NOT LISTED FOR SALE

6938 Magellan Way Sarasota, FL 34243

Estimated Value: $514,129 - $642,000

2 Beds
2 Baths
1,534 Sq Ft
$368/Sq Ft Est. Value

Last Sold June 26, 2020

Last sale price $410,000 $267 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $3,467/month

98 Days on Market

Highlights

  • 420 Feet of Waterfront
  • Boat Lift
  • Canal View
  • Dock made with wood
  • Home fronts a creek
  • Engineered Wood Flooring

About This Home

As of June 2020

A waterfront dream home with 210 feet of saltwater creek/canal front wrapping around two sides of this private, secluded property in the middle of the highly desirable Whitfield-Ballentine neighborhood. With water nearly surrounding the home, there are water views from virtually every room. The home features a fully updated kitchen with raised panel, solid wood cabinetry, granite counters, stainless appliances and updated lighting. The kitchen is open to both the living room and dining room area with views to the water on both sides of the property. Both bathrooms are also nicely updated. The house has artisan quarry tile flooring in the main living areas and engineered hardwood in the bedrooms. There is a fully covered, screened lanai with a peaceful outdoor seating area just beyond. The property is a peninsula with the main channel of Bowlees Creek on one side and a finger of the creek on the other. There is a seawall and sidewalk around most of the waterfront. One existing boat dock and lift with room for 2 or 3 more if you have multiple boats. This home is less than 10 minutes from Sarasota Bay with only one bridge - approximately 12' clearance at typical high tide. Be sure to scroll through the photos to see Snook and Tarpon caught from the dock at your new home. HOA membership is optional and only $30 per year. HOA membership including dining room privileges at the historic Sarabay Country Club - two blocks from you front door.

Last Agent to Sell the Property

Eric Zitelli

ZITELLI REALTY NETWORK LLC License #3260596 Listed on: 02/28/2020

Last Buyer's Agent

Robert Sherman

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3099603

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,123

Year Built

  • Built in 1963

Lot Details

  • 0.26 Acre Lot
  • Lot Dimensions are 81x142
  • Home fronts a creek
  • 420 Feet of Waterfront
  • Property fronts a saltwater canal
  • Northeast Facing Home
  • Dog Run
  • Property is zoned RSF3/HA/

HOA Fees

  • $3 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Property Views

  • Canal
  • Creek or Stream

Home Design

  • Slab Foundation
  • Shingle Roof
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 1,534 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Sliding Doors
  • Den

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Engineered Wood
  • Quarry Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Access To Creek
  • Access to Saltwater Canal
  • Dock has access to water
  • Boat Lift
  • Dock made with wood
  • Enclosed Patio or Porch

Schools

  • Florine J. Abel Elementary School
  • Sara Scott Harllee Middle School
  • Southeast High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Community Details

  • Marnie Matarese Association
  • Magellan Park Community
  • Magellan Park Unit 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,123

Year Built

Built in 1963

Lot Details

0

HOA Fees

$3 per month

Parking

1

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1534
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1963
  • Lot Size Sq Ft: 11500
  • Directions to Property: East on Magellan Drive from 14th St W; left onto Magellan Way, stay left to address. From 301, West on Whitfield Ave; Right/North on Willow, keep right at the junction with Magellan Drive, immediately turn left on Magellan Way, stay left to address.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4460850?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4460850?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.93203
  • Price per Sq Ft: 267.28
  • Close to Original List Price Ratio: 0.91131
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Engineered Hardwood, Quarry Tile
  • Full Bathrooms: 2
  • Interior Amenities: Solid Wood Cabinets, Stone Counters, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Street Number Modifier: 6938
  • Room Count: 7
  • Additional Rooms: Den/Library/Office
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Exterior Features: Dog Run, Sliding Doors
  • Roof: Membrane, Shingle
  • Pool Private: No
  • View: Water
  • Water Body Name: Bowlees Creek
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Screened
  • Water View: Canal, Creek
  • Water Access: Canal - Saltwater, Creek
  • Water Extras: Dock - Wood, Dock w/Electric, Dock w/Water Supply, Lift
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 420
  • Water Frontage Feet Creek: 210
  • Additional Water Information: Bowless Creek main channel on north side of the property; a finger of Bowlees Creek on the south side of the property.
  • Water Frontage Feet Canal Salt: 210

