NOT LISTED FOR SALE

5318 Colony Meadows Ln Sarasota, FL 34233

Estimated Value: $581,000 - $657,000

4 Beds
3.5 Baths
2,311 Sq Ft
$271/Sq Ft Est. Value

Last Sold June 07, 2021

Last sale price $500,000 $216 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $3,972/month

3 Days on Market

Highlights

  • 60 Feet of Waterfront
  • Oak Trees
  • Home fronts a creek
  • Ashton Elementary School Rated A
  • Heated Pool
  • View of Trees or Woods

About This Home

As of June 2021

This beautiful pool home sits on a quiet cul-de-sac in Colony Meadows. Open living at its best for entertaining that leads to outdoor living spaces including a screened pool, covered sitting area with a swing and a hard top gazebo on a running stream. You will feel like you're living in your own oasis. This remodeled home has updates galore including roof (2017), salt pool equipment/heater (2017), water heater, and HVAC (2018). You enter the home through a spacious formal living room/dining room combination. Continue walking through to a large kitchen/dining room/family room combo. The kitchen is a chef's paradise. The stove, refrigerator, and dishwasher were updated in 2019. A new kitchen island installed in 2019. The kitchen has granite counter tops with pull-outs in most lower cabinets. The 2nd dining room is as big as the kitchen and leads to the family room giving you that open feeling. Sliding glass doors lead out to your salt water pool that had solar panels and a pool pump in 2019. The pool also had a salt water generator in 2020. There is a large screen lanai sitting area for that morning "quiet time" or just a cup of coffee. There is also a hard top gazebo with a built in barbecue and a 32" gas grill that was purchased in 2021. The master bedroom has engineered wood flooring and a stylish barn door installed in 2019. A private hallway leads to bedrooms 2 and 3 with a bathroom in between. The "4th bedroom" has built in shelving and en suite full bathroom that doubles as a pool bath. This room could easily be used as a library, office/den, or a mother in law suite since it has a small wet bar kitchenette. Other updates include high impact widows on the front and both sides installed in 2020 and gutter guards in 2019. All closets have built in organization. The property is beautifully landscaped with mature trees including the recently pruned oak tree in the front yard. There are fenced dog runs on both sides of the home. This home has A-Plus schools including the much sought after and award winning 5 star Ashton elementary recognized as a "Model School" for its academic excellence. Don't miss this opportunity

Last Agent to Sell the Property

Maddie Dreyer-Basham PA

COLDWELL BANKER REALTY License #3045035 Listed on: 04/15/2021

COLDWELL BANKER REALTY

Co-Listed By

Nelle Dreyer, PA

COLDWELL BANKER REALTY License #3221917

Last Buyer's Agent

Afra Newell

KW PEACE RIVER PARTNERS License #3190804

KW PEACE RIVER PARTNERS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,143

Year Built

  • Built in 1998

Lot Details

  • 7,200 Sq Ft Lot
  • Lot Dimensions are 60x120
  • Home fronts a creek
  • 60 Feet of Waterfront
  • North Facing Home
  • Fenced
  • Oak Trees
  • Property is zoned RSF4

HOA Fees

  • $17 Monthly HOA Fees

Parking

  • 2 Car Garage

Property Views

  • Woods
  • Creek or Stream
  • Park or Greenbelt
  • Pool

Home Design

  • Contemporary Architecture
  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,311 Sq Ft Home
  • 1-Story Property
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Family Room
  • L-Shaped Dining Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Inside Utility

Kitchen

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

Flooring

  • Engineered Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Fire and Smoke Detector

Pool

  • Heated Pool
  • Solar Heated Pool

Outdoor Features

  • Outdoor Kitchen
  • Gazebo
  • Rain Gutters

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Colony Meadows Association, Phone Number (941) 922-0490
  • Visit Association Website
  • Colony Meadows Community
  • Colony Meadows Subdivision
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,143

Year Built

Built in 1998

Lot Details

0

HOA Fees

$17 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary, Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2311
  • Lot Size Acres: 0.17
  • New Construction: No
  • Year Built: 1998
  • Building Area Total: 2932
  • Lot Size Sq Ft: 7200
  • Directions to Property: Take Clark road to north on Honore. Turn right (east) on Colony Meadows. The home will be third on the right, no sign. Off Honore between Clark and Proctor just south of Ashton Road
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4496698?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4496698?w=Customer
  • Homestead Y N: Yes
  • Number Of Pets: 2
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 216.36
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 170.53
  • View: Yes
  • Co List Office Mls Id: 281502055
  • Co List Office Phone: 941-388-3966
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Engineered Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), L Dining, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Convection Oven, Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Street Number Modifier: 5318
  • Room Count: 9
  • Additional Rooms: Bonus Room, Den/Library/Office, Family Room, Formal Dining Room Separate, Inside Utility

