NOT LISTED FOR SALE

5306 S Lockwood Ridge Rd Sarasota, FL 34231

Estimated Value: $428,584 - $1,366,000

3 Beds
2 Baths
4,975 Sq Ft
$140/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $1,850,000 $372 Per Sq Ft

Current estimated payment $4,238/month

141 Days on Market

Highlights

  • 1.25 Acre Lot
  • Open Floorplan
  • No HOA
  • Riverview High School Rated A
  • Stone Countertops
  • 2 Car Attached Garage

About This Home

As of February 2022

Take advantage of this incredible and unique investment opportunity. Three adjacent duplexes and one single family home across the street are located just minutes from some of the best public schools in Sarasota and the beaches of Siesta Key. Both units in two of the duplexes are currently rented with the potential for increased rent. Third duplex being updated with potential rent per unit of $1,600 or greater. Fencing surrounds all three yards creating one amazing backyard for all duplex units. Each unit has either a private garage or a carport (or screened-in carport) as well as additional parking. The single-family home is on an oversized 16,000 plus square foot lot and features newer roof and windows. With some basic updates it would make a great rental. There may also be potential to divide the single-family home lot. Neighborhood in transition with new-build estate properties as well as traditional single-family homes. Great investor opportunity, live in one and rent the others out or create a unique multi-generational situation. Lots of options here particularly with the hot rental market. Price may increase as more improvements are made.

Last Agent to Sell the Property

Joel Schemmel

DOUGLAS ELLIMAN License #3060476 Listed on: 08/03/2021

DOUGLAS ELLIMAN

Last Buyer's Agent

Margi Beshore

SRQ PROPERTIES License #3310182

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,207

Year Built

  • Built in 1969

Lot Details

  • 1.25 Acre Lot
  • Additional Parcels

Parking

  • 2 Car Attached Garage
  • 4 Carport Spaces
  • Garage Door Opener
  • Open Parking

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,975 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • French Doors
  • Combination Dining and Living Room

Kitchen

  • Range
  • Dishwasher
  • Stone Countertops

Laundry

  • Dryer
  • Washer

Schools

  • Gulf Gate Elementary School
  • Sarasota Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • 7 Units
  • 7,092 Sq Ft Building
  • Sun Haven Community
  • Sun Haven Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,207

Year Built

Built in 1969

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Duplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 4975
  • Lot Size Acres: 1.25
  • New Construction: No
  • Year Built: 1969
  • Building Area Total: 7092
  • Lot Size Sq Ft: 44652
  • Number Of Lots: 3
  • Tenant Pays: Electricity
  • Directions to Property: Clark Rd to Lockwood Ridge Rd then left on Ashton Rd. Duplexes are the last three on the left at Lockwood Ridge and Ashton Rd.
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4507885?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4507885?w=Customer
  • Unit Count: 3
  • Homestead Y N: No
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.97625
  • Price per Sq Ft: 371.86
  • Close to Original List Price Ratio: 1.24161
  • Ratio: Current Price\Building Area Total: 260.86
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Stone Counters, Thermostat
  • Appliances Included: Dishwasher, Dryer, Range, Washer
  • Foundation Details: Slab
  • Spa Yn: No
  • Street Number Modifier: 5306-5312
  • Number Of Buildings: 3

Exterior Features

  • Exterior Features: French Doors
  • Roof: Metal, Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved, Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0144F
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 4
  • Carport Y N: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener
  • Covered Parking Spaces: 4
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Phone Available, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • S W Subdiv Condo Num: 1608

Schools

  • Elementary School: Gulf Gate Elementary
  • High School: Riverview High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0088030006
  • Additional Parcels Description: 0088030005, 0088030007, 0087140012
  • Additional Parcels: Yes
  • Lot Features: In County
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04

Multi Family

  • Number Of Units Total: 7

Tax Info

  • Tax Annual Amount: 10207
  • Tax Book Number: 16-19
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2021
Closed on
Feb 1, 2022
Sold by
Gerard Mcparland and Gerard Glen
Bought by
Klugh Development Llc
Seller's Agent
Joel Schemmel
DOUGLAS ELLIMAN
Buyer's Agent
Margi Beshore
SRQ PROPERTIES
List Price
$1,490,000
Sold Price
$1,850,000
Premium/Discount to List
$360,000
24.16%
Current Estimated Value
$698,146

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,151,854
Avg. Annual Appreciation
-23.77%

Purchase Details

Closed on
Dec 30, 2013
Sold by
Reed Richard J
Bought by
Mcparland Andrea
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
Klugh Development Llc $483,000 Berlin Patten Ebling Pllc
Mcparland Andrea $145,000 Mti Title Ins Agency Inc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $1,850,000 -2.4% $372 / Sq Ft
12/22/2021 12/22/21 Pending -- -- --
11/19/2021 11/19/21 Price Changed $1,895,000 +27.2% $381 / Sq Ft
08/03/2021 08/03/21 For Sale $1,490,000 -- $299 / 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 $5,300 $371,300 $128,700 $242,600
2023 $5,300 $370,700 $122,300 $248,400
2022 $4,260 $330,700 $121,500 $209,200
2021 $3,421 $205,100 $79,400 $125,700
2020 $3,192 $183,300 $56,100 $127,200
2019 $3,100 $181,900 $55,300 $126,600
2018 $2,678 $172,900 $48,400 $124,500
2017 $2,364 $142,700 $45,500 $97,200
2016 $2,343 $141,700 $35,500 $106,200
2015 $2,220 $128,100 $31,200 $96,900
2014 $2,031 $77,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joel Schemmel

    Seller's Agent in 2022

    Joel Schemmel

    DOUGLAS ELLIMAN

    (941) 587-4894

    1 in this area

    346 Total Sales

    Joel Schemmel
    Section Image

  • M

    Buyer's Agent in 2022

    Margi Beshore

    SRQ PROPERTIES

    (941) 504-7233

    2 in this area

    9 Total Sales

    Margi Beshore
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4507885

Stellar MLS

APN: 0088-03-0006

Florida Sarasota County Sarasota 34231

5306 S Lockwood Ridge Rd, Sarasota, FL

This home is located at 5306 S Lockwood Ridge Rd, Sarasota, FL 34231 since 03 August 2021 and is currently estimated at $698,146, approximately $140 per square foot. This property was built in 1969. 5306 S Lockwood Ridge Rd is a home located in Sarasota County with nearby schools including Riverview High School, Gulf Gate Elementary School, and Brookside Middle 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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