  • Fenced

Home Design

  • Duplex
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,424 Sq Ft Home
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Vinyl Flooring
  • Crawl Space

Kitchen

  • Range
  • Microwave

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access to Bay or Harbor
  • Porch

Location

  • Flood Insurance May Be Required
  • City Lot

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 1,607 Sq Ft Building
  • Cortez Beach Community
  • Cortez Beach Pb1/203 & Subdivision

Building Details

  • Gross Income $102,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,369

Year Built

Built in 1930

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1424
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 1930
  • Building Area Total: 1607
  • Lot Size Sq Ft: 6000
  • Number Of Lots: 1
  • Directions to Property: Cortez Road West to Gulf Drive. Take a left on Gulf Drive and left on 3rd Street S; home is on the left.
  • Status: Sold
  • Street Post Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4466518?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4466518?w=Customer
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.54308
  • Price per Sq Ft: 247.89
  • Close to Original List Price Ratio: 0.54308
  • Ratio: Current Price\Building Area Total: 219.66
  • View: No
  • Co List Office Mls Id: 281518578
  • Co List Office Phone: 941-366-7673
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s)
  • Appliances Included: Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Levels: Two
  • Street Number Modifier: 106
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Porch
  • Road Surface Type: Paved
  • Water Access: Bay/Harbor, Beach - Public
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0279E

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R1
  • Parcel Number: 7735900008
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, City Lot
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Total Actual Rent: 8500
  • Minimum Lease: 1 Week
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 102000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 6369
  • Tax Block: 3
  • Tax Book Number: 1-203
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 15, 2018
Sold by
Hudson Jim
Bought by
Robison Joseph
Current Estimated Value
$970,553

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,950
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 14, 2018
Sold by
Island Time Lodge Llc
Bought by
Robinson Joseph and Hudson Jim

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$481,950
Interest Rate
4.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 6, 2013
Sold by
Island Time Lodge Llc
Bought by
Hardesty John R and The John R Hardesty Revocable Trust

Purchase Details

Closed on
Nov 4, 2011
Sold by
Mccormick 103 Llc
Bought by
Island Time Lodge Llc

Purchase Details

Closed on
Mar 29, 1999
Sold by
Bush Ruby S and Driver Ruby S
Bought by
Kaufmann John E and Kaufmann Sarah Jane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,077
Interest Rate
6.82%
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
Robison Joseph -- Attorney
Robinson Joseph $1,390,000 Attorney
Hardesty John R -- Attorney
Island Time Lodge Llc $590,000 None Available
Kaufmann John E $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Joseph $481,950
Previous Owner Kaufmann John E $174,077
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/17/2020 07/17/20 Sold $353,000 -45.7% $248 / Sq Ft
05/23/2020 05/23/20 Pending -- -- --
05/01/2020 05/01/20 For Sale $650,000 -- $456 / 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
2025 $10,777 $495,734 -- --
2024 $10,777 $734,051 $616,988 $117,063
2023 $9,808 $734,051 $616,988 $117,063
2022 $7,822 $480,489 $384,930 $95,559
2021 $6,864 $402,835 $340,938 $61,897
2020 $6,576 $365,407 $307,944 $57,463
2019 $6,369 $349,442 $290,948 $58,494
2018 $5,893 $343,258 $290,948 $52,310
2017 $5,109 $321,470 $0 $0
2016 $4,658 $293,775 $0 $0
2015 $3,772 $222,095 $0 $0
2014 $3,772 $205,156 $0 $0
2013 $3,578 $191,431 $120,500 $70,931
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4466518

Stellar MLS

APN: 77359-0000-8