530 Gillespie Avenue

Sarasota, FL 34236

$819,000
Price
4
Beds
1,700 Sq. Ft.
$482 / Sq. Ft.
1,700
Sq. Ft.
$482
per Sq. Ft.

Description

Price reduced! Seller willing to offer several different scenarios of assistance… Credit at closing to assist with closing fees; Credit at closing to assist with the rate buy down; Guaranteed rent of $2500 a month for the first 12 months in the vacant unit. Your choice! Looking for a little history, a quaintness, a walkable neighborhood? Looking to live in one unit and rent the other? Looking for a wonderful investment? This is it. This wonderful duplex is located in Gillespie Park. Gillespie Park...Price reduced! Seller willing to offer several different scenarios of assistance… Credit at closing to assist with closing fees; Credit at closing to assist with the rate buy down; Guaranteed rent of $2500 a month for the first 12 months in the vacant unit. Your choice! Looking for a little history, a quaintness, a walkable neighborhood? Looking to live in one unit and rent the other? Looking for a wonderful investment? This is it. This wonderful duplex is located in Gillespie Park. Gillespie Park is a square mile grid of duplexes and brightly vibrant cottages. Walk to the 10-acre park complete with tennis courts, lake with ducks to feed and even a dog park. Instead of commercial activity at its center, it’s all around the edges. The south end of downtown with all its amenities literally across the street. The west end is the hip new Rosemary District. The east end, you’ll find a little bit of everything. So who lives in Gillespie Park? They’re a mixed crew of newcomers and longtime Sarasotans, all of whom revel in the atmosphere of diversity and progressive thought. The real charm here is this duplex. These mirror-image, 850 sf each side, two-bedroom, two-bath, coastal-modern units have been completely updated. Each unit has a laundry area and ample outdoor living space. Long-term tenant on 522side in place at $2,500/month. 530 side is available for an owner occupant or tenant. Projected NOI is $52k yielding a 6% cap rate when both sides rented out. Seller wants to Buyer to know that the lot can be divided.
  1. Listed by Robert Sherman • PREMIER SOTHEBYS INTL REALTY

Property Details for 530 Gillespie Avenue

Subdivision Name
CHARLES L KNIGHT SUB
Township
36
Waterfront
No
Furnished
Unfurnished
LISTING UPDATED: 12/02/2024 07:25 PM

Property Details for 530 Gillespie Avenue

StatusActive
MLS #A4586971
Days on Market355
Taxes$5,943 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1950
Lot Size0.20 AC / 8,602 SF
CountySarasota County

