Bought with LPT REALTY, LLC
$160,000
$199,000
19.6%For more information regarding the value of a property, please contact us for a free consultation.
3 Beds
1 Bath
1,134 SqFt
SOLD DATE : 10/02/2025
Key Details
Sold Price $160,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,134 sqft
Price per Sqft $141
Subdivision Hillcrest Park 1St Add
MLS Listing ID A4659472
Sold Date 10/02/25
Bedrooms 3
Full Baths 1
Construction Status Fixer
HOA Y/N No
Year Built 1960
Annual Tax Amount $1,737
Lot Size 9,583 Sqft
Acres 0.22
Lot Dimensions 75x129
Property Sub-Type Single Family Residence
Source Stellar MLS
Property Description
Calling all SAVVY INVESTORS. The home boasts a NEW ROOF in 2014, and NEW HVAC in 2023 but the PROPERTY is where the real value lies…at almost a QUARTER ACRE in the COVETED CENTRAL COCOANUT NEIGHBORHOOD (a historic district known for its charming, vintage homes and vibrant community atmosphere) there's plenty of room for a 650sf ADU/RENTAL/GRANNY FLAT and being zoned RMF2 (Residential, Multi-Family) a duplex MAY even be possible. Opportunity is knocking…literally. Located in ‘OPPORTUNITY ZONE 2,' where investors can take advantage of PREFERENTIAL TAX TREATMENT and SPECIAL COMMUNITY LENDING—see Revenue Codes 1400Z-1 & 1400Z-2 and the City of Sarasota website for details. This 3 bedroom 1 bath home can be a real money maker. The ‘how' is up to you. Option 1) A RENTAL—as it was for the last 6+ years (as recently as April 2025), it's a CASH COW. Sarasota Housing Authority Section 8 pays up to $2266/month for 3-bedroom homes in this zip code. Option 2) A REHAB PROJECT—a little TLC would go a long way while still qualifying as ‘AFFORDABLE HOUSING' on the back end, even with a tidy profit built in. Option 3) BUILD NEW—be one of the many brand-new homes popping up in the area, then sell it or rent it out and reap the rewards for years to come. Best of all, this property offers LOW TAXES, is NOT IN A FLOOD ZONE, is located in evacuation zone D, and sustained NO FLOOD OR STORM DAMAGE. If you're looking for a GREAT DEAL on a GREAT HOUSE, then this is the one! HURRY over & get ready to MAKE AN OFFER before it's gone. This MOTIVATED SELLER is READY to close.
Location
State FL
County Sarasota
Community Hillcrest Park 1St Add
Area 34234 - Sarasota
Zoning RMF2
Rooms
Other Rooms Inside Utility
Interior
Interior Features Ceiling Fans(s), Thermostat, Vaulted Ceiling(s)
Heating Central, Electric, Heat Pump
Cooling Central Air
Flooring Laminate, Tile
Furnishings Unfurnished
Fireplace false
Appliance Electric Water Heater, Range, Refrigerator
Laundry Inside, Laundry Room
Exterior
Exterior Feature Sidewalk
Parking Features Boat, Off Street, RV Access/Parking
Fence Chain Link, Fenced
Community Features Street Lights
Utilities Available Cable Available, Electricity Connected, Public, Sewer Connected, Water Connected
Roof Type Shingle
Attached Garage false
Garage false
Private Pool No
Building
Lot Description Historic District, City Limits, Near Public Transit, Sidewalk, Paved
Story 1
Entry Level One
Foundation Crawlspace
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Architectural Style Bungalow
Structure Type Frame,Wood Siding
New Construction false
Construction Status Fixer
Schools
Elementary Schools Gocio Elementary
Middle Schools Mcintosh Middle
High Schools Riverview High
Others
Pets Allowed Cats OK, Dogs OK
Senior Community No
Pet Size Extra Large (101+ Lbs.)
Ownership Fee Simple
Acceptable Financing Cash
Listing Terms Cash
Num of Pet 10+
Special Listing Condition None
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Ani Palaus
Agent License ID: SL3527257
I'm Ani Palaus, your expert in Tampa Bay Coastal properties. From luxurious beachfront homes to charming coastal cottages and stunning waterfront condos, I have the experience to find your dream property. With my deep knowledge of the local market, I'll provide valuable insights and guide you through a seamless buying or selling process. Whether you're a first-time buyer or a seasoned investor, I’m here to help you achieve your real estate goals with exceptional service and dedication.