NOT LISTED FOR SALE

Lido Towers 1001 Benjamin Franklin Dr Unit 605 Sarasota, FL 34236

Lido Key Neighborhood

Estimated Value: $785,053 - $1,023,000

2 Beds
2.5 Baths
1,367 Sq Ft
$490/mo HOA Fee

Last Sold August 30, 2013

Last sale price $450,000 $329 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $5,958/month

464 Days on Market

Highlights

  • Water Access
  • Heated Indoor Pool
  • Open Floorplan
  • Southside Elementary School Rated A
  • Partial Gulf or Ocean Views
  • Deck

About This Home

As of August 2013

Beautiful 6th floor 2 bedroom condo with a wrap around balcony in Lido Towers just steps to Lido Beach. Remodeled in 2006 with new kitchen cabinets, appliances, corian counters, plantation shutters, hurricane windows and ceramic tile throughout. This spacious and open floor plan also has a very large kitchen with breakfast area and plenty of cabinets for storage. Newly installed crown molding and panel doors add the finishing touches to this turnkey furnished unit. Relax on the lanai and enjoy the sunsets over the Gulf, and views of the bay and city. Lido Towers is a pet friendly building with an easy rental policy. All units have sprinkler systems. The pool and spa have been remarcited in summer 2011 and there is deeded beach access across the street.Unit is rented for Jan - March 2014.

Last Listed By

Liz Gardini

PMI PROPERTY SOLUTIONS License #3039922 Listed on: 05/03/2012

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,482

Year Built

  • Built in 1980

Lot Details

  • End Unit
  • Zero Lot Line

HOA Fees

  • $490 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 1,367 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Home Security

Pool

  • Heated Indoor Pool
  • Vinyl Pool

Outdoor Features

  • Water Access
  • Deeded access to the beach
  • Deck
  • Screened Patio
  • Outdoor Storage
  • Porch

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • Lido Towers 388 5504 Association
  • Mid-Rise Condominium
  • Lido Towers Community
  • Lido Towers Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 7-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Recreation Facilities

Pet Policy

  • Pets Allowed
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,482

Year Built

Built in 1980

Lot Details

0

HOA Fees

$490 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1367
  • New Construction: No
  • Year Built: 1980
  • Building Area Total: 1582
  • Directions to Property: John Ringling Blvd to St Armands Circle. Go South on Benjamin Franklin Dr. Follow to Lido Towers.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=M5828982&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=M5828982&cview=true&show_results=true&customer_portal=true
  • Floor Number: 6
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 7532
  • Property Description: Corner Unit, Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.95949
  • Price per Sq Ft: 329.19
  • Close to Original List Price Ratio: 0.9018
  • Ratio: Current Price\Building Area Total: 284.45
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Split Bedroom
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 7
  • Window Features: Blinds
  • Street Number Modifier: 1001
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Storage
  • Pool Features: Heated, Indoor, Vinyl
  • Exterior Features: Sliding Doors, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Gulf/Ocean - Partial
  • Water Access: Beach - Access Deeded
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Pool
  • Association Amenities: Elevator(s), Laundry, Maintenance, Recreation Facilities
  • Association Name: Lido Towers 388-5504
  • Association: No
  • Security: Smoke Detector(s)
  • Condo Fees: 490
  • Condo Fees Term: Monthly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 5880
  • Total Monthly Fees: 490

Lot Info

  • Zoning: RMF4
  • Parcel Number: 2016145067
  • Additional Parcels: No
  • Lot Features: In County, Sidewalk, Zero Lot Line
  • Millage Rate: 16.51
  • Future Land Use: 0405
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No, Yes
  • Minimum Lease: 1 Month
  • Num Timesper Year: 12
  • Expected Lease Date: 2013-08-30T04:00:00.000Z
  • Lease Restrictions Y N: Yes

Tax Info

  • Tax Annual Amount: 4482
  • Tax Book Number: 0014/0030
  • Tax Lot: 605

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2012
Closed on
Aug 22, 2013
Sold by
Arnold Thomas R and Arnold Rosalie A
Bought by
Haas Pierre
Seller's Agent
Liz Gardini
PMI PROPERTY SOLUTIONS
Buyer's Agent
Mireille Devos
U.S. INVEST INTERNATIONAL LLC
List Price
$499,000
Sold Price
$450,000
Premium/Discount to List
-$49,000
-9.82%
Total Days on Market
464
Current Estimated Value
$860,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$410,263
Avg. Annual Appreciation
6.11%

Purchase Details

Closed on
Mar 31, 1995
Sold by
Vernile Holdings Inc
Bought by
Harris Norman J and Harris Margaret A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.86%

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Haas Pierre $450,000 Attorney
Harris Norman J $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Arnold Thomas R $475,000
Previous Owner Arnold Thomas R $225,000
Previous Owner Harris Norman J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2013 08/30/13 Sold $450,000 -4.1% $329 / Sq Ft
08/11/2013 08/11/13 Pending -- -- --
04/08/2013 04/08/13 Price Changed $469,000 -6.0% $343 / Sq Ft
05/03/2012 05/03/12 For Sale $499,000 -- $365 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $8,001 $498,593 -- --
2023 $8,001 $617,600 $0 $617,600
2022 $7,285 $554,600 $0 $554,600
2021 $6,049 $374,600 $0 $374,600
2020 $5,991 $367,300 $0 $367,300
2019 $5,386 $324,300 $0 $324,300
2018 $5,429 $326,100 $0 $326,100
2017 $5,480 $326,100 $0 $326,100
2016 $5,576 $326,100 $0 $326,100
2015 $5,567 $321,300 $0 $321,300
2014 $5,079 $267,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: M5828982

Stellar MLS

APN: 2016-14-5067