NOT LISTED FOR SALE

Estimated Value: $1,907,000 - $2,299,000

6 Beds
7 Baths
5,365 Sq Ft
$376/Sq Ft Est. Value

Last Sold September 28, 2020

Last sale price $1,127,500 $210 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $12,812/month

95 Days on Market

Highlights

  • Above Ground Pool
  • 23,381 Sq Ft lot
  • Clubhouse
  • Manatee Bay Elementary School Rated A
  • Home fronts a canal
  • Marble Flooring

About This Home

As of September 2020

**REDUCED** MAJESTIC LAKEFRONT ESTATE AT SAVANNA'S THE COVE II. THIS PALATIAL HOME IS ONE OF THE LARGEST IN THE COMMUNITY AT OVER 6,000 SQUARE FEET, SITTING ON ONE OF THE MOST DESIRABLE LAKE-FRONT LOTS IN THE AREA WITH OVER HALF AN ACRE AND BOASTING AN EXPANSIVE LAKE VIEW RIVALED BY NONE. THIS INCREDIBLE HOME FEATURES OPULENT MASTER SUITE WITH LARGE SITTING AREA AND A PRIVATE BALCONY TO ENJOY THE GREATEST OF LAKE VIEWS. THIS IS A EXCELENTE OPPORTUNITY.
"MOTIVATED SELLER"

Last Agent to Sell the Property

ALVARO RODRIGUEZ

MMLS Assoc.-Inactive Member License #3346689 Listed on: 04/28/2020

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Silvina Weman

MMLS Assoc.-Inactive Member License #3253233

MMLS Assoc.-Inactive Member

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,220

Year Built

  • Built in 2001

Lot Details

  • 0.54 Acre Lot
  • 20 Ft Wide Lot
  • Home fronts a canal
  • Northwest Facing Home
  • Fenced

HOA Fees

  • $130 Monthly HOA Fees

Parking

  • 6 Car Attached Garage
  • 2 Attached Carport Spaces
  • Automatic Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Tile Roof

Interior Spaces

  • 5,365 Sq Ft Home
  • 2-Story Property
  • Family Room
  • Den
  • Canal Views

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • 7 Full Bathrooms
  • Bathtub and Shower Combination in Primary Bathroom

Pool

  • Above Ground Pool

Schools

  • Manatee Bay Elementary School
  • Falcon Cove Middle School
  • Cypress Bay High School

Utilities

  • Central Air
  • No Heating
  • Lake Drain

Listing and Financial Details

  • Assessor Parcel Number 503911040140

Community Details

Overview

  • Sector 2 Parcels 11 27 28,Savanna Cove II Subdivision

Amenities

  • Clubhouse

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,220

Year Built

Built in 2001

Lot Details

0

HOA Fees

$130 per month

Parking

6

Listing Details

  • Property Type: Residential
  • Year Built: 2001
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Carport Y N: Yes
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: None
  • New Construction: No
  • Structure Type: House
  • Subdivision Name: SECTOR 2-PARCELS 11 27 28,SAVANNA COVE II
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: Yes
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Interior Amenities: First Floor Entry, Den/Library/Office, Family Room
  • Full Bathrooms: 7
  • Total Bedrooms: 6
  • Flooring: Marble, Wood
  • Furnished: Unfurnished
  • Living Area: 5365
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Primary
  • Bedroom Features: At Least 1 Bedroom Ground Level, Master Bedroom Upstairs
  • Living Room Features: Den/Library/Office, Family Room
  • Master Bathroom Features: Combination Tub & Shower

Exterior Features

  • Roof: Curved/S-Tile Roof
  • View: Canal
  • Direction Faces: Northwest
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Features: Above Ground
  • Pool Private: No
  • View: Yes
  • Waterfront Features: WF/Pool/No Ocean Access, Canal Front
  • Waterfront: Yes

Garage/Parking

  • Attached Garage: Yes
  • Park Building Name: SECTOR 2-PARCELS 11 27 28
  • Carport Spaces: 2
  • Covered Parking Spaces: 8
  • Garage Spaces: 6
  • Open Parking: Yes
  • Parking Features: Attached Carport, Covered, Driveway

Utilities

  • Sewer: Public Sewer
  • Water Source: Laked Drain
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: None
  • Heating Yn: No

