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Venice 34285 East Gate
1215 Cypress AVENUE
$327,000
● House - Off Market

1215 Cypress AVENUE

VENICE, FL 34285
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,370 Ft²
$326,948
RealtyHop Estimate
-0.62%
Since Oct 1, 2023
National-US
Primary Model

About This Property

Prime Venice location! Conveniently located just 1.5 miles from Historic Downtown Venice and 2.3 miles to Venice Beach. This 3-bedroom 2 bath home features a spacious Florida room overlooking the peaceful outdoor space. Terrazzo flooring is featured in the kitchen and guest bedrooms. No worries here with public water and sewer and the roof was recently replaced in February of 2023.  You will appreciate the added storage the large sheds provide. Hurricane shutters on all windows offer added protection and peace of mind during storm season. Come put your mark on this diamond in the rough. Perfect for both first time homebuyers and snowbirds dreaming of their get-a-way in paradise. Be sure to view the 3-D & AERIAL TOUR!
Unit Size
1,370 Ft²
Days on Market
57 days
Land Size
0.23 acres
Price per sqft
$240
Property Type
House
Property Taxes
$62
HOA Dues
-
Year Built
1956

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #A4578219)

Price History

Date / Event Date Event Price
Sep 29, 2023 Sold
Premium
Sold
Sep 8, 2023 In contract -
In contract
Aug 29, 2023 Relisted $329,000
Relisted
Aug 24, 2023 In contract -
In contract
Aug 2, 2023 Listed by GENEROUS PROPERTY $329,000
Listed by GENEROUS PROPERTY
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Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1996
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 10
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 17
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 3
  • Garage Square Area: 231
  • Parking Space Count: 1
  • Patio Type: 94
  • Porch Type: 77
  • Pool Type: 0
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 10,200
  • Lot Size Frontage Feet: 10
  • Total Building Area: 1,370
  • Gross Building Area: 1,850
  • Building Area: 1,370
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,370
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: EAST GATE UNIT 1
  • Land Acres: 0000000234
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 4 BLK 4 EAST GATE UNIT 1

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T03 T03D
  • Census Tract: 002404

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 38C
  • Account Number: 0410070004
  • Subdivision Tract Number: 1313
  • Parcel: 0410-07-0004
  • Block: 4
  • Lot: 4
  • Meridian: SEC 08 TWN 39S RNG 19E
  • Municipality: CITY OF VENICE
  • Latitude: 27.0986
  • Longitude: -82.4224

    Address

  • Full Address: 1215 Cypress Ave
  • Legal Unit: 1
  • Address - House Number: 1215
  • Address - Street Name: Cypress
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Venice
  • Carrier Code: C038
  • 4-Digit Zip Code: 7904
  • Zip Code: 34285

Valuation

    Tax

  • Total Area: 2,259
  • Tax Year: 2023
  • Tax Amount: $75,786
  • Tax Rate Code Area: 0300

    Appraisal Valuation

  • Standard Deviation: 0.2106
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 71
  • Final Value: 323,765
  • High Value: 391,955
  • Low Value: 255,576

    Market Valuation

  • Market Total Value: $204,700
  • Market Land Value: $90,500
  • Market Improvement Value: $114,200

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $89,659

    Sales

  • Current Sale Contract Date: Sep 28, 2023
  • Current Sale Recording Date: Sep 29, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 149631
  • Previous Sale Recording Date: Apr 16, 1996
  • Previous Sale Contract Date: Apr 12, 1996
  • Previous Sale Amount: $74,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About East Gate

Stats & Trends

Median Asking:

$349,900

Sale Price/ft²

$241

Below Asking

0.02%

Average Days on Market

64

Average Home Size

1419 ft²

Average Home Age

62 years

Currently For Sale

1 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 460 Base Avenue E, FL, 34285

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 811 ft²
460 Base Avenue E #125, FL, 34285 Listing by Andy Moore
Unit for rent at 239 Hammock Terrace, FL, 34293

$3,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,330 ft²
239 Hammock Terrace, FL, 34293 Listing by Nicholas Cuviello

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Troy Sacco
GENEROUS PROPERTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4578219
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 1215 Cypress Avenue built and last sold?
The property at 1215 Cypress Avenue was built in 1956 and last sold on Sep 28, 2023 for $327,000.
How much is this home worth?
The estimated value of the home located at 1215 Cypress Avenue is $351,708.
What are some comparable homes to 1215 Cypress Avenue?
There are currently no comparable homes to 1215 Cypress Avenue.
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