551 Beach Rd Sarasota, FL 34242
3
Beds
2
Baths
1,088
Sq Ft
0.31
Acres
Highlights
- Property is near public transit
- Wood Flooring
- No HOA
- Phillippi Shores Elementary School Rated A
- Attic
- Oversized Lot
About This Home
As of July 2021Investor's Dream! It's like owning a duplex. Walk to the Village or world famous Siesta Key beach from this "one of a kind" on the Island! This property is two platted lots of record with Sarasota County. Two single-family homes allowed with grandfathered zoning for short term rentals. Already in place on one lot, a 1939 pecky cypress cottage with heart of pine floors, sits ready for your remodeling ideas. Turn this into the perfect historic beach charmer! Live in the cottage as you build your new dream home next door that boasts full Gulf views from the elevated first floor. Cottage could then be used as guest house or additional rental income. The possibilities are endless! Great development potential. Ask for architects rendering of 2800 square foot home - simply beautiful and elegant...Walk to Village! Walk to Beach! Last of its kind!
Last Agent to Sell the Property
Tracy Fippinger
License #3238883 Listed on: 05/18/2012
Co-Listed By
Abe Uccello
License #3092161
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,903
Year Built
- Built in 1939
Lot Details
- 0.31 Acre Lot
- Oversized Lot
- Additional Parcels
- Property is zoned RMF1
Home Design
- Fixer Upper
- Wood Frame Construction
- Metal Roof
Interior Spaces
- 1,088 Sq Ft Home
- Wood Flooring
- Crawl Space
- Oven
- Attic
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Full Bathrooms
Location
- Flood Zone Lot
- Property is near public transit
Utilities
- Central Heating and Cooling System
- High Speed Internet
- Cable TV Available
Community Details
- No Home Owners Association
- Sarasota Beach Community
- Sarasota Beach Subdivision
Listing and Financial Details
- Legal Lot and Block 19 / 21
- Assessor Parcel Number 0082140050
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 21, 2020
Closed on
Jul 8, 2021
Sold by
Livdog Llc
Bought by
Mabry Christopher and Mabry Brian
Seller's Agent
Anthony Almengual
BRIGHT REALTY
Buyer's Agent
Diane Goodwin
EXP REALTY LLC
List Price
$3,525,000
Sold Price
$3,400,000
Premium/Discount to List
-$125,000
-3.55%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$418,083
Avg. Annual Appreciation
6.65%
Original Mortgage
$2,550,000
Outstanding Balance
$2,340,582
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$2,083,579
Purchase Details
Listed on
May 18, 2012
Closed on
Aug 28, 2012
Sold by
Coleman Jean N
Bought by
Clodog Llc
Seller's Agent
Tracy Fippinger
Buyer's Agent
Anthony Almengual
BRIGHT REALTY
List Price
$750,000
Sold Price
$750,000
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.60%
Similar Homes in Sarasota, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Special Warranty Deed | $3,400,000 | None Listed On Document | |
| Deed | $350,000 | Attorney | |
| Deed | $400,000 | Attorney |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,550,000 | New Conventional | |
| Previous Owner | $1,500,000 | Stand Alone Refi Refinance Of Original Loan | |
| Previous Owner | $275,000 | Unknown |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/09/2021 07/09/21 | Sold | $3,400,000 | -3.5% | $601 / Sq Ft |
| 05/24/2021 05/24/21 | Pending | -- | -- | -- |
| 05/14/2021 05/14/21 | For Sale | $3,525,000 | 0.0% | $623 / Sq Ft |
| 05/08/2021 05/08/21 | Pending | -- | -- | -- |
| 10/20/2020 10/20/20 | For Sale | $3,525,000 | +370.0% | $623 / Sq Ft |
| 08/30/2012 08/30/12 | Sold | $750,000 | 0.0% | $689 / Sq Ft |
| 08/07/2012 08/07/12 | Pending | -- | -- | -- |
| 05/18/2012 05/18/12 | For Sale | $750,000 | -- | $689 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $40,558 | $3,447,600 | $1,694,400 | $1,753,200 |
| 2023 | $40,558 | $3,566,400 | $1,577,300 | $1,989,100 |
| 2022 | $35,301 | $2,931,700 | $1,402,000 | $1,529,700 |
| 2021 | $23,269 | $1,959,100 | $837,100 | $1,122,000 |
| 2020 | $20,053 | $1,544,600 | $794,200 | $750,400 |
| 2019 | $19,918 | $1,542,700 | $846,300 | $696,400 |
| 2018 | $19,421 | $1,501,200 | $846,300 | $654,900 |
| 2017 | $18,671 | $1,415,800 | $548,200 | $867,600 |
| 2016 | $19,651 | $1,542,900 | $564,000 | $978,900 |
| 2015 | $17,550 | $1,289,700 | $462,800 | $826,900 |
| 2014 | $5,028 | $330,200 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2021
Anthony Almengual
BRIGHT REALTY
(941) 377-2474
2 in this area
16 Total Sales
-
Buyer's Agent in 2021
Diane Goodwin
EXP REALTY LLC
(941) 706-6620
4 in this area
44 Total Sales
-
T
Seller's Agent in 2012
Tracy Fippinger
-
A
Seller Co-Listing Agent in 2012
Abe Uccello
Map
Source: Stellar MLS
MLS Number: A3960642
APN: 0082-14-0050
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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