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Sarasota 34231 Coral Cove
1805 Caribbean DRIVE
$199,000
● House - Off Market

1805 Caribbean DRIVE

SARASOTA, FL 34231
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,295 Ft²
$440,290
RealtyHop Estimate
120.26%
Since May 1, 2012
National-US
Primary Model

About This Property

Good value West of Trail. Two bedroom home situated on a spacious corner lot offers an open-air pool, fenced yard, wood burning fireplace, indoor utility and additional parking space for RV or boat. Popular Coral Cove subdivision provides a community boat ramp. This is a Fannie Mae HomePath property. Purchase this property for as little as 3% down! This property is  approved for HomePath Mortgage Financing.
Unit Size
1,295 Ft²
Days on Market
-
Land Size
0.24 acres
Price per sqft
$154
Property Type
House
Property Taxes
$198
HOA Dues
$17
Year Built
1963

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #A3956165)

Price History

Date / Event Date Event Price
Aug 27, 2019 Sold
Premium
Sold
May 3, 2012 Sold
Premium
Sold

Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1963
  • Effective Year Built: 1998
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 7
  • 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: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 322
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 10,268
  • Lot Size Depth Feet: 1,140
  • Lot Size Frontage Feet: 960
  • Total Building Area: 1,875
  • Gross Building Area: 1,875
  • Building Area: 1,553
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,553
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORAL COVE UNIT 3
  • Land Acres: 0000000236
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 7 BLK F CORAL COVE UNIT 3

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 002012

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 29-20
  • Account Number: 0110010011
  • Subdivision Tract Number: 1370
  • Parcel: 0110-01-0011
  • Block: F
  • Lot: 7
  • Meridian: SEC 20 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2465
  • Longitude: -82.5153

    Address

  • Full Address: 1805 Caribbean Dr
  • Legal Unit: 3
  • Address - House Number: 1805
  • Address - Street Name: Caribbean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C096
  • 4-Digit Zip Code: 5411
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 2,289
  • Tax Year: 2023
  • Tax Amount: $512,825
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.2588
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 63
  • Final Value: 539,039
  • High Value: 678,559
  • Low Value: 399,518

    Market Valuation

  • Market Total Value: $415,300
  • Market Land Value: $213,600
  • Market Improvement Value: $201,700

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $415,300
  • Assessed Land Value: $213,600
  • Assessed Improvements Value: $201,700

    Sales

  • Current Sale Contract Date: Aug 23, 2019
  • Current Sale Recording Date: Aug 27, 2019
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2019117398
  • Previous Sale Recording Date: May 03, 2012
  • Previous Sale Contract Date: Apr 27, 2012
  • Previous Sale Amount: $199,000
  • Previous Sale Document Type: 68
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 Coral Cove

Stats & Trends

Median Asking:

$1,189,995

Sale Price/ft²

$606

Below Asking

0.09%

Average Days on Market

133

Average Home Size

4207 ft²

Average Home Age

49.2 years

Currently For Sale

5 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 1883 Mova Street, SARASOTA, FL, 34231

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,307 ft²
1883 Mova Street, SARASOTA, FL, 34231 Listing by Beatriz Botero Wenc
Unit for rent at 1774 Mova Street, SARASOTA, FL, 34231

$2,650 /mo

  • 2 Beds
  • 2 Baths
  • 1,089 ft²
1774 Mova Street, SARASOTA, FL, 34231 Listing by Lena Oberwetter
Unit for rent at 2132 Jo An Drive, SARASOTA, FL, 34231

$2,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,100 ft²
2132 Jo An Drive, SARASOTA, FL, 34231 Listing by Jason D'Agostino

Rentals Near You

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STELLAR

Listed by: BILL HOWELL
HOOK & LADDER REALTY INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A3956165
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 1805 Caribbean Drive built and last sold?
The property at 1805 Caribbean Drive was built in 1963 and last sold on Aug 23, 2019 for $315,000.
How much is this home worth?
The estimated value of the home located at 1805 Caribbean Drive is $0.
What are some comparable homes to 1805 Caribbean Drive?
There are currently no comparable homes to 1805 Caribbean Drive.
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