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Gulf Gate Estates 34231 Gulf Gate
3111 Gulf Gate DRIVE
$343,000
● House - Off Market

3111 Gulf Gate DRIVE

SARASOTA, FL 34231
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,585 Ft²
$426,300
RealtyHop Estimate
1.74%
Since May 1, 2023
National-US
Primary Model

About This Property

This quaint Gulf Gate Gem is a wonderful find for your first time homebuyer, investor or second home. The home boasts a spacious 2 bedroom 2 bath with a large living and enclosed lanai area. The galley kitchen is large and spacious for entertaining and cooking. The home has a 1 car carport with a lots of room for storage. Gulf Gate provides several shopping and dining experiences along with being only minutes to the #1 beach in the world. Don't Wait!!!
Unit Size
1,585 Ft²
Days on Market
193 days
Land Size
0.20 acres
Price per sqft
$264
Property Type
House
Property Taxes
$262
HOA Dues
-
Year Built
1967

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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 #A4550016)

Price History

Date / Event Date Event Price
Nov 6, 2023 Sold
Premium
Sold
Oct 10, 2023 In contract -
In contract
Oct 3, 2023 Price Decreased $520,000
↓ $19K (3.5%)
Price Decreased
Aug 26, 2023 Relisted $538,900
Relisted
Aug 21, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 2002
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: 0
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 7
  • 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: 247
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 8,800
  • Total Building Area: 1,585
  • Gross Building Area: 1,741
  • Building Area: 1,585
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,585
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GULF GATE UNIT 11
  • Land Acres: 0000000202
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 3 BLK 49 GULF GATE UNIT 11

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L020 A055 F052
  • Census Tract: 002003

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 29-21
  • Account Number: 0111020024
  • Subdivision Tract Number: 1703
  • Parcel: 0111-02-0024
  • Block: 49
  • Lot: 3
  • Meridian: SEC 21 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2544
  • Longitude: -82.5023

    Address

  • Full Address: 3111 Gulf Gate Dr
  • Legal Unit: 11
  • Address - House Number: 3111
  • Address - Street Name: Gulf Gate
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C054
  • 4-Digit Zip Code: 2403
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 2,391
  • Tax Year: 2023
  • Tax Amount: $428,504
  • Tax Rate Code Area: 2000

    Appraisal Valuation

  • Standard Deviation: 0.082
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 93
  • Final Value: 514,501
  • High Value: 556,704
  • Low Value: 472,298

    Market Valuation

  • Market Total Value: $349,700
  • Market Land Value: $138,400
  • Market Improvement Value: $211,300

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $349,700
  • Assessed Land Value: $138,400
  • Assessed Improvements Value: $211,300

    Sales

  • Current Sale Contract Date: Nov 02, 2023
  • Current Sale Recording Date: Nov 06, 2023
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 166980
  • Previous Sale Recording Date: May 08, 2023
  • Previous Sale Contract Date: Apr 28, 2023
  • Previous Sale Amount: $343,000
  • 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 Gulf Gate

Stats & Trends

Median Asking:

$459,000

Sale Price/ft²

$305

Below Asking

0.02%

Average Days on Market

53

Average Home Size

1519 ft²

Average Home Age

59.5 years

Currently For Sale

10 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 2310 Canalbluff Place, SARASOTA, FL, 34231

$2,300 /mo

  • 2 Beds
  • 2 Baths
  • 1,480 ft²
2310 Canalbluff Place #V287, SARASOTA, FL, 34231 Listing by Robin Turner
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

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Gabe Gadah
CHARLES RUTENBERG REALTY INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4550016
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 3111 Gulf Gate Drive built and last sold?
The property at 3111 Gulf Gate Drive was built in 1967 and last sold on Nov 2, 2023 for $495,000.
How much is this home worth?
The estimated value of the home located at 3111 Gulf Gate Drive is $0.
What are some comparable homes to 3111 Gulf Gate Drive?
There are currently no comparable homes to 3111 Gulf Gate Drive.
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