$350,000
SOLD MAY 31, 2017
-- Bed
-- Bath
1,913 Sq Ft
7,050 Sq Ft Lot

Recently Sold

$183 Per Sq Ft

7% Below List Price

9 Days on Market

Highlights

  • Guest House
  • Custom Home
  • Property is near public transit
  • Phillippi Shores Elementary School Rated A
  • Deck
  • No HOA

About This Home

As of March 2021

Investors Alert -- 3 fully rented units with a cap rate of 7.5%. Very low maintenance needed on this centrally located West of the Trail Sarasota Triplex. Front duplex offers 2 bedroom and 1 bath on one side and then 1 bedroom, 1 bath on other side. Back Cottage has one bedroom, 1 bath, just remodeled. All 3 units have annual leases in place. Long term tenants, 8-9 years, 2-3 years. Gross income $32,700 less $3,000 for taxes and monthly expenses for water and sewer, owner is netting $28,000 -- 7.5% cap. Owners have installed new roofs on both buildings 2017. Cottage was just remodeled. Entire property is fenced and has maintenance free stones. Laundry shed is available for all 3 units.
Property will be shown via 3D Virtual Tour on the units out of respect for tenants. All buyers will need to provide proof of funds and tenants will need 24-48 hour notice. Property is walking distance to Trader Joe's, a mile and a half to Sarasota Memorial Hospital and the Siesta Key North Bridge, 3 miles to down town Sarasota and #1 rated by Trip Adviser Beach Siesta Key.

Last Agent to Sell the Property

Lois Seropian

COLDWELL BANKER REALTY License #3086579 Listed on: 04/18/2017

COLDWELL BANKER REALTY

Co-Listed By

Bill Riley

COLDWELL BANKER REALTY License #3086715

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,972

Year Built

  • Built in 1950

Lot Details

  • 7,050 Sq Ft Lot
  • Lot Dimensions are 117x60
  • Fenced

Home Design

  • 1,913 Sq Ft Home
  • Triplex
  • Custom Home
  • Wood Frame Construction
  • Shingle Roof

Kitchen

  • Range
  • Microwave

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Deck
  • Enclosed patio or porch

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Riverview High School

Utilities

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

Additional Features

  • In-Law or Guest Suite
  • Guest House
  • Property is near public transit

Listing and Financial Details

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

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • South Highland Community
  • South Highland Amd Of Subdivision

Pet Policy

  • Pets Allowed

Building Details

  • Gross Income $32,700

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,972

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Architectural Style: Custom
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1913
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 1950
  • Lease Term: Twenty Four Months
  • Lot Size Sq Ft: 7050
  • Directions to Property: From Bee Ridge, head south on 41, Robinhood is across from Trader Joe's and 2 streets down from Best Buy
  • Status: Sold
  • Co List Office Mls Id: MFR281502372
  • Co List Office Phone: 941-349-4411
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1046744
  • RATIO Current Price By Calculate: 182.96
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Appliances Included: Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Levels: One
  • Street Number Modifier: 1825
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Interior In-Law Apt

Exterior Features

  • Other Structures: Guest House
  • Exterior Features: Fence, Sidewalk
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Enclosed, Patio, Porch, Screened
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04T00:00:00.000
  • Flood Zone Panel: 12115C0141F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, None, Open

Utilities

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

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No
  • Senior Community: No
  • Pet Restrictions: Depends on individual lease
  • Association Fee Requirement: None

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Riverview High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0076090037
  • Additional Parcels: No
  • Lot Features: In County, Near Public Transit, Sidewalk, Paved
  • Lot Dimensions: 117X60
  • Property Attached Yn: Yes
  • Flood Zone Code: X
  • Homestead YN: 0

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Gross Income: 32700
  • Number Of Units Total: 3
  • Total Num Buildings: 2
  • Unit Count: 1

Tax Info

  • Tax Annual Amount: 2972
  • 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
9
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
9.44%
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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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 -- Accommodation
Warranty Deed $430,000 Attorney
Warranty Deed $350,000 Attorney
Warranty Deed $240,000 None Available
Warranty Deed $73,000 Attorney
Warranty Deed $170,000 Stewart Title Company
Warranty Deed $382,500 --
Warranty Deed $289,500 --
Warranty Deed $219,500 --
Deed $90,100 --
Quit Claim Deed $27,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $250,000 New Conventional
Previous Owner $78,625 New Conventional
Previous Owner $306,000 Purchase Money Mortgage
Previous Owner $217,125 Purchase Money Mortgage
Previous Owner $164,600 No Value Available
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: A4183780

Stellar MLS

APN: 0076-09-0037