NOT LISTED FOR SALE

640 N River Rd Venice, FL 34293

Estimated Value: $1,043,636 - $1,098,000

4 Beds
3.5 Baths
3,500 Sq Ft
$308/Sq Ft Est. Value

Last Sold September 14, 2022

Last sale price $1,275,000 $364 Per Sq Ft

Est. 16% decrease in value since last sale

Current estimated payment $6,806/month

47 Days on Market

Highlights

  • Waterfront Community
  • Boat Ramp
  • Horses Allowed in Community
  • Taylor Ranch Elementary School Rated A-
  • Water Access
  • Screened Pool

About This Home

As of September 2022

Distinguished, Custom Estate Home in the coveted community of Myakka River Trails. Surrounded by 7 acres of mature trees and lush landscaping, this property offers privacy and serenity within a short drive to shopping, dining and the beautiful beaches of the Gulf of Mexico. Attention to detail is showcased throughout this residence and has been meticulously maintained. The Gourmet Kitchen offers Sub-Zero stainless steel appliances, a Wolf gas stove, two Sub-zero freezer drawers, wood cabinets, custom range hood, quartz countertops and a beautiful glass tile backsplash. A custom California walk-in closet, large jetted tub and walk-in shower plus French doors to the outside sitting area, make the Master Bedroom and ensuite bathroom a welcome retreat. Three large bedrooms, and two newly remodeled bathrooms upstairs complement the well thought out living space on the first floor. The large gas grill, two base refrigerators, and an ice maker make the outdoor kitchen every chef's dream. The 3 car oversized garage has epoxy floors and built in cabinetry. A whole house Generac generator will always keep the lights on. Roof was replaced in 2021, Air Conditioning units replaced in 2017 & 2018. Home has two electric water heaters. Myakka River Trails is Sarasota County’s only waterfront community on the Myakka River. The Myakka was designated a Florida Wild and Scenic River by State legislature in 1985. It is one of only two rivers in Florida to be recognized with this special status. Offering a secluded and natural setting, Myakka River Trail is a private, gated community featuring amenities that include private horse and nature trails, a clubhouse with a community pool, lighted tennis courts, community boat ramp, and a playground. The natural amenities of Myakka River State Park to the North, Deer Prairie Creek Reserve to the East and the Myakka State Forest to the South, make this community perfect for those who enjoy outdoor activities. Homes in this exclusive community rarely become available and do not last long. Call and schedule your private showing today.

Last Agent to Sell the Property

Anthony Capotosto

MODERN REALTY License #3417327 Listed on: 06/28/2022

MODERN REALTY

Last Buyer's Agent

Tricia Smedley

SMITH & ASSOCIATES REAL ESTATE License #507745

SMITH & ASSOCIATES REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,067

Year Built

  • Built in 2000

Lot Details

  • 7.27 Acre Lot
  • Property fronts a private road
  • Northeast Facing Home
  • Electric Fence
  • Oversized Lot
  • Irrigation
  • Wooded Lot
  • Landscaped with Trees
  • Property is zoned OUE1

HOA Fees

  • $500 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Side Facing Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking
  • Golf Cart Parking

Home Design

  • Custom Home
  • Colonial Architecture
  • Bi-Level Home
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,500 Sq Ft Home
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Window Treatments
  • French Doors
  • Sliding Doors
  • Family Room with Fireplace
  • Formal Dining Room
  • Den
  • Bonus Room
  • Storage Room
  • Inside Utility
  • Views of Woods
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Porcelain Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Screened Pool
  • In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Fence Around Pool
  • Auto Pool Cleaner

Outdoor Features

  • Water Access
  • Deck
  • Screened Patio
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill
  • Side Porch

Location

  • Flood Zone Lot
  • City Lot

Schools

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

Horse Facilities and Amenities

  • Zoned For Horses

Utilities

  • Zoned Heating and Cooling
  • Underground Utilities
  • Propane
  • Well
  • Electric Water Heater
  • Water Softener
  • Septic Tank
  • Fiber Optics Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, private road, security
  • Sunstate Management Association, Phone Number (941) 870-4920
  • Myakka River Trails Community
  • Myakka River Trails Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community
  • Rental Restrictions
  • Greenbelt

Amenities

  • Clubhouse

Recreation

  • Boat Ramp
  • Waterfront Community
  • Tennis Courts
  • Pickleball Courts
  • Community Playground
  • Community Pool
  • Fishing
  • Horses Allowed in Community
  • Trails

