NOT LISTED FOR SALE

5688 Ferrara Dr Unit 1B Sarasota, FL 34238

Palmer Ranch Neighborhood

Estimated Value: $620,000 - $641,000

3 Beds
3 Baths
2,008 Sq Ft
$315/Sq Ft Est. Value

Last Sold July 31, 2017

Last sale price $400,000 $199 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $4,207/month

124 Days on Market

Highlights

  • 65 Feet of Lake Waterfront
  • Fitness Center
  • Gated Community
  • Ashton Elementary School Rated A
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of July 2017

Hurry, Highly Motivated Seller says "Bring All Offers"! Seller will consider lease, lease with option to buy!! Why wait for vacation, picture yourself at the resort relaxing with your family. Now then, you are in reality, in your own 2000 plus square foot private residence with all the near by amenities you will ever need. A Divosta Oakmont model. Jump onto your two wheeler, powered or pedaled, and you arrive at the resort community center in a short moment. The center is full of activity with neighbors enjoying the many amenities, swimming, tennis, modern workout equipment all humming with use. The restaurant is brimming with diners and tea drinkers. Join your book club here as the staff will be cleaning up. Another friend is fueling up the convertible, then on to the salon and the gift shop. Village Walk boasts only solid built Devosta homes and miles of paved walking trails with continuous water views and mature landscaping including shade trees. Why wait for new to be built? Ferrara is move in ready while providing beautiful bamboo floors, crown molding, stainless steel appliance package, split plan and an enclosed lanai that await finishing touches to make paradise, move in ready. Ferrara is available for immediate occupancy, no waiting. The glimmering water views are available immediately as well!

Last Listed By

Steve Harris

MICHAEL SAUNDERS & COMPANY License #0591161 Listed on: 03/03/2017

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,759

Year Built

  • Built in 2002

Lot Details

  • 7,074 Sq Ft Lot
  • 65 Feet of Lake Waterfront
  • Lake Front
  • East Facing Home
  • Mature Landscaping
  • Private Lot
  • Level Lot
  • Property is zoned RSF2

HOA Fees

  • $318 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Off-Street Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Tile Roof
  • Stucco

Interior Spaces

  • 2,008 Sq Ft Home
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Great Room
  • Inside Utility
  • Lake Views
  • Attic

Kitchen

  • Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Bamboo
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Hurricane or Storm Shutters

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Outdoor Features

  • Heated In Ground Pool
  • Access To Lake
  • Exterior Lighting
  • Rain Gutters

Schools

  • Ashton Elementary School
  • Sarasota Middle School

Utilities

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

Listing and Financial Details

  • Tax Lot 162
  • Assessor Parcel Number 0136020023

Community Details

Overview

  • Association fees include cable TV, pool, maintenance structure, ground maintenance, recreational facilities, security
  • Villagewalk HOA At 941 925 8775 Association
  • Villagewalk Community
  • Villagewalk Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, fencing, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,759

Year Built

Built in 2002

Lot Details

0

HOA Fees

$318 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Maintenance Structure, Maintenance Grounds, Recreational Facilities, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Traditional
  • Construction Materials: Other, Stucco
  • Fireplace: No
  • Living Area: 2008
  • Lot Size Acres: 0.16
  • New Construction: No
  • Year Built: 2002
  • Building Area Total: 2696
  • Lot Size Sq Ft: 7074
  • Directions to Property: Honore south of Clark to Villagewalk, right on Camminare to Ferrarra Dr to 5688.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 4 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 199.20
  • Total Acreage: Up to 10,889 Sq. Ft.
  • Water Access YN: 1
  • Planned Unit Development Yn: 1
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Bamboo, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Attic, Ceiling Fans(s), Central Vaccum, High Ceilings, Open Floorplan, Solid Surface Counters, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Microwave Hood, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 5688
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Attic,Foyer,Great Room,Inside Utility
  • Room Count: 7

