$47,500
SOLD AUG 29, 2025
-- Bed
1 Bath
422 Sq Ft
$429/mo HOA Fee

Recently Sold

$113 Per Sq Ft

52% Below List Price

131 Days on Market

Highlights

  • 1.96 Acre Lot
  • Open Floorplan
  • Studio bedroom
  • Brookside Middle School Rated A-
  • Community Pool
  • Central Heating and Cooling System

About This Home

As of August 2025

Studio Condo in Prime Sarasota Location – Endless Potential!
Located in the heart of Sarasota, this second-floor studio unit offers an incredible opportunity to personalize your own space in a highly sought-after community. Just steps from Payne Park and less than a mile to downtown, you’ll enjoy unmatched convenience to shopping, dining, entertainment, and recreation.
Park Lane is a charming community offering fantastic amenities, including a sparkling pool, clubhouse with library, onsite laundry, assigned parking, and private storage lockers. The building boasts solid concrete construction, a brand-new roof (2023), and is outside the flood zone, with no storm damage reported.
Situated directly across from Publix and next to the Legacy Trail, you’re also near local churches and all the action of downtown Sarasota. Enjoy everything Payne Park has to offer—12 Har-Tru tennis courts, 8 pickleball courts, a skate park, disc golf, playgrounds, and the beloved Citrus Cafe.
A rare opportunity to create value in a prime Sarasota location—schedule your showing today!

Last Agent to Sell the Property

Kara Money

KARA MONEY LLC Brokerage Phone: 407-697-9630 License #3014758 Listed on: 03/21/2025

Last Buyer's Agent

Kara Money

KARA MONEY LLC Brokerage Phone: 407-697-9630 License #3014758 Listed on: 03/21/2025

Property Details

Home Type

  • Condominium

Year Built

  • Built in 1959

Lot Details

  • West Facing Home

HOA Fees

  • $429 Monthly HOA Fees

Home Design

  • Fixer Upper
  • Studio
  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 422 Sq Ft Home
  • 2-Story Property
  • Open Floorplan

Bedrooms and Bathrooms

  • Studio bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • No Cooling
  • No Heating

Listing and Financial Details

Community Details

Overview

  • Association fees include maintenance structure, ground maintenance, pest control, pool, sewer, trash, water
  • Michelle Association, Phone Number (941) 315-8044
  • Park Lane Community
  • Park Lane Subdivision

Recreation

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Year Built

Built in 1959

Lot Details

0

HOA Fees

$429 per month

Listing Details

  • HOA Fee Includes: Maintenance Structure, Maintenance Grounds, Pest Control, Pool, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 422
  • Lot Size Acres: 1.96
  • New Construction: No
  • Year Built: 1959
  • Building Area Total: 422
  • Lot Size Sq Ft: 85524
  • Directions to Property: From US 41 head East on Wood Street, Park Lane is on the left
  • Status: Sold
  • Ownership: Condominium
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 2
  • List Office Head Office Key Nume: 204111879
  • Minimum Lease: 3 Months
  • RATIO Current Price By Calculate: 112.56
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Property Description: Studio/Efficiency
  • Amenities Additional Fees: Contact association with questions. Buyer and buyers agent to verify all information provided in this listing.
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 407-697-9630
  • Tax Year: 2024
  • Special Features: 5120

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Other
  • Full Bathrooms: 1
  • Interior Amenities: Open Floorplan
  • Appliances Included: None
  • Foundation Details: Slab
  • Levels: One
  • Stories: 2
  • Street Number Modifier: 2155
  • Living Area Meters: 39.21
  • Room Count: 2

Exterior Features

  • Direction Faces: West
  • Exterior Features: Other
  • Roof: Other
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0134G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air, None
  • Heating: Central, None
  • Laundry Features: Other
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 429
  • Association Fee Frequency: Monthly
  • Association Name: Michelle
  • Phone: 941-315-8044
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required
  • Building Name Number: 2155
  • Condo Fees: 0
  • Condo Land Included YN: 0
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: office@cams-ss.com
  • Monthly Condo Fee Amount: 0

Fee Information

  • Total Annual Fees: 5148.00
  • Total Monthly Fees: 429.00
  • Monthly HOA Amount: 429.00

Lot Info

  • Zoning: RMF5
  • Parcel Number: 2034041028
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 7945

Rental Info

  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: No llc or corps can purchase / Only individuals. Buyer and buyers agent to verify all information provided in this listing.

Tax Info

  • Tax Annual Amount: 1471
  • Tax Book Number: 1350-296
  • Tax Lot: 0

Multi Family

  • Approval Process: 50.00 fee to buyer. Interview required. Buyer and buyers agent to verify all information provided in this listing.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 18, 2024
Sold by
Theisen Benedict Peter and Theisen Benedict Peter
Bought by
Carrington Mortgage Services Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Certificate Of Transfer $58,001 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $150,000 Reverse Mortgage Home Equity Conversion Mortgage
Previous Owner $38,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2025 08/29/25 Sold $47,500 0.0% $113 / Sq Ft
07/30/2025 07/30/25 Pending -- -- --
07/30/2025 07/30/25 Price Changed $47,500 -46.0% $113 / Sq Ft
07/30/2025 07/30/25 Price Changed $88,000 -0.5% $209 / Sq Ft
07/18/2025 07/18/25 Price Changed $88,400 -10.5% $209 / Sq Ft
06/24/2025 06/24/25 For Sale $98,800 +108.0% $234 / Sq Ft
06/21/2025 06/21/25 Off Market $47,500 -- --
04/24/2025 04/24/25 Price Changed $98,800 -5.0% $234 / Sq Ft
03/21/2025 03/21/25 For Sale $104,000 -- $246 / 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 $253 $86,400 -- $86,400
2023 $253 $32,703 $0 $0
2022 $255 $31,750 $0 $0
2021 $219 $30,825 $0 $0
2020 $213 $30,399 $0 $0
2019 $203 $29,716 $0 $0
2018 $0 $29,162 $0 $0
2017 $193 $28,562 $0 $0
2016 $199 $41,700 $0 $41,700
2015 $198 $33,500 $0 $33,500
2014 $196 $27,154 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: O6292215

Stellar MLS

APN: 2034-04-1028