$420,000
SOLD MAY 18, 2018

4522 Banan Place Sarasota, FL 34242

2 Beds
2 Baths
1,292 Sq Ft
0.25 Acres

Recently Sold

$325 Per Sq Ft

6% Below List Price

8 Days on Market

Highlights

  • Lake View
  • Open Floorplan
  • Living Room with Fireplace
  • Phillippi Shores Elementary School Rated A
  • Deck
  • Ranch Style House

About This Home

As of May 2019

Siesta Key’s lowest priced single-family home! This charming Florida home is ready for your own designer updates. Situated on a quiet dead-end street directly across from Lake Nancy provides an island-like setting for peace and tranquility. Set on an oversized lot with an expansive fenced back yard with plenty of space for a pool. Surrounded by more expensive homes within immediate vicinity to Out-of-Door Academy makes this 2 bedroom/2 bath home the ultimate investors dream. Update with your own vision and latest designer finishes while still being one the best values on the island. Close proximity to Siesta Key Village and our #1 beaches makes the location of this home fantastic. Take this rare opportunity to create your own piece of paradise today!

Last Agent to Sell the Property

Dawn Bear

WILLIAM RAVEIS REAL ESTATE License #3355163 Listed on: 04/13/2018

WILLIAM RAVEIS REAL ESTATE

Co-Listed By

carlos santos

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3262780

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,254

Year Built

  • Built in 1962

Lot Details

  • 0.25 Acre Lot
  • Street terminates at a dead end
  • East Facing Home
  • Fenced
  • Property is zoned RSF2

Parking

  • 1 Carport Space

Home Design

  • Ranch Style House
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,292 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Inside Utility
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Terrazzo
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Deck

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Community Details

  • No Home Owners Association
  • Ocean Beach Community
  • Ocean Beach Rep Subdivision
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,254

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block, Wood Frame
  • Fireplace: Yes
  • Living Area: 1292
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1962
  • Lot Size Sq Ft: 10880
  • Directions to Property: From 41 and Siesta Drive to Higel Avenue Right on Reid Street. Right on Banan Place. Home is on the left hand side. From Ocean Boulevard take right on Gleason Avenue. Left on Reid Street. Left on Banan Place Property is located on the Left.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4400087&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4400087&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.94382
  • Price per Sq Ft: 325.08
  • Close to Original List Price Ratio: 0.94382
  • View: Yes
  • Co List Office Mls Id: 281520622
  • Co List Office Phone: 941-894-1255
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Terrazzo, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Other, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Street Number Modifier: 4522
  • Room Count: 8
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Direction Faces: East
  • Exterior Features: Fenced
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Deck
  • Water View: Lake
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0141F
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0079060002
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Num Timesper Year: 12
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Monthly minimum lease

Tax Info

  • Tax Annual Amount: 5254
  • Tax Block: A
  • Tax Book Number: 488-889
  • Tax Lot: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 14, 2023
Sold by
Gary Stephen P
Bought by
Gary Stephen P

Purchase Details

Listed on
Oct 31, 2018
Closed on
May 10, 2019
Sold by
Crossman Joseph L
Bought by
Gary Stephen P and Gary Kimberly M
Seller's Agent
Stacy Haas, PL
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Barbara Dumbaugh
MICHAEL SAUNDERS & COMPANY
List Price
$500,000
Sold Price
$432,500
Premium/Discount to List
-$67,500
-13.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$432,500
Interest Rate
4%
Mortgage Type
VA

Purchase Details

Listed on
Apr 13, 2018
Closed on
May 18, 2018
Sold by
Hurxthal Thomas L
Bought by
Crossman Joseph L
Seller's Agent
Dawn Bear
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$445,000
Sold Price
$420,000
Premium/Discount to List
-$25,000
-5.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.04%
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
Quit Claim Deed $100 --
Warranty Deed $432,500 Attorney
Warranty Deed $420,000 Tropical Shells Title Llc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $432,500 VA
Previous Owner $432,500 VA
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/08/2025 07/08/25 Price Changed $629,000 -3.1% --
07/07/2025 07/07/25 For Sale $649,000 0.0% --
06/17/2025 06/17/25 Off Market $649,000 -- --
05/21/2025 05/21/25 Price Changed $649,000 -3.0% --
04/13/2025 04/13/25 Price Changed $669,000 -6.4% --
04/06/2025 04/06/25 Price Changed $714,900 -1.4% --
01/24/2025 01/24/25 Price Changed $724,900 -3.2% --
01/17/2025 01/17/25 For Sale $749,000 +73.2% --
05/10/2019 05/10/19 Sold $432,500 -3.9% $392 / Sq Ft
04/02/2019 04/02/19 Pending -- -- --
02/25/2019 02/25/19 Price Changed $449,900 -6.3% $408 / Sq Ft
02/04/2019 02/04/19 Price Changed $480,000 -4.0% $435 / Sq Ft
01/18/2019 01/18/19 Price Changed $500,000 0.0% $453 / Sq Ft
01/18/2019 01/18/19 For Sale $500,000 +15.6% $453 / Sq Ft
12/11/2018 12/11/18 Off Market $432,500 -- --
10/31/2018 10/31/18 For Sale $455,000 +8.3% $412 / Sq Ft
05/18/2018 05/18/18 Sold $420,000 -5.6% $325 / Sq Ft
04/21/2018 04/21/18 Pending -- -- --
04/13/2018 04/13/18 For Sale $445,000 -- $344 / 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 $437 $888,427 -- --
2023 $437 $740,900 $536,300 $204,600
2022 $7,053 $622,500 $458,300 $164,200
2021 $6,030 $461,100 $345,500 $115,600
2020 $3,201 $265,873 $0 $0
2019 $4,547 $336,900 $238,700 $98,200
2018 $5,197 $390,500 $335,000 $55,500
2017 $5,254 $362,010 $0 $0
2016 $4,587 $329,100 $242,800 $86,300
2015 $4,841 $362,400 $289,500 $72,900
2014 $4,434 $253,880 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4400087

Stellar MLS

APN: 0079-06-0002