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2940 Michigan Street

2940 Michigan Street, Sarasota, FL 34237
Property in Glen Ridge
Sold Jun 25, 2010
$89,900
$88,704 by Urban Trust Bank
Mortgage Due Jul 01, 2040
Sold Aug 16, 2005
$240,000
$240,000 by Wachovia Mortgage Corp
Mortgage Due Sep 01, 2035
2940 Michigan Street has been categorized by the local assessors in Sarasota, FL as a residential type of property. The building on the property was first built in 1956 and is 68 years old. However, we must point out that the home was most recently renovated and altered in 2001. The home has a total of 5 rooms. 3 of these rooms are legally considered as bedrooms. Residents will have access to one full bathroom. There is one partial bathroom in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 2940 Michigan Street has 1,314 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 890 ft and across the front of the lot is 500 ft. The area measurement of the land has been determined as 6,590 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a carport for those who require parking. The garage measured 208 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a hip style roof made of asphalt. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of plaster. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Finally, the property is currently sourcing its water from a municipal system. It is connected to a municipal sewage system. Which is great for homeowners who don't want to worry about the responsibilities of handling a septic tank. Though, you may accrue additional fees to have your wastewater disposed. The property was last sold in Jun 23, 2010 for $89,900. That's $68.42 per sqft. Prior to that sales transaction, the property was also sold in Aug 11, 2005 for $240,000. 2940 Michigan Street was last assessed in 2023. The total value of the property was assessed at $72,880. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $744. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 2001
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: D
  • Construction Type: Wood
  • Exterior Walls Type: Alum/Vinyl siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Hip
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 208
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 6,590
  • Lot Size Depth Feet: 890
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,314
  • Gross Building Area: 1,314
  • Building Area: 1,314
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,314
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: GLEN RIDGE ADD
  • Land Acres: 0.151
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12 BLK D ADDN TO GLEN RIDGE

Ownership

  • Current Owner : ALTMANN ANNETTE E
  • Previous Owner : CHRISTOPHER BENJAMIN J
  • Previous Owner 2: IACABBO GINA W
  • Owner Before Previous Owner: MILLER GENE D
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 000406

Zoning

  • Zoning: RSF4

Geography

  • Assessors Map Reference: 13
  • Account Number: 2031130005
  • Subdivision Tract Number: 1232
  • Parcel: 2031-13-0005
  • Block: D
  • Lot: 12
  • Meridian: SEC 21 TWN 36S RNG 18E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3318
  • Longitude: -82.5111

    Address

  • Full Address: 2940 Michigan St
  • Address - House Number: 2940
  • Address - Street Name: Michigan
  • Address - Suffix Type: St
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C013
  • 4-Digit Zip Code: 7342
  • Zip Code: 34237

Valuation

    Tax

  • Total Area: 1,752
  • Tax Year: 2023
  • Tax Amount: $744
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.1887
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 75
  • Final Value: 351,183
  • High Value: 417,464
  • Low Value: 284,901

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $113,704
  • First Open Lien Mortgage Lender: URBAN TRUST BANK
  • First Open Lien Mortgage Recording Date: Jun 25, 2010
  • First Open Lien Mortgage Loan Amount: $88,704
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: Jul 01, 2040
  • Second Open Lien Mortgage Lender: BRANCH BANKING AND TRUST CO
  • Second Open Lien Mortgage Recording Date: Nov 08, 2016
  • Second Open Lien Mortgage Loan Amount: $25,000
  • Second Open Lien Mortgage Term: 297
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Unknown (DEFAULT)
  • Second Open Lien Mortgage Loan Due Date: Sep 30, 2041

    Market Valuation

  • Market Total Value: $250,100
  • Market Land Value: $117,300
  • Market Improvement Value: $132,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $72,880

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jun 23, 2010
  • Current Sale Recording Date: Jun 25, 2010
  • Current Sale Transaction ID: 1167164658
  • Current Sale Price: $89,900
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2010078159
  • Previous Sale Recording Date: Aug 16, 2005
  • Previous Sale Contract Date: Aug 11, 2005
  • Previous Sale Amount: $240,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: URBAN TRUST BANK
  • First Mortgage Transaction Date: Jun 25, 2010
  • First Mortgage Loan Amount: $88,704
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Jul 01, 2040

    Previous Mortgages

  • Previous Mortgage Lender: WACHOVIA MORTGAGE CORP
  • Previous Mortgage Transaction Date: Aug 16, 2005
  • Previous Mortgage Loan Amount: $240,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Fannie Mae/Freddie Mac (Phased out because Fannie Mae does not originate loans directly to borrowers or investors. Most "new conventional" loans meet their general underwriting guidelines.)
  • Previous Mortgage Loan Due Date: Sep 01, 2035

About Glen Ridge



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Frequently Asked Questions

What neighborhood is 2940 Michigan Street located in?
The 2940 Michigan Street is a located in the neighborhood of Glen Ridge in Glen Ridge, Sarasota.
What is the average sales price for listings in 2940 Michigan Street?
The average sales price for units in 2940 Michigan Street is $0 currently.

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