NOT LISTED FOR SALE

740 Penfield St Longboat Key, FL 34228

Estimated Value: $1,815,000 - $2,232,789

4 Beds
2.5 Baths
3,262 Sq Ft
$640/Sq Ft Est. Value

Last Sold June 09, 2017

Last sale price $605,000 $185 Per Sq Ft

Est. 245% increase in value since last sale

Current estimated payment $13,185/month

5 Days on Market

Highlights

  • 120 Feet of Fresh Water Canal Waterfront
  • Dock Does Not Have A Water Supply
  • Screened Pool
  • Anna Maria Elementary School Rated A-
  • Boat Slip Deeded
  • Canal View

About This Home

As of June 2017

So many possibilities with this large family-style retreat home with 120 feet of direct canal access, just one home away from Little Sarasota Bay and a short distance from open bay waters. The main living floor features three bedrooms, an eat-in kitchen, a sizable living room with wood-burning fireplace and access to a covered terrace running the length of the building. The air conditioned lower level has an additional two bedrooms and large game/bonus room with a walk-out to the pool and spa with an outdoor shower and the fully covered lower level entertainment area. After a day on the water, pull your boat up to the dock with its handy fish-cleaning station, complete with water and electricity, and clean the catch for dinner. The salt-water pool and elevated spa are large, very private and protected from the elements by a pool cage. There is an oversized two-car garage which features a work-room and plenty of storage for the recreational water vehicles and bikes. And, there is plenty of guest parking right on the property. Perfect for an investment property, second home or primary residence this year-round home is minutes from the beaches Anna Maria and Holmes Beach to the north or St. Armands, Siesta Key and more to the south.

Last Agent to Sell the Property

Barbara Ackerman

COLDWELL BANKER REALTY License #0264324 Listed on: 03/17/2017

COLDWELL BANKER REALTY

Last Buyer's Agent

Jesse Griffin

CENTURY 21 BEGGINS ENTERPRISES License #3081650

CENTURY 21 BEGGINS ENTERPRISES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,242

Year Built

  • Built in 1983

Lot Details

  • 0.26 Acre Lot
  • 120 Feet of Fresh Water Canal Waterfront
  • Mature Landscaping
  • Landscaped with Trees
  • Property is zoned R4SF

Parking

  • 2 Car Attached Garage
  • Parking Pad
  • Workshop in Garage
  • Driveway

Home Design

  • Elevated Home
  • Bi-Level Home
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Siding
  • Stucco

Interior Spaces

  • 3,262 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • Entrance Foyer
  • Living Room with Fireplace
  • Canal Views

Kitchen

  • Eat-In Kitchen
  • Oven
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Spa
  • Fence Around Pool
  • Outdoor Shower

Outdoor Features

  • Access to Freshwater Canal
  • Boat Slip Deeded
  • Dock Does Not Have A Water Supply
  • Open Dock
  • Balcony
  • Exterior Lighting

Schools

  • Anna Maria Elementary School
  • W.D. Sugg Middle School
  • Bayshore High School

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Sleepy Lagoon Community
  • Sleepy Lagoon Park 3 Subdivision

Listing and Financial Details

  • Tax Lot 10
  • Assessor Parcel Number 7851700554

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,242

Year Built

Built in 1983

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Siding, Stucco
  • Fireplace: Yes
  • Living Area: 3262
  • Lot Size Acres: 0.26
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 5250
  • Lot Size Sq Ft: 11520
  • Directions to Property: North on Gulf of Mexico Drive to Penfield. Make a right, drive down to second house from the end of the street on the right.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Estimated
  • Available for Lease YN: 1
  • List Office Head Office Key Nume: 1037306
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 185.47
  • Total Acreage: 1/4 Acre to 21779 Sq. Ft.
  • Water Access YN: 1
  • Property Description: Elevated
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Eat-in Kitchen, High Ceilings, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Dryer, Microwave, Oven, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Yn: Yes
  • Window Features: Blinds
  • Street Number Modifier: 740
  • ResoLivingAreaSource: Estimated
  • Additional Rooms: Formal Living Room Separate,Foyer
  • Room Count: 7

Exterior Features

  • Pool Features: Heated, In Ground, Screen Enclosure
  • Exterior Features: Balcony, Lighting, Outdoor Shower
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: SARASOTA BAY ACCESS
  • Waterfront: Yes
  • Water Access: Canal - Freshwater
  • Water Extras: Dock - Open,Dock - Slip Deeded On-Site,Dock w/Electric,Dock w/o Water Supply
  • Water Extras YN: 1
  • Water View: Canal
  • Water View YN: 1
  • Waterfront Feet Total: 120
  • Flood Zone Date: 2014-03-17T00:00:00.000
  • Flood Zone Panel: 12081C0291E
  • Water Frontage Feet Canal Fresh: 120

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Guest, Parking Pad, Workshop in Garage

Utilities

  • Utilities: Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric

Condo/Co-op/Association

  • Community Features: Water Access, Waterfront Complex
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: 0
  • Association Fee Requirement: None

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7851700554
  • Additional Parcels: No
  • Lot Features: Paved
  • Flood Zone Code: AE
  • Homestead YN: 1

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 0

Tax Info

  • Tax Annual Amount: 8242
  • Tax Book Number: 17-22
  • Tax Lot: 10

Multi Family

  • Waterfront Features: Canal - Freshwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 17, 2018
Sold by
Larweth James P
Bought by
St Anton Llc
Current Estimated Value
$2,086,197

Purchase Details

Listed on
Mar 17, 2017
Closed on
Jun 3, 2017
Sold by
Lewis Marcus T and Shaw Jaina L
Bought by
Larweth James P
Seller's Agent
Barbara Ackerman
COLDWELL BANKER REALTY
Buyer's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
List Price
$580,000
Sold Price
$605,000
Premium/Discount to List
$25,000
4.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.23%

Purchase Details

Closed on
Jan 1, 2017
Bought by
Larweth James P

Purchase Details

Closed on
Oct 15, 1999
Sold by
Barr Loyall Leland and Barr Suzanne
Bought by
Lewis John P and Lewis Rosemarie H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.85%
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
St Anton Llc -- Attorney
Larweth James P $605,000 Curringam Title Services Llc
Larweth James P $100 --
Lewis John P $410,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis John P $155,500
Previous Owner Lewis John P $179,001
Previous Owner Lewis John P $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2018 08/17/18 Off Market $605,000 -- --
06/09/2017 06/09/17 Sold $605,000 +4.3% $185 / Sq Ft
03/23/2017 03/23/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $580,000 -- $178 / 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 $21,816 $1,252,599 -- --
2024 $21,816 $1,841,551 $680,000 $1,161,551
2023 $20,314 $1,673,837 $510,000 $1,163,837
2022 $16,365 $1,160,211 $400,000 $760,211
2021 $13,645 $855,541 $360,000 $495,541
2020 $13,536 $806,248 $350,000 $456,248
2019 $12,912 $763,550 $325,000 $438,550
2018 $12,596 $734,620 $325,000 $409,620
2017 $8,241 $558,941 $0 $0
2016 $8,242 $547,445 $0 $0
2015 $8,398 $543,640 $0 $0
2014 $8,398 $539,325 $0 $0
2013 $8,221 $531,355 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4180979

Stellar MLS

APN: 78517-0055-4