NOT LISTED FOR SALE

475 Benjamin Franklin Dr Unit 204 Sarasota, FL 34236

Lido Key Neighborhood

Estimated Value: $442,345 - $519,000

1 Bed
1 Bath
593 Sq Ft
$764/mo HOA Fee

Last Sold May 28, 2021

Last sale price $329,000 $555 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $3,975/month

4 Days on Market

Highlights

  • Waterfront Community
  • Water Access
  • Full Gulf or Ocean Views
  • Southside Elementary School Rated A
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of May 2021

Gulf-front views, turnkey-furnished, attractive investment opportunity and steps to Lido Beach. With only 16 Gulf-facing units in Lido Dorset, this second-floor unit is rarely available. It’s a popular one-bedroom, one-bath weekly rental and has been meticulously maintained. Appointed with tasteful furnishings and décor from Baer’s Furniture, primarily Tommy Bahama, and recent updates include new AC in 2018 and new interior doors and hardware in 2020. The master bedroom features a king-size bed and custom-storage California Closets system. The living area has a queen-size pullout sofa bed allowing the ability to sleep four comfortably, and a breakfast bar is located in the kitchen. Renters/owners can step out front to head to the beach or use the back entrance to access the heated pool, community grill and recreational areas. The convenient location of Lido Dorset allows for quick trips to St. Armands Circle for shopping and dining, and downtown Sarasota is only minutes away. The building features on-site rental management, and the unit has an excellent rental history with bookings already confirmed for late 2021 and early 2022.

Last Agent to Sell the Property

Julie Guirguis

RONTO REALTY, LLC License #3484033 Listed on: 04/21/2021

Last Buyer's Agent

Ilene Mirman

ILENE MIRMAN REALTY INC License #0171491

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,355

Year Built

  • Built in 1963

Lot Details

  • West Facing Home

HOA Fees

  • $764 Monthly HOA Fees

Parking

  • Assigned Parking

Property Views

  • Full Gulf or Ocean
  • Pool

Home Design

  • Turnkey
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 593 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Shutters

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Water Access
  • Exterior Lighting
  • Outdoor Grill

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Neil Fleet, Property Manager, Adv Mgmt Of Sw Fl Association, Phone Number (941) 359-1134
  • Lido Dorset Community
  • Lido Dorset Subdivision
  • Rental Restrictions

Recreation

  • Waterfront Community
  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,355

Year Built

Built in 1963

Lot Details

0

HOA Fees

$764 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 593
  • New Construction: No
  • Year Built: 1963
  • Building Area Total: 593
  • Directions to Property: From downtown Sarasota, take the Ringling Bridge through St Armands. Continue on John Ringling Blvd, which bends to the south and turns into Benjamin Franklin Drive. Lido Dorset resort is located on the east side of the road, opposite the public beach parking lot. Parking is available on the street.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4497894?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4497894?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Unit Number Y N: No
  • Call Center Phone Number: 941-364-4000
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 554.81
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 554.81
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, Open Floorplan, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Yn: No
  • Stories: 2
  • Window Features: Shutters
  • Street Number Modifier: 475
  • Room Count: 3

Exterior Features

  • Direction Faces: West
  • Pool Features: Heated, In Ground
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Sidewalk
  • Roof: Built-Up
  • Pool Private: No
  • View: Pool, Water
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water View: Gulf/Ocean - Full
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Guest
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Pool, Water Access, Waterfront
  • Association Name: Neil Fleet, Property Manager, Adv Mgmt of SW FL
  • Phone: 941-359-1134
  • Association: No
  • Senior Community: No
  • Condo Fees: 2293
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 764
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 9172
  • Total Monthly Fees: 764.33

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 2016051023
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: No
  • Minimum Lease: 1 Week
  • Num Timesper Year: 52
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: See condo docs.

Tax Info

  • Tax Annual Amount: 3355.46
  • Tax Book Number: 1251-773
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2022
Sold by
Singer and Tami
Bought by
Talmage Ross
Current Estimated Value
$493,295

Purchase Details

Listed on
Apr 21, 2021
Closed on
May 27, 2021
Sold by
Mccgill Laurie
Bought by
Singer Michael and Singer Tami
Seller's Agent
Julie Guirguis
RONTO REALTY, LLC
Buyer's Agent
Ilene Mirman
ILENE MIRMAN REALTY INC
List Price
$329,000
Sold Price
$329,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.91%

Purchase Details

Closed on
Nov 15, 2011
Sold by
Mcgill Laurie and Estate Of William Edward Brigg
Bought by
Mcgill Laurie
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 Buyer Sale Price Title Company
Talmage Ross $485,000 Berlin Patten Ebling Pllc
Singer Michael $329,000 Attorney
Mcgill Laurie -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/28/2021 05/28/21 Sold $329,000 0.0% $555 / Sq Ft
04/25/2021 04/25/21 Pending -- -- --
04/21/2021 04/21/21 For Sale $329,000 -- $555 / 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 $5,828 $369,300 -- $369,300
2023 $5,828 $383,500 $0 $383,500
2022 $4,628 $298,300 $0 $298,300
2021 $3,421 $209,800 $0 $209,800
2020 $3,355 $200,300 $0 $200,300
2019 $3,902 $244,300 $0 $244,300
2018 $3,470 $207,500 $0 $207,500
2017 $3,252 $192,000 $0 $192,000
2016 $3,296 $198,900 $0 $198,900
2015 $2,973 $167,200 $0 $167,200
2014 $3,178 $169,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4497894

Stellar MLS

APN: 2016-05-1023