NOT LISTED FOR SALE

702 Sorrento Inlet Unit 702 Nokomis, FL 34275

Estimated Value: $323,570 - $418,000

2 Beds
2 Baths
1,429 Sq Ft
$574/mo HOA Fee

Last Sold May 16, 2023

Last sale price $395,000 $276 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $2,929/month

53 Days on Market

Highlights

  • 175 Feet of Salt Water Canal Waterfront
  • Boat Ramp
  • Access To Marina
  • Laurel Nokomis School Rated A-
  • Assigned Boat Slip
  • Oak Trees

About This Home

As of May 2023

Attention BOATERS! This UPDATED, MOVE-IN READY, MAINTENANCE-FREE, 2 bedroom, 2 bathroom, 2-car garage villa is located “west of the trail” in the small community of Sorrento Inlet and provides the opportunity to rent a private community boat slip with NO FIXED BRIDGES and quick DEEP-WATER ACCESS for either $40 or $60/month (size dependent). Slips are available on a first come, first serve basis with a small slip currently available, a large slip becoming available in March, and no current waiting list. Plus, the villa floorplan in this community, with all rooms on the ground floor (NO STEPS!), rarely hits the market. Don’t miss your chance! The spacious villa is newly painted and has 1,429 sqft under A/C, including a large, enclosed lanai with storm/solar shutters. The kitchen has been fully updated with granite counters, backsplash, and you are going to love all the pull-out shelves. The appliances are 3 years old, garbage disposal new in 2022. The spacious master bedroom has an ensuite bathroom, walk-in closet, and direct access to the lanai via sliders. The guest bedroom also has direct access to the lanai via sliders. Both bathrooms have updated vanities with granite counters and newer fixtures. The spacious combo dining/living room also has access to the enclosed lanai via sliders. The convenient interior laundry room has a newer washer and dryer, plus a sink and cabinets for storage. Value-added features include newer laminate flooring throughout with updated 4-inch baseboards, plentiful plantation shutters, crown molding in all rooms but the bedrooms and bathrooms, ceiling fans in all main rooms, and shelving in bedroom and garage closets. The garage also features a pull-down ladder for additional storage in the attic space. Water heater is 2019, A/C 2013. Sorrento Inlet provides all owners with maintenance free living, and you will love how well it is maintained, not to mention its strong balance sheet. Living at Sorrento Inlet also means you get to enjoy the 2 combo pickleball/tennis courts, heated pool, and shuffleboard court. Plus, you are a short drive or bike ride along back/neighborhood roads to Nokomis Beach, and 4 miles to Historic Downtown Venice and all of its fine dining, shopping, and entertainment options. Call now to start living the Florida lifestyle!

Last Agent to Sell the Property

Mike Saur

CENTURY 21 SCHMIDT REAL ESTATE License #3348763 Listed on: 02/24/2023

CENTURY 21 SCHMIDT REAL ESTATE

Last Buyer's Agent

Karin Watt

MICHAEL SAUNDERS & COMPANY License #3558438

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,026

Year Built

  • Built in 1982

Lot Details

  • 175 Feet of Salt Water Canal Waterfront
  • Property fronts a saltwater canal
  • Northeast Facing Home
  • Mature Landscaping
  • Irrigation
  • Oak Trees

HOA Fees

  • $574 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Villa
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,429 Sq Ft Home
  • 1-Story Property
  • Crown Molding
  • Ceiling Fan
  • Shade Shutters
  • Blinds
  • Solar Screens
  • Combination Dining and Living Room
  • Garden Views
  • Walk-Up Access

Kitchen

  • Walk-In Pantry
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • En-Suite Bathroom
  • Walk-In Closet
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • Heated In Ground Pool
  • Gunite Pool
  • Pool Lighting

Outdoor Features

  • Access To Marina
  • No Fixed Bridges
  • Property is near a marina
  • Access to Saltwater Canal
  • First Come-First Served Dock
  • Dock has access to water
  • Rip-Rap
  • Boat Ramp
  • Assigned Boat Slip
  • Open Dock
  • Dock made with Composite Material
  • Enclosed patio or porch
  • Exterior Lighting

Location

  • Property is near public transit
  • Property is near a golf course

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, pest control, private road, recreational facilities
  • Progressive Community Management, Inc. Association, Phone Number (941) 921-5393
  • Sorrento Inlet Community
  • Sorrento Inlet Ph 4 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Boat Ramp
  • Community Boat Slip
  • Tennis Courts
  • Pickleball Courts
  • Recreation Facilities
  • Shuffleboard Court
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 20 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Additional Features

  • Community Mailbox
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,026

Year Built

Built in 1982

Lot Details

0

HOA Fees

$574 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Pool, Private Road, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Villa
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1429
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 1949
  • Directions to Property: Turn west on Bayshore Dr off of US Hwy 41; turm right on Sorrento Inlet; take first right and then first left; #702 is on left.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 213008162
  • Minimum Lease: 6 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 276.42
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Walk-Up
  • MFR_BedroomClosetType: Walk-in Closet
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Living Room/Dining Room Combo, Master Bedroom Main Floor, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds, Shutters, Solar Screens
  • Street Number Modifier: 702
  • ResoLivingAreaSource: Owner
  • Living Area Meters: 132.76
  • Room Count: 6

