$295,000
SOLD MAR 1, 2019
2 Beds
1 Bath
839 Sq Ft
5,501 Sq Ft Lot

Recently Sold

$352 Per Sq Ft

13% Below List Price

45 Days on Market

Highlights

  • Property is near public transit
  • Living Room with Fireplace
  • Garden View
  • Booker High School Rated A-
  • Wood Flooring
  • No HOA

About This Home

As of April 2021

Location, location! Charming updated cottage just a couple of blocks from downtown Sarasota. Only 7 min drive to St. Armands, Lido Beach bridge and 11 Min drive to Sarasota Airport. In a quiet and highly sought after neighborhood, the home sits on 5th Street (not a thru street) in Gillespie Park. It will satisfy any primary home buyer, investor or someone looking for a vacation home. Property sits on a deep lot, Zoning DTN, ample off-street parking, no deed restrictions, private courtyard with natural landscaping, pond with a waterfall that attracts butterflies and birds. Spacious front and back wooden porches, fully fenced front and back yards offer complete privacy. The house has been well maintained, the structure is sound with original wooden floors and windows, plus a wood burning fireplace and built-in cabinets. Front bedroom has walk-in closet; the master has plenty of storage; the bathroom has a tub with shower and storage space. Recent updates include 2018 new electrical panel and complete rewiring; 2017 new plumbing; 2016 new AC and 2017 new ductwork; 2006 new roof and house is under a pest and termite control contract. Walking distance to Whole Foods, downtown restaurants, theatres, cinemas. The Opera House, West Coast Black Theatre, Library, Marina Jack’s, the Ritz Carlton, Westin, Art Ovation Hotels are all nearby. Gillespie Park with its pond and playground is just a couple of blocks away. In iRide zone for free rides around town. Furniture Optional. Virtual Tour offers full experience.

Last Agent to Sell the Property

Jennifer Naylor

ALLIANCE GROUP LIMITED License #3269869 Listed on: 11/06/2018

ALLIANCE GROUP LIMITED

Last Buyer's Agent

George Gordon, Jr

MEDWAY REALTY License #3271234

MEDWAY REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,609

Year Built

  • Built in 1926

Lot Details

  • 5,501 Sq Ft Lot
  • Street terminates at a dead end
  • South Facing Home
  • Fenced
  • Landscaped with Trees
  • Land Lease expires 12/31/18
  • Property is zoned DTN

Parking

  • Driveway

Home Design

  • Bungalow
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 839 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Drapes & Rods
  • Blinds
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Wood Flooring
  • Garden Views
  • Crawl Space

Kitchen

  • Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Screened Patio
  • Shed
  • Front Porch

Location

  • Property is near public transit
  • City Lot

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Satellite Dish
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Central Park Community
  • Central Park Sub Subdivision

Recreation

  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,609

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 839
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 1926
  • Building Area Total: 1040
  • Lot Size Sq Ft: 5501
  • Directions to Property: Since 5th Street is not a thru street, best to go from Fruitville and North on Osprey, then West (Left) on 5th Street.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4418265&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4418265&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.90769
  • Price per Sq Ft: 351.61
  • Close to Original List Price Ratio: 0.87021
  • Ratio: Current Price\Building Area Total: 283.65
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Hardwood
  • Full Bathrooms: 1
  • Interior Amenities: Living Room/Dining Room Combo, Master Bedroom Main Floor
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Crawlspace
  • Total Bedrooms: 2
  • Levels: One
  • Other Equipment: Satellite Dish
  • Stories: 1
  • Window Features: Blinds, Drapes
  • Street Number Modifier: 1681
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Other Structures: Shed(s)
  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • View: Garden
  • Waterfront: No
  • Patio and Porch Features: Front Porch, Patio, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0133F
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Park, Playground, Sidewalk
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: DTN
  • Parcel Number: 2026100046
  • Additional Parcels: No
  • Lot Features: City Lot, Near Public Transit, Sidewalk
  • Flood Zone Code: X500
  • Flood Zone Date: 2016-11-04
  • Land Lease Expiration Date: 2018-12-31
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Month To Month Or Weekly Y N: No

