NOT LISTED FOR SALE

116 Rio Terra Venice, FL 34285

Estimated Value: $644,000 - $807,000

3 Beds
2.5 Baths
2,006 Sq Ft
$356/Sq Ft Est. Value

Last Sold February 05, 2020

Last sale price $410,000 $204 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $4,761/month

67 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Open Floorplan
  • Venice Elementary School Rated A
  • View of Trees or Woods
  • Deck

About This Home

As of February 2020

Island living at its finest! Move right in! Home is being sold, TURNKEY! Enjoy this MAINTENANCE-FREE, popular Cosenza model located in the highly sought after Bellagio, a Venice Island gated community. Architectural features can be found throughout including 10 ft. ceilings, plantation shutters, and neutral colors. The main living area floors feature imported Italian porcelain tile. An open floor plan makes this home perfect for entertaining as the kitchen flows into the family room which opens fully to the expanded lanai featuring a preserve view. Formal dining and living room areas are additional special features of this spacious home. The master suite features two walk-in closets, a tray ceiling, sliding doors that open to the spacious, private lanai. Home is situated in an ideal location and is one of the largest lots in Bellagio. A truly ideal location, situated within minutes to some of the best beaches, golf courses, theaters, restaurants, shopping, boating, biking, and walking trails. Great investment with ATTRACTIVE INCOME POTENTIAL!

Last Agent to Sell the Property

Lori Turkovics

COLDWELL BANKER REALTY License #3368476 Listed on: 10/30/2019

COLDWELL BANKER REALTY

Last Buyer's Agent

Lori Turkovics

COLDWELL BANKER REALTY License #3368476 Listed on: 10/30/2019

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,828

Year Built

  • Built in 2001

Lot Details

  • 8,394 Sq Ft Lot
  • Property fronts a private road
  • North Facing Home
  • Mature Landscaping
  • Level Lot
  • Irregular Lot
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RSF3

HOA Fees

  • $261 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Secured Garage or Parking
  • Open Parking

Property Views

  • Woods
  • Garden

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,006 Sq Ft Home
  • Open Floorplan
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Formal Dining Room
  • Inside Utility
  • Attic

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Porcelain Tile
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Rain Gutters

Schools

  • Venice Elementary School
  • Venice Area Middle School
  • Venice Senior High School

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, maintenance structure, ground maintenance, manager, pool maintenance, private road, recreational facilities, security
  • Lighthouse Property Mgmt Association, Phone Number (941) 412-1666
  • Bellagio On Venice Island Subdivision, Cosenza Floorplan
  • Bellagio At Venice Island Community
  • On-Site Maintenance
  • The community has rules related to deed restrictions, fencing
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,828

Year Built

Built in 2001

Lot Details

0

HOA Fees

$261 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Recreational Facilities, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2006
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 2001
  • Building Area Total: 2835
  • Lot Size Sq Ft: 8394
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6107664?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6107664?w=Customer
  • Homestead Y N: No
  • Number Of Pets: 3
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-364-4014
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.95571
  • Price per Sq Ft: 204.39
  • Close to Original List Price Ratio: 0.95571
  • Ratio: Current Price\Building Area Total: 144.62
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Porcelain Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Open Floorplan, Split Bedroom, Tray Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds, Shutters
  • Room Count: 8
  • Additional Rooms: Attic, Formal Dining Room Separate, Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Pool Features: Other
  • Exterior Features: Irrigation System, Rain Gutters, Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Garden, Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Enclosed, Patio, Porch, Screened
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0333F
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Underground Utilities
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Gated Community, Park, Pool, Tennis Courts
  • Association Amenities: Fence Restrictions, Fitness Center, Gated, Maintenance, Park, Recreation Facilities, Tennis Court(s)
  • Association Fee: 782
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Mgmt
  • Phone: (941) 412-1666
  • Association: Yes
  • Security: Gated Community, Secured Garage/Parking, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 3128
  • Monthly HOA Fee: 260.67
  • Total Monthly Fees: 260.67

Schools

  • Elementary School: Venice Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Venice Area Middle

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0428050016
  • Additional Parcels: No
  • Lot Features: Irregular Lot, Level, Sidewalk
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: Refer to HOA docs. Call Lighthouse Property Management (941) 460-5560.
  • Num Timesper Year: 4
  • Pet Restrictions: Refer to HOA docs. Call Lighthouse Property Management (941) 460-5560.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Refer to HOA docs. Call Lighthouse Property Management (941) 460-5560.

Tax Info

  • Tax Annual Amount: 5828
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 3, 2025
Sold by
Schmidt Deborah A and Schmidt Thomas J
Bought by
Schmidt Family Revocable Trust and Schmidt
Current Estimated Value
$713,136

Purchase Details

Listed on
Oct 30, 2019
Closed on
Feb 5, 2020
Sold by
Jenkins Mary H
Bought by
Schmidt Deborah A and Schmidt Thomas J
Seller's Agent
Lori Turkovics
COLDWELL BANKER REALTY
Buyer's Agent
Lori Turkovics
COLDWELL BANKER REALTY
List Price
$429,000
Sold Price
$410,000
Premium/Discount to List
-$19,000
-4.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.87%

Purchase Details

Closed on
May 10, 2006
Sold by
The Adamson Family Declaration Of Trust and Adamson Roy S
Bought by
Jenkins Christopher L and Jenkins Mary H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
6.33%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 3, 2002
Sold by
Adamson Roy S and Adamson Audrey
Bought by
Adamson Roy S

Purchase Details

Closed on
Jun 13, 2001
Sold by
Venice H G L C
Bought by
Adamson Roy and Adamson Audrey
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Schmidt Family Revocable Trust $100 None Listed On Document
Schmidt Deborah A $410,000 Attorney
Jenkins Christopher L $492,500 Attorney
Adamson Roy S -- --
Adamson Roy S -- --
Adamson Roy $258,000 --
Adamson Roy $258,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jenkins Christopher L $292,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2020 02/05/20 Sold $410,000 -4.4% $204 / Sq Ft
01/05/2020 01/05/20 Pending -- -- --
10/30/2019 10/30/19 For Sale $429,000 -- $214 / Sq Ft
Source: Stellar 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 $9,027 $620,606 -- --
2024 $8,586 $564,187 -- --
2023 $8,586 $639,600 $200,400 $439,200
2022 $8,018 $565,900 $172,500 $393,400
2021 $6,595 $401,700 $131,700 $270,000
2020 $5,777 $345,100 $112,800 $232,300
2019 $5,828 $348,600 $121,200 $227,400
2018 $5,881 $350,700 $147,500 $203,200
2017 $5,952 $351,500 $147,500 $204,000
2016 $5,840 $364,000 $134,100 $229,900
2015 $5,098 $308,400 $90,500 $217,900
2014 $4,960 $277,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6107664

Stellar MLS

APN: 0428-05-0016