Condo/Co-op/Association

  • Association Fee: 390
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Community Features: Additional Amenities, Clubhouse, Pool
  • ResoAssociationFeeFrequency: Quarterly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Homeowners

Schools

  • Elementary School: Manatee Bay
  • High School: Cypress Bay
  • Middle Or Junior School: Falcon Cove

Lot Info

  • Parcel Number: 503911040140
  • Lot Size Sq Ft: 23381
  • Zoning: RES
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Year: 2019
  • Tax Annual Amount: 19220

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 28, 2020
Closed on
Sep 28, 2020
Sold by
1069 Nautica Llc
Bought by
Weman Eric A and Weman Silvina
Seller's Agent
ALVARO RODRIGUEZ
MMLS Assoc.-Inactive Member
Buyer's Agent
Silvina Weman
MMLS Assoc.-Inactive Member
List Price
$1,200,000
Sold Price
$1,127,500
Premium/Discount to List
-$72,500
-6.04%
Current Estimated Value
$2,017,163

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$889,663
Avg. Annual Appreciation
10.66%
Original Mortgage
$827,500
Outstanding Balance
$744,285
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,119,125

Purchase Details

Closed on
Jun 24, 2019
Sold by
Borges Juan Jorge Rios and Marshall Deborah Ann
Bought by
1069 Nautica Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$976,950
Interest Rate
4%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 2018
Sold by
Borges Juan Jorge Rios
Bought by
Borges Juan Jorge Rios and Marshall Deborah Ann

Purchase Details

Listed on
Jul 28, 2012
Closed on
Sep 12, 2014
Sold by
Sanchez Gerard A and Sanchez Margaret R
Bought by
Rios Burgos Juan Jorge
Seller's Agent
Alejandro Perez
AmeriFirst Realty
Buyer's Agent
Isabel Martinez
Charm Realty LLC
List Price
$1,299,000
Sold Price
$1,075,000
Premium/Discount to List
-$224,000
-17.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.12%
Original Mortgage
$735,000
Interest Rate
3.63%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Nov 30, 2001
Sold by
Arvida/Jmb Partners
Bought by
Sanchez Gerard A and Sanchez Margaret R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
6.42%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Weman Eric A $1,127,500 Florida Secured Title Llc
1069 Nautica Llc $1,100,000 Empire Title Services Inc
Borges Juan Jorge Rios $341,000 None Available
Rios Burgos Juan Jorge $1,075,000 Attorney
Sanchez Gerard A $874,000 Sunbelt Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Weman Eric A $827,500
Previous Owner 1069 Nautica Llc $976,950
Previous Owner Rios Burgos Juan Jorge $735,000
Previous Owner Sanchez Gerard A $650,000
Previous Owner Sanchez Gerard $252,500
Previous Owner Sanchez Gerard A $650,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2020 09/28/20 Sold $1,127,500 -6.0% $210 / Sq Ft
08/17/2020 08/17/20 For Sale $1,200,000 +6.4% $224 / Sq Ft
07/15/2020 07/15/20 Off Market $1,127,500 -- --
04/28/2020 04/28/20 Price Changed $1,200,000 +9.1% $224 / Sq Ft
04/28/2020 04/28/20 Price Changed $1,100,000 +900.0% $205 / Sq Ft
04/28/2020 04/28/20 For Sale $110,000 -89.8% $21 / Sq Ft
09/12/2014 09/12/14 Sold $1,075,000 -10.3% $177 / Sq Ft
06/17/2014 06/17/14 Pending -- -- --
04/02/2014 04/02/14 Price Changed $1,199,000 -7.7% $198 / Sq Ft
07/28/2012 07/28/12 For Sale $1,299,000 -- $214 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,214 $1,196,990 -- --
2024 $22,350 $1,163,260 -- --
2023 $22,350 $1,110,900 $0 $0
2022 $21,124 $1,078,550 $0 $0
2021 $20,550 $1,047,140 $230,130 $817,010
2020 $18,915 $927,870 $230,130 $697,740
2019 $19,220 $946,880 $230,130 $716,750
2018 $19,777 $1,000,470 $230,130 $770,340
2017 $19,692 $1,035,040 $0 $0
2016 $19,586 $1,003,930 $0 $0
2015 $20,054 $1,000,740 $0 $0
2014 $17,355 $872,820 $0 $0
2013 -- $981,730 $230,130 $751,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10851036

MIAMI REALTORS® MLS

APN: 50-39-11-04-0140