NOT LISTED FOR SALE

2740 Coconut Bay Ln Unit 331 Sarasota, FL 34237

Downtown Sarasota Neighborhood

Estimated Value: $144,000 - $177,000

2 Beds
2 Baths
866 Sq Ft
$545/mo HOA Fee

Last Sold June 24, 2022

Last sale price $200,000 $231 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $1,569/month

6 Days on Market

Highlights

  • Fitness Center
  • In Ground Pool
  • Clubhouse
  • Booker High School Rated A-
  • Gated Community
  • 1-minute walk to Tuttle Walkway Park

About This Home

As of June 2022

Use the elevator for easy access to your condo on the top floor at Sarasota Palms...a lovely place in sunny Sarasota to call your forever home, vacation home, or great investment property. This unit boasts a Bryant High Efficiency A/C installed in March 2021. Community amenities include a junior olympic size pool with cabanas, play ground, picnic area, walking path, dog run, and tennis courts. Inside the clubhouse you'll find a large fitness center, saunas, billiards room, theater, conference room, and business center.

Last Agent to Sell the Property

Bruce Thompson

CONCORDIA REALTY LLC License #3265178 Listed on: 05/26/2022

Last Buyer's Agent

Cory Layfield

MICHAEL SAUNDERS & COMPANY License #3468880

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $499

Year Built

  • Built in 1974

Lot Details

  • South Facing Home
  • Dog Run
  • Irrigation

HOA Fees

  • $545 Monthly HOA Fees

Home Design

  • Entry on the 3rd floor
  • Slab Foundation
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 866 Sq Ft Home
  • 3-Story Property
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • Electric Vehicle Home Charger
  • Open Parking

Outdoor Features

  • In Ground Pool
  • Covered Patio or Porch

Location

  • Property is near public transit

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, escrow reserves fund, internet, maintenance structure, ground maintenance, management, pest control
  • Sarasota Palms Condominium Association, Phone Number (941) 366-5561
  • Visit Association Website
  • Sarasota Palms Community
  • Sarasota Palms Subdivision
  • The community has rules related to deed restrictions, vehicle restrictions

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 45 lbs
  • Pet Size Limit
  • 2 Pets Allowed
  • Breed Restrictions

Security

  • Card or Code Access
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$499

Year Built

Built in 1974

Lot Details

0

HOA Fees

$545 per month

Listing Details

  • HOA Fee Includes: Pool, Escrow Reserves Fund, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Other
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 866
  • New Construction: No
  • Year Built: 1974
  • Building Area Total: 929
  • Directions to Property: From Fruitville Road, turn North onto Tuttle Avenue. Turn Left at the first light into Sarasota Palms.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Sarasota
  • Escrow Postal Code: 34232
  • Escrow State: FL
  • Escrow Street Name: Magic Oak Lane
  • Escrow Street Number: 3415
  • Floor Number: 3
  • List Office Head Office Key Nume: 1047837
  • Minimum Lease: 3 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 230.95
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Property Description: End Unit,Mid Rise
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Living Room/Dining Room Combo, Solid Surface Counters, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Cooktop, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 2740
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 80.45
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Pool Features: In Ground
  • Exterior Features: Dog Run, Irrigation System, Sliding Doors, Tennis Court(s)
  • Roof: Concrete
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio, Screened
  • Road Surface Type: Paved
  • Disclosures: Condominium Disclosure Available, Lead Paint
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Electric Vehicle Charging Station(s), Open

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, Playground, Pool, Tennis Courts
  • Association Amenities: Basketball Court, Clubhouse, Elevator(s), Fitness Center, Gated, Laundry, Lobby Key Required, Playground, Pool, Sauna, Tennis Court(s), Vehicle Restrictions
  • Association Name: Sarasota Palms Condominium Association
  • Phone: 941-366-5561
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: Dogs and cats allowed. No dangerous breeds. Only one dog per unit. Dogs must be visually inspected and approved by a board member.
  • Association Fee Requirement: None
  • Building Name Number: 2740
  • Condo Fees: 545
  • Condo Land Included YN: 0
  • Max Pet Weight: 45
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: office@sarasotapalms.com
  • Monthly Condo Fee Amount: 545
  • Pet Size: Medium (36-60 Lbs.)
  • Association URL: www.sarasotapalms.com
  • SW Subdiv Condo Num: 8333

Fee Information

  • Total Annual Fees: 6540.00
  • Total Monthly Fees: 545.00

Schools

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

Lot Info

  • Zoning: RMF5
  • Parcel Number: 2028011102
  • Additional Parcels: No
  • Lot Features: City Limits, Level, Near Public Transit, Paved
  • Flood Zone Code: X AE
  • Homestead YN: 1
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Club House Pass Card $25.00. Gate Access Sticker $15.00. New P.O. Box Lock and Key $25.00.

Tax Info

  • Tax Annual Amount: 499
  • Tax Block: 331
  • Tax Book Number: 37/26
  • Tax Lot: 331

Multi Family

  • Approval Process: Application fee $150 per adult. 30 day waiting period.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 26, 2022
Closed on
Jun 24, 2022
Sold by
Stella Grant
Bought by
Layfield James D and Layfield Stephen J
Seller's Agent
Bruce Thompson
CONCORDIA REALTY LLC
Buyer's Agent
Cory Layfield
MICHAEL SAUNDERS & COMPANY
List Price
$200,000
Sold Price
$200,000
Current Estimated Value
$160,137

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$39,863
Avg. Annual Appreciation
-6.42%

Purchase Details

Closed on
Mar 16, 2005
Sold by
Sarasota Palms Llc
Bought by
Peachey Susan Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,492
Interest Rate
5.6%
Mortgage Type
FHA
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 Buyer Sale Price Title Company
Layfield James D $100 New Title Company Name
Yoder Betty $100 New Title Company Name
Fatzie Susan $200,000 New Title Company Name
Peachey Susan Jean $111,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peachey Susan Jean $108,492
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2022 06/24/22 Sold $200,000 0.0% $231 / Sq Ft
06/02/2022 06/02/22 Pending -- -- --
05/26/2022 05/26/22 For Sale $200,000 -- $231 / 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 $2,227 $145,800 -- $145,800
2023 $2,227 $136,700 $0 $136,700
2022 $1,882 $113,400 $0 $113,400
2021 $499 $46,091 $0 $0
2020 $495 $45,455 $0 $0
2019 $476 $44,433 $0 $0
2018 $462 $43,605 $0 $0
2017 $451 $42,708 $0 $0
2016 $498 $74,000 $0 $74,000
2015 $500 $61,900 $0 $61,900
2014 $496 $40,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bruce Thompson

    Seller's Agent in 2022

    Bruce Thompson

    CONCORDIA REALTY LLC

    (850) 573-2063

    23 in this area

    114 Total Sales

    Bruce Thompson
    Section Image

  • C

    Buyer's Agent in 2022

    Cory Layfield

    Michael Saunders

    (941) 914-2804

    2 in this area

    3 Total Sales

    Cory Layfield
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4536137

Stellar MLS

APN: 2028-01-1102

Florida Sarasota County Sarasota 34237 Downtown Sarasota

2740 Coconut Bay Ln Unit 331, Sarasota, FL

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

Nearby Homes