NOT LISTED FOR SALE

501 N Tuttle Ave Sarasota, FL 34237

Downtown Sarasota Neighborhood

Estimated Value: $238,000 - $1,802,000

2 Beds
2 Baths
7,448 Sq Ft
$85/Sq Ft Est. Value

Last Sold May 16, 2018

Last sale price $935,000 $126 Per Sq Ft

Est. 31% decrease in value since last sale

Current estimated payment $3,754/month

4 Days on Market

Highlights

  • Deck
  • Property is near public transit
  • Corner Lot
  • Booker High School Rated A-
  • Florida Architecture
  • 3-minute walk to Tuttle Walkway Park

About This Home

As of May 2018

NO OTHER property like this in Sarasota! Four duplexes located on a large parcel of land on north Tuttle Ave., centrally located in area with high rental demand. It is located near bus service, minutes away from downtown Sarasota and the area beaches.

Last Agent to Sell the Property

Carolyn Clark

LOKATION License #3275376 Listed on: 04/05/2018

LOKATION

Last Buyer's Agent

Carolyn Clark

LOKATION License #3275376 Listed on: 04/05/2018

LOKATION

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,673

Year Built

  • Built in 1984

Lot Details

  • 39,656 Sq Ft Lot
  • Lot Dimensions are 137.6 x 273.35 x 21.07 x 121.7
  • Corner Lot
  • Level Lot

Home Design

  • Florida Architecture
  • Wood Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 7,448 Sq Ft Home
  • Blinds
  • Laundry in unit

Flooring

  • Carpet
  • Porcelain Tile
  • Ceramic Tile

Parking

  • Open Parking
  • Assigned Parking

Outdoor Features

  • Deck
  • Patio
  • Porch

Location

  • Property is near public transit
  • City Lot

Schools

  • Tuttle Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 4 Buildings
  • 8 Units
  • Aspen Woods East Community
  • Aspen Woods East Subdivision

Pet Policy

  • No Pets Allowed

Building Details

  • Gross Income $81,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,673

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Multi-Family
  • Architectural Style: Florida
  • Construction Materials: Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 7448
  • Lot Size Acres: 0.05
  • New Construction: No
  • Year Built: 1984
  • Lease Term: 24 Months
  • Lot Size Sq Ft: 39656
  • Tenant Pays: Electricity, Water
  • Directions to Property: From I75, head east on Fruitville Road. Turn right on Tuttle Avenue. Property is five lots north of Fruitville on the left side.
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4214413&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4214413&cview=true&show_results=true&customer_portal=true
  • Unit Count: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.99893
  • Price per Sq Ft: 125.54
  • Close to Original List Price Ratio: 0.99893
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Porcelain Tile
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 501-515
  • Number Of Buildings: 4
  • ResoLivingAreaSource: Owner

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0134F

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, None, Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk
  • Association: No
  • Senior Community: No
  • Deposits Y N: No
  • Association Fee Requirement: None

Schools

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

Lot Info

  • Zoning: RMF2
  • Parcel Number: 501-515 N. TUTTLE AVE
  • Additional Parcels: No
  • Lot Features: Corner Lot, City Lot, Level, Near Public Transit
  • Lot Dimensions: 137.6 x 273.35 x 21.07 x 121.7
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Multi Family

  • Gross Income: 81600
  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 12673
  • Tax Book Number: 29-37
  • Tax Lot: 124

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 27, 2019
Sold by
Hollyroad Rentals Llc
Bought by
Inverness Castle Llc
Current Estimated Value
$642,606

Purchase Details

Listed on
Apr 5, 2018
Closed on
May 16, 2018
Sold by
Spear Roger F and Hanke Jenny L
Bought by
Hollyrood Rentals Llc
Seller's Agent
Carolyn Clark
LOKATION
Buyer's Agent
Carolyn Clark
LOKATION
List Price
$936,000
Sold Price
$935,000
Premium/Discount to List
-$1,000
-0.11%

Purchase Details

Closed on
Mar 8, 2018
Sold by
Spear Roger F and The Fred Spear Living Trust
Bought by
Hanke Jenny L

Purchase Details

Closed on
Jun 4, 1998
Sold by
Spear Fred L
Bought by
Spear Fred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
7.15%

Purchase Details

Closed on
Jun 1, 1998
Sold by
Keiser James A and Keiser Lynette L
Bought by
Spear Fred L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
7.15%
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
Inverness Castle Llc -- Attorney
Hollyrood Rentals Llc $935,000 Attorney
Hanke Jenny L -- Attorney
Spear Fred L -- --
Spear Fred L $85,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Spear Fred L $68,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2018 05/16/18 Sold $935,000 -0.1% $126 / Sq Ft
04/09/2018 04/09/18 Pending -- -- --
04/05/2018 04/05/18 For Sale $936,000 -- $126 / 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 $2,464 $146,264 -- --
2023 $2,464 $184,500 $80,600 $103,900
2022 $2,313 $177,600 $73,300 $104,300
2021 $1,936 $123,200 $57,400 $65,800
2020 $1,732 $99,900 $41,900 $58,000
2019 $1,738 $100,600 $41,900 $58,700
2018 $1,613 $102,500 $42,000 $60,500
2017 $1,584 $76,866 $0 $0
2016 $1,372 $82,200 $19,200 $63,000
2015 $1,209 $64,700 $16,400 $48,300
2014 $1,142 $52,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carolyn Clark

    Seller's Agent in 2018

    Carolyn Clark

    LoKation Real Estate

    (941) 504-5046

    1 in this area

    10 Total Sales

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Map

Source: Stellar MLS

MLS Number: A4214413

Stellar MLS

APN: 2028-09-0036

Florida Sarasota County Sarasota 34237 Downtown Sarasota

501 N Tuttle Ave, Sarasota, FL

This home is located at 501 N Tuttle Ave, Sarasota, FL 34237 since 05 April 2018 and is currently estimated at $630,650, approximately $84 per square foot. This property was built in 1984. 501 N Tuttle Ave is a home located in Sarasota County with nearby schools including Tuttle Elementary School, Booker Middle School, and Booker 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

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