26 days on rocket

4901 Commonwealth Dr, Sarasota, FL, 34242

$1,398,888

Home List Price

$10,000*

Closing Credit

3 Bedrooms
2 Full Baths
1,523 SqFt
$919/SqFt
House
Schools Nearby

Location

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4901 Commonwealth Dr, Sarasota$1,398,888

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingDriveway, Parking Pad
Year Built1957
HeatingCentral, Electric
CoolingCentral Air
ViewGarden, Park
MLS #T3515179
Lot Size0.27 Acres
StatusActive

About 4901 Commonwealth Dr

This beautifully renovated property was just completed in 2024 ! The home was a humble project of Ralph A. Erickson in his earliest years as an Architect who lived on Siesta Key right down the road from Victor Lundy, Sarasota School of Architecture. Erickson studied under renowned architect Miles van der Rohe & designed several homes, commercial buildings including the county courthouse as part of the Sarasota School of Architecture movement. Erickson’s recognition is of an international stage, the architect selected to design the Air Force base in Israel in the 1978 Camp David Accords & honored for his technical contribution in the Mideast peace process. Lock Off Floor Plan. What’s a lock off floor plan you say? A versatile floor plan for a primary, second home or investor owner allowing it to be rented as 2 separate units. This design accommodates a 1 bd/1ba/full kitchen unit and/or a 2 bd/1 ba/kitchenette unit with separate entrances & each with their own driveway for parking. Additionally, the design accommodates the ability to lock off the primary owners bedroom & bathroom keeping the owners personal belongings not accessible to renters renting the other parts of the dwelling. Siesta Beach subdivision -No HOA. New CHA mini-split unit system in 2022 with no ugly ductwork visible to respect the midcentury aesthetics. The air handlers are disguised by their dual purpose as displays for your personal art or photos. Skip the 14 month process to add a pool with 2 modern designed pool plans approved already by the county for the new owner to utilize. Recent updates include: New insulation & drywall replaced in 2022-2023, New Hurricane Impact Windows December 2023, New Hurricane Impact Exterior Smart Lock Doors 2023, Walk Around Concrete sidewalk under covered roof and dual driveways in 2023, Original Terrazzo floors restored in 2023, All new interior solid wood doors in 2024, Low to no maintenance landscaping & shell completed in 2023, No longer available original Ocala block repurposed at front entrance & backyard fire pit circle, Double Extra large lot for outdoor enjoyment, 2 outdoor showers with hot & cold water, Lemon, Lime, Banana, Tangerine and Peach Tree added in 2022, New Roof in November 2023, New plumbing & electrical 2022-2023, New Kitchen Cabinets with lifetime warranty in 2023, New Bosch microwave, dishwasher, oven in 2023, Subzero refrigerator, Wolf Electric Cooktop. While not currently on the historic registry of homes; the new owner can choose to add the home as there are tax incentives for doing so. Just a quick bike or golf cart ride to the #1 Siesta Key Beach or the Village for restaurants, live music or shops.

Property Details

Property Features

Property Information:

  • Architectural Style: Mid-Century Modern
  • Year Built: 1957
  • Stories: 1
  • Living Area: 1,523 SqFt

Listing Office:

  • Office Name: REDFIN CORPORATION
  • Office Phone: (813) 518-8756
  • Listing Agent: Steven Weiss

Interior Features

Interior Information:

  • Appliances: Oven, Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Range Hood, Refrigerator, Washer
  • Flooring Type: Terrazzo
  • Interior: Built-in Features, Ceiling Fans(s), Open Floorplan, Primary Bedroom Main Floor, Walk-In Closet(s)

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 3

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: Garden, Park
  • Exterior: Private Mailbox

Parking Information:

  • Parking: Driveway, Parking Pad

Virtual/3D Tour

  • 3D Tour: 4901 Commonwealth Dr

3D Tour

Lot Features

Lot Information:

  • Lot: Flood Zone
  • Lot Size: 0.27 Acres

Utilities

Utilities Information:

  • Heating: Central, Electric
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Sarasota High School, Public District Grades 9-12
  • Brookside Middle School, Public District Grades 6-8
  • Phillippi Shores Elementary School, Public District Grades PK-5

Other

Directions Information:

  • Directions: !-75 S to HWY 72/Clark Rd/ Stickney Point Rd to Midnight Pass to Commonwealth Dr

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,398,888
  • Price Per SqFt: $919/SqFt

Tax Information:

  • Annual Amount: $6,496
  • Tax Year: 2020
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Housing Market Comparison

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

Med. Sold Price

$519K

Med. Price/SqFt

$306

Avg. Days On Market

56

# of Sold Homes

593

4901 Commonwealth Dr vs Sarasota

26 DAYS ON ROCKET

-30 Days

$1,398,888

+$879.8K More

$919/SqFt

+$612 More

KEY TAKEAWAY

This property is $879.8K more than the Median Sold Price and $612/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: #T3515179

Listing Office:

  • Office Name: REDFIN CORPORATION
  • Office Phone: (813) 518-8756
  • Listing Agent: Steven Weiss

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.

Note: Any Compensation information or listing brokers offer of compensation displayed is only applicable to other member participants of the source MLS.

Last updated on: 5/1/2024, 10:19:17 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$6,496$523,900
2019$5,312$392,400
2018$5,560$413,500
2017$5,421$398,600

History based on county public records data.

Payment Calculator

$7,049

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,260

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.

Elementary School

school-card-donut-4413030
8
/10
  • Phillippi Shores Elementary School

  • 4747 S Tamiami Trl

  • 1.64 miles

  • Public District Grades PK-5

Middle School

school-card-donut-4413031
5
/10
  • Brookside Middle School

  • 3636 S Shade Ave

  • 2.27 miles

  • Public District Grades 6-8

High School

school-card-donut-4413032
4
/10
  • Sarasota High School

  • 1000 S School Ave

  • 3.41 miles

  • Public District Grades 9-12

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $109,115. Typical income of Sarasota, FL residents is between $100k-200k annually. Most families are married, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 4901 Commonwealth Dr

What is the listing price of this property?

The listing price of 4901 Commonwealth Dr property is $1,398,888.

What type of property is this?

The property 4901 Commonwealth Dr is a house located in Sarasota, Florida, 34242.

Is this property for sale now?

Active Listing: 4901 Commonwealth Dr is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 4901 Commonwealth Dr are:
Phillippi Shores Elementary School: GreatSchools Rating 8/10
Brookside Middle School: GreatSchools Rating 5/10
Sarasota High School: GreatSchools Rating 4/10

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $6,496 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 4901 Commonwealth Dr has 3 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 4901 Commonwealth Dr is 1,523 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 4901 Commonwealth Dr is 1957.

Rocket HomesFloridaSarasota CountySarasota342424901 Commonwealth Dr

This home is located at 4901 Commonwealth Dr in Sarasota, FL and zip code 34242 in the Siesta Key neighborhood. This 1,523 square foot home, which was built in 1957, sits on a 0.27 acre lot. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since April 05, 2024 and is currently priced at $1,398,888.

Over 41 listings were sold over their listed price in April 2024 in Sarasota, FL. In the same period over 462 listings were sold below the listed price and 90 listings were sold for the listed price. Between March 2024 and April 2024, Sarasota, FL real estate market has seen decrease in the number of listings by 1.8%. The median list price of listings available in April 2024 was $519,031, while the average time on the real estate market was 56 days.

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

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