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5331 Olive Avenue

5331 Olive Avenue, Sarasota, FL 34231
Property in Sun Haven North
Sold Dec 09, 2021
$375,000
$281,250 by Movement Mortgage
Mortgage Due Jan 01, 2052
Sold Jan 19, 2011
$81,900
$57,330 by Northern Trust Na
Mortgage Due Feb 01, 2016
5331 Olive Avenue in Sarasota, FL was first built in 1967 and is 57 years old. Although, the building on the property was most recently renovated and altered in 2007. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a duplex style. It is a single story home. There are a total of 7 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 5331 Olive Avenue has 1,311 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 800 ft and the linear feet between the front and back of the lot is 1,070. In total, the area measurement of the land is 8,560 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a gable style roof made of metal. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a carport. The garage is 216 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of concrete block. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with no air conditioning. As for heating, the home is utilizing no heating system. The property was last sold in Dec 7, 2021 for $375,000. That's $286.04 per sqft. Prior to that sales transaction, the property was also sold in Jan 11, 2011 for $81,900. 5331 Olive Avenue was last assessed in 2023. The total value of the property was assessed at $323,100. Specifically, the land the property is located on was valued at $132,200. While improvements on the property were assessed at a total of $190,900. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $4,742. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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.

Building Features

Exterior

Block Exterior

Parking

Carport
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1967
  • Effective Year Built: 2007
  • Building Count: 1
  • Total Rooms: 7
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Masonry
  • Building Style: Duplex
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable
  • Roof Cover Type: Metal
  • Floor Count: 1
  • Living Units: 2
  • Floor Cover: Terrazzo
  • Basement Area: 0
  • Garage Type: Carport
  • Garage Square Area: 216
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 8,560
  • Lot Size Depth Feet: 1,070
  • Lot Size Frontage Feet: 800
  • Total Building Area: 1,311
  • Gross Building Area: 1,443
  • Building Area: 1,311
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: No air conditioning
  • Heating: None
  • Heated Square Feet: 1,311
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: SUN HAVEN UNIT 5
  • Land Acres: 0.197
  • Standard Land Use Code: Duplex (2 units, any combination)
  • Legal Description 1: LOT 10 SUN HAVEN UNIT 5

Ownership

  • Current Owner : BORELLI JOSEPH D
  • Current Owner 2: BORELLI STACEY
  • Previous Owner : CHAMBERS RENTALS LLC
  • Owner Before Previous Owner: HIRZEL KEVIN M
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 001703

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 29-9
  • Account Number: 0088030012
  • Subdivision Tract Number: 1608
  • Parcel: 0088-03-0012
  • Lot: 10
  • Meridian: SEC 09 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2756
  • Longitude: -82.5065

    Address

  • Full Address: 5331 Olive Ave
  • Legal Unit: 5
  • Address - House Number: 5331
  • Address - Street Name: Olive
  • Address - Suffix Type: Ave
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C076
  • 4-Digit Zip Code: 2511
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 2,096
  • Tax Year: 2023
  • Tax Amount: $4,742
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1607
  • Valuation Date: Apr 03, 2024
  • Confidence Score: 79
  • Final Value: 445,467
  • High Value: 517,094
  • Low Value: 373,840

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $281,250
  • First Open Lien Mortgage Lender: MOVEMENT MORTGAGE
  • First Open Lien Mortgage Recording Date: Dec 09, 2021
  • First Open Lien Mortgage Loan Amount: $281,250
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jan 01, 2052

    Market Valuation

  • Market Total Value: $323,100
  • Market Land Value: $132,200
  • Market Improvement Value: $190,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $323,100
  • Assessed Land Value: $132,200
  • Assessed Improvements Value: $190,900

    Sales

  • Current Sale Contract Date: Dec 07, 2021
  • Current Sale Recording Date: Dec 09, 2021
  • Current Sale Transaction ID: 11873031542
  • Current Sale Price: $375,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021220956
  • Previous Sale Recording Date: Jan 19, 2011
  • Previous Sale Contract Date: Jan 11, 2011
  • Previous Sale Amount: $81,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MOVEMENT MORTGAGE
  • First Mortgage Transaction Date: Dec 09, 2021
  • First Mortgage Loan Amount: $281,250
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: NORTHERN TRUST NA
  • Previous Mortgage Transaction Date: Jan 19, 2011
  • Previous Mortgage Loan Amount: $57,330
  • Previous Mortgage Term: 60
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Feb 01, 2016

About Sun Haven North



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Frequently Asked Questions

What neighborhood is 5331 Olive Avenue located in?
The 5331 Olive Avenue is a located in the neighborhood of Sun Haven North in Sun Haven North, Sarasota.
What is the average sales price for listings in 5331 Olive Avenue?
The average sales price for units in 5331 Olive Avenue is $0 currently.

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