NOT LISTED FOR SALE

Estimated Value: $424,000 - $526,808

5 Beds
3.5 Baths
2,674 Sq Ft
$172/Sq Ft Est. Value

Last Sold December 29, 2023

Last sale price $479,000 $179 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $3,216/month

64 Days on Market

Highlights

  • Lake Front
  • Pond View
  • Vaulted Ceiling
  • Gated Community
  • Pond
  • Traditional Architecture

About This Home

As of December 2023

Beautifully appointed 5 bedroom 3.5 bath family home, located in Magnolia Lakes a gated community in Gateway. This home features cathedral ceilings, tile floors, open floor plan with a downstairs owners suite with 2 walk-in closets, 2022 hot water tank, tile roof 2019, 3 car garage, extra large scene lanai with a view of the water, newer carpet in the upstairs bedrooms, brick paved driveway and walkways around the house and comes turnkey. Gateway has a wonderful community pool, dog park, soccer field and for the golfer there is The Club at Gateway. Close to the SW Florida International airport, Jet Blue Park, shopping and restaurants. Make your appointment today.

Last Agent to Sell the Property

Sandy Talaga

Berkshire Hathaway Florida License #258022718 Listed on: 10/25/2023

Berkshire Hathaway Florida

Last Buyer's Agent

Donna Marcotte

Premier Sotheby's Int'l Realty License #625230

Premier Sotheby's Int'l Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,593

Year Built

  • Built in 2006

Lot Details

  • 9,801 Sq Ft Lot
  • Lot Dimensions are 80 x 125 x 80 x 125
  • Lake Front
  • Property fronts a private road
  • South Facing Home
  • Sprinkler System
  • Property is zoned PUD

HOA Fees

  • $310 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Traditional Architecture
  • Entry on the 1st floor
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,674 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Shutters
  • Double Hung Windows
  • Sliding Windows
  • Formal Dining Room
  • Pond Views

Kitchen

  • Self-Cleaning Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • Dual Sinks
  • Hydromassage or Jetted Bathtub
  • Separate Shower

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Security Gate
  • Fire and Smoke Detector

Outdoor Features

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

Schools

  • Gateway Elementary School

Utilities

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

Listing and Financial Details

  • Tax Lot 72
  • Assessor Parcel Number 05-45-26-08-00000.0720

Community Details

Overview

  • Association fees include management, cable TV, insurance, irrigation water, legal/accounting, ground maintenance, pest control, reserve fund, road maintenance, street lights
  • Association Phone (239) 309-0622
  • Magnolia Lakes Subdivision

Recreation

  • Community Playground
  • Community Pool
  • Park
  • Dog Park

Security

  • Card or Code Access
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,593

Year Built

Built in 2006

Lot Details

0

HOA Fees

$310 per month

Parking

3

Listing Details

  • Property Sub Type: Single Family Residence
  • Prop. Type: Residential
  • Lot Size Acres: 0.225
  • Lot Size: 80 x 125 x 80 x 125
  • Road Frontage Type: Private Road
  • Road Surface Type: Paved
  • Ownership: Single Family
  • Subdivision Name: MAGNOLIA LAKES
  • Directions: Gateway Blvd turn right on Griffin Dr (round about construction at Griffin) to Magnolia Lakes, Through gate to your right. Off 80 to Griffin Dr to Magnolia Lakes.
  • Architectural Style: Two Story, Traditional
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: Yes
  • Unit Levels: Two
  • Building Stories: 2
  • Year Built: 2006
  • ResoBuildingAreaSource: Appraiser
  • Property Sub Type Additional: Single Family Residence
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Self Cleaning Oven, Washer
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Total Bedrooms: 5
  • Flooring: Carpet, Tile
  • Interior Amenities: Bathtub, Separate/Formal Dining Room, Dual Sinks, Jetted Tub, Kitchen Island, Main Level Primary, Pantry, Separate Shower, Cable TV, Vaulted Ceiling(s), Walk-In Closet(s), High Speed Internet
  • Living Area: 2674.0
  • Stories: 2
  • Window Features: Double Hung, Sliding, Window Coverings
  • ResoLivingAreaSource: Appraiser

