NOT LISTED FOR SALE

1923 5th St Sarasota, FL 34236

Downtown Sarasota Neighborhood

Estimated Value: $1,138,000 - $1,303,902

0.24 Acre
$5,213,442 Price per Acre
10,500 Sq Ft Lot

Last Sold May 11, 2022

Last sale price $575,000

Est. 118% increase in value since last sale

Current estimated payment $7,079/month

3 Days on Market

About This Lot

As of May 2022

Developers wanted, amazing 10,500 sf of infill land in the heart of downtown Sarasota in Gillespie park. Zoned DTE (downtown edge) so the possibilities are endless. Up to five stories, 25 units / acre, residential, commercial, mixed use. Let's talk about it...

Last Agent to Sell the Property

Rex Glasson

DOUGLAS ELLIMAN License #3067512 Listed on: 03/25/2022

DOUGLAS ELLIMAN

Last Buyer's Agent

Mark Coppens

EXP REALTY LLC License #3340198

EXP REALTY LLC

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,756

Lot Details

  • 10,500 Sq Ft Lot
  • Lot Dimensions are 100 x 105
  • South Facing Home
  • Cleared Lot
  • Property is zoned DTE

Schools

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

Community Details

  • Inwood Park Community
  • Inwood Park First Add Subdivision

Listing and Financial Details

  • Legal Lot and Block 16 / 3
  • Assessor Parcel Number 2026090007

Property Details

Property Type

Land

Est. Annual Taxes

$2,756

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.24
  • Lot Size Sq Ft: 10500
  • Status: Sold
  • Total Acreage: 0 to less than 1/4
  • Ratio: Close Price\List Price: 0.91284
  • Price per Sq Ft: 54.76
  • Close to Original List Price Ratio: 0.91284
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Direction Faces: South
  • Road Frontage Type: City Street
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Front Footage: 100
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Other
  • Sewer: None, Public Sewer
  • Water Source: None, Public
  • Cooling Y N: No
  • Heating Yn: Yes

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTE
  • Parcel Number: 2026090007
  • Additional Parcels: No
  • Current Use: Mixed Use
  • Lot Features: Cleared
  • Lot Dimensions: 100 X 105
  • Price Per Acre: 2395833
  • Flood Zone Code: X

Rental Info

  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 2755.61
  • Tax Block: 3
  • Tax Book Number: A-23
  • Tax Lot: 16

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 8, 2023
Sold by
Cornerstone Investments Inc
Bought by
Velocity Jdl Llc
Current Estimated Value
$1,251,226

Purchase Details

Listed on
Mar 25, 2022
Closed on
May 11, 2022
Sold by
Dan And Bilha Davidson Family Trust
Bought by
Cornerstone Investments Inc
Seller's Agent
Rex Glasson
DOUGLAS ELLIMAN
Buyer's Agent
Mark Coppens
EXP REALTY LLC
List Price
$629,900
Sold Price
$575,000
Premium/Discount to List
-$54,900
-8.72%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.38%

Purchase Details

Closed on
Apr 11, 2018
Sold by
Gillespie 432 Llc
Bought by
Davidson Bilha and The Family Trust Of Dan And Bilha Davids

Purchase Details

Closed on
Jun 29, 2012
Sold by
Henry L Porter Evangelistic Association
Bought by
Gillespie 432 Llc

Purchase Details

Closed on
Jul 8, 1998
Sold by
Palermo George L and Palermo George
Bought by
Henry L Porter Evangelical Assn Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Velocity Jdl Llc $100 None Listed On Document
Cornerstone Investments Inc $629,000 Gibson Kohl & Wolff Pl
Davidson Bilha $160,000 Attorney
Gillespie 432 Llc $100,000 Attorney
Henry L Porter Evangelical Assn Inc $50,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/11/2022 05/11/22 Sold $575,000 -8.7% --
03/29/2022 03/29/22 Pending -- -- --
03/25/2022 03/25/22 For Sale $629,900 -- --
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
2025 $7,207 $539,880 -- --
2024 $6,873 $490,800 $490,800 --
2023 $6,873 $464,900 $464,900 $0
2022 $3,228 $304,100 $300,700 $3,400
2021 $2,756 $225,400 $221,500 $3,900
2020 $2,021 $124,300 $120,300 $4,000
2019 $2,100 $129,600 $125,700 $3,900
2018 $2,003 $122,700 $120,800 $1,900
2017 $2,024 $122,800 $120,800 $2,000
2016 $2,002 $122,800 $120,800 $2,000
2015 $1,953 $122,900 $120,800 $2,100
2014 $1,672 $96,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rex Glasson

    Seller's Agent in 2022

    Rex Glasson

    DOUGLAS ELLIMAN

    (941) 587-6135

    2 in this area

    59 Total Sales

    Rex Glasson
    Section Image
  • Mark Coppens

    Buyer's Agent in 2022

    Mark Coppens

    EXP REALTY LLC

    (941) 444-0436

    13 in this area

    76 Total Sales

    Mark Coppens
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4529537

Stellar MLS

APN: 2026-09-0007

Florida Sarasota County Sarasota 34236 Downtown Sarasota

1923 5th St, Sarasota, FL

Not Listed for Sale

Lots

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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