3 months on rocket

407 Ohio Pl, Sarasota, FL, 34236

$1,195,000

Home List Price

$10,000*

Closing Credit

5 Bedrooms
3 Baths
1,826 SqFt
$654/SqFt
Multi

Location

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407 Ohio Pl, Sarasota$1,195,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1940
HeatingElectric
CoolingWall/Window Unit(s)
ViewGarden
MLS #A4619451
Lot Size0.21 Acres
StatusActive

About 407 Ohio Pl

Welcome to a rare Triplex in the coveted Downtown Historic District of Laurel Park, Sarasota. This well-maintained triplex is an established Airbnb property with a proven rental record. It offers a turn-key solution for savvy investors or homeowners looking to capitalize on its steady income potential. The triplex has been beautifully renovated and maintained by the current owners. It features three charming units: all with their own private driveway. The two front units have two bedrooms and one bathroom each, and the rear unit has one bedroom and one bathroom. it uniquely has an address on Laurel Street as the flag lot has frontage on both Ohio Place and Laurel Street. Each unit includes a private rear patio with patio sets, off-street parking, and washers/dryers (with two units sharing a laundry area); another has a washer and dryer inside. Fully furnished and ready to continue as a successful vacation rental, as it has been, but could also be converted to long-term, this property promises a hassle-free transition with existing management and future bookings in place. With 2024 financials mirroring the success of 2023, this property promises steady income. This triplex has consistently achieved Airbnb Superhost status, attracting guests and generating reliable income year-round. The seller is eager to facilitate a smooth transfer, ensuring the new owner experiences the same benefits. In 2023, this property generated $111,599.17. January to June 2024 has been $74,084.36, which is almost identical to 2023's numbers. All of this will be available upon request to a qualified potential buyer, there are also some gaps in the methods of the owner... This is a hands-off investment for the current owner; with a little more effort, signage, and efforts to book repeat guests for the following year, I am sure that the income could be pushed higher. Nestled in the National Historic District of Laurel Park, this property offers easy access to Sarasota’s bayfront, restaurants, shopping, Selby Gardens, and vibrant arts and theater venues. Seize the opportunity to own this turn-key triplex in Laurel Park and start benefiting from proven Airbnb rental success, the upside potential to Sarasota's growth, and enjoy the continued growth of the best place residential neighborhood in Sarasota's Down Town area. Contact us today to explore this income-generating gem!

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 1,826 SqFt

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Ryan Skrzypkowski

Interior Features

Interior Information:

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Interior: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters

Bedroom and Bathroom Information:

  • Total Bedroom Count: 5

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Garden
  • Exterior: Fence, Lighting, Sidewalk, Sliding Doors, Storage

Virtual/3D Tour

  • Virtual Tour: 407 Ohio Pl
Virtual Tour

Lot Features

Lot Information:

  • Lot: Corner Lot, Flag Lot, Historic, City Lot, Landscaped, Sidewalk, Paved
  • Lot Size: 0.21 Acres

Utilities

Utilities Information:

  • Heating: Electric
  • Cooling: Wall/Window Unit(s)

Other

Directions Information:

  • Directions: From Ringling Blvd, head South on Osprey to West on Oak Street. Go north on Ohio Place to address

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,195,000
  • Price Per SqFt: $654/SqFt

Tax Information:

  • Annual Amount: $8,122
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Sarasota, FL.

Med. Sold Price

$520.7K

Med. Price/SqFt

$305

Avg. Days On Market

62

# of Sold Homes

302

407 Ohio Pl vs Sarasota

94 DAYS ON ROCKET

+32 Days

$1,195,000

+$674.2K More

$654/SqFt

+$349 More

KEY TAKEAWAY

This property is $674.2K more than the Median Sold Price and $349/SqFt more than other homes in Sarasota, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: MFRMLS
  • MLS Number: #A4619451

Listing Office:

  • Office Name: COLDWELL BANKER REALTY
  • Office Phone: (941) 383-6411
  • Listing Agent: Ryan Skrzypkowski

IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 11/14/2024, 10:49:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 21, 2020Home Sold
$715,000
Oct 27, 2008Home Sold
$318,000
Jul 21, 2003Home Sold
$300,000

Tax History

YEARPROP. TAXASSESSMENT
2020$8,122$571,700
2019$7,450$378,477
2018$7,037$344,070
2017$6,283$440,400

History based on county public records data.

Payment Calculator

$6,032

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,649

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-324937
7
/10
  • Alta Vista Elementary School

  • 1050 S Euclid Ave

  • 1.12 miles

  • Public District Grades PK-5

school-card-donut-324938
4
/10
  • Tuttle Elementary School

  • 2863 8th St

  • 1.57 miles

  • Public District Grades PK-5

school-card-donut-324939
10
/10
  • Southside Elementary School

  • 1901 Webber St

  • 1.70 miles

  • Public District Grades PK-5

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $48,260. The majority of Sarasota, FL residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas


Rocket HomesFloridaSarasota CountySarasota34236407 Ohio Pl

This home is located at 407 Ohio Pl in Sarasota, FL and zip code 34236 in the Laurel Park neighborhood. This 1,826 square foot home, which was built in 1940, sits on a 0.21 acre lot. Features: 5 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since August 12, 2024 and is currently priced at $1,195,000.

In October 2024, from all listings sold in Sarasota, FL there were more than 13 sold above asking price, over 242 sold below and more than 47 were sold right at the asked price. In October 2024 in Sarasota, FL there were 0.8% less homes for sale than in September 2024. The median list price of listings available in October 2024 was $520,718, while the average time on the real estate market was 62 days.

From Rocket Homes Real Estate and based on county public records data.

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