NOT LISTED FOR SALE

Estimated Value: $4,008,000 - $9,557,965

0.51 Acre
$15,543,120 Price per Acre
22,216 Sq Ft Lot

Last Sold October 17, 2018

Last sale price $1,835,000 $789 Per Sq Ft

Est. 332% increase in value since last sale

Current estimated payment $51,145/month

Highlights

  • 195 Feet of Waterfront
  • Sailboat Water Access
  • No HOA
  • Southside Elementary School Rated A
  • 0.51 Acre Lot
  • Oversized Lot

About This Lot

As of October 2018

INCREDIBLE WATERFRONT LOT IN CHEROKEE PARK! - At the end of a quiet cul-de-sac sits this rarely available private waterfront paradise. Located in one of Sarasota's most sought after neighborhoods, Cherokee Park! Approximately 22,000 square foot parcel, with just over 230 feet of seawall provides an exceptional opportunity for design and construction of your one-of-a-kind dream home. Exceptional boating waters with stunning sunset views! Perfect location, minutes to Southside Village, Siesta Key beaches and downtown Sarasota. Truly an amazing property!

Last Agent to Sell the Property

Stellar Non-Member Agent

Stellar Non-Member Office Listed on: 10/17/2018

Stellar Non-Member Office

Last Buyer's Agent

Karen Greco

GRECO REAL ESTATE License #0405884

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,563

Lot Details

  • 0.51 Acre Lot
  • 195 Feet of Waterfront
  • Property fronts a saltwater canal
  • West Facing Home
  • Oversized Lot
  • Property is zoned RSF1

Utilities

  • Cable TV Available

Listing and Financial Details

  • Tax Lot 7
  • Assessor Parcel Number 2039030022

Community Details

Overview

  • No Home Owners Association
  • Cherokee Lodge Community
  • Cherokee Lodge Subdivision

Recreation

  • Sailboat Water Access
  • Seawall

Property Details

Property Type

Land

Est. Annual Taxes

$6,563

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.51
  • Lot Size Sq Ft: 22200
  • Directions to Property: US 41 to Webber, left on S. Osprey, Rt. on Cherokee Dr., Rt. on Cherokee Terrace, Lt. on N. Lodge to the end.
  • Status: Sold
  • Street Direction: N
  • Total Acreage: 1/2 to less than 1
  • Call Center Phone Number: 941-388-2021
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 82.66
  • Close to Original List Price Ratio: 1
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet
  • Street Number Modifier: 1600

Exterior Features

  • Direction Faces: West
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Water Extras: Sailboat Water, Seawall - Concrete
  • Water View Y N: No
  • Front Footage: 195
  • Water Access Y N: No
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0141F
  • Waterfront Frontage: 195
  • Additional Water Information: Private Canal owned by 17 residents.
  • Water Frontage Feet Canal Salt: 195

Garage/Parking

  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Available
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: No
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee Frequency: Annually
  • Association: No
  • Association Fee Requirement: Optional

Lot Info

  • Zoning: RSF1
  • Parcel Number: 2039030022
  • Additional Parcels: No
  • Current Use: Residential
  • Lot Features: Oversized Lot
  • Lot Dimensions: 00x00
  • Millage Rate: 16.38
  • Price Per Acre: 3598039
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • For Lease Y N: No

Tax Info

  • Tax Annual Amount: 6563
  • Tax Book Number: 17-49
  • Tax Lot: 7

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 17, 2021
Sold by
Dslerner Llc
Bought by
Schneider Paul and Schneider Justine
Current Estimated Value
$7,926,991

Purchase Details

Closed on
Mar 20, 2019
Sold by
Lerner Donald and Lerner Sharon
Bought by
Dslerner Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$925,000
Interest Rate
4.4%
Mortgage Type
Commercial

Purchase Details

Listed on
Oct 17, 2018
Closed on
Oct 17, 2018
Sold by
Wittmer Steven T and Wittmer Meg A
Bought by
Lerner Donald and Lerner Sharon
Seller's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
Buyer's Agent
Karen Greco
GRECO REAL ESTATE
List Price
$1,835,000
Sold Price
$1,835,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.44%

Purchase Details

Listed on
Nov 15, 2017
Closed on
Mar 16, 2018
Sold by
Costro Jose Miguel Fernandez De and Costro Jamie B Fernandez De
Bought by
Wittmer Steven T and Wittmer Meg A
Seller's Agent
Patrick Dipinto, III
COLDWELL BANKER REALTY
Buyer's Agent
Karen Greco
GRECO REAL ESTATE
List Price
$1,750,000
Sold Price
$1,633,000
Premium/Discount to List
-$117,000
-6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.27%

Purchase Details

Closed on
Jan 7, 2017
Sold by
Harmon William M
Bought by
Castro Miguel Fernandez and Fernandez De Castro Jamie B

Purchase Details

Closed on
Nov 17, 2016
Sold by
Whittington Elizabeth and Harmon Elizabeth
Bought by
Harmon William M

Purchase Details

Closed on
Nov 1, 2016
Bought by
Decastro Jose Miguel Fernande

Purchase Details

Closed on
Jul 14, 2000
Sold by
Harmon William M and Harmon Elizabeth
Bought by
Harmon William M and Harmon Elizabeth
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
Schneider Paul $8,500,000 Attorney
Dslerner Llc -- Attorney
Lerner Donald $1,835,000 Attorney
Wittmer Steven T $1,633,000 Attorney
Castro Miguel Fernandez $1,550,000 Attorney
Harmon William M -- None Available
Decastro Jose Miguel Fernande $100 --
Harmon William M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schneider Paul $4,250,000
Previous Owner Dslerner Llc $925,000
Previous Owner Dslerner Llc $1,575,000
Previous Owner Harmon William M $200,000
Previous Owner Harmon Elizabeth $130,000
Previous Owner Harmon William M $80,000
Previous Owner Harmon William M $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2018 10/17/18 Sold $1,835,000 0.0% $789 / Sq Ft
10/17/2018 10/17/18 Pending -- -- --
10/17/2018 10/17/18 For Sale $1,835,000 +12.4% $789 / Sq Ft
03/21/2018 03/21/18 Sold $1,633,000 -6.7% $702 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
11/15/2017 11/15/17 For Sale $1,750,000 -- $752 / 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 $106,935 $7,439,999 -- --
2023 $106,935 $7,223,300 $3,589,200 $3,634,100
2022 $96,314 $6,409,400 $3,195,500 $3,213,900
2021 $25,430 $1,658,100 $1,621,300 $36,800
2020 $23,488 $1,468,800 $1,431,900 $36,900
2019 $22,507 $1,410,300 $1,375,100 $35,200
2018 $20,323 $1,268,800 $1,254,100 $14,700
2017 $6,564 $424,002 $0 $0
2016 $6,550 $1,371,000 $1,212,900 $158,100
2015 $6,646 $1,178,100 $1,029,800 $148,300
2014 $6,637 $403,075 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: A4416411

Stellar MLS

APN: 2039-03-0022