NOT LISTED FOR SALE

516 Canal Rd Sarasota, FL 34242

Estimated Value: $1,295,000 - $1,640,826

2 Beds
3 Baths
2,012 Sq Ft
$720/Sq Ft Est. Value

Sale Details

Date Sold: May 14, 2015

Last sale price $640,000 $318 Per Sq Ft

Est. 126% increase in value since last sale

Current estimated payment $9,365 / mo

150 Days on Market

Highlights

  • Gunite Pool
  • Deck
  • Key West Architecture
  • Phillippi Shores Elementary School Rated A
  • Cathedral Ceiling
  • Wood Flooring

About This Home

As of May 2015

Income producing duplex one block from Siesta beach at access #9 and four blocks to Siesta village. This property is currently being leased as a annual rental. In the past as a seasonal rental the income was $37,000 per year. The lower unit (516) has 1 bedroom 1 bath and was updated in 2011 with new flooring in the kitchen, rebuilt cabinets and counters, new dishwasher and new copper pipes. The bath was updated also in 2011. New washer/dryer in 2013. A large screened porch overlooks the clear blue tropical private pool.
The upper unit (518) has 2 bedrooms and 1 bath which was also updated in 2011. New flooring in the living room and back bedroom. Tile in the kitchen, the stove, dishwasher, sink, cabinets and counters also done in 2011. Parking for 4 cars

Last Agent to Sell the Property

Glenn Davis

COLDWELL BANKER SARASOTA CENT. License #3133555 Listed on: 10/20/2014

COLDWELL BANKER SARASOTA CENT.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,247

Year Built

  • Built in 1954

Lot Details

  • 4,668 Sq Ft Lot
  • Lot Dimensions are 55x98x38x104
  • Fenced
  • Mature Landscaping

Home Design

  • Duplex
  • Key West Architecture
  • Bi-Level Home
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,012 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Family Room Off Kitchen
  • Inside Utility
  • Fire and Smoke Detector

Kitchen

  • Range Hood
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Laundry

  • Dryer
  • Washer

Parking

  • Driveway
  • Open Parking

Outdoor Features

  • Gunite Pool
  • Balcony
  • Deck
  • Screened Patio
  • Rain Gutters
  • Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 0082120003

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,247

Year Built

Built in 1954

Lot Details

4,668 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Architectural Style: Key West
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 2012
  • Lot Size Acres: 0.11
  • New Construction: No
  • Year Built: 1954
  • Lot Size Sq Ft: 4668
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • RATIO Current Price By Calculate: 318.09
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 0
  • Tax Year: 2014
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Wood
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Kitchen/Family Room Combo, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Levels: Two
  • Window Features: Blinds
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility

Exterior Features

  • Pool Features: Gunite, Heated
  • Exterior Features: Balcony, Fence, Rain Gutters, Sidewalk
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Disclosures: Lead Paint, Seller Property Disclosure
  • Water View YN: 0

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Sidewalks
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0082120003
  • Additional Parcels: No
  • Lot Features: In County, Sidewalk, Paved
  • Lot Dimensions: 55x98x38x104

Rental Info

  • Pets Allowed: Yes
  • Security Deposit: 0

Multi Family

  • Number Of Units Total: 1
  • Total Num Buildings: 1
  • Unit Count: 3

Tax Info

  • Tax Annual Amount: 5247

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 5, 2021
Sold by
609 S Trail Llc
Bought by
Benke John and Benke Laura
Current Estimated Value
$1,449,457

Purchase Details

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

Purchase Details

Listed on
Oct 20, 2014
Closed on
May 15, 2015
Sold by
Muncy Keith and Muncy Erica
Bought by
Wenk Scott and Mccampbell Wenk Hope
Seller's Agent
Glenn Davis
COLDWELL BANKER SARASOTA CENT.
List Price
$775,000
Sold Price
$640,000
Premium/Discount to List
-$135,000
-17.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.73%
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

Purchase Details

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

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
Source: Public Records
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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
Benke John $1,050,000 Attorney
609 S Trail Llc $4,300,000 Attorney
609 S Trail Llc $4,300,000 Attorney
Wenk Scott $640,000 Attorney
Wenk Scott $640,000 Attorney
Muncy Keith $735,800 None Available
Muncy Keith $735,800 None Available
Canel 2 L L C -- --
Canel 2 L L C -- --
Smith Todd $320,000 --
Smith Todd $320,000 --
Canel Two L L C -- --
Canel Two L L C -- --
Canel Two L L C -- --
Canel Two L L C -- --
Seider Tracy G $145,000 --
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
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $640,000 -- --
05/14/2015 05/14/15 Sold $640,000 -7.9% $318 / Sq Ft
03/09/2015 03/09/15 Price Changed $695,000 -7.3% $345 / Sq Ft
01/27/2015 01/27/15 Price Changed $750,000 -3.2% $373 / Sq Ft
10/20/2014 10/20/14 For Sale $775,000 -- $385 / 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 $20,166 $1,427,600 $1,021,600 $406,000
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

  • G

    Seller's Agent in 2015

    Glenn Davis

    COLDWELL BANKER SARASOTA CENT.

    (941) 350-7749

    16 Total Sales

    Glenn Davis
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Map

Source: Stellar MLS

MLS Number: A4106731

Stellar MLS

APN: 0082-12-0003

Florida Sarasota County Sarasota 34242

516 Canal Rd, Sarasota, FL

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 All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Listings courtesy of Stellar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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