NOT LISTED FOR SALE

405 Rio Terra Venice, FL 34285

Estimated Value: $617,004 - $715,000

2 Beds
2.5 Baths
1,737 Sq Ft
$383/Sq Ft Est. Value

Last Sold March 11, 2020

Last sale price $425,000 $245 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $4,248/month

92 Days on Market

Highlights

  • Screened Pool
  • Gated Community
  • Spanish Architecture
  • Venice Elementary School Rated A
  • Main Floor Primary Bedroom
  • Attic

About This Home

As of March 2020

Welcome home to Bellagio, the only gated community on the Island of Venice! This meticulously maintained Rialto II model home boasts of Accordion Hurricane Shutters, lush landscaping, and updated lighting on the outside. Inside there are 2 Master Bedrooms with en suite Full Baths and Walk In Closets. There is also an Office w/built in queen sized Murphy Bed w/cabinets and Closet that is perfect for visiting guests! The Kitchen is newly remodeled w/Natural Gas Range and microwave hood that vents outside, Quartz Countertops, Wood Cabinets, and Stainless Steel Appliances. Natural Gas Rinnai Tankless Instant Hot Water Heater and Newer A/C . The Pool w/New Heater was just resurfaced w/added decorative tile and a New Cage w/hurricane tie downs and gutters. Baths updated, new lighting, new fixtures and so much more! The community of 150 homes in a maintenance free private sanctuary with stunning tropical landscaping and all the amenities you desire: a spacious club house w/small library, large heated community pool, well-equipped exercise room, clay tennis court, and miles of paved walking/hiking/biking trails w/access to the Venetian Waterway Park, which includes a section of the Intracoastal Waterway that connects to the Legacy Trail and Caspersen Beach Park. The proximity to the downtown Venice area with its numerous attractions and activities, including beaches, theaters, shopping, fascinating art galleries, nightlife and restaurants, is what makes Bellagio so attractive. Make sure to view the 3D Tour!

Last Agent to Sell the Property

Tina Renta

KELLER WILLIAMS ISLAND LIFE REAL ESTATE License #3269694 Listed on: 10/17/2019

KELLER WILLIAMS ISLAND LIFE REAL ESTATE

Co-Listed By

Dane Renta, SR

KW SUNCOAST License #3388859

Last Buyer's Agent

Stellar Non-Member Agent

STELLAR NON-MEMBER OFFICE

STELLAR NON-MEMBER OFFICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,720

Year Built

  • Built in 2001

Lot Details

  • 6,050 Sq Ft Lot
  • Lot Dimensions are 55x110
  • Property fronts a private road
  • Southeast Facing Home
  • Mature Landscaping
  • Property is zoned RSF3

HOA Fees

  • $261 Monthly HOA Fees

Parking

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

Home Design

  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Concrete Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,737 Sq Ft Home
  • Built-In Features
  • Tray Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Den
  • Inside Utility
  • Laundry closet
  • Attic

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool
  • Pool Lighting

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Venice Elementary School
  • Venice Area Middle School
  • Venice Senior High School

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Natural Gas Connected
  • Tankless Water Heater
  • Gas Water Heater
  • Cable TV Available

Additional Features

  • Well Sprinkler System
  • City Lot

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance, recreational facilities, security
  • Lighthouse Management Lisa Marsh Association, Phone Number (941) 412-1666
  • Visit Association Website
  • Bellagio At Venice Island Community
  • Bellagio On Venice Island Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,720

