NOT LISTED FOR SALE

500 Gardens Edge Dr Unit 533 Venice, FL 34285

Estimated Value: $287,000 - $356,000

2 Beds
2 Baths
1,488 Sq Ft
$379/mo HOA Fee

Last Sold July 29, 2019

Last sale price $222,222 $149 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $2,281/month

67 Days on Market

Highlights

  • Waterfront Community
  • Fitness Center
  • Heated Pool
  • Garden Elementary School Rated A-
  • Penthouse
  • Pond View

About This Home

As of July 2019

WOW...MUST SEE THIS TOP FLOOR, IMMACULATE condo with BEAUTIFUL WATER VIEWS! Freshly painted & spotless so you can MOVE RIGHT IN. This Magnolia Park condo feels so much larger thanks to soaring CATHEDRAL CEILINGS, a smart floorplan and is LIGHT AND BRIGHT. Chefs will love the granite countertops, solid wood cabinets, breakfast bar and sunny breakfast nook. Great room flows to your private lanai where you can begin your day in paradise relaxing by the lake or wrap up your day marveling at the sunset. Stress, what stress? Condo boasts 2 good sized bedrooms + den/flex room/2 baths and the master suite has dual sinks, a large shower and two closets. Bonuses: A private ONE CAR GARAGE, HURRRICAN PROOF lanai sliders, an interior laundry room and additional area (5x8) for all of your storage needs. Love pets? PET FRIENDLY - 2 PETS, ANY SIZE ARE ALLOWED...rare in condos! Not a fan of stairs? Just use the CONVENIENT ELEVATOR. LOTS OF SOCIAL ACTIVITIES! Make new friends in the nearby heated community pool, clubhouse and fitness room. IDEAL LOCATION: only 1.6 miles to historic Venice Island with its beautiful beaches, scrumptious dining, fun shopping and Venice Theater. Also close by is the ever popular Legacy Bike Trail & Venetian Waterway. Only a short drive to Sarasota. Perfect for snowbirds, year round residents wanting to downsize and would make a great rental property. Come make this beautiful condo your new home and start living the carefree Florida lifestyle you've dreamed of!

Last Agent to Sell the Property

Kari Pate

HOMESMART License #3343690 Listed on: 04/13/2019

Last Buyer's Agent

Mike Winger

TIDELINE REAL ESTATE BROKERS License #3077519

TIDELINE REAL ESTATE BROKERS

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,857

Year Built

  • Built in 2007

Lot Details

  • South Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Condo Land Included

HOA Fees

  • $379 Monthly HOA Fees

Parking

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

Home Design

  • Penthouse
  • Spanish Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,488 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Built-In Features
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen
  • Den
  • Storage Room
  • Inside Utility
  • Pond Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Heated Pool
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage
  • Rain Gutters

Location

  • Property is near public transit
  • City Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, private road, recreational facilities, trash
  • Lighthouse Property Management Association, Phone Number (941) 460-5560
  • Built by Mike Miller
  • Magnolia Park Community
  • Magnolia Park Ph 2 Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, vehicle restrictions
  • Rental Restrictions

Amenities

  • Clubhouse
  • Elevator
  • Community Storage Space

Recreation

  • Waterfront Community
  • Fitness Center
  • Community Pool

Pet Policy

  • 2 Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,857

Year Built

Built in 2007

Lot Details

0

HOA Fees

$379 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Trash
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1488
  • New Construction: No
  • Year Built: 2007
  • Building Area Total: 1595
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N6105136&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=N6105136&cview=true&show_results=true&customer_portal=true
  • Floor Number: 3
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Penthouse
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.9666
  • Price per Sq Ft: 149.34
  • Close to Original List Price Ratio: 0.9666
  • Ratio: Current Price\Building Area Total: 139.32
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Cathedral Ceiling(s), Ceiling Fans(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Thermostat, Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Trash Compactor, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 3
  • Window Features: Blinds
  • Room Count: 7
  • Additional Rooms: Den/Library/Office, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Other Structures: Gazebo
  • Pool Features: Heated
  • Exterior Features: Irrigation System, Lighting, Rain Gutters, Sidewalk, Sliding Doors, Storage
  • Roof: Tile
  • Pool Private: No
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0331F
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Fire Hydrant, Public, Sewer Connected, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside, Laundry Room
  • 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

