NOT LISTED FOR SALE

7132 40th Ln E Sarasota, FL 34243

Estimated Value: $500,000 - $520,000

4 Beds
2 Baths
1,993 Sq Ft
$256/Sq Ft Est. Value

Last Sold April 26, 2018

Last sale price $348,000 $175 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,251/month

117 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Home fronts a pond
  • Contemporary Architecture
  • Screened Pool
  • Pond View
  • Family Room with Fireplace

About This Home

As of April 2018

This is a corporately owned property and can close quick. This house has a brand new tile roof, appliances, granite paint, and much more. 4 bed 2 bath 2 car garage 1,992 SQFT with pool that looks brand new! lots of space outside for BBQ's , entertaining friends and family. very quite cul-de-sac little traffic. If your looking for a house and just can't make your mind up, come see this one! It won't disappoint.

Last Agent to Sell the Property

Eddie Thornburg Jr, Jr

License #433630 Listed on: 11/17/2017

Last Buyer's Agent

Julie Levato

MARCUS & COMPANY REALTY License #3315075

MARCUS & COMPANY REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,141

Year Built

  • Built in 1989

Lot Details

  • 10,149 Sq Ft Lot
  • Home fronts a pond
  • 110 Feet of Waterfront
  • Landscaped with Trees
  • Property is zoned PDR/WPE/

HOA Fees

  • $41 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Driveway

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,993 Sq Ft Home
  • Dry Bar
  • High Ceiling
  • Ceiling Fan
  • French Doors
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Pond Views
  • Laundry in unit
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Pool

  • Screened Pool
  • In Ground Pool
  • Fence Around Pool

Schools

  • Kinnan Elementary School
  • Sara Scott Harllee Middle School
  • Southeast High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, recreational facilities
  • Trails Community
  • The Trails Ph I Subdivision

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,141

Year Built

Built in 1989

Lot Details

0

HOA Fees

$41 per month

Parking

2

Listing Details

  • HOA Fee Includes: Community Pool, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 1993
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 2758
  • Lot Size Sq Ft: 10149
  • Status: Sold
  • Street Post Direction: E
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=T2914644&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=T2914644&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.99742
  • Price per Sq Ft: 174.61
  • Close to Original List Price Ratio: 0.91603
  • Ratio: Current Price\Building Area Total: 126.18
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Attic, Ceiling Fans(s), Dry Bar, High Ceiling(s), Kitchen/Family Room Combo
  • Appliances Included: Electric Water Heater, Microwave, Oven, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Room Count: 4
  • Additional Rooms: Attic, Family Room
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: In Ground, Screen Enclosure
  • Exterior Features: French Doors
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0317E
  • Waterfront Frontage: 110
  • Water Frontage Feet Pond: 110

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 495
  • Association Fee Frequency: Annually
  • Association: Yes
  • Senior Community: No
  • Condo Land Included Y N: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 495
  • Monthly HOA Fee: 41.25
  • Total Monthly Fees: 41.25

Schools

  • Elementary School: Kinnan Elementary
  • High School: Southeast High
  • Middle Or Junior School: Sara Scott Harllee Middle

Lot Info

  • Zoning: PDR/WPE/
  • Parcel Number: 1941912758
  • Additional Parcels: No
  • Lot Features: Sidewalk
  • Millage Rate: 15.68
  • Flood Zone Code: X
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Annual Amount: 4141
  • Tax Book Number: 24-175
  • Tax Lot: 130

Multi Family

  • Waterfront Features: Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 17, 2017
Closed on
Apr 12, 2018
Sold by
Florida Investors Capital Llc
Bought by
Udu Realty Llc
Seller's Agent
Eddie Thornburg Jr, Jr
Buyer's Agent
Julie Levato
MARCUS & COMPANY REALTY
List Price
$348,900
Sold Price
$348,000
Premium/Discount to List
-$900
-0.26%
Current Estimated Value
$510,743

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$162,743
Avg. Annual Appreciation
5.24%