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 30
  • Association Fee Frequency: Annually
  • Association Name: Marnie Matarese
  • Association: Yes
  • Senior Community: No
  • Association Email: marnie@callmarnie.com
  • Association Fee Requirement: Optional
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 30
  • Monthly HOA Fee: 2.5
  • Total Monthly Fees: 2.5

Schools

  • Elementary School: Florine J. Abel Elementary
  • High School: Southeast High
  • Middle Or Junior School: Sara Scott Harllee Middle

Lot Info

  • Zoning: RSF3/HA/
  • Parcel Number: 6729800000
  • Additional Parcels: No
  • Lot Dimensions: 81x142
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 2123.49
  • Tax Block: 47
  • Tax Book Number: 9-5
  • Tax Lot: 9

Multi Family

  • Waterfront Features: Canal - Saltwater, Creek

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jul 20, 2020
Sold by
Pilgrim Julie M and Pilgrim Randal L
Bought by
6938 Magellan Llc
Seller's Agent
Eric Zitelli
ZITELLI REALTY NETWORK LLC
Buyer's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$439,900
Sold Price
$410,000
Premium/Discount to List
-$29,900
-6.8%
Current Estimated Value
$556,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,486
Avg. Annual Appreciation
6.42%

Purchase Details

Listed on
Feb 28, 2020
Closed on
Jun 26, 2020
Sold by
Letts Lindsay N and Jones Evan G
Bought by
Pilgrim Randal L and Pilgrim Julia M
Seller's Agent
Eric Zitelli
ZITELLI REALTY NETWORK LLC
Buyer's Agent
Robert Sherman
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$439,900
Sold Price
$410,000
Premium/Discount to List
-$29,900
-6.8%

Purchase Details

Closed on
Jul 17, 2009
Sold by
Lionheart Development Group Llc
Bought by
Jones Evan G and Letts Lindsay N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,600
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 4, 2003
Sold by
Dicarlo Florence M and Roth Dan
Bought by
Lionheart Dev Group L L C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
6%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 21, 2003
Sold by
Dicarlo Florence M and Roth Dan
Bought by
Lionheart Dev Group L L C
Source: Public Records

Range of Values:

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Average Value
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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
6938 Magellan Llc $410,000 Attorney
Pilgrim Randal L $410,000 Attorney
Jones Evan G $247,000 Attorney
Lionheart Dev Group L L C -- --
Lionheart Dev Group L L C $335,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Evan G $197,600
Previous Owner Fedder Darrin J $285,000
Previous Owner Roth Daniel H $33,728
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Sold $410,000 -6.8% $267 / Sq Ft
06/05/2020 06/05/20 Pending -- -- --
05/29/2020 05/29/20 For Sale $439,900 0.0% $287 / Sq Ft
05/24/2020 05/24/20 Pending -- -- --
05/20/2020 05/20/20 Price Changed $439,900 -2.2% $287 / Sq Ft
03/17/2020 03/17/20 For Sale $449,900 0.0% $293 / Sq Ft
03/06/2020 03/06/20 Pending -- -- --
02/28/2020 02/28/20 For Sale $449,900 -- $293 / 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 $6,116 $428,606 $153,000 $275,606
2023 $6,007 $439,411 $153,000 $286,411
2022 $5,350 $374,181 $130,000 $244,181
2021 $4,456 $282,235 $120,000 $162,235
2020 $2,169 $163,082 $0 $0
2019 $2,123 $159,415 $0 $0
2018 $2,093 $156,443 $0 $0
2017 $1,938 $153,225 $0 $0
2016 $1,924 $150,073 $0 $0
2015 $1,934 $149,030 $0 $0
2014 $1,934 $147,847 $0 $0
2013 $1,892 $145,662 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4460850

Stellar MLS

APN: 67298-0000-0