NOT LISTED FOR SALE

5116 Timber Chase Way Sarasota, FL 34238

Estimated Value: $592,216 - $619,000

3 Beds
2 Baths
1,714 Sq Ft
$354/Sq Ft Est. Value

Last Sold April 25, 2019

Last sale price $389,000 $227 Per Sq Ft

Est. 56% increase in value since last sale

Current estimated payment $3,797/month

145 Days on Market

Highlights

  • Access To Lake
  • Screened Pool
  • Lake View
  • Ashton Elementary School Rated A
  • Gated Community
  • Open Floorplan

About This Home

As of April 2019

Magnificent 180 degree lake views from the pool lanai, living room, kitchen and master bedroom. The SW exposure provides one of the nicest unobstructed lake views in Turtle Rock. This beautiful immaculate home on a quiet cul-de-sac, has been freshly painted, both inside and out, including the roof and garage floor. Gorgeous granite in the kitchen and bathrooms, newer carpet throughout, custom window treatments in all rooms, newer appliances, pool resurfaced in 2018, new hardware in the kitchen and bathrooms, built in buffet in the dining room and built in desk area in the third bedroom. The owners are in the fibre optic lighting business and this home is reflective of this-pretty sconces, beveled pot lighting, up lighting under the dining room buffet and spectacular outdoor fibre optic lighting in the pool lanai. With a flick of a switch, you can choose what color to illuminate the pool area for the evening while you relax by the lake-fabulous for entertaining! This home is move in ready! Turtle Rock is a much sought after community complete with a newly renovated clubhouse, geothermal heated pool, tennis courts, basketball/pickle ball courts, playground and 9 miles of walking trails. There is also an active social life if you so desire. With 24 hour security and located in a highly rated school district, Turtle Rock is a great place to call home. Close to Siesta Key Beach, the Legacy Biking Trail, YMCA, Costco and plentiful shopping, dining and entertaining. Live the Florida lifestyle at its best!

Last Agent to Sell the Property

Joan Cunnison

COLDWELL BANKER REALTY License #3235405 Listed on: 10/15/2018

COLDWELL BANKER REALTY

Last Buyer's Agent

Phyllis Garfinkel

MICHAEL SAUNDERS & COMPANY License #0189278

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,794

Year Built

  • Built in 1996

Lot Details

  • 7,998 Sq Ft Lot
  • Northeast Facing Home
  • Landscaped with Trees
  • Property is zoned RSF1

HOA Fees

  • $133 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Open Parking

Home Design

  • Bungalow
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,714 Sq Ft Home
  • Open Floorplan
  • Coffered Ceiling
  • Ceiling Fan
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Lake Views

Kitchen

  • Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Gunite Pool
  • Fence Around Pool
  • Fiber Optic Pool Lighting

Outdoor Features

  • Access To Lake
  • Enclosed patio or porch

Schools

  • Ashton Elementary School
  • Sarasota Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include 24-hour guard, community pool, escrow reserves fund, manager, recreational facilities
  • Sunstate Management Group Association, Phone Number (941) 870-4920
  • Turtle Rock Community
  • Turtle Rock Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Tennis Courts
  • Community Basketball Court
  • Recreation Facilities
  • Community Playground
  • Community Pool

