NOT LISTED FOR SALE

498 Substation Rd Venice, FL 34285

Estimated Value: $453,000 - $605,000

2 Beds
1 Bath
1,376 Sq Ft
$380/Sq Ft Est. Value

Sale Details

Date Sold: May 28, 2021

Last sale price $385,000 $280 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $3,238 / mo

242 Days on Market

Highlights

  • Private Pool
  • 1.01 Acre Lot
  • No HOA
  • Venice Elementary School Rated A
  • Wood Flooring
  • French Doors

About This Home

As of May 2021

City of Venice, 2 Bedroom, POOL home, with over 1 acre, zoned RMF 4, (residential multi family). Lots of space, with storage buildings to keep ALL of your toys. Plenty of options, live there, rent it, develop it or any combination.
May possibly be developed for up to 18 units. All located in the City of Venice.

Last Agent to Sell the Property

Tim Lacey

THE RENTAL COMPANY OF VENICE License #3261250 Listed on: 07/22/2020

Last Buyer's Agent

Tim Lacey

THE RENTAL COMPANY OF VENICE License #3261250 Listed on: 07/22/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,615

Year Built

  • Built in 1962

Lot Details

  • 1.01 Acre Lot
  • South Facing Home
  • Property is zoned RMF4

Home Design

  • Slab Foundation
  • Membrane Roofing
  • Vinyl Siding

Interior Spaces

  • 1,376 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • French Doors

Kitchen

  • Range
  • Microwave

Flooring

  • Wood
  • Linoleum

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Pool

  • Private Pool

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Private Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,615

Year Built

Built in 1962

Lot Details

1.01 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Vinyl Siding
  • Fireplace: Yes
  • Living Area: 1376
  • Lot Size Acres: 1.01
  • New Construction: No
  • Year Built: 1962
  • Lot Size Sq Ft: 43996
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6111122?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6111122?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97468
  • Price per Sq Ft: 279.8
  • Close to Original List Price Ratio: 0.97468
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Linoleum, Hardwood
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Master Bedroom Main Floor
  • Appliances Included: Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Room Count: 6

Exterior Features

  • Direction Faces: South
  • Exterior Features: French Doors
  • Roof: Membrane
  • Pool Private: Yes
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Heat Pump
  • Sewer: Private Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: RMF4
  • Parcel Number: 0407070005
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Minimum Lease: 1 Month
  • Num Timesper Year: 12
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See the City of Venice requirements

Tax Info

  • Tax Annual Amount: 2614.9
  • Tax Lot: 0000

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2020
Closed on
May 27, 2021
Sold by
Bailey John N and John N Bailey Iii Revocable Tr
Bought by
Tortuga Shell Llc
Seller's Agent
Tim Lacey
THE RENTAL COMPANY OF VENICE
Buyer's Agent
Tim Lacey
THE RENTAL COMPANY OF VENICE
List Price
$395,000
Sold Price
$385,000
Premium/Discount to List
-$10,000
-2.53%
Current Estimated Value
$516,320

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,320
Avg. Annual Appreciation
6.45%

Purchase Details

Closed on
Aug 16, 2007
Sold by
Bailey John N
Bought by
Bailey John N and John N Bailey Iii Revocable Li
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Tortuga Shell Llc $385,000 Attorney
Bailey John N -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/28/2021 05/28/21 Sold $385,000 -2.5% $280 / Sq Ft
03/17/2021 03/17/21 Pending -- -- --
03/15/2021 03/15/21 For Sale $395,000 0.0% $287 / Sq Ft
02/22/2021 02/22/21 Pending -- -- --
07/18/2020 07/18/20 For Sale $395,000 -- $287 / 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 $6,003 $390,500 $269,200 $121,300
2024 $6,102 $398,700 $269,200 $129,500
2023 $6,102 $401,100 $260,000 $141,100
2022 $5,816 $366,800 $234,400 $132,400
2021 $2,970 $194,000 $91,200 $102,800
2020 $2,615 $156,200 $91,200 $65,000
2019 $4,673 $279,500 $208,700 $70,800
2018 $4,451 $265,400 $208,700 $56,700
2017 $2,763 $163,200 $103,800 $59,400
2016 $2,609 $156,500 $100,000 $56,500
2015 $2,433 $147,200 $93,000 $54,200
2014 $2,271 $131,200 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6111122

Stellar MLS

APN: 0407-07-0005

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