NOT LISTED FOR SALE

122 Rio Terra Venice, FL 34285

Estimated Value: $569,690 - $757,000

3 Beds
2 Baths
1,813 Sq Ft
$357/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $563,000 $311 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,122/month

21 Days on Market

Highlights

  • Fitness Center
  • Gated Community
  • Clubhouse
  • Venice Elementary School Rated A
  • Open Floorplan
  • Spanish Architecture

About This Home

As of November 2021

Welcome to the gated community of Bellagio on Venice Island! This 3 bedroom, 2 bath, 2 car garage home has been lovingly owned by the same couple since it was built in 2002. This Asolo Model comes completely turn-key furnished, immaculately clean, and ready for you to move right in! The double entry doors with double screen doors greet guests and open to a large foyer with a view straight through the home to the large lanai and view of The Venetian Waterway Park greenbelt, never to be built on. While this home currently does not have a pool, there is plenty of room if you would like to add one. If not, the heated community pool is just a short walk away. Just off the foyer, is the large kitchen with dinette area, extra large pantry, breakfast bar and gas appliances. The living room/dining room great room has beautiful built-ins, surround sound, and sliding doors out to the lanai. The owner's suite includes a large walk-in closet, bathroom en-suite featuring a garden tub for soaking, separate shower with built-in seat, separate vanities, a water closet with pocket door for privacy and a sliding door out to the lanai. The two additional bedrooms are good size, one even has a walk-in closet! The second bath has a walk-in shower, no tub. The home also has a separate laundry room as well as an additional extra large backyard paver patio that matches the driveway and walkway to the front door. This home has plantation shutters inside, hurricane shutters outside which include electric shutters for the front door and lanai and there is NO carpet, with tile running throughout the entire home, along with ceiling fans and recessed lighting in every room! Bellagio homes all have barrel-tile roofs which last 30-50 years, and this one is currently only 19 years old!! Bellagio offers it's residents, in addition to the heated community pool, all grounds care, so no mowing in your future, a fitness center with showers, clubhouse with library, tennis/pickle ball Har-Tru court, bocce ball court, two gated entrances, sidewalks, a small garden park, many activities and get-togethers, and is located on The Venetian Waterway Trail which leads to Casperson Beach on the Gulf of Mexico and also connects with the Legacy Trail for a full 20 mile one-way bike path to Sarasota. The Gulf of Mexico is only 1 mile away and is an easy bike ride or walk. Venice island is quiet and quaint with plenty of shops, restaurants, parks and beaches. Whether you make this home your full-time residence or wonderful winter retreat you will love your time here. Home is being sold As-Is.

Last Agent to Sell the Property

Kathleen Stansfield

EXIT KING REALTY License #3281990 Listed on: 10/02/2021

EXIT KING REALTY

Last Buyer's Agent

John Mooney

RE/MAX ALLIANCE GROUP License #3271154

RE/MAX ALLIANCE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,201

Year Built

  • Built in 2002

Lot Details

  • 6,050 Sq Ft Lot
  • North Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Property is zoned RSF3

HOA Fees

  • $288 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

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

Interior Spaces

  • 1,813 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility
  • Ceramic Tile Flooring
  • Park or Greenbelt Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Hurricane or Storm Shutters
  • Storm Windows
  • Fire and Smoke Detector

Schools

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

Utilities

  • Central Air
  • Heating System Uses Natural Gas
  • Natural Gas Connected
  • Gas Water Heater
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • City Lot

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, escrow reserves fund, insurance, ground maintenance, manager, pool maintenance, private road, recreational facilities
  • Lighthouse Property Management/Lisa Howell Association, Phone Number (941) 460-5560
  • South Venice Community
  • Bellagio On Venice Island Subdivision
  • The community has rules related to deed restrictions, fencing, allowable golf cart usage in the community, no truck, recreational vehicles, or motorcycle parking
  • Rental Restrictions

Recreation

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

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,201

Year Built

Built in 2002

Lot Details

0

HOA Fees

$288 per month

Parking

2

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Grounds, Manager, Pool Maintenance, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1813
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 2504
  • Lot Size Sq Ft: 6050
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6117865?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6117865?w=Customer
  • Homestead Y N: Yes
  • Number Of Pets: 3
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 310.54
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 224.84
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Gas Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Shutters, Storm Window(s)
  • Room Count: 11
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: North
  • Exterior Features: Hurricane Shutters, Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • View: Greenbelt
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch, Rear Porch, Screened
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • 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: Driveway, Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Natural Gas Connected, Sprinkler Well
  • Cooling: Central Air
  • Heating: Natural Gas
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Golf Carts OK, No Truck/RV/Motorcycle Parking, Pool, Sidewalk, Tennis Courts
  • Association Amenities: Clubhouse, Fence Restrictions, Gated, Pickleball Court(s), Recreation Facilities
  • Association Fee: 864
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Management/Lisa Howell
  • Phone: 941-460-5560
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s), Fire/Smoke Detection Integration
  • Senior Community: No
  • Association Email: lisahowell@mgmt.tv
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3456
  • Monthly HOA Fee: 288
  • Total Monthly Fees: 288

Schools

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

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0428050013
  • Additional Parcels: No
  • Lot Features: City Lot
  • Property Attached Yn: No
  • Flood Zone Code: X

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 3 Months
  • Approval Process: $50 application
  • Num Timesper Year: 4
  • Pet Restrictions: Must be leashed when outside. 3 max per property. No barking. Must pick-up after pet.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Check with Lisa Howell at Lighthouse Property Mgmt

Tax Info

  • Tax Annual Amount: 4201.28
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2021
Closed on
Nov 4, 2021
Sold by
Pritchard Robert R and Lewis Anne Emmons
Bought by
Molen Janet G
Seller's Agent
Kathleen Stansfield
EXIT KING REALTY
Buyer's Agent
John Mooney
RE/MAX ALLIANCE GROUP
List Price
$563,000
Sold Price
$563,000
Current Estimated Value
$647,673

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$84,673
Avg. Annual Appreciation
3.44%

Purchase Details

Closed on
May 20, 2016
Sold by
Pritchard Robert R
Bought by
Pritchard Robert R and Pritchard Robert Ralston

Purchase Details

Closed on
Mar 27, 2002
Sold by
Venice H G L C
Bought by
Pritchard Robert R and Pritchard Jacqueline H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,658
Interest Rate
6.85%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Molen Janet G $563,000 Attorney
Pritchard Robert R -- None Available
Pritchard Robert R $260,900 --
Pritchard Robert R $260,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pritchard Robert R $208,658
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/04/2021 11/04/21 Sold $563,000 0.0% $311 / Sq Ft
10/05/2021 10/05/21 Pending -- -- --
09/14/2021 09/14/21 For Sale $563,000 -- $311 / 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 $5,165 $399,099 -- --
2024 $5,047 $387,851 -- --
2023 $5,047 $376,554 $0 $0
2022 $5,153 $365,586 $0 $0
2021 $4,184 $295,121 $0 $0
2020 $4,201 $291,046 $0 $0
2019 $4,086 $284,502 $0 $0
2018 $4,010 $279,197 $0 $0
2017 $3,955 $273,454 $0 $0
2016 $3,810 $328,400 $115,900 $212,500
2015 $3,764 $304,200 $102,700 $201,500
2014 $3,747 $259,958 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6117865

Stellar MLS

APN: 0428-05-0013