NOT LISTED FOR SALE

116 Margaret Dr Nokomis, FL 34275

Estimated Value: $288,000 - $702,000

3 Beds
2 Baths
1,450 Sq Ft
$273/Sq Ft Est. Value

Last Sold June 08, 2023

Last sale price $340,000 $234 Per Sq Ft

Est. 17% increase in value since last sale

Current estimated payment $2,403/month

1 Day on Market

Highlights

  • 100 Feet of Brackish Canal Waterfront
  • Parking available for a boat
  • Open Floorplan
  • Laurel Nokomis School Rated A-
  • Dock made with wood
  • Canal View

About This Home

As of June 2023

You've been waiting for this remarkably rare reasonably priced 3/2 Canal property. The canal leads straight out to the Intracoastal and then gulf access! This property needs work as well as a dock. This gives you the wonderful challenge and opportunity to make it the way you want it. Consider this your blank canvas to make it one of the nicest properties on the street. Property is located close to Pineview School, 681 and 41 or I75. The junction closest to the property has a gas station known to have the least expensive gas in the entire Sarasota area. The Nokomis public beach is just 5 minutes away. (1.7 miles). So bike or hike to the beach and next to it enjoy waterfront dining. It is home to Pops Sunset Grill, Pelican Alley, and 5 more actual water front dining areas unlike Sarasota! The property has sustained a leaking pipe between the bathroom and the kitchen. Seller believes there may be mold however we also believe that whoever buys this property is either going to demolish the property and start anew or totally gut the property and problem solved! The roof itself remained free of any damage due to Hurricane Ian and is water tight. The floor plan has an addition that is presented here as owner's suite however based on entry and size could also become a nice in law suite for an AirBnB or whatever works for you. The laundry is in the larger bathroom and it can be reconfigured to be a huge owner's bathroom or small kitchenette and bath. The possibilities are endless here...but the only known fact is they are not making more water front property like this in this specific location!

Last Agent to Sell the Property

Kay Winefordner

DALTON WADE INC License #0658857 Listed on: 05/26/2023

DALTON WADE INC

Co-Listed By

Brad Hodge

BAY VISION REALTY INC License #3029552

Last Buyer's Agent

Josh Wentzel

FINE PROPERTIES License #3284423

FINE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,773

Year Built

  • Built in 1965

Lot Details

  • 0.34 Acre Lot
  • 100 Feet of Brackish Canal Waterfront
  • Property fronts a canal with brackish water
  • South Facing Home
  • Chain Link Fence
  • Property is zoned RSF1

Home Design

  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Ceiling Fan
  • Family Room
  • Living Room
  • Inside Utility
  • Canal Views

Kitchen

  • Range
  • Dishwasher

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Closet Cabinetry
  • 2 Full Bathrooms

Parking

  • 2 Carport Spaces
  • Driveway
  • Parking available for a boat

Outdoor Features

  • Access to Brackish Canal
  • Dock made with wood
  • Enclosed Patio or Porch
  • Shed

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Laurel Villa Community
  • Laurel Villa Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,773

Year Built

Built in 1965

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1450
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1965
  • Building Area Total: 2175
  • Lot Size Sq Ft: 15000
  • Status: Sold
  • Co List Office Mls Id: MFR283503316
  • Co List Office Phone: 813-598-7744
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 202.06
  • Escrow City: Sarasota
  • Escrow State: FL
  • Escrow Street Name: Bee Ridge Rd #305
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 234.48
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • MFR_BedroomClosetType: Built-in Closet
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile, Wood
  • Full Bathrooms: 2
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Open Floorplan
  • Appliances Included: Dishwasher, Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Family Room,Inside Utility
  • Living Area Meters: 134.71

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s)
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Porch, Screened
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Access: Canal - Brackish
  • Water Extras: Dock - Wood
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 100
  • Flood Zone Panel: 12115C0239F
  • Additional Water Information: Subject's dock is in disrepair and can easily be built again to meet your needs. Small flatter bottom boats, canoes, and kayak type water.
  • Water Frontage Feet Canal Bracki: 100

Garage/Parking

  • Attached Garage: No
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Boat, Driveway

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: None

Fee Information

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

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0165050024
  • Additional Parcels: No
  • Fencing: Chain Link
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: Check with County guidelines only
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 3773
  • Tax Block: C
  • Tax Book Number: 324-476
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Canal - Brackish
  • Currency Monthly Rent Amt: 1400.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 10, 2024
Sold by
Wright John E
Bought by
Wright Irrevocable Realty Trust and Wright
Current Estimated Value
$396,284

Purchase Details

Listed on
May 26, 2023
Closed on
Jun 8, 2023
Sold by
Jackson-Mars Joanne L
Bought by
Wright John E
Seller's Agent
Kay Winefordner
DALTON WADE INC
Buyer's Agent
Josh Wentzel
FINE PROPERTIES
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%
Views
8

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.71%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wright Irrevocable Realty Trust $100 None Listed On Document
Wright John E $340,000 First International Title
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2023 06/08/23 Sold $340,000 -2.9% $234 / Sq Ft
05/28/2023 05/28/23 Pending -- -- --
05/26/2023 05/26/23 For Sale $350,000 0.0% $241 / Sq Ft
10/15/2020 10/15/20 Rented $1,350 0.0% --
10/02/2020 10/02/20 For Rent $1,350 +3.8% --
09/24/2019 09/24/19 Rented $1,300 -3.7% --
09/05/2019 09/05/19 Price Changed $1,350 -3.6% $1 / Sq Ft
08/26/2019 08/26/19 For Rent $1,400 -- --
Source: Stellar MLS

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 $4,092 $221,100 $220,000 $1,100
2024 $3,768 $288,700 $240,000 $48,700
2023 $3,768 $294,100 $235,000 $59,100
2022 $3,773 $310,400 $216,300 $94,100
2021 $3,179 $206,900 $110,000 $96,900
2020 $2,867 $169,300 $86,000 $83,300
2019 $2,893 $174,600 $87,000 $87,600
2018 $3,026 $202,600 $97,000 $105,600
2017 $2,703 $151,734 $0 $0
2016 $2,708 $168,400 $100,000 $68,400
2015 $2,362 $125,400 $60,000 $65,400
2014 $2,334 $110,660 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4571606

Stellar MLS

APN: 0165-05-0024

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