Exterior Features

  • Lot Features: Other, Pond, Sprinklers Automatic
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped, Pond, Water
  • View: Yes
  • Waterfront Features: Lake
  • Waterfront: Yes
  • Disclosures: Deed Restriction, RV Restriction(s), Seller Disclosure
  • Construction Type: Block, Concrete, Stucco
  • Direction Faces: South
  • Exterior Features: Sprinkler/Irrigation, 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, Driveway, Garage, Paved, Two Spaces, Garage Door Opener

Utilities

  • Laundry Features: Inside, Laundry Tub
  • Security: Security Gate, Gated Community, Key Card Entry, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, Street Lights
  • Amenities: Dog Park, Playground, Park, Pool
  • Association #2 Fee: 310.0
  • Association #2 Fee Frequency: Monthly
  • Phone: 239-309-0622
  • Association: Yes
  • Pets Allowed: Call, Conditional

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Insurance, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Reserve Fund, Road Maintenance, Street Lights

Schools

  • Elementary School: GATEWAY ELEMENTARY

Lot Info

  • Parcel #: 05-45-26-08-00000.0720
  • Zoning Description: PUD
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 116

Tax Info

  • Tax Annual Amount: 5592.59
  • Tax Lot: 72
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 25, 2023
Closed on
Dec 29, 2023
Sold by
Davis Michael C
Bought by
Andrew Somerville And Megan Somerville Revoca and Somerville
Seller's Agent
Sandy Talaga
Berkshire Hathaway Florida
Buyer's Agent
Donna Marcotte
Premier Sotheby's Int'l Realty
List Price
$499,999
Sold Price
$479,000
Premium/Discount to List
-$20,999
-4.2%
Views
56
Current Estimated Value
$460,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$18,298
Avg. Annual Appreciation
-2.11%
Original Mortgage
$430,200
Outstanding Balance
$422,767
Interest Rate
7.29%
Mortgage Type
New Conventional
Estimated Equity
$37,935

Purchase Details

Closed on
Mar 22, 2011
Sold by
Bank Of America National Association
Bought by
Davis Michael and Davis Bonita

Purchase Details

Closed on
Feb 2, 2010
Sold by
Buell Eugene and Buell Herminia
Bought by
Bank Of America National Association

Purchase Details

Closed on
Aug 4, 2006
Sold by
Beazer Homes Corp
Bought by
Buell Eugene and Buell Herminia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$357,975
Interest Rate
6.87%
Mortgage Type
Unknown
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
Andrew Somerville And Megan Somerville Revoca $479,000 Fidelity National Title Of Flo
Davis Michael $171,500 Attorney
Bank Of America National Association $358,000 Attorney
Buell Eugene $447,500 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Andrew Somerville And Megan Somerville Revoca $430,200
Previous Owner Buell Eugene $357,975
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/29/2023 12/29/23 Sold $479,000 -4.1% $179 / Sq Ft
12/29/2023 12/29/23 Pending -- -- --
11/18/2023 11/18/23 Price Changed $499,499 -0.1% $187 / Sq Ft
10/25/2023 10/25/23 For Sale $499,999 -- $187 / 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 $5,882 $376,394 -- --
2024 $5,882 $365,786 -- --
2023 $6,491 $322,735 $0 $0
2022 $5,593 $293,395 $0 $0
2021 $4,780 $266,723 $72,960 $193,763
2020 $4,734 $256,767 $71,600 $185,167
2019 $4,549 $247,078 $70,950 $176,128
2018 $4,931 $250,338 $70,950 $179,388
2017 $4,718 $242,264 $62,500 $179,764
2016 $4,451 $232,957 $62,500 $170,457
2015 $4,257 $226,711 $60,000 $166,711
2014 $3,730 $199,783 $45,000 $154,783
2013 -- $155,198 $38,500 $116,698
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223067405

Florida Gulf Coast Multiple Listing Service

APN: 05-45-26-08-00000.0720