NOT LISTED FOR SALE

7880 Palm Aire Ln Unit 206 Sarasota, FL 34243

Estimated Value: $269,105 - $309,000

2 Beds
2 Baths
1,444 Sq Ft
1.08 Acres

Last Sold May 10, 2021

Last sale price $219,500 $152 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $1,883/month

5 Days on Market

Highlights

  • Water Views
  • 1.08 Acre Lot
  • Tile Flooring
  • Golf Course Community
  • Community Pool
  • Sliding Doors

About This Home

As of May 2021

Located in the rarely available Palm-Aire at Sarasota this highly desireable condo is in excellent condition, has many upgrades/rennovations and a beautiful layout. Immediately after opening the front door you will notice the incredible views of the Champions golf course at Palm Aire Country Club which is showcased through the large impact sliding doors. This 2 brm/2 bath with a den/office (which could easily be converted into a 3rd bedroom) has been meticulously cared for. Recent upgrades includes: Armortech IMPACT HURRICANE SLIDING DOORS and IMPACT WINDOWS, A/C replaced 2015, STAINLESS STEEL REFRIGERATOR, STOVE, and DISHWASHER 2013, QUARTZ COUNTERTOPS, ALL NEW ELECTRICAL PANEL 2016, complete renovation of the two bathrooms 2017, INTERIOR PAINT 2020, NEW CARPETING in the Living areas 2020, NEW HOT WATER HEATER 2020. Golf membership is available but not required. Call for a private showing!
The updates, view and location make this a rare find of a ready to move into condo that you have been hoping would come on the market!

Last Agent to Sell the Property

Ashley Beasley

REALTY PLACE License #3446956 Listed on: 03/19/2021

Co-Listed By

Barbara Beasley

REALTY PLACE License #3487373

Last Buyer's Agent

Constance Puleo

WILSON PULEO REAL ESTATE License #3129903

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,691

Year Built

  • Built in 1977

Lot Details

  • East Facing Home
  • Irrigation

Home Design

  • Stem Wall Foundation
  • Block Exterior

Interior Spaces

  • 1,444 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Water Views

Kitchen

  • Cooktop
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Storage

Schools

  • Kinnan Elementary School
  • Braden River Middle School
  • Braden River High School

Utilities

  • Central Air
  • Heating Available
  • Electric Water Heater
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 206
  • Assessor Parcel Number 1956206807

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include community pool, escrow reserves fund, insurance, maintenance exterior, ground maintenance, pool maintenance, sewer, trash, water
  • Brenda Smith Myers Association, Phone Number (941) 359-1134
  • Palm Aire Community
  • Palm Aire At Sarasota 8 A Subdivision
  • Association Approval Required
  • The community has rules related to deed restrictions

Recreation

  • Golf Course Community
  • Community Pool

Pet Policy

  • Pets up to 20 lbs
  • Limit on the number of pets
  • Pet Size Limit
  • Breed Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,691

Year Built

Built in 1977

Lot Details

0

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Insurance, Maintenance Exterior, Maintenance Grounds, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Water View: Yes
  • Construction Materials: Block
  • Living Area: 1444.00
  • Lot Size Acres: 1.08
  • Year Built: 1977
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4494602?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4494602?w=Customer
  • Lot Size Sq Ft: 47232
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4494602?w=PubMLS
  • Directions to Property: From University Parkway turn North on Whitefield. Take left on Palm Aire Dr. Take first right on Plam Aire Ln. Condo is on the left, end unit upstairs. #102
  • Escrow State: FL
  • List Office Head Office Key Nume: 197679734
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 5
  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Stem Wall
  • Total Bedrooms: 2
  • Floor Number: 2
  • Levels: One
  • Stories: 2
  • Living Area Meters: 134.15
  • Street Number Modifier: 7880

Exterior Features

  • Direction Faces: East
  • Exterior Features: Irrigation System, Sliding Doors, Storage
  • Water View: Creek
  • Flood Zone Code: X
  • Flood Zone Date: 03/17/2014
  • Flood Zone Panel: 12081C0340E

Utilities

  • Utilities: Cable Available, Electricity Connected, Phone Available, Sewer Connected, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Canal/Lake For Irrigation

