NOT LISTED FOR SALE

7961 Megan Hammock Way Unit 2 Sarasota, FL 34240

Estimated Value: $1,036,000 - $1,146,000

3 Beds
3.5 Baths
3,459 Sq Ft
$315/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $650,000 $188 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $6,660/month

103 Days on Market

Highlights

  • Lake Front
  • Heated Indoor Pool
  • Gated Community
  • Tatum Ridge Elementary School Rated A-
  • Custom Home
  • Open Floorplan

About This Home

As of August 2014

WOW!" This fabulous home has the most breathtaking Lake and Preserve view in the entire community. The glass sliding doors from all angles allow a ringside view that encompass a large Lanai which features a gas-heated saltwater pool and spa that appear toflow effortlessly into the lake where king size Large Mouth Bass jump up year round. The view is almost 180-degrees from this premium location. The covered summer kitchen has a gas top burner to keep all frying and odors outside of the main home. A Chef's dream is the gourmet inside kitchen; which feature a Commercial high efficiency stainless steel gas range with six burners. The large Walk-in Pantry also acts as a Hurricane Safe Room with a half bathroom attached. The dry bar has its' own separate redand white wine coolers. The Kitchen has granite counters with matching backsplash flowing throughout that accents' the very unique Victorian-style custom cabinetry overhead. Of course it has a den with custom cabinetry as well as a bonus room for all your collectables. Beautiful columns define all open spaces and the flooring consist of 20" tile which is staggered throughout the house. Other features include a granite fireplace in the FR and a stone fireplace in the LR that matches the tile floor; a whole house gas generator; reverse osmosis with carbon filter system; UV light system with electrostatic filters; stereo and intercom systems both inside and out on the Lanai; high quality Plantation shutters grace all doors and windows. This is a "MUST SEE".

Last Agent to Sell the Property

Robert Arnold

SAND DOLLAR REALTY GROUP INC License #627826 Listed on: 03/11/2014

SAND DOLLAR REALTY GROUP INC

Last Buyer's Agent

Robert Arnold

SAND DOLLAR REALTY GROUP INC License #627826 Listed on: 03/11/2014

SAND DOLLAR REALTY GROUP INC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,594

Year Built

  • Built in 2005

Lot Details

  • 0.31 Acre Lot
  • Lake Front
  • Key Lot That May Back To Multiple Homes
  • Street terminates at a dead end
  • Northwest Facing Home
  • Well Sprinkler System
  • Property is zoned RSF1

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Custom Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior

Interior Spaces

  • 3,459 Sq Ft Home
  • Open Floorplan
  • Bar Fridge
  • Dry Bar
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Gas Fireplace
  • Blinds
  • Family Room with Fireplace
  • Living Room with Fireplace
  • Formal Dining Room
  • Bonus Room
  • Storage Room
  • Inside Utility
  • Lake Views

Kitchen

  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Freezer
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Eco-Friendly Details

  • Energy-Efficient Thermostat
  • HVAC UV or Electric Filtration

Pool

  • Heated Indoor Pool
  • Screened Pool
  • Saltwater Pool
  • Fence Around Pool
  • Pool Sweep
  • Spa

Schools

  • Tatum Ridge Elementary School
  • Mcintosh Middle School
  • Sarasota High School

Utilities

  • Zoned Heating and Cooling
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Water Softener is Owned
  • High Speed Internet

Listing and Financial Details

  • Tax Lot 2538
  • Assessor Parcel Number 0244080040

Community Details

Overview

  • Hammocks Unit 2 Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Playground

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,594

Year Built

Built in 2005

Lot Details

0

HOA Fees

$90 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block
  • Fireplace: Yes
  • Living Area: 3459
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 2005
  • Building Area Total: 4665
  • Lot Size Sq Ft: 13299
  • Directions to Property: Bee Ridge Rd East of I-75 approx. 2.5 miles. Proceed to the stop sign and turn left onto Iona Rd. Access off of Iona Rd. gate is open. Follow main road until you see Megan Hammock on your right. The home is the first on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • List Office Head Office Key Nume: 1051224
  • RATIO Current Price By Calculate: 187.92
  • Total Acreage: 1/4 to less than 1/2
  • Water Access YN: 0
  • Planned Unit Development Yn: 1
  • Tax Year: 2013
  • Special Features: None