Purchase Details

Closed on
Apr 1, 2017
Bought by
Florida Investors Capital Llc

Purchase Details

Closed on
Apr 27, 2007
Sold by
Schiffman Mark A and Schiffman Andrea L
Bought by
Fields Lawrence M and Fields Carol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$291,920
Interest Rate
5.75%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 12, 2000
Sold by
Tanner Joel D and Tanner Rachael H
Bought by
Schiffman Mark A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$116,700
Interest Rate
8.29%

Purchase Details

Closed on
Nov 24, 1997
Sold by
Barnett Bk N A
Bought by
Tanner Joel D and Tanner Rachael H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,035
Interest Rate
7.35%
Mortgage Type
FHA

Purchase Details

Closed on
Sep 19, 1997
Sold by
Court Clerk Circuit
Bought by
Barnett Bk N A
Source: Public Records

Range of Values:

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Average Value
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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
Udu Realty Llc $348,000 Attorney
Florida Investors Capital Llc $256,600 --
Fields Lawrence M $364,900 Attorney
Schiffman Mark A $145,900 --
Tanner Joel D $126,000 --
Barnett Bk N A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fields Lawrence M $291,920
Previous Owner Schiffman Mark A $116,700
Previous Owner Tanner Joel D $122,035
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2018 04/26/18 Sold $348,000 -0.3% $175 / Sq Ft
03/15/2018 03/15/18 Pending -- -- --
03/13/2018 03/13/18 For Sale $348,900 0.0% $175 / Sq Ft
03/12/2018 03/12/18 Pending -- -- --
03/09/2018 03/09/18 Price Changed $348,900 -0.3% $175 / Sq Ft
02/22/2018 02/22/18 Price Changed $349,900 -2.4% $176 / Sq Ft
02/18/2018 02/18/18 Price Changed $358,500 -0.1% $180 / Sq Ft
02/17/2018 02/17/18 Price Changed $358,900 -0.3% $180 / Sq Ft
02/10/2018 02/10/18 Price Changed $359,900 -1.1% $181 / Sq Ft
02/09/2018 02/09/18 Price Changed $363,900 -0.5% $183 / Sq Ft
01/31/2018 01/31/18 Price Changed $365,900 -0.5% $184 / Sq Ft
01/24/2018 01/24/18 Price Changed $367,900 -0.3% $185 / Sq Ft
01/16/2018 01/16/18 Price Changed $368,900 -0.3% $185 / Sq Ft
01/08/2018 01/08/18 Price Changed $369,900 -0.3% $186 / Sq Ft
12/28/2017 12/28/17 Price Changed $370,900 -0.5% $186 / Sq Ft
12/19/2017 12/19/17 Price Changed $372,900 -0.5% $187 / Sq Ft
12/04/2017 12/04/17 Price Changed $374,900 -1.3% $188 / Sq Ft
11/17/2017 11/17/17 For Sale $379,900 -- $191 / 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 $6,432 $419,058 $51,000 $368,058
2024 $6,432 $463,620 $51,000 $412,620
2023 $6,263 $465,396 $51,000 $414,396
2022 $5,621 $403,058 $50,000 $353,058
2021 $4,610 $294,032 $50,000 $244,032
2020 $4,371 $262,020 $45,000 $217,020
2019 $4,509 $268,693 $45,000 $223,693
2018 $4,422 $260,553 $40,000 $220,553
2017 $4,141 $255,431 $0 $0
2016 $4,138 $250,281 $0 $0
2015 $2,461 $180,111 $0 $0
2014 $2,461 $178,682 $0 $0
2013 $2,424 $176,041 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2018

    Eddie Thornburg Jr, Jr

  • J

    Buyer's Agent in 2018

    Julie Levato

    MARCUS & COMPANY REALTY

    (508) 612-3376

    2 Total Sales

    Julie Levato
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Map

Source: Stellar MLS

MLS Number: T2914644

Stellar MLS

APN: 19419-1275-8

Florida Manatee County Sarasota 34243

7132 40th Ln E, Sarasota, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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