NOT LISTED FOR SALE

5027 Commonwealth Dr Sarasota, FL 34242

Estimated Value: $984,000 - $1,932,000

0.22 Acre
$6,039,482 Price per Acre
9,737 Sq Ft Lot

Last Sold February 22, 2018

Last sale price $375,000 $250 Per Sq Ft

Est. 254% increase in value since last sale

Current estimated payment $7,610/month

49 Days on Market

Highlights

  • Private Lot
  • Wooded Lot
  • No HOA
  • Phillippi Shores Elementary School Rated A

About This Lot

As of February 2018

This property is the best of both worlds; nestled on a wooded road, but only 4 minutes to the Siesta Key public beach. Even better, it's waiting for YOUR design touches with the builder (separate cost & contract to be executed independent of this land purchase). Only one other vacant land is on the market in Siesta Key...don't let this location slip through your fingers like sand! The land has been leveled, & the neighbors' are waiting to welcome you! Siesta Key is lovely, often voted as a TOP beach destination in the nation. A survey can be viewed, and there is marketing collateral available from renowned Medallion Signature Homes to help you envision the final product available. Come imagine paradise with us!

Last Agent to Sell the Property

Ann Edwards

KW SUNCOAST Brokerage Phone: 941-729-7400 License #3360317 Listed on: 11/02/2017

KW SUNCOAST

Last Buyer's Agent

Robert Sherman

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3099603

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,899

Lot Details

  • 9,737 Sq Ft Lot
  • 79 Ft Wide Lot
  • Property fronts a county road
  • Private Lot
  • Cleared Lot
  • Wooded Lot
  • Property is zoned RSF2

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Riverview High School

Additional Features

  • Flood Insurance May Be Required
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Siesta Beach Community
  • Siesta Beach Subdivision

Listing and Financial Details

  • Legal Lot and Block 34 / 21
  • Assessor Parcel Number 0081100024

Property Details

Property Type

Land

Est. Annual Taxes

$2,899

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.22
  • Lot Size Sq Ft: 9737
  • Status: Sold
  • Ownership: Fee Simple
  • RATIO Current Price By Calculate: 38.51
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Attribution Contact: 941-729-7400
  • Tax Year: 2016
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Exterior Features

  • Home Warranty: No
  • Road Frontage Type: County Road
  • Waterfront: No
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12115C0143F

Utilities

  • Utilities: Cable Available
  • Sewer: None
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Association Fee Requirement: None

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Riverview High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081100024
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Flood Insurance may be required, Buildable, Cleared, Room For Pool, Paved, Private
  • Lot Dimensions: 456
  • Flood Zone Code: AE
  • Current Adjacent Use: Residential

Tax Info

  • Tax Annual Amount: 2899
  • Tax Block: 21
  • Tax Book Number: 1037-423
  • Tax Lot: 34

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 2, 2017
Closed on
Feb 22, 2018
Sold by
Navi James
Bought by
Oriol James B and Oriol Kerry H
Seller's Agent
Ann Edwards
KW SUNCOAST
Buyer's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$400,000
Sold Price
$375,000
Premium/Discount to List
-$25,000
-6.25%
Current Estimated Value
$1,328,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$953,686
Avg. Annual Appreciation
17.30%
Original Mortgage
$453,100
Outstanding Balance
$383,749
Interest Rate
3.99%
Mortgage Type
New Conventional
Estimated Equity
$944,938

Purchase Details

Closed on
Jul 9, 1996
Sold by
Macleod James H and Macleod Merle
Bought by
Navi James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.99%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Oriol James B $375,000 Attorney
Navi James $160,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Oriol James B $453,100
Previous Owner Navi James $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/22/2018 02/22/18 Sold $375,000 -6.3% $250 / Sq Ft
12/26/2017 12/26/17 Pending -- -- --
11/06/2017 11/06/17 For Sale $400,000 -- $267 / Sq Ft
Source: Stellar MLS

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
2025 $8,447 $724,813 -- --
2024 $8,180 $704,386 -- --
2023 $8,180 $683,870 $0 $0
2022 $7,961 $663,951 $0 $0
2021 $7,976 $644,613 $0 $0
2020 $8,019 $635,713 $0 $0
2019 $3,044 $242,100 $242,100 $0
2018 $3,402 $272,100 $272,100 $0
2017 $3,192 $243,540 $0 $0
2016 $2,899 $221,400 $221,400 $0
2015 $3,376 $268,200 $268,200 $0
2014 $4,052 $225,060 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4200974

Stellar MLS

APN: 0081-10-0024