Interior Features

  • Fireplace Features: Family Room, Gas, Living Room
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Wood
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Crown Molding, Dry Bar, High Ceilings, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s)
  • Appliances Included: Bar Fridge, Dryer, Freezer, Microwave, Range, Refrigerator, Washer, Water Softener Owned, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: Yes
  • Window Features: Blinds
  • Street Number Modifier: 7961
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Bonus Room,Family Room,Formal Dining Room Separate,Formal Living Room Separate,Inside Utility,Storage Rooms
  • Room Count: 12

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Heated, Indoor, Pool Sweep, Salt Water, Screen Enclosure
  • Roof: Tile
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes

Utilities

  • Utilities: BB/HS Internet Available, Gas, Public, Sprinkler Well, Street Lights, Underground Utilities
  • Cooling: Central Air, Zoned
  • Heating: Natural Gas
  • Laundry Features: Inside

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated, Playground
  • Association Amenities: Gated, Playground
  • Association Fee: 1080
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Gated Community
  • Senior Community: No
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1080.00
  • Total Monthly Fees: 90.00
  • Monthly HOA Amount: 90.00

Schools

  • Elementary School: Tatum Ridge Elementary
  • High School: Sarasota High
  • Middle Or Junior School: McIntosh Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0244080040
  • Additional Parcels: No
  • Lot Features: Key Lot, Sidewalk, Street Dead-End, Paved
  • Flood Zone Code: X
  • Homestead YN: 0
  • Zoning Compatible YN: 1
  • Future Land Use: 0100

Green Features

  • Efficiency: Thermostat
  • Green Indoor Air Qlty: HVAC UV/Elec. Filtration

Rental Info

  • Pets Allowed: Yes

Tax Info

  • Tax Annual Amount: 5594
  • Tax Book Number: 43/38
  • Tax Lot: 2538

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 31, 2016
Sold by
Megan Hammock Way Llc
Bought by
Oppenheimer Robert L and Oppenheimer Nancy A
Current Estimated Value
$1,089,224

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Mar 11, 2014
Closed on
Aug 29, 2014
Sold by
Harraway Charley E and Harraway Gail H
Bought by
7961 Megan Hammock Way Llc
Seller's Agent
Robert Arnold
SAND DOLLAR REALTY GROUP INC
Buyer's Agent
Robert Arnold
SAND DOLLAR REALTY GROUP INC
List Price
$685,500
Sold Price
$650,000
Premium/Discount to List
-$35,500
-5.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.73%

Purchase Details

Closed on
Oct 26, 2004
Sold by
Coachman Homes Of Sarasota Inc
Bought by
Harraway Charley E and Harraway Gail H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$674,000
Interest Rate
5.75%
Mortgage Type
Construction
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
Oppenheimer Robert L $700,000 None Available
7961 Megan Hammock Way Llc $650,000 Attorney
Harraway Charley E $138,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Venice Avenue Property Llc $1,450,000
Closed Oppenheimer Robert L $523,000
Closed Oppenheimer Robert L $560,000
Previous Owner Harraway Charley $515,000
Previous Owner Harraway Charley E $772,000
Previous Owner Harraway Charley E $674,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/14/2015 12/14/15 Off Market $650,000 -- --
08/29/2014 08/29/14 Sold $650,000 -5.2% $188 / Sq Ft
06/23/2014 06/23/14 Pending -- -- --
03/12/2014 03/12/14 For Sale $685,500 +5.5% $198 / Sq Ft
03/12/2014 03/12/14 Off Market $650,000 -- --
03/11/2014 03/11/14 For Sale $685,500 -- $198 / 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 $6,665 $559,950 -- --
2023 $6,665 $543,641 $0 $0
2022 $6,486 $527,807 $0 $0
2021 $6,385 $512,434 $0 $0
2020 $6,412 $505,359 $0 $0
2019 $6,212 $493,997 $0 $0
2018 $6,083 $484,786 $0 $0
2017 $6,059 $474,815 $0 $0
2016 $7,093 $509,600 $101,800 $407,800
2015 $7,275 $510,000 $93,400 $416,600
2014 $5,596 $410,665 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: O5214871

Stellar MLS

APN: 0244-08-0040