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,794

Year Built

Built in 1996

Lot Details

0

HOA Fees

$133 per month

Parking

2

Listing Details

  • HOA Fee Includes: 24-Hour Guard, Community Pool, Escrow Reserves Fund, Manager, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1714
  • Lot Size Acres: 0.18
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 2285
  • Lot Size Sq Ft: 7998
  • Directions to Property: Palmer Ranch Parkway to Turtle Rock Blvd. Please proceed through the gate and make a left onto Timber Chase Way. Home is on the right hand side.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4415600&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4415600&cview=true&show_results=true&customer_portal=true
  • FCHR URL: No
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.98481
  • Price per Sq Ft: 226.95
  • Close to Original List Price Ratio: 0.93735
  • Ratio: Current Price\Building Area Total: 170.24
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Coffered Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Ice Maker, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Window Features: Blinds, Drapes, Rods, Window Treatments
  • Street Number Modifier: 5116
  • Room Count: 7
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Fiber Optic Lighting, Gunite, Heated, In Ground, Screen Enclosure
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Covered, Enclosed, Patio, Screened
  • Road Surface Type: Paved
  • Water View: Lake
  • Water Access: Lake
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0227F
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Electricity Available, Fiber Optics, Public, Sewer Connected, Sprinkler Recycled
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Irrigation-Reclaimed Water, Playground, Pool, Sidewalk, Tennis Courts
  • Association Amenities: Basketball Court, Clubhouse, Gated, Playground, Pool, Recreation Facilities, Security, Tennis Court(s)
  • Association Fee: 400
  • Association Fee Frequency: Quarterly
  • Association Name: Sunstate Management Group
  • Phone: 941-870-4920
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 1600
  • Monthly HOA Fee: 133.33
  • Total Monthly Fees: 133.33

Schools

  • Elementary School: Ashton Elementary
  • High School: Riverview High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0120040034
  • Additional Parcels: No
  • Lot Features: In County
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 3 Months
  • Approval Process: See HOA docs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA docs

Tax Info

  • Tax Annual Amount: 3794
  • Tax Block: F
  • Tax Book Number: 37-40
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 15, 2018
Closed on
Apr 23, 2019
Sold by
Bowey Robert John and Bowey Robert Neville
Bought by
Mercer Susan
Seller's Agent
Joan Cunnison
COLDWELL BANKER REALTY
Buyer's Agent
Phyllis Garfinkel
MICHAEL SAUNDERS & COMPANY
List Price
$415,000
Sold Price
$389,000
Premium/Discount to List
-$26,000
-6.27%
Current Estimated Value
$607,304

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,304
Avg. Annual Appreciation
7.39%

Purchase Details

Closed on
Nov 2, 2001
Sold by
Rhodes Stephen and Rhodes Wendy
Bought by
Bowey Robert John and Bowey Robert Neville

Purchase Details

Closed on
Jan 14, 1999
Sold by
Cheney Raymond L and Cheney Phyllis A
Bought by
Rhodes Stephen and Peddie Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,000
Interest Rate
6.71%

Purchase Details

Closed on
Oct 11, 1996
Sold by
U S Home Corp
Bought by
Cheney Raymond L and Cheney Phyllis A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$123,000
Interest Rate
8.05%
Source: Public Records

Range of Values:

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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
Mercer Susan $389,000 Attorney
Bowey Robert John $250,000 --
Rhodes Stephen $235,000 --
Cheney Raymond L $223,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rhodes Stephen $60,000
Previous Owner Cheney Raymond L $123,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2019 04/25/19 Sold $389,000 -1.5% $227 / Sq Ft
03/04/2019 03/04/19 Pending -- -- --
01/27/2019 01/27/19 Price Changed $395,000 -2.5% $230 / Sq Ft
11/26/2018 11/26/18 Price Changed $405,000 -2.4% $236 / Sq Ft
10/16/2018 10/16/18 For Sale $415,000 +6.7% $242 / Sq Ft
10/15/2018 10/15/18 Off Market $389,000 -- --
10/10/2018 10/10/18 For Sale $415,000 -- $242 / 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 $3,717 $325,759 -- --
2023 $3,717 $316,271 $0 $0
2022 $3,597 $307,059 $0 $0
2021 $3,559 $298,116 $0 $0
2020 $3,564 $294,000 $101,200 $192,800
2019 $3,819 $277,300 $94,600 $182,700
2018 $3,505 $253,600 $76,500 $177,100
2017 $3,794 $271,480 $0 $0
2016 $3,537 $246,800 $69,900 $176,900
2015 $3,504 $237,900 $64,400 $173,500
2014 $3,344 $207,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4415600

Stellar MLS

APN: 0120-04-0034