NOT LISTED FOR SALE

221 Rio Terra Venice, FL 34285

Estimated Value: $687,358 - $783,000

3 Beds
3 Baths
2,009 Sq Ft
$369/Sq Ft Est. Value

Last Sold December 16, 2021

Last sale price $700,000 $348 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,840/month

18 Days on Market

Highlights

  • Fitness Center
  • Gunite Pool
  • Bamboo Flooring
  • Venice Elementary School Rated A
  • Gated Community
  • Stone Countertops

About This Home

As of December 2021

Welcome to the Bellagio on Venice Island! This highly sought after neighborhood is the only gated community on the entire island. This 3 bed/3bath "courtyard" home features a private pool with newer heat pump. The "Casita" off the courtyard has its own private bathroom and would make the perfect bedroom for your guests. The kitchen was updated 2 years ago with new cabinets, granite counters and stainless steel appliances. Gorgeous bamboo floors throughout most of the home. The crown molding, tray ceilings and plantation shutters simply add to the elegance of the home. Fresh interior paint 2 years ago. AC just 3 years old. The Bellagio on Venice Island is a quaint community of just 142 homes, there is a community heated pool, tennis/pickle ball court and a clubhouse with a gym. The low HOA fees also include ground maintenance and irrigation. Bellagio has convenient access to Venice Beach, Caspersen Beach, and Brohard Paw Park...the only dog beach in the area. The local shops and restaurants of downtown Venice are just a minutes away and the Venetian Waterway Park trail can be accessed right from Rio Terra (without ever leaving the subdivision...just yards away from the house), this connects to the Legacy Trail...a nearly 20 mile bike/walking path that will eventually extend all the way to Payne Park on Fruitville Rd in downtown Sarasota. You simply cannot find a home in this location at this price. Schedule your showing today! In this market, this home won't last long.

Last Agent to Sell the Property

Adam Waxler

UKEEPCOMMISSION REAL ESTATE License #3236326 Listed on: 10/20/2021

Last Buyer's Agent

Adam Waxler

UKEEPCOMMISSION REAL ESTATE License #3236326 Listed on: 10/20/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,811

Year Built

  • Built in 2000

Lot Details

  • 6,146 Sq Ft Lot
  • East Facing Home
  • Irrigation
  • Property is zoned RSF3

HOA Fees

  • $288 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Courtyard Style Home
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,009 Sq Ft Home
  • Crown Molding
  • Tray Ceiling
  • Ceiling Fan
  • Shutters
  • French Doors
  • Hurricane or Storm Shutters
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Bamboo
  • Ceramic Tile

Bedrooms and Bathrooms

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

Outdoor Features

  • Gunite Pool
  • Rain Gutters

Schools

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

Utilities

  • Central Heating and Cooling System
  • Natural Gas Connected
  • Electric Water Heater
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance, recreational facilities
  • Lighthouse Property Management Association, Phone Number (941) 412-1666
  • Bellagio At Venice Island Community
  • Bellagio On Venice Island Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,811

Year Built

Built in 2000

Lot Details

0

HOA Fees

$288 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Courtyard
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2009
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 2000
  • Lot Size Sq Ft: 6146
  • Directions to Property: Do NOT use the entrance on Amora Ave. Your GPS may take you there, but that is a resident only entrance. Instead, use the main entrance on Calle Del Paradiso. At front entrance the gate key pad is on the 1st island where the sign is. The gate stays open plenty long enough if your client is following you. At the round-about stay right on Rio Terra. Follow around to 221…home is on the left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4515591?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4515591?w=Customer
  • 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: 1.00719
  • Price per Sq Ft: 348.43
  • Close to Original List Price Ratio: 1.00719
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Bamboo, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Stone Counters, Tray Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Shutters
  • Street Number Modifier: 221
  • Room Count: 5

Exterior Features

  • Direction Faces: East
  • Pool Features: Gunite, Heated
  • Exterior Features: French Doors, Hurricane Shutters, Irrigation System, Rain Gutters
  • Roof: Concrete, 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
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Gated Community, Pool, Tennis Courts
  • Association Fee: 864
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Management
  • Phone: 941-412-1666
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association Email: emily@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: 0428040022
  • Additional Parcels: No
  • Flood Zone Code: X500
  • Flood Zone Date: 2016-11-04

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 3 Months
  • Approval Process: $25.00 applicant fee for lease
  • Num Timesper Year: 4
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: $25.00 applicant fee for lease

