5 months on rocket

5106 S Lockwood Ridge Rd, Sarasota, FL, 34231

$330,000

Home List Price

$3,919*

Closing Credit

2 Bedrooms
1 Full Bath
520 SqFt
$635/SqFt
House

Location

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5106 S Lockwood Ridge Rd, Sarasota$330,000

Buyer Closing Credits

$3,919*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
Year Built1956
HeatingWindow Unit(s)
CoolingWall/Window Unit(s)
MLS #A4615934
Lot Size0.28 Acres
StatusActive

About 5106 S Lockwood Ridge Rd

Buildable lots ready for 2 new homes. This exceptional 12,177 SqFt corner lot offers an unparalleled opportunity to build 2 homes in the heart of Sarasota. Positioned directly across from the scenic Red Bug Slough Preserve, this property is ideal for a visionary builder looking to capitalize on its prime location and development potential. Key Features: Lot Size: 12,177 SqFt (117ft x 106ft) Development Potential: Can be divided into two separate lots Location: Prime corner lot in a sought-after Sarasota neighborhood Proximity: Directly across the street from the picturesque Red Bug Slough Preserve Existing Structure: Home built in the 1950s, currently a teardown Why This Property? Perfect for New Construction: The expansive lot size and the potential to split into two separate parcels provide ample space for building two brand-new homes, maximizing your investment return. Desirable Location: Nestled in a vibrant community with easy access to local amenities, parks, schools, and shopping centers. The proximity to Red Bug Slough Preserve offers future homeowners stunning views and recreational opportunities right at their doorstep. High Demand Area: Sarasota is known for its beautiful landscapes, thriving cultural scene, and high quality of life. New homes in this area are in high demand, ensuring a quick turnaround on your investment. Don’t miss out on this rare opportunity to develop in one of Sarasota’s most coveted locations. Whether you’re looking to build 2 custom homes or attractive spec properties, this lot offers endless possibilities.

Property Details

Property Features

Property Information:

  • Year Built: 1956
  • Stories: 1
  • Living Area: 520 SqFt

Listing Office:

  • Office Name: RE/MAX ALLIANCE GROUP
  • Office Phone: (941) 954-5454
  • Listing Agent: Joey Lamielle

Interior Features

Interior Information:

  • Appliances: Range, Refrigerator
  • Flooring Type: Laminate
  • Interior: Ceiling Fans(s), Other

Bedroom and Bathroom Information:

  • Full Bathrooms: 1
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • Exterior: Storage

Virtual/3D Tour

  • Virtual Tour: 5106 S Lockwood Ridge Rd
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Lot Features

Lot Information:

  • Lot Size: 0.28 Acres

Utilities

Utilities Information:

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

Other

Directions Information:

  • Directions: Headed west on Clark Rd turn right on S Lockwood Ridge and the home is located on the corner of Grafton St

Price Information

Listing Price Info

Price Summary:

  • List Price: $330,000
  • Price Per SqFt: $635/SqFt

Tax Information:

  • Annual Amount: $900
  • Tax Year: 2020
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Housing Market Comparison

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

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Sarasota, FL

City

Med. Sold Price

$515.5K

Med. Price/SqFt

$302

Avg. Days On Market

76

# of Sold Homes

297

5106 S Lockwood Ridge Rd vs Sarasota

171 DAYS ON ROCKET

+95 Days

$330,000

-$185.5K Less

$635/SqFt

+$332 More

KEY TAKEAWAY

This property is $185.5K less than the Median Sold Price and $332/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: #A4615934

Listing Office:

  • Office Name: RE/MAX ALLIANCE GROUP
  • Office Phone: (941) 954-5454
  • Listing Agent: Joey Lamielle

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: 12/21/2024, 10:49:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$900$55,135
2019$857$53,895
2018$658$52,890
2017$636$51,802

History based on county public records data.

