NOT LISTED FOR SALE

4870 Commonwealth Dr Siesta Key, FL 34242

Estimated Value: $2,624,000 - $2,893,059

4 Beds
4.5 Baths
3,409 Sq Ft
$807/Sq Ft Est. Value

Last Sold September 27, 2019

Last sale price $1,925,000 $565 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $16,165/month

80 Days on Market

Highlights

  • 45 Feet of Waterfront
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Phillippi Shores Elementary School Rated A
  • New Construction
  • Custom Home

About This Home

As of September 2019

Investors .... Season is quickly approaching....Amazing New Construction on The Grand Canal Waterway now complete and ready to be enjoyed. Attention to detail abounds! Outdoor living at it's best with 1000 sq. feet of covered recreational area poolside and spacious decks to take in the views. Boat basin, fenced in yard and mature landscaping. Pick your own coconuts! Oversized master suite with private deck, luxurious bath with a therapeutic light/air tub and an oversized wardrobe room. All four bedrooms with en suites plus a large office/den or addition bedroom . A great room concept that opens to a custom designed kitchen with state of the art appliances and entertaing for eight at the island. Elevator, storage closets, oversized natural light filled garage with plenty of space for kayaks,bikes or a work shop endless possibilities. These are only some of the homes features. Enjoy all that Siesta Key has to offer shopping, dining and World Famous Siesta beach. This home is Ready for you.

Last Agent to Sell the Property

Bob Mcgrath

WILLIAM RAVEIS REAL ESTATE License #3233923 Listed on: 05/31/2019

WILLIAM RAVEIS REAL ESTATE

Last Buyer's Agent

Bob Mcgrath

WILLIAM RAVEIS REAL ESTATE License #3233923 Listed on: 05/31/2019

WILLIAM RAVEIS REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,717

Year Built

  • Built in 2019 | New Construction

Lot Details

  • 6,237 Sq Ft Lot
  • Lot Dimensions are 130x50
  • 45 Feet of Waterfront
  • Property fronts a saltwater canal
  • Southeast Facing Home
  • Fenced
  • Mature Landscaping
  • Bamboo Trees

Parking

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

Property Views

  • Canal
  • Pool

Home Design

  • Custom Home
  • Florida Architecture
  • Key West Architecture
  • Bi-Level Home
  • Slab Foundation
  • Stem Wall Foundation
  • Built-Up Roof
  • Metal Roof
  • Concrete Siding
  • Cement Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,409 Sq Ft Home
  • Elevator
  • Open Floorplan
  • Bar Fridge
  • High Ceiling
  • Ceiling Fan
  • French Doors
  • Sliding Doors
  • Family Room Off Kitchen
  • Den
  • Storage Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Porcelain Tile
  • Travertine
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Lights
  • Storm Windows
  • Fire Resistant Exterior
  • Fire and Smoke Detector

Eco-Friendly Details

  • Whole House Vacuum System
  • Irrigation System Uses Drip or Micro Heads

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Saltwater Pool
  • Pool Alarm
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access to Saltwater Canal
  • Seawall
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

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

Utilities

  • Humidity Control
  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Propane
  • Heat Pump System
  • Underground Utilities
  • Propane
  • Tankless Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Siesta Beach Community
  • Siesta Beach Subdivision
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,717

Year Built

Built in 2019 | New Construction

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom, Florida, Key West
  • Construction Materials: Block, Cement Siding, Concrete, Stucco
  • Fireplace: No
  • Living Area: 3409
  • Lot Size Acres: 0.14
  • New Construction: Yes
  • Year Built: 2019
  • Building Area Total: 5873
  • Lot Size Sq Ft: 6237
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4437383?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4437383?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-628-1069
  • Ratio: Close Price\List Price: 0.97765
  • Price per Sq Ft: 564.68
  • Close to Original List Price Ratio: 0.8754
  • Ratio: Current Price\Building Area Total: 327.77
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Builder
  • Tax Year: 2018
  • Special Features: 4098

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile, Travertine, Vinyl, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, Eating Space In Kitchen, Elevator, High Ceiling(s), Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Bar Fridge, Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab, Stem Wall
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Yn: No
  • Window Features: Storm Window(s)
  • Room Count: 15
  • Additional Rooms: Den/Library/Office, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: Builder

