NOT LISTED FOR SALE

500 Gardens Edge Dr Unit 524 Venice, FL 34285

Estimated Value: $318,112 - $382,000

3 Beds
2 Baths
1,553 Sq Ft
$386/mo HOA Fee

Last Sold February 06, 2020

Last sale price $240,000 $155 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $2,361/month

7 Days on Market

Highlights

  • Water Views
  • Fitness Center
  • Bonus Room
  • Garden Elementary School Rated A-
  • Clubhouse
  • End Unit

About This Home

As of February 2020

A rare find! There are only a few end unit condos that offer both a den and bonus room for ample storage. This home has all that with beautiful panoramic water views of fountain lake from almost every window. This is the largest floor plan available in Magnolia Park, (a maintenance free community). Although this unit is technically a 2+ bedroom with a den/office, the den has an entrance to the second bathroom and is large enough to be considered a three bedroom if you were to use an armoire. Recently painted throughout making it light and bright boasting large rooms and crown molding throughout. This home is very well appointed with a fabulous open floor plan. Granite countertops in the kitchen with solid wood cabinetry. This condo is a second-floor unit with elevator and private one car garage. Located just minutes from Shopping, downtown Venice, Venice Beach, the Island Library, theater, legacy bike trail, and many fine restaurants. Magnolia Park amenities include a heated community pool with large community center equipped with a full kitchen, indoor and outdoor bathrooms perfect for entertaining guests and large parties. Maintenance fee is paid quarterly and includes trash pickup, cable TV, building maintenance, maintenance of common areas, building insurance, pest control, and lawn care. There is no CDD or required flood insurance.

Last Agent to Sell the Property

Jarrod Luparell

WAGNER REALTY License #0686416 Listed on: 12/12/2019

WAGNER REALTY

Last Buyer's Agent

Theresa Kimbrell

NEXTHOME EXCELLENCE License #3316566

NEXTHOME EXCELLENCE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,342

Year Built

  • Built in 2007

Lot Details

  • End Unit
  • South Facing Home
  • Landscaped with Trees

HOA Fees

  • $386 Monthly HOA Fees

Parking

  • 1 Car Garage
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Property Views

  • Water
  • Pool

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,553 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Den
  • Bonus Room
  • Storage Room
  • Laundry Room
  • Inside Utility

Kitchen

  • Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting

Schools

  • Glenallen Elementary School
  • Venice Area Middle School
  • Venice Senior High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, manager, pest control, pool maintenance, private road, recreational facilities, trash
  • Lighthouse Prop Mgmt / Lisa Martin Association, Phone Number (941) 460-5560
  • Magnolia Park Community
  • Magnolia Park Ph 2 Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • Community features wheelchair access

Amenities

  • Clubhouse

Recreation

  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 60 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,342

Year Built

Built in 2007

Lot Details

0

HOA Fees

$386 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1553
  • New Construction: No
  • Year Built: 2007
  • Accessibility Features: Accessible Elevator Installed
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4453830?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4453830?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit
  • Ratio: Close Price\List Price: 0.96038
  • Price per Sq Ft: 154.54
  • Close to Original List Price Ratio: 0.94118
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Disposal, Microwave, Range
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Room Count: 10
  • Additional Rooms: Bonus Room, Den/Library/Office, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Exterior Features: Lighting, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Pool, Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Patio, Porch, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Guest
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Public, Sewer Connected
  • 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: Deed Restrictions, Fitness, Pool, Wheelchair Access
  • Association Amenities: Cable TV, Clubhouse, Fitness Center, Pool
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Prop Mgmt / Lisa Martin
  • Phone: 941-460-5560x305
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 1159
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 386
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 4636
  • Total Monthly Fees: 386.33

Schools

  • Elementary School: Glenallen Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Venice Area Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0404051044
  • Additional Parcels: No
  • Lot Features: In County
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Size Limit
  • Pet Size: Medium (36-60 Lbs.)
  • Max Pet Weight: 60
  • Minimum Lease: 8-12 Months
  • Approval Process: Submit application to condo Association.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See rules and regulations

Tax Info

  • Tax Annual Amount: 2341.65
  • Tax Lot: NA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 23, 2023
Sold by
Scanlan Michael and Scanlan Nancy
Bought by
Scanlan Michael and Menaldi-Scanlan Nancy
Current Estimated Value
$342,778

Purchase Details

Listed on
Dec 12, 2019
Closed on
Feb 6, 2020
Sold by
Cushing Kathy
Bought by
Scanlan Michael and Menaidi Scanlan Nancy
Seller's Agent
Jarrod Luparell
WAGNER REALTY
Buyer's Agent
Theresa Kimbrell
NEXTHOME EXCELLENCE
List Price
$255,000
Sold Price
$240,000
Premium/Discount to List
-$15,000
-5.88%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%

Purchase Details

Listed on
Jan 14, 2019
Closed on
Apr 29, 2019
Sold by
Theisen Gary L and Theisen Barbara A
Bought by
Cushing Kathy
Seller's Agent
Deborah Miller
RE/MAX PALM
Buyer's Agent
Craig Flormann
PREVIEWS REALTY INC.
List Price
$264,500
Sold Price
$256,500
Premium/Discount to List
-$8,000
-3.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.17%

Purchase Details

Listed on
Jul 26, 2012
Closed on
Nov 7, 2012
Sold by
Earls Hugh C and Earls Kathleen M
Bought by
Theisen Gary L and Theisen Barbara A
Seller's Agent
Jo-Anne Sckowska
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Deborah Miller
RE/MAX PALM
List Price
$153,000
Sold Price
$153,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.30%
Original Mortgage
$100,000
Interest Rate
2.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Feb 1, 2010
Sold by
Waterford At Magnolia Park Inc
Bought by
Earls Hugh C and Earls Kathleen M
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
Scanlan Michael $100 --
Scanlan Michael $240,000 First International Ttl Inc
Cushing Kathy $256,500 Attorney
Theisen Gary L $153,000 Riddell Title & Escrow Llc
Earls Hugh C $138,600 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Theisen Gary L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/06/2020 02/06/20 Sold $240,000 -4.0% $155 / Sq Ft
12/19/2019 12/19/19 Pending -- -- --
12/14/2019 12/14/19 Price Changed $249,900 -2.0% $161 / Sq Ft
12/12/2019 12/12/19 For Sale $255,000 -0.6% $164 / Sq Ft
04/29/2019 04/29/19 Sold $256,500 -1.2% $165 / Sq Ft View Prior Sale
02/23/2019 02/23/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $259,500 -1.9% $167 / Sq Ft
01/14/2019 01/14/19 For Sale $264,500 +72.9% $170 / Sq Ft
11/07/2012 11/07/12 Sold $153,000 0.0% $99 / Sq Ft View Prior Sale
09/25/2012 09/25/12 Pending -- -- --
07/26/2012 07/26/12 For Sale $153,000 -- $99 / 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 $2,059 $181,719 -- --
2024 $2,002 $176,598 -- --
2023 $2,002 $171,454 $0 $0
2022 $2,003 $166,460 $0 $0
2021 $2,000 $161,612 $0 $0
2020 $3,090 $184,600 $0 $184,600
2019 $2,365 $181,100 $0 $181,100
2018 $2,342 $179,200 $0 $179,200
2017 $2,415 $182,000 $0 $182,000
2016 $2,847 $176,300 $0 $176,300
2015 $2,560 $159,100 $0 $159,100
2014 $2,282 $125,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4453830

Stellar MLS

APN: 0404-05-1044