NOT LISTED FOR SALE

402 Rio Terra Venice, FL 34285

Estimated Value: $595,390 - $712,000

2 Beds
2.5 Baths
1,710 Sq Ft
$391/Sq Ft Est. Value

Last Sold May 10, 2023

Last sale price $700,000 $409 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,429/month

Highlights

  • Fitness Center
  • Gated Community
  • Contemporary Architecture
  • Venice Elementary School Rated A
  • Clubhouse
  • Park or Greenbelt View

About This Home

As of May 2023

Welcome to Bellagio, the only gated community on the Island of Venice. Inside this beautiful Rialto II model there are 2 master suites, each with walk-in closets and access to the lanai. One has a garden tub, separate no step shower, and plantation shutters, and the other suite has a roman walk-in shower. There is a den with double door entry which could possibly work as a 3rd bedroom. The spacious great room is 13’ x 23’ and has a conveniently accessible powder room. The open kitchen has newer stainless steel appliances, a large walk-in pantry closet and newer washer & dryer. There are high ceilings and ceramic tile throughout, a tray ceiling in the dining area, and new carpet in the bedrooms. This home is bright and airy with 4 sets of glass sliding doors providing access to the large covered and caged lanai. The 2 car garage has a central vacuuming system, extra storage and a utility sink. Community amenities include large heated pool, clubhouse with large seating area and exercise room, bocce ball court, clay tennis court and 2 pickle ball courts. HOA covers the entry and back gates, landscape maintenance and irrigation services. This meticulously maintained home is move-in ready and has close proximity to the beaches and downtown Venice.

Last Agent to Sell the Property

Jens Reuter-Runyon

COLDWELL BANKER REALTY License #3220118 Listed on: 04/21/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Lueanne Wood

KELLER WILLIAMS ISLAND LIFE REAL ESTATE License #524679

KELLER WILLIAMS ISLAND LIFE REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,193

Year Built

  • Built in 2002

Lot Details

  • 6,156 Sq Ft Lot
  • Northeast Facing Home
  • Irrigation
  • Property is zoned RSF3

HOA Fees

  • $314 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,710 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Sliding Doors
  • Great Room
  • Dining Room
  • Den
  • Park or Greenbelt Views

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • En-Suite Bathroom
  • Walk-In Closet
  • Bathtub With Separate Shower Stall
  • Shower Only
  • Linen Closet In Bathroom

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Outdoor Features

  • Covered Patio or Porch

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include pool, ground maintenance, management, private road, recreational facilities
  • Lisa Martin Association, Phone Number (941) 460-5560
  • Visit Association Website
  • Bellagio At Venice Island Community
  • Bellagio On Venice Island Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts
  • Pickleball Courts
  • Fitness Center
  • Community Pool

Additional Features

  • Clubhouse
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,193

Year Built

Built in 2002

Lot Details

0

HOA Fees

$314 per month

Parking

2

Listing Details

  • HOA Fee Includes: Pool, Maintenance Grounds, Management, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1710
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 2472
  • Lot Size Sq Ft: 6156
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 229.66
  • Escrow State: FL
  • Minimum Lease: 3 Months
  • Number Of Pets: 3
  • RATIO Current Price By Calculate: 409.36
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 0
  • Amenities Additional Fees: Owner shall provide to the Buyer the Sale/Transfer form. Buyer shall submit to the HOA Management Company the required information no less than 7 days prior to the proposed transfer or sale. The form shall be accompanied by a non refundable $25 fee.
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, High Ceilings, Split Bedroom, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Block
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Shutters
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Den/Library/Office
  • Living Area Meters: 158.86

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: No
  • View: Park/Greenbelt
  • Waterfront: No
  • Patio and Porch Features: Covered, Screened
  • Road Surface Type: Asphalt
  • Disclosures: None
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Panel: 12115C0333F

