NOT LISTED FOR SALE

Estimated Value: $518,000 - $601,045

5 Beds
3.5 Baths
3,256 Sq Ft
$173/Sq Ft Est. Value

Last Sold January 21, 2022

Last sale price $530,000 $163 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $3,908/month

38 Days on Market

Highlights

  • Lake Front
  • Gated Community
  • Pond
  • Concrete Pool
  • Fruit Trees
  • Main Floor Bedroom

About This Home

As of January 2022

Must see this well maintained and move in ready lakefront home on an oversize lot. Priced below appraised value completed in August!! The updated kitchen features granite countertops, SS appliances and soft close wood cabinetry. The "second kitchen" in the garage is perfect for hosting gatherings. First floor has tile throughout and carpet upstairs. Tons of closet space. The first floor boasts two bedrooms with a Jack & Jill bathroom and powder room. The upper level offers a family room, two other bedrooms with a Jack & Jill bathroom, Owner's Suite and balcony. The Owner's Suite overlooks the lake, has a large walk in closet, includes a soaking tub and dual vanities. The outdoor oasis offers a tropical setting with fruit trees and the most beautiful western sunsets along the lake. Both A/C systems were replaced this year. Gateway amenities include a pool, dog park, park, walking trails and soccer complex. Gateway Golf & Country Club offers optional golf and social memberships that include tennis, a fitness center and dining and at unbelieve rates as a Gateway resident. Close to schools, RSW International Airport, shopping, dining and much more!

Last Agent to Sell the Property

Rachael Guertin

RE/MAX Nautical Realty License #258021902 Listed on: 12/11/2021

RE/MAX Nautical Realty

Last Buyer's Agent

Paula Hellenbrand

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,154

Year Built

  • Built in 2006

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 111 x 140 x 62 x 140
  • Lake Front
  • Southeast Facing Home
  • Oversized Lot
  • Irregular Lot
  • Fruit Trees
  • Property is zoned PUD

HOA Fees

  • $286 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Home Design

  • Entry on the 2nd floor
  • Wood Frame Construction
  • Tile Roof
  • Stucco

Interior Spaces

  • 3,256 Sq Ft Home
  • 2-Story Property
  • Shutters
  • Single Hung Windows
  • Formal Dining Room
  • Lake Views
  • Security Gate

Kitchen

  • Breakfast Bar
  • Range
  • Microwave
  • Freezer
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Main Floor Bedroom
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Dual Sinks
  • Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Pond
  • Balcony
  • Screened Patio
  • Outdoor Water Feature
  • Porch

Utilities

  • Central Heating and Cooling System
  • Water Purifier
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 89
  • Assessor Parcel Number 05-45-26-08-00000.0890

Community Details

Overview

  • Association fees include management, cable TV, internet, irrigation water, legal/accounting, ground maintenance, recreation facilities, road maintenance, street lights, security
  • Association Phone (239) 454-1101
  • Magnolia Lakes Subdivision

Recreation

  • Community Pool
  • Park
  • Dog Park

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,154

Year Built

Built in 2006

Lot Details

0

HOA Fees

$286 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.267
  • Lot Size: 111 x 140 x 62 x 140
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: MAGNOLIA LAKES
  • Directions: From Gateway Blvd, head east on Griffin and Magnolia Lakes will be on your right before you get to the High School. Once through the gate, take a right and the property will be on your left hand side as you turn around the back side of the lake.
  • Architectural Style: Two Story
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2006
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Freezer, Disposal, Microwave, Range, Refrigerator, Water Purifier, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Carpet, Tile
  • Interior Amenities: Breakfast Bar, Bedroom on Main Level, Bathtub, Separate/Formal Dining Room, Dual Sinks, High Speed Internet, Kitchen Island, Pantry, Separate Shower, Cable TV, Upper Level Master, Split Bedrooms
  • Living Area: 3256.0
  • Stories: 2
  • Window Features: Single Hung
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Irregular Lot, Oversized Lot, Pond
  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Community
  • Pool Private: Yes
  • View: Lake, Water
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Disclosures: RV Restriction(s)
  • Construction Type: Block, Concrete, Stucco, Wood Frame
  • Direction Faces: Southeast
  • Exterior Features: Fruit Trees, Shutters Manual, Water Feature
  • Patio And Porch Features: Balcony, Porch, Screened
  • Property Condition: Resale
  • Roof: Tile

Garage/Parking

  • Attached Garage: Yes
  • Covered Parking Spaces: 3.0
  • Garage Spaces: 3.0
  • Parking Features: Attached, Garage, Garage Door Opener

