NOT LISTED FOR SALE

401 Colonia Ln E Nokomis, FL 34275

-- Bed
-- Bath
11,518 Sq Ft
0.66 Acres

Last Sold July 18, 2018

Last sale price $606,000 $53 Per Sq Ft

9 Days on Market

Highlights

  • 0.66 Acre Lot
  • No HOA
  • Cooling System Mounted To A Wall/Window
  • Laurel Nokomis School Rated A-
  • Balcony
  • Laundry Room

About This Home

As of July 2018

The The Legacy Trail Apartments located in Nokomis, FL were built in 1925 of masonry construction. Located two miles from Nokomis Beach and 100 feet from the Legacy Trail, this unique opportunity is available with huge upside potential with only 38% occupancy. The current configuration on the first floor is of nine 1 bedroom/ 1 bathroom apartments. The second floor configuration is more of boarding house / dormitory style comprised of 11 studios, 6 rooms and 4 shared bathrooms. Numerous option to choose from. Keep the current configuration and rent out the upstairs for immediate cash flow or renovate and re-configure the upstairs into larger units and command a stronger rent.

SELLER FINANCING AVAILABLE TO QUALIFIED BUYER.

Last Agent to Sell the Property

Samuel Konkel

LIMBO COMPANY SARASOTA ASSOC License #3317441 Listed on: 05/30/2018

Last Buyer's Agent

Samuel Konkel

LIMBO COMPANY SARASOTA ASSOC License #3317441 Listed on: 05/30/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,814

Year Built

  • Built in 1925

Lot Details

  • 0.66 Acre Lot
  • Lot Dimensions are 137x237

Home Design

  • 11,518 Sq Ft Home
  • Block Exterior

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Uses Propane
  • Well
  • Septic Tank

Additional Features

  • Laundry Room
  • Balcony

Community Details

  • No Home Owners Association
  • 26 Units
  • Venice Homesite Co Community
  • Venice Homesite Co Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,814

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 11518
  • Lot Size Acres: 0.66
  • New Construction: No
  • Year Built: 1925
  • Lot Size Sq Ft: 28848
  • Directions to Property: Head south on Tamiami Trail from Sarasota. Turn left onto Colonia Ln E. Arrive at 401 Colonia Ln E.
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4404528&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4404528&cview=true&show_results=true&customer_portal=true
  • Unit Count: 2
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.71716
  • Price per Sq Ft: 52.61
  • Close to Original List Price Ratio: 0.71716
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 401
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0327F

Garage/Parking

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

Utilities

  • Utilities: Gas
  • Cooling: Wall/Window Unit(s)
  • Heating: Propane
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0405060001
  • Additional Parcels: No
  • Lot Dimensions: 137x237
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 26

Tax Info

  • Tax Annual Amount: 7814
  • Tax Block: 4
  • Tax Book Number: A-36
  • Tax Lot: 4

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2018 07/18/18 Sold $606,000 -28.3% $53 / Sq Ft
06/07/2018 06/07/18 Pending -- -- --
05/29/2018 05/29/18 For Sale $845,000 -- $73 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2018

    Samuel Konkel

    LIMBO COMPANY SARASOTA ASSOC

See All Agents

Map

Source: Stellar MLS

MLS Number: A4404528

Stellar MLS
Florida Sarasota County Nokomis 34275

401 Colonia Ln E, Nokomis, FL

This home is located at 401 Colonia Ln E, Nokomis, FL 34275 since 30 May 2018. This property was built in 1925. 401 Colonia Ln E is a home located in Sarasota County with nearby schools including Laurel Nokomis School, Venice High School, and Island Village Montessori 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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