NOT LISTED FOR SALE

516 Canal Rd Unit 516 / 518 Sarasota, FL 34242

Estimated Value: $1,394,000 - $2,328,000

2 Beds
3 Baths
2,540 Sq Ft
$673/Sq Ft Est. Value

Last Sold March 05, 2021

Last sale price $1,050,000 $413 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $10,637/month

146 Days on Market

Highlights

  • Parking available for a boat
  • Water Access
  • Fishing
  • Phillippi Shores Elementary School Rated A
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of March 2021

SIESTA KEY ~ SIESTA KEY BEACH ~ SIESTA KEY VILLAGE ~ RENTAL DUPLEX, have you wanted to own and manage your own rental property on Siesta Key but just did not want something to complicated, here it is! A simple; oversized 2-1 bedroom unit duplex right in the middle of all the necessary beach and village accesses! A very complete transition plan in place for the new owner. By the way newer pool on the property. A must see if you are just getting started or want to add to your operating rental portfolio.

Last Agent to Sell the Property

Robert Anderson Jr

RE/MAX ALLIANCE GROUP License #3054681 Listed on: 09/24/2020

RE/MAX ALLIANCE GROUP

Last Buyer's Agent

Joseph Kesslak

COLDWELL BANKER REALTY License #3360026

COLDWELL BANKER REALTY

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,712

Year Built

  • Built in 1954

Lot Details

  • 4,668 Sq Ft Lot
  • Lot Dimensions are 50 x 94
  • Fenced
  • Level Lot

Property Views

  • Garden
  • Pool

Home Design

  • Duplex
  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • Split Bedroom Floorplan
  • 2,540 Sq Ft Home
  • Open Floorplan
  • Vaulted Ceiling
  • Window Treatments
  • Sliding Doors
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Storage Room

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Carpet
  • Ceramic Tile

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Oversized Parking
  • Ground Level Parking
  • Tandem Parking
  • Driveway
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • Parking available for a boat

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Water Access
  • Balcony
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window
  • Thermostat
  • Electric Water Heater
  • Fiber Optics Available
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 2 / 21
  • Assessor Parcel Number 0082120003

Community Details

Overview

  • 2,540 Sq Ft Building
  • Robert T. Anderson Association, Phone Number (941) 350-8671
  • Sarasota Beach Community
  • Sarasota Beach Subdivision

Recreation

  • Community Pool
  • Fishing

Pet Policy

  • Pets Allowed

Additional Features

  • Community Storage Space
  • Gross Income $125,000
  • Security Service

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,712

Year Built

Built in 1954

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Wood Siding
  • Living Area: 2540.00
  • Lot Size Acres: 0.11
  • Year Built: 1954
  • Building Area Total: 2540.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479094?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479094?w=Customer
  • Lot Size Sq Ft: 4668
  • Number Of Lots: 1
  • Building Search Sq Meters: 235.97
  • Directions to Property: Sarasota ~ Siesta Key ~ Canal Road ~ #516
  • List Office Head Office Key Nume: 1047486
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Additional Rooms: Storage Rooms
  • Flooring: Carpet, Ceramic Tile
  • Interior Amenities: High Ceiling(s), Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Downstairs, Open Floorplan, Solid Surface Counters, Split Bedroom, Thermostat, Vaulted Ceiling(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Levels: One
  • Living Area Meters: 235.97
  • Street Number Modifier: 516

Exterior Features

  • Other Structures: Storage
  • Additional Water Information: Siesta Key Public Beach Access Near By!
  • Water Access: Beach - Public, Gulf/Ocean
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Balcony, Fenced, Lighting, Outdoor Grill, Sidewalk, Sliding Doors, Storage
  • Roof: Shingle
  • Flood Zone Code: AE
  • Flood Zone Date: 09/14/2020
  • Flood Zone Panel: 0143F
  • Water Access: Yes
  • Pool Private: Yes
  • View: Garden, Pool
  • Water Body Name: GULF OF MEXICO
  • Patio and Porch Features: Covered, Enclosed, Rear Porch, Screened
  • Road Surface Type: Asphalt, Gravel, Paved

Garage/Parking

  • Parking Features: Assigned, Boat, Driveway, Ground Level, Guest, Off Street, Open, Oversized, Tandem, Underground

