NOT LISTED FOR SALE

Estimated Value: $1,648,000 - $1,970,000

4 Beds
3 Baths
3,307 Sq Ft
$553/Sq Ft Est. Value

Last Sold August 30, 2022

Last sale price $2,160,000 $653 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $11,181/month

16 Days on Market

Highlights

  • 484 Feet of Waterfront
  • Dock made with wood
  • Home fronts a creek
  • Phillippi Shores Elementary School Rated A
  • In Ground Pool
  • Creek or Stream View

About This Home

As of August 2022

This exceedingly rare property is now on the market for the first time in over 30 years and features an exceptionally private yet central location in the heart of Sarasota. The setting is a peninsular lot at the end of a quiet street with an almost unheard of 487 +/- feet of scenic water frontage with boating access all the way to Sarasota bay and beyond to the Gulf of Mexico. Imagine your morning coffee on the back deck with no neighbors on either side and endless treed views of Philippi Creek for your enjoyment. Pulling into the gated entry drive, upon entering the home you will find a soaring front entry, and a lovingly cared for home. The flexible floor plan boasts views from nearly every window and the backyard pool setting is magnificent. You can even have a look at the water from the private dock! This rare combination of central location and prime water frontage is truly a sight to behold.

Last Agent to Sell the Property

Drew Russell

MICHAEL SAUNDERS & COMPANY License #3108183 Listed on: 07/06/2022

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Jeffrey Hinrichs

MICHAEL SAUNDERS & COMPANY License #3240278

Last Buyer's Agent

Drew Russell

MICHAEL SAUNDERS & COMPANY License #3108183 Listed on: 07/06/2022

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,080

Year Built

  • Built in 1973

Lot Details

  • 0.45 Acre Lot
  • Home fronts a creek
  • 484 Feet of Waterfront
  • Key Lot That May Back To Multiple Homes
  • Northeast Facing Home
  • Wood Fence
  • Level Lot
  • Property is zoned RSF1

Parking

  • 2 Car Attached Garage
  • Ground Level Parking
  • Garage Door Opener
  • Open Parking

Home Design

  • Florida Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,307 Sq Ft Home
  • 2-Story Property
  • Skylights
  • Den
  • Storage Room
  • Creek or Stream Views
  • Hurricane or Storm Shutters

Kitchen

  • Range with Range Hood
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Linoleum
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom Upstairs
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Seawall
  • No Wake Zone
  • Dock made with wood
  • Balcony

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Cooling System Mounted To A Wall/Window
  • Central Air
  • Heating Available
  • Electric Water Heater
  • Water Softener

Community Details

  • No Home Owners Association
  • Phillippi Shores Community
  • Phillippi Shores Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,080

Year Built

Built in 1973

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco, Wood Frame
  • Fireplace: Yes
  • Living Area: 3307
  • Lot Size Acres: 0.45
  • New Construction: No
  • Year Built: 1973
  • Building Area Total: 5001
  • Lot Size Sq Ft: 19700
  • Directions to Property: Highway 41 to East on Phillippi Street, South (right) on Riverwood Ave. Left on Admiral Way, Right on Admiral Place, follow to house at end of cul de sac.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4541153?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4541153?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.9
  • Price per Sq Ft: 653.16
  • Close to Original List Price Ratio: 0.9
  • Ratio: Current Price\Building Area Total: 431.91
  • View: Yes
  • Co List Office Mls Id: 281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Laminate, Linoleum, Tile
  • Full Bathrooms: 3
  • Interior Amenities: Master Bedroom Upstairs, Skylight(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Microwave, Range, Range Hood, Refrigerator, Washer, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Yn: No
  • Stories: 2
  • Street Number Modifier: 5152
  • Room Count: 9
  • Additional Rooms: Den/Library/Office, Storage Rooms
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Gunite, In Ground, Lighting
  • Exterior Features: Balcony, Fenced, Hurricane Shutters
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Water View: Creek
  • Water Extras: Dock - Wood, No Wake Zone, Seawall - Concrete, Seawall - Other
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: Yes
  • Waterfront Frontage: 484
  • Water Frontage Feet Creek: 484
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Cooling: Central Air, Wall/Window Unit(s)
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public 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

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0085140030
  • Additional Parcels: No
  • Fencing: Wood
  • Lot Features: FloodZone, In County, Key Lot, Level
  • Flood Zone Code: AE
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 5079.75
  • Tax Book Number: 8-96
  • Tax Lot: 6

Multi Family

  • Waterfront Features: Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Aug 30, 2022
Sold by
Matthews Wade H B and Matthews Betty M
Bought by
Wagner Jason K and Wagner Shauna C
Seller's Agent
Drew Russell
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Drew Russell
MICHAEL SAUNDERS & COMPANY
List Price
$2,400,000
Sold Price
$2,160,000
Premium/Discount to List
-$240,000
-10%
Views
2
Current Estimated Value
$1,830,385

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$329,615
Avg. Annual Appreciation
-5.27%
Original Mortgage
$1,728,000
Outstanding Balance
$1,654,154
Interest Rate
5.5%
Mortgage Type
New Conventional
Estimated Equity
$176,231
Source: Public Records

Range of Values:

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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
Wagner Jason K $2,160,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wagner Jason K $1,728,000
Previous Owner Matthews Betty M $50,000
Previous Owner Matthews Wade H B $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2022 08/30/22 Sold $2,160,000 -10.0% $653 / Sq Ft
07/23/2022 07/23/22 Pending -- -- --
07/06/2022 07/06/22 For Sale $2,400,000 -- $726 / 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 $18,168 $1,357,200 $914,600 $442,600
2023 $18,168 $1,519,546 $0 $0
2022 $5,272 $408,524 $0 $0
2021 $5,237 $396,625 $0 $0
2020 $5,251 $391,149 $0 $0
2019 $5,088 $382,355 $0 $0
2018 $4,982 $375,226 $0 $0
2017 $4,962 $367,508 $0 $0
2016 $4,961 $726,800 $503,300 $223,500
2015 $5,044 $691,300 $381,300 $310,000
2014 $5,026 $349,369 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4541153

Stellar MLS

APN: 0085-14-0030