NOT LISTED FOR SALE

5404 Coral Lake Dr Bradenton, FL 34210

Estimated Value: $558,000

2 Beds
1 Bath
912 Sq Ft
$612/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $1,050,000 $1,151 Per Sq Ft

Est. 47% decrease in value since last sale

Current estimated payment $3,639/month

65 Days on Market

Highlights

  • 400 Feet of Waterfront
  • 1.13 Acre Lot
  • No HOA
  • View of Trees or Woods
  • Wooded Lot
  • Mature Landscaping

About This Home

As of May 2022

RARE OPPORTUNITY to own 1.13 acres of buildable waterfront property with approximately 400ft of water frontage and quick access to Sarasota Bay and the Gulf. The property is located in a secluded, no deed restrictions community of five homes through private road. Public water and septic system provide your utility needs. Presently on the property is a two bed one bath home that can be either renovated/expanded or demolished to make way for your new dream home. Of the 400ft of water frontage approximately 180 ft has a concrete seawall for you to design build your dock. The property size of over an acre gives endless opportunities for different home designs and pool plus other amenities like tennis court, basketball area etc. Situated close to IMG great location for either budding athletes or established professionals.
Survey, elevation certificate and Geotechnical Survey (great soil conditions for building your large dream home) have been completed and will be made available following contract acceptance. Come and drive to this outstanding location and visualize your new dream home.

Last Agent to Sell the Property

Martin Brown

KW PEACE RIVER PARTNERS License #3355088 Listed on: 02/03/2022

KW PEACE RIVER PARTNERS

Co-Listed By

Yi Jiang

KW PEACE RIVER PARTNERS License #3348415

Last Buyer's Agent

Greg Martin

STERLING REALTY License #3318728

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,275

Year Built

  • Built in 1996

Lot Details

  • 1.13 Acre Lot
  • Lot Dimensions are 150x165
  • 400 Feet of Waterfront
  • Waterfront Tip Lot
  • Property fronts a saltwater canal
  • Property fronts a private road
  • South Facing Home
  • Mature Landscaping
  • Oversized Lot
  • Irregular Lot
  • Wooded Lot
  • Property is zoned RSF-4.5

Parking

  • Driveway

Property Views

  • Woods
  • Canal

Home Design

  • Bungalow
  • Fixer Upper
  • Stem Wall Foundation
  • Wood Frame Construction
  • Shingle Roof

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Tile Flooring

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Access to Saltwater Canal
  • Gazebo

Location

  • Flood Zone Lot
  • City Lot

Schools

  • Sea Breeze Elementary School
  • W.D. Sugg Middle School
  • Bayshore High School

Utilities

  • No Cooling
  • No Heating
  • Septic Tank
  • Septic Needed
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Cortez Estates Community
  • Cortez Estates Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,275

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 912
  • Lot Size Acres: 1.13
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 1211
  • Lot Size Sq Ft: 49406
  • Directions to Property: Heading West on Cortez Rd (FL684) turn left onto 86St W. Turn right onto 53rd Ave. and then take the 1st right onto 86th Street Ct. Take the 1st left onto 51st Ave. Next make a quick turn left onto Coral Lake Dr and enter through the gate posts to the private road. Continue down the private road until the end. You have arrived!
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7454669?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/C7454669?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.95455
  • Price per Sq Ft: 1151.32
  • Close to Original List Price Ratio: 0.95455
  • Ratio: Current Price\Building Area Total: 867.05
  • View: Yes
  • Co List Office Mls Id: 274501116
  • Co List Office Phone: 941-875-9060
  • Ownership: Fee Simple
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 1
  • Interior Amenities: Master Bedroom Main Floor, Other
  • Appliances Included: None
  • Foundation Details: Stem Wall
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5404
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Other Structures: Gazebo
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Trees/Woods, Water
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C - 0284
  • Waterfront Frontage: 400
  • Additional Water Information: Concrete seawall measures approximately 180 ft and remaining approximately 220' ft water frontage is vegetation.
  • Water Frontage Feet Canal Salt: 400
  • Disclosures: None

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Driveway
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Water Connected
  • Cooling: None
  • Heating: None
  • Sewer: Septic Needed, Septic Tank
  • Water Source: Public
  • Number Of Septics: 1
  • Cooling Y N: No
  • Heating Yn: No

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

  • Elementary School: Sea Breeze Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: RSF-4.5
  • Parcel Number: 7665800059
  • Additional Parcels: No
  • Lot Features: FloodZone, City Lot, Irregular Lot, Oversized Lot, Tip Lot
  • Lot Dimensions: 150x165
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • Zoning Compatible Y N: Yes

Rental Info

  • Furnished: Unfurnished
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 4274.51
  • Tax Lot: 81

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 13, 2019
Closed on
Oct 21, 2020
Sold by
Hoban Brian K and Brian K Hoban Revocable Trust
Bought by
Shang Yi and Wu Na
Seller's Agent
Jaymie Carter
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Yi Jiang
KW PEACE RIVER PARTNERS
List Price
$790,000
Sold Price
$650,000
Premium/Discount to List
-$140,000
-17.72%
Current Estimated Value
$558,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$92,000

Purchase Details

Closed on
Jun 24, 2016
Sold by
Hoban Brian K and Brian K Hoban Revocable Trust
Bought by
Haban Brian K and Brain K Hoban Revocable Trust

Purchase Details

Closed on
Jun 1, 2016
Bought by
Hoban Brian K

Purchase Details

Closed on
Oct 7, 2015
Sold by
Hoban Brian K
Bought by
Hoban Brian K

Purchase Details

Closed on
Jan 10, 2002
Sold by
Vanweelden Paul and Vanweelden Gaynell
Bought by
Hoban Brian K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$184,000
Interest Rate
7.16%
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
Shang Yi $650,000 Barnes Walker Title Inc
Haban Brian K -- Barnes Walker Title Inc
Hoban Brian K $100 --
Hoban Brian K -- Attorney
Hoban Brian K $230,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hoban Brian K $333,700
Previous Owner Hoban Brian K $100,000
Previous Owner Hoban Brian K $184,000
Closed Haban Brian K $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/25/2022 05/25/22 Sold $1,050,000 -4.5% $1,151 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
01/31/2022 01/31/22 For Sale $1,100,000 +69.2% $1,206 / Sq Ft
10/21/2020 10/21/20 Sold $650,000 -10.3% $713 / Sq Ft
08/07/2020 08/07/20 Pending -- -- --
02/24/2020 02/24/20 Price Changed $725,000 -8.2% $795 / Sq Ft
11/13/2019 11/13/19 For Sale $790,000 -- $866 / 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
2020 $4,020 $259,240 $178,500 $80,740
2019 -- $259,318 $178,500 $80,818
2018 -- $254,345 $178,500 $75,845
2017 -- $253,682 $0 $0
2016 -- $271,922 $0 $0
2015 -- $263,626 $0 $0
2014 -- $218,880 $0 $0
2013 -- $200,807 $134,400 $66,407
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7454669

Stellar MLS

APN: 76658-0000-4