NOT LISTED FOR SALE

5880 Colonial Dr Sarasota, FL 34231

Estimated Value: $856,000 - $878,260

1 Bed
1 Bath
600 Sq Ft
15,246 Sq Ft Lot

Highlights

  • Open Floorplan
  • No HOA
  • Central Heating and Cooling System
  • Riverview High School Rated A
  • Eat-In Kitchen

About This Home

As of July 2024

This 1 Bedroom 1 Bath Condo is located in Gulf Gate! The open floor plan connects the living room and the kitchen. The living room, kitchen and bedrooms have wood plank tile flooring. The kitchen features white tile counter-tops and backsplash, a double sink, stainless steel stove and refrigerator. There is a closet in the hall that can also be used as a pantry. The bedroom includes a closet with space to hang items and a shelf. The bathroom includes white counter-tops and a tub / shower combination. Rent includes water, sewer, and trash collection. Max 2 Pets. Dogs with Breed Restrictions. The unit does not have Washer / Dryer hookups, however, there are local laundromat’s nearby with coin laundry machines. Gulf Gate is close to dining, shopping, transportation, Gulf Gate Library, Legacy Trail, and of course the world famous Siesta Beach and Siesta Village. A+ schools. Located not far from downtown Sarasota. Please be aware that leasing this property includes a non-optional Home Assistant Services Package that will cost an additional $30 per month. These services and their cost are separate from Tenant’s monthly rent payment and all other payments described in the Lease or any separate Lease addendums. The Home Assistant Services offered are described in the Resident Welcome Packet which can be viewed here: www.sarasotamanagement.com/home-assistant/

Last Agent to Rent the Property

Sarasota Management

SARASOTA MANAGEMENT & LEASING Brokerage Phone: 941-377-8400 License #3103264 Listed on: 05/30/2024

Last Renter's Agent

Sarasota Management

SARASOTA MANAGEMENT & LEASING Brokerage Phone: 941-377-8400 License #3103264 Listed on: 05/30/2024

Condo Details

Home Type

  • Condominium

Year Built

  • Built in 1971

Lot Details

  • 0.35

Parking

  • Assigned Parking

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 600 Sq Ft Home
  • 1-Story Property
  • Open Floorplan

Kitchen

  • Eat-In Kitchen
  • Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Residential Lease
  • Security Deposit $1,395
  • Property Available on 5/30/24
  • The owner pays for grounds care, sewer, trash collection, water
  • 12-Month Minimum Lease Term
  • Available 8/9/24
  • $95 Application Fee
  • 1 to 2-Year Minimum Lease Term
  • Assessor Parcel Number 0101040067

Community Details

Overview

  • No Home Owners Association
  • Sarasota Management & Leasing Association
  • Colonial Terrace Subdivision

Pet Policy

  • 2 Pets Allowed
  • $300 Pet Fee
  • Breed Restrictions

Condo Details

Home Type

Condominium

Year Built

Built in 1971

Lot Details

0.35 Acres

Rental Info

  • Furnished: Unfurnished
  • Lease Amount Frequency: Monthly
  • Pets Allowed: Breed Restrictions, Number Limit, Yes
  • Available Date: 2024-05-30
  • Long Term YN: 1
  • Security Deposit: 1395
  • Pet Fee Non Refundable: 300
  • Additional Applicant Fee: 95
  • Expected Lease Date: 2024-08-09T00:00:00.000
  • Additional Pet Fees: View details here: https://www.sarasotamanagement.com/leasing-process-disclosure/

Listing Details

  • Property Type: Residential Lease
  • Property Sub Type: Condominium
  • Living Area: 600
  • Lot Size Acres: 0.35
  • New Construction: No
  • Year Built: 1971
  • Building Area Total: 600
  • Lease Term: Twelve Months
  • Lot Size Sq Ft: 15376
  • Owner Pays: Grounds Care, Sewer, Trash Collection, Water
  • Status: Leased
  • ResoBuildingAreaSource: Owner
  • Building Area Total Srch Sq M: 55.74
  • Floor Number: 1
  • Minimum Lease: 1-2 Years
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 2.33
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 941-377-8400
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Full Bathrooms: 1
  • Interior Amenities: Eat-in Kitchen, Open Floorplan
  • Appliances Included: Range, Refrigerator
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Living Area Meters: 55.74

Exterior Features

  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: None

Condo/Co-op/Association

  • Community Features: None
  • Association Name: Sarasota Management & Leasing
  • Association: No
  • Senior Community: No
  • Pet Restrictions: 2 Pets Max, Dogs with Breed Restrictions

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00
  • Application Fee: 95

Lot Info

  • Parcel Number: 0101040067

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 17, 2022
Sold by
Colonial 5868 Llc
Bought by
Meridian Colonial Llc
Current Estimated Value
$867,130

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Outstanding Balance
$392,957
Interest Rate
4.48%
Mortgage Type
New Conventional
Estimated Equity
$474,173

Purchase Details

Closed on
Jan 31, 2012
Sold by
Fox Richard K
Bought by
Colonial 5868 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$270,000
Interest Rate
3.97%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 17, 2000
Sold by
Fox Richard K and Fox Carole S
Bought by
Fox Richard K and Fox Carole S

Purchase Details

Closed on
Jul 21, 2000
Sold by
Fox Richard K and Fox Carole S
Bought by
Fox Richard K and Fox Carole S

Purchase Details

Closed on
Sep 30, 1993
Sold by
Nelson Wayne E and Nelson Barbara A
Bought by
Fox Richard F and Fox Carole S
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Meridian Colonial Llc $1,000,000 Icard Merrill Timm Furen & Gin
Colonial 5868 Llc $415,000 Riddell Title & Escrow Llc
Fox Richard K -- --
Fox Richard K -- --
Fox Richard F $235,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meridian Colonial Llc $475,000
Previous Owner Colonial 5868 Llc $270,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/19/2024 07/19/24 Rented $1,395 0.0% --
07/19/2024 07/19/24 Under Contract -- -- --
06/14/2024 06/14/24 Price Changed $1,395 -5.4% $2 / Sq Ft
05/30/2024 05/30/24 For Rent $1,475 -- --
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 $10,629 $649,300 $125,900 $523,400
2024 $10,966 $697,900 $127,200 $570,700
2023 $10,966 $725,500 $124,600 $600,900
2022 $9,852 $729,900 $127,900 $602,000
2021 $8,248 $483,300 $100,700 $382,600
2020 $8,350 $504,300 $87,700 $416,600
2019 $7,359 $427,700 $96,500 $331,200
2018 $7,268 $431,900 $79,700 $352,200
2017 $6,877 $393,400 $73,700 $319,700
2016 $7,509 $465,800 $141,800 $324,000
2015 $7,276 $444,100 $135,000 $309,100
2014 $6,632 $325,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4612364

Stellar MLS

APN: 0101-04-0067

Florida Sarasota County Sarasota 34231

5880 Colonial Dr, 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 Based on information submitted to the MLS GRID. 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

Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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