NOT LISTED FOR SALE

2740 Silver King Way Sarasota, FL 34231

Estimated Value: $401,952 - $483,000

3 Beds
2 Baths
1,748 Sq Ft
$250/Sq Ft Est. Value

Last Sold December 12, 2020

Last sale price $290,000 $166 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $2,568/month

16 Days on Market

Highlights

  • Fruit Trees
  • Deck
  • Garden View
  • Riverview High School Rated A
  • Engineered Wood Flooring
  • Mature Landscaping

About This Home

As of December 2020

Welcome to Gulf Gate! This 3 bedroom 2 full bath gem offers plenty of room in a beautiful neighborhood. Located on a dead end street for privacy, and a short drive away from the destinations Sarasota has to offer. Less than 2 miles to Siesta Key, home of the #1 beach in America! After spending the day at the beach and enjoying the beautiful sunset, stop at one of the many local shops or restaurants right down the street for your dining and entertainment needs. From your spacious, cozy living room, step through the double slider onto your private lanai. The outdoor space here is a dream! Completely fenced in backyard with lots of room for a pool and/or outdoor activities. Yes, all the plants are mature and beautiful. All this conveniently located close to Publix, dining, shopping, Gulf Gate Library, Gulf Gate elementary school and more. Great investment property with flexibility regarding tenant.
It is currently occupied with a month to month lease.

Last Agent to Sell the Property

Jane Beale-Thompson

WHITE SANDS REALTY GROUP FL License #3322998 Listed on: 10/01/2020

WHITE SANDS REALTY GROUP FL

Last Buyer's Agent

Debra Robinson

RE/MAX ALLIANCE GROUP License #0555333

RE/MAX ALLIANCE GROUP

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,880

Year Built

  • Built in 1962

Lot Details

  • 7,750 Sq Ft Lot
  • Property fronts a private road
  • Street terminates at a dead end
  • East Facing Home
  • Wood Fence
  • Mature Landscaping
  • Fruit Trees
  • Property is zoned RSF3

HOA Fees

  • $4 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,748 Sq Ft Home
  • 1-Story Property
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Garden Views

Kitchen

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

Flooring

  • Engineered Wood
  • Terrazzo
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry closet
  • Dryer
  • Washer

Parking

  • Driveway
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Deck
  • Enclosed Patio or Porch
  • Outdoor Storage
  • Rain Gutters
  • Rain Barrels or Cisterns

Schools

  • Gulf Gate Elementary School
  • Brookside Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Community Details

  • Gulf Gate Community
  • Gulf Gate Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,880

Year Built

Built in 1962

Lot Details

0

HOA Fees

$4 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1748
  • Lot Size Acres: 0.18
  • New Construction: No
  • Year Built: 1962
  • Lot Size Sq Ft: 7750
  • Directions to Property: Gulf gate to Glades ways, to Silver King Way
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479498?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479498?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96699
  • Price per Sq Ft: 165.9
  • Close to Original List Price Ratio: 0.96699
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Engineered Hardwood, Terrazzo
  • Full Bathrooms: 2
  • Interior Amenities: Eating Space In Kitchen, Living Room/Dining Room Combo, Solid Wood Cabinets, Split Bedroom
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Drapes, Rods
  • Street Number Modifier: 2740
  • Room Count: 7

Exterior Features

  • Direction Faces: East
  • Exterior Features: Fenced, Rain Barrel/Cistern(s), Rain Gutters, Sidewalk, Sliding Doors, Storage
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End, Private Road
  • View: Garden
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Enclosed, Front Porch, Rear Porch, Screened
  • Road Surface Type: Paved, Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway, Guest, Off Street, Open
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Optional
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 50
  • Monthly HOA Fee: 4.17
  • Total Monthly Fees: 4.17

Schools

  • Elementary School: Gulf Gate Elementary
  • High School: Riverview High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0102060028
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Features: In County, Sidewalk
  • Flood Zone Code: x

Rental Info

  • Pets Allowed: No
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2879.96
  • Tax Block: 22
  • Tax Book Number: 16-6
  • Tax Lot: 18

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 1, 2020
Closed on
Dec 11, 2020
Sold by
Thompson Kevin and Beale Thompson Jane
Bought by
Schmid Erika M and Browne Nicholas A
Seller's Agent
Jane Beale-Thompson
WHITE SANDS REALTY GROUP FL
Buyer's Agent
Debra Robinson
RE/MAX ALLIANCE GROUP
List Price
$299,900
Sold Price
$290,000
Premium/Discount to List
-$9,900
-3.3%
Current Estimated Value
$436,238

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,238
Avg. Annual Appreciation
9.64%
Original Mortgage
$232,000
Outstanding Balance
$207,972
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$241,503

Purchase Details

Closed on
Jun 6, 2016
Sold by
Bogart Anthony and Monroe Katherine
Bought by
Thompson Kevin and Beale Thompson Jane W

Purchase Details

Closed on
Apr 11, 2011
Sold by
Gwinn Daniel B and Gwinn Michele A
Bought by
Bogart Anthony and Monroe Katherine

Purchase Details

Closed on
Nov 24, 2004
Sold by
Rosser Steven H and Rosser Mary K
Bought by
Gwinn Daniel B and Gwinn Michele A

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
5.6%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Schmid Erika M $290,000 Attorney
Thompson Kevin $230,000 None Available
Bogart Anthony $147,250 Integrity Title Services Inc
Gwinn Daniel B $197,500 Desjarlais Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Schmid Erika M $114,000
Open Schmid Erika M $232,000
Previous Owner Gwinn Daniel B $32,000
Previous Owner Gwinn Daniel B $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/12/2020 12/12/20 Sold $290,000 -3.3% $166 / Sq Ft
10/17/2020 10/17/20 Pending -- -- --
10/17/2020 10/17/20 For Sale $299,900 0.0% $172 / Sq Ft
10/01/2020 10/01/20 For Sale $299,900 -- $172 / 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 $2,865 $244,880 -- --
2023 $2,865 $237,748 $0 $0
2022 $2,761 $230,823 $0 $0
2021 $2,765 $224,100 $98,900 $125,200
2020 $3,055 $208,100 $71,300 $136,800
2019 $2,880 $197,300 $83,300 $114,000
2018 $3,015 $209,400 $80,500 $128,900
2017 $2,924 $198,200 $77,700 $120,500
2016 $1,559 $190,300 $67,200 $123,100
2015 $1,582 $152,600 $64,000 $88,600
2014 $1,573 $121,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4479498

Stellar MLS

APN: 0102-06-0028