by RH Advisors

See Home Value
$460,000
House - Off Market

565 S Pelican DRIVE

SARASOTA, FL 34237
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1350 Sqft
$2,830
Estimated Monthly
$0
HOA / Fees
6.54%
Cap Rate

About This Property

Charming Florida-style cottage walking distance to downtown! Enjoy sipping coffee from your light-filled dining space overlooking the expansive backyard and garden. This well-maintained home offers an open & split floor plan with many recent upgrades, including PVC piping. You'll find hardwood floors, white cabinetry, granite countertops, stainless steel appliances with new dishwasher, new tiling & vanity in the master bath. The expansive outdoor space is fully fenced and provides plenty of room for everyone in the family who enjoys green space. Enjoy the produce offered by the vegetable garden and mandarin orange tree! The extra storage shed and long driveway offer ample space for storage and parking. With no HOA or deed restrictions, this is a neighborhood that is growing in popularity as it's located around the corner from the Legacy Trail as well as Payne Park, making it a rare and exceptional investment opportunity.  Come and see it for yourself - you won't be disappointed. Many custom home builders are building in the neighborhood, making this home the least expensive home in a prime location!
Unit Size
1,350Ft²
Days on Market
135 days
Land Size
0.22 acres
Price per sqft
$370
Property Type
House
Property Taxes
$380
HOA Dues
-
Year Built
1953
Last updated: 2 months ago (Stellar MLS #A4586690)

Price History

Date / Event Date Event Price
Mar 6, 2024 Sold $460,000
Sold
Feb 10, 2024 In contract -
In contract
Dec 6, 2023 Relisted $499,000
Relisted
Oct 27, 2023 In contract -
In contract
Oct 23, 2023 Listed by Keller Williams on the Water Sarasota $499,000
Listed by Keller Williams on the Water Sarasota
Charming Florida-style cottage walking distance to downtown! Enjoy sipping coffee from your light-filled dining space overlooking the expansive backyard and garden. This well-maintained home offers an open & split floor plan with many recent upgrades. You'll find hardwood floors, white cabinetry, granite countertops, stainless steel appliances with new dishwasher, new tiling & vanity in the master bath. The expansive outdoor space is fully fenced and provides plenty of room for…
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1953
  • Effective Year Built: 2003
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Wood
  • Exterior Walls Type: Wood siding
  • Interior Walls Type: Plaster
  • Roof Shape Type: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 9,375
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 500
  • Total Building Area: 1,350
  • Gross Building Area: 1,350
  • Building Area: 1,350
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,350
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: TERRACE GARDENS C
  • Land Acres: 0.215
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 6 TERRACE GARDENS C

Ownership

  • Current Owner : 565 SOUTH PELICAN LLC
  • Previous Owner : DAVIES ANDREW
  • Previous Owner 2: DAVIES MEAGAN
  • Owner Before Previous Owner: SULLIVAN MARK K
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T02 T02D A055
  • Census Tract: 000401

Zoning

  • Zoning: RSF3

Geography

  • Assessors Map Reference: 12
  • Account Number: 2029140029
  • Subdivision Tract Number: 938
  • Parcel: 2029-14-0029
  • Lot: 6
  • Meridian: SEC 20 TWN 36S RNG 18E
  • Municipality: CITY OF SARASOTA
  • Latitude: 27.3311
  • Longitude: -82.5226

    Address

  • Full Address: 565 S Pelican Dr
  • Address - House Number: 565
  • Street Direction: S
  • Address - Street Name: Pelican
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C065
  • 4-Digit Zip Code: 7121
  • Zip Code: 34237

Valuation

    Tax

  • Total Area: 1,160
  • Tax Year: 2023
  • Tax Amount: $4,746
  • Tax Rate Code Area: 0200

    Appraisal Valuation

  • Standard Deviation: 0.082
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 93
  • Final Value: 490,603
  • High Value: 531,051
  • Low Value: 450,155

    Market Valuation

  • Market Total Value: $347,500
  • Market Land Value: $214,700
  • Market Improvement Value: $132,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $347,500
  • Assessed Land Value: $214,700
  • Assessed Improvements Value: $132,800

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 06, 2024
  • Current Sale Recording Date: Mar 07, 2024
  • Current Sale Transaction ID: 11921841279
  • Current Sale Price: $460,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 31015
  • Previous Sale Recording Date: Oct 21, 2021
  • Previous Sale Contract Date: Oct 18, 2021
  • Previous Sale Amount: $356,000
  • Previous Sale Document Type: Warranty Deed

