NOT LISTED FOR SALE

2016 5th St Sarasota, FL 34237

Downtown Sarasota Neighborhood

Estimated Value: $754,000 - $1,141,000

8 Beds
4 Baths
3,058 Sq Ft
$288/Sq Ft Est. Value

Last Sold December 30, 2021

Last sale price $725,000 $237 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $5,389/month

23 Days on Market

Highlights

  • Property is near a marina
  • City View
  • No HOA
  • Booker High School Rated A-
  • Property is near public transit
  • Eat-In Kitchen

About This Home

As of December 2021

Fantastic investment opportunity to own 4 units less than a mile from Main Street in Downtown Sarasota! Each unit offers 2 bedrooms and 1 bath for a total of 8 bedrooms and 4 baths included in the sale of this property. Concrete block construction on a concrete slab. Updates include the exterior being freshly painted with a newer metal roof that was put on in 2011. Located in the city limits with no deed restrictions, short term weekly rentals would be allowed in accordance with the city code. .7 miles from Main Street and Downtown Sarasota with restaurants, shopping, arts and more, .5 miles to Gillespie Park, 1.5 miles to Sarasota Memorial, 4.5 miles to the airport, 4.5 miles to Lido Key Beach. The chance to own multiple units this close to everything Sarasota has to offer rarely comes available. In the path of progress for development, don't miss out on an opportunity to own sought after multi-family property right by growing Downtown Sarasota. Take advantage of the opportunity to purchase this property along with A4511894 and A4511863 as a package. All 3 listings equate to 8 units. For information on current leases in place please text or call. Call today, this amazing property won't last long!

Last Agent to Sell the Property

Mitch Helmuth

HARRY ROBBINS ASSOC INC License #3250538 Listed on: 09/25/2021

Co-Listed By

Ryan Miller

HARRY ROBBINS ASSOC INC License #3457308

Last Buyer's Agent

Ryan Miller

HARRY ROBBINS ASSOC INC License #3457308

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,060

Year Built

  • Built in 1976

Lot Details

  • 6,563 Sq Ft Lot
  • Lot Dimensions are 62x105

Parking

  • Open Parking

Home Design

  • Quadruplex
  • Bi-Level Home
  • Slab Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,058 Sq Ft Home
  • Ceiling Fan
  • City Views
  • Eat-In Kitchen

Outdoor Features

  • Property is near a marina

Location

  • Property is near public transit
  • City Lot

Schools

  • Tuttle Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 3,670 Sq Ft Building
  • Inwood Park Community
  • Inwood Park First Addition Subdivision

Building Details

  • Gross Income $45,900

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,060

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3058
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 1976
  • Building Area Total: 3670
  • Lease Term: 12 Months
  • Lot Size Sq Ft: 6563
  • Tenant Pays: Electricity, Water
  • Directions to Property: From Exit 210, head West on Fruitville towards downtown Sarasota, turn right on to Washington Blvd. Turn right on to 5th street.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4512993?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4512993?w=Customer
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96667
  • Price per Sq Ft: 237.08
  • Close to Original List Price Ratio: 0.96667
  • Ratio: Current Price\Building Area Total: 197.55
  • View: Yes
  • Co List Office Mls Id: 281502172
  • Co List Office Phone: 941-924-8346
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen
  • Foundation Details: Slab
  • Levels: Two
  • Street Number Modifier: 2016
  • Number Of Buildings: 1

Exterior Features

  • Exterior Features: Other
  • Roof: Metal
  • Pool Private: No
  • View: City
  • Waterfront: No
  • Road Surface Type: Asphalt, Gravel
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Tuttle Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: DTE
  • Parcel Number: 2026090102
  • Additional Parcels: No
  • Lot Features: City Lot, Near Marina, Near Public Transit
  • Lot Dimensions: 62x105
  • Flood Zone Code: X
  • Flood Zone Date: 2021-09-20

Rental Info

  • Total Actual Rent: 3825
  • Minimum Lease: 1 Week
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: Refer to Sarasota City Code. Buyer to verify.

Multi Family

  • Gross Income: 45900
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5060.07
  • Tax Block: 4
  • Tax Book Number: A-23
  • Tax Lot: 47

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 23, 2014
Sold by
Shue Janet
Bought by
Shue Family Llc
Current Estimated Value
$882,197
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
Shue Family Llc -- Attorney
Shue Family Llc -- Attorney
Shue Family Llc -- Attorney
Shue Family Llc -- Attorney
Shue Family Llc -- Attorney
Shue Family Llc -- Attorney
Shue Richard -- Attorney
Kauffman Jeanie -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/30/2021 12/30/21 Sold $725,000 -3.3% $237 / Sq Ft
10/17/2021 10/17/21 Pending -- -- --
09/24/2021 09/24/21 For Sale $749,999 -- $245 / 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 $9,142 $582,494 -- --
2023 $9,142 $631,900 $269,200 $362,700
2022 $7,777 $481,400 $225,000 $256,400
2021 $5,215 $320,300 $138,700 $181,600
2020 $5,060 $314,200 $90,000 $224,200
2019 $4,568 $276,400 $66,500 $209,900
2018 $4,279 $261,000 $54,900 $206,100
2017 $3,522 $183,799 $0 $0
2016 $3,158 $172,100 $28,900 $143,200
2015 $2,928 $151,900 $28,900 $123,000
2014 $3,117 $135,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mitch Helmuth

    Seller's Agent in 2021

    Mitch Helmuth

    HARRY ROBBINS ASSOC INC

    (941) 302-4212

    6 in this area

    59 Total Sales

    Mitch Helmuth
    Section Image
  • Ryan Miller

    Seller Co-Listing Agent in 2021

    Ryan Miller

    HARRY ROBBINS ASSOC INC

    (941) 954-6925

    10 in this area

    170 Total Sales

    Ryan Miller
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4512993

Stellar MLS

APN: 2026-09-0102

Florida Sarasota County Sarasota 34237 Downtown Sarasota

2016 5th St, Sarasota, FL

This home is located at 2016 5th St, Sarasota, FL 34237 since 25 September 2021 and is currently estimated at $882,197, approximately $288 per square foot. This property was built in 1976. 2016 5th St is a home located in Sarasota County with nearby schools including Tuttle Elementary School, Booker Middle School, and Booker High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



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

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