NOT LISTED FOR SALE

5608 Palm Aire Dr Unit V115 Sarasota, FL 34243

Estimated Value: $261,397 - $353,000

2 Beds
2 Baths
1,619 Sq Ft
$332/mo HOA Fee

Last Sold October 16, 2012

Last sale price $122,000 $75 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,078/month

227 Days on Market

Highlights

  • Golf Course Community
  • Open Floorplan
  • Tennis Courts
  • Heated Pool
  • Bonus Room
  • Inside Utility

About This Home

As of October 2012

Relax and enjoy the laid back lifestyle of Palm Aire Golf community in this beautifully maintained villa. Spacious rooms and a sunny Air Conditioned Florida room open the living space to a garden view. Clean, comfortable, affordable and ready to move into. Furniture package is negotiable separately. Convenient to great shopping, the airport,downtown Sarasota and the beaches.

Last Agent to Sell the Property

Christine Mazur

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #0631954 Listed on: 01/12/2012

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Jackie Woods

ROSEBAY INTERNATIONAL REALTY, INC License #3146951

ROSEBAY INTERNATIONAL REALTY, INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,482

Year Built

  • Built in 1977

Lot Details

  • North Facing Home
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $332 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,619 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Bonus Room
  • Inside Utility

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Pool

  • Heated Pool

Schools

  • Kinnan Elementary School
  • Braden River Middle School
  • Southeast High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, maintenance structure, ground maintenance, maintenance repairs, trash
  • Ami 359 1134 Condo Assoc B Association
  • Palm Aire Community
  • Palm Aire At Sarasota No 7B Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • Greenbelt

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,482

Year Built

Built in 1977

Lot Details

0

HOA Fees

$332 per month

Listing Details

  • HOA Fee Includes: Cable TV, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1619
  • New Construction: No
  • Year Built: 1977
  • Building Area Total: 1892
  • Directions to Property: University Parkway to north on Whitfield, west on Palm Aire Dr.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3954175&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3954175&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 1956203
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.976
  • Price per Sq Ft: 75.36
  • Close to Original List Price Ratio: 0.81605
  • Ratio: Current Price\Building Area Total: 64.48
  • View: No
  • Ownership: Condominium
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Open Floorplan
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Window Features: Blinds
  • Street Number Modifier: 5608
  • Room Count: 6
  • Additional Rooms: Bonus Room, Inside Utility
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: North
  • Pool Features: Heated
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Golf, Pool, Tennis Courts
  • Association Amenities: Maintenance, Tennis Court(s)
  • Association Name: AMI 359-1134 Condo Assoc B
  • Association: No
  • Security: Fire/Smoke Detection Integration
  • Condo Fees: 332
  • Condo Fees Term: Monthly
  • Association Fee Requirement: None

Fee Information

  • Total Annual Fees: 3984
  • Total Monthly Fees: 332

Schools

  • Elementary School: Kinnan Elementary
  • High School: Southeast High
  • Middle Or Junior School: Braden River Middle

Lot Info

  • Zoning: PDR/WP
  • Parcel Number: 1956205809
  • Additional Parcels: No
  • Lot Features: Greenbelt, In County, Zero Lot Line
  • Millage Rate: 16.82
  • Future Land Use: 0400
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Num Timesper Year: 3
  • Pet Restrictions: 20 lbs. or less
  • Expected Lease Date: 2012-10-16T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 1482
  • Tax Book Number: 0007/0058
  • Tax Lot: V-115

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2012
Closed on
Oct 5, 2012
Sold by
Teplin Stanley F and Teplin Judith L
Bought by
Conway Janice E
Seller's Agent
Christine Mazur
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Jackie Woods
ROSEBAY INTERNATIONAL REALTY, INC
List Price
$122,000
Sold Price
$122,000
Current Estimated Value
$297,599

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$175,599
Avg. Annual Appreciation
7.09%
Original Mortgage
$73,200
Outstanding Balance
$50,856
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$246,743

Purchase Details

Closed on
May 1, 2008
Sold by
Teplin Dr Stanley F and Teplin Judith L
Bought by
Teplin Stanley F and Teplin Judith L

Purchase Details

Closed on
Jun 7, 2005
Sold by
Wasserman Herbert and Wasserman Judith
Bought by
Teplin Dr Stanley F and Teplin Judith L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
5.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Apr 14, 2005
Sold by
Miller Stanley H and Miller Sylvia P
Bought by
Wasserman Herbert and Wasserman Judith R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,800
Interest Rate
5.7%
Mortgage Type
Balloon

Purchase Details

Closed on
Jul 3, 2000
Sold by
Miller Sylvia P
Bought by
Miller Sylvia P and Miller Stanley H
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
Conway Janice E $122,000 Attorney
Teplin Stanley F -- None Available
Teplin Dr Stanley F $236,000 Properties Title Llc
Wasserman Herbert $184,900 --
Miller Sylvia P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Conway Janice E $73,200
Previous Owner Teplin Dr Stanley F $188,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/16/2012 10/16/12 Sold $122,000 0.0% $75 / Sq Ft
08/27/2012 08/27/12 Pending -- -- --
01/12/2012 01/12/12 For Sale $122,000 -- $75 / 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 $2,021 $233,750 -- $233,750
2024 $2,021 $276,250 -- $276,250
2023 $3,610 $255,000 $0 $255,000
2022 $3,173 $210,000 $0 $210,000
2021 $2,697 $165,000 $0 $165,000
2020 $2,731 $165,000 $0 $165,000
2019 $2,623 $165,000 $0 $165,000
2018 $2,518 $163,000 $0 $0
2017 $2,050 $127,200 $0 $0
2016 $1,856 $107,800 $0 $0
2015 $1,583 $103,650 $0 $0
2014 $1,583 $87,857 $0 $0
2013 $1,451 $79,663 $1 $79,662
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3954175

Stellar MLS

APN: 19562-0580-9