Building Information for 530 Gillespie Avenue

Stories-Residences2Year Built1950Building Size-Lot Size0.20 AC / 8,602 SF

Property Information for 530 Gillespie Avenue

Summary
Location and General Information
  • Building Area Source: Public Records
  • Building Area Total: 2162.0
  • Building Area Units: Square Feet
  • Community Features: Park, Playground, Tennis Courts
  • Directions: Hwy 301 to West onto 5th St to Gillespie Ave... 530 Gillespie
  • Elementary School: Alta Vista Elementary
  • Middle Or Junior School: Booker Middle
  • High School: Booker High
  • Mls Major Change Type: Back On Market
  • Major Change Type: Back On Market
  • Listing Service: Full Service
  • Senior Community: No
  • SW Subdiv Community Name: Gillespie Park Sub
  • Unit Number: No
  • Street Number: 530
  • Street Name: GILLESPIE
  • Street Suffix: AVENUE
  • State: FL
  • City: SARASOTA
Parking
  • Available For Lease: Yes
  • Carport: No
  • Garage: No
Taxes and HOA Information
  • Association Approval Required: No
  • Association Fee Requirement: None
  • Association: No
  • CDD: No
  • Tax Block: D
  • Tax Book Number: 1-138
  • Tax Legal Description: LOT 1 & W 1/2 LOT 2 BLK D CHARLES L KNIGHT SUB
  • Tax Lot: 1
  • Tax Year: 2022
Property
Lot Information
  • Additional Parcels: No
  • Parcel Number: 2026090029
  • Total Acreage: 0 to less than 1/4
  • Total Num Buildings: 1
  • Water Access: No
  • Water Extras: No
  • Zoning: DTN
  • Living Area: 1700
Property and Assessments
  • Year Built Numeric: 1950
  • Flood Zone Code: X500
  • Flood Zone Date: 11-04-2016
  • Flood Zone Panel: 12115C0133F
  • New Construction: No
  • Property Attached: Yes
  • Public Survey Range: 18
  • Public Survey Section: 19
Utilities
  • Sewer: Public Sewer
  • Utilities: BB/HS Internet Available
  • Water Source: Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Block, Stucco
  • Exterior Features: Other
  • Foundation Details: Slab
  • Levels: One
  • Pool Private: No
  • Pool: None
  • Pool Private: No
  • Roof: Shingle
  • Waterfront Feet Total: 0
Interior Features
  • Bedrooms Total: 4
  • Appliances: Range, Refrigerator
  • Cooling: Central Air
  • Fireplace: No
  • Heating: Central, Electric
  • Interior Features: Ceiling Fans(s)
  • Living Area Source: Owner
  • Living Area Units: Square Feet
  • Water View: No
Multi Family
Multi-Family Information
  • Annual Net Income: $51,240.00
  • Unit Count: 2
Unit 1
  • Unit Type Baths Total 1: 2
  • Unit Type Beds Total 1: 2
  • Unit Type Heated Sq Ft 1: 850
  • Unit Type Pro Forma 1: 2500
  • Unit Type Type 1: 2 Bed/2 Bath
  • Unit Type Units Total 1: 1
Unit 2
  • Unit Type Baths Total 2: 2
  • Unit Type Beds Total 2: 2
  • Unit Type Heated Sq Ft 2: 850
  • Unit Type Pro Forma 2: 2500
  • Unit Type Type 2: 2 Bed/2 Bath
  • Unit Type Units Total 2: 1
Rental
Rental Information
  • Tenant Pays: Electricity, Sewer, Trash Collection, Water
  • Total Actual Rent: $5,000
  • Minimum Lease Period: 0

Property History for 530 Gillespie Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 530 Gillespie Avenue

Taxable ValueLand$363,300Additions$177,600Total$540,900
Tax Record2023$8,261 ($688 / month)
Home Facts
Baths3Total Finished SqFt1,638 SqFtAbove Grade Finished SqFt1,638 SqFtStories1Lot Size8,602 SqFtStyleDuplexYear Built1950Year Renovated2000ZoningDTNCountySARASOTAAPN2026-09-0029

Schools near 530 Gillespie Avenue

This home is within Sarasota.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Charter - 6 to 12
Rating
School
Distance
Alta Vista Elementary School
PublicPK to 5

Booker Middle School
Public6 to 8

Booker High School
Public9 to 12

Sarasota Military Academy
Charter6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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530 Gillespie Avenue is a multi-family home for sale in Sarasota, FL 34236. This property was listed for sale on November 1, 2023 by PREMIER SOTHEBYS INTL REALTY, it's currently listed at $819,000. It has been on the market for a total of 355 days and was last sold on March 21, 2022. This listing's school district is Sarasota. Nearby schools include Alta Vista Elementary School, Booker Middle School and Booker High School. 530 Gillespie Avenue is a 4-bed, 0-bath, 1,700 sqft multi-family home built in 1950.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PREMIER SOTHEBYS INTL REALTY, Robert Sherman

The information is being provided in part by Southwest Florida Multiple Listing Service, Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2, and MarcoMls. Information deemed reliable but not guaranteed. Information is provided for consumers' personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2024 Southwest Florida Multiple Listing Service and MarcoMls. All Rights Reserved. The data relating to real estate for sale displayed on this website comes in part from the Broker Reciprocity Program ("BR Program") of M.L.S. of Naples, Inc. ("Naples MLS"), under License No. NCOMPN2 and MarcoMls. Properties listed with brokerage firms other than Compass are marked with the "BR House" logo. Detailed information about such properties includes the name of the brokerage firm with which the seller has listed the property. The properties displayed may not be all the properties listed with brokerage firms participating in the Naples MLS BR Program, or contained in the database compilation of Naples MLS.