Seller's Agent in 2023
Barbara May
Michael Saunders
(941) 312-1302
13 in this area
150 Total Sales
3902 Somerset Dr Unit 10 Sarasota, FL 34242
Estimated Value: $1,597,000 - $1,778,000
3
Beds
3.5
Baths
2,758
Sq Ft
$1,509/mo
HOA Fee
Highlights
- Waterfront Community
- Assigned Boat Slip
- Boat Lift
- Phillippi Shores Elementary School Rated A
- Access To Intracoastal Waterway
- Gated Community
About This Home
As of June 2023Fabulous price reduction. You will not get as much space for your guests and grandchildren for this price PLUS impeccable, high-end upgrades throughout most of the home Rarely do these properties come on the market. One of only 11 homes in this desirable North Siesta Key gated enclave of Somerset Cove. Easy access to the mainland AND just 2 blocks to Shell Beach and minutes to Siesta Key Village shops and restaurants. The open floor plan has soaring ceilings and windows with Norwegian wide plank oak floors throughout the living areas and the stairwells. As you walk through the front door there is a feeling of spaciousness and light. The main level features a large foyer; separate living room, dining room and family room; an oversized kitchen with new appliances and a peninsula; one large ensuite bedroom; a powder room and laundry room. The kitchen was totally redesigned by highly respected Cook’s Design Studio who also did the family and living room builtins plus the first level cabinetry. Natural gas lines were brought in to supply the 2 fireplaces and the Wolf range. All new kitchen cabinetry, quartz countertops, Subzero refrigerator and secondary fridge drawers were installed with a seated island open to the family room, living and dining rooms. A two story screened in porch opens off the living room. The first level has a 2 car garage, an oversized finished great room with custom cabinetry throughout, including 2 built in murphy beds and an outdoor patio. The third level features a very large master bedroom with new bathroom, an open loft area with built in desks and the 3rd ensuite guest bedroom. There are too many upgrades to list. An elevator services the 3 levels. To further entice you, there is a private deeded 35 foot boat dock with 10,000 lb lift and water and direct bay access. The community has a heated pool.
Last Agent to Sell the Property
MICHAEL SAUNDERS & COMPANY License #3252897 Listed on: 01/27/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $8,663
Year Built
- Built in 1993
Lot Details
- West Facing Home
- Mature Landscaping
HOA Fees
- $1,509 Monthly HOA Fees
Parking
- 2 Car Attached Garage
- Garage Door Opener
- Driveway
Home Design
- Florida Architecture
- Slab Foundation
- Shingle Roof
- Tile Roof
- Block Exterior
- Stucco
Interior Spaces
- 2,758 Sq Ft Home
- 3-Story Property
- Open Floorplan
- High Ceiling
- Ceiling Fan
- Window Treatments
- Sliding Doors
- Family Room
- Living Room
- Dining Room
- Den
- Bonus Room
- Views of Woods
Kitchen
- Eat-In Kitchen
- Range with Range Hood
- Microwave
- Dishwasher
- Stone Countertops
- Solid Wood Cabinet
Flooring
- Wood
- Carpet
- Travertine
Bedrooms and Bathrooms
- 3 Bedrooms
Laundry
- Laundry Room
- Dryer
- Washer
Outdoor Features
- Access To Intracoastal Waterway
- Access to Saltwater Canal
- Boat Lift
- Assigned Boat Slip
- Covered Patio or Porch
Location
- Flood Zone Lot
Schools
- Phillippi Shores Elementary School
- Brookside Middle School
- Sarasota High School
Utilities
- Central Heating and Cooling System
- Thermostat
- Cable TV Available
Listing and Financial Details
- Visit Down Payment Resource Website
- Tax Lot 10
- Assessor Parcel Number 0078031010
Community Details
Overview
- Association fees include insurance, maintenance structure, ground maintenance, private road, trash
- Argus Management Association, Phone Number (941) 927-6464
- Visit Association Website
- Somerset Cove Community
- Somerset Cove Subdivision
- The community has rules related to deed restrictions
Recreation
- Waterfront Community
- Community Pool
Pet Policy
- Pets up to 100 lbs
- 2 Pets Allowed
