$650,000
SOLD OCT 21, 2020

5404 Coral Lake Dr Bradenton, FL 34210

2 Beds
1 Bath
912 Sq Ft
1.12 Acres

Recently Sold

$713 Per Sq Ft

18% Below List Price

268 Days on Market

Highlights

  • 394 Feet of Waterfront
  • Canal View
  • Mature Landscaping
  • 1.12 Acre Lot
  • No HOA
  • French Doors

About This Home

As of May 2022

***For a Virtual Tour, please copy and paste this link to your browser: http://sarasota-photo.com/5404-89th-st-w/***Rare 1 acre waterfront property located on deep water with over 350 ft of waterfront and full access to Sarasota Bay and the Gulf of Mexico. Existing home is a perfect weekend getaway while you build your ultimate waterfront dream home on these two parcels #7665800004 and #7665510089. This gated community provides privacy and best of all, no deed restrictions. Close to beautiful Anna Maria Island and the Gulf Beaches.

Last Agent to Sell the Property

Jaymie Carter

MICHAEL SAUNDERS & COMPANY License #3270329 Listed on: 11/13/2019

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Yi Jiang

KW PEACE RIVER PARTNERS License #3348415

KW PEACE RIVER PARTNERS

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,656

Year Built

  • Built in 1996

Lot Details

  • 1.12 Acre Lot
  • 394 Feet of Waterfront
  • Property fronts a saltwater canal
  • Property fronts a private road
  • Unincorporated Location
  • South Facing Home
  • Mature Landscaping
  • 2 Lots in the community
  • Additional Parcels
  • Property is zoned RSF4.5/C

Parking

  • Open Parking

Home Design

  • Stem Wall Foundation
  • Shingle Roof
  • Wood Siding

Interior Spaces

  • 912 Sq Ft Home
  • 1-Story Property
  • French Doors
  • Sliding Doors
  • Tile Flooring
  • Canal Views
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Access to Saltwater Canal
  • Seawall

Location

  • Flood Zone Lot

Schools

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

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Community Details

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

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,656

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Wood Siding
  • Fireplace: No
  • Living Area: 912
  • Lot Size Acres: 1.12
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 1211
  • Lot Size Sq Ft: 49405
  • Number Of Lots: 2
  • Directions to Property: Cortez Rd to Coral Shores Blvd, Left on Kingston Rd. Right on Mangrove Point Rd. Left on 44th Ave Dr W, Right on Coral Lake Blvd which dead-ends at Gate. Proceed through Gate to end of the private Drive. Coral Lake Drive is aka 5404 89th St. W
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4451447?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4451447?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1 to less than 2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.89655
  • Price per Sq Ft: 712.72
  • Close to Original List Price Ratio: 0.82278
  • Ratio: Current Price\Building Area Total: 536.75
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 1
  • Interior Amenities: Other
  • Appliances Included: Range, Refrigerator
  • Foundation Details: Stem Wall
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 5404
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Exterior Features: French Doors, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: None
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 394
  • Additional Water Information: Concrete seawall measures approximately 180 ft on one parcel. 2nd parcel water front measures approximately 214 ft.
  • Water Frontage Feet Canal Salt: 394
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • 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: Sea Breeze Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: RSF4.5/C
  • Parcel Number: 7665800004
  • Additional Parcels Description: 7665510089
  • Additional Parcels: Yes
  • Lot Features: FloodZone, In County, Unincorporated
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Pet Restrictions: County Ordinances and leash laws apply.
  • Lease Restrictions Y N: No
  • Currency Monthly Rent Amt: 1200
  • Month To Month Or Weekly Y N: Yes

Tax Info

  • Tax Annual Amount: 4656
  • 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

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Deed $650,000 Barnes Walker Title Inc
Warranty Deed -- Barnes Walker Title Inc
Deed $100 --
Interfamily Deed Transfer -- Attorney
Warranty Deed $230,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $333,700 Unknown
Previous Owner $100,000 Credit Line Revolving
Previous Owner $184,000 No Value Available
Closed $0 Unknown
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: A4451447

Stellar MLS

APN: 76658-0000-4