$542,500
SOLD MAR 31, 2025 RENTED JUN 30, 2025
3 Beds
3 Baths
1,352 Sq Ft
1.18 Acres

Recently Sold

$401 Per Sq Ft

6% Below List Price

18 Days on Market

Highlights

  • View of Trees or Woods
  • 1.18 Acre Lot
  • No HOA
  • Booker High School Rated A-
  • Open Floorplan
  • Built-In Features

About This Home

As of March 2025

Nestled in the heart of Sarasota, this charming 1935 multi-family home is a Craftsman gem. This is a rare opportunity to own three income producing units on a generous sized lot of over an acre – 51,381 square feet to be exact. The property offers steady cash flow and has potential for expansion. The main house could be owner occupied with the attached studio and detached cottage continuing as rentals. The floor plan of the main house was lightly altered allowing for easy reincorporation of the studio apartment into the main structure. The sun-dappled spacious lot offers the possibility of development for future homes or the perfect site for multi-generational living. The options are almost endless. From the moment you enter the grounds, you will feel at peace. Entering the front door of the main house, you will find a sizeable living space with an adjacent private screen porch overlooking a fenced yard with park-like setting of mature trees and plantings. Enjoy the sunny, cheerful rooms with a quirky, bohemian feel making it impossible not to smile. The blend of old and new makes this home warm and inviting. As it is now, the main home is being left vacant for showing purposes. Attached to the main house with its own private entrance is the studio apartment. This sweet space is currently leased. The studio with an open floor plan has its own screen porch that includes the shared laundry for the main house and studio. Behind the main house is an adorable cottage with an even more adorable screen porch of its own. The cottage has one bedroom and one bath with a private, fenced yard and its own laundry. The cottage is currently leased. The abundance of character and charm engage your senses. Behind all of this you can enjoy all nature has to offer in your very own private Old Florida refuge. The remainder of this sizeable property abuts the city owned Water Tower Park offers ultimate privacy and developing opportunity. The driveway is ample providing plenty of room for parking of several cars, RV’s, toys, boats, etc. Easy commute to downtown, beaches, colleges, Ringling, airport, restaurants, shopping and much more. There are no HOA or deed restrictions. The property is located in the city limits allowing for short term rentals. Note: Tax records show “Property Use: 082X - 2 Family & Other Bldg Total Living Units: 3” Come see this excellent investment opportunity in an ideal location with a fabulous earning capacity.

Last Agent to Sell the Property

Helen M. Magill

COLDWELL BANKER REALTY Brokerage Phone: 941-366-8070 License #3022486 Listed on: 02/08/2025

COLDWELL BANKER REALTY

Last Buyer's Agent

Caitlin Porcelli

MOVE POWERED BY INNOVATE REAL ESTATE LLC License #3369410

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,745

Year Built

  • Built in 1935

Lot Details

  • 1.18 Acre Lot
  • Dirt Road
  • Fenced
  • Landscaped
  • Level Lot

Home Design

  • Triplex
  • Studio
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,352 Sq Ft Home
  • Open Floorplan
  • Partially Furnished
  • Built-In Features
  • Ceiling Fan
  • Window Treatments
  • French Doors
  • Ceramic Tile Flooring
  • Views of Woods

Kitchen

  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Screened Patio

Utilities

  • Central Heating and Cooling System
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • 1,544 Sq Ft Building

Building Details

  • Gross Income $59,400

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,745

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Triplex
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1352
  • Lot Size Acres: 1.18
  • New Construction: No
  • Year Built: 1935
  • Building Area Total: 1544
  • Lot Size Sq Ft: 51381
  • Directions to Property: From 41 heading north from downtown, right on 40th St, left on Old Bradenton Rd, go up to rotary and turn around to come back, house will be on the right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • RATIO Current Price By Calculate: 401.26
  • Total Acreage: 1 to less than 2
  • Unit Number YN: 0
  • Water Access YN: 0
  • Property Description: Studio/Efficiency
  • Attribution Contact: 941-366-8070
  • Tax Year: 2024
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Open Floorplan, Window Treatments
  • Appliances Included: Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Window Treatments
  • Street Number Modifier: 4225
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 125.60

Exterior Features

  • Exterior Features: Fence, French Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Screened
  • Road Surface Type: Dirt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0131G

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Central
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Lot Info

  • Zoning: RSF3
  • Parcel Number: 2004080005
  • Additional Parcels: No
  • Lot Features: City Limits, Landscaped, Level
  • Flood Zone Code: X500
  • Homestead YN: 0
  • Lot Size Square Meters: 4773

Rental Info

  • Furnished: Partially
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: In city limits - short term rentals allowed. Confirm with City of Sarasota.

