NOT LISTED FOR SALE

7931 Lorraine Rd (Fka Bee Ridge Rd Ext) Sarasota, FL 34241

Estimated Value: $1,705,628 - $1,800,000

4 Beds
4.5 Baths
4,841 Sq Ft
$362/Sq Ft Est. Value

Last Sold July 09, 2019

Last sale price $1,050,000 $217 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $10,210/month

291 Days on Market

Highlights

  • Stables
  • Oak Trees
  • Custom Home
  • Lakeview Elementary School Rated A
  • Screened Pool
  • View of Trees or Woods

About This Home

As of July 2019

A Timeless Beauty! A custom home with a 7 stall barn, where you can board your horses, along side a large storage garage with 3- 12 ft motorized doors. Space for motorhomes, classic cars and more. Imagine practicing dressage and living the ultimate equestrian lifestyle. Add to that just an 11 mile trip to the sugar sands beaches of Siesta Key. When you enter your private estate you'll pass the heart-shaped pond with gazebo, along a romantic winding drive to your very own 10 acres with grazing fields. Welcoming you home is a 4-bedroom suite residence. A pavered portico entrance greets guests before stepping inside to soaring tray ceilings, crown molding, and spaces ideal for gracious living. Cook for one or a dozen in the open kitchen with expansive granite island featuring built-in eating space and stainless Kitchenaide appliances. The home uses all-natural gas for the 8-burner stove top, pool heater, and 2 fireplaces. Huge sliders in the great room corner pocket to completely open to the elements. Experience peace of mind with Eagle and PGT windows, hurricane shutters in the lanai, sprinkler system, intercom system, and electric gate with monitors. Spend endless afternoons on the screened pool terrace with beach entry infinity pool and a salt-generated chlorine system. You’ll appreciate two oversized 2-car garages, along with circular driveway and 2-car carport. No HOA.

Last Agent to Sell the Property

Kathleen Carbone

MICHAEL SAUNDERS & COMPANY License #0631009 Listed on: 08/06/2018

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Erin Smith

PALM REALTY LLC License #3386482

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,688

Year Built

  • Built in 2004

Lot Details

  • 10 Acre Lot
  • East Facing Home
  • Child Gate Fence
  • Mature Landscaping
  • Oversized Lot
  • Well Sprinkler System
  • Oak Trees
  • Property is zoned OUE

Parking

  • 4 Car Attached Garage
  • 2 Carport Spaces
  • Portico
  • Garage Door Opener
  • Open Parking

Home Design

  • Custom Home
  • Bi-Level Home
  • Slab Foundation
  • Metal Roof
  • Block Exterior

Interior Spaces

  • 4,841 Sq Ft Home
  • Open Floorplan
  • Bar Fridge
  • Crown Molding
  • High Ceiling
  • Ceiling Fan
  • Gas Fireplace
  • Blinds
  • Drapes & Rods
  • Sliding Doors
  • Family Room with Fireplace
  • Great Room
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Formal Dining Room
  • Den
  • Bonus Room
  • Storage Room
  • Inside Utility
  • Views of Woods

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Cooktop with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Trash Compactor
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Security Gate
  • Fire and Smoke Detector

Pool

  • Screened Pool
  • Heated Infinity Pool
  • Fence Around Pool
  • Auto Pool Cleaner
  • Pool Lighting

Outdoor Features

  • Covered patio or porch
  • Outdoor Kitchen
  • Gazebo
  • Outdoor Storage
  • Outdoor Grill

Schools

  • Lakeview Elementary School
  • Sarasota Middle School
  • Riverview High School

Farming

  • Pasture

Horse Facilities and Amenities

  • Zoned For Horses
  • Stables

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Thermostat
  • Natural Gas Connected
  • Water Filtration System
  • Well
  • Tankless Water Heater
  • Gas Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association
  • Built by Christner Brothers
  • Acreage & Unrec Subdivision, Custom Floorplan
  • Greenbelt

