NOT LISTED FOR SALE

Estimated Value: $1,600,000 - $2,009,000

4 Beds
4 Baths
1,999 Sq Ft
$933/Sq Ft Est. Value

Last Sold October 28, 2022

Last sale price $1,975,000 $988 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $12,222/month

2 Days on Market

Highlights

  • Solid Surface Countertops
  • No HOA
  • Laundry Room
  • Southside Elementary School Rated A
  • Walk-In Closet
  • Ceramic Tile Flooring

About This Home

As of October 2022

A rare opportunity to own one of the last one-story RMF duplexes on Lido Key. Lido Beach, the Lido Pool Pavilion and the Ritz-Carlton tiki hut a few homes down at end of street. St. Armands Circle restaurants and shops are only a short walk. One can take advantage of weekly rentals and rent both sides for income potential, or rent one side and live in the other. Two bedrooms, two baths, inside laundry rooms and carport on each side with about 1,000 square feet each. Move-in ready with ceramic floors throughout, plantation shutters, new quartz countertops and fenced. It could also easily be converted into a single-family home with four bedrooms, four baths. Drive by and see all of the multimillion-dollar new development on this street and surrounding area. Last photo is taken from drone at potential new build rooftop deck view height. ****HIGHEST & BEST DUE 8/19/22

Last Agent to Sell the Property

Katy McBrayer

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3292947 Listed on: 08/17/2022

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Ryan Hackney

SATO REAL ESTATE INC. License #3460237

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,890

Year Built

  • Built in 1974

Lot Details

  • 6,000 Sq Ft Lot
  • Fenced

Parking

  • 2 Carport Spaces

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,999 Sq Ft Home
  • Ceramic Tile Flooring
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Bathrooms

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2,639 Sq Ft Building
  • Lido Beach Subdivision

Pet Policy

  • No limit on the number of pets
  • Extra large pets allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,890

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1999
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 2639
  • Lot Size Sq Ft: 6000
  • Directions to Property: St. Armands, to Ben Franklin, Grant on left side, Units on right hand side of Grant
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4545442?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4545442?w=Customer
  • Unit Count: 2
  • Number Of Pets: 10+
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Subdivision Num: 85
  • Ratio: Close Price\List Price: 1.12857
  • Price per Sq Ft: 987.99
  • Close to Original List Price Ratio: 1.12857
  • Ratio: Current Price\Building Area Total: 748.39
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Solid Surface Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Street Number Modifier: 138
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • 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
  • S W Subdiv Condo Num: Lido Beach
  • Association Approval Required YN: No

Lot Info

  • Zoning: RMF2
  • Parcel Number: 2016060014
  • Additional Parcels: No
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 1 Week
  • Pet Restrictions: See City of Sarasota for restrictions
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: See City of Sarasota or restrictions

Multi Family

  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 10890.06
  • Tax Lot: 17

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2022
Closed on
Oct 8, 2022
Sold by
Mushrush Investment Limited Partnership
Bought by
10420 Spoonbill Rd Llc
Seller's Agent
Katy McBrayer
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Ryan Hackney
SATO REAL ESTATE INC.
List Price
$1,750,000
Sold Price
$1,975,000
Premium/Discount to List
$225,000
12.86%
Views
2
Current Estimated Value
$1,875,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$99,365
Avg. Annual Appreciation
-1.97%
Original Mortgage
$1,200,000
Outstanding Balance
$1,166,029
Interest Rate
6.7%
Mortgage Type
Credit Line Revolving
Estimated Equity
$702,125
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
10420 Spoonbill Rd Llc $1,975,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 10420 Spoonbill Rd Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $1,975,000 +12.9% $988 / Sq Ft
08/20/2022 08/20/22 Pending -- -- --
08/17/2022 08/17/22 For Sale $1,750,000 -- $875 / 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 $23,437 $1,472,900 $1,290,000 $182,900
2023 $23,437 $1,567,600 $1,350,000 $217,600
2022 $12,790 $967,200 $835,500 $131,700
2021 $10,890 $694,600 $621,000 $73,600
2020 $10,074 $615,600 $479,700 $135,900
2019 $9,923 $607,700 $462,000 $145,700
2018 $9,330 $568,700 $420,000 $148,700
2017 $9,059 $536,606 $0 $0
2016 $8,283 $492,600 $390,000 $102,600
2015 $7,751 $451,800 $359,100 $92,700
2014 $7,363 $366,509 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4545442

Stellar MLS

APN: 2016-06-0014