NOT LISTED FOR SALE

5040 Commonwealth Dr Sarasota, FL 34242

Estimated Value: $2,152,000 - $2,693,000

4 Beds
2.5 Baths
3,974 Sq Ft
$633/Sq Ft Est. Value

Last Sold August 13, 2012

Last sale price $1,220,000 $307 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $14,300/month

121 Days on Market

Highlights

  • 74 Feet of Waterfront
  • Access To Intracoastal Waterway
  • Boat Lift
  • Phillippi Shores Elementary School Rated A
  • Deeded Boat Dock
  • Private Pool

About This Home

As of August 2012

Upscale living on Siesta Key, where an exquisite tropical lifestyle awaits, and large boats are easily accommodated at your fingertips. Wrap yourself in luxury in an elegant and spacious custom Key West style home with 4 bedrooms + den, 2 and 1 half baths, and 3,974 SF. The main level has a soaring foyer entering to a great room plan with spacious gourmet kitchen and butler's pantry designed in cherry with slab granite, stainless and bamboo floors. Both formal and casual dining spaces flow easily from all areas of the home. Also on this level; three bedrooms plus a study with built in dual maple desks and bookshelves. The upstairs Master Retreat has huge closets, a gorgeous bathroom in shades of aqua plus a bonus room. Wrap around porches, covered terraces and patio overlooking a sparkling pool to the Grand Canal provides dream-like outdoor living. A private deep-water dock & lift makes for quick trips to the Bay or Gulf. Imagine a perfect Florida home, naturally built to high standards by a Civil engineer owner insisting on top construction. All windows are impact glass; or hurricane mesh protected, the home is built about 4' above flood elevation. This Island retreat is built with magnificent architecture and top of the line finishes and a 3 car split garage that has plenty of storage. The residence is also located just minutes to downtown Sarasota and the white powdery sands of world famous Siesta Key Beach, recently voted "Best Beach in America."

Last Agent to Sell the Property

Tamara Currey

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-364-4000 License #3207646 Listed on: 02/28/2012

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Jennifer Linehan

MICHAEL SAUNDERS & COMPANY License #3202428

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,496

Year Built

  • Built in 2003

Lot Details

  • 9,200 Sq Ft Lot
  • 74 Feet of Waterfront
  • Property fronts a saltwater canal
  • Northeast Facing Home
  • Zero Lot Line
  • Property is zoned RSF2

Parking

  • 3 Car Attached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Key West Architecture
  • Elevated Home
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 3,974 Sq Ft Home
  • Open Floorplan
  • Dry Bar
  • High Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Blinds
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Inside Utility
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Convection Oven
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Pool

  • Private Pool
  • Spa
  • Child Gate Fence

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Deeded Boat Dock

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 0081100034

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,496

Year Built

Built in 2003

Lot Details

0

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Block, Other
  • Fireplace: Yes
  • Living Area: 3974
  • Lot Size Acres: 0.21
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 6258
  • Lot Size Sq Ft: 9200
  • Directions to Property: US 41 to Siesta Drive. West on Siesta over bridge to Siesta Key. Left on Midnight Pass at light to 2nd entrance to Commonwealth on right. House is on the left on the canal.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Appraiser
  • List Office Head Office Key Nume: 1037329
  • RATIO Current Price By Calculate: 307.00
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Property Description: Elevated
  • MFR_DockDescription: Dock - Slip Deeded On-Site
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Attribution Contact: 941-364-4000
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Dry Bar, Eat-in Kitchen, High Ceilings, Open Floorplan, Skylight(s), Solid Wood Cabinets, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 5040
  • ResoLivingAreaSource: Appraiser
  • Additional Rooms: Bonus Room,Breakfast Room Separate,Den/Library/Office,Formal Dining Room Separate,Great Room,Inside Utility
  • Living Area Meters: 369.20
  • Room Count: 10

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Child Safety Fence
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GRAND CANAL
  • Waterfront: Yes
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor,Canal - Saltwater,Intracoastal Waterway
  • Water Extras: Lift,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 74

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Security: Smoke Detector(s)
  • Association Fee Requirement: None

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0081100034
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Paved, Zero Lot Line
  • Homestead YN: 1
  • Zoning Compatible YN: 1
  • Future Land Use: 0100

Rental Info

  • Pets Allowed: Yes
  • Expected Lease Date: 2012-08-13T00:00:00.000

Tax Info

  • Tax Annual Amount: 10496
  • Tax Book Number: 0001/0167

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 14, 2017
Sold by
Baker Mark Damon and Baker Tammie
Bought by
Baker Marc D and Baker Tammie
Current Estimated Value
$2,514,961

Purchase Details

Closed on
Jul 1, 2017
Bought by
Baker Revocable Trust

Purchase Details

Closed on
Apr 25, 2017
Sold by
Corbin Chad M and Corbin Angela M
Bought by
Baker Mare Damon and Baker Tammie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$660,000
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2012
Closed on
Aug 2, 2012
Sold by
Karins David G and Karins Victoria J
Bought by
Corbin Chad M and Corbin Angela M
Seller's Agent
Tamara Currey
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Jennifer Linehan
MICHAEL SAUNDERS & COMPANY
List Price
$1,220,000
Sold Price
$1,220,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$650,000
Interest Rate
3.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 1998
Sold by
Haufe Max
Bought by
Karins David G and Karins Victoria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
6.9%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Baker Marc D -- None Available
Baker Revocable Trust $100 --
Baker Mare Damon $1,460,000 Sunebelt Title Agency
Corbin Chad M $1,220,000 Attorney
Karins David G $240,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Mare Damon $660,000
Previous Owner Corbin Chad M $650,000
Previous Owner Karins David G $192,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/13/2012 08/13/12 Sold $1,220,000 0.0% $307 / Sq Ft
06/29/2012 06/29/12 Pending -- -- --
02/28/2012 02/28/12 For Sale $1,220,000 -- $307 / 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
2024 $13,323 $1,377,822 -- --
2023 $13,323 $1,100,604 $0 $0
2022 $12,990 $1,068,548 $0 $0
2021 $12,920 $1,037,425 $0 $0
2020 $13,002 $1,023,102 $0 $0
2019 $12,632 $1,000,100 $411,400 $588,700
2018 $12,990 $1,028,673 $0 $0
2017 $12,526 $974,602 $0 $0
2016 $12,532 $1,071,000 $450,700 $620,300
2015 $12,771 $980,100 $448,700 $531,400
2014 $12,730 $926,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A3956642

Stellar MLS

APN: 0081-10-0034