7860 Estancia Way Sarasota, FL 34238

3 beds · 2 baths · 3,189 sq ft · Lot Size: 24,808 sq ft · Single Family Home · Prestancia
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7860 Estancia Way is in the Prestancia neighborhood of Sarasota, FL. It is located in Sarasota County and ZIP code 34238. This Single Family Home was built in 1990 and is approximately 35 years old. The single family home spans 3189 sq ft with 3 bedrooms and 2 bathrooms and sits on a 24808 sq ft lot. According to public records, it was last sold in 2019 for $625,000. The Prestancia area of Sarasota has 250 residential homes. Analyze and compare real estate investment strategies for properties like this home at 7860 Estancia Way Sarasota, FL 34238 with Property Intel by Whitepages.

Investment Potential for 7860 Estancia Way

The property has a current estimated value of $977,392, which is 48% above the neighborhood median, based on public records. It last sold on April 15, 2019 for $625K. Projected long-term
is $51,600 annually ($4,300 per month) with a 78% occupancy rate.

Long-Term

Gross Rental
$51,600 per year($4,300 per month)
Net Operating Income
Cap Rate
Occupancy Rate
78%in 34238 zip code
 
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Owners & Occupancy for 7860 Estancia Way

This property is owned by David J Hinman. Owner contact information includes 9 phone numbers and 2 email addresses.

Property Owners

Cell Phone(630) ***-****
Residence************
Landline(630) 469-1893+ 2 more
Distance from Property**********
Email Address***************@jabble.com
Cell Phone(914) ***-****
Residence************
Landline(630) 469-1907+ 2 more
Distance from Property**********
Email Address********@aol.com

Property Ownership Information

Purchase DateApril 15, 2019
Property Tax Amount$7,245 in 2023
Purchase Price$625,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1****************** age 32
Resident 2************** age 89
Resident 3************** age 68
Resident 4************** age 68

Property Details for 7860 Estancia Way

Property Details

Property Sq Ft

Living Area

3,189 sq ft

Compare to Prestancia

Lot Size

24,808 sq ft

Compare to Prestancia

Price Per Sq Ft

Living Area

$306 / sq ft

Compare to Prestancia

Lot Size Area

$39 / sq ft

Compare to Prestancia
Property condition, age, exterior, etc. for 7860 Estan…
Longitude: -82.489521 Latitude: 27.238354 Parcel Number (APN): 0123-07-0007…
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Market Benchmarks

Compare data for 7860 Estancia Way in Sarasota County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$977,392
$354,591
$622,801 (176%)
$485,305
$642,468 (132%)
YoY Price Change
1.8%
-228%
Year Built
1990
1990
0 years
Living Space
3,189 sq ft
1,628 sq ft
1561 (96%)
$ Per Living Sq Ft
$306
$218
$89 (41%)
Lot Size
24,808 sq ft
9,610 sq ft
15198 (158%)
$ Per Lot Sq Ft
$39
$40
-$1 (-1%)

Net Operating Income
$20,263
$10,108 (50%)
Annual Revenue
$51,600
$29,400
$22,200 (76%)
$9,176
$12,053 (131%)
Net Operating Income
$20,263
$10,108 (50%)
Cap Rate
5.87%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians