NOT LISTED FOR SALE

424 Armada Rd S Venice, FL 34285

8 Beds
8 Baths
5,166 Sq Ft
8,125 Sq Ft Lot

Sale Details

Date Sold: December 29, 2017

Last sale price $720,000 $139 Per Sq Ft

27 Days on Market

Highlights

  • Mediterranean Architecture
  • No HOA
  • Patio
  • Venice Elementary School Rated A
  • Mature Landscaping

About This Home

As of December 2017

8 Unit Apartment Building, located on the Island of Venice. Excellent rental history. Located between Venice Beach and Downtown Venice. All 8 units are 1/1, with onsite coin laundry and annual tenants in place. This is an outstanding investment property. Location, location, location!

Last Agent to Sell the Property

Tim Lacey

THE RENTAL COMPANY OF VENICE License #3261250 Listed on: 07/31/2017

Last Buyer's Agent

Maria Almeida

EXIT KING REALTY License #3200394

EXIT KING REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,187

Year Built

  • Built in 1925

Lot Details

  • 8,125 Sq Ft Lot
  • Lot Dimensions are 65 x 125
  • Mature Landscaping

Parking

  • On-Street Parking

Home Design

  • 5,166 Sq Ft Home
  • Mediterranean Architecture
  • Bi-Level Home
  • Block Exterior
  • Stucco

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0176090045

Community Details

Overview

  • No Home Owners Association
  • 8 Units
  • Rental Company Of Venice. 484 7644 Association
  • Gulf View Section Of Venice Community
  • Gulf View Sec Of Venice Subdivision

Building Details

  • Gross Income $63,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,187

Year Built

Built in 1925

Lot Details

8,125 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Mediterranean
  • Construction Materials: Block, Stucco
  • Living Area: 5166
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 1925
  • Lot Size Sq Ft: 8125
  • Status: Sold
  • Street Post Direction: S
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • RATIO Current Price By Calculate: 139.37
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2016
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Levels: Two
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Other
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Patio
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: None, On Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Street Lights
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association Name: Rental Company of Venice. 484-7644
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Management: Professional Off Site

Lot Info

  • Parcel Number: 0176090045
  • Additional Parcels: No
  • Lot Features: City Limits
  • Lot Dimensions: 65 x 125
  • Flood Zone Code: X

Multi Family

  • Gross Income: 63600
  • Number Of Units Total: 8
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 7187

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 31, 2017
Closed on
Dec 29, 2017
Sold by
Bought by
Seller's Agent
Tim Lacey
THE RENTAL COMPANY OF VENICE
Buyer's Agent
Maria Almeida
EXIT KING REALTY
List Price
$749,000
Sold Price
$720,000
Premium/Discount to List
-$29,000
-3.87%

Purchase Details

Closed on
Jan 31, 2012
Sold by
Bought by
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$720,000 Integrity Title Svcs Inc
$353,353 First American Title Ins Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $150,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/01/2018 04/01/18 Off Market $720,000 -- --
12/29/2017 12/29/17 Sold $720,000 -3.9% $139 / Sq Ft
08/28/2017 08/28/17 Pending -- -- --
07/31/2017 07/31/17 For Sale $749,000 -- $145 / Sq Ft
Source: Stellar MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
2025 $14,153 $969,000 $507,000 $462,000
2024 $14,153 $940,000 $395,600 $544,400
2023 $14,003 $999,500 $399,400 $600,100
2022 $13,534 $954,700 $393,600 $561,100
2021 $11,753 $715,900 $303,900 $412,000
2020 $11,755 $702,200 $269,300 $432,900
2019 $9,185 $549,400 $281,800 $267,600
2018 $9,765 $582,300 $254,200 $328,100
2017 $7,435 $428,102 $0 $0
2016 $7,187 $483,000 $240,000 $243,000
2015 $6,212 $400,500 $160,000 $240,500
2014 $5,897 $292,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2017

    Tim Lacey

    THE RENTAL COMPANY OF VENICE

    (941) 484-7644

    21 Total Sales

    Tim Lacey
    Section Image

  • M

    Buyer's Agent in 2017

    Maria Almeida

    EXIT KING REALTY

    (856) 364-8652

    17 Total Sales

    Maria Almeida
    Section Image
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Map

Source: Stellar MLS

MLS Number: N5913757

Stellar MLS

APN: 0176-09-0045

Florida Sarasota County Venice 34285

424 Armada Rd S, Venice, FL

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Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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