by RH Advisors

See Home Value
$439,000
House - Off Market

1011 Virginia DRIVE

SARASOTA, FL 34234
bedrooms
2 Beds
bathrooms
1 Bath
square feet
1118 Sqft
$2,484
Estimated Monthly
5.44%
Cap Rate

About This Property

Adorable West of the Trail Indian Beach Sapphire Shores bohemian bungalow with gourmet kitchen, 3000 Watt solar grid-tied power generation panels, & extensive upgrades including whole house UPDATED PLUMBING!  Walk 2 blocks west to the bay & sit on a bench to enjoy the sunset while the house is located in the X flood zone that does NOT require flood insurance.  2020 roof & 2017 A/C.  Free your inner chef with the Viking 36" 6-burner natural gas range with matching variable-speed exhaust range hood, Sub Zero counter-depth refrigerator, Bosch zero-sound dishwasher, under-cabinet wine refrigerator, custom stainless steel countertops, under-sink water filter, lazy Susan storage in cabinet corners, & real wood, dovetail construction, soft-close cabinets.  Kitchen has a tubular skylight as well as dimmable LED ceiling can lights, dimmable under-cabinet lighting, & is pre-wired for dimmable above-cabinet lighting.  The adjoining pantry / laundry room is wired for a stackable washer / dryer combo unit, is pre-plumbed for optional natural gas clothes dryer, & has overhead LED lighting & utility sink.  Save energy & enjoy instant hot water with the efficient natural gas on-demand hot water heater.  Grow your own vegetables in the raised beds that are irrigated, along with the entire yard, with water from the 200 foot deep on-site well with submerged pump while the house is on city water.  Large Miami-Dade rated shed / outbuilding has AC electrical sub-panel and air compressor connection with air line running out to carport.  Ringling College & Bay Haven elementary school are each only one block away.  Relax & feel safe knowing that all windows & doors have alarm contacts so all you have to do is sign up for security monitoring.  Media room / den is wired in the walls for uncluttered surround sound entertainment.  House comes with Miami- Dade 140 mph-rated storm shutters for all openings except the carport door (for access).  Virtually walk through the house by clicking the Virtual 3D Tour link!
Unit Size
1,118Ft²
Days on Market
146 days
Land Size
0.18 acres
Price per sqft
$434
Property Type
House
Property Taxes
$102
HOA Dues
-
Year Built
1955
Last updated: 3 months ago (Stellar MLS #A4589947)

Price History

Date / Event Date Event Price
Apr 12, 2024 Sold $439,000
Sold
Mar 23, 2024 In contract -
In contract
Mar 17, 2024 Price Decreased $485,000
↓ $25K (4.9%)
Price Decreased
Feb 18, 2024 Price Decreased $510,000
↓ $40K (7.3%)
Price Decreased
Jan 21, 2024 Price Decreased $550,000
↓ $25K (4.4%)
Price Decreased
Show More

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1955
  • Effective Year Built: 2005
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Paneling
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Ceramic
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 253
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,876
  • Lot Size Depth Feet: 1,380
  • Lot Size Frontage Feet: 550
  • Total Building Area: 1,118
  • Gross Building Area: 1,118
  • Building Area: 1,118
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,118
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: BAY HAVEN
  • Land Acres: 0.181
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 230 BAY HAVEN

Ownership

  • Current Owner : OCONNOR KENNETH A
  • Current Owner 2: OCONNOR JENNIFER K
  • Previous Owner : MARTIN RIHARD D
  • Previous Owner 2: MARTIN MARGARET F
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 000900

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 3
  • Account Number: 2005160017
  • Subdivision Tract Number: 397
  • Parcel: 2005-16-0017
  • Lot: 230
  • Meridian: SEC 12 TWN 36S RNG 17E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3609
  • Longitude: -82.5507

    Address

  • Full Address: 1011 Virginia Dr
  • Address - House Number: 1011
  • Address - Street Name: Virginia
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C029
  • 4-Digit Zip Code: 7340
  • Zip Code: 34234