Tax Info

  • Tax Annual Amount: 5811
  • Tax Lot: 52

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2021
Closed on
Dec 16, 2021
Sold by
Buck Michael J and Michael J Buck Living Trust
Bought by
Foster Jeffrey A and Foster Danielle M
Seller's Agent
Adam Waxler
UKEEPCOMMISSION REAL ESTATE
Buyer's Agent
Adam Waxler
UKEEPCOMMISSION REAL ESTATE
List Price
$695,000
Sold Price
$700,000
Premium/Discount to List
$5,000
0.72%
Current Estimated Value
$740,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,590
Avg. Annual Appreciation
1.48%

Purchase Details

Listed on
Jul 29, 2014
Closed on
Feb 19, 2015
Sold by
Fowl William J and Fowl Ruth M
Bought by
Buck Michael J and Michael J Buck Living Trust
Seller's Agent
Bob Linthicum
PREMIER SOTHEBYS INTL REALTY
Buyer's Agent
Gloria Dittler
CENTURY 21 SCHMIDT REAL ESTATE
List Price
$499,900
Sold Price
$445,000
Premium/Discount to List
-$54,900
-10.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.86%

Purchase Details

Listed on
Oct 7, 2011
Closed on
Feb 21, 2012
Sold by
Rogers Suzanne J
Bought by
Fowl William J and Fowl Ruth M
Seller's Agent
Sue Morgan
Buyer's Agent
Wyatt Brown
List Price
$340,000
Sold Price
$340,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.39%

Purchase Details

Closed on
Feb 12, 2008
Sold by
Wager Harold T and Wager Audrey J
Bought by
Rogers Suzanne J and Suzanne J Rogers 2005 Revocable Trust

Purchase Details

Closed on
Apr 7, 2006
Sold by
King Donald J
Bought by
Wager Harold T and Wager Audrey J

Purchase Details

Closed on
Nov 18, 2003
Sold by
King Donald J
Bought by
King Donald J

Purchase Details

Closed on
Sep 16, 2002
Sold by
Anderson Alferd H and Anderson Kathryn L
Bought by
King Donald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,000
Interest Rate
6.3%

Purchase Details

Closed on
Aug 30, 2000
Sold by
Venice H G L C
Bought by
Anderson Alfred H and Anderson Kathryn L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.24%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Foster Jeffrey A $700,000 Mti Title Insurance Agcy Inc
Buck Michael J $445,000 First Intl Title Inc
Fowl William J $340,000 Fidelity National Title Of F
Rogers Suzanne J $400,000 Sunbelt Title Agency
Wager Harold T $480,000 Gold Crest Title Services
King Donald J -- --
King Donald J $330,000 --
Anderson Alfred H $234,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner King Donald J $264,000
Previous Owner Anderson Alfred H $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/16/2021 12/16/21 Sold $700,000 +0.7% $348 / Sq Ft
11/07/2021 11/07/21 Pending -- -- --
10/20/2021 10/20/21 For Sale $695,000 +56.2% $346 / Sq Ft
08/17/2018 08/17/18 Off Market $445,000 -- --
02/19/2015 02/19/15 Sold $445,000 -5.3% $222 / Sq Ft View Prior Sale
01/31/2015 01/31/15 Pending -- -- --
11/30/2014 11/30/14 Price Changed $469,900 -2.1% $234 / Sq Ft
10/09/2014 10/09/14 Price Changed $479,900 -4.0% $239 / Sq Ft
07/29/2014 07/29/14 For Sale $499,900 +47.0% $249 / Sq Ft
02/21/2012 02/21/12 Sold $340,000 0.0% $169 / Sq Ft View Prior Sale
01/24/2012 01/24/12 Pending -- -- --
10/07/2011 10/07/11 For Sale $340,000 -- $169 / 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
2024 $7,461 $546,151 -- --
2023 $7,461 $530,244 $0 $0
2022 $7,526 $514,800 $155,700 $359,100
2021 $6,470 $411,900 $118,600 $293,300
2020 $5,811 $347,100 $90,900 $256,200
2019 $5,846 $349,700 $93,900 $255,800
2018 $6,018 $358,900 $120,600 $238,300
2017 $5,855 $345,800 $120,600 $225,200
2016 $6,071 $364,100 $110,600 $253,500
2015 $4,383 $339,200 $98,300 $240,900
2014 $4,363 $296,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4515591

Stellar MLS

APN: 0428-04-0022