Open : Tomorrow 11AM-1PM
$1,250,000
3 bed 3 bath 1,680 sqft

651 MADISON COURT, Sarasota, FL 34236

Neighborhood: Laurel Park
Multi Family For Sale On ZeroDown for 9 days
MLS Status: Active
Est. sale price: $108,317

Did your stock portfolio get killed in 2022? Yep, mine too. What we should have done is buy a boring cash flowing asset, in a prime location. Something that doesn't have any differed maintenance, a true Class - A rental building. We should have bought this. Every single surface has been touched in this Laurel Park triplex. The roof, the plumbing, the Ac's, full interiors, everything. Interior laundry added for each unit, and each tenant pays their own utilities. Its basically new construction. We have professional management placing annual tenants as we speak (1/20), they can be retained at buyers choice. This can be STR'd if you prefer that path as well. Throw in another 40k or so per year in tax deductible depreciation, this is the one. A true no-brainer.

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All About The Home

Property Details for 651 MADISON COURT

Home Highlights
Price/Sqft :
Time on ZeroDown:
9 days
Heating/Cooling:
Electric, Mini-Split Unit(s)
Property Facts
Status
Active
Property Type
Residential Income, Triplex
Community
SARASOTA
Lot Size
6,400 sq ft.
Year Built
1953
MLS #
A4557875
Style
Multi Family, Triplex, Residential Income
Time On ZeroDown
9 days
Floor Size
1,680 sq ft.
Interior Features

Bedroom Information

# of bedrooms:
3

Bathroom Information

# of Baths (Total):
3

Rooms Information

Appliances:
Microwave, Range, Refrigerator

Heating & Cooling Information

Heating:
Electric
Cooling:
Mini-Split Unit(s)

Interior Information

Interior Features:
Ceiling Fans(s)

Multi-Unit Information

# of Buildings:
1
# of Units:
3

Unit Type 1 Information

# of Units:
3
# of Baths/unit:
3
# of Beds/unit:
3
Type:
One Bed/One Bath
Pro Forma Rent:
$2,000.0
See 20+ more property details
Listed by: Jason Skowronski
Brokerage: COMPASS FLORIDA LLC
MLS#: A4557875
Source: Stellar MLS
Details provided by Stellar MLS and may not match the public record.
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Low Monthly Payment
$5,365/mo
20% down, 30 year mortgage, 5.196% APR
TPH ZeroDown Brokerage Inc. (NMLS#2262539)

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Financials

Market Comparison

There aren't too many bidding wars right now in Laurel Park, with homes selling 4% below asking price over the last three months.

Is this a good deal?

Am I paying a good price per sqft? Are other houses in the area selling for less? Check out comparative data to determine if this is a good deal.

Can I rent this place out?

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Home History

Public Facts about 651 MADISON COURT

This home last sold in 2021 for $565000. It was last assessed for taxes in 2020 for $444900.

Around The Neighborhood

How Are the Schools in Laurel Park?

34236 public schools nearby are pretty great, ranking better than the Greater Jacksonville region average.

Can I raise a family in Laurel Park?

65% of homes in Laurel Park are renter-occupied with an average household size of 2.1 members.

There are plenty of options for childcare for young families in Laurel Park, including School Avenue Child Care Cen and Taco Bell. Proximity to urgent care centers such as Cape Outpatient Surgery Center and Sarasota Urgent Care is also a plus.

What's nearby 651 MADISON COURT?

This house is right near The Bodhi Tree Cafe, one of the best Italian places around.

Instacart grocery delivery is available in 34236 from 17 stores including Sam's Club, Publix, Costco, BJ's Wholesale Club, and CVS Pharmacy®.

Dessert shops like Le Macaron, The Fudge Factory, and Panera Bread are great options in 34236 for satisfying your sweet tooth.

What are my public transportation options in Laurel Park?

More than 69% of commuters drive to work alone in Laurel Park.

Laurel Park has a walk score of 86, a bike score of 70, and a transit score of 43. This neighborhood is walkable and most errands can be done on foot.

Where Can I Charge My Electric Vehicle near 651 MADISON COURT?

There is an electric vehicle charging location in Laurel Park with a total of 1 level 1 and 1 level 2 chargers .

Recently Sold Homes in Laurel Park

37 homes were sold in 34236 this month, which is 6% higher than last month and 36% lower than last year.

Quality of Life

Natural Hazards risk in Sarasota

This home is in flood zone X which is low risk. Flood insurance is available for properties in this zone, but is not required.

Will I Like My Neighbors in Laurel Park?

This home is in a precinct that voted for Joe Biden in 2020, who took 61% of the 4051 votes cast.

65% of homes in Laurel Park are renter-occupied with an average household size of 2.1 members.

80.5% of adults in Laurel Park have completed high school, which is 9.3% lower than the national average.

Who provides the best cell coverage in Laurel Park?

The best mobile coverage in Laurel Park is provided by Sprint with 5 cellular sites.

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