NOT LISTED FOR SALE

5515 Palm Aire Dr Unit V126 Sarasota, FL 34243

Estimated Value: $269,453 - $364,000

2 Beds
2 Baths
1,619 Sq Ft
$319/mo HOA Fee

Last Sold September 22, 2017

Last sale price $190,000 $117 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $2,260/month

14 Days on Market

Highlights

  • Golf Course Community
  • Lake View
  • Open Floorplan
  • Heated In Ground Pool
  • 1.41 Acre Lot
  • Sun or Florida Room

About This Home

As of September 2017

It's all about the view....This 2 bedroom 2 bath villa has incredible lake and golf course views. This well established Palm Aire address is minutes to the country club and all that the University Park corridor has to offer including access to University Town Center, Benderson Park, Sarasota airport, Ringling Museum, shopping and dining. A well priced maintaince free home that allows you the opportunity to have single floor living, a one car garage, and the ease of having a second home. Optional membership in private Palm Aire Country Club offering two 18 hole championship golf courses, tennis/pickleball, social, and fitness memberships.

Last Agent to Sell the Property

Tammy Garner

COLDWELL BANKER REALTY License #0604873 Listed on: 08/16/2017

COLDWELL BANKER REALTY

Last Buyer's Agent

Nancy Eilerson

RE/MAX ALLIANCE GROUP License #3057079

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,420

Year Built

  • Built in 1977

Lot Details

  • End Unit
  • South Facing Home
  • Landscaped with Trees

HOA Fees

  • $319 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Property Views

  • Lake
  • Golf Course

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,619 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • L-Shaped Dining Room
  • Sun or Florida Room
  • Inside Utility

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Pool

  • Heated In Ground Pool
  • Gunite Pool

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, insurance, maintenance structure, ground maintenance, maintenance, management, recreational facilities
  • Advanced Mgt. Inc 941 359 1134 Association
  • Palm Aire Community
  • Palm Aire At Sarasota No 7C Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Planned Unit Development

Recreation

  • Golf Course Community
  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,420

Year Built

Built in 1977

Lot Details

0

HOA Fees

$319 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1619
  • Lot Size Acres: 1.41
  • New Construction: No
  • Year Built: 1977
  • Building Area Total: 1892
  • Lot Size Sq Ft: 61594
  • Directions to Property: Whitfield to Palm Aire Drive
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 1
  • List Office Head Office Key Nume: 1046751
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 117.36
  • Total Acreage: Non-Applicable
  • Water Access YN: 0
  • Condo Fees Term: Monthly
  • Planned Unit Development Yn: 1
  • Property Description: End Unit
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), L Dining, Open Floorplan, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 5515
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Florida Room,Foyer,Great Room,Inside Utility
  • Room Count: 7

Exterior Features

  • Direction Faces: South
  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • View: Golf Course, Water
  • Waterfront: No
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: Cable Available, Electricity Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Golf, Irrigation-Reclaimed Water, Pool, PUD
  • Association Amenities: Maintenance
  • Association Name: Advanced Mgt. Inc- 941-359-1134
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: owner only
  • Association Fee Requirement: None
  • Building Name Number: 5515
  • Condo Fees: 319
  • Condo Land Included YN: 1
  • Max Pet Weight: 20
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 319
  • Pet Size: Small (16-35 Lbs.)

Lot Info

  • Zoning: PDR/WP
  • Parcel Number: 1956207052
  • Additional Parcels: No
  • Lot Features: In County, Paved
  • Property Attached Yn: Yes
  • Flood Zone Code: X
  • Homestead YN: 0
  • Future Land Use: 0400

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Contact Association

Tax Info

  • Tax Annual Amount: 2420
  • Tax Book Number: 0007/0091
  • Tax Lot: V-126

Multi Family

  • Approval Process: application

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 27, 2024
Sold by
Faist Julia A
Bought by
Faist Family Trust and Faist
Current Estimated Value
$305,613

Purchase Details

Listed on
Aug 16, 2017
Closed on
Sep 22, 2017
Sold by
Begor Gary L and Bennett Pauline B
Bought by
Faist Kurt D and Faist Julia A
Seller's Agent
Tammy Garner
COLDWELL BANKER REALTY
Buyer's Agent
Nancy Eilerson
RE/MAX ALLIANCE GROUP
List Price
$209,000
Sold Price
$190,000
Premium/Discount to List
-$19,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.07%

Purchase Details

Closed on
Sep 29, 2015
Sold by
Bennett John and Bennett Lily
Bought by
Bennett Pauline B and Begor Gary L

Purchase Details

Listed on
Aug 22, 2012
Closed on
Nov 8, 2012
Sold by
Hummon Norma A
Bought by
Bennett John and Bennett Lily
Seller's Agent
Craig Cameron
Buyer's Agent
Pauline Bennett
LIMBO COMPANY SARASOTA ASSOC
List Price
$149,900
Sold Price
$149,900

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.66%

Purchase Details

Closed on
Dec 31, 2010
Sold by
Hummon William R and Hummon Robert G
Bought by
Hummon William R and Hummon Norma A

Purchase Details

Closed on
Apr 2, 2002
Sold by
Leach Joseph E and Leach Nancy J
Bought by
Hummon William R and Hummon Robert G

Purchase Details

Closed on
Jun 14, 1999
Sold by
Peretz Mary L
Bought by
Leach Ii Joseph E and Leach Nancy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$84,000
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage
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
Faist Family Trust -- None Listed On Document
Faist Family Trust $100 None Listed On Document
Faist Kurt D $190,000 Alliance Group Title Llc
Bennett Pauline B $150,000 Sunbelt Title Agency
Bennett John $149,900 Sunbelt Title Agency
Hummon William R $124,000 First American Title Ins Co
Hummon William R $139,000 --
Leach Ii Joseph E $105,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leach Ii Joseph E $84,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/17/2018 08/17/18 Off Market $190,000 -- --
09/22/2017 09/22/17 Sold $190,000 -9.1% $117 / Sq Ft
08/31/2017 08/31/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $209,000 +39.4% $129 / Sq Ft
11/09/2012 11/09/12 Sold $149,900 0.0% $93 / Sq Ft View Prior Sale
09/24/2012 09/24/12 Pending -- -- --
08/22/2012 08/22/12 For Sale $149,900 -- $93 / 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 $3,857 $233,750 -- $233,750
2024 $3,857 $276,250 -- $276,250
2023 $3,610 $255,000 $0 $255,000
2022 $3,173 $210,000 $0 $210,000
2021 $2,611 $165,000 $0 $165,000
2020 $2,818 $165,000 $0 $165,000
2019 $2,838 $165,000 $0 $165,000
2018 $2,830 $163,000 $0 $0
2017 $2,674 $167,700 $0 $0
2016 $2,419 $142,150 $0 $0
2015 $1,257 $107,493 $0 $0
2014 $1,257 $106,640 $0 $0
2013 $1,235 $105,064 $1 $105,063
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4194163

Stellar MLS

APN: 19562-0705-2