NOT LISTED FOR SALE

Estimated Value: $303,000 - $1,349,606

1 Bed
2 Baths
5,069 Sq Ft
$125/Sq Ft Est. Value

Last Sold September 23, 2022

Last sale price $1,525,000 $301 Per Sq Ft

Current estimated payment $3,597/month

65 Days on Market

Highlights

  • 6.48 Acre Lot
  • No HOA
  • Awning
  • Property is near public transit
  • Cooling System Mounted To A Wall/Window
  • Outdoor Storage

About This Home

As of September 2022

SELLER OFFERING 3.25% INTEREST ONLY FOR 5 YEARS! This is the perfect inflation hedge with a huge upside kicker. This "7-door" complex consists of 3 buildings. A 5/5, a 2/1, and a 3/1. What makes this one special is it's 6.5 acres of developmental land, with over 200' of frontage on SR70, all public utilities in place, and zoned for 9!! units per acre as it sits. There is even possibility for higher density per county via rezone. There is absolutely nothing on the market of this caliber and certainly not this far west in the greater Manatee/Sarasota metro. Sit on it and collect the income or develop it for your own personal stamp on Bradenton real estate landscape. All tenants are happy there, some for over a decade. With respect to them, please only announced showings and no access will be granted to any of the buildings without contract.

Last Agent to Sell the Property

Jason Skowronski

COMPASS FLORIDA LLC License #3288062 Listed on: 03/08/2022

COMPASS FLORIDA LLC

Last Buyer's Agent

Jason Skowronski

COMPASS FLORIDA LLC License #3288062 Listed on: 03/08/2022

COMPASS FLORIDA LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,381

Year Built

  • Built in 1952

Lot Details

  • 6.48 Acre Lot
  • Lot Dimensions are 375 x 743
  • Dirt Road
  • Additional Parcels

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 5,069 Sq Ft Home
  • Ceiling Fan
  • Awning

Parking

  • 1 Carport Space
  • Driveway

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • Outdoor Storage
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • 5,069 Sq Ft Building
  • Meadow Lakes East Sub Community
  • Eucalyptus Heights Subdivision

Building Details

  • Gross Income $48,500

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,381

Year Built

Built in 1952

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block, Wood Frame
  • Fireplace: No
  • Living Area: 5069
  • Lot Size Acres: 6.48
  • New Construction: No
  • Year Built: 1952
  • Building Area Total: 5069
  • Lot Size Sq Ft: 278784
  • Number Of Lots: 3
  • Directions to Property: Directly on SR70, but better entry on 20th st for parking
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4527237?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4527237?w=Customer
  • Unit Count: 3
  • Homestead Y N: No
  • Total Acreage: 5 to less than 10
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96825
  • Price per Sq Ft: 300.85
  • Close to Original List Price Ratio: 0.96825
  • Ratio: Current Price\Building Area Total: 300.85
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s)
  • Foundation Details: Slab
  • Street Number Modifier: 2008
  • Number Of Buildings: 5
  • ResoLivingAreaSource: Owner

Exterior Features

  • Exterior Features: Awning(s), Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Dirt, Gravel
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0308E
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Driveway
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Other
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None

Lot Info

  • Zoning: RSF4.5
  • Parcel Number: 1800600007
  • Additional Parcels Description: 1800100109, 1800100059
  • Additional Parcels: Yes
  • Lot Features: In County, Near Public Transit
  • Lot Dimensions: 375 x 743
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Gross Income: 48500
  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 7381
  • Tax Book Number: 4-16,
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 6, 2009
Sold by
Cogley Ellen C
Bought by
Cogley Ellen C and The Ellen C Cogley Trust
Current Estimated Value
$631,902
Source: Public Records

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
Cogley Ellen C -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/23/2022 09/23/22 Sold $1,525,000 -3.2% $301 / Sq Ft
05/13/2022 05/13/22 Pending -- -- --
03/08/2022 03/08/22 For Sale $1,575,000 -- $311 / 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
2025 $3,394 $186,128 $53,599 $132,529
2024 $3,394 $217,510 $53,599 $163,911
2023 $3,452 $217,510 $53,599 $163,911
2022 $2,826 $193,215 $52,548 $140,667
2021 $2,363 $146,377 $52,548 $93,829
2020 $2,402 $142,112 $52,548 $89,564
2019 $2,421 $142,263 $52,548 $89,715
2018 $2,582 $151,001 $70,560 $80,441
2017 $2,407 $149,591 $0 $0
2016 $2,215 $132,233 $0 $0
2015 $2,048 $134,557 $0 $0
2014 $2,048 $119,814 $0 $0
2013 $1,861 $106,977 $67,200 $39,777
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4527237

Stellar MLS

APN: 18006-0000-7