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Waterfront
  • Association Amenities: Cable TV, Clubhouse, Elevator(s), Fitness Center, Pool, Storage, Vehicle Restrictions
  • Association Name: Lighthouse Property Management
  • Phone: 941-460-5560
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1138
  • Condo Fees Term: Quarterly
  • Association Email: Stephanie Ford
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 379
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 4552
  • Total Monthly Fees: 379.33

Schools

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

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0404051047
  • Additional Parcels: No
  • Lot Features: City Lot, Level, Near Public Transit
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Mike Miller

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 999
  • Minimum Lease: 3 Months
  • Approval Process: Please see condo docs for lease restrictions. Requires approval by Lighthouse Property Management.
  • Num Timesper Year: 4
  • Pet Restrictions: No size requirement for owners pets. Tenants may not have pets.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see condo docs for lease restrictions. Requires approval by Lighthouse Property Management.

Tax Info

  • Tax Annual Amount: 2857
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2019
Closed on
Jul 29, 2019
Sold by
Atriums Of Venice Inc
Bought by
Spine John S and Spine Linda A
Seller's Agent
Kari Pate
HOMESMART
Buyer's Agent
Mike Winger
TIDELINE REAL ESTATE BROKERS
List Price
$229,900
Sold Price
$222,222
Premium/Discount to List
-$7,678
-3.34%
Current Estimated Value
$319,901

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,679
Avg. Annual Appreciation
5.89%
Original Mortgage
$110,000
Outstanding Balance
$95,955
Interest Rate
3.82%
Mortgage Type
Commercial
Estimated Equity
$223,946

Purchase Details

Closed on
Dec 31, 2013
Sold by
Villella Gennaro
Bought by
Atriums Of Venice Inc

Purchase Details

Closed on
Dec 30, 2009
Sold by
Waterford At Magnolia Park Inc
Bought by
Villella Gennaro
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
Spine John S $222,000 Attorney
Atriums Of Venice Inc -- Attorney
Villella Gennaro $125,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Spine John S $110,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/29/2019 07/29/19 Sold $222,222 -3.3% $149 / Sq Ft
06/19/2019 06/19/19 Pending -- -- --
06/07/2019 06/07/19 For Sale $229,900 0.0% $155 / Sq Ft
06/03/2019 06/03/19 Pending -- -- --
04/13/2019 04/13/19 For Sale $229,900 -- $155 / 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 $2,630 $220,710 -- --
2024 $2,562 $214,490 -- --
2023 $2,562 $208,243 $0 $0
2022 $2,570 $202,178 $0 $0
2021 $2,262 $177,551 $0 $0
2020 $2,269 $175,100 $0 $175,100
2019 $2,879 $172,200 $0 $172,200
2018 $2,857 $170,400 $0 $170,400
2017 $2,929 $173,000 $0 $173,000
2016 $2,746 $170,800 $0 $170,800
2015 $2,482 $155,700 $0 $155,700
2014 $2,193 $120,400 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kari Pate

    Seller's Agent in 2019

    Kari Pate

    HOMESMART

    (770) 689-9650

    60 in this area

    103 Total Sales

    Kari Pate
    Section Image
  • Mike Winger

    Buyer's Agent in 2019

    Mike Winger

    TIDELINE REAL ESTATE BROKERS

    (941) 228-3390

    2 in this area

    48 Total Sales

    Mike Winger
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: N6105136

Stellar MLS

APN: 0404-05-1047

Florida Sarasota County Venice 34285

500 Gardens Edge Dr Unit 533, Venice, FL

Not Listed for Sale

Condos

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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