NOT LISTED FOR SALE

6151 Midnight Pass Rd Sarasota, FL 34242

Estimated Value: $1,234,000 - $1,730,000

3 Beds
3 Baths
5,566 Sq Ft
$277/Sq Ft Est. Value

Sale Details

Date Sold: April 10, 2020

Last sale price $933,333 $168 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $8,992 / mo

137 Days on Market

Highlights

  • 38 Feet of Waterfront
  • Dock made with wood
  • Canal View
  • Phillippi Shores Elementary School Rated A
  • In Ground Pool
  • Living Room with Fireplace

About This Home

As of April 2020

Gorgeous waterfront multi-family property on Siesta Key. Three one bed, one bath units all elevated with private carports underneath. Each unit has it's own kitchen, living room and deck. The backyard holds a massive swimming pool that features a tanning area/child's area. The home also comes with a dock right on the canal. This water is perfect for kayaking and boating. The property is just down the street from the world-famous Siesta Key Beach. This is a proven rental income-producing property with projected rental income of 120,000+. All of the doors and windows are impact resistant which saves on insurance and utilities. This is an investors dream property because it is set up and ready to make you money. The upgrades and updating have already been done! Trolly/Bus stop in front of property helps guests get to the beach and village without worrying about parking or traffic. There is open access to the intercostal.

Last Agent to Sell the Property

Curtis Ware

KW COASTAL LIVING III License #3275023 Listed on: 10/14/2019

KW COASTAL LIVING III

Last Buyer's Agent

Lisa Warren

OWN SRQ LLC License #3079333

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $9,815

Year Built

  • Built in 1977

Lot Details

  • 9,387 Sq Ft Lot
  • Lot Dimensions are 80x120.90x65x37
  • 38 Feet of Waterfront
  • Property fronts a saltwater canal

Parking

  • 4 Carport Spaces

Home Design

  • Triplex
  • Slab Foundation
  • Shingle Roof
  • Concrete Siding

Interior Spaces

  • 5,566 Sq Ft Home
  • Living Room with Fireplace
  • Canal Views

Outdoor Features

  • In Ground Pool
  • Access to Saltwater Canal
  • Dock made with wood
  • Outdoor Storage

Utilities

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

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 3 Units
  • Secluded Harbour Community
  • Secluded Harbour 02 Subdivision

Pet Policy

  • 2 Pets Allowed
  • Small pets allowed

Building Details

  • Gross Income $120,000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,815

Year Built

Built in 1977

Lot Details

9,387 Sq Ft Lot

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Triplex
  • Construction Materials: Concrete
  • Fireplace: Yes
  • Living Area: 5566
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 1977
  • Lot Size Sq Ft: 9387
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4448731?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4448731?w=Customer
  • Unit Count: 1
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.77843
  • Price per Sq Ft: 167.68
  • Close to Original List Price Ratio: 0.74726
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room
  • Living Area Units: Square Feet
  • Foundation Details: Slab
  • Number Of Buildings: 2
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Storage
  • Pool Features: In Ground
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water Extras: Dock - Wood
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0143F
  • Waterfront Frontage: 38
  • Water Frontage Feet Canal Salt: 38
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 4
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No

Lot Info

  • Zoning: RMF2
  • Parcel Number: 010606009
  • Additional Parcels: No
  • Lot Dimensions: 80x120.90x65x37
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)

Multi Family

  • Gross Income: 120000
  • Number Of Units Total: 3
  • Waterfront Features: Canal - Saltwater

Tax Info

  • Tax Annual Amount: 9815
  • Tax Book Number: 17-47
  • Tax Lot: 9

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2019
Closed on
Apr 10, 2020
Sold by
V S Reese Properties Llc
Bought by
Warren Wallace Lisa Jayne
Seller's Agent
Curtis Ware
KW COASTAL LIVING III
Buyer's Agent
Lisa Warren
OWN SRQ LLC
List Price
$1,199,000
Sold Price
$933,333
Premium/Discount to List
-$265,667
-22.16%
Current Estimated Value
$1,420,349

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$487,016
Avg. Annual Appreciation
8.71%
Original Mortgage
$699,999
Outstanding Balance
$613,596
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$925,533

Purchase Details

Closed on
Jan 5, 2009
Sold by
Reese Wayne M and Reese Victoria Salvino
Bought by
V S Reese Properties Llc

Purchase Details

Closed on
Dec 27, 2007
Sold by
Reese Wayne M and Reese Victoria Salvino
Bought by
V S Properties Llc

Purchase Details

Closed on
Jan 7, 2004
Sold by
Baker James J and Baker Mary M
Bought by
Reese Wayne M and Reese Victoria Salvino

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$680,000
Interest Rate
6.03%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Warren Wallace Lisa Jayne $933,333 Attorney
V S Reese Properties Llc -- Attorney
V S Properties Llc $300,000 Attorney
Reese Wayne M $850,000 --
Reese Wayne M $850,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren Wallace Lisa Jayne $699,999
Previous Owner Reese Wayne M $680,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/10/2020 04/10/20 Sold $933,333 -22.2% $168 / Sq Ft
02/28/2020 02/28/20 Pending -- -- --
02/12/2020 02/12/20 For Sale $1,199,000 0.0% $215 / Sq Ft
01/22/2020 01/22/20 Pending -- -- --
01/02/2020 01/02/20 For Sale $1,199,000 +28.5% $215 / Sq Ft
01/01/2020 01/01/20 Off Market $933,333 -- --
10/24/2019 10/24/19 Price Changed $1,199,000 -4.0% $215 / Sq Ft
10/14/2019 10/14/19 For Sale $1,249,000 -- $224 / 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 $16,923 $1,271,900 $803,300 $468,600
2024 $16,036 $1,209,879 -- --
2023 $16,036 $1,423,400 $802,900 $620,500
2022 $13,914 $1,155,200 $676,800 $478,400
2021 $12,196 $909,000 $527,200 $381,800
2020 $10,033 $719,400 $403,500 $315,900
2019 $10,558 $774,800 $461,700 $313,100
2018 $9,815 $731,700 $410,100 $321,600
2017 $10,056 $633,798 $0 $0
2016 $10,091 $807,000 $519,300 $287,700
2015 $7,882 $523,800 $234,100 $289,700
2014 $7,495 $415,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Curtis Ware

    Seller's Agent in 2020

    Curtis Ware

    KW COASTAL LIVING III

    (941) 587-9122

    62 in this area

    149 Total Sales

    Curtis Ware
    Section Image
  • Lisa Warren

    Buyer's Agent in 2020

    Lisa Warren

    OWN SRQ LLC

    (941) 400-4084

    3 in this area

    31 Total Sales

    Lisa Warren
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4448731

Stellar MLS

APN: 0106-06-0009

Florida Sarasota County Sarasota 34242

6151 Midnight Pass Rd, Sarasota, FL

Not Listed for Sale

MultiFamily

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.
Based on information submitted to the MLS GRID

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

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