Multi Family

  • Gross Income: 59400
  • Number Of Units Total: 2
  • Approval Process: No approvals needed.
  • Total Num Buildings: 2
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 4745
  • Tax Lot: 36

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2025
Closed on
Mar 31, 2025
Sold by
Happy Houses Of Sarasota Llc
Bought by
One Twelve Williams Llc
Seller's Agent
Helen M. Magill
COLDWELL BANKER REALTY
Buyer's Agent
Caitlin Porcelli
MOVE POWERED BY INNOVATE REAL ESTATE LLC
List Price
$575,000
Sold Price
$542,500
Premium/Discount to List
-$32,500
-5.65%
Views
18
Current Estimated Value
$499,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,276
Avg. Annual Appreciation
-13.23%

Purchase Details

Listed on
Nov 8, 2013
Closed on
Feb 4, 2014
Sold by
Henckell Karsten and Heitmueller Henckell Corinna S
Bought by
Happy Houses Of Sarasota Llc
Seller's Agent
John Smith
Buyer's Agent
John Smith
List Price
$65,000
Sold Price
$65,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.94%

Purchase Details

Closed on
Jan 4, 2006
Sold by
Benavides Eslava Gilberto and Baron Ramirez Haydee
Bought by
Henckell Karsten and Heltmueller Henckell Corinna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2003
Sold by
Boyd Kenneth L
Bought by
Baron Haydee

Purchase Details

Closed on
Aug 21, 2002
Sold by
Smith Juanita
Bought by
Baron Haydee

Purchase Details

Closed on
Aug 3, 2002
Sold by
Gee Marion Jo
Bought by
Baron Haydee

Purchase Details

Closed on
Jun 12, 2002
Sold by
Baron Haydee and Ramirez Haydee Baron
Bought by
Eslava Gilberto Benavides and Ramirez Haydee Baron

Purchase Details

Closed on
Sep 22, 2000
Sold by
Hausburg Jonathan E
Bought by
Baron Haydee
Source: Public Records

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

Purchase History

Date Type Sale Price Title Company
Warranty Deed $542,500 Coastline Title Of Pinellas
Warranty Deed $65,000 Attorney
Warranty Deed $250,000 --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Quit Claim Deed -- --
Personal Reps Deed $43,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $200,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/30/2025 06/30/25 Rented $1,995 0.0% --
06/11/2025 06/11/25 Price Changed $1,995 -9.3% $2 / Sq Ft
05/13/2025 05/13/25 For Rent $2,200 0.0% --
03/31/2025 03/31/25 Sold $542,500 0.0% $401 / Sq Ft
03/31/2025 03/31/25 Sold $542,500 -5.7% $401 / Sq Ft
02/26/2025 02/26/25 Pending -- -- --
02/26/2025 02/26/25 Pending -- -- --
02/10/2025 02/10/25 For Sale $575,000 0.0% $425 / Sq Ft
02/08/2025 02/08/25 For Sale $575,000 +784.6% $425 / Sq Ft
02/04/2014 02/04/14 Sold $65,000 0.0% $48 / Sq Ft
11/12/2013 11/12/13 Pending -- -- --
11/08/2013 11/08/13 For Sale $65,000 -- $48 / 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 $4,502 $190,089 -- --
2023 $4,502 $449,000 $360,600 $88,400
2022 $4,264 $427,900 $341,100 $86,800
2021 $3,809 $341,100 $261,400 $79,700
2020 $3,598 $311,700 $232,900 $78,800
2019 $3,335 $291,500 $232,900 $58,600
2018 $1,965 $107,300 $55,500 $51,800
2017 $1,922 $103,600 $55,500 $48,100
2016 $1,882 $99,900 $51,900 $48,000
2015 $1,816 $93,700 $49,400 $44,300
2014 $1,954 $64,493 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4639711

Stellar MLS

APN: 2004-08-0005