NOT LISTED FOR SALE

7968 Megan Hammock Way Sarasota, FL 34240

Estimated Value: $994,000 - $1,117,000

5 Beds
4.5 Baths
4,146 Sq Ft
$252/Sq Ft Est. Value

Last Sold June 09, 2014

Last sale price $717,500 $173 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $5,762/month

13 Days on Market

Highlights

  • Heated Indoor Pool
  • Gated Community
  • Deck
  • Tatum Ridge Elementary School Rated A-
  • Pond View
  • Family Room with Fireplace

About This Home

As of June 2014

The Hammocks. 5 bedroom and 4 and half bath home in a premium gated community. The home office/den has upgraded built-in wood shelving and desk. Upgrades in this home include: a cook's kitchen with granite counters and stainless steel appliances, wood flooring in many areas, a dedicated wine room/cellar and second floor bonus room with sink and bar. From the bonus room there is access to a terrace with ample seating. Pool and spa is adjacent to a large outdoor kitchen that has a bar for seating and a custom made Parilla. This grill was built to owner specifications and is lined with special fire bricks and has large adjustable racks. This home is within two miles of five premium golf courses and Gulf beaches are 20 minutes away.

Last Agent to Sell the Property

Rae Alba

LIMBO COMPANY SARASOTA ASSOC License #3015257 Listed on: 01/23/2014

Last Buyer's Agent

Cindy Marovich

PREMIER SOTHEBYS INTL REALTY License #3108148

PREMIER SOTHEBYS INTL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,360

Year Built

  • Built in 2006

Lot Details

  • 0.32 Acre Lot
  • Lot Dimensions are 109x150x72x150
  • North Facing Home
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Property is zoned RSF1

HOA Fees

  • $92 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Circular Driveway
  • Open Parking

Home Design

  • Spanish Architecture
  • Bi-Level Home
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 4,146 Sq Ft Home
  • Wet Bar
  • Built-In Features
  • Bar Fridge
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Family Room with Fireplace
  • Family Room Off Kitchen
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Bonus Room
  • Pond Views
  • Fire and Smoke Detector

Kitchen

  • Eat-In Kitchen
  • Built-In Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Wine Refrigerator
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Pool

  • Heated Indoor Pool
  • Screened Pool
  • Vinyl Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • Balcony
  • Deck
  • Screened Patio
  • Outdoor Kitchen
  • Outdoor Storage
  • Outdoor Grill
  • Porch

Schools

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

Utilities

  • Zoned Heating and Cooling System
  • Heating System Uses Natural Gas
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Tax Lot 2519
  • Assessor Parcel Number 0246050019

Community Details

Overview

  • Association fees include private road
  • Lighthouse Management 941 966 9844 Association
  • Hammocks Unit 2 Subdivision
  • The community has rules related to deed restrictions, fencing

Recreation

  • Community Playground

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,360

Year Built

Built in 2006

Lot Details

0

HOA Fees

$92 per month

Parking

3

Listing Details

  • HOA Fee Includes: Private Road
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Spanