NOT LISTED FOR SALE

132 Rio Terra Venice, FL 34285

Estimated Value: $744,000 - $874,000

3 Beds
2 Baths
2,188 Sq Ft
$364/Sq Ft Est. Value

Last Sold August 05, 2020

Last sale price $539,900 $247 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $5,045/month

3 Days on Market

Highlights

  • Fitness Center
  • Heated In Ground Pool
  • Open Floorplan
  • Venice Elementary School Rated A
  • Gated Community
  • Clubhouse

About This Home

As of August 2020

Gorgeous 3/2/2 Venice Island pool home in the gated community of BELLAGIO - one of the only single family gated communities on the Island. Lush landscapes and pristinely groomed yards. Pet friendly community ( up to 3 allowed). This home is a rare find - larger than most in this community and positioned on a prime cul de sac lot with private back and side yard. The current owner has made some fantastic upgrades to this already amazing home. Since the purchase approx 3 years ago, many items have been upgraded tastefully - quality and price were not spared.
ALL NEW HURRICANE WINDOWS AND DOORS with heat resistant film. These grand windows are solid weight and sound deadening. Sliders are pocketed openings ( all but one). VERTIGLIDE shades on all the sliders, new window treatments throughout. NEW AC, NEW POOL/SPA AREA includes an all new pool cage, heater, pebble tech pool surface with new tile surround, remote pool and spa system, Travertine patio surface, and a garden along the pools edge. Pool bath entry from the patio area along with an outdoor shower. Mature privacy landscape surrounds the pool and spa area. New water resistant plank flooring throughout the main body of the home, New base moldings, New Crown Moldings, New carpet in all bedrooms with upgraded padding - silky on the feet and still looks new. NEW Interior and exterior paint, NEW LUSH LANDSCAPING SURROUNDS THIS BEAUTIFUL CORNER LOT - CUL DE SAC HOME. New appliances have been added since purchase and the home offers inside laundry with new cabinets and a pantry area . NEW attic insulation. Even the garage got into the act with NEW shelving and organizational storage - making the garage functional when both cars are parked inside. Hanging bike racks for the cyclist who likes to enjoy the VENETIAN WATERWAY TRAILS AND THE LEGACY BIKE TRAILS - PRIVATE ACCESS LOCATED RIGHT IN YOUR CUL DE SAC. You can also enjoy the waterway boat parade festivities during the holidays right in your own community - no need to fight crowds. You can watch the sailboats as they go out into the gulf, you can walk or ride to the Beach and downtown area all from the trail along the waterway. If you travel or enjoy the home on an occasional basis - there is a Home Away System in place to remotely control who enters the home when you are not there - in addition to the security system.
The LOW MONTHLY FEE and the X FLOOD ZONE are just a few of the reasons you will love Bellagio. This friendly and social community is positioned in a unique location to all things Venice Island can offer you - THREE MINUTES TO THE BEACH AND DOWNTOWN VENICE AREA. The Bellagio offers a community pool, tennis courts and a recreational center. YOUR SLICE OF FLORIDA AWAITS in this BEAUTIFUL, GATED ISLAND COMMUNITY.

Last Agent to Sell the Property

Steve Martin Smith

SLICE OF FLORIDA REALTY, LLC License #3314515 Listed on: 06/21/2020

Last Buyer's Agent

Steve Martin Smith

SLICE OF FLORIDA REALTY, LLC License #3314515 Listed on: 06/21/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,563

Year Built

  • Built in 2000

Lot Details

  • 8,106 Sq Ft Lot
  • North Facing Home
  • Irrigation
  • Property is zoned RSF3

HOA Fees

  • $261 Monthly HOA Fees

Parking

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

Home Design

  • Slab Foundation
  • Tile Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,188 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

  • Closed Circuit Camera
  • Fire and Smoke Detector

Pool

  • Heated In Ground Pool
  • Swim Spa
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, ground maintenance, private road, recreational facilities
  • Lighthouse Property Management Association, Phone Number (941) 460-5560
  • Visit Association Website
  • Bellagio At Venice Island Community
  • Bellagio On Venice Island Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,563

