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Manatee Lexington
5735 Lexington DRIVE
$453,000
● House - Off Market

5735 Lexington DRIVE

PARRISH, FL 34219
bedrooms
4 Beds
bathrooms
4 Baths
square feet
2,735 Ft²
$491,201
RealtyHop Estimate
15.58%
Since Aug 1, 2021
National-US
Primary Model

About This Property

Welcome to the HIGHLY DESIREABLE Community of Lexington!! As soon as you walk through the front door you are greeted by the OPEN FLOORPLAN and GORGEOUS VIEWS that this Home Has To Offers. With a 4 Bedroom / 4 Bathroom / 3 Car Garage... PLUS the LARGE BONUS ROOM with Closet and Bathroom (could be used as a 2nd Master). GORGEOUS KITCHEN with GRANITE Counters, 42" Cabinets and a Built In Table and Island. Step Outside to Your SALT WATER POOL which Overlooks the PEACEFUL LAKE. Enjoy Sunsets, Relaxation & Beautiful Wildlife while you sit on your PRIVATE PATIO. The Lexington Amenities offer a Beautiful Community Pool, Playground, Basketball Court & Tennis Courts. This Community is Very Close to Manatee State Park, I-75 and Shopping.
Unit Size
2,735 Ft²
Days on Market
33 days
Land Size
0.21 acres
Price per sqft
$155
Property Type
House
Property Taxes
$432
HOA Dues
$90
Year Built
2005

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

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 #T3312798)

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold
Premium
Sold
Jun 19, 2021 Listed by EXCELLECORE REAL ESTATE INC $425,000
Listed by EXCELLECORE REAL ESTATE INC
Nov 28, 2016 Sold
Premium
Sold
Feb 26, 2014 Sold
Premium
Sold

Property Highlights

Air Conditioning
Garage
With View

Building Info

Overview

    General

  • Year Built: 2005
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 20
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 3
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 667
  • Parking Space Count: 3
  • Patio Type: 92
  • Porch Type: 111
  • Pool Type: 8
  • Location Influence Type: 118

    Dimensions

  • Lot Size Square Feet: 9,200
  • Total Building Area: 3,620
  • Gross Building Area: 3,620
  • Building Area: 2,735
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 2,735
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LEXINGTON PHASE V, VI & VII
  • Land Acres: 0000000211
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 01
  • Legal Description 1: LOT 166 LEXINGTON PHASE V VI VII PI#4709.4690/9

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 001911

Zoning

  • Zoning: PD-R

Geography

  • Assessors Map Reference: MAP 3DN31
  • Subdivision Tract Number: 00470902
  • Parcel: 4709-4690-9
  • Lot: 166
  • Meridian: SEC 31 TWN 33S RNG 19E
  • Municipality: UNINCORPORATED
  • Latitude: 27.567
  • Longitude: -82.4408

    Address

  • Full Address: 5735 Lexington Dr
  • Address - House Number: 5735
  • Address - Street Name: Lexington
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Parrish
  • Carrier Code: R004
  • 4-Digit Zip Code: 5812
  • Zip Code: 34219

Valuation

    Tax

  • Total Area: 2,147
  • Tax Year: 2021
  • Tax Amount: $543,406
  • Tax Rate Code Area: 1

    Appraisal Valuation

  • Standard Deviation: 0.2442
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 65
  • Final Value: 593,913
  • High Value: 739,001
  • Low Value: 448,824

    Market Valuation

  • Market Total Value: $550,210
  • Market Land Value: $56,100
  • Market Improvement Value: $494,110

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $475,176

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Jul 22, 2021
  • Current Sale Recording Date: Jul 30, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202141101101
  • Previous Sale Recording Date: Nov 28, 2016
  • Previous Sale Contract Date: Nov 21, 2016
  • Previous Sale Amount: $315,000
  • 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 Lexington

Stats & Trends

Median Asking:

$274,450

Sale Price/ft²

$175

Below Asking

0.05%

Average Days on Market

100

Average Home Size

2215 ft²

Average Home Age

20.1 years

Currently For Sale

7 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 7349 Rainbow Bay Place, PARRISH, FL, 34219

$3,000 /mo

  • 5 Beds
  • 2 Baths
  • 2,400 ft²
7349 Rainbow Bay Place, PARRISH, FL, 34219 Listing by David Rosenberg
Unit for rent at 10119 Daybreak Glen, PARRISH, FL, 34219

$3,000 /mo

  • 4 Beds
  • 3 Baths
  • 1,988 ft²
10119 Daybreak Glen, PARRISH, FL, 34219 Listing by Madelyn Spiegel

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: April Emory
EXCELLECORE REAL ESTATE INC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# T3312798
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 5735 Lexington Drive built and last sold?
The property at 5735 Lexington Drive was built in 2005 and last sold on Jul 22, 2021 for $453,000.
How much is this home worth?
The estimated value of the home located at 5735 Lexington Drive is $434,740.
What are some comparable homes to 5735 Lexington Drive?
There are currently no comparable homes to 5735 Lexington Drive.
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