NOT LISTED FOR SALE

Estimated Value: $334,000 - $369,970

4 Beds
2 Baths
1,694 Sq Ft
$206/Sq Ft Est. Value

Last Sold April 30, 2024

Last sale price $360,000 $213 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $2,081/month

162 Days on Market

Highlights

  • No HOA
  • Central Heating and Cooling System
  • Ceiling Fan
  • Riverview High School Rated A

About This Home

As of April 2024

Looking for a great investment opportunity in Sarasota? Check out this duplex property on Marcia Street near the Square Mall. This property, features two units of 2 bedrooms and 1 bathroom each. Both units are currently rented and generate a steady income. The property is well-maintained and has a large backyard. It is conveniently located close to downtown, shopping, and beaches. Don't miss this chance to own a piece of Sarasota's real estate market! Property has a new lift pump and one unit a brand new AC. Property will need a new roof. 1902 will need renovations. Leases are up Feb 2024 unit 1900 and August 2024 unit 1902 . Current rents are $1500 and $1200 very low due to poor property management can be in the realm of $1800. Tenant occupied and Owner may give a 60 day notice to terminate the leases.

Last Agent to Sell the Property

Desiree Doggett

NEXTHOME EXCELLENCE Brokerage Phone: 941-366-3661 License #3272616 Listed on: 09/16/2023

NEXTHOME EXCELLENCE

Last Buyer's Agent

Shannon Rogers

PREFERRED SHORE LLC License #0676751

PREFERRED SHORE LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,322

Year Built

  • Built in 1979

Lot Details

  • 7,500 Sq Ft Lot

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,694 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Bathrooms

Schools

  • Gulf Gate Elementary School
  • Brookside Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Units
  • North Vamo Community
  • North Vamo Sub 2 Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,322

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1694
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 1979
  • Lot Size Sq Ft: 7500
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Directions to Property: From US 41 South Turn right onto Marcia St. Go for 489 ft.
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046601
  • RATIO Current Price By Calculate: 212.51
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 941-366-3661
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Street Number Modifier: 1900
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 157.38

Exterior Features

  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: None, Other Disclosures
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0226F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Gulf Gate Elementary
  • High School: Riverview High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0124120029
  • Additional Parcels: No
  • Flood Zone Code: X
  • Lot Size Square Meters: 697

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 1
  • Est Annual Market Income: 43200.00

Tax Info

  • Tax Annual Amount: 2322
  • Tax Block: B
  • Tax Book Number: 1-92
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 16, 2023
Closed on
Apr 26, 2024
Sold by
Danbrs Llc
Bought by
Hardrick Samuel and Leathers Anthony D
Seller's Agent
Desiree Doggett
NEXTHOME EXCELLENCE
Buyer's Agent
Shannon Rogers
PREFERRED SHORE LLC
List Price
$389,900
Sold Price
$360,000
Premium/Discount to List
-$29,900
-7.67%
Views
224
Current Estimated Value
$349,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,757
Avg. Annual Appreciation
-2.17%
Original Mortgage
$270,000
Outstanding Balance
$266,454
Interest Rate
6.87%
Mortgage Type
New Conventional
Estimated Equity
$82,789

Purchase Details

Closed on
Feb 28, 2019
Sold by
Vrable Properties Llc
Bought by
Danbrs Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
4.4%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Aug 29, 2014
Sold by
Vrable Larry Edward and Vrable Larry
Bought by
Vrable Properties Llc

Purchase Details

Closed on
Nov 7, 2003
Sold by
Vrable Linda S
Bought by
Vrable Larry
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hardrick Samuel $360,000 None Listed On Document
Danbrs Llc $160,000 Attorney
Vrable Properties Llc -- Attorney
Vrable Larry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hardrick Samuel $270,000
Previous Owner Danbrs Llc $140,000
Previous Owner Vrable Larry E $17,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/30/2024 04/30/24 Sold $360,000 -6.4% $213 / Sq Ft
02/27/2024 02/27/24 Price Changed $384,500 -1.4% $227 / Sq Ft
02/26/2024 02/26/24 Pending -- -- --
01/16/2024 01/16/24 For Sale $389,900 0.0% $230 / Sq Ft
01/11/2024 01/11/24 Pending -- -- --
01/10/2024 01/10/24 Price Changed $389,900 -2.0% $230 / Sq Ft
01/05/2024 01/05/24 For Sale $398,000 0.0% $235 / Sq Ft
12/30/2023 12/30/23 Pending -- -- --
11/25/2023 11/25/23 Price Changed $398,000 0.0% $235 / Sq Ft
11/25/2023 11/25/23 For Sale $398,000 -16.2% $235 / Sq Ft
11/15/2023 11/15/23 Pending -- -- --
10/26/2023 10/26/23 Price Changed $474,900 -2.1% $280 / Sq Ft
10/19/2023 10/19/23 Price Changed $484,900 -2.8% $286 / Sq Ft
09/16/2023 09/16/23 For Sale $499,000 -- $295 / 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 $2,648 $169,884 -- --
2023 $2,648 $179,900 $90,700 $89,200
2022 $2,322 $140,400 $72,500 $67,900
2021 $2,528 $155,300 $64,900 $90,400
2020 $2,326 $135,400 $62,800 $72,600
2019 $2,443 $154,200 $69,800 $84,400
2018 $2,367 $160,800 $60,300 $100,500
2017 $2,127 $120,890 $0 $0
2016 $1,927 $109,900 $29,400 $80,500
2015 $1,929 $107,200 $28,700 $78,500
2014 $1,798 $78,760 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4582926

Stellar MLS

APN: 0124-12-0029