    Previous Mortgages

  • Previous Mortgage Lender: BETTER MORTGAGE CORPORATION
  • Previous Mortgage Transaction Date: Oct 21, 2021
  • Previous Mortgage Loan Amount: $267,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: New Conventional
  • Previous Mortgage Loan Due Date: Nov 01, 2051



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
1,276 ft²
$411/ft²
$524,900 Aug 3, 2023
$524,900 Sep 1, 2023
$361/mo
House
3 Beds
1 Bath
1,499 ft²
$324/ft²
$485,000 Jul 17, 2023
$485,000 Sep 1, 2023
$384/mo
House
3 Beds
2 Baths
1,370 ft²
$323/ft²
$442,500 Jan 2, 2024
$442,500 Jan 24, 2024
$244/mo
House
3 Beds
2 Baths
1,254 ft²
$419/ft²
$525,000 Aug 11, 2023
$525,000 Nov 13, 2023
$431/mo
House
3 Beds
2 Baths
1,348 ft²
$326/ft²
$440,000 Jun 23, 2023
$440,000 Sep 20, 2023
$304/mo
House
3 Beds
1 Bath
1,188 ft²
$396/ft²
$470,000 Mar 20, 2023
$470,000 Nov 6, 2023
$277/mo
House
3 Beds
1 Bath
1,144 ft²
$420/ft²
$480,000 Mar 9, 2024
-
$179/mo
House
3 Beds
2 Baths
1,142 ft²
$444/ft²
$507,500 Oct 23, 2023
-
$331/mo
House
3 Beds
2 Baths
1,252 ft²
$383/ft²
$479,900 Dec 22, 2023
-
$323/mo
House
3 Beds
2 Baths
1,140 ft²
$404/ft²
$460,000 Nov 15, 2023
-
$55/mo
House
3 Beds
2 Baths
1,771 ft²
$299/ft²
$529,000 Jan 16, 2024
-
$504/mo
House
3 Beds
3 Baths
1,636 ft²
$336/ft²
$549,999 Jan 31, 2024
-
$162/mo

About Terrace Gardens


Similar Homes for Sale

Unit for sale at 2554 Novus Street, SARASOTA, FL 34237

$549,999

  • 3 Beds
  • 3 Baths
  • 1,636 ft²
2554 Novus Street, SARASOTA, FL 34237 Listing by Keith Gordon
Unit for sale at 466 South Shade Avenue, SARASOTA, FL 34237

$529,000

  • 3 Beds
  • 2 Baths
  • 1,771 ft²
466 South Shade Avenue, SARASOTA, FL 34237 Listing by Jacody Swor
Unit for sale at 946 Charlotte Avenue, SARASOTA, FL 34237

$460,000

  • 3 Beds
  • 2 Baths
  • 1,140 ft²
946 Charlotte Avenue, SARASOTA, FL 34237 Listing by Tawnya Hile

Nearby Rentals

Unit for rent at 5076 Course Drive, SARASOTA, FL, 34232

$3,300 /mo

  • 3 Beds
  • 2.5 Baths
  • 1,962 ft²
5076 Course Drive, SARASOTA, FL, 34232 Listing by Mark Coon
Unit for rent at 3519 Bahia Vista Street, SARASOTA, FL, 34239

$2,900 /mo

  • 1 Bed
  • 1 Bath
  • 500 ft²
3519 Bahia Vista Street, SARASOTA, FL, 34239 Listing by RH Advisors Stellar
Unit for rent at 1745 Oak Street, SARASOTA, FL, 34236

$3,300 /mo

  • 2 Beds
  • 1.5 Baths
  • 1,152 ft²
1745 Oak Street, SARASOTA, FL, 34236 Listing by Colbey Amspaugh


Frequently Asked Questions

When was property at 565 South Pelican Drive built and last sold?
The property at 565 South Pelican Drive was built in 1953 and last sold on Mar 6, 2024 for $460,000.
How much is this home worth?
The estimated value of the home located at 565 South Pelican Drive is $524,069.
What are some comparable homes to 565 South Pelican Drive?
Homes that are comparable to 565 South Pelican Drive include a house property at 2616 Martin Street, 2343 Prospect Street, 2773 Bay Street.

Quantcast