Year Built

Built in 2001

Lot Details

0

HOA Fees

$261 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Recreational Facilities, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1737
  • Lot Size Acres: 0.14
  • New Construction: No
  • Year Built: 2001
  • Building Area Total: 2480
  • Lot Size Sq Ft: 6050
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4448638?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4448638?w=Customer
  • Homestead Y N: Yes
  • Number Of Pets: 3
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.92815
  • Price per Sq Ft: 244.67
  • Close to Original List Price Ratio: 0.91398
  • Ratio: Current Price\Building Area Total: 171.37
  • View: No
  • Co List Office Mls Id: 284510349
  • Co List Office Phone: 941-254-6467
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Ceiling Fans(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Tankless Water Heater
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Blinds, Drapes, Rods, Shutters, Window Treatments
  • Room Count: 6
  • Additional Rooms: Attic, Den/Library/Office, Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Gunite, Heated, In Ground, Lighting, Screen Enclosure
  • Exterior Features: Hurricane Shutters, Irrigation System, Lighting, Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Concrete, Tile
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Front Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0333F
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Public, Sprinkler Well, Street Lights, Underground Utilities
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Gated Community, Irrigation-Reclaimed Water, Pool, Sidewalk, Tennis Courts
  • Association Fee: 782
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Management - Lisa Marsh
  • Phone: 941-412-1666
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association Website: https://www.lighthousepropertymanagement.net/
  • Association Email: lisamarsh@mgmt.tv
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 3128
  • Monthly HOA Fee: 260.67
  • Total Monthly Fees: 260.67

Schools

  • Elementary School: Venice Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Venice Area Middle

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0428040031
  • Additional Parcels: No
  • Lot Features: City Lot, Sidewalk
  • Lot Dimensions: 55x110
  • Flood Zone Code: X500
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: Application and Fee, see Rules and Regs
  • Num Timesper Year: 4
  • Pet Restrictions: Domestic Pets Only - Refer to Rules and Regs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Rules and Regs

Tax Info

  • Tax Annual Amount: 4720
  • Tax Lot: 70

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 17, 2019
Closed on
Mar 11, 2020
Sold by
Choate Johnnie Douglas and Choate Susan M
Bought by
Luber Lawrence J and Luber Caroline S
Seller's Agent
Tina Renta
KELLER WILLIAMS ISLAND LIFE REAL ESTATE
Buyer's Agent
Stellar Non-Member Agent
STELLAR NON-MEMBER OFFICE
List Price
$465,000
Sold Price
$425,000
Premium/Discount to List
-$40,000
-8.6%
Current Estimated Value
$665,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$240,751
Avg. Annual Appreciation
8.06%

Purchase Details

Closed on
Jul 26, 2016
Sold by
Marmion Michael E and Marmion Janice F
Bought by
Choate Johnnie Douglas and Choate Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 2001
Sold by
Venice H G L C
Bought by
Marmion Michael E and Marmion Janice F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
7.05%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Luber Lawrence J $425,000 Attorney
Choate Johnnie Douglas $375,000 Sunbelt Title Agency
Marmion Michael E $244,000 --
Marmion Michael E $244,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Choate Johnnie Douglas $208,000
Previous Owner Marmion Michael E $125,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2020 03/11/20 Sold $425,000 -7.2% $245 / Sq Ft
01/16/2020 01/16/20 Pending -- -- --
01/09/2020 01/09/20 Price Changed $457,900 -0.4% $264 / Sq Ft
10/30/2019 10/30/19 Price Changed $459,900 -1.1% $265 / Sq Ft
10/16/2019 10/16/19 For Sale $465,000 -- $268 / 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 $5,864 $441,737 -- --
2024 $5,735 $429,288 -- --
2023 $5,735 $416,784 $0 $0
2022 $5,780 $404,645 $0 $0
2021 $5,610 $381,500 $118,100 $263,400
2020 $4,718 $321,400 $90,300 $231,100
2019 $4,696 $320,500 $93,300 $227,200
2018 $4,720 $321,000 $119,800 $201,200
2017 $4,767 $320,900 $119,800 $201,100
2016 $3,856 $335,300 $109,900 $225,400
2015 $3,811 $313,500 $97,800 $215,700
2014 $3,793 $262,691 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4448638

Stellar MLS

APN: 0428-04-0031