NOT LISTED FOR SALE

409 N Point Rd Unit 901 Osprey, FL 34229

Vamo Neighborhood

Estimated Value: $1,021,000 - $1,346,000

3 Beds
3 Baths
2,594 Sq Ft
$222/mo HOA Fee

Last Sold February 14, 2020

Last sale price $875,000 $337 Per Sq Ft

Est. 37% increase in value since last sale

Current estimated payment $7,289/month

293 Days on Market

Highlights

  • Waterfront Community
  • White Water Ocean Views
  • Fitness Center
  • Riverview High School Rated A
  • Golf Course Community
  • Penthouse

About This Home

As of February 2020

The coveted lifestyle of the Oaks Club with the convenience and amenities of maintenance-free condominium living come together at this extraordinary Meridian penthouse residence. Upon exiting the elevator into the private foyer, one is greeted by surroundings creating the appearance of an outdoor entryway including an impressive custom hand carved decorative wood front door. Once inside, the never-ending panoramic preserve, bay and Gulf of Mexico views take over and create a light bright and open feeling. The dramatic step ceiling defines the foyer space while leading into the expansive dining room, living room and open kitchen. Simply stated, elegance resonates from the hardwood flooring in the main living areas to the custom cabinetry and granite countertops in the kitchen and bathrooms. Both the master suite and living room open to the balcony extending the sweeping views and providing ample outdoor living space. An office, 2-bedrooms, 2-bathrooms and a laundry room complete the interior space. This beautifully maintained residence comes with a private two car garage located directly outside the lobby door and a climate-controlled storage unit. Enjoy the Meridian pool and fitness center as well as the remarkable amenities of The Oaks Club. The Oaks Preserve is a gated community and part of The Oaks Club, one of the area’s most exclusive private clubs. The Oaks is just minutes from nationally ranked Pine View School, the Legacy Bike Trail, area beaches and all that Gulf Coast living has to offer.

Last Agent to Sell the Property

Joel Schemmel

DOUGLAS ELLIMAN License #3060476 Listed on: 03/02/2019

DOUGLAS ELLIMAN

Last Buyer's Agent

Joel Schemmel

DOUGLAS ELLIMAN License #3060476 Listed on: 03/02/2019

DOUGLAS ELLIMAN

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,094

Year Built

  • Built in 2004

Lot Details

  • End Unit
  • East Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $222 Monthly HOA Fees

Parking

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

Property Views

  • White Water Ocean
  • Intracoastal
  • Woods

Home Design

  • Penthouse
  • Custom Home
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,594 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Ceiling Fan
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • In Ground Pool
  • In Ground Spa

Outdoor Features

  • Balcony
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Gulf Gate Elementary School
  • Brookside Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, community pool, maintenance structure, ground maintenance, maintenance repairs, manager, pool maintenance, security
  • Lighthouse Property Management/Susan Brown Association, Phone Number (941) 460-5560
  • High-Rise Condominium
  • Meridian At The Oaks Preserve Community
  • Meridian At The Oaks Preserve Subdivision
  • On-Site Maintenance
  • Rental Restrictions
  • Community features wheelchair access
  • 10-Story Property

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Waterfront Community
  • Golf Course Community
  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 60 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Gated Community
  • Hurricane or Storm Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,094

Year Built

Built in 2004

Lot Details

0

HOA Fees

$222 per month

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Community Pool, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pool Maintenance, Security
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2594
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 2837
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4428722&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4428722&cview=true&show_results=true&customer_portal=true
  • Floor Number: 9
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: Corner Unit, High Rise, Penthouse
  • Call Center Phone Number: 941-364-4014
  • Ratio: Close Price\List Price: 0.97765
  • Price per Sq Ft: 337.32
  • Close to Original List Price Ratio: 0.88832
  • Ratio: Current Price\Building Area Total: 308.42
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Elevator, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Features: In Ground
  • Spa Yn: Yes
  • Stories: 10
  • Room Count: 9
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Pool Features: In Ground
  • Exterior Features: Balcony, Hurricane Shutters, Sliding Doors, Storage
  • Roof: Membrane
  • Pool Private: No
  • View: Trees/Woods, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Patio
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0228F
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, 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: Buyer Approval Required, Fitness, Gated Community, Golf, Pool, Sidewalk, Tennis Courts, Waterfront, Wheelchair Access
  • Association Amenities: Clubhouse, Fitness Center, Gated, Golf Course, Maintenance, Pool, Security, Tennis Court(s)
  • Association Fee: 665
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Property Management/Susan Brown
  • Phone: (941) 460-5560
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2400
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 800
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 12260
  • Monthly HOA Fee: 221.67
  • Total Monthly Fees: 1021.67

Schools

  • Elementary School: Gulf Gate Elementary
  • High School: Riverview High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: PUD
  • Parcel Number: 0133051325
  • Additional Parcels: No
  • Lot Features: In County, Sidewalk
  • Flood Zone Code: X500
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 60
  • Minimum Lease: 3 Months
  • Approval Process: Application
  • Num Timesper Year: 2
  • Pet Restrictions: See Doc's
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See Doc's

Tax Info

  • Tax Annual Amount: 9094
  • Tax Lot: 409

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2019
Closed on
Feb 14, 2020
Sold by
Rovens Larry J and Rovens Claudia
Bought by
Lutz Stefan A and Lutz Jonelle G
Seller's Agent
Joel Schemmel
DOUGLAS ELLIMAN
Buyer's Agent
Joel Schemmel
DOUGLAS ELLIMAN
List Price
$985,000
Sold Price
$875,000
Premium/Discount to List
-$110,000
-11.17%
Current Estimated Value
$1,197,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$322,313
Avg. Annual Appreciation
5.61%

Purchase Details

Closed on
Jan 10, 2004
Sold by
Oaks Meridian Ltd
Bought by
Rovens Larry J and Rovens Claudia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.71%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Lutz Stefan A $875,000 Attorney
Rovens Larry J $910,000 All Florida Title Agency Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rovens Larry J $250,000
Closed Rovens Larry J $387,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/14/2020 02/14/20 Sold $875,000 -2.2% $337 / Sq Ft
12/20/2019 12/20/19 Pending -- -- --
12/13/2019 12/13/19 Price Changed $895,000 -5.3% $345 / Sq Ft
10/14/2019 10/14/19 Price Changed $945,000 -4.1% $364 / Sq Ft
03/02/2019 03/02/19 For Sale $985,000 -- $380 / 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 $9,230 $796,598 -- --
2023 $9,230 $773,396 $0 $0
2022 $8,974 $750,870 $0 $0
2021 $9,010 $729,000 $0 $729,000
2020 $8,745 $657,500 $0 $657,500
2019 $8,173 $616,500 $0 $616,500
2018 $9,094 $691,100 $0 $691,100
2017 $9,077 $677,500 $0 $677,500
2016 $9,278 $677,900 $0 $677,900
2015 $8,979 $637,600 $0 $637,600
2014 $8,445 $538,010 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joel Schemmel

    Seller's Agent in 2020

    Joel Schemmel

    DOUGLAS ELLIMAN

    (941) 587-4894

    2 in this area

    338 Total Sales

    Joel Schemmel
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Map

Source: Stellar MLS

MLS Number: A4428722

Stellar MLS

APN: 0133-05-1325

Florida Sarasota County Osprey 34229 Vamo

409 N Point Rd Unit 901, Osprey, FL

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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