NOT LISTED FOR SALE

3603 N Point Rd Unit 601 Osprey, FL 34229

Vamo Neighborhood

Estimated Value: $834,219 - $1,310,000

3 Beds
3 Baths
2,680 Sq Ft
$767/mo HOA Fee

Last Sold January 15, 2014

Last sale price $537,000 $200 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $6,626/month

786 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Oak Trees
  • Heated Indoor Pool
  • Riverview High School Rated A
  • Intracoastal View
  • Newly Remodeled

About This Home

As of January 2014

INVESTMENT OPPORTUNITY YIELDS 4% net cash on cash plus appreciation! Beat the price increases for rental income now, move in later! Elegant, Sarasota Bay hideaway provides income while you enjoy membership privileges in The Oaks Club. (Click the Virtual Tour Link.) Spectacular panoramic views of the Intracoastal Waterway and Gulf of Mexico, and the Preserve abound in this sixth level end unit. Every room has a view! The richly appointed chocolate cabinetry and ebony granite kitchen provides an entertainment nucleus incorporating the spectacular daytime views and sunsets. Completed in 2007, the newest and last of the Meridian towers provides complete luxury living within the home. Three generous bedroom suites. State-of-the-art fitness center, pool and outdoor spa are include at the foot of the building. The unlimited privileges of Oaks Club membership accompany any acquistion in The Oaks. Two championship golf courses, twelve Har-Tru tennis courts and teaching professionals accompany the top country club in Sarasota. The Oaks offers casual to fine dining in three gorgeous restaurants in the majestic clubhouse, many special events in the classic ballroom. This million dollar lifestyle is now offered at a fraction of the original cost. Furniture package available separately. Just bring a toothbrush, all the rest is here!

Last Agent to Sell the Property

Peter Wolff, PA

License #3032553 Listed on: 09/19/2011

Last Buyer's Agent

David Lehrman

THE SARASOTA REAL ESTATE COMP. License #0591458

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,722

Year Built

  • Built in 2007 | Newly Remodeled

Lot Details

  • 100 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Property fronts a private road
  • Near Conservation Area
  • End Unit
  • Street terminates at a dead end
  • Mature Landscaping
  • Irrigation
  • Oak Trees

HOA Fees

  • $767 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Guest Parking
  • Open Parking
  • Assigned Parking

Property Views

  • Intracoastal
  • Full Gulf or Ocean
  • Woods
  • Park or Greenbelt

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Stucco

Interior Spaces

  • 2,680 Sq Ft Home
  • Blinds
  • Combination Dining and Living Room
  • Storage Room
  • Security System Owned

Kitchen

  • Built-In Oven
  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, electricity, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, private road, recreational facilities, security, sewer, trash, water
  • The Oaks Community
  • Meridian At The Oaks Preserve Subdivision
  • 8-Story Property

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,722

Year Built

Built in 2007 | Newly Remodeled

Lot Details

0

HOA Fees

$767 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Electricity, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Other, Stucco
  • Fireplace: No
  • Living Area: 2680
  • New Construction: Yes
  • Year Built: 2007
  • Building Area Total: 2968
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3948955&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3948955&cview=true&show_results=true&customer_portal=true
  • Floor Number: 6
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 8206
  • Property Description: Corner Unit, End Unit
  • Ratio: Close Price\List Price: 0.89657
  • Price per Sq Ft: 200.37
  • Close to Original List Price Ratio: 0.77266
  • Ratio: Current Price\Building Area Total: 180.93
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2012
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Elevator, Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Stories: 8
  • Window Features: Blinds, Window Treatments
  • Room Count: 7
  • Additional Rooms: Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Other Structures: Outdoor Kitchen, Storage
  • Pool Features: Heated, Indoor, Salt Water
  • Exterior Features: Balcony, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Storage
  • Roof: Membrane
  • Pool Private: Yes
  • Road Frontage Type: Street Dead-End, Private Road
  • View: Greenbelt, Trees/Woods, Water
  • Water Body Name: Intracoastal Waterway
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Water View: Gulf/Ocean - Full, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 100

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Assigned, Garage Door Opener, Guest
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

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

Condo/Co-op/Association

  • Association Fee: 2300
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Security System Owned
  • Association Fee Requirement: Required
  • Montly Maint Amt Addition To H O A: 194

Fee Information

  • Total Annual Fees: 11528
  • Total Monthly Fees: 960.67

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Parcel Number: 0133051512
  • Additional Parcels: No
  • Lot Features: Conservation Area
  • Millage Rate: 13.55
  • Future Land Use: 0405
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 30
  • Pet Restrictions: County Ordnance applies
  • Expected Lease Date: 2014-01-15T05:00:00.000Z

Tax Info

  • Tax Annual Amount: 5722
  • Tax Lot: 601

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2011
Closed on
Jan 15, 2014
Sold by
Heiman Ralph S and Heiman Michele K
Bought by
Webster G Steven
Seller's Agent
Peter Wolff, PA
Buyer's Agent
David Lehrman
THE SARASOTA REAL ESTATE COMP.
List Price
$599,450
Sold Price
$537,000
Premium/Discount to List
-$62,450
-10.42%
Current Estimated Value
$1,009,805

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$472,805
Avg. Annual Appreciation
5.50%

Purchase Details

Closed on
Mar 13, 2007
Sold by
Oaks Meridian Ltd
Bought by
Heiman Ralph S and Heiman Michele K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Webster G Steven $537,000 Attorney
Heiman Ralph S $815,000 Multiple
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Heiman Ralph S $415,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $537,000 -10.3% $200 / Sq Ft
11/14/2013 11/14/13 Pending -- -- --
09/17/2013 09/17/13 Price Changed $598,950 0.0% $223 / Sq Ft
09/10/2013 09/10/13 Price Changed $598,960 0.0% $223 / Sq Ft
08/13/2013 08/13/13 Price Changed $598,965 0.0% $223 / Sq Ft
08/11/2013 08/11/13 Price Changed $598,970 0.0% $223 / Sq Ft
06/27/2013 06/27/13 Price Changed $598,975 0.0% $223 / Sq Ft
02/08/2013 02/08/13 Price Changed $599,000 0.0% $224 / Sq Ft
12/28/2012 12/28/12 Price Changed $599,299 0.0% $224 / Sq Ft
12/01/2012 12/01/12 Price Changed $599,399 0.0% $224 / Sq Ft
09/19/2011 09/19/11 For Sale $599,450 -- $224 / 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 $6,579 $558,556 -- --
2023 $6,579 $542,287 $0 $0
2022 $0 $526,492 $0 $0
2021 $6,378 $511,157 $0 $0
2020 $6,405 $504,100 $0 $504,100
2019 $6,431 $510,700 $0 $510,700
2018 $6,641 $528,333 $0 $0
2017 $6,615 $517,466 $0 $0
2016 $6,624 $535,100 $0 $535,100
2015 $6,744 $503,300 $0 $503,300
2014 $6,796 $425,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2014

    Peter Wolff, PA

    Section Image
  • David Lehrman

    Buyer's Agent in 2014

    David Lehrman

    THE SARASOTA REAL ESTATE COMP.

    (941) 321-5595

    1 in this area

    31 Total Sales

    David Lehrman
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A3948955

Stellar MLS

APN: 0133-05-1512

Florida Sarasota County Osprey 34229 Vamo

3603 N Point Rd Unit 601, Osprey, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



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