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,688

Year Built

Built in 2004

Lot Details

0

Parking

4

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Other
  • Fireplace: Yes
  • Living Area: 4841
  • Lot Size Acres: 10
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 8140
  • Lot Size Sq Ft: 435600
  • Directions to Property: Bee Ridge Extension across from Gator Creek Entrance.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4410072&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4410072&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: Yes
  • Total Acreage: 10 to less than 20
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.82353
  • Price per Sq Ft: 216.9
  • Close to Original List Price Ratio: 0.46667
  • Ratio: Current Price\Building Area Total: 128.99
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Gas, Family Room, Living Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Central Vaccum, Crown Molding, Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Bar Fridge, Convection Oven, Cooktop, Dishwasher, Disposal, Dryer, Exhaust Fan, Gas Water Heater, Ice Maker, Microwave, Range, Range Hood, Refrigerator, Tankless Water Heater, Trash Compactor, Washer, Water Filtration System
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Yn: No
  • Window Features: Blinds, Drapes, Window Treatments
  • Street Number Modifier: 7931
  • Room Count: 10
  • Additional Rooms: Bonus Room, Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Great Room, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Other Structures: Gazebo, Stable(s)
  • Pool Features: Auto Cleaner, Child Safety Fence, Heated, In Ground, Infinity, Lighting, Screen Enclosure
  • Exterior Features: Fenced, Outdoor Grill, Outdoor Kitchen, Sliding Doors, Storage
  • Roof: Metal
  • Pool Private: Yes
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Front Porch
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0170F
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Spaces: 2
  • Carport Y N: Yes
  • Garage Spaces: 4
  • Garage Yn: Yes
  • Parking Features: Covered, Garage Door Opener, Oversized, Portico
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sprinkler Well
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Septic Tank
  • Water Source: Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Security: Security Gate, Security System, Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Schools

  • Elementary School: Lakeview Elementary
  • High School: Riverview High
  • Middle Or Junior School: Sarasota Middle

Lot Info

  • Zoning: OUE
  • Parcel Number: 0281010004
  • Additional Parcels: No
  • Lot Features: Greenbelt, Oversized Lot, Pasture, Zoned for Horses
  • Flood Zone Code: A
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: Christner Brothers

Rental Info

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

Tax Info

  • Tax Annual Amount: 9688
  • Tax Lot: NA

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 6, 2022
Sold by
Purser and Michael
Bought by
Christine Purser And Michael Purser Revocable
Current Estimated Value
$1,698,255

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$997,500
Outstanding Balance
$947,811
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$538,137

Purchase Details

Listed on
Aug 6, 2018
Closed on
Jul 9, 2019
Sold by
Watklins Victoria A
Bought by
Purser Christine and Purser Michael
Seller's Agent
Kathleen Carbone
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Erin Smith
PALM REALTY LLC
List Price
$1,275,000
Sold Price
$1,050,000
Premium/Discount to List
-$225,000
-17.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.87%
Original Mortgage
$840,000
Interest Rate
3.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 2, 2017
Sold by
Waltkins Victoira A
Bought by
Watkins Victoira A and Watkins Revtr Victoria A

Purchase Details

Closed on
Jun 1, 2017
Bought by
Victoria A Watkins Revocable T

Purchase Details

Closed on
Jan 18, 2017
Sold by
Watkins Victoria A
Bought by
Watkins Victoria A and Victoria A Watkins Rev Tr

Purchase Details

Closed on
Oct 31, 2001
Sold by
Peace River Presbytery Inc
Bought by
Watkins Tim L and Watkins Victoria A
Source: Public Records

Range of Values:

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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
Christine Purser And Michael Purser Revocable -- Ferrari Butler & Moneymaker P
Purser Christine $1,050,000 Integrity Title Services Inc
Victoria A Watkins Revocable T $100 --
Watkins Victoria A -- Attorney
Watkins Tim L $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Christine Purser $100,000
Open Purser Christine $997,500
Previous Owner Purser Christine $846,000
Previous Owner Purser Christine $840,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/09/2019 07/09/19 Sold $1,050,000 -17.6% $217 / Sq Ft
05/24/2019 05/24/19 Pending -- -- --
05/21/2019 05/21/19 For Sale $1,275,000 0.0% $263 / Sq Ft
05/20/2019 05/20/19 Pending -- -- --
05/13/2019 05/13/19 Price Changed $1,275,000 -7.3% $263 / Sq Ft
04/22/2019 04/22/19 Price Changed $1,375,000 -8.3% $284 / Sq Ft
04/08/2019 04/08/19 Price Changed $1,499,000 -6.3% $310 / Sq Ft
02/06/2019 02/06/19 Price Changed $1,599,995 -5.9% $331 / Sq Ft
01/07/2019 01/07/19 Price Changed $1,699,500 -6.9% $351 / Sq Ft
11/02/2018 11/02/18 Price Changed $1,825,000 -8.7% $377 / Sq Ft
09/04/2018 09/04/18 Price Changed $1,999,995 -11.1% $413 / Sq Ft
08/06/2018 08/06/18 For Sale $2,250,000 -- $465 / 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 $10,944 $905,257 -- --
2023 $10,944 $878,710 $0 $0
2022 $11,068 $853,227 $0 $0
2021 $10,483 $828,286 $0 $0
2020 $12,065 $939,300 $288,800 $650,500
2019 $11,780 $886,900 $220,100 $666,800
2018 $9,689 $755,297 $0 $0
2017 $9,655 $739,762 $0 $0
2016 $9,844 $853,400 $316,300 $537,100
2015 $10,020 $773,300 $296,900 $476,400
2014 $9,987 $813,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4410072

Stellar MLS

APN: 0281-01-0004