NOT LISTED FOR SALE

4960 Commonwealth Dr Sarasota, FL 34242

Estimated Value: $1,625,000 - $1,821,000

3 Beds
3.5 Baths
3,063 Sq Ft
$554/Sq Ft Est. Value

Last Sold February 29, 2024

Last sale price $1,875,000 $612 Per Sq Ft

Est. 10% decrease in value since last sale

Current estimated payment $9,762/month

241 Days on Market

Highlights

  • 50 Feet of Salt Water Canal Waterfront
  • Dock has access to electricity and water
  • Boat Lift
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean To Bay
  • Saltwater Pool

About This Home

As of February 2024

PRICE REDUCED - IT'S PRICED TO SELL! * PRICED BELOW FAIR MARKET VALUE, IT'S THE BEST VALUE ON SIESTA KEY * A FABULOUS OPPORTUNITY & AN EXCELLENT VALUE * Location, location, location * DEEP BOATING WATER ON THE GRAND CANAL * SHORT BOAT RIDE TO THE ICW & GULF OF MEXICO * PANORAMIC WIDE WATER GRAND CANAL VIEWS * Private Dock with 10,000lb Boat Lift is PERFECT FOR YOUR BOAT * No expense has been spared with this Quality Built Home * Beautiful curb appeal * THIS HOME IS BUILT WITH THE HIGHEST QUALITY CONSTRUCTION AND HAS BEEN METICULOUSLY MAINTAINED * The interior is open, light & bright -you will live very comfortably in this home * EXQUISITE ARCHITECTURAL DETAILS AT EVERY TURN * AN ABUNDANCE OF NATURAL LIGHT * 3063+/- SQFT A/C * This is a very open & spacious living space * SOLID CORE DOORS * Fabulous Chef's Island Kitchen with wood cabinets, custom concrete and granite counter-tops,
upgraded appliances, Sub-Zero Refrigerator and DCS GAS COOK-TOP * The Kitchen overlooks an amazing Great Room with volume ceilings, GAS FIREPLACE, and built-in book & display cabinets with recessed lighting * Great Room is open to the Dining Room * Adjacent is the Covered Lanai & Heated Saltwater Pool * This is a great home for entertaining or simply relaxing in your slice of paradise * UPSTAIRS: Two En-Suites with French Doors leading to a Private Balcony PLUS a Den/Office * Expansive Primary Suite with a Sitting Area and your PRIVATE Walk-out Covered Lanai * Primary Suite also showcases a huge walk-in closet with custom islands & built-ins, a Spa-style Bath, a garden tub & dual vanities * Very Private POOL & Backyard among the lush tropical setting - THIS IS OUTDOOR LIVING AT ITS BEST * Paver Brick Pool Deck and Driveway to your 2 Car Garage * Sellers have just replaced the pool heater, 2 pump motors, filter and salt cell and the dishwasher *

Just pack your bags and enjoy the Siesta Key lifestyle and easy access to Siesta Key Beach + Siesta Village * All the luxury features you desire are here * "A" RATED SCHOOL DISTRICT * One look & you'll fall in love! SELLER WILL LEAVE SOME FURNITURE AS AN OPTION.

Last Agent to Sell the Property

Glenn Brown

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #0567385 Listed on: 06/05/2023

RE/MAX ALLIANCE GROUP

Co-Listed By

Ryan Brown

RE/MAX ALLIANCE GROUP Brokerage Phone: 941-954-5454 License #3273843

Last Buyer's Agent

Bruce Mibach

COLDWELL BANKER REALTY License #3431738

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,150

Year Built

  • Built in 2004

Lot Details

  • 6,325 Sq Ft Lot
  • 50 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Northeast Facing Home
  • Mature Landscaping
  • Irrigation
  • Property is zoned RSF2

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Stem Wall Foundation
  • Metal Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,063 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Partially Furnished
  • Built-In Features
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Combination Dining and Living Room
  • Den
  • Inside Utility
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Outdoor Features

  • Saltwater Pool
  • Water access To Gulf or Ocean To Bay
  • Access To Intracoastal Waterway
  • Boat Lift
  • Dock has access to electricity and water
  • Deeded Boat Dock
  • Open Dock
  • Covered Patio or Porch
  • Rain Gutters

Location

  • Flood Insurance May Be Required

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Propane
  • Cable TV Available