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, In Ground
  • Exterior Features: French Doors, Sliding Doors, Hurricane Shutters, Irrigation System, Lighting, Rain Gutters
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Lake
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 65
  • Flood Zone Date: 2016-11-04T00:00:00.000
  • Flood Zone Panel: 12115C0227F
  • Water Frontage Feet Lake: 65

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Off Street

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Public, Sprinkler Recycled, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Canal/Lake For Irrigation, Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness Center, Gated, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts
  • Association Amenities: Fence Restrictions, Fitness Center, Gated, Maintenance, Security, Tennis Court(s), Vehicle Restrictions
  • Association Fee: 955
  • Association Fee Frequency: Quarterly
  • Association Name: Villagewalk HOA at 941-925-8775
  • Association: Yes
  • Security: Gated Community, Security System Owned
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: No aggressive breeds.
  • Association Fee Requirement: Required
  • Max Pet Weight: 100
  • Pet Size: Large (61-100 Lbs.)

Fee Information

  • Monthly HOA Amount: 318.33

Schools

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

Lot Info

  • Zoning: RSF2
  • Parcel Number: 0136020023
  • Additional Parcels: No
  • Lot Features: In County, Level, Sidewalk, Paved, Private
  • Flood Zone Code: X
  • Homestead YN: 0

Green Features

  • Green Water Conservation: Irrigation-Reclaimed Water

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Breed Restrictions, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Motorcycles / trucks must be garaged.

Tax Info

  • Tax Annual Amount: 3759
  • Tax Lot: 162

Multi Family

  • Waterfront Features: Lake
  • Approval Process: Application fee $150

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2019
Sold by
Leykin Miron and Leykin Rita
Bought by
The Leykin Family Living Trust
Total Days on Market
124
Current Estimated Value
$631,713

Purchase Details

Listed on
Mar 3, 2017
Closed on
Jul 31, 2017
Sold by
Olson Karen L
Bought by
Leykin Miron and Leykin Rita
Seller's Agent
Steve Harris
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Frank Golio
SARASOTA REALTY CENTER LLC
List Price
$429,900
Sold Price
$400,000
Premium/Discount to List
-$29,900
-6.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.03%
Original Mortgage
$320,000
Outstanding Balance
$269,766
Interest Rate
3.9%
Mortgage Type
New Conventional
Estimated Equity
$361,948

Purchase Details

Closed on
Nov 19, 2013
Sold by
Olson Karen L
Bought by
Olson Karen L and Karen L Olson Trust

Purchase Details

Closed on
Aug 5, 2011
Sold by
Fletcher Joan C
Bought by
Olson Karen L

Purchase Details

Closed on
Apr 4, 2002
Sold by
Divosta & Co Inc
Bought by
Fletcher William G and Fletcher Joan C

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 Buyer Sale Price Title Company
The Leykin Family Living Trust -- Attorney
Leykin Miron $400,000 Attorney
Olson Karen L -- Attorney
Olson Karen L $335,000 Alliance Group Title Llc
Fletcher William G $264,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Leykin Miron $320,000
Previous Owner Fletcher William G $218,000
Closed Fletcher William G $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Off Market $400,000 -- --
07/31/2017 07/31/17 Sold $400,000 -7.0% $199 / Sq Ft
07/06/2017 07/06/17 Pending -- -- --
03/03/2017 03/03/17 For Sale $429,900 -- $214 / 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 $4,444 $378,950 -- --
2023 $4,444 $367,913 $0 $0
2022 $4,336 $357,197 $0 $0
2021 $4,253 $346,793 $0 $0
2020 $4,002 $320,900 $99,300 $221,600
2019 $4,272 $346,664 $0 $0
2018 $4,174 $340,200 $131,200 $209,000
2017 $4,857 $352,900 $129,800 $223,100
2016 $3,759 $345,300 $128,500 $216,800
2015 $3,826 $315,000 $114,400 $200,600
2014 $3,811 $288,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4179744

Stellar MLS

APN: 0136-02-0023