NOT LISTED FOR SALE

5167 Desoto Rd Sarasota, FL 34235

Estimated Value: $961,851 - $1,034,000

2.23 Acres
$447,500 Price per Acre
97,139 Sq Ft Lot

Last Sold May 14, 2024

Last sale price $1,050,000

Est. 5% decrease in value since last sale

Current estimated payment $6,039/month

584 Days on Market

About This Lot

As of May 2024

Incredible development opportunity, rarely available land with UTC at your fingertips. 2.23 acres recently rezoned to RSF-4 allowing up to 11 units to be built on site. This property could potentially be rezoned to RMF-2 which would allow for up to 20 multi family units, or up to 40, 1/2 ADU’s.? (Units less than 750 sq.? ft.) Walk to all UTC has to offer. 1.5 Miles to I-75. Please see concept pictures and non-binding site approval plan in photos and video. Additional documents available.

Last Agent to Sell the Property

Seth Westerberg

EXP REALTY LLC Brokerage Phone: 888-883-8509 License #3357541 Listed on: 09/08/2022

EXP REALTY LLC

Last Buyer's Agent

Ashley Goldstein

COLDWELL BANKER REALTY License #3492538

COLDWELL BANKER REALTY

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,347

Lot Details

  • 2.23 Acre Lot
  • Lot Dimensions are 320x304
  • Property fronts a county road
  • South Facing Home
  • Property is zoned RSF4

Schools

  • Emma E. Booker Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Tax Lot 14
  • Assessor Parcel Number 0016160002

Property Details

Property Type

Land

Est. Annual Taxes

$2,347

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 2.23
  • Lot Size Sq Ft: 97350
  • Directions to Property: From I-75 take University exit and head West. Turn left at your first light .4 mi from exit at Cattlemen Road. Turn right at 3rd traffic circle or .5 mi from University onto Desoto Rd. Travel .6 mi down Desoto just past Honore and the property is on your right.
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1041803
  • RATIO Current Price By Calculate: 10.79
  • Total Acreage: 2 to less than 5
  • Water Access YN: 0
  • Attribution Contact: 888-883-8509
  • Tax Year: 2021
  • Special Features: VirtualTour
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 5167

Exterior Features

  • Direction Faces: South
  • Road Frontage Type: County Road
  • Waterfront: No
  • Road Surface Type: Paved
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2016-11-04
  • Flood Zone Panel: 12115C0064F
  • Price Per Acre: 470852

Utilities

  • Utilities: Cable Available, Electrical Nearby, Electricity Available, Sewer Available, Sewer Nearby, Water Available, Water Nearby
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Association: No
  • Association 2 YN: 0
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Emma E. Booker Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: RSF4
  • Parcel Number: 0016160002
  • Additional Parcels: No
  • Current Use: Unimproved
  • Lot Dimensions: 320x304
  • Flood Zone Code: X
  • Lot Size Square Meters: 9044
  • Current Adjacent Use: Residential

Tax Info

  • Tax Annual Amount: 2347
  • Tax Book Number: 884-987
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2022
Closed on
May 14, 2024
Sold by
E & E Trust Services Llc
Bought by
Community Haven For Adults And Children With
Seller's Agent
Seth Westerberg
EXP REALTY LLC
Buyer's Agent
Ashley Goldstein
COLDWELL BANKER REALTY
List Price
$1,200,000
Sold Price
$1,050,000
Premium/Discount to List
-$150,000
-12.5%
Views
219
Current Estimated Value
$997,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,074
Avg. Annual Appreciation
-3.90%

Purchase Details

Closed on
Aug 15, 2022
Sold by
Kimquy T Kieu Family Trust
Bought by
5167 Desoto Rd Land Trust

Purchase Details

Closed on
Apr 9, 2018
Sold by
Faqqouseh Rashid A
Bought by
Kieu Kimquy T and The Kimquy T Kieu Family Trust

Purchase Details

Closed on
Jun 13, 2005
Sold by
Suwaity Haiel A
Bought by
Faqqouseh Rashid A

Purchase Details

Closed on
Oct 21, 2002
Sold by
Lettera Anthony J and Lettera Patricia
Bought by
Faqqouseh Rashid A and Suwaity Haiel A

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
6.21%

Purchase Details

Closed on
Feb 7, 1997
Sold by
Weborg Howard and Weborg Ruby
Bought by
Lettera Anthony J and Lettera Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,019
Interest Rate
7.7%

Purchase Details

Closed on
Jun 24, 1996
Sold by
Weborg Howard and Weborg Ruby
Bought by
Grieff Neal and Grieff Sabine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,811
Interest Rate
8.05%
Source: Public Records

Range of Values:

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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
Community Haven For Adults And Children With $1,050,000 None Listed On Document
5167 Desoto Rd Land Trust $875,000 Sarasota Title Services
Kieu Kimquy T $185,000 Sarasota Title Services Inc
Faqqouseh Rashid A $70,000 --
Faqqouseh Rashid A $125,000 --
Lettera Anthony J $68,000 --
Grieff Neal $56,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Faqquseh Rashid $50,000
Previous Owner Faqqouseh Rashid A $200,000
Previous Owner Faqqouseh Rashid A $100,000
Previous Owner Faqqouseh Rashid A $100,000
Previous Owner Lettera Anthony J $41,501
Previous Owner Lettera Anthony J $55,019
Previous Owner Grieff Neal $45,811
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/14/2024 05/14/24 Sold $1,050,000 -12.5% --
04/15/2024 04/15/24 Pending -- -- --
01/19/2024 01/19/24 For Sale $1,200,000 0.0% --
01/13/2024 01/13/24 Pending -- -- --
10/16/2023 10/16/23 Price Changed $1,200,000 -14.2% --
03/16/2023 03/16/23 For Sale $1,399,000 0.0% --
03/01/2023 03/01/23 Pending -- -- --
01/31/2023 01/31/23 Price Changed $1,399,000 -6.7% --
12/05/2022 12/05/22 Price Changed $1,499,000 -11.6% --
10/17/2022 10/17/22 Price Changed $1,695,000 -13.1% --
09/08/2022 09/08/22 For Sale $1,950,000 -- --
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 $7,221 $684,200 -- --
2023 $7,221 $622,000 $614,600 $7,400
2022 $2,762 $290,500 $281,400 $9,100
2021 $2,347 $212,000 $204,600 $7,400
2020 $1,822 $139,100 $131,600 $7,500
2019 $1,944 $149,500 $142,300 $7,200
2018 $1,905 $150,900 $144,500 $6,400
2017 $1,697 $126,900 $120,100 $6,800
2016 $1,631 $119,300 $112,300 $7,000
2015 $1,529 $108,500 $101,100 $7,400
2014 $1,469 $90,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4546885

Stellar MLS

APN: 0016-16-0002