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,067

Year Built

Built in 2000

Lot Details

7.27 Acres

HOA Fees

$500 per month

Parking

3

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Private Road, Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Colonial, Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3500
  • Lot Size Acres: 7.27
  • New Construction: No
  • Year Built: 2000
  • Building Area Total: 4941
  • Lot Size Sq Ft: 316986
  • Status: Sold
  • Street Direction: N
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6122079?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6122079?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 5 to less than 10
  • Unit Number Y N: No
  • Subdivision Num: 6730
  • Ratio: Close Price\List Price: 0.87992
  • Price per Sq Ft: 364.29
  • Close to Original List Price Ratio: 0.80952
  • Ratio: Current Price\Building Area Total: 258.04
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile, Hardwood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Room Count: 10
  • Additional Rooms: Bonus Room, Den/Library/Office, Formal Dining Room Separate, Formal Living Room Separate, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Auto Cleaner, Gunite, In Ground, Screen Enclosure
  • Exterior Features: French Doors, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • Road Frontage Type: Private Road
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened, Side Porch
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener, Garage Faces Side, Golf Cart Parking, Oversized
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fiber Optics, Propane, Street Lights, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Community Boat Ramp, Deed Restrictions, Fishing, Gated Community, Golf Carts OK, Horses Allowed, Playground, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Cable TV, Clubhouse, Gated, Pickleball Court(s), Playground, Pool, Private Boat Ramp, Security, Tennis Court(s), Trail(s)
  • Association Fee: 1500
  • Association Fee Frequency: Quarterly
  • Association Name: Sunstate Management
  • Phone: 941-870-4920
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Email: estoppels@sunstatemangement.com
  • Complex Community Name NCCB: MYAKKA RIVER TRAILS
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 6000
  • Monthly HOA Fee: 500
  • Total Monthly Fees: 500

Schools

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

Lot Info

  • Zoning: OUE1
  • Parcel Number: 0775001200
  • Additional Parcels: No
  • Fencing: Electric
  • Lot Features: FloodZone, Greenbelt, City Lot, Oversized Lot, Zoned for Horses
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Approval Process: See HOA documents
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See HOA documents

Tax Info

  • Tax Annual Amount: 5067
  • Tax Lot: 640

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Sep 14, 2022
Sold by
Mcmichael Charles L and Mcmichael Judith C
Bought by
John L Coffey Living Trust
Seller's Agent
Anthony Capotosto
MODERN REALTY
Buyer's Agent
Tricia Smedley
SMITH & ASSOCIATES REAL ESTATE
List Price
$1,575,000
Sold Price
$1,275,000
Premium/Discount to List
-$300,000
-19.05%
Views
5
Current Estimated Value
$1,076,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$198,591
Avg. Annual Appreciation
-4.70%
Original Mortgage
$1,275,000
Outstanding Balance
$1,211,958
Interest Rate
4.99%
Mortgage Type
New Conventional
Estimated Equity
-$135,549

Purchase Details

Closed on
Feb 8, 2005
Sold by
Mcdonald Stephen P and Mcdonald Susan E
Bought by
Mcmichael Charles L and Mcmichael Judith C
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Purchase History

Date Buyer Sale Price Title Company
John L Coffey Living Trust $1,275,000 --
Mcmichael Charles L $900,000 Title Partners Of Southwest
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open John L Coffey Living Trust $1,275,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/14/2022 09/14/22 Sold $1,275,000 -12.0% $364 / Sq Ft
08/15/2022 08/15/22 Pending -- -- --
08/01/2022 08/01/22 Price Changed $1,449,000 -3.4% $414 / Sq Ft
07/05/2022 07/05/22 Price Changed $1,499,999 -4.8% $429 / Sq Ft
06/28/2022 06/28/22 For Sale $1,575,000 -- $450 / Sq Ft
Source: Stellar MLS

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 $7,729 $647,550 -- --
2024 $12,142 $629,300 -- --
2023 $12,142 $978,800 $154,900 $823,900
2022 $1,574 $467,305 $0 $0
2021 $5,068 $406,218 $0 $0
2020 $5,082 $400,609 $0 $0
2019 $4,916 $391,602 $0 $0
2018 $0 $384,300 $73,800 $310,500
2017 $5,514 $433,772 $0 $0
2016 $5,536 $527,200 $172,000 $355,200
2015 $5,635 $502,800 $147,800 $355,000
2014 $5,556 $408,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6122079

Stellar MLS

APN: 0775-00-1200

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