NOT LISTED FOR SALE

4320 123rd St W Cortez, FL 34215

Cortez Neighborhood

Estimated Value: $771,000 - $810,013

5 Beds
3 Baths
2,025 Sq Ft
$392/Sq Ft Est. Value

Last Sold March 29, 2024

Last sale price $791,000 $391 Per Sq Ft

Current estimated payment $4,673/month

148 Days on Market

Highlights

  • Parking available for a boat
  • Open Floorplan
  • Family Room Off Kitchen
  • Reverse Osmosis System
  • No HOA
  • Hurricane or Storm Shutters

About This Home

As of March 2024

Outstanding Multi-family Income Property Just 1 Mile from the Enchanting Beaches of Anna Maria Island!

This remarkable duplex is a true gem, boasting an exceptional location within a mere mile from the pristine shores of Anna Maria Island. Situated in the vibrant vicinity of Bridge St, this property offers the perfect blend of tranquility and access to the thriving shops, restaurants, and nightlife, making it an incredibly attractive investment opportunity. Whether you're considering Airbnb or Vrbo leasing, this property is primed for success.

The original structure features 2 bedrooms and 1 full bathroom, along with a convenient 1-car garage. In 1999, a thoughtful addition was constructed, which includes 3 bedrooms and 2 full baths, cleverly positioned above a 4-car garage that also incorporates a spacious workshop. Both units are equipped with durable metal roofs, laundry facilities, and separate entrances, ensuring the utmost convenience for tenants. Additionally, each unit has its own water and power meters, streamlining billing procedures.

The larger unit goes above and beyond, boasting wiring for a generator in case of power outages and fortified protection with PGT impact windows and storm shutters. The property's sides and backyards are thoughtfully fenced to provide privacy and feature xeriscape landscaping for minimal upkeep. With no HOA, Deed Restrictions, or CDD, you have the freedom to tailor this property to your vision.

What's more, the icing on the cake is the property's current General Commercial zoning, adding significant value and versatility to this exceptional investment opportunity! Don't miss your chance to own this outstanding income property in a prime location.

Last Listed By

William Fortner

GALLERY PROPERTIES INTERNATION Brokerage Phone: 941-957-0833 License #0580859 Listed on: 10/01/2023

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,923

Year Built

  • Built in 1960

Lot Details

  • 8,638 Sq Ft Lot
  • Lot Dimensions are 96x90
  • Fenced

Parking

  • 4 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Parking Garage Space
  • Parking available for a boat
  • Golf Cart Garage

Home Design

  • Duplex
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof
  • Block Exterior
  • Vinyl Siding

Interior Spaces

  • 2,025 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Family Room Off Kitchen
  • Storage Room
  • Laundry closet
  • Inside Utility

Kitchen

  • Range
  • Dishwasher
  • Disposal
  • Reverse Osmosis System

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • In-Law or Guest Suite
  • 3 Bathrooms

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage
  • Private Mailbox

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 2 Buildings
  • 2 Units
  • Ciprianis Community
  • Ciprianis 2Nd Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,923

Year Built

Built in 1960

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block, Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 2025
  • Lot Size Acres: 0.2
  • New Construction: No
  • Year Built: 1960
  • Lot Size Sq Ft: 8638
  • Directions to Property: Cortez Rd to north on 123rd St W. 2nd property on the left
  • Status: Sold
  • Street Post Direction: W
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 207123048
  • RATIO Current Price By Calculate: 390.62
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 941-957-0833
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Open Floorplan, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Kitchen Reverse Osmosis System, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Window Features: Blinds
  • Street Number Modifier: 4320
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility,Interior In-Law Suite w/Private Entry,Storage Rooms
  • Living Area Meters: 188.13

Exterior Features

  • Exterior Features: Fence, Hurricane Shutters, Lighting, Private Mailbox, Storage
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Boat, Covered, Garage Door Opener, Golf Cart Garage, Ground Level, Guest, Oversized, Under Building

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Emergency Power, Phone Available, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Pump
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric,Water

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

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

Lot Info

  • Zoning: GC/CH
  • Parcel Number: 7613800007
  • Additional Parcels: No
  • Lot Dimensions: 96x90
  • Flood Zone Code: AE
  • Lot Size Square Meters: 802

Green Features

  • Green Verification Count: 0
  • Green Landscaping: Fl. Friendly/Native Landscape,Xeriscape

Rental Info

  • Furnished: Unfurnished

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 2
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 2923.31
  • Tax Book Number: 2-59
  • Tax Lot: 24

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2023
Closed on
Mar 29, 2024
Sold by
Dakel Douglas W and Dakel Charlotte M
Bought by
Lalos Nikolas Alexander
Seller's Agent
William Fortner
GALLERY PROPERTIES INTERNATION
Buyer's Agent
James Hornberger
COLDWELL BANKER REALTY
List Price
$850,000
Sold Price
$791,000
Premium/Discount to List
-$59,000
-6.94%
Total Days on Market
148
Views
156
Current Estimated Value
$793,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,503
Avg. Annual Appreciation
0.29%
Original Mortgage
$711,900
Outstanding Balance
$704,342
Interest Rate
6.77%
Mortgage Type
New Conventional
Estimated Equity
$89,161

Range of Values:

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Average Value
Not Available
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 Buyer Sale Price Title Company
Lalos Nikolas Alexander $791,000 Properties Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lalos Nikolas Alexander $711,900
Previous Owner Dakel Douglas W $84,000
Previous Owner Dakel Douglas W $106,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2024 03/29/24 Sold $791,000 -6.9% $391 / Sq Ft
02/27/2024 02/27/24 Pending -- -- --
11/01/2023 11/01/23 For Sale $850,000 0.0% $420 / Sq Ft
10/28/2023 10/28/23 Pending -- -- --
10/01/2023 10/01/23 For Sale $850,000 -- $420 / 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 $3,275 $254,658 -- --
2023 $2,954 $254,383 $0 $0
2022 $2,923 $225,377 $0 $0
2021 $2,598 $195,156 $0 $0
2020 $2,611 $191,021 $0 $0
2019 $2,573 $192,665 $0 $0
2018 $2,509 $188,158 $0 $0
2017 $2,007 $140,100 $0 $0
2016 $2,008 $138,285 $0 $0
2015 $2,023 $137,684 $0 $0
2014 $2,023 $136,510 $0 $0
2013 $2,214 $148,274 $28,814 $119,460
Source: Public Records

Agents Affiliated with this Home

  • William Fortner

    Seller's Agent in 2024

    William Fortner

    GALLERY PROPERTIES INTERNATION

    (941) 915-4045

    1 in this area

    28 Total Sales

    William Fortner
    Section Image
  • James Hornberger

    Buyer's Agent in 2024

    James Hornberger

    COLDWELL BANKER REALTY

    (808) 225-4051

    1 in this area

    53 Total Sales

    James Hornberger
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4584431

Stellar MLS

APN: 76138-0000-7

Florida Manatee County Cortez 34215 Cortez

4320 123rd St W, Cortez, FL

Homes for Sale in Cortez, FL

This home is located at 4320 123rd St W, Cortez, FL 34215 since 01 October 2023 and is currently estimated at $793,503, approximately $391 per square foot. This property was built in 1960. 4320 123rd St W is a home located in Manatee County with nearby schools including Sea Breeze Elementary School, W. D. Sugg Middle School, and Bayshore High 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