Utilities

  • Laundry Features: Inside
  • Security: Security Gate, Gated Community
  • Cooling: Central Air, Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated
  • Amenities: Dog Park, Park, Pool
  • Association #2 Fee: 286.0
  • Association #2 Fee Frequency: Monthly
  • Phone: 239-454-1101
  • Association: Yes
  • Pets Allowed: Call, Conditional

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Internet, Irrigation Water, Legal/Accounting, Maintenance Grounds, Recreation Facilities, Road Maintenance, Street Lights, Security

Lot Info

  • Parcel #: 05-45-26-08-00000.0890
  • Zoning Description: PUD
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 1

Tax Info

  • Tax Annual Amount: 4154.0
  • Tax Lot: 89
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 11, 2021
Closed on
Jan 21, 2022
Sold by
Dominik Daniel R and Dominik Rose Y
Bought by
Wiley Kenneth and Leccesse Michelle Lynn
Seller's Agent
Rachael Guertin
RE/MAX Nautical Realty
Buyer's Agent
Paula Hellenbrand
List Price
$524,000
Sold Price
$530,000
Premium/Discount to List
$6,000
1.15%
Current Estimated Value
$562,261

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$32,261
Avg. Annual Appreciation
1.58%
Original Mortgage
$477,000
Outstanding Balance
$440,244
Interest Rate
3.22%
Mortgage Type
New Conventional
Estimated Equity
$122,017

Purchase Details

Listed on
Mar 16, 2021
Closed on
Aug 12, 2021
Sold by
Sareen Rajan K and Sareen Chanchal
Bought by
Dominik Daniel R and Dominik Rose Y
Seller's Agent
Chanchal Sareen
Nautical Realty Group Inc
Buyer's Agent
Rachael Okerstrom
List Price
$449,328
Sold Price
$475,000
Premium/Discount to List
$25,672
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.27%
Original Mortgage
$356,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 16, 2021
Closed on
Jun 18, 2021
Sold by
Gronewald Klaus
Bought by
Steinruck Robert and Steinruck Linda M
Seller's Agent
Chanchal Sareen
Nautical Realty Group Inc
Buyer's Agent
Rachael Okerstrom
List Price
$449,328
Sold Price
$475,000
Premium/Discount to List
$25,672
5.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 9, 2012
Sold by
Ssmg Llc
Bought by
Sareen Rajan K and Sareen Chanchal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$282,200
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 20, 2009
Sold by
Sareen Rajan and Sareen Chanchal
Bought by
Ssmg Llc

Purchase Details

Closed on
May 10, 2006
Sold by
Beazer Homes Corp
Bought by
Sareen Rajan K and Sareen Chanchal

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.39%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

Range of Values:

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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
Wiley Kenneth $530,000 Title Professionals
Dominik Daniel R $475,000 Title Junction Llc
Steinruck Robert $37,500 Title Junction Llc
Sareen Rajan K $281,600 Attorney
Ssmg Llc -- None Available
Sareen Rajan K $577,400 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wiley Kenneth $477,000
Previous Owner Dominik Daniel R $356,250
Previous Owner Sareen Rajan K $282,200
Previous Owner Sareen Rajan K $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/21/2022 01/21/22 Sold $530,000 +1.1% $163 / Sq Ft
01/19/2022 01/19/22 Pending -- -- --
12/11/2021 12/11/21 For Sale $524,000 +10.3% $161 / Sq Ft
08/12/2021 08/12/21 Sold $475,000 +5.7% $146 / Sq Ft View Prior Sale
07/13/2021 07/13/21 Pending -- -- --
03/16/2021 03/16/21 For Sale $449,328 -- $138 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $8,080 $466,325 $94,114 $340,383
2024 $7,708 $529,768 -- --
2023 $7,708 $514,338 $219,879 $280,678
2022 $7,295 $450,861 $174,536 $276,325
2021 $4,126 $319,068 $72,960 $246,108
2020 $4,154 $247,087 $0 $0
2019 $4,026 $241,532 $0 $0
2018 $4,282 $237,028 $0 $0
2017 $4,199 $232,153 $0 $0
2016 $4,092 $293,471 $62,500 $230,971
2015 $4,073 $282,600 $60,000 $222,600
2014 -- $259,501 $45,000 $214,501
2013 -- $207,280 $38,500 $168,780
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 221085921

Florida Gulf Coast Multiple Listing Service

APN: 05-45-26-08-00000.0890