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$550,000   Price Analysis
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701 N Lime Ave
Sarasota, FL 34237
2 bed 1 bath 991 SqFt ($554/SqFt)
8,500SqFt lot. Built 1948
Listed 2024-03-11, Taxes $2,779		Ⓧ USDA Ineligible
due to location
near Sarasota

Investment Opportunity Knocking!

* No Longer For Sale *
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Welcome to this close to downtown up and coming real estate gem, offering not a home but a promising investment venture. This property boasts: 2 Bedrooms, 1 Bathroom: Perfect for comfortable living or lucrative rental potential. Open Concept Design: Enjoy verstility in your living areas, ideal for modern lifestyles. Bonus Room: Flexibility at its finest. Utilize it as a home office, guest room or whatever suits your needs. Attached Garage: Convenience meets functionality with direct access to your vehicle. Two Lots, Can be Split: Double the potential! Explore options to divide the property, offering versatility for development or resale. Great for Duplex: With ample space and zoning flexibility, envision the possibilities for residential or commercial use. No Setbacks: Build all the way to the road hassle-free, maximizing the property's footprint. But that's not all!

This property co mes equipped with modern upgrades: Laminate Wood Vinyl Flooring: Enjoy the aesthetic appeal and easy maintenance of contemporary flooring throughout the home. Brand new Granite Countertops: Enhance the kitchen's appeal with sleek and durable granite surfaces. New Roof (2022): Invest with confidence knowing the property is safeguarded by a recent roof replacement, ensuring long-term durability and protection. New Water Heater (2023): Experience peace of mind with a recently installed water heater, providing reliable hot water for years to come. Whether you're an astute investor eyeing lucrative opportunities or a homeowner seeking a move-in ready space, this property caters to both aspirations. Don't miss out on this chance to secure a sound investment and a comfortable living space rolled into one! Contact us today to schedule a viewing and seize this exceptional investment opportunity!


Presented by Heather Hawley at
THE SUNSHINE STATE COMPANY.
Listing Agent Photo

Property MLS #A4602905 from StellarMLS

Bedrooms: 2
Primary Bedroom Level: First
Bedroom 1 Level: First

Total Rooms: 7
Extra Room-3 Level: First
Living Room Level: First

Total Bathrooms: 1
Full Bathrooms: 1
Bathroom 1 Level: First

Living Room/Dining Room Combo
Flooring: Vinyl

Convection Oven
Cooktop
Dishwasher
Dryer
Electric Water Heater
Microwave
Refrigerator
Washer
Laundry Features: Electric Dryer Hookup

Cooling Features: Central Air, Wall/Window Unit(s)
Heating Features: Central

Dining Room Level: First
Kitchen Level: First

Rain Gutters
Road Responsibility: Public Maintained Road
Road Surface Type: Asphalt

Attached Garage: Yes
Garage Spaces: 1

Lot Description: City Limits
Lot Size Acres: 0.1951331
Lot Size Square Feet: 8500

Elementary School: Tuttle Elementary
High School: Booker High
Middle School: Booker Middle

Tuttle Elementary School is a public elementary school located approximately 0.7 miles away.
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Booker Middle School is a public middle school located approximately 1.7 miles away.
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Booker High School is a public high school located approximately 1.8 miles away.
directions icon Map directions

Living Word Christian Academy is a private elementary school located approximately 0.1 miles away.
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Calculated Total Monthly Association Fees: 0
Pets Allowed: Yes

Lease Term: Minimum Lease: 1 Month

Annual Tax Amount: 4577
Source Listing Status: Closed
County: Sarasota
Directions: Directions from I-75: Exit I-75: Take exit 210 West toward Sarasota. After exiting, merge onto Fruitville Rd. Continue Straight: Continue straight on Fruitville Rd for approximately 10 Miles. Turn Right onto Lime Ave Destination on the Right: Your destination, 701 Lime Ave, will be on your right-hand side.
Tax Year: 2023
Ownership: Fee Simple
Source Property Type: Residential
Area: 34237 - Sarasota
Source Neighborhood: 0343 - EAST ADDITION TO THE CITY OF SARASOTA
Parcel Number: 2028060058
Subdivision: 0343 - EAST ADDITION TO THE CITY OF SARASOTA
Township: 36
Zoning: DTE
Management Company: Full Time
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total		Tax
2022$61,400 + $114,100
$175,500		$2,779
2021$unknown + $unknown
$124,364		$2,669
2020$unknown + $unknown
$113,058		$2,223
2019$unknown + $unknown
$102,780		$1,963
2018$unknown + $unknown
$93,436		$1,882
2017$53,100 + $59,600
$112,700		$1,746
2016$46,900 + $33,800
$80,700		$1,462
2015$36,400 + $33,800
$70,200		$1,347
2014$unknown + $unknown
$88,200		$1,660
2013$unknown + $unknown
$71,600		$1,396
2012$unknown + $unknown
$81,900		$1,542
2011$unknown + $unknown
$84,600		$1,567
2010$unknown + $unknown
$79,310		$1,760
2009$unknown + $unknown
$72,100		$1,342
2008$unknown + $unknown
$88,900		$1,563
2007$unknown + $unknown
$107,700		$1,873

Sold 2024-08-14
$432,500
StellarMLS
Listed 2024-03-11
$550,000
StellarMLS
Sold 2022-05-26
$315,000
Public Record
Sold 2021-05-10
$2,064,999
Public Record
Sold 2014-01-02
$850,000
Public Record
Sold 2007-08-08
$850,000
Public Record

Total Square Feet Living: 991
Year Built: 1948
Building Area Source: Public Records
Building Area Total: 1294
Construction Materials: Wood Frame, Wood Siding
Direction Faces: East
Foundation Details: Slab
Levels: One
Property Age: 76
Roof: Shingle

Sewer: Public Sewer
Cable Available
Electricity Connected
Water Source: Public

The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.