Year Built

Built in 2000

Lot Details

0

HOA Fees

$261 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Maintenance Grounds, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Concrete, Stucco
  • Fireplace: No
  • Living Area: 2188
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 2000
  • Building Area Total: 2898
  • Lot Size Sq Ft: 8106
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6110709?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6110709?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 3
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.98342
  • Price per Sq Ft: 246.76
  • Close to Original List Price Ratio: 0.98342
  • Ratio: Current Price\Building Area Total: 186.3
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Engineered Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: Heated, In Ground, Swim Spa
  • Spa Yn: Yes
  • Stories: 1
  • Room Count: 9
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: North
  • Pool Features: Gunite, Heated, In Ground, Lighting, Outside Bath Access
  • Exterior Features: Irrigation System, Lighting, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0333F

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: Public
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Golf Carts OK, Pool, Sidewalk, Tennis Courts
  • Association Amenities: Clubhouse, Fitness Center, Tennis Court(s)
  • Association Fee: 260.66
  • Association Fee Frequency: Monthly
  • Association Name: Lighthouse Property Management
  • Phone: 941-460-5560
  • Association: Yes
  • Security: Closed Circuit Camera(s), Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association Website: https://www.lighthousepropertymanagement.net/
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3127.92
  • Monthly HOA Fee: 260.66
  • Total Monthly Fees: 260.66

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0428050008
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: Verify lease guideline with the HOA
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Verify lease guideline with the HOA

Tax Info

  • Tax Annual Amount: 6563
  • Tax Lot: 15

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2020
Closed on
Aug 5, 2020
Sold by
Ott Michael S and Ott Karen D
Bought by
Forbes Harry W
Seller's Agent
Steve Martin Smith
SLICE OF FLORIDA REALTY, LLC
Buyer's Agent
Steve Martin Smith
SLICE OF FLORIDA REALTY, LLC
List Price
$549,000
Sold Price
$539,900
Premium/Discount to List
-$9,100
-1.66%
Current Estimated Value
$796,305

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$256,405
Avg. Annual Appreciation
7.48%
Original Mortgage
$420,000
Outstanding Balance
$370,763
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$425,542

Purchase Details

Listed on
Jan 13, 2017
Closed on
Apr 21, 2017
Sold by
Bown Craig and Dandachi Jennifer
Bought by
Orr Michael S and Orr Karen D
Seller's Agent
Ronald Gubiotti, Jr
EXIT KING REALTY
Buyer's Agent
Steve Martin Smith
SLICE OF FLORIDA REALTY, LLC
List Price
$495,000
Sold Price
$465,000
Premium/Discount to List
-$30,000
-6.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.66%
Original Mortgage
$360,000
Interest Rate
4.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2013
Sold by
Bown Craig
Bought by
Bown Craig and Bown Jennifer

Purchase Details

Closed on
Nov 13, 2009
Sold by
Riesenfeld Claudia
Bought by
Bown Steven M

Purchase Details

Closed on
Mar 25, 2005
Sold by
White Dolores E
Bought by
Riesenfeld Claudia

Purchase Details

Closed on
Nov 8, 2000
Sold by
Venice H G L C
Bought by
Piel Robert J and Piel Elizabeth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Forbes Harry W $539,900 First International Ttl Inc
Orr Michael S $465,000 First Internaional Title Inc
Bown Craig -- None Available
Bown Steven M $372,500 Msc Title Inc
Riesenfeld Claudia $450,000 First American Title Ins Co
Piel Robert J $314,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Forbes Harry W $420,000
Previous Owner Orr Michael S $360,000
Previous Owner Piel Robert J $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/05/2020 08/05/20 Sold $539,900 -1.7% $247 / Sq Ft
06/24/2020 06/24/20 Pending -- -- --
06/21/2020 06/21/20 For Sale $549,000 +18.1% $251 / Sq Ft
08/17/2018 08/17/18 Off Market $465,000 -- --
04/24/2017 04/24/17 Sold $465,000 -6.1% $213 / Sq Ft View Prior Sale
03/12/2017 03/12/17 Pending -- -- --
01/13/2017 01/13/17 For Sale $495,000 -- $226 / 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 $7,188 $537,358 -- --
2024 $7,031 $522,214 -- --
2023 $7,031 $507,004 $0 $0
2022 $7,161 $492,237 $0 $0
2021 $7,184 $477,900 $149,800 $328,100
2020 $6,425 $383,800 $99,700 $284,100
2019 $6,563 $392,600 $107,200 $285,400
2018 $6,553 $390,800 $134,900 $255,900
2017 $6,302 $372,200 $134,900 $237,300
2016 $6,499 $389,800 $122,600 $267,200
2015 $6,029 $364,700 $107,400 $257,300
2014 $5,811 $319,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6110709

Stellar MLS

APN: 0428-05-0008