NOT LISTED FOR SALE

222 Rio Terra Venice, FL 34285

Estimated Value: $637,898 - $794,000

3 Beds
2 Baths
1,813 Sq Ft
$402/Sq Ft Est. Value

Last Sold March 29, 2012

Last sale price $345,000 $190 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $4,778/month

31 Days on Market

Highlights

  • Property fronts an intracoastal waterway
  • Fitness Center
  • Gated Community
  • Venice Elementary School Rated A
  • Screened Pool
  • Open Floorplan

About This Home

As of March 2012

Venice Island Living at its Best!! Three large sliding doors open to your pool and lanai for a relaxing time to watch the boats go by on the inter-coastal waterway. Then take a bike ride on the Venice bike path to the beach and downtown. It is a GREAT lifestyle you will enjoy!! This open floor plan features 3 full size bedrooms, freshly painted interior with warm neutral colors, considerable closet space, and quality construction. Bellagio on Venice Island is a pet friendly, gated community that provides tennis, a clubhouse with workout room, heated pool, as well as irrigation and landscape services. Call today to see how enjoyable your future lifestyle can be!!

Last Agent to Sell the Property

Wyatt Brown

License #3102252 Listed on: 01/21/2012

Last Buyer's Agent

Chris Shiparski

HOMESMART License #3160969

HOMESMART

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,022

Year Built

  • Built in 2002

Lot Details

  • 6,528 Sq Ft Lot
  • Property fronts an intracoastal waterway
  • Property fronts a private road
  • Southwest Facing Home
  • Mature Landscaping
  • Irrigation
  • Property is zoned RSF3

HOA Fees

  • $220 Monthly HOA Fees

Parking

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

Home Design

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

Interior Spaces

  • 1,813 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Intracoastal Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Screened Pool
  • Private Pool
  • Spa
  • Fence Around Pool
  • Child Gate Fence

Location

  • City Lot

Schools

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

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Heat Pump System
  • Underground Utilities
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, ground maintenance, manager, private road, recreational facilities
  • Lighthouse Mgmt. Company Association
  • Bellagio At Venice Island Community
  • Bellagio On Venice Island Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Fitness Center

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,022

Year Built

Built in 2002

Lot Details

0

HOA Fees

$220 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Maintenance Grounds, Manager, 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: 0.15
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 2504
  • Lot Size Sq Ft: 6528
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N5772499&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N5772499&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 2797
  • Ratio: Close Price\List Price: 0.94546
  • Price per Sq Ft: 190.29
  • Close to Original List Price Ratio: 0.91029
  • Ratio: Current Price\Building Area Total: 137.78
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Open Floorplan, Solid Wood Cabinets, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Microwave Hood, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Room Count: 6
  • Additional Rooms: Great Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Child Safety Fence, Screen Enclosure
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Intracoastal Waterway
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Street Lights, Underground Utilities
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric, Heat Pump
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Gated Community, Tennis Courts
  • Association Amenities: Fitness Center, Gated, Recreation Facilities, Tennis Court(s)
  • Association Fee: 660
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Mgmt. Company
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 2640
  • Total Monthly Fees: 220

Schools

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

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0428040011
  • Additional Parcels: No
  • Lot Features: City Lot, Sidewalk
  • Millage Rate: 16.35
  • Future Land Use: 0100
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Restrictions: See HOA Documents.
  • Expected Lease Date: 2012-03-29T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 4022
  • Tax Book Number: 0041/0029
  • Tax Lot: 27

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 21, 2012
Closed on
Mar 29, 2012
Sold by
Shortill James and Shortill Kathleen M
Bought by
Alberici Angelo and Alberici Rosemarie
Seller's Agent
Wyatt Brown
Buyer's Agent
Chris Shiparski
HOMESMART
List Price
$345,000
Sold Price
$345,000
Current Estimated Value
$728,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$383,225
Avg. Annual Appreciation
5.58%

Purchase Details

Closed on
Mar 28, 2008
Sold by
Albrizio Paul and Albrizio Susan
Bought by
Shortill James and Shortill Kathleen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$228,000
Interest Rate
5.68%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 11, 2002
Sold by
Venice H G L C
Bought by
Albrizio Paul and Albrizio Susan
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
Alberici Angelo $345,000 Attorney
Shortill James $370,000 Ridelltitle & Escrow Llc
Albrizio Paul $281,200 --
Albrizio Paul $281,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shortill James $228,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2012 03/29/12 Sold $345,000 0.0% $190 / Sq Ft
02/22/2012 02/22/12 Pending -- -- --
01/21/2012 01/21/12 For Sale $345,000 -- $190 / 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 $8,767 $567,500 $269,800 $297,700
2024 $8,284 $574,992 -- --
2023 $8,284 $576,300 $198,700 $377,600
2022 $7,681 $498,600 $180,300 $318,300
2021 $7,092 $432,000 $165,300 $266,700
2020 $6,633 $396,200 $161,500 $234,700
2019 $6,204 $371,100 $136,200 $234,900
2018 $6,144 $366,400 $155,300 $211,100
2017 $6,164 $364,000 $155,300 $208,700
2016 $6,051 $362,900 $134,500 $228,400
2015 $5,697 $344,600 $129,900 $214,700
2014 $5,481 $299,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N5775392

Stellar MLS

APN: 0428-04-0011