Community Details

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

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,150

Year Built

Built in 2004

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3063
  • Lot Size Acres: 0.15
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 3950
  • Lot Size Sq Ft: 6325
  • Status: Sold
  • Co List Office Mls Id: MFR281518938
  • Co List Office Phone: 941-954-5454
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 366.97
  • Escrow State: FL
  • Minimum Lease: 1 Month
  • RATIO Current Price By Calculate: 612.14
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • MFR_DockDescription: Dock - Open,Dock - Slip Deeded On-Site,Dock w/Electric,Dock w/Water Supply
  • Attribution Contact: 941-954-5454
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Living Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Built-in Features, Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Kitchen/Family Room Combo, Living Room/Dining Room Combo, PrimaryBedroom Upstairs, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Microwave, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Stem Wall
  • Total Bedrooms: 3
  • Levels: Two
  • Stories: 2
  • Window Features: Window Treatments
  • ResoLivingAreaSource: Appraiser
  • Additional Rooms: Den/Library/Office,Inside Utility
  • Living Area Meters: 284.56

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Heated, Salt Water
  • Exterior Features: Irrigation System, Rain Gutters
  • Roof: Metal
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Front Porch, Rear Porch
  • Road Surface Type: Asphalt
  • Disclosures: Seller Property Disclosure
  • Water Access: Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Lift
  • Water Frontage Feet Canal Salt: 50
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 50
  • Additional Water Information: GRAND CANAL - SHORT BOAT RIDE TO ICW & BAY!

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Propane, Sewer Connected, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: BUYER/BUYER AGENT TO VERIFY/CONFIRM PER COUNTY.

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081100042
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required
  • Flood Zone Code: AE

Rental Info

  • Furnished: Partially
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: BUYER/BUYER AGENT TO VERIFY/CONFIRM PER COUNTY.

Tax Info

  • Tax Annual Amount: 10150.36
  • Tax Block: 22
  • Tax Book Number: 1037-423
  • Tax Lot: 23

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: BUYER/BUYER AGENT TO VERIFY/CONFIRM PER COUNTY.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 5, 2023
Closed on
Feb 29, 2024
Sold by
Gail A Roseman And David P Diamond Trust
Bought by
Linehan Gail C
Seller's Agent
Glenn Brown
RE/MAX ALLIANCE GROUP
Buyer's Agent
Bruce Mibach
COLDWELL BANKER REALTY
List Price
$2,495,000
Sold Price
$1,875,000
Premium/Discount to List
-$620,000
-24.85%
Views
183
Current Estimated Value
$1,695,777

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$179,223
Avg. Annual Appreciation
-5.29%

Purchase Details

Closed on
Aug 29, 2017
Sold by
Diamond David P and Reseman Gail A
Bought by
Diamond David A and Roeman Gail A

Purchase Details

Closed on
Mar 31, 2008
Sold by
Lloyd W Scot and Lloyd Tamara Dawn
Bought by
Roseman Gail A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
5.68%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 28, 2006
Sold by
Capaccione John
Bought by
Capaccione John and Capaccione Anthony J

Purchase Details

Closed on
Jun 26, 2000
Sold by
Hollingsworth Fred
Bought by
Efstratiou Panayotis Alain

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,400
Interest Rate
8.63%
Source: Public Records
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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
Linehan Gail C $1,875,000 None Listed On Document
Diamond David A -- Attorney
Roseman Gail A $191,500 Attorney
Roseman Gail A $1,125,000 Attorney
Capaccione John -- Attorney
Efstratiou Panayotis Alain $583,000 --
Efstratiou Panayotis Alain $583,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Roseman Gail A $375,000
Previous Owner Efstratiou Panayotis Alain $466,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/29/2024 02/29/24 Sold $1,875,000 -16.5% $612 / Sq Ft
01/22/2024 01/22/24 Price Changed $2,245,000 -6.1% $733 / Sq Ft
12/02/2023 12/02/23 Price Changed $2,390,000 -4.2% $780 / Sq Ft
12/02/2023 12/02/23 For Sale $2,495,000 +33.1% $815 / Sq Ft
11/30/2023 11/30/23 Off Market $1,875,000 -- --
10/10/2023 10/10/23 Price Changed $2,495,000 -3.9% $815 / Sq Ft
07/07/2023 07/07/23 Price Changed $2,595,000 -3.7% $847 / Sq Ft
06/05/2023 06/05/23 For Sale $2,695,000 -- $880 / 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 $10,732 $1,482,500 $792,100 $690,400
2024 $10,412 $897,286 -- --
2023 $10,412 $871,151 $0 $0
2022 $10,150 $845,778 $0 $0
2021 $10,149 $821,144 $0 $0
2020 $10,210 $809,807 $0 $0
2019 $9,912 $791,600 $351,500 $440,100
2018 $9,907 $791,500 $379,600 $411,900
2017 $10,511 $825,800 $379,600 $446,200
2016 $10,983 $845,400 $365,600 $479,800
2015 $10,501 $752,000 $352,400 $399,600
2014 $10,245 $677,270 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4572354

Stellar MLS

APN: 0081-10-0042