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Sarasota 34231 Coral Cove
7446 Cove Terrace
$830,000
● Land - Off Market

7446 Cove Terrace

Sarasota, FL 34231
bedrooms
Studio
bathrooms
0 Bath
$1,744,160
RealtyHop Estimate
94.01%
Since Jan 1, 2005
National-US
Primary Model

About This Property

Boater's delight - 4 homes from the bay!  100' of protected water.  15,662 sq. ft. well shaped lot with southwest exposure.  Seller believes lot elevation to be over 14 feet.  Great elevation for buil ding new home to take advantage of expansive water views.  Also possible to rehab existing home.  Central location close to great schools, shopping and beautiful beaches.
Unit Size
-
Days on Market
-
Land Size
-
Price per sqft
-
Property Type
Land
Property Taxes
$264
HOA Dues
-
Year Built
1954

Payment Calculator

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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 #A254997)

Price History

Date / Event Date Event Price
Oct 2, 2018 Sold
Premium
Sold
Dec 20, 2004 Sold
Premium
Sold
Sep 30, 2004 Sold
Premium
Sold

Property Highlights

Building Info

Overview

    General

  • Year Built: 1954
  • Effective Year Built: 2014
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 5
  • Full Bathrooms: 4
  • Partial Bathrooms: 5
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 6
  • Roof Shape Type: 8
  • Roof Cover Type: 5
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 15
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 430
  • Parking Space Count: 2
  • Patio Type: 79
  • Porch Type: 102
  • Pool Type: 9
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 15,662
  • Total Building Area: 3,594
  • Gross Building Area: 3,594
  • Building Area: 3,164
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 3,164
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 4
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: CORAL COVE UNIT 1
  • Land Acres: 0000000360
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 6 BLK F CORAL COVE UNIT 1

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: W190 A055 F052
  • Census Tract: 002012

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 29-20
  • Account Number: 0110080004
  • Subdivision Tract Number: 1007
  • Parcel: 0110-08-0004
  • Block: F
  • Lot: 6
  • Meridian: SEC 20 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2449
  • Longitude: -82.5144

    Address

  • Full Address: 7446 Cove Ter
  • Legal Unit: 1
  • Address - House Number: 7446
  • Address - Street Name: Cove
  • Address - Suffix Type: Ter
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C096
  • 4-Digit Zip Code: 5422
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 2,906
  • Tax Year: 2023
  • Tax Amount: $1,243,022
  • Tax Rate Code Area: 9201

    Appraisal Valuation

  • Standard Deviation: 0.1931
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 1,166,824
  • High Value: 1,392,209
  • Low Value: 941,438

    Market Valuation

  • Market Total Value: $1,429,500
  • Market Land Value: $799,500
  • Market Improvement Value: $630,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,045,926

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Oct 01, 2018
  • Current Sale Recording Date: Oct 02, 2018
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2018130750
  • Previous Sale Recording Date: Sep 30, 2004
  • Previous Sale Contract Date: Sep 24, 2004
  • Previous Sale Amount: $830,000
  • 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 Coral Cove

Stats & Trends

Median Asking:

$1,189,995

Sale Price/ft²

$606

Below Asking

0.09%

Average Days on Market

133

Average Home Size

4207 ft²

Average Home Age

49.2 years

Currently For Sale

5 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

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STELLAR

Listed by: June Howell
Michael Saunders & Company
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A254997
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 7446 Cove Terrace built and last sold?
The property at 7446 Cove Terrace was built in 1954 and last sold on Oct 1, 2018 for $773,000.
How much is this home worth?
The estimated value of the home located at 7446 Cove Terrace is $0.
What are some comparable homes to 7446 Cove Terrace?
There are currently no comparable homes to 7446 Cove Terrace.
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