NOT LISTED FOR SALE

Estimated Value: $268,000 - $324,000

1 Bed
3 Baths
3,537 Sq Ft
$84/Sq Ft Est. Value

Last Sold July 15, 2021

Last sale price $580,000 $164 Per Sq Ft

Est. 49% decrease in value since last sale

Current estimated payment $1,795/month

13 Days on Market

Highlights

  • 0.52 Acre Lot
  • No HOA
  • Laundry closet
  • Sarasota High School Rated A-
  • Rear Porch
  • Ceramic Tile Flooring

About This Home

As of July 2021

CASH COW FULLY RENTED including 3 Storage garages!!!!Two separate buildings on One lot 0.52 acre.
Front building has Three- 2 bed/ 1 bath units and One - 3 bed./ 2 bath unit. 2nd building at the back is gated, it has Two- 2 car garages and a large car garage rented as storages for the units.

Last Agent to Sell the Property

Mohammed Baker

CENTURY 21 RE CHAMPIONS License #3320661 Listed on: 05/11/2021

CENTURY 21 RE CHAMPIONS

Last Buyer's Agent

Bruce Rush

RE/MAX ALLIANCE GROUP License #3401881

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,251

Year Built

  • Built in 1987

Lot Details

  • 0.52 Acre Lot
  • Level Lot

Parking

  • 5 Car Garage
  • Workshop in Garage
  • Driveway
  • Open Parking

Home Design

  • 3,537 Sq Ft Home
  • Quadruplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Flooring

  • Carpet
  • Ceramic Tile

Outdoor Features

  • Outdoor Storage
  • Rear Porch

Utilities

  • Zoned Heating and Cooling
  • Septic Tank
  • Cable TV Available

Additional Features

  • Laundry closet
  • City Lot

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Lorraine Park Community
  • Lorraine Park Subdivision

Building Details

  • Gross Income $61,200

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,251

Year Built

Built in 1987

Lot Details

0.52 Acres

Parking

5

Listing Details

  • Property Type: Residential Income
  • Property Condition: Completed
  • Property Sub Type: Quadruplex
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 3537
  • Lot Size Acres: 0.52
  • New Construction: No
  • Year Built: 1987
  • Lot Size Sq Ft: 22800
  • Tenant Pays: Electricity
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8122791?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/U8122791?w=Customer
  • Unit Count: 2
  • Total Acreage: 1/2 to less than 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96667
  • Price per Sq Ft: 163.98
  • Close to Original List Price Ratio: 0.96667
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Foundation Details: Slab
  • Number Of Buildings: 2

Exterior Features

  • Other Structures: Storage
  • Exterior Features: Sidewalk, Storage
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Rear Porch
  • Road Surface Type: Paved, Asphalt, Concrete
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 5
  • Garage Yn: Yes
  • Parking Features: Driveway, Open, Other, Oversized, Workshop in Garage
  • Covered Parking Spaces: 5
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Cable Connected, Public
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Laundry Features: Laundry Closet
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0043150026
  • Additional Parcels: No
  • Lot Features: City Lot, Level, Sidewalk
  • Flood Zone Code: AE

Rental Info

  • Total Actual Rent: 5100
  • Lease Restrictions Y N: No

Multi Family

  • Gross Income: 61200
  • Number Of Units Total: 4

Tax Info

  • Tax Annual Amount: 5251.42
  • Tax Block: I
  • Tax Book Number: 5-26
  • Tax Lot: 3

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $580,000 -3.3% $164 / Sq Ft
05/24/2021 05/24/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $600,000 -- $170 / 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 $3,045 $130,155 -- --
2024 $2,885 $118,323 -- --
2023 $2,885 $194,600 $76,000 $118,600
2022 $2,937 $215,700 $80,800 $134,900
2021 $2,547 $157,800 $64,200 $93,600
2020 $2,243 $122,800 $36,300 $86,500
2019 $2,131 $127,400 $24,400 $103,000
2018 $1,887 $108,600 $20,800 $87,800
2017 $1,750 $60,717 $0 $0
2016 $1,597 $83,800 $15,700 $68,100
2015 $1,517 $72,500 $14,000 $58,500
2014 $1,374 $41,470 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: U8122791

Stellar MLS

APN: 0043-02-0012

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