NOT LISTED FOR SALE

5416 Palm Aire Dr Sarasota, FL 34243

Estimated Value: $513,395 - $595,000

3 Beds
2 Baths
2,119 Sq Ft
$258/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $330,000 $156 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $3,287/month

70 Days on Market

Highlights

  • Oak Trees
  • Open Floorplan
  • Vaulted Ceiling
  • View of Trees or Woods
  • Family Room with Fireplace
  • Separate Formal Living Room

About This Home

As of July 2019

Majestic oaks surround this split plan, 3 bed, 2 bath home that beckons you to retreat outdoors to the screened in, tile floored lanai with your morning coffee. The meticulously landscaped backyard borders the hidden gem, Conservatory Park, which has extensive walking trails, and a stunning lake for your recreation and enjoyment. Natural light pours in through multiple french doors that lead to the lanai, 3 expansive hurricane impact skylights and new back windows framed with plantation shutters that showcase your lush backyard even from your kitchen sink. The centrally located eat in kitchen is the hub of the home complete with an island, a new wall oven and stovetop overlooking your lanai and living room fireplace all detailed with crown molding. The stand out master suite with vaulted trey ceilings has a perfect space for a tranquil reading nook, a large mirrored master bath outfitted with a jetted tub, quartz countertops, and 2 walk in closets. The oversized 2 car garage is equipped with a newer hurricane impact garage door and opener, new water heater, as well as hurricane protection for the entire home for peace of mind and savings on your homeowners insurance. Palm Aire Country Club is within biking distance and offers optional memberships both golf and social. With this house being conveniently located to University Parkway’s UTC shopping and restaurants, Sarasota airport, and beaches what an opportunity to find that this property has NO HOA or deed restrictions.

Last Agent to Sell the Property

Lee Brewer

RE/MAX ALLIANCE GROUP License #0681592 Listed on: 03/23/2019

RE/MAX ALLIANCE GROUP

Co-Listed By

Laura Way

RE/MAX ALLIANCE GROUP License #3033347

Last Buyer's Agent

Elsie Salazar

BERKSHIRE HATHAWAY HOMESERVICE License #3145873

BERKSHIRE HATHAWAY HOMESERVICE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,550

Year Built

  • Built in 1991

Lot Details

  • 0.25 Acre Lot
  • North Facing Home
  • Mature Landscaping
  • Irrigation
  • Oak Trees
  • Wooded Lot
  • Property is zoned RSF4.5/W

Parking

  • 2 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Open Parking

Property Views

  • Woods
  • Garden
  • Park or Greenbelt

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 2,119 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • Vaulted Ceiling
  • Ceiling Fan
  • Skylights
  • Gas Fireplace
  • Shutters
  • Blinds
  • Drapes & Rods
  • French Doors
  • Family Room with Fireplace
  • Separate Formal Living Room
  • Breakfast Room
  • Formal Dining Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Desoto Pines Subdivision Community
  • Desoto Pines Sub Subdivision

Recreation

  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,550

Year Built

Built in 1991

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 2119
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1991
  • Building Area Total: 3158
  • Lot Size Sq Ft: 10998
  • Directions to Property: From University Parkway head North onto Whitfield Ave and then turn left onto Palm Aire Drive. Home will be on the left.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4430963&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4430963&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.97087
  • Price per Sq Ft: 155.73
  • Close to Original List Price Ratio: 0.95652
  • Ratio: Current Price\Building Area Total: 104.5
  • View: Yes
  • Co List Office Mls Id: 281518938
  • Co List Office Phone: 941-954-5454
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Open Floorplan, Skylight(s), Solid Surface Counters, Split Bedroom, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Freezer, Ice Maker, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds, Drapes, Shutters
  • Street Number Modifier: 5416
  • Room Count: 10
  • Additional Rooms: Breakfast Room Separate, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Exterior Features: French Doors, Hurricane Shutters, Irrigation System
  • Roof: Shingle
  • Pool Private: No
  • View: Garden, Park, Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Rear Porch, Screened
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0340E

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Oversized
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Public, Sewer Connected, Sprinkler Meter
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Park
  • Association: No
  • Security: Security System, Smoke Detector(s)
  • Senior Community: No
  • Association Approval Required YN: No

Lot Info

  • Zoning: RSF4.5/W
  • Parcel Number: 2052800154
  • Additional Parcels: No
  • Flood Zone Code: X
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 100
  • Minimum Lease: 1 Month
  • Pet Restrictions: NONE
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2550
  • Tax Book Number: 22-69
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2019
Closed on
Jul 24, 2019
Sold by
Thompson Nancy and Thompson Gerald
Bought by
Vu Huy and Phan Thanh
Seller's Agent
Lee Brewer
RE/MAX ALLIANCE GROUP
Buyer's Agent
Elsie Salazar
BERKSHIRE HATHAWAY HOMESERVICE
List Price
$345,000
Sold Price
$330,000
Premium/Discount to List
-$15,000
-4.35%
Current Estimated Value
$546,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,599
Avg. Annual Appreciation
8.44%

Purchase Details

Closed on
May 27, 1997
Sold by
Jenkins Henry C and Jenkins Emily M
Bought by
Thompson Gerald K and Thompson Nancy
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
Vu Huy $330,000 Attorney
Thompson Gerald K $159,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2019 07/24/19 Sold $330,000 -2.9% $156 / Sq Ft
05/31/2019 05/31/19 Pending -- -- --
05/08/2019 05/08/19 Price Changed $339,900 -1.5% $160 / Sq Ft
04/04/2019 04/04/19 For Sale $345,000 0.0% $163 / Sq Ft
03/27/2019 03/27/19 Pending -- -- --
03/22/2019 03/22/19 For Sale $345,000 -- $163 / 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 $4,667 $338,219 -- --
2024 $4,667 $328,687 -- --
2023 $4,592 $319,114 $0 $0
2022 $4,464 $309,819 $0 $0
2021 $4,269 $300,795 $55,000 $245,795
2020 $4,699 $276,488 $50,000 $226,488
2019 $2,588 $182,917 $0 $0
2018 $2,551 $179,506 $0 $0
2017 $2,369 $175,814 $0 $0
2016 $2,351 $172,198 $0 $0
2015 $2,361 $171,001 $0 $0
2014 $2,361 $169,644 $0 $0
2013 $2,325 $167,137 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4430963

Stellar MLS

APN: 20528-0015-4