NOT LISTED FOR SALE

3947 Somerset Dr Sarasota, FL 34242

Estimated Value: $1,331,000 - $1,843,142

3 Beds
3.5 Baths
2,758 Sq Ft
$596/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $796,250 $289 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $11,197/month

237 Days on Market

Highlights

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

About This Home

As of August 2018

PRICE REDUCTION!!! ABSOLUTELY FABULOUS SINGLE FAMILY HOME - MINUTES TO SIESTA VILLAGE AND BEACH! This 2758 square foot, 3 bedroom, 3 ½ bath unit is ideal for boating and beach-going. DIRECT ACCESS TO THE BAY, ICW AND GULF FROM YOUR DEEDED 40’ BOAT SLIP with electric and water. 2 Blocks walk to SHELL BEACH and minutes bike ride to SIESTA VILLAGE OR BEACH. Volume ceilings, abundant windows and sliding glass doors give this unit a very spacious, light and bright feel. Hi-end finishes include PRIVATE ELEVATOR, coastal wood flooring, crown molding, wood cabinets, stainless appliances, and more. The large living room has custom built-in features and opens to a lovely screened lanai for grilling. The gourmet kitchen with wood cabinets and stainless adjoins the sitting room/breakfast nook - the ideal spot for relaxing and conversing before/after meals. The spacious dining area with wet bar and wine refrigerator opens to the living room for easy entertaining. Large master suite with abundant closets and bath, 2 guest En-suites and a spacious loft area for additional sleeping/den/office space make this an ideal family home or guest retreat. The downstairs fitness area and additional space for office and/or storage open to the outdoor patio with luscious garden-like grounds just beyond. An OVERSIZED 3 CAR GARAGE completes this incredible home. Somerset Cove is a gated enclave of just 11 residences. This is a truly superior home in a great location. You will love the MAINTENANCE FREE lifestyle!!!

Last Agent to Sell the Property

Robert Ruiz

WILLIAM RAVEIS REAL ESTATE License #3011084 Listed on: 11/20/2017

WILLIAM RAVEIS REAL ESTATE

Last Buyer's Agent

Beth Pheney

FINE PROPERTIES License #0563969

FINE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,013

Year Built

  • Built in 1993

Lot Details

  • Property fronts a private road
  • Mature Landscaping

HOA Fees

  • $1,134 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,758 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Breakfast Room
  • Bonus Room
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Gunite Pool
  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • No Fixed Bridges
  • Dock has access to water
  • Boat Slip Deeded
  • Deck
  • Covered Patio or Porch

Schools

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, insurance, maintenance structure, ground maintenance, manager, private road, security
  • Argus Management Association
  • Somerset Cove Community
  • Somerset Cove Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Community Boat Slip
  • Waterfront Community
  • Community Pool

Additional Features

  • Gated Community
  • Elevator

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,013

Year Built

Built in 1993

Lot Details

0

HOA Fees

$1,134 per month

Parking

3

Listing Details

  • HOA Fee Includes: Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Private Road, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2758
  • New Construction: No
  • Year Built: 1993
  • Building Area Total: 4444
  • Directions to Property: Siesta Drive to Higel. Somerset Cove is on the left. Street number is at the front of the unit.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4201541&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4201541&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.96049
  • Price per Sq Ft: 288.71
  • Close to Original List Price Ratio: 0.89567
  • Ratio: Current Price\Building Area Total: 179.17
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Elevator, High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Wet Bar
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: Two, Three Or More
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 3947
  • Room Count: 6
  • Additional Rooms: Bonus Room, Breakfast Room Separate, Great Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Gunite
  • Exterior Features: Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • Road Frontage Type: Private Road
  • Water Body Name: Coconut Bayou
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Water Access: Bay/Harbor, Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges, Dock - Slip Deeded On-Site, Dock w/Electric, Dock w/Water Supply, Sailboat Water
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0141F

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public
  • 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 Complex
  • Association Amenities: Boat Slip, Gated, Maintenance
  • Association Fee: 3403
  • Association Fee Frequency: Quarterly
  • Association Name: Argus Management
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 13612
  • Monthly HOA Fee: 1134.33
  • Total Monthly Fees: 1134.33

