NOT LISTED FOR SALE

Estimated Value: $740,000 - $978,000

5.01 Acres
$167,269 Price per Acre
218,236 Sq Ft Lot

Last Sold May 21, 2024

Last sale price $900,000

Est. 7% decrease in value since last sale

Current estimated payment $4,886/month

76 Days on Market

Highlights

  • 800 Feet of Waterfront
  • Access To Pond
  • 5.01 Acre Lot
  • Tatum Ridge Elementary School Rated A-
  • Lake View
  • No HOA

About This Lot

As of May 2024

Stunning five acres available for sale. Rarely do you find vacant land with such potential. Build your dream home on this 5 Acre parcel in Sarasota Florida. This booming Location, Fruitville just east of I-75 has easy access to Sarasota's downtown in 10 minutes, same for Lakewood Ranch and is adjacent to the Founders Club. If your looking for space yet the convenience of in town location, this is it. There was a home previously on this site, it was removed and the barn is still in place, great for storage. There are plans to build a beautiful home that can be passed on or we can connect you with the amazing local architects and builders who can create the home you've been dreaming of, there are no restriction to who you use as the builder. The southeast corner is bordered by a small spring fed lake that borders several other adjacent properties. NO HOA so bring on the horses, boat or motorhome.

Last Agent to Sell the Property

Brooke O'Malley

CLUB REALTY Brokerage Phone: 941-366-8390 License #3055741 Listed on: 02/16/2024

Last Buyer's Agent

Brooke O'Malley

CLUB REALTY Brokerage Phone: 941-366-8390 License #3055741 Listed on: 02/16/2024

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $5,397

Lot Details

  • 5.01 Acre Lot
  • Lot Dimensions are 400x600
  • 800 Feet of Waterfront
  • 400 Feet of Lake Waterfront
  • Lake Front
  • 400 Feet of Pond Waterfront
  • Wire Fence
  • Property is zoned OUE

Property Views

  • Lake
  • Pond
  • Garden

Schools

  • Tatum Ridge Elementary School
  • Mcintosh Middle School
  • Booker High School

Farming

  • Frame Barn

Utilities

  • 1 Water Well
  • Septic Needed

Listing and Financial Details

  • Assessor Parcel Number 0220023800
  • Tax Block 38

Community Details

Overview

  • No Home Owners Association
  • Palmer Farms Community
  • Palmer Farms 3Rd Subdivision

Recreation

  • Access To Pond
  • Access To Chain Of Lakes
  • Separate Outdoor Workshop
  • Utility Building

Property Details

Property Type

Land

Est. Annual Taxes

$5,397

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 5.01
  • Lot Size Sq Ft: 218300
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • RATIO Current Price By Calculate: 4.12
  • Total Acreage: 5 to less than 10
  • Water Access YN: 1
  • Barn Features: Frame
  • Attribution Contact: 941-366-8390
  • Tax Year: 2023
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Other Structures: Barn(s), Utility Building(s), Workshop
  • View: Garden, Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water Access: Lake - Chain of Lakes,Pond
  • Water View: Lake,Pond
  • Water View YN: 1
  • Waterfront Feet Total: 800
  • Water Frontage Feet Lake: 400
  • Water Frontage Feet Pond: 400

Utilities

  • Utilities: Electricity Available, Utility Pole, Water Available
  • Sewer: Septic Needed
  • Water Source: Well
  • Number of Wells: 1

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0

Fee Information

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

Schools

  • Elementary School: Tatum Ridge Elementary
  • High School: Booker High
  • Middle Or Junior School: McIntosh Middle

Lot Info

  • Zoning: OUE
  • Parcel Number: 0220023800
  • Additional Parcels: No
  • Current Use: Residential
  • Fencing: Fenced, Wire
  • Lot Dimensions: 400x600
  • Flood Zone Code: x

Tax Info

  • Tax Annual Amount: 5396.7
  • Tax Block: 38
  • Tax Book Number: 846-1027

Multi Family

  • Waterfront Features: Lake, Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 16, 2024
Closed on
May 21, 2024
Sold by
Redmond John
Bought by
Loftus Lea and Loftus Darrin
Seller's Agent
Brooke O'Malley
CLUB REALTY
Buyer's Agent
Brooke O'Malley
CLUB REALTY
List Price
$1,350,000
Sold Price
$900,000
Premium/Discount to List
-$450,000
-33.33%
Views
25
Current Estimated Value
$838,020

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$61,980
Avg. Annual Appreciation
-4.31%

Purchase Details

Closed on
Mar 5, 2021
Sold by
Ruppert William E and William E Ruppert Revocable Trust
Bought by
Redmond John T

Purchase Details

Closed on
Nov 12, 2018
Sold by
Bell William A
Bought by
Ruppert William E and William E Ruppert Revocable Trust

Purchase Details

Closed on
Jun 8, 2006
Sold by
Jordan Melise and Bell Melise
Bought by
Bell William A

Purchase Details

Closed on
Sep 9, 1994
Sold by
Spring Frederick C
Bought by
Bell William A and Bell Melise S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,950
Interest Rate
8.37%
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
Loftus Lea $900,000 Integrity Title
Redmond John T $550,000 None Listed On Document
Ruppert William E $380,000 Attorney
Bell William A -- None Available
Bell William A $130,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bell William A $105,950
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/21/2024 05/21/24 Sold $900,000 -10.0% --
05/03/2024 05/03/24 Pending -- -- --
04/27/2024 04/27/24 Price Changed $1,000,000 -16.7% --
04/02/2024 04/02/24 Price Changed $1,200,000 -11.1% --
02/16/2024 02/16/24 For Sale $1,350,000 -- --
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 $6,102 $582,100 $582,100 --
2024 $5,397 $488,400 -- --
2023 $5,397 $444,000 $425,400 $18,600
2022 $5,300 $431,100 $411,300 $19,800
2021 $3,323 $246,600 $227,800 $18,800
2020 $3,136 $227,200 $207,800 $19,400
2019 $3,907 $292,800 $275,400 $17,400
2018 $4,690 $342,800 $247,800 $95,000
2017 $2,066 $165,156 $0 $0
2016 $2,139 $369,700 $280,600 $89,100
2015 $2,162 $256,700 $197,000 $59,700
2014 $2,153 $157,005 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4599371

Stellar MLS

APN: 0220-02-3800