NOT LISTED FOR SALE

701 Locklear Ave Sarasota, FL 34237

Estimated Value: $418,000 - $478,402

3 Beds
2 Baths
1,302 Sq Ft
$349/Sq Ft Est. Value

Last Sold January 18, 2013

Last sale price $97,000 $75 Per Sq Ft

Est. 369% increase in value since last sale

Current estimated payment $2,859/month

16 Days on Market

Highlights

  • Parking available for a boat
  • Oak Trees
  • Open Floorplan
  • Brookside Middle School Rated A-
  • Custom Home
  • Deck

About This Home

As of January 2013

BANK OWNED! This diamond in the rough is a quaint cottage-style residence that can be polished until it shines like new again! The great room floor plan opens to the kitchen and there is a bonus/FL room for additional living space. The recent remodel has provided upgrades that include modern cabinetry in the kitchen as well as granite surfaces including a snack bar. Additional features include ceramic tiled flooring, crown moldings, French doors, vaulted ceilings, recessed lighting and a wood-burning fireplace. Waiting to be revitalized, this home is situated on over a half an acre on a quiet dead-end street. Bring your boat/R.V because there aren't any deed restrictions. It is just on the outskirts of the city, close to nearly every cultural event that Downtown Sarasota has to offer as well as very near area beaches, championship golf, shopping dining and more! Bank of America Prequalification required on all offers. Please allow 2-3 business days for seller response. Cash Transactions are subject to special deed restrictions. Bank of America, N.A. employees, employees' household members and HTS business partners of the Bank are prohibited from purchasing this property, whether directly or indirectly. All offers MUST be submitted with all 3 attachments.

Last Agent to Sell the Property

Candy Swick

CANDY SWICK & COMPANY License #0330355 Listed on: 11/20/2012

Last Buyer's Agent

Dave Beachy

BEACHY PROPERTIES License #0672708

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,467

Year Built

  • Built in 1979

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 240x109
  • Street terminates at a dead end
  • Mature Landscaping
  • Oversized Lot
  • Oak Trees
  • Property is zoned RSF1

Parking

  • 1 Car Attached Garage
  • Driveway
  • Parking available for a boat

Home Design

  • Custom Home
  • Fixer Upper
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,302 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • High Ceiling
  • Wood Burning Fireplace
  • French Doors
  • Great Room
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Sun or Florida Room

Kitchen

  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Carpet
  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Porch

Schools

  • Alta Vista Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • No Cooling
  • No Heating
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Oak Shores Community
  • Oak Shores Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,467

Year Built

Built in 1979

Lot Details

0

Parking

1

Listing Details

  • HOA Fee Includes: None
  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 1302
  • Lot Size Acres: 0.56
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1822
  • Lot Size Sq Ft: 24542
  • Directions to Property: From Fruitville Rd & Tuttle Ave; S on Tuttle Ave, Turn left onto Greenbriar St, Turn right onto S Brink Ave, Take the 1st left onto Wood St, Turn right onto Searcy Ave, Take the 1st left onto Bay St, Turn left onto Locklear Ave
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3969107&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3969107&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 1/2 to less than 1
  • Home Warranty Y N: No
  • Subdivision Num: 0000
  • Ratio: Close Price\List Price: 1.17291
  • Price per Sq Ft: 74.5
  • Close to Original List Price Ratio: 1.17291
  • Ratio: Current Price\Building Area Total: 53.24
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: 20

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Terrazzo
  • Full Bathrooms: 2
  • Interior Amenities: Crown Molding, High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters
  • Appliances Included: Dishwasher
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Street Number Modifier: 701
  • Room Count: 5
  • Additional Rooms: Florida Room, Great Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony, French Doors
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Boat, Driveway
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: None
  • Heating: None
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Association Name: N/A
  • Association: No
  • Association Fee Requirement: None

Schools

  • Elementary School: Alta Vista Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0054010030
  • Additional Parcels: No
  • Lot Features: In County, Oversized Lot
  • Lot Dimensions: 240x109
  • Millage Rate: 13.15
  • Future Land Use: 0100
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Restrictions: County Restrictions Apply
  • Expected Lease Date: 2013-01-18T05:00:00.000Z

Tax Info

  • Tax Annual Amount: 1467

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 15, 2023
Sold by
Allgyer John L and Allgyer Mary
Bought by
Legacy Pine Llc
Current Estimated Value
$454,851

Purchase Details

Closed on
Mar 27, 2017
Sold by
Beiler Marv and Beiler Marvin J
Bought by
Allgyer John L and Allgyer Mary

Purchase Details

Closed on
Nov 6, 2012
Sold by
Miller David
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 13, 2005
Sold by
Cannell Scot and Cannell Amanda
Bought by
Miller David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 23, 2004
Sold by
Adams Duane S and Adams Marilyn J
Bought by
Cannell Scot and Cannell Amanda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
5.87%

Purchase Details

Closed on
Nov 26, 2003
Sold by
Schitea Lawrence R
Bought by
Adams Duane S and Adams Marilyn J

Purchase Details

Closed on
Jan 31, 2003
Sold by
Schitea Sara H
Bought by
Schitea Lawrence R

Purchase Details

Closed on
Oct 4, 1995
Sold by
Rueger Elizabeth M and Putnam Elizabeth M
Bought by
Schitea Lawrence R and Schitea Sara H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$69,000
Interest Rate
7.83%
Source: Public Records

Range of Values:

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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
Legacy Pine Llc $250,000 None Listed On Document
Allgyer John L $185,000 Attorney
The Bank Of New York Mellon $70,001 None Available
Miller David L $265,000 --
Cannell Scot $165,000 --
Adams Duane S $137,500 --
Schitea Lawrence R -- --
Schitea Lawrence R $78,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Beiler Mervin J $100,000
Previous Owner Miller Davil L $274,500
Previous Owner Miller David L $205,000
Previous Owner Cannell Scot $165,000
Previous Owner Schitea Lawrence R $69,000
Closed Miller David L $60,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/18/2013 01/18/13 Sold $97,000 +17.3% $75 / Sq Ft
12/07/2012 12/07/12 Pending -- -- --
11/20/2012 11/20/12 For Sale $82,700 -- $64 / 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 $4,797 $469,100 $311,500 $157,600
2023 $4,797 $421,100 $272,600 $148,500
2022 $4,575 $407,500 $264,300 $143,200
2021 $3,560 $237,200 $125,000 $112,200
2020 $3,333 $214,600 $107,700 $106,900
2019 $3,237 $210,400 $117,000 $93,400
2018 $3,155 $205,500 $104,800 $100,700
2017 $2,924 $167,061 $0 $0
2016 $2,836 $188,400 $91,600 $96,800
2015 $2,528 $150,200 $60,500 $89,700
2014 $2,378 $104,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3969107

Stellar MLS

APN: 0054-01-0030