NOT LISTED FOR SALE

5501 Colony Lake Ln Sarasota, FL 34233

Estimated Value: $405,861 - $443,000

3 Beds
2 Baths
1,410 Sq Ft
$299/Sq Ft Est. Value

Last Sold November 20, 2012

Last sale price $160,000 $113 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $2,556/month

144 Days on Market

Highlights

  • Lake Front
  • Access To Lake
  • No HOA
  • Ashton Elementary School Rated A
  • Cathedral Ceiling
  • Family Room Off Kitchen

About This Home

As of November 2012

Tranquil lake views from this alluring home, located on a small cud-de-sac just a short distance away from both Ashton Elementary School and Sarasota Middle School. This is an ideal family location or exceptional investment opportunity, with a wonderful renter currently in place. Screened front entry porch and rear patio allow for fresh air all year round as well as excellent lake views. This hidden gem features three bedrooms, two full baths, cathedral ceilings, French doors and an expansive screened in lanai. Vaulted ceilings give way to the large great room area with spacious kitchen and open dining area. The main hall leads to all three suites; the master suite has a private bath and French doors leading to the large screened lanai. This lakefront home is a wonderful find conveniently located within walking distance to two great schools as well as ease of access to Clark Road and I75.

Last Agent to Sell the Property

Joel Schemmel

DOUGLAS ELLIMAN License #3060476 Listed on: 06/18/2012

DOUGLAS ELLIMAN

Last Buyer's Agent

Maria Balaz

EXIT KING REALTY License #0137806

EXIT KING REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,916

Year Built

  • Built in 2001

Lot Details

  • 5,500 Sq Ft Lot
  • Lake Front
  • West Facing Home
  • Property is zoned RSF3

Parking

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

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,410 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Family Room Off Kitchen
  • Lake Views
  • Security System Owned

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Enclosed Patio or Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Colony Lake Community
  • Colony Lake Unit 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,916

Year Built

Built in 2001

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1410
  • Lot Size Acres: 0.13
  • New Construction: No
  • Year Built: 2001
  • Building Area Total: 2208
  • Lot Size Sq Ft: 5500
  • Directions to Property: Off Ashton Road between McIntosh and Honore, just east of Sarasota Middle School
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3961892&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3961892&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 2663
  • Call Center Phone Number: 941-364-4014
  • Ratio: Close Price\List Price: 0.89385
  • Price per Sq Ft: 113.48
  • Close to Original List Price Ratio: 0.89385
  • Ratio: Current Price\Building Area Total: 72.46
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Eating Space In Kitchen, Kitchen/Family Room Combo, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave Hood, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Window Features: Blinds
  • Street Number Modifier: 5501
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: French Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Paved
  • Water View: Lake
  • Water Access: Lake
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, In Garage
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Security System Owned
  • Association Fee Requirement: None

Schools

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

Lot Info

  • Zoning: RSF3
  • Parcel Number: 0092080026
  • Additional Parcels: No
  • Lot Features: In County
  • Millage Rate: 13.15
  • Future Land Use: 0100
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Expected Lease Date: 2012-11-20T05:00:00.000Z

Tax Info

  • Tax Annual Amount: 1916
  • Tax Book Number: 0038/0045
  • Tax Lot: 20

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 18, 2012
Closed on
Nov 20, 2012
Sold by
Henry Donald H
Bought by
Tomtrisu Inc
Seller's Agent
Joel Schemmel
DOUGLAS ELLIMAN
Buyer's Agent
Maria Balaz
EXIT KING REALTY
List Price
$179,000
Sold Price
$160,000
Premium/Discount to List
-$19,000
-10.61%
Current Estimated Value
$421,715

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$261,715
Avg. Annual Appreciation
7.78%

Purchase Details

Closed on
Nov 6, 2006
Sold by
Slavinski Eric T and Slavinski Stefanie L
Bought by
Henry Donald H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
6.27%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 30, 2003
Sold by
Fasano Rosetta D
Bought by
Slavinski Eric T and Slavinski Stefanie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,296
Interest Rate
6.03%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 20, 2001
Sold by
Solar Concepts Inc
Bought by
Fasano Rosetta D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.49%
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
Tomtrisu Inc $160,000 Attorney
Henry Donald H $260,000 Island Titles Services Inc
Slavinski Eric T $154,000 --
Fasano Rosetta D $149,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Henry Donald H $208,000
Previous Owner Slavinski Eric T $152,296
Previous Owner Fasano Rosetta D $80,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/20/2012 11/20/12 Sold $160,000 -10.6% $113 / Sq Ft
11/10/2012 11/10/12 Pending -- -- --
06/18/2012 06/18/12 For Sale $179,000 -- $127 / 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 $4,128 $290,917 -- --
2023 $4,128 $352,700 $129,000 $223,700
2022 $3,748 $315,600 $130,800 $184,800
2021 $3,141 $225,600 $86,100 $139,500
2020 $2,889 $198,700 $69,000 $129,700
2019 $2,875 $201,400 $66,400 $135,000
2018 $2,622 $182,500 $53,800 $128,700
2017 $2,558 $172,897 $0 $0
2016 $2,444 $165,800 $44,400 $121,400
2015 $2,298 $149,700 $35,400 $114,300
2014 $2,115 $123,700 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joel Schemmel

    Seller's Agent in 2012

    Joel Schemmel

    DOUGLAS ELLIMAN

    (941) 587-4894

    2 in this area

    343 Total Sales

    Joel Schemmel
    Section Image

  • M

    Buyer's Agent in 2012

    Maria Balaz

    EXIT KING REALTY

    (941) 955-1500

    3 in this area

    18 Total Sales

    Maria Balaz
    Section Image
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Map

Source: Stellar MLS

MLS Number: A3961892

Stellar MLS

APN: 0092-08-0026

Florida Sarasota County Sarasota 34233

5501 Colony Lake Ln, Sarasota, FL

This home is located at 5501 Colony Lake Ln, Sarasota, FL 34233 since 18 June 2012 and is currently estimated at $421,715, approximately $299 per square foot. This property was built in 2001. 5501 Colony Lake Ln is a home located in Sarasota County with nearby schools including Ashton Elementary School, Riverview High School, and Sarasota Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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