Tax Info

  • Tax Annual Amount: 2609
  • Tax Block: 1
  • Tax Book Number: 1-1
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 29, 2021
Closed on
Apr 21, 2021
Sold by
Wermelskirchen Robert J
Bought by
Newman Duffin D and Newman Heidi Z
Seller's Agent
George Gordon, Jr
MEDWAY REALTY
Buyer's Agent
Tim Lester
TIM LESTER INTERNAT'L REALTY
List Price
$429,000
Sold Price
$434,000
Premium/Discount to List
$5,000
1.17%
Current Estimated Value
$603,288

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,288
Avg. Annual Appreciation
8.93%

Purchase Details

Listed on
Nov 6, 2018
Closed on
Mar 1, 2019
Sold by
Cole Vera Z and Zavoico Basil
Bought by
Wermelskirchen Robert J
Seller's Agent
Jennifer Naylor
ALLIANCE GROUP LIMITED
Buyer's Agent
George Gordon, Jr
MEDWAY REALTY
List Price
$339,000
Sold Price
$295,000
Premium/Discount to List
-$44,000
-12.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.77%
Original Mortgage
$210,000
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 1, 2016
Bought by
Cole Vera Z

Purchase Details

Closed on
Jun 5, 2012
Sold by
Cole Timothy H
Bought by
Cole Vera Z

Purchase Details

Closed on
Feb 6, 2007
Sold by
The Butterfly House Llc
Bought by
Cole Timothy H and Cole Vera Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.16%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 20, 2003
Sold by
Cole Timothy H and Cole Vera Z
Bought by
Butterfly House L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
6.16%

Purchase Details

Closed on
Dec 27, 2002
Sold by
Nicholas Lance
Bought by
Cole Timothy H and Cole Vera Z

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,750
Interest Rate
6.16%

Purchase Details

Closed on
Apr 3, 2001
Sold by
Calloway Johnnie W
Bought by
Nicholas Lance

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,750
Interest Rate
7.01%

Purchase Details

Closed on
Feb 24, 1998
Sold by
Herrli James R
Bought by
Calloway Johnnie W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$49,500
Interest Rate
6.86%
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 Type Sale Price Title Company
Warranty Deed $434,000 Attorney
Warranty Deed $295,000 Attorney
Deed $49,100 --
Interfamily Deed Transfer -- Attorney
Warranty Deed $111,800 Riddelltitle & Escrow Llc
Warranty Deed -- --
Warranty Deed $157,000 --
Warranty Deed $105,000 --
Warranty Deed $52,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $210,000 Purchase Money Mortgage
Previous Owner $135,000 Unknown
Previous Owner $117,750 No Value Available
Previous Owner $99,750 No Value Available
Previous Owner $49,500 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/21/2021 04/21/21 Sold $434,000 +1.2% $517 / Sq Ft
03/31/2021 03/31/21 Pending -- -- --
03/29/2021 03/29/21 For Sale $429,000 +45.4% $511 / Sq Ft
03/01/2019 03/01/19 Sold $295,000 -9.2% $352 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
11/26/2018 11/26/18 Price Changed $325,000 -4.1% $387 / Sq Ft
11/15/2018 11/15/18 For Sale $339,000 0.0% $404 / Sq Ft
11/12/2018 11/12/18 Pending -- -- --
11/06/2018 11/06/18 For Sale $339,000 -- $404 / 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 $7,192 $507,000 $317,400 $189,600
2023 $7,192 $476,500 $301,000 $175,500
2022 $6,630 $436,100 $283,500 $152,600
2021 $4,309 $271,000 $149,900 $121,100
2020 $3,998 $241,300 $143,900 $97,400
2019 $3,279 $218,800 $119,000 $99,800
2018 $2,914 $186,100 $123,500 $62,600
2017 $2,609 $148,346 $0 $0
2016 $2,477 $150,800 $83,400 $67,400
2015 $2,203 $122,600 $72,500 $50,100
2014 $2,117 $113,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4418265

Stellar MLS

APN: 2026-10-0046