2111 Palm Terrace Sarasota, FL 34231
South Sarasota Neighborhood
--
Bed
--
Bath
2,196
Sq Ft
9,864
Sq Ft Lot
Highlights
- Deck
- No HOA
- Balcony
- Phillippi Shores Elementary School Rated A
- Covered patio or porch
- Cooling System Mounted To A Wall/Window
About This Home
As of August 2024Come take a look at this incredible completely updated 4 unit multifamily home! With multiple tenants recently renewing there is no need to find renters as they are already in place. Perfect investment property sitting at 2196 under roof sq ft, two 2/1 units and two 1/1 units where you can count on the monthly rent or live in one and rent out the rest, the options are endless! New metal roof(said to last up to 50 years!) and central air conditioning, the kitchens have updated shaker style cabinets, gorgeous granite countertops, subway tile backsplash, stunning fixtures and matching appliances. Fresh paint and stylish vinyl flooring throughout truly makes these units feel so warm and homey. You will love the picket fencing that frames this lovely almost quarter acre lot, there are new brick pavers for the oversized driveway and walkways and lush green landscaping on the entire property. No HOA and in a highly desired central location just 15 minutes from multiple beaches and beach access, hiking trails, kayaking, shopping, restaurants, top schools, and just over an hour to Tampa, there is plenty nearby to keep up an active and busy lifestyle. You can’t let a property like this pass you by, do not wait, schedule a showing today! Seller is the listing agent.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,045
Year Built
- Built in 1950
Lot Details
- 9,864 Sq Ft Lot
- Lot Dimensions are 79 x 124
Parking
- Open Parking
Home Design
- Quadruplex
- Slab Foundation
- Metal Roof
- Block Exterior
Interior Spaces
- 2,196 Sq Ft Home
- Ceiling Fan
Outdoor Features
- Balcony
- Deck
- Covered patio or porch
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Riverview High School
Utilities
- Cooling System Mounted To A Wall/Window
- Central Heating and Cooling System
- Heating System Mounted To A Wall or Window
- Thermostat
Community Details
- No Home Owners Association
- 2,348 Sq Ft Building
- Harbor Oaks Community
- Harbor Oaks Subdivision
Listing and Financial Details
- Visit Down Payment Resource Website
- Legal Lot and Block 10 / A
- Assessor Parcel Number 0075040058
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Nov 15, 2024
Sold by
Garden Niles T
Bought by
Palm Terrace Holdings Inc
Current Estimated Value
Purchase Details
Listed on
Jun 12, 2024
Closed on
Jul 30, 2024
Sold by
Zhang Jingqing and Hilmer Andrew
Bought by
Garden Niles
Seller's Agent
Melissa Godio
SHOWTIME REALTY
Buyer's Agent
Melissa Godio
SHOWTIME REALTY
List Price
$1,150,000
Sold Price
$1,000,000
Premium/Discount to List
-$150,000
-13.04%
Views
16
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-2.84%
Original Mortgage
$750,000
Interest Rate
6.87%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 1, 2020
Sold by
Dubbs Daniel W and Dubbs Debra K
Bought by
Putt Mission For Needy Llc
Purchase Details
Closed on
Jan 1, 2017
Sold by
Dubbs Debra K and Dubbs Daniel W
Bought by
Fan Andy Z
Purchase Details
Closed on
Oct 25, 1996
Sold by
Kerrigan John S and Kerrigan Frances M
Bought by
Dubbs Daniel W and Dubbs Debra K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.28%
Purchase Details
Closed on
Oct 17, 1996
Sold by
Kerrigan John S and Kerrigan Frances M
Bought by
Dubbs Daniel W and Dubbs Debra K
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
8.28%
Similar Homes in Sarasota, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Quit Claim Deed | $100 | None Listed On Document | |
| Warranty Deed | $1,000,000 | None Listed On Document | |
| Warranty Deed | $190,000 | Attorney | |
| Deed | $64,862 | None Available | |
| Joint Tenancy Deed | $80,000 | -- | |
| Joint Tenancy Deed | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $750,000 | New Conventional | |
| Previous Owner | $80,000 | Unknown | |
| Previous Owner | $50,000 | No Value Available | |
| Previous Owner | $50,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/02/2024 08/02/24 | Sold | $1,000,000 | -4.8% | $484 / Sq Ft |
| 07/14/2024 07/14/24 | Pending | -- | -- | -- |
| 06/21/2024 06/21/24 | Price Changed | $1,050,000 | -8.7% | $508 / Sq Ft |
| 06/12/2024 06/12/24 | For Sale | $1,150,000 | +35.3% | $556 / Sq Ft |
| 05/06/2022 05/06/22 | Sold | $850,000 | -5.6% | $387 / Sq Ft |
| 04/28/2022 04/28/22 | Pending | -- | -- | -- |
| 04/08/2022 04/08/22 | Price Changed | $899,997 | -10.0% | $410 / Sq Ft |
| 04/08/2022 04/08/22 | Price Changed | $999,997 | +25.0% | $455 / Sq Ft |
| 04/07/2022 04/07/22 | For Sale | $799,997 | -- | $364 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $8,098 | $564,900 | $173,100 | $391,800 |
| 2023 | $8,098 | $541,900 | $188,500 | $353,400 |
| 2022 | $4,433 | $249,500 | $145,000 | $104,500 |
| 2021 | $4,045 | $184,500 | $98,500 | $86,000 |
| 2020 | $3,969 | $180,000 | $74,200 | $105,800 |
| 2019 | $3,415 | $146,300 | $81,700 | $64,600 |
| 2018 | $3,373 | $162,800 | $81,700 | $81,100 |
| 2017 | $3,210 | $124,331 | $0 | $0 |
| 2016 | $3,031 | $139,400 | $63,400 | $76,000 |
| 2015 | $3,018 | $138,800 | $57,400 | $81,400 |
| 2014 | $2,755 | $84,920 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Melissa Godio
Seller's Agent in 2024
Melissa Godio
SHOWTIME REALTY
(941) 822-0890
2 in this area
14 Total Sales
-
Kimberly Bailey
K
Buyer Co-Listing Agent in 2024
Kimberly Bailey
ONE WORLD REALTY OF SARASOTA
(941) 373-5532
1 in this area
9 Total Sales
-
Gabriel Reed
G
Seller's Agent in 2022
Gabriel Reed
BRIGHT REALTY
(941) 677-5060
1 in this area
67 Total Sales
Map
Source: Stellar MLS
MLS Number: A4531075
APN: 0075-04-0058
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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