NOT LISTED FOR SALE

725 Wallace St Nokomis, FL 34275

Estimated Value: $174,680

1 Bed
2 Baths
1,560 Sq Ft
$112/Sq Ft Est. Value

Last Sold September 01, 2023

Last sale price $200,000 $128 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $930/month

88 Days on Market

Highlights

  • Open Floorplan
  • Cathedral Ceiling
  • No HOA
  • Laurel Nokomis School Rated A-
  • Great Room
  • 4-minute walk to Laurel Park

About This Home

As of September 2023

Multiple Offers Highest and Best Due 4/19/23 by 10:00 am. Major Price Reduction. Seller wants it SOLD!
A RARE OPPORTUNITY! Under 1600 sq. ft. Church with plenty of parking spaces. Could be easily converted back to Single Family
Currently set up as Open Space
2 Baths plus an Office
Great location. Close to Laurel Park and Nokomis Beach.

Last Agent to Sell the Property

Beverly Perez

FINE PROPERTIES Brokerage Phone: 941-782-0000 License #3080998 Listed on: 01/20/2023

FINE PROPERTIES

Last Buyer's Agent

Dave Beachy

BEACHY PROPERTIES License #0672708

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $142

Year Built

  • Built in 1950

Lot Details

  • 0.25 Acre Lot
  • Lot Dimensions are 108x100
  • South Facing Home
  • Property is zoned RSF3

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,560 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Great Room
  • Home Office
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Utilities

  • Central Heating and Cooling System
  • Well
  • Septic Tank

Community Details

  • No Home Owners Association
  • Lillys Sub Community
  • Lillys Sub Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$142

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1560
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1950
  • Building Area Total: 1560
  • Lot Size Sq Ft: 10800
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Escrow State: FL
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 128.21
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), High Ceilings, Open Floorplan
  • Appliances Included: Other
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 144.93

Exterior Features

  • Direction Faces: South
  • Exterior Features: Other
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Other
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Well

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0383120022
  • Additional Parcels: No
  • Lot Dimensions: 108x100
  • Flood Zone Code: X500

Rental Info

  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 142.47
  • Tax Lot: 5

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2023
Closed on
Sep 1, 2023
Sold by
Mount Zion Missionary Baptist Church Of
Bought by
Neihardt Charles L
Seller's Agent
Beverly Perez
FINE PROPERTIES
Buyer's Agent
Dave Beachy
BEACHY PROPERTIES
List Price
$425,000
Sold Price
$200,000
Premium/Discount to List
-$225,000
-52.94%
Views
72
Current Estimated Value
$174,680

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,320
Avg. Annual Appreciation
-6.07%
Original Mortgage
$150,000
Interest Rate
6.78%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 31, 2015
Sold by
Mt Zion Baptist Church Of Laurel Inc
Bought by
Mount Zion Missionary Baptist Church Of
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
Neihardt Charles L $200,000 None Listed On Document
Mount Zion Missionary Baptist Church Of -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Neihardt Charles L $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/01/2023 09/01/23 Sold $200,000 0.0% $128 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $200,000 -33.1% $128 / Sq Ft
03/31/2023 03/31/23 Price Changed $299,000 -8.0% $192 / Sq Ft
02/20/2023 02/20/23 Price Changed $325,000 -18.7% $208 / Sq Ft
02/02/2023 02/02/23 Price Changed $399,900 -5.9% $256 / Sq Ft
01/20/2023 01/20/23 For Sale $425,000 -- $272 / 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 $128 $157,200 $42,000 $115,200
2023 $128 $147,500 $36,000 $111,500
2022 $149 $133,800 $67,600 $66,200
2021 $142 $111,500 $45,000 $66,500
2020 $130 $103,000 $36,100 $66,900
2019 $133 $90,200 $28,900 $61,300
2018 $0 $80,900 $13,000 $67,900
2017 $129 $79,200 $13,000 $66,200
2016 $127 $72,200 $9,700 $62,500
2015 $133 $72,000 $9,300 $62,700
2014 $136 $77,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4557835

Stellar MLS

APN: 0383-12-0022