Payment Calculator

$1,715

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,056

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-888619
5
/10

  • Wilkinson Elementary School

  • 3400 Wilkinson Rd

  • 0.83 miles

  • Public District Grades PK-5

school-card-donut-888620
6
/10

  • Gulf Gate Elementary School

  • 6500 S Lockwood Ridge Rd

  • 1.22 miles

  • Public District Grades PK-5

school-card-donut-888621
8
/10

  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 1.42 miles

  • Public Magnet Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,038. Typical income of Sarasota, FL residents is between $35k-100k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Living In Sarasota, FL

Content displayed has been generated by an AI model trained on a diverse range of data. While efforts have been made to ensure the quality and reliability of the content, there may be limitations or inaccuracies. The content should not be considered as a substitute for professional advice, and we recommend consulting with appropriate experts and independent sources for specific information or guidance. We assume no responsibility for any consequences arising from the use of this content.

Types of housing in Sarasota, FL.

Sarasota's housing market is diverse, offering a mix of single-family homes, condominiums, and townhouses that cater to a range of preferences and budgets. Architectural styles vary widely, with a notable presence of Mediterranean-inspired designs alongside modern and contemporary structures. The area has seen a steady growth in new developments, particularly in the condominium sector, which adds a modern touch to the city's skyline.

What is it like to live in Sarasota, FL?

Sarasota prides itself on its vibrant arts scene and cultural richness, with numerous galleries, theaters, and the renowned Ringling Museum of Art. The community's character is further enhanced by its proximity to pristine beaches and a variety of outdoor recreational activities, making it a desirable location for both retirees and families. Annual events like the Sarasota Film Festival and the Sarasota Music Festival celebrate the city's artistic heritage and community spirit.

Is it easy to get around Sarasota, FL without a car?

The city is served by a robust educational system, including multiple public and private schools that offer a range of educational programs. Sarasota Memorial Hospital stands as a major healthcare provider, offering comprehensive services from emergency care to specialized treatments. The public library system is well-established, providing residents with access to a wealth of knowledge and resources. Retail and dining options are plentiful, reflecting the local culture with a blend of international cuisines and boutique shopping experiences.

Transportation in Sarasota, FL.

Sarasota's transportation network includes a variety of options for residents and visitors. The Sarasota County Area Transit (SCAT) provides bus services with routes covering key areas of the city. For those who prefer private transport, ride-sharing services like Uber and Lyft are readily available. The city is also connected by several major roads, including Interstate 75 and U.S. Route 41, facilitating travel to nearby cities and attractions. Efforts to enhance walkability and bikeability are evident in the downtown area and along the scenic waterfront.

Frequently Asked Questions About 5106 S Lockwood Ridge Rd

What is the listing price of this property?

The listing price of 5106 S Lockwood Ridge Rd property is $330,000.

What type of property is this?

The property 5106 S Lockwood Ridge Rd is a house located in Sarasota, Florida, 34231.

Is this property for sale now?

Active Listing: 5106 S Lockwood Ridge Rd is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $900 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5106 S Lockwood Ridge Rd has 2 bedrooms and 1 bathroom.

What is the square footage of this property?

The property 5106 S Lockwood Ridge Rd is 520 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5106 S Lockwood Ridge Rd is 1956.

Rocket Homes›Florida›Sarasota County›Sarasota›34231›5106 S Lockwood Ridge Rd

This home is located at 5106 S Lockwood Ridge Rd in Sarasota, FL and zip code 34231. This 520 square foot home, which was built in 1956, sits on a 0.28 acre lot. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 03, 2024 and is currently priced at $330,000.

In November 2024 more than 12 listings in Sarasota, FL were sold above the asking price. During the same period more than 48 listings were sold at asking price, while more than 237 were sold below. The number of listings in Sarasota, FL increased by 9.7% between October 2024 and November 2024. In November 2024 median list price was $515,531 and the average listing age was 76 days.

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

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