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Gunite, Heated, In Ground, Lighting, Pool Alarm, Salt Water
  • Exterior Features: Balcony, Fenced, French Doors, Irrigation System, Lighting, Rain Gutters, Sliding Doors, Sprinkler Metered
  • Roof: Built-Up, Metal
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: Grand Canal To Intercoastal
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Front Porch, Patio, Rear Porch
  • Road Surface Type: Paved
  • Water View: Canal
  • Water Access: Bay/Harbor, Canal - Saltwater, Gulf/Ocean, Intracoastal Waterway
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 45
  • Additional Water Information: Grand Canal 7 Minutes to Intercoastal then out The Gulf Of Mexico.
  • Water Frontage Feet Canal Salt: 45

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Oversized, Workshop in Garage
  • Covered Parking Spaces: 4
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Connected, Fiber Optics, Fire Hydrant, Phone Available, Propane, Sewer Connected, Sprinkler Meter, Underground Utilities
  • Cooling: Central Air, Humidity Control, Zoned
  • Heating: Central, Electric, Heat Pump, Propane, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: One or more photo(s) has been virtually staged.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Security Lights, Security System, Security System Owned, Smoke Detector(s), Fire Resistant Exterior, Fire/Smoke Detection Integration
  • Senior Community: No
  • Association Approval Required YN: No

Schools

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

Lot Info

  • Parcel Number: 0081020044
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone
  • Lot Dimensions: 130x50
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Indoor Air Qlty: Whole House Vacuum System
  • Green Water Conservation: Drip Irrigation, Irrig. System-Drip/Microheads

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Num Timesper Year: 12
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see County Restrictions for clear instruction.

Tax Info

  • Tax Annual Amount: 4717
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 17, 2020
Sold by
Freeman James D and Freeman Michelle
Bought by
Tregembo Rodney and Tregembo Jennifer
Current Estimated Value
$2,751,015

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$510,400
Outstanding Balance
$347,349
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$2,403,666

Purchase Details

Listed on
May 31, 2019
Closed on
Sep 27, 2019
Sold by
Commonwealth On The Key Llc
Bought by
Freeman James D and Freeman Michelle
Seller's Agent
Bob Mcgrath
WILLIAM RAVEIS REAL ESTATE
Buyer's Agent
Bob Mcgrath
WILLIAM RAVEIS REAL ESTATE
List Price
$1,999,000
Sold Price
$1,925,000
Premium/Discount to List
-$74,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$1,540,000
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
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
Tregembo Rodney $1,912,000 Attorney
Freeman James D $1,925,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tregembo Rodney $510,400
Previous Owner Freeman James D $1,540,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/27/2019 09/27/19 Sold $1,925,000 -2.2% $565 / Sq Ft
08/18/2019 08/18/19 Pending -- -- --
08/12/2019 08/12/19 Price Changed $1,969,000 -1.5% $578 / Sq Ft
07/26/2019 07/26/19 For Sale $1,999,000 0.0% $586 / Sq Ft
07/03/2019 07/03/19 Pending -- -- --
06/30/2019 06/30/19 Price Changed $1,999,000 -3.7% $586 / Sq Ft
06/25/2019 06/25/19 Price Changed $2,075,000 -1.0% $609 / Sq Ft
06/07/2019 06/07/19 Price Changed $2,095,000 -4.7% $615 / Sq Ft
05/30/2019 05/30/19 For Sale $2,199,000 -- $645 / 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 $21,008 $1,827,851 -- --
2024 $20,450 $1,776,337 -- --
2023 $20,450 $1,724,599 $0 $0
2022 $19,987 $1,674,368 $0 $0
2021 $20,033 $1,625,600 $487,100 $1,138,500
2020 $19,014 $1,473,600 $403,600 $1,070,000
2019 $4,457 $355,700 $347,900 $7,800
2018 $4,751 $378,300 $375,800 $2,500
Source: Public Records

Agents Affiliated with this Home

  • Bob Mcgrath

    Seller's Agent in 2019

    Bob Mcgrath

    WILLIAM RAVEIS REAL ESTATE

    (941) 894-1255

    3 in this area

    10 Total Sales

    Bob Mcgrath
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4437383

Stellar MLS

APN: 0081-02-0044

Florida Sarasota County Siesta Key 34242

4870 Commonwealth Dr, Siesta Key, FL

Not Listed for Sale

Detached

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