NOT LISTED FOR SALE

Estimated Value: $612,000 - $696,043

4 Beds
3 Baths
2,130 Sq Ft
$307/Sq Ft Est. Value

Last Sold June 01, 2022

Last sale price $680,000 $319 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,969/month

105 Days on Market

Highlights

  • The property is located in a historic district
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Booker High School Rated A-
  • Covered Patio or Porch
  • 4-minute walk to Gillespie Park

About This Home

As of June 2022

Investment opportunity for developers in downtown Sarasota. DOUBLE LOT only 1 minute from Main Street in Downtown Sarasota! The DTN zoning allows for the property to be divided and rebuilt. Located in Gillespie Park, this charming 3/2 single family home with 1/1 mother in law unit is an ideal investment opportunity. Tenants currently occupy both units with a lease that gives new owners option to extend or terminate. Collect rental income while waiting for permits. Property is not available for on-site showings.

Last Agent to Sell the Property

Olivier Corizzi

AVENUE REAL ESTATE GROUP INC License #3325957 Listed on: 01/12/2022

Last Buyer's Agent

Grace Bonaccorso

PREFERRED SHORE LLC License #3231509

PREFERRED SHORE LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,017

Year Built

  • Built in 1950

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100x100
  • Fenced

Home Design

  • 2,130 Sq Ft Home
  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Location

  • The property is located in a historic district
  • City Lot

Schools

  • Alta Vista Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Heating and Cooling System
  • Heating System Mounted To A Wall or Window

Additional Features

  • Range
  • Split Bedroom Floorplan
  • Covered Patio or Porch

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Gillespie Park Sub Community
  • Petroutsa Brothers Sub Subdivision
  • Rental Restrictions

Building Details

  • Gross Income $24,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,017

Year Built

Built in 1950

Lot Details

10,000 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 2130
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1950
  • Lot Size Sq Ft: 10000
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4522010?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4522010?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: 0.97842
  • Price per Sq Ft: 319.25
  • Close to Original List Price Ratio: 0.97842
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Interior Amenities: Master Bedroom Main Floor, Split Bedroom
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Slab
  • Levels: One
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch
  • Road Surface Type: Paved, Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central, Electric, Wall Units / Window Unit
  • 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: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTN
  • Parcel Number: 2026020051
  • Additional Parcels: No
  • Lot Features: Historic District, City Lot
  • Lot Dimensions: 100x100
  • Flood Zone Code: X

Rental Info

  • Total Actual Rent: 2045
  • Minimum Lease: 1-7 Days
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Buyer responsible for verifying city and county rental restrictions.

Multi Family

  • Gross Income: 24540
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 5016.52
  • Tax Block: B
  • Tax Book Number: 1-18
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2022
Closed on
May 26, 2022
Sold by
Douglas Bond Jr Kenneth
Bought by
Balmoral Real Estate Llc
Seller's Agent
Olivier Corizzi
AVENUE REAL ESTATE GROUP INC
Buyer's Agent
Grace Bonaccorso
PREFERRED SHORE LLC
List Price
$695,000
Sold Price
$680,000
Premium/Discount to List
-$15,000
-2.16%
Current Estimated Value
$652,951

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$27,049
Avg. Annual Appreciation
-1.04%

Purchase Details

Listed on
Mar 6, 2021
Closed on
Apr 20, 2021
Sold by
By The Park Developments Llc
Bought by
Bond Kenneth Douglas and Drechsler Brian A
Seller's Agent
Sean Hickey
FINE PROPERTIES
Buyer's Agent
Olivier Corizzi
AVENUE REAL ESTATE GROUP INC
List Price
$499,900
Sold Price
$475,000
Premium/Discount to List
-$24,900
-4.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
38.98%
Original Mortgage
$380,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2005
Sold by
Mcneelan Mike J
Bought by
By The Park Developments Llc

Purchase Details

Closed on
Jun 8, 2001
Sold by
Mcneelan Mike
Bought by
Mcneelan Mike

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$128,000
Interest Rate
7.06%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2000
Sold by
Roberson Esther Mae and Lowery Esther Mae
Bought by
Mcneelan Mike J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$66,850
Interest Rate
8.2%
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
Balmoral Real Estate Llc $680,000 New Title Company Name
Bond Kenneth Douglas $475,000 None Listed On Document
By The Park Developments Llc $325,000 --
Mcneelan Mike -- --
Mcneelan Mike -- --
Mcneelan Mike J $78,000 --
Mcneelan Mike J $78,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bond Kenneth Douglas $380,000
Previous Owner Mcneelan Mike $128,000
Previous Owner Mcneelan Mike J $66,850
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/01/2022 06/01/22 Sold $680,000 0.0% $319 / Sq Ft
06/01/2022 06/01/22 Sold $680,000 -2.2% $319 / Sq Ft View Prior Sale
04/26/2022 04/26/22 Pending -- -- --
04/26/2022 04/26/22 Pending -- -- --
01/11/2022 01/11/22 For Sale $695,000 0.0% $326 / Sq Ft
12/03/2021 12/03/21 For Sale $695,000 +2.2% $326 / Sq Ft
12/01/2021 12/01/21 Off Market $680,000 -- --
06/28/2021 06/28/21 Price Changed $695,000 -4.0% $326 / Sq Ft
06/07/2021 06/07/21 Price Changed $723,900 -3.5% $340 / Sq Ft
05/22/2021 05/22/21 For Sale $750,000 +57.9% $352 / Sq Ft
04/30/2021 04/30/21 Sold $475,000 -5.0% $223 / Sq Ft View Prior Sale
03/12/2021 03/12/21 Pending -- -- --
03/06/2021 03/06/21 For Sale $499,900 -- $235 / Sq Ft
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 $7,297 $493,317 -- --
2024 $6,334 $448,470 -- --
2023 $6,334 $407,700 $306,000 $101,700
2022 $5,388 $342,100 $271,500 $70,600
2021 $5,262 $334,500 $207,800 $126,700
2020 $5,017 $316,800 $217,300 $99,500
2019 $4,497 $277,500 $179,800 $97,700
2018 $4,247 $270,200 $181,500 $88,700
2017 $3,918 $215,004 $0 $0
2016 $3,731 $233,600 $135,100 $98,500
2015 $3,361 $195,600 $117,500 $78,100
2014 $3,239 $146,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4522010

Stellar MLS

APN: 2026-02-0051

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