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Sewer Connected
  • Cooling: Central Air, Wall/Window Unit(s), Zoned
  • Heating: Electric, Wall Units / Window Unit, Zoned
  • Laundry Features: Inside, Laundry Closet, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Sarasota Beach
  • S W Subdiv Condo Num: 289
  • Community Features: Fishing, Water Access
  • Pet Restrictions: Please refer to "Sarasota County Code"
  • Building Name Number: 516 / 518 CANAL
  • Pet Size: Extra Large (101+ Lbs.)
  • Association Amenities: Pool, Security, Storage
  • Association Name: Robert T. Anderson
  • Phone: 941-350-8671
  • Association Email: ON FILE
  • Association Website: http://ON FILE
  • Complex Community Name Nccb: 516 / 518 CANAL ROAD

Schools

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

Lot Info

  • Future Land Use: RMF-1
  • Total Acreage: 0 to less than 1/4
  • Zoning: RMF1
  • Parcel Number: 0082120003
  • Lot Features: FloodZone, In County, Level/Flat, Near Public Transit, Sidewalk
  • Lot Dimensions: 50 X 94
  • Lot Size Square Meters: 434

Rental Info

  • Minimum Lease: 1-7 Days
  • Additional Lease Restrictions: Please refer to Sarasota County Code for RMF-1 zoning.
  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Total Actual Rent: 10417

Multi Family

  • Annual Expenses: 24323
  • Approval Process: Property Manager / Reservation
  • Est Annual Market Income: 100677.00
  • Total Monthly Expenses: 5834
  • Total Num Buildings: 1
  • Unit Count: 2
  • Gross Income: 125000
  • Number Of Units Total: 2

Tax Info

  • Tax Annual Amount: 9711.89
  • Tax Block: 21
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 24, 2020
Closed on
Mar 5, 2021
Sold by
609 S Trail Llc
Bought by
Benke John and Benke Laura
Seller's Agent
Robert Anderson Jr
RE/MAX ALLIANCE GROUP
Buyer's Agent
Joseph Kesslak
COLDWELL BANKER REALTY
List Price
$1,199,000
Sold Price
$1,050,000
Premium/Discount to List
-$149,000
-12.43%
Current Estimated Value
$1,709,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$659,493
Avg. Annual Appreciation
11.18%

Purchase Details

Closed on
Dec 28, 2019
Sold by
Wenk Scott A and Mccampbell Weak Hope
Bought by
609 S Trail Llc

Purchase Details

Closed on
May 15, 2015
Sold by
Muncy Keith and Muncy Erica
Bought by
Wenk Scott and Mccampbell Wenk Hope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
3.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 9, 2006
Sold by
Canel Two Llc
Bought by
Muncy Keith and Muncy Erica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$297,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 13, 2002
Sold by
Smith Todd and Smith Joy M
Bought by
Canel 2 L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$443,700
Interest Rate
6.15%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2001
Sold by
Seider Tracy G
Bought by
Smith Todd and Smith Joy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
7.08%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 16, 2000
Sold by
Smith Todd and Smith Joy M
Bought by
Canel Two L L C

Purchase Details

Closed on
May 18, 1994
Sold by
Donner Kenneth C and Donner Wanda L
Bought by
Seider Tracy G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,500
Interest Rate
8.24%
Mortgage Type
Commercial
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
Benke John $1,050,000 Attorney
609 S Trail Llc $4,300,000 Attorney
Wenk Scott $640,000 Attorney
Muncy Keith $735,800 None Available
Canel 2 L L C -- --
Smith Todd $320,000 --
Canel Two L L C -- --
Seider Tracy G $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wenk Scott $480,000
Previous Owner Muncy Keith $297,000
Previous Owner Canel 2 L L C $443,700
Previous Owner Smith Todd $440,000
Previous Owner Seider Tracy G $130,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/05/2021 03/05/21 Sold $1,050,000 -12.4% $413 / Sq Ft
02/17/2021 02/17/21 Pending -- -- --
09/24/2020 09/24/20 For Sale $1,199,000 -- $472 / 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 $18,453 $1,602,645 -- --
2023 $18,453 $1,532,900 $1,155,800 $377,100
2022 $16,550 $1,324,500 $1,059,200 $265,300
2021 $10,831 $835,600 $611,300 $224,300
2020 $9,712 $700,800 $574,500 $126,300
2019 $9,574 $745,000 $613,100 $131,900
2018 $9,030 $716,800 $524,200 $192,600
2017 $7,536 $527,700 $272,000 $255,700
2016 $7,512 $522,100 $264,700 $257,400
2015 $5,963 $449,200 $257,000 $192,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4479094

Stellar MLS

APN: 0082-12-0003