NOT LISTED FOR SALE

5315 Commonwealth Rd Palmetto, FL 34221

Estimated Value: $734,000 - $1,298,550

3 Beds
2.5 Baths
2,220 Sq Ft
$462/Sq Ft Est. Value

Last Sold August 29, 2012

Last sale price $415,000 $187 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $6,010/month

10 Days on Market

Highlights

  • 157 Feet of Waterfront
  • Boat Ramp
  • Water access To Gulf or Ocean To Bay
  • White Water Ocean Views
  • Parking available for a boat
  • Boat Lift

About This Home

As of August 2012

Short sale, Approved list price with Bank of America. Fabulous Key West style home on pristine Terra Ceia Bay. Some features of this lovely home are granite counters & top of the line appliances. Walk up to the observation deck for panoramic views Terra Ceia bay clear out to The Skyway Bridge & Anna Maria Island. Located On A Cul-de-sac with brick pavers ad plenty of privacy. A Gem On The Water! All wndows have plantation shutters and views of the water. Nice dock with two boat slips and one lift. Nice large heated pool surrounded by brick pavers and plenty of patio area for entertaining. This home is elevated so there's plenty of room downstairs for the toys. Don't worry about stairs, use the private elevator. The hot tub does not convey.

Last Agent to Sell the Property

Tim Lester

TIM LESTER INTERNAT'L REALTY Brokerage Phone: 941-981-5388 License #3101382 Listed on: 05/11/2012

Last Buyer's Agent

Tim Lester

TIM LESTER INTERNAT'L REALTY Brokerage Phone: 941-981-5388 License #3101382 Listed on: 05/11/2012

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,864

Year Built

  • Built in 2003

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 116.0x118.0
  • 157 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Waterfront Tip Lot
  • Cul-De-Sac
  • Street terminates at a dead end
  • South Facing Home
  • Fenced
  • Oversized Lot
  • Irrigation
  • Property is zoned RSF4.5

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Parking available for a boat

Property Views

  • White Water Ocean
  • Pool

Home Design

  • Key West Architecture
  • Elevated Home
  • Bi-Level Home
  • Metal Roof
  • Block Exterior
  • Siding
  • Pile Dwellings

Interior Spaces

  • 2,220 Sq Ft Home
  • Elevator
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Formal Dining Room
  • Fire and Smoke Detector
  • Laundry in unit
  • Attic

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Pool

  • Heated Indoor Pool
  • Pool Sweep

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Fishing Pier
  • No Fixed Bridges
  • Seawall
  • Boat Lift
  • Balcony
  • Deck
  • Covered Patio or Porch

Location

  • Flood Zone Lot

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Bay Colony Community
  • Palmetto Skyway Subdivision
  • The community has rules related to fencing

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,864

Year Built

Built in 2003

Lot Details

0

HOA Fees

$4 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Block, Siding
  • Fireplace: No
  • Living Area: 2220
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 4631
  • Lot Size Sq Ft: 13687
  • Directions to Property: Us 19 to 50th St West. Follow to Commonwealth on the rigt. Follow to the end.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • List Office Head Office Key Nume: 1044459
  • RATIO Current Price By Calculate: 186.94
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 1
  • Property Description: Elevated
  • MFR_CommunityAssociationWaterFeatures: Community Boat Ramp
  • Attribution Contact: 941-981-5388
  • Tax Year: 2011
  • Special Features: 4108

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Wood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Attic, Ceiling Fans(s), Elevator, High Ceilings, Living Room/Dining Room Combo, Stone Counters, Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Electric Water Heater, Exhaust Fan, Microwave, Oven, Range, Range Hood, Refrigerator
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 3
  • Levels: Two
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 5315
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Attic,Formal Dining Room Separate
  • Living Area Meters: 206.25
  • Room Count: 7

Exterior Features

  • Direction Faces: South
  • Pool Features: Heated, Indoor, Pool Sweep
  • Exterior Features: Balcony, French Doors, Irrigation System
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: TERRA CEIA BAY
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor,Gulf/Ocean to Bay
  • Water Extras: Bridges - No Fixed Bridges,Fishing Pier,Lift,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full,Gulf/Ocean to Bay
  • Water View YN: 1
  • Waterfront Feet Total: 157

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Boat, Garage Door Opener, Garage Faces Rear, Garage Faces Side, Oversized

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association Amenities: Fence Restrictions
  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association: No
  • Security: Smoke Detector(s)
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 50.00
  • Total Monthly Fees: 4.17

Lot Info

  • Zoning: RSF4.5
  • Parcel Number: 2222300059
  • Additional Parcels: No
  • Fencing: Fenced
  • Lot Features: Cul-De-Sac, FloodZone, In County, Oversized Lot, Street Dead-End, Paved, Tip Lot
  • Lot Dimensions: 116.0X118.0
  • Homestead YN: 1
  • Future Land Use: 0100

Rental Info

  • Pets Allowed: Yes
  • Expected Lease Date: 2012-08-29T00:00:00.000

Tax Info

  • Tax Annual Amount: 6864
  • Tax Book Number: 0012/0015
  • Tax Lot: 141

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 14, 2015
Sold by
Ryzner Judy A and Household Finance Corp Iii
Bought by
Ringling Todd
Current Estimated Value
$1,025,388

Purchase Details

Listed on
May 11, 2012
Closed on
Aug 29, 2012
Sold by
Croteau Roger and Croteau Barbara J
Bought by
Ringling Todd and Ringling Candace
Seller's Agent
Tim Lester
TIM LESTER INTERNAT'L REALTY
Buyer's Agent
Tim Lester
TIM LESTER INTERNAT'L REALTY
List Price
$415,000
Sold Price
$415,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.11%
Original Mortgage
$332,000
Interest Rate
3.53%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 17, 2012
Sold by
Schultz Kenneth E and Schultz Deborah F
Bought by
Croteau Roger and Tidewater Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.91%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2004
Sold by
Garcia Robert S and Garcia Suzan C
Bought by
Croteau Roger

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
1%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 6, 2004
Sold by
Garcia Robert S and Garcia Suzan C
Bought by
Cimermanis Olaf and Cimermanis Aija B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$760,000
Interest Rate
1%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
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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
Ringling Todd $30,800 None Available
Ringling Todd $415,000 Fidelity Title & Exchange Se
Croteau Roger $750,000 Barnes Walker Title Inc
Croteau Roger $950,000 Barnes Walker Title Inc
Cimermanis Olaf -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Ringling Todd $332,000
Previous Owner Croteau Roger $200,000
Previous Owner Croteau Roger $760,000
Closed Croteau Roger $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/29/2012 08/29/12 Sold $415,000 0.0% $187 / Sq Ft
05/22/2012 05/22/12 Pending -- -- --
05/11/2012 05/11/12 For Sale $415,000 -- $187 / 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 $7,532 $600,041 -- --
2024 $7,532 $583,130 -- --
2023 $7,465 $566,146 $0 $0
2022 $7,288 $549,656 $0 $0
2021 $7,320 $533,647 $0 $0
2020 $7,264 $526,279 $0 $0
2019 $7,170 $514,447 $0 $0
2018 $7,122 $504,855 $0 $0
2017 $6,615 $494,471 $0 $0
2016 $6,619 $484,301 $0 $0
2015 $6,718 $480,934 $0 $0
2014 $6,718 $477,117 $0 $0
2013 $6,706 $470,066 $230,450 $239,616
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: M5829149

Stellar MLS

APN: 22223-0005-9