NOT LISTED FOR SALE

1116 Cocoanut Ave Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $657,000 - $1,053,000

3 Beds
2 Baths
2,013 Sq Ft
$406/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2023

Last sale price $836,000 $415 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,128 / mo

48 Days on Market

Highlights

  • Tennis Courts
  • Property is near public transit
  • Park or Greenbelt View
  • Riverview High School Rated A
  • Wood Flooring
  • 2-minute walk to Pioneer Park

About This Home

As of April 2023

Desirable apartment building with tenants in place. The property has lush low-maintenance landscaping with inviting common areas that have just been upgraded to include a new parking area. Close to restaurants, nightlife and grocery stores. One block to bayfront water. There are tennis courts and a park directly across the street Upgrades include a renovated unit, new roof, new mini split air conditioners, and a new commercial dryer. The units are bright and nicely appointed. Gross income is $61,100 and the net income is approximately $48,000. Great tenants in place. The Sarasota-Bradenton international airport is a 10-minute drive, 3.9 miles. Easy to see with 24-hour notice.

Last Agent to Sell the Property

Robert Sherman

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3099603 Listed on: 01/19/2023

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Robert Sherman

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3099603 Listed on: 01/19/2023

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,459

Year Built

  • Built in 1935

Lot Details

  • 6,225 Sq Ft Lot
  • Lot Dimensions are 50x125
  • Fenced
  • Level Lot

Home Design

  • Quadruplex
  • Wood Frame Construction
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 2,013 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Park or Greenbelt Views

Kitchen

  • Range
  • Solid Wood Cabinet

Flooring

  • Wood
  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Laundry on upper level

Basement

  • Walk-Up Access
  • Crawl Space

Parking

  • Common or Shared Parking
  • Guest Parking
  • Open Parking

Outdoor Features

  • Tennis Courts
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit

Schools

  • Bay Haven Sch Of Basics Plus Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Mini Split Air Conditioners
  • Central Heating
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2,013 Sq Ft Building
  • Blvd Add (To Sarasota) Community
  • Boulevard Add To Sarasota Subdivision

Recreation

  • Tennis Courts
  • Park

Pet Policy

  • 1 Pet Allowed
  • Very small pets allowed

Building Details

  • Gross Income $61,100

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,459

Year Built

Built in 1935

Lot Details

6,225 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 2013
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 1935
  • Building Area Total: 2013
  • Lot Size Sq Ft: 6225
  • Tenant Pays: Electricity
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 187.01
  • Escrow State: FL
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 415.30
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Property Description: Walk-Up
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Tile, Wood
  • Interior Amenities: Ceiling Fans(s), High Ceilings, Solid Wood Cabinets
  • Appliances Included: Electric Water Heater, Range, Refrigerator
  • Foundation Details: Crawlspace
  • Total Bedrooms: 3
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 187.01

Exterior Features

  • Exterior Features: Fence, Lighting, Rain Gutters, Sidewalk, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • View: Park/Greenbelt
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Common, Guest, Open

Utilities

  • Utilities: Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Mini-Split Unit(s)
  • Heating: Central
  • Laundry Features: Inside, Laundry Room, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Sidewalks, Tennis Courts
  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Pet Size: Very Small (Under 15 Lbs.)

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Bay Haven Sch of Basics Plus Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 2025120083
  • Additional Parcels: No
  • Lot Features: City Limits, Level, Near Public Transit, Sidewalk, Paved
  • Lot Dimensions: 50x125
  • Flood Zone Code: X,AE

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Total Actual Rent: 5850
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Confirm with county
  • Terms Of Lease: Gross Lease

Multi Family

  • Gross Income: 61100
  • Number Of Units Total: 4
  • Approval Process: Confirm with county
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 6458.88
  • Tax Block: 2
  • Tax Book Number: A-31
  • Tax Lot: 19

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2023
Closed on
Apr 10, 2023
Sold by
Bought by
Seller's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$875,000
Sold Price
$836,000
Premium/Discount to List
-$39,000
-4.46%
Views
154
Current Estimated Value
$818,204

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$17,796
Avg. Annual Appreciation
-0.68%
Original Mortgage
$418,000
Outstanding Balance
$211,951
Interest Rate
6.5%
Mortgage Type
Seller Take Back
Estimated Equity
$606,253

Purchase Details

Listed on
Sep 1, 2021
Closed on
Dec 17, 2021
Sold by
Bought by
Seller's Agent
Margi Beshore
SRQ PROPERTIES
Buyer's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$975,000
Sold Price
$740,000
Premium/Discount to List
-$235,000
-24.1%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.76%
Original Mortgage
$245,000
Interest Rate
3.09%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 7, 2020
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,500
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 8, 2010
Sold by
Bought by

Purchase Details

Closed on
Oct 9, 2008
Sold by
Bought by

Purchase Details

Closed on
Feb 20, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,800
Interest Rate
7.88%
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$836,000 --
$740,000 Attorney
$485,000 Attorney
-- Attorney
$80,000 Sunbelt Title Agency
$63,500 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $418,000
Previous Owner $245,000
Previous Owner $339,500
Previous Owner $50,800
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/10/2023 04/10/23 Sold $836,000 -4.5% $415 / Sq Ft
03/09/2023 03/09/23 Pending -- -- --
01/30/2023 01/30/23 For Sale $875,000 0.0% $435 / Sq Ft
01/21/2023 01/21/23 Pending -- -- --
01/19/2023 01/19/23 For Sale $875,000 +18.2% $435 / Sq Ft
12/17/2021 12/17/21 Sold $740,000 -6.2% $368 / Sq Ft View Prior Sale
10/29/2021 10/29/21 Pending -- -- --
10/28/2021 10/28/21 Price Changed $789,000 -19.1% $392 / Sq Ft
10/22/2021 10/22/21 For Sale $975,000 0.0% $484 / Sq Ft
10/16/2021 10/16/21 Pending -- -- --
10/12/2021 10/12/21 For Sale $975,000 0.0% $484 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
09/01/2021 09/01/21 For Sale $975,000 -- $484 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $9,436 $561,900 $246,000 $315,900
2024 $8,075 $613,000 $238,800 $374,200
2023 $8,075 $520,100 $214,800 $305,300
2022 $8,549 $550,800 $214,500 $336,300
2021 $6,459 $395,600 $50,800 $344,800
2020 $3,958 $406,600 $46,200 $360,400
2019 $2,166 $161,600 $37,600 $124,000
2018 $1,971 $142,300 $48,200 $94,100
2017 $1,850 $67,481 $0 $0
2016 $1,431 $91,300 $25,100 $66,200
2015 $1,300 $76,700 $22,200 $54,500
2014 $1,404 $46,090 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Robert Sherman

    Seller's Agent in 2023

    Robert Sherman

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 313-1301

    25 in this area

    104 Total Sales

    Robert Sherman
    Section Image

  • M

    Seller's Agent in 2021

    Margi Beshore

    SRQ PROPERTIES

    (941) 504-7233

    1 in this area

    8 Total Sales

    Margi Beshore
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4557567

Stellar MLS

APN: 2025-12-0083

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1116 Cocoanut Ave, 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 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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