NOT LISTED FOR SALE

516 E Lake Dr Sarasota, FL 34232

Estimated Value: $482,000 - $583,000

3 Beds
2 Baths
2,362 Sq Ft
$228/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $459,000 $194 Per Sq Ft

Est. 18% increase in value since last sale

Current estimated payment $3,250/month

4 Days on Market

Highlights

  • 168 Feet of Waterfront
  • Parking available for a boat
  • Screened Pool
  • Sarasota High School Rated A-
  • Fishing Pier
  • Home fronts a pond

About This Home

As of June 2021

Multiple Offers Received. Please submit Highest and Best Offers by 3:00pm today, Friday 5/14/2021. Charming pool home with a lake view and lots to offer! This 3 bedroom home, has plenty of room to spread out and is nicely appointed. Kitchen has been updated and has a great view of the lake. Tile floors throughout the home and open living room & dining combination. Master bedroom and guest bedroom over looking the pool area and lake views. The whole family can fit in this huge family room 24 x 20 , which is perfect for entertaining. You will feel relaxed at the end of any day enjoying the large pool and lanai area, with a perfect view of the lake. Plenty of room to gather in the backyard under the oak tree next to the lake. Sherwood Estates offers no deed restrictions, which allows you boat and toy parking. So if you are looking for great place to call home with a great location book your private tour of this home today.

Last Agent to Sell the Property

Kano Keller

WHITE SANDS REALTY GROUP FL License #3009427 Listed on: 05/13/2021

WHITE SANDS REALTY GROUP FL

Co-Listed By

Michael Burke

WHITE SANDS REALTY GROUP FL License #3086681

Last Buyer's Agent

Mugsie Quinlan

PREMIER PROPERTIES OF SRQ LLC License #3266137

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,041

Year Built

  • Built in 1960

Lot Details

  • 0.34 Acre Lot
  • Home fronts a pond
  • 168 Feet of Waterfront
  • Lake Front
  • East Facing Home
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RSF1

HOA Fees

  • $10 Monthly HOA Fees

Property Views

  • Lake
  • Pond
  • Pool

Home Design

  • Ranch Style House
  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,362 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Family Room
  • Combination Dining and Living Room
  • Breakfast Room
  • Storage Room
  • Inside Utility
  • Security System Owned

Kitchen

  • Range
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Carport Spaces
  • Oversized Parking
  • Driveway
  • Parking available for a boat

Pool

  • Screened Pool
  • In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Fishing Pier
  • Deck
  • Screened Patio
  • Porch

Utilities

  • Mini Split Air Conditioners
  • Central Heating and Cooling System
  • Well
  • Septic Tank
  • Cable TV Available

Community Details

  • Sherwood Estates Community
  • Sherwood Estates Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,041

Year Built

Built in 1960

Lot Details

0.34 Acres

HOA Fees

$10 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida, Ranch
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 2362
  • Lot Size Acres: 0.34
  • New Construction: No
  • Year Built: 1960
  • Building Area Total: 3458
  • Lot Size Sq Ft: 14605
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6115383?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6115383?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Subdivision Num: 824
  • Ratio: Close Price\List Price: 1.02023
  • Price per Sq Ft: 194.33
  • Close to Original List Price Ratio: 1.02023
  • Ratio: Current Price\Building Area Total: 132.74
  • View: Yes
  • Co List Office Mls Id: 284509352
  • Co List Office Phone: 941-923-5835
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Window Treatments
  • Room Count: 8
  • Additional Rooms: Breakfast Room Separate, Family Room, Inside Utility, Storage Rooms

Exterior Features

  • Direction Faces: East
  • Pool Features: In Ground, Screen Enclosure
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • View: Pool, Water
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Road Surface Type: Asphalt, Paved
  • Water View: Lake, Pond
  • Water Extras: Fishing Pier
  • Water View Y N: Yes
  • Number Of Wells: 1
  • Water Access Y N: No
  • Water Extras Y N: Yes
  • Waterfront Frontage: 168
  • Water Frontage Feet Lake: 84
  • Water Frontage Feet Pond: 84
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Boat, Driveway, Oversized
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Air, Mini-Split Unit(s)
  • Heating: Central, Electric
  • Laundry Features: Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Number Of Septics: 1
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Amenities: Cable TV
  • Association Fee: 125
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Security System Owned
  • Senior Community: No
  • S W Subdiv Condo Num: 824
  • Association Fee Requirement: Optional
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 125
  • Monthly HOA Fee: 10.42
  • Total Monthly Fees: 10.42

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0045140032
  • Additional Parcels: No
  • Flood Zone Code: X

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2041
  • Tax Book Number: 10/43
  • Tax Lot: 65

Multi Family

  • Waterfront Features: Lake, Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2021
Closed on
Jun 8, 2021
Sold by
Gnerre Family Trust and The Gnerre Family Trust
Bought by
Davison Katherine and Murtha Thomas
Seller's Agent
Kano Keller
WHITE SANDS REALTY GROUP FL
Buyer's Agent
Mugsie Quinlan
PREMIER PROPERTIES OF SRQ LLC
List Price
$449,900
Sold Price
$459,000
Premium/Discount to List
$9,100
2.02%
Current Estimated Value
$539,565

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$80,565
Avg. Annual Appreciation
3.51%

Purchase Details

Closed on
Mar 28, 2016
Sold by
Gnerre William F and Gnerre Francine M
Bought by
Gnerre Family Trust and Gnerre Francine M

Purchase Details

Closed on
Aug 22, 2007
Sold by
Northern Trust Na
Bought by
Gnerre William F and Gnerre Francine M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.65%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 10, 2002
Sold by
Croxton Frank E
Bought by
Croxton Frank E and Croxton Emily J
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
Davison Katherine $459,000 New Title Company Name
Gnerre Family Trust -- Attorney
Gnerre William F $225,000 Independent Title & Escrow C
Croxton Frank E -- --
Croxton Frank E -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gnerre William F $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2021 06/08/21 Sold $459,000 +2.0% $194 / Sq Ft
05/15/2021 05/15/21 Pending -- -- --
05/11/2021 05/11/21 For Sale $449,900 -- $190 / Sq Ft
Source: Stellar MLS

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 $5,623 $443,500 $205,800 $237,700
2024 $5,350 $461,400 $171,200 $290,200
2023 $5,350 $441,767 $0 $0
2022 $5,214 $428,900 $161,500 $267,400
2021 $2,052 $155,537 $0 $0
2020 $2,041 $153,390 $0 $0
2019 $1,957 $149,941 $0 $0
2018 $1,898 $147,145 $0 $0
2017 $1,886 $144,119 $0 $0
2016 $1,909 $233,600 $78,800 $154,800
2015 $1,936 $225,600 $75,800 $149,800
2014 $1,927 $137,007 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6115383

Stellar MLS

APN: 0045-14-0032

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