NOT LISTED FOR SALE

5897 Madison Rd Venice, FL 34293

Estimated Value: $431,000 - $484,000

2 Beds
3 Baths
2,568 Sq Ft
$178/Sq Ft Est. Value

Last Sold August 22, 2014

Last sale price $190,000 $74 Per Sq Ft

Est. 141% increase in value since last sale

Current estimated payment $2,651/month

172 Days on Market

Highlights

  • 120 Feet of Waterfront
  • Lake View
  • Deck
  • Taylor Ranch Elementary School Rated A-
  • Open Floorplan
  • Florida Architecture

About This Home

As of August 2014

B-E-A-UTIFUL!!! LOCATION! LOCATION!! LOCATION!!! You are looking at over 2500 square foot of tastefully updated under air living space that is just minutes away from restaurants, shopping, and one of the most beautiful beaches in the Country. This gorgeous Gulf View Estates home features: an open floor plan with two large suites; Den with French doors; a large living area and Florida room with plenty of space for entertaining friends and family; large diagonal tile; an updated kitchen with plenty of cabinet space; updated baths; relaxing lake views; and the list goes on and on! Make shopping for your new Southwest Florida home a simple task...Ask to see this one first!!!

Last Agent to Sell the Property

Brian Morris

License #3102169 Listed on: 01/17/2014

Co-Listed By

Sandy Morris

License #667685

Last Buyer's Agent

Sharon Grigsby

HORIZON REALTY INTERNATIONAL License #0610926

HORIZON REALTY INTERNATIONAL

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,856

Year Built

  • Built in 1985

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 80x125
  • 120 Feet of Waterfront
  • Lake Front
  • North Facing Home
  • Mature Landscaping
  • Corner Lot
  • Oversized Lot
  • Landscaped with Trees
  • Property is zoned RE1

HOA Fees

  • $15 Monthly HOA Fees

Parking

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

Home Design

  • Florida Architecture
  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 2,568 Sq Ft Home
  • Open Floorplan
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Separate Formal Living Room
  • Formal Dining Room
  • Sun or Florida Room
  • Inside Utility
  • Lake Views

Kitchen

  • Oven
  • Range with Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 3 Full Bathrooms

Home Security

  • Hurricane or Storm Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Porch

Schools

  • Taylor Ranch Elementary School
  • Venice Area Middle School
  • Venice Senior High School

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • Gulf View Estates Community
  • Gulf View Ests Unit 1 Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,856

Year Built

Built in 1985

Lot Details

0

HOA Fees

$15 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2568
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1985
  • Building Area Total: 3300
  • Lot Size Sq Ft: 10000
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7051639&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=C7051639&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: 1134
  • Ratio: Close Price\List Price: 1.00053
  • Price per Sq Ft: 73.99
  • Close to Original List Price Ratio: 0.87156
  • Ratio: Current Price\Building Area Total: 57.58
  • View: Yes
  • Co List Office Mls Id: 274500346
  • Co List Office Phone: 941-743-5525
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Open Floorplan, Tray Ceiling(s), Window Treatments
  • Appliances Included: Dishwasher, Microwave Hood, Oven, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Blinds, Window Treatments
  • Room Count: 8
  • Additional Rooms: Florida Room, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Exterior Features: Hurricane Shutters, Lighting
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Lake
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Water View: Lake
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 120

Garage/Parking

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

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Septic Tank
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 175
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 175
  • Monthly HOA Fee: 14.58
  • Total Monthly Fees: 14.58

Schools

  • Elementary School: Taylor Ranch Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Venice Area Middle

Lot Info

  • Zoning: RE1
  • Parcel Number: 0471060027
  • Additional Parcels: No
  • Lot Features: Corner Lot, Oversized Lot
  • Lot Dimensions: 80x125
  • Flood Zone Code: X
  • Future Land Use: 0100
  • Zoning Compatible Y N: No
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 2856
  • Tax Book Number: 0007/0086
  • Tax Lot: 162

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2014
Closed on
Aug 22, 2014
Sold by
Letterie Miles
Bought by
Grigsby Seth and Grigsby Kera Alice
Seller's Agent
Brian Morris
Buyer's Agent
Sharon Grigsby
HORIZON REALTY INTERNATIONAL
List Price
$189,900
Sold Price
$190,000
Premium/Discount to List
$100
0.05%
Current Estimated Value
$457,792

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$267,792
Avg. Annual Appreciation
7.98%
Original Mortgage
$151,920
Outstanding Balance
$115,554
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$342,238

Purchase Details

Closed on
Oct 16, 2009
Sold by
Minotto Paul
Bought by
Letterie Miles

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$144,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 19, 2008
Sold by
Aurora Loan Services Llc
Bought by
Minotto Paul

Purchase Details

Closed on
Mar 3, 2008
Sold by
Thaxton Lee R
Bought by
Aurora Loan Services Llc

Purchase Details

Closed on
Aug 30, 2005
Sold by
Vanbeck Dawn
Bought by
Thaxton Lee R and Thaxton Carol A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$39,000
Interest Rate
5.25%
Mortgage Type
Stand Alone Second
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Grigsby Seth $189,900 Horizon Title
Letterie Miles $195,000 Watson Title Ins Agency Inc
Minotto Paul $140,000 Watson Title Ins Agency Inc
Aurora Loan Services Llc -- None Available
Thaxton Lee R $260,000 Executive Title Ins Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grigsby Seth $151,920
Previous Owner Letterie Miles $144,000
Previous Owner Thaxton Lee R $39,000
Previous Owner Thaxton Lee R $208,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/22/2014 08/22/14 Sold $190,000 +0.1% $74 / Sq Ft
07/09/2014 07/09/14 Pending -- -- --
05/21/2014 05/21/14 For Sale $189,900 0.0% $74 / Sq Ft
04/24/2014 04/24/14 Pending -- -- --
04/20/2014 04/20/14 Price Changed $189,900 -2.6% $74 / Sq Ft
03/21/2014 03/21/14 Price Changed $195,000 0.0% $76 / Sq Ft
03/21/2014 03/21/14 For Sale $195,000 -2.5% $76 / Sq Ft
03/10/2014 03/10/14 Pending -- -- --
02/12/2014 02/12/14 Price Changed $199,900 -4.4% $78 / Sq Ft
02/01/2014 02/01/14 Price Changed $209,000 -4.1% $81 / Sq Ft
01/17/2014 01/17/14 For Sale $218,000 -- $85 / 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 $3,111 $248,762 -- --
2024 $2,962 $241,751 -- --
2023 $2,962 $234,710 $0 $0
2022 $2,843 $227,874 $0 $0
2021 $2,818 $221,237 $0 $0
2020 $2,814 $218,182 $0 $0
2019 $2,708 $213,277 $0 $0
2018 $2,618 $209,300 $0 $0
2017 $2,440 $191,441 $0 $0
2016 $2,433 $210,100 $36,100 $174,000
2015 $2,471 $186,200 $36,500 $149,700
2014 $2,821 $169,840 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: C7051639

Stellar MLS

APN: 0471-06-0027