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Public, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, In Kitchen
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Clubhouse, Deed Restrictions, Fitness Center, Pool, Sidewalks, Tennis Courts
  • Association Amenities: Clubhouse, Fitness Center, Gated, Pickleball Court(s), Pool, Tennis Court(s)
  • Association Fee: 941.78
  • Association Fee Frequency: Quarterly
  • Association Name: Lisa Martin
  • Phone: 941-460-5560 x 5
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: 3 dogs, cats allowed. No animals, livestock, or poultry may be raised, bred or kept anywhere within the Property
  • Association Fee Requirement: Required
  • Association Email: lisamartin@mgmt.tv
  • Association URL: https://bellagioflorida.nabrnetwork.com/

Fee Information

  • Total Annual Fees: 3767.12
  • Total Monthly Fees: 313.93
  • Monthly HOA Amount: 313.93

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0430010073
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Number Limit
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: No Owner shall lease less than the entire Lot and Dwelling which he owns or lease such Lot and Dwelling for a period of less than three (3) months or more than four (4) times in any calendar year.

Tax Info

  • Tax Annual Amount: 7193.48
  • Tax Lot: 126

Multi Family

  • Approval Process: Submit Lease application to HOA.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 8, 2024
Sold by
Altreuter Irrevocable Family Trust and Altreuter Roger W
Bought by
Andrew Scott Altreuter Revocable Trust and Altreuter
Current Estimated Value
$669,098

Purchase Details

Listed on
Apr 21, 2023
Closed on
May 10, 2023
Sold by
Riffe Dan and Riffe Andrea
Bought by
Andrew Scott Altreuter Revocable Trust and Altreuter Irrevocable Trust
Seller's Agent
Jens Reuter-Runyon
COLDWELL BANKER REALTY
Buyer's Agent
Lueanne Wood
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
List Price
$700,000
Sold Price
$700,000
Views
3

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.70%

Purchase Details

Listed on
Nov 19, 2020
Closed on
Jan 6, 2021
Sold by
Partak David E and Partak Emil J
Bought by
Mazzu Andrea and Riffe Dan
Seller's Agent
Samantha Allen
AYERS AND ASSOCIATES REAL ESTATE
Buyer's Agent
Jens Reuter-Runyon
COLDWELL BANKER REALTY
List Price
$405,000
Sold Price
$405,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.34%

Purchase Details

Closed on
Mar 2, 2005
Sold by
Partak Emil J
Bought by
Partak Emil J

Purchase Details

Closed on
Nov 5, 2002
Sold by
Venice H G L C
Bought by
Partak Emil J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$198,461
Interest Rate
5.93%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Andrew Scott Altreuter Revocable Trust $100 None Listed On Document
Andrew Scott Altreuter Revocable Trust $700,000 None Listed On Document
Mazzu Andrea $405,000 Integrity Title Services Inc
Partak Emil J -- --
Partak Emil J $248,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Partak Emil J $198,461
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/10/2023 05/10/23 Sold $700,000 0.0% $409 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/21/2023 04/21/23 For Sale $700,000 +72.8% $409 / Sq Ft
01/06/2021 01/06/21 Sold $405,000 -5.8% $237 / Sq Ft View Prior Sale
12/16/2020 12/16/20 Pending -- -- --
11/23/2020 11/23/20 Price Changed $430,000 +6.2% $251 / Sq Ft
11/19/2020 11/19/20 For Sale $405,000 -- $237 / 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
2025 $7,189 $488,300 $228,000 $260,300
2024 $7,740 $517,300 $223,400 $293,900
2023 $7,740 $522,800 $180,900 $341,900
2022 $7,193 $453,700 $155,800 $297,900
2021 $5,876 $357,900 $118,700 $239,200
2020 $4,034 $280,558 $0 $0
2019 $3,902 $274,250 $0 $0
2018 $3,830 $269,136 $0 $0
2017 $3,797 $263,600 $0 $0
2016 $3,657 $321,900 $116,700 $205,200
2015 $3,606 $293,100 $98,300 $194,800
2014 $3,589 $250,589 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6126497

Stellar MLS

APN: 0430-01-0073