Schools

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

Lot Info

  • Parcel Number: 0078031006
  • Additional Parcels: No
  • Lot Features: In County
  • Millage Rate: 12.94
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 50
  • Minimum Lease: 8-12 Months
  • Approval Process: Application
  • Num Timesper Year: 1
  • Pet Restrictions: Owners only.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Rules and Regulations

Tax Info

  • Tax Annual Amount: 8013
  • Tax Book Number: 2196-753
  • Tax Lot: 3947

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2017
Closed on
Aug 17, 2018
Sold by
Hara Mark O
Bought by
Ruiz Anthony M and Ruiz Nicole M
Seller's Agent
Robert Ruiz
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Beth Pheney
FINE PROPERTIES
List Price
$849,000
Sold Price
$796,250
Premium/Discount to List
-$52,750
-6.21%
Current Estimated Value
$1,643,286

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$847,036
Avg. Annual Appreciation
11.44%
Original Mortgage
$636,250
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 26, 2012
Sold by
The Northern Trust Company
Bought by
Ohara Mark and The Mark Ohara Living Trust

Purchase Details

Closed on
Dec 19, 2011
Sold by
Hollander M Larry
Bought by
The Northern Trust Company

Purchase Details

Closed on
Jun 15, 2001
Sold by
Chadfield Robert W
Bought by
Hollander M Larry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$428,000
Interest Rate
7.11%

Purchase Details

Closed on
Sep 10, 1993
Sold by
Fl W Dev Inc
Bought by
Chadfield Robert W and Chadfield Donna Kay
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
Ruiz Anthony M $796,250 Attorney
Ohara Mark $476,300 National Settlement & Title
The Northern Trust Company $350,100 None Available
Hollander M Larry $535,000 --
Chadfield Robert W $439,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ruiz Anthony M $548,250
Closed Ruiz Anthony M $636,250
Previous Owner Hollander Marvin L $560,000
Previous Owner Hollander M Larry $350,000
Previous Owner Hollander M Larry $428,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $796,250 -4.0% $289 / Sq Ft
07/16/2018 07/16/18 Pending -- -- --
05/30/2018 05/30/18 Price Changed $829,000 -2.4% $301 / Sq Ft
05/11/2018 05/11/18 For Sale $849,000 0.0% $308 / Sq Ft
04/30/2018 04/30/18 Pending -- -- --
02/25/2018 02/25/18 Price Changed $849,000 -3.4% $308 / Sq Ft
02/09/2018 02/09/18 Price Changed $879,000 -1.1% $319 / Sq Ft
11/20/2017 11/20/17 For Sale $889,000 -- $322 / 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 $13,519 $1,176,466 -- --
2023 $13,519 $1,142,200 $0 $1,142,200
2022 $10,657 $962,000 $0 $962,000
2021 $8,690 $664,400 $0 $664,400
2020 $8,186 $610,600 $0 $610,600
2019 $8,467 $638,100 $0 $638,100
2018 $8,212 $618,100 $0 $618,100
2017 $8,014 $591,700 $0 $591,700
2016 $8,288 $632,400 $0 $632,400
2015 $7,982 $600,900 $0 $600,900
2014 $7,090 $422,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Robert Ruiz

    WILLIAM RAVEIS REAL ESTATE

    (941) 894-1255

    31 in this area

    65 Total Sales

    Robert Ruiz
    Section Image

  • B

    Buyer's Agent in 2018

    Beth Pheney

    FINE PROPERTIES

    (941) 345-5636

    1 in this area

    20 Total Sales

    Beth Pheney
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4201541

Stellar MLS

APN: 0078-03-1006

Florida Sarasota County Sarasota 34242

3947 Somerset Dr, Sarasota, FL

This home is located at 3947 Somerset Dr, Sarasota, FL 34242 since 20 November 2017 and is currently estimated at $1,643,286, approximately $595 per square foot. This property was built in 1993. 3947 Somerset Dr is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

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.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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