Condo/Co-op/Association

  • S W Subdiv Community Name: Palm Aire
  • Community Features: Buyer Approval Required, Deed Restrictions, Golf, Pool
  • Pet Restrictions: Under 20 lbs
  • Building Name Number: PALM-AIRE AT SARASOTA 8A
  • Condo Fees: 890
  • Condo Fees Term: Quarterly
  • Max Pet Weight: 20
  • Monthly Condo Fee Amount: 297
  • Pet Size: Small (16-35 Lbs.)
  • Association Approval Required: Yes
  • Association Fee Frequency: Quarterly
  • Association Fee Requirement: Required
  • Association Name: Brenda Smith-Myers
  • Phone: 941-359-1134
  • Association: Yes
  • Association Email: BSmith-Myers@amiwra.com

Fee Information

  • Total Annual Fees: 3560.00
  • Total Monthly Fees: 296.67

Schools

  • Elementary School: Kinnan Elementary
  • Middle School: Braden River Middle
  • High School: Braden River High
  • Elementary School: Kinnan Elementary
  • High School: Braden River High
  • Middle Or Junior School: Braden River Middle

Lot Info

  • Zoning: PDR/WPE/
  • Parcel Number: 1956206807
  • Lot Size Square Meters: 4388

Rental Info

  • Minimum Lease: 1 Month
  • Additional Lease Restrictions: Buyer to verify all lease restrictions from the HOA.
  • Lease Restrictions: Yes
  • Pets Allowed: Breed Restrictions, Number Limit, Size Limit, Yes

Multi Family

  • Approval Process: The $100 application fee must accompany each application to rent. It's the owner's responsiblitity to verify and ensure Rules and Regualtions are followed.

Tax Info

  • Tax Annual Amount: 2691.00
  • Tax Lot: 206

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 19, 2021
Closed on
May 6, 2021
Sold by
Irwin John J and Mcgivern Susan K
Bought by
Banga Kanwal Preet Singh and Jain Ajeet
Seller's Agent
Ashley Beasley
REALTY PLACE
Buyer's Agent
Constance Puleo
WILSON PULEO REAL ESTATE
List Price
$219,500
Sold Price
$219,500
Current Estimated Value
$284,776

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$65,276
Avg. Annual Appreciation
6.04%
Original Mortgage
$164,625
Outstanding Balance
$149,191
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$135,585

Purchase Details

Closed on
Aug 22, 2003
Sold by
Balinsky David A
Bought by
Irwin John J and Mcgivern Susan K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$133,000
Interest Rate
6.13%

Purchase Details

Closed on
Nov 30, 2000
Sold by
Peverly George C and Peverley George C
Bought by
Balinsky David A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$96,900
Interest Rate
7.82%

Purchase Details

Closed on
Nov 10, 1997
Sold by
Grichtmeier Shirley A and Grichtmeier Elmer R
Bought by
Peverly George C and Peverly Nancy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,050
Interest Rate
7.27%
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
Banga Kanwal Preet Singh $219,500 Wr Title Services Llc
Irwin John J $140,000 --
Balinsky David A $102,000 --
Peverly George C $79,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Banga Kanwal Preet Singh $164,625
Previous Owner Irwin John J $133,000
Previous Owner Balinsky David A $96,900
Previous Owner Peverly George C $75,050
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $219,500 0.0% $152 / Sq Ft
03/24/2021 03/24/21 Pending -- -- --
03/19/2021 03/19/21 For Sale $219,500 -- $152 / 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 $4,448 $246,500 -- $246,500
2024 $4,448 $297,500 -- $297,500
2023 $4,172 $276,250 $0 $276,250
2022 $2,947 $225,750 $0 $225,750
2021 $2,829 $175,000 $0 $175,000
2020 $2,691 $157,000 $0 $157,000
2019 $2,709 $157,000 $0 $157,000
2018 $2,633 $156,000 $0 $0
2017 $2,302 $142,500 $0 $0
2016 $2,102 $123,400 $0 $0
2015 $1,791 $118,650 $0 $0
2014 $1,791 $100,581 $0 $0
2013 $1,640 $91,164 $1 $91,163
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4494602

Stellar MLS

APN: 19562-0680-7