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About this home
5214 Rilma Ave is a 1959-built home in Armstrong Acres, Sarasota. Inside you'll find 2 bedrooms, 1 bathrooms, and 913 square feet of living space. Listed at $149,900 (about $164/sqft), 3 days on market. Flood zone X - outside the FEMA high-risk areas, which keeps insurance manageable.
!!!! INVESTOR SPECIAL !!!! Bring your vision to this prime Sarasota property located in the highly sought after Desoto Lakes community. This home requires a complete renovation and offers the potential for a full transformation or possible tear-down and rebuild to create your dream custom home. Ideally located just minutes from shopping, dining, entertainment, and Sarasota’s world renowned beaches, including Siesta Key and Lido Key, plus St. Armand's Circle. A true blank canvas in an exceptional location, renovate, rebuild, and make it your own!
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The essentials
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Taxes reflect the most recent assessment in the MLS feed. Actual tax owed can vary, so confirm with the county property appraiser before closing.
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Sample: 85 closed home sales in 34234 over the last 8 months, Stellar MLS. A starting point, not a guarantee.
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Property taxes are this home's actual annual bill from the MLS, divided by twelve. Insurance estimated at 0.60%. Rate defaults to 6.8% on a 30-year fixed. Tap a pencil to use your own numbers. Estimates only, not a loan quote.
Quick answers.
Price
$149,900
$164 per sq ft
Beds and baths
2 beds, 1 baths
Size
913 sq ft
Time on market
3 days
Year built
1959
Monthly payment
About $1,055/mo
That is 20% down on a 30-year fixed at 6.8%, plus the home's $2,372 annual tax bill, insurance.
Flood zone
Zone X
That is outside the high-risk areas, so flood insurance is usually optional rather than required by a lender.
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