NOT LISTED FOR SALE

3927 Somerset Dr Unit 8 Sarasota, FL 34242

Estimated Value: $1,922,790 - $2,057,000

3 Beds
3.5 Baths
2,758 Sq Ft
$714/Sq Ft Est. Value

Last Sold July 06, 2022

Last sale price $1,400,000 $508 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $13,056/month

4 Days on Market

Highlights

  • Waterfront Community
  • Access To Intracoastal Waterway
  • Boat Lift
  • Phillippi Shores Elementary School Rated A
  • Boat Slip Deeded
  • Gated Community

About This Home

As of July 2022

Island living at its best! This beautiful condo-house is one of only 11 in exclusive Somerset Cove at the North End of Siesta Key. Enjoy all the breathing room of living in a 2,758 sq ft under air house with the benefit of maintenance free condo living. Somerset Cove borders Coconut Bayou which leads directly to the bay, the Intercoastal and the gulf. Just beyond the community’s pool, your deeded dock with electric, water and a 13,500 lb lift awaits your boat! As you walk through the front door – a feeling of spaciousness and light engulfs you – large foyer; soaring ceilings; a HUGE kitchen with new appliances, a peninsula and an island; one bedroom ensuite; a powder room and laundry room are tucked away. From the living room step out to the tree level screened lanai to enjoy the pond view and the fountain. Upstairs is the master bedroom and the third bedroom, both ensuite and an open den which could be used as either an office or extra sleeping space. Now take the ELEVATOR down to ground level to check out the three car garage and the large bonus room. Another seating area is on the stone patio which runs the width of the property. A gas line feeds the stove top, the fireplace and the barbecue you may want to put on the lanai. This lovely spot is one mile from Siesta Village, 2 blocks to Shell Beach and 10 minutes to downtown. Being sold furnished. Just move in and begin living the dream.

Last Agent to Sell the Property

Lisa Kartz

SARABAY REAL ESTATE INC License #3236783 Listed on: 05/23/2022

SARABAY REAL ESTATE INC

Last Buyer's Agent

Julie Lojacono Mackie

COLDWELL BANKER REALTY License #3451187

COLDWELL BANKER REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $7,852

Year Built

  • Built in 1990

Lot Details

  • Property fronts a private road
  • West Facing Home

HOA Fees

  • $1,207 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Open Parking

Property Views

  • Pond
  • Woods

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,758 Sq Ft Home
  • 2-Story Property
  • Elevator
  • Furnished
  • Crown Molding
  • Cathedral Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Window Treatments
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access To Intracoastal Waterway
  • Sailboat Water Access
  • Access To Bayou
  • Dock has access to water
  • Boat Lift
  • Boat Slip Deeded

Location

  • Flood Insurance May Be Required

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, pest control, pool maintenance
  • 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
  • Rental Restrictions

Recreation

  • Waterfront Community
  • Community Pool

Pet Policy

  • 2 Pets Allowed
  • Large pets allowed

Security

  • Gated Community

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$7,852

Year Built

Built in 1990

Lot Details

0

HOA Fees

$1,207 per month

Parking

3

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Pest Control, Pool Maintenance
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2758
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 4444
  • Directions to Property: SIESTA KEY DRIVE TO HIGEL; ENTRANCE ON YOUR LEFT GATE CODE REQUIRED UNIT BEING SOLD FURNISHED FOR THE CONVENIENCE OF THE SELLER WITH EXCLUSIONS - SEE LIST ATTACHED.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4536228?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4536228?w=Customer
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 507.61
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 315.03
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Elevator, High Ceiling(s), Master Bedroom Upstairs, Solid Wood Cabinets, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Three Or More
  • Spa Yn: No
  • Stories: 2
  • Street Number Modifier: 3927
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Exterior Features: Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Trees/Woods
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View: Pond
  • Water Access: Bayou, Intracoastal Waterway
  • Water Extras: Dock - Slip Deeded On-Site, Dock w/Electric, Dock w/Water Supply, Lift, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Ground Level
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Pool, Water Access, Waterfront
  • Association Fee: 3621
  • Association Fee Frequency: Quarterly
  • Association Name: ARGUS MANAGEMENT
  • Phone: 941-927-6464
  • Association: Yes
  • Senior Community: No
  • Condo Fees Term: Quarterly
  • Association Website: ARGUSMGMT.COM
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 14484
  • Monthly HOA Fee: 1207
  • Total Monthly Fees: 1207

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0078031008
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required
  • Flood Zone Code: AE

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Large (61-100 Lbs.)
  • Minimum Lease: 8-12 Months
  • Approval Process: Please contact Argus Management to confirm all lease restrictions, and buyer approval. argusmgmt.com 941-927-6464
  • Pet Restrictions: Please contact Argus Management to confirm all pet restrictions. argusmgmt.com 941-927-6464
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please contact Argus Management to confirm all lease restrictions, and buyer approval. PLEASE CONFIRM FEES INCLUDED. argusmgmt.com 941-927-6464

Tax Info

  • Tax Annual Amount: 7851.98
  • Tax Book Number: 2196-753
  • Tax Lot: 8

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2025
Sold by
Smith Riley T and Smith Diane V
Bought by
Pierce David A and Pierce Linda H
Current Estimated Value
$1,969,597

Purchase Details

Listed on
May 23, 2022
Closed on
Jul 6, 2022
Sold by
Adams Patrick J
Bought by
Smith Riley T and Smith Diane V
Seller's Agent
Lisa Kartz
SARABAY REAL ESTATE INC
Buyer's Agent
Julie Lojacono Mackie
COLDWELL BANKER REALTY
List Price
$1,400,000
Sold Price
$1,400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.67%
Original Mortgage
$800,000
Interest Rate
4.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 15, 2017
Sold by
Lts Somecove
Bought by
Adams Patrick J

Purchase Details

Closed on
Oct 7, 2015
Sold by
Pittman Stephen James
Bought by
Somcove Ltd

Purchase Details

Closed on
Jul 5, 2004
Sold by
Pittman Valerie Joyce
Bought by
Pittman Stephen James

Purchase Details

Closed on
Nov 7, 1996
Sold by
Kopack John A and Kopack Julie M
Bought by
Pittman Stephen James and Pittman Valerie Joyce
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
Pierce David A $2,000,000 None Listed On Document
Smith Riley T $1,400,000 Ulrich Scarlett Watts & Dean P
Adams Patrick J $675,000 None Available
Somcove Ltd -- Attorney
Pittman Stephen James $390,000 --
Pittman Stephen James $400,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Smith Riley T $800,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2022 07/06/22 Sold $1,400,000 0.0% $508 / Sq Ft
05/28/2022 05/28/22 Pending -- -- --
05/23/2022 05/23/22 For Sale $1,400,000 -- $508 / 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 $13,412 $1,205,930 -- --
2023 $13,412 $1,096,300 $0 $1,096,300
2022 $9,699 $884,400 $0 $884,400
2021 $7,852 $603,900 $0 $603,900
2020 $7,210 $532,400 $0 $532,400
2019 $6,883 $510,700 $0 $510,700
2018 $7,095 $528,500 $0 $528,500
2017 $7,261 $519,600 $0 $519,600
2016 $7,816 $566,000 $0 $566,000
2015 $7,261 $509,300 $0 $509,300
2014 $6,708 $422,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4536228

Stellar MLS

APN: 0078-03-1008