NOT LISTED FOR SALE

481 Magellan Dr Sarasota, FL 34243

Estimated Value: $515,000 - $646,000

2 Beds
2 Baths
1,936 Sq Ft
$291/Sq Ft Est. Value

Last Sold May 30, 2019

Last sale price $310,000 $160 Per Sq Ft

Est. 82% increase in value since last sale

Current estimated payment $3,304/month

21 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Golf Course Community
  • Oak Trees
  • Assigned Boat Slip
  • Access To Intracoastal Waterway
  • Fishing

About This Home

As of May 2019

Direct Waterfront Living with access to the Bay. Spacious 2-bedroom + Den/Office with fantastic views of Bowlees Creek and across from historic Sara Bay Country club. Private dock with composite decking. Situated high on a terraced lot, this is rare opportunity to live on boatable water WITHOUT having to pay costly flood insurance. Located midway between Sarasota and Bradenton, convenient to world class beaches, shopping, and the area's best cultural facilities. If you are looking for a well built affordable waterfront home with great views that you can personalize to your taste, this is a must see.

Last Agent to Sell the Property

Norm Luppino

License #3246972 Listed on: 03/25/2019

Last Buyer's Agent

Jo Anne Curtan

A PARADISE INC REALTOR License #0679787

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,665

Year Built

  • Built in 1968

Lot Details

  • 14,070 Sq Ft Lot
  • Lot Dimensions are 100x140
  • 100 Feet of Waterfront
  • Property fronts a saltwater canal
  • Unincorporated Location
  • East Facing Home
  • Mature Landscaping
  • Gentle Sloping Lot
  • Well Sprinkler System
  • Oak Trees
  • Property is zoned RSF3/WR/

Parking

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

Home Design

  • Florida Architecture
  • Slab Foundation
  • Tile Roof
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,936 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • L-Shaped Dining Room
  • Bonus Room
  • Inside Utility
  • Canal Views
  • Attic

Kitchen

  • Range
  • Dishwasher

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Saltwater Canal
  • Assigned Boat Slip
  • Dock made with Composite Material
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near golf course

Schools

  • Florine J. Abel Elementary School
  • Electa Arcotte Lee Magnet Middle School
  • Southeast High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Sarabay Harbour Community
  • Sarabay Harbour Unit One Subdivision

Recreation

  • Golf Course Community
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,665

Year Built

Built in 1968

Lot Details

0.32 Acres

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida, Ranch
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1936
  • Lot Size Acres: 0.32
  • New Construction: No
  • Year Built: 1968
  • Building Area Total: 2434
  • Lot Size Sq Ft: 14070
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4430864&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4430864&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Number Of Pets: 10+
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Subdivision Num: 6546200
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.91203
  • Price per Sq Ft: 160.12
  • Close to Original List Price Ratio: 0.91203
  • Ratio: Current Price\Building Area Total: 127.36
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), L Dining, Master Bedroom Main Floor, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Room Count: 9
  • Additional Rooms: Attic, Bonus Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Exterior Features: Irrigation System, Lighting, Rain Gutters
  • Roof: Built-Up, Tile
  • Pool Private: No
  • View: Water
  • Water Body Name: Bowlees Creek
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Canal
  • Water Access: Canal - Saltwater, Intracoastal Waterway
  • Water Extras: Assigned Boat Slip, Dock - Composite
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0312E
  • Waterfront Frontage: 100
  • Water Frontage Feet Canal Salt: 100
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Fiber Optics, Fire Hydrant, Natural Gas Available, Sewer Connected, Sprinkler Well
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fishing, Golf, Water Access, Waterfront
  • Association Amenities: Golf Course
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Florine J. Abel Elementary
  • High School: Southeast High
  • Middle Or Junior School: Electa Arcotte Lee Magnet

Lot Info

  • Zoning: RSF3/WR/
  • Parcel Number: 6547100005
  • Additional Parcels: No
  • Lot Features: Gentle Sloping, In County, Near Golf Course, Unincorporated
  • Lot Dimensions: 100x140
  • Property Attached Yn: No
  • Flood Zone Code: X
  • Flood Zone Date: 2014-03-17
  • Future Land Use: RES-3
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Minimum Lease: 1-7 Days
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 4665
  • Tax Book Number: 11-8
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 25, 2019
Closed on
May 29, 2019
Sold by
Alvey D Gary and Alvey Judine B
Bought by
Curtan Grant and Quinn Colleen M
Seller's Agent
Norm Luppino
Buyer's Agent
Jo Anne Curtan
A PARADISE INC REALTOR
List Price
$339,900
Sold Price
$310,000
Premium/Discount to List
-$29,900
-8.8%
Current Estimated Value
$562,953

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$252,953
Avg. Annual Appreciation
9.13%
Original Mortgage
$294,500
Outstanding Balance
$258,938
Interest Rate
4.1%
Mortgage Type
New Conventional
Estimated Equity
$304,015

Purchase Details

Closed on
Nov 14, 2000
Sold by
Bk Amer N A
Bought by
Alvey D Gary and Alvey Judine B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
7.83%

Purchase Details

Closed on
May 25, 2000
Sold by
Stanley Harry C and Stanley Doris B
Bought by
Bk Amer N A and Harry C Stanley Living Tr
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
Curtan Grant $310,000 Attorney
Alvey D Gary $190,000 --
Bk Amer N A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Curtan Grant $294,500
Previous Owner Alvey D Gary $60,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/30/2019 05/30/19 Sold $310,000 -8.8% $160 / Sq Ft
04/15/2019 04/15/19 Pending -- -- --
03/25/2019 03/25/19 For Sale $339,900 -- $176 / Sq Ft
Source: Stellar MLS

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 $3,557 $270,846 -- --
2023 $3,368 $246,856 $0 $0
2022 $3,270 $239,666 $0 $0
2021 $3,125 $232,685 $0 $0
2020 $3,217 $229,472 $0 $0
2019 $4,465 $267,333 $100,000 $167,333
2018 $4,666 $277,354 $90,000 $187,354
2017 $4,117 $259,993 $0 $0
2016 $3,851 $239,182 $0 $0
2015 $3,229 $220,461 $0 $0
2014 $3,229 $188,910 $0 $0
2013 $3,140 $184,546 $50,200 $134,346
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4430864

Stellar MLS

APN: 65471-0000-5

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