Exterior Features

  • Direction Faces: North
  • Other Structures: Gazebo, Outdoor Kitchen
  • Pool Features: Heated, Solar Heat
  • Exterior Features: Fenced, Outdoor Kitchen, Rain Gutters, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • View: Park, Pool, Trees/Woods, Water
  • Waterfront: Yes
  • Water View: Creek
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115CO164F
  • Waterfront Frontage: 60
  • Water Frontage Feet Creek: 60
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Sidewalk
  • Association Fee: 200
  • Association Fee Frequency: Annually
  • Association Name: COLONY MEADOWS ASSOCIATION
  • Phone: 941-922-0490
  • Association: Yes
  • Security: Security System, Smoke Detector(s)
  • Senior Community: No
  • Association Website: http://www.homeowners-associations-florida.com/
  • Association Email: colonymeadows@aol.com
  • S W Subdiv Condo Num: 268
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 200
  • Monthly HOA Fee: 16.67
  • Total Monthly Fees: 16.67

Schools

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

Lot Info

  • Zoning: RSF4
  • Parcel Number: 0094050024
  • Additional Parcels: No
  • Lot Dimensions: 60X120
  • Flood Zone Code: X
  • Flood Zone Date: 2016-11-04

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1-2 Years
  • Approval Process: See HOA docs
  • Pet Restrictions: COUNTY/CITY LEASH LAW
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA docs

Tax Info

  • Tax Annual Amount: 4142.52
  • Tax Book Number: 39-14
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
Jun 3, 2021
Sold by
Sprague Bruce L and Sprague Karla K
Bought by
Perez Tiago Barreto Goes and Faedo Chiara Fernanda
Seller's Agent
Maddie Dreyer-Basham PA
COLDWELL BANKER REALTY
Buyer's Agent
Afra Newell
KW PEACE RIVER PARTNERS
List Price
$500,000
Sold Price
$500,000
Current Estimated Value
$627,276

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,276
Avg. Annual Appreciation
5.62%
Original Mortgage
$475,000
Outstanding Balance
$431,922
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$197,394

Purchase Details

Listed on
Oct 9, 2018
Closed on
Jan 7, 2019
Sold by
Lester Gregory A and Lester Darlene R
Bought by
Sprague Bruce L and Sprague Karla K
Seller's Agent
Bryan Dwyer
Buyer's Agent
David Basham
COLDWELL BANKER REALTY
List Price
$425,000
Sold Price
$420,000
Premium/Discount to List
-$5,000
-1.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%

Purchase Details

Closed on
Jun 30, 2000
Sold by
Kolbe Scott L
Bought by
Lester Gregory and Lester Darlene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,375
Interest Rate
8.63%

Purchase Details

Closed on
Feb 9, 2000
Sold by
Kolbe Const Svc Inc
Bought by
Kolbe Scott L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,500
Interest Rate
8.11%

Purchase Details

Closed on
May 14, 1999
Sold by
Kolbe Dev Corp
Bought by
Kolbe Const Svc Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$726,000
Interest Rate
6.98%

Purchase Details

Closed on
Oct 30, 1997
Sold by
B D S Dev Corp
Bought by
Kolbe Dev Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
7.27%
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
Perez Tiago Barreto Goes $500,000 Attorney
Sprague Bruce L $420,000 Attorney
Lester Gregory $142,500 --
Kolbe Scott L $155,000 --
Kolbe Const Svc Inc $115,000 --
Kolbe Dev Corp $33,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perez Tiago Barreto Goes $475,000
Previous Owner Lester Gregory A $50,000
Previous Owner Lester Gregory $70,000
Previous Owner Kolbe Const Svc Inc $15,000
Previous Owner Lester Gregory $135,375
Previous Owner Kolbe Const Svc Inc $139,500
Previous Owner Kolbe Const Svc Inc $726,000
Previous Owner Kolbe Dev Corp $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/07/2021 06/07/21 Sold $500,000 0.0% $216 / Sq Ft
04/18/2021 04/18/21 Pending -- -- --
04/15/2021 04/15/21 For Sale $500,000 +19.0% $216 / Sq Ft
01/07/2019 01/07/19 Sold $420,000 -1.2% $182 / Sq Ft
12/09/2018 12/09/18 Pending -- -- --
10/09/2018 10/09/18 For Sale $425,000 -- $184 / 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 $6,444 $548,800 $115,000 $433,800
2023 $6,444 $540,800 $106,800 $434,000
2022 $6,688 $525,200 $132,300 $392,900
2021 $4,208 $342,747 $0 $0
2020 $4,143 $331,900 $83,800 $248,100
2019 $2,836 $230,454 $0 $0
2018 $2,760 $226,157 $0 $0
2017 $2,599 $209,920 $0 $0
2016 $2,592 $259,500 $55,200 $204,300
2015 $2,636 $248,200 $42,700 $205,500
2014 $2,658 $189,671 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4496698

Stellar MLS

APN: 0094-05-0024