Valuation

    Tax

  • Total Area: 1,568
  • Tax Year: 2023
  • Tax Amount: $1,304
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.082
  • Valuation Date: Jan 17, 2024
  • Confidence Score: 93
  • Final Value: 565,343
  • High Value: 611,717
  • Low Value: 518,970

    Open Liens

  • Total Open Liens: 3
  • First Open Lien Mortgage Lender: SUNTRUST BANK
  • First Open Lien Mortgage Recording Date: May 24, 2016
  • First Open Lien Mortgage Loan Amount: $75,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: May 24, 2046
  • Second Open Lien Mortgage Recording Date: May 24, 2016
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Due Date: May 24, 2046
  • Third Open Lien Mortgage Lender: SUNTRUST BANK
  • Third Open Lien Mortgage Recording Date: May 24, 2016
  • Third Open Lien Mortgage Financing Type: Variable
  • Third Open Lien Mortgage Loan Amount: $75,000
  • Third Open Lien Mortgage Term: 360
  • Third Open Lien Mortgage Position: 3
  • Third Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Third Open Lien Mortgage Loan Due Date: May 24, 2046

    Market Valuation

  • Market Total Value: $414,100
  • Market Land Value: $221,100
  • Market Improvement Value: $193,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $109,167

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 30, 1997
  • Current Sale Recording Date: Jul 03, 1997
  • Current Sale Transaction ID: 1167110304
  • Current Sale Price: $74,000
  • Current Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: SUNTRUST BK GULF COAST
  • First Mortgage Transaction Date: Jul 03, 1997
  • First Mortgage Loan Amount: $73,746
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
2 Beds
2 Baths
1,032 ft²
$504/ft²
$520,000 Apr 21, 2023
$520,000 May 22, 2023
$315/mo
House
2 Beds
2 Baths
1,289 ft²
$400/ft²
$515,000 Dec 14, 2023
$515,000 Jan 30, 2024
$461/mo
House
2 Beds
2 Baths
1,476 ft²
$346/ft²
$510,000 Apr 3, 2023
$510,000 May 31, 2023
$133/mo
House
3 Beds
2 Baths
1,367 ft²
$415/ft²
$567,000 Nov 28, 2022
$567,000 Apr 3, 2023
$384/mo
House
2 Beds
1 Bath
1,164 ft²
$292/ft²
$340,000 Sep 4, 2023
$340,000 Mar 27, 2024
$306/mo
House
2 Beds
1 Bath
864 ft²
$525/ft²
$454,000 Aug 5, 2023
$454,000 Oct 13, 2023
$218/mo
House
2 Beds
2 Baths
1,138 ft²
$395/ft²
$450,000 Feb 21, 2024
-
$216/mo
House
2 Beds
2 Baths
1,260 ft²
$381/ft²
$479,999 Dec 2, 2023
-
$448/mo
Condo
2 Beds
2 Baths
1,084 ft²
$452/ft²
$490,000 Dec 15, 2023
-
$338/mo
Condo
2 Beds
2 Baths
1,122 ft²
$356/ft²
$399,900 Oct 27, 2023
-
$206/mo
House
2 Beds
2 Baths
1,595 ft²
$313/ft²
$499,000 Apr 15, 2024
-
$56/mo
House
2 Beds
3 Baths
1,436 ft²
$402/ft²
$577,900 Apr 9, 2024
-
$110/mo

About Indian Beach-Sapphire Shores


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Frequently Asked Questions

When was property at 1011 Virginia Drive built and last sold?
The property at 1011 Virginia Drive was built in 1955 and last sold on Jun 30, 1997 for $74,000.
How much is this home worth?
The estimated value of the home located at 1011 Virginia Drive is $494,647.
What are some comparable homes to 1011 Virginia Drive?
Homes that are comparable to 1011 Virginia Drive include a house property at 944 Highland Street, a condo property at 1064 North Tamiami Trail, 1268 11th Street.

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