Security
- Gated Community
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jan 27, 2023
Closed on
Jun 9, 2023
Sold by
Bonnie And Reid Wettersten Trust
Bought by
Peter K Knights Revocable Trust
Seller's Agent
Barbara May
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Damon Zuchelli
SUNDANCE REAL ESTATE SERVICES
List Price
$2,100,000
Sold Price
$1,725,000
Premium/Discount to List
-$375,000
-17.86%
Views
143
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$48,826
Avg. Annual Appreciation
2.08%
Purchase Details
Listed on
Aug 30, 2012
Closed on
Feb 1, 2013
Sold by
Cuppy Judith V
Bought by
Wettersten Bonnie and Wettersten Reid
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Barbara Mei, PA
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$549,000
Sold Price
$530,000
Premium/Discount to List
-$19,000
-3.46%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.07%
Original Mortgage
$417,000
Interest Rate
3.39%
Mortgage Type
New Conventional
Purchase Details
Closed on
Mar 15, 2001
Sold by
Arch Family Living Tr
Bought by
Cuppy Judith V
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.09%
Purchase Details
Closed on
Nov 27, 1996
Sold by
Arch Martin A and Arch Barbara J
Bought by
Arch Family Living Tr
Purchase Details
Closed on
Oct 29, 1993
Sold by
Fl W Dev Inc
Bought by
Arch Martin A and Arch Barbar J
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,800
Interest Rate
7.03%
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
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Peter K Knights Revocable Trust | $1,725,000 | None Listed On Document | |
| Wettersten Bonnie | $530,000 | Attorney | |
| Cuppy Judith V | $485,000 | -- | |
| Arch Family Living Tr | -- | -- | |
| Arch Martin A | $394,911 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Wettersten Reid | $88,000 | |
| Previous Owner | Wettersten Bonnie | $417,000 | |
| Previous Owner | Cuppy Judith | $250,000 | |
| Previous Owner | Cuppy Judith | $95,500 | |
| Previous Owner | Cuppy Judith V | $160,000 | |
| Previous Owner | Arch Martin A | $315,800 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/12/2023 06/12/23 | Sold | $1,725,000 | -9.2% | $625 / Sq Ft |
| 05/01/2023 05/01/23 | Pending | -- | -- | -- |
| 02/10/2023 02/10/23 | Price Changed | $1,900,000 | -9.5% | $689 / Sq Ft |
| 01/27/2023 01/27/23 | For Sale | $2,100,000 | +296.2% | $761 / Sq Ft |
| 02/01/2013 02/01/13 | Sold | $530,000 | -3.5% | $192 / Sq Ft |
| 11/09/2012 11/09/12 | Pending | -- | -- | -- |
| 08/30/2012 08/30/12 | For Sale | $549,000 | -- | $199 / Sq Ft |
Source: Stellar MLS
Tax History Compared to Growth
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 | $16,369 | $1,417,200 | -- | $1,417,200 |
| 2023 | $16,369 | $1,351,200 | $0 | $1,351,200 |
| 2022 | $8,644 | $719,402 | $0 | $0 |
| 2021 | $8,663 | $698,449 | $0 | $0 |
| 2020 | $8,712 | $688,806 | $0 | $0 |
| 2019 | $8,457 | $673,320 | $0 | $0 |
| 2018 | $8,296 | $660,765 | $0 | $0 |
| 2017 | $8,264 | $647,174 | $0 | $0 |
| 2016 | $8,233 | $778,700 | $0 | $778,700 |
| 2015 | $6,336 | $555,200 | $0 | $555,200 |
| 2014 | $6,313 | $425,400 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Barbara May
-
Fred Sassen
F
Seller Co-Listing Agent in 2023
Fred Sassen
Michael Saunders
(941) 951-6660
8 in this area
87 Total Sales
-
Damon Zuchelli
D
Buyer's Agent in 2023
Damon Zuchelli
SUNDANCE REAL ESTATE SERVICES
(941) 780-6710
1 in this area
49 Total Sales
-
Marlene Marshall
Seller's Agent in 2013
Marlene Marshall
Michael Saunders
(941) 539-8850
41 in this area
48 Total Sales
-
George Marshall
G
Seller Co-Listing Agent in 2013
George Marshall
Michael Saunders
(941) 961-3221
32 in this area
33 Total Sales
-
Barbara Mei, PA
Buyer's Agent in 2013
Barbara Mei, PA
PREMIER SOTHEBY'S INTERNATIONAL REALTY
(941) 893-7417
9 Total Sales
Map
Source: Stellar MLS
MLS Number: A4558801
APN: 0078-03-1010
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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393
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