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South Sarasota 34231 Harbor Oaks
2031 Oak TERRACE
$455,000
● House - Off Market

2031 Oak TERRACE

SARASOTA, FL 34231
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,400 Ft²
$469,824
RealtyHop Estimate
4.64%
Since Nov 1, 2022
National-US
Primary Model

About This Property

Multiple offers.  Please submit highest and best by 6 PM 5/9/2022.  Location, location, location!  This home is simply too cute for words! Full of all of the original charm and well maintained, this is a must see! Whether you're looking for a first home with an in-law apartment, to downsize and have additional rental income, or invest in two rental properties, this is what you've been looking for! The front home offers 2 Bedrooms/1 Bath and a Florida room; the back cottage offers 1 Bedroom/1 Bath.  Close to EVERYTHING, including Trader Joe's which is a few blocks away.  Located in the heart of Sarasota and 5.2 miles to Siesta Key Beach, near shopping, dining,  downtown Sarasota and more! Don't miss this home! Schedule your tour today!
Unit Size
1,400 Ft²
Days on Market
154 days
Land Size
0.23 acres
Price per sqft
$321
Property Type
House
Property Taxes
$164
HOA Dues
-
Year Built
1948

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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 #A4533250)

Price History

Date / Event Date Event Price
Oct 14, 2022 Sold
Premium
Sold
May 6, 2022 Listed by RE/MAX PLATINUM REALTY $449,000
Listed by RE/MAX PLATINUM REALTY
Sep 3, 2003 Sold
Premium
Sold
Nov 2, 2001 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1948
  • Effective Year Built: 2013
  • Building Count: 2
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 6
  • Building Quality: 13
  • Construction Type: 17
  • Building Style: 34
  • Exterior Walls Type: 18
  • Interior Walls Type: 18
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 79
  • Porch Type: 0
  • Pool Type: 0
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 9,864
  • Lot Size Depth Feet: 1,230
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,400
  • Gross Building Area: 1,400
  • Building Area: 1,400
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 5
  • Heating: 6
  • Heated Square Feet: 1,400
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: HARBOR OAKS
  • Land Acres: 0000000226
  • Standard Land Use Code: 1110
  • County Land Use Code: 0810
  • State Land Use Code: 008
  • Legal Description 1: LOT 26 BLK B HARBOR OAKS

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 001804

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 29-5
  • Account Number: 0075040021
  • Subdivision Tract Number: 503
  • Parcel: 0075-04-0021
  • Block: B
  • Lot: 26
  • Meridian: SEC 05 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2904
  • Longitude: -82.5294

    Address

  • Full Address: 2031 Oak Ter
  • Address - House Number: 2031
  • Address - Street Name: Oak
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C050
  • 4-Digit Zip Code: 3419
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 1,200
  • Tax Year: 2023
  • Tax Amount: $489,796
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.4696
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 6
  • Final Value: 240,378
  • High Value: 353,266
  • Low Value: 127,489

    Market Valuation

  • Market Total Value: $343,600
  • Market Land Value: $188,500
  • Market Improvement Value: $155,100

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $343,600
  • Assessed Land Value: $188,500
  • Assessed Improvements Value: $155,100

    Sales

  • Current Sale Contract Date: Oct 07, 2022
  • Current Sale Recording Date: Oct 14, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 161344
  • Previous Sale Recording Date: Sep 03, 2003
  • Previous Sale Contract Date: May 28, 2003
  • Previous Sale Amount: $90,500
  • Previous Sale Document Type: 55
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 Harbor Oaks

Stats & Trends

Median Asking:

$425,000

Sale Price/ft²

$298

Below Asking

0.02%

Average Days on Market

125

Average Home Size

1792 ft²

Average Home Age

72.3 years

Currently For Sale

3 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 2003 Tetlow Place, SARASOTA, FL, 34239

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,224 ft²
2003 Tetlow Place, SARASOTA, FL, 34239 Listing by Katy McBrayer
Unit for rent at 2005 Tetlow Place, SARASOTA, FL, 34239

$3,500 /mo

  • 2 Beds
  • 1 Bath
  • 1,224 ft²
2005 Tetlow Place, SARASOTA, FL, 34239 Listing by Katy McBrayer
Unit for rent at 1740 Landings Boulevard, FL, 34231

$3,500 /mo

  • 2 Beds
  • 2 Baths
  • 1,368 ft²
1740 Landings Boulevard #39, FL, 34231 Listing by Margaret Young

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Midge McCarthy
RE/MAX PLATINUM REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4533250
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 2031 Oak Terrace built and last sold?
The property at 2031 Oak Terrace was built in 1948 and last sold on Oct 7, 2022 for $455,000.
How much is this home worth?
The estimated value of the home located at 2031 Oak Terrace is $456,321.
What are some comparable homes to 2031 Oak Terrace?
There are currently no comparable homes to 2031 Oak Terrace.
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