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Gunite, Heated, In Ground, Lighting
  • Exterior Features: Irrigation System, Lighting, Shade Shutter(s), Tennis Court(s)
  • Roof: Tile
  • Pool Private: No
  • View: Garden
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Enclosed, Rear Porch
  • Road Surface Type: Asphalt, Paved
  • Disclosures: Condominium Disclosure Available
  • Water Access: Canal - Saltwater,Marina
  • Water Extras: Assigned Boat Slip,Boat Ramp - Private,Bridges - No Fixed Bridges,Dock - Composite,Dock - Open,Dock - Slip 1st Come,Dock w/Electric,Dock w/Water Supply,Riprap
  • Water Extras YN: 1
  • Water Frontage Feet Canal Salt: 175
  • Water View YN: 0
  • Waterfront Feet Total: 175

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Boat Ramp, Community Mailbox, Deed Restrictions, Fishing, Golf Carts OK, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Maintenance, Pickleball Court(s), Pool, Private Boat Ramp, Recreation Facilities, Shuffleboard Court, Tennis Court(s)
  • Association Fee Frequency: Quarterly
  • Association Name: Progressive Community Management, Inc.
  • Phone: 941-921-5393
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Pet Restrictions: One dog and one cat is permitted, or two cats are permitted. Max number of dogs is one.
  • Association Fee Requirement: Required
  • Condo Fees: 1721
  • Max Pet Weight: 20
  • Montly Maint Amt Addition To HOA: 0
  • Association Email: office@pcmfla.com
  • Monthly Condo Fee Amount: 574
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 6884.00
  • Total Monthly Fees: 573.67
  • Monthly HOA Amount: 0.00

Lot Info

  • Zoning: RMF2
  • Parcel Number: 0161161002
  • Additional Parcels: No
  • Lot Features: Near Golf Course, Near Marina, Near Public Transit, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Size Limit, Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: See Declaration of Condo

Tax Info

  • Tax Annual Amount: 2026.25
  • Tax Book Number: 1388-558
  • Tax Lot: 4

Multi Family

  • Waterfront Features: Canal - Saltwater
  • Approval Process: Application and Boiard approval; see condo docs

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2023
Closed on
May 16, 2023
Sold by
Janssen David J and Janssen Barbara J
Bought by
Mccracken Chad and Mccracken Jennifer
Seller's Agent
Mike Saur
CENTURY 21 SCHMIDT REAL ESTATE
Buyer's Agent
Karin Watt
MICHAEL SAUNDERS & COMPANY
List Price
$415,000
Sold Price
$395,000
Premium/Discount to List
-$20,000
-4.82%
Views
43
Current Estimated Value
$375,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$19,629
Avg. Annual Appreciation
-3.02%
Original Mortgage
$296,250
Outstanding Balance
$289,488
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$79,403

Purchase Details

Closed on
Dec 29, 2022
Sold by
Harkins James P and Harkins Kimberly G
Bought by
Janssen David J and Janssen Barbara J

Purchase Details

Listed on
Sep 21, 2018
Closed on
Jun 27, 2019
Sold by
Bush David and Bush Elizabeth
Bought by
Harkins James P and Harkins Kimberly G
Seller's Agent
Curt Cooke
RE/MAX PLATINUM
Buyer's Agent
Hansel Pitts
COLDWELL BANKER SARASOTA CENT.
List Price
$238,700
Sold Price
$220,000
Premium/Discount to List
-$18,700
-7.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.81%
Original Mortgage
$176,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 2004
Sold by
Herrick Russell B and Herrick Betty L
Bought by
Bush David and Bush Elizabeth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Mccracken Chad $3,950 Msc Title
Janssen David J $385,000 --
Harkins James P $220,000 Sunbelt Title Agency
Bush David $186,000 Executive Title Ins Svcs Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mccracken Chad $296,250
Previous Owner Harkins James P $176,000
Previous Owner Bush David $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/16/2023 05/16/23 Sold $395,000 -1.2% $276 / Sq Ft
04/19/2023 04/19/23 Pending -- -- --
04/14/2023 04/14/23 Price Changed $399,900 -3.6% $280 / Sq Ft
02/24/2023 02/24/23 For Sale $415,000 +88.6% $290 / Sq Ft
06/27/2019 06/27/19 Sold $220,000 0.0% $152 / Sq Ft
05/01/2019 05/01/19 Off Market $220,000 -- --
04/30/2019 04/30/19 Pending -- -- --
04/09/2019 04/09/19 Price Changed $224,700 -1.7% $155 / Sq Ft
02/05/2019 02/05/19 Price Changed $228,700 -1.7% $158 / Sq Ft
11/03/2018 11/03/18 Price Changed $232,700 -2.5% $160 / Sq Ft
09/21/2018 09/21/18 For Sale $238,700 -- $165 / 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 $3,381 $265,500 -- $265,500
2023 $3,381 $267,000 $0 $267,000
2022 $2,047 $186,951 $0 $0
2021 $2,026 $181,506 $0 $0
2020 $2,026 $179,000 $0 $179,000
2019 $1,267 $120,986 $0 $0
2018 $1,220 $118,730 $0 $0
2017 $1,209 $116,288 $0 $0
2016 $1,201 $138,500 $0 $138,500
2015 $1,221 $139,400 $0 $139,400
2014 $1,213 $110,548 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4561971

Stellar MLS

APN: 0161-16-1002