NOT LISTED FOR SALE

Estimated Value: $590,000 - $681,000

4 Beds
3 Baths
1,913 Sq Ft
$330/Sq Ft Est. Value

Last Sold March 04, 2021

Last sale price $430,000 $225 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $4,079/month

126 Days on Market

Highlights

  • Ceramic Tile Flooring
  • Central Heating and Cooling System
  • Fenced
  • Phillippi Shores Elementary School Rated A
  • Ceiling Fan

About This Home

As of March 2021

Investor Alert!! 3 fully rented units with a cap rate of 6%. All 3 units have annual leases in place. Front Duplex offers a 1 bedroom, 1 bath, on one side and the other side is a 2 bedroom, 1 bath. The 1 bedroom has been recently remodeled. Back Cottage has 1 bedroom, 1 bath, with a screened porch and has been newly painted and recently remodeled. Entire property is fenced and has a laundry area available for all 3 units. Stone landscape for easy low-cost maintenance. Roofs replaced on both buildings in 2017. Duplex water heaters replaced in 2020. Windows in all 3 units have been replaced with PGT windows. Property is within a few steps to Trader Joe s and within a couple miles to Sarasota Memorial Hospital and the Siesta Key north bridge. Tenants will need 24-hour notice for showings. Please do not walk the property.

Last Agent to Sell the Property

Mischa Pacini

THE SUNSHINE STATE COMPANY License #3274406 Listed on: 09/28/2020

Last Buyer's Agent

Toni Zarghami

KW COASTAL LIVING III License #3283821

KW COASTAL LIVING III

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,118

Year Built

  • Built in 1950

Lot Details

  • 7,050 Sq Ft Lot
  • Lot Dimensions are 60x118
  • Fenced

Home Design

  • Triplex
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,913 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Cooktop
  • Microwave

Flooring

  • Laminate
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Utilities

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

Community Details

  • 3 Units
  • South Highland Community
  • South Highland Amd Of Subdivision

Listing and Financial Details

  • Legal Lot and Block 28 / A
  • Assessor Parcel Number 0076090037

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,118

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Wood Frame
  • Living Area: 1913.00
  • Lot Size Acres: 0.16
  • Year Built: 1950
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479346?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479346?w=Customer
  • Lot Size Sq Ft: 7050
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479346?w=PubMLS
  • Directions to Property: From Bee Ridge, go south on 41 and take a right on Robinhood, (2 streets past Best Buy).
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046728
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Cooktop, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Living Area Meters: 177.72
  • Street Number Modifier: 1825

Exterior Features

  • Exterior Features: Fenced
  • Roof: Shingle
  • Flood Zone Code: x

Utilities

  • Utilities: Cable Available, Cable Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: South Highland

Lot Info

  • Total Acreage: 0 to less than 1/4
  • Zoning: RSF3
  • Parcel Number: 0076090037
  • Lot Dimensions: 60x118
  • Lot Size Square Meters: 655

Multi Family

  • Total Num Buildings: 2
  • Unit Count: 3
  • Number Of Units Total: 3

Tax Info

  • Tax Annual Amount: 4117.96
  • Tax Block: A
  • Tax Book Number: 2-93
  • Tax Lot: 28

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 8, 2021
Sold by
Borelli Joseph Dean and Borelli Stacet Lianne
Bought by
Robinhood Of Sarasota Llc
Total Days on Market
126
Current Estimated Value
$631,470

Purchase Details

Listed on
Sep 28, 2020
Closed on
Mar 4, 2021
Sold by
Pacini Michael John and Pacini Mischa Pinter
Bought by
Borelli Joseph Dean and Borelli Stacey Lianne
Seller's Agent
Mischa Pacini
THE SUNSHINE STATE COMPANY
Buyer's Agent
Toni Zarghami
KW COASTAL LIVING III
List Price
$450,000
Sold Price
$430,000
Premium/Discount to List
-$20,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.63%
Original Mortgage
$250,000
Interest Rate
2.7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 18, 2017
Closed on
May 31, 2017
Sold by
Sabal Palm Bank
Bought by
Pacini Michael John and Pacini Mischa Pinter
Seller's Agent
Lois Seropian
COLDWELL BANKER REALTY
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$375,000
Sold Price
$350,000
Premium/Discount to List
-$25,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%

Purchase Details

Closed on
Jan 2, 2017
Sold by
Henry Jack D
Bought by
Sabal Palm Bank and Christine A Peterillo Self Directre

Purchase Details

Closed on
May 1, 2014
Sold by
Rogers C Raymond
Bought by
Henry Jack D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$78,625
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2009
Sold by
Burch Paul and Burch Leigh Ann
Bought by
Henry Jack David and Raymond Rogers C

Purchase Details

Closed on
May 26, 2005
Sold by
Rigas Constantino and Rigas Lisa
Bought by
Burch Paul and Burch Leigh Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 10, 2004
Sold by
Cassidy Colleen
Bought by
Rigas Constantino and Rigas Lisa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,125
Interest Rate
5.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 21, 2003
Sold by
Graber Philip
Bought by
Cassidy Colleen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$164,600
Interest Rate
5.93%

Purchase Details

Closed on
Mar 31, 2003
Sold by
Clerk Circuit Court
Bought by
Graber Philip

Purchase Details

Closed on
May 17, 1996
Sold by
Fisher Eugene and Fisher Robin L
Bought by
Fisher Eugene and Fisher Robin L
Source: Public Records

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Range of Values:

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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
Robinhood Of Sarasota Llc -- Accommodation
Borelli Joseph Dean $430,000 Attorney
Pacini Michael John $350,000 Attorney
Sabal Palm Bank $240,000 None Available
Henry Jack D $73,000 Attorney
Henry Jack David $170,000 Stewart Title Company
Burch Paul $382,500 --
Rigas Constantino $289,500 --
Cassidy Colleen $219,500 --
Graber Philip $90,100 --
Fisher Eugene $27,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Borelli Joseph Dean $250,000
Previous Owner Henry Jack David $78,625
Previous Owner Burch Paul $306,000
Previous Owner Rigas Constantino $217,125
Previous Owner Cassidy Colleen $164,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2021 03/04/21 Sold $430,000 0.0% $225 / Sq Ft
02/01/2021 02/01/21 Pending -- -- --
12/11/2020 12/11/20 Off Market $430,000 -- --
09/28/2020 09/28/20 For Sale $450,000 +28.6% $235 / Sq Ft
08/29/2017 08/29/17 Off Market $350,000 -- --
05/31/2017 05/31/17 Sold $350,000 -6.7% $183 / Sq Ft
04/27/2017 04/27/17 Pending -- -- --
04/17/2017 04/17/17 For Sale $375,000 -- $196 / 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 $6,523 $479,500 $236,400 $243,100
2023 $6,523 $477,200 $213,400 $263,800
2022 $6,372 $429,100 $197,900 $231,200
2021 $4,487 $277,300 $140,400 $136,900
2020 $4,118 $238,200 $99,500 $138,700
2019 $3,694 $209,100 $70,300 $138,800
2018 $4,074 $245,800 $101,400 $144,400
2017 $3,130 $166,800 $101,400 $65,400
2016 $2,972 $151,700 $100,400 $51,300
2015 $3,203 $216,700 $169,500 $47,200
2014 $2,611 $117,590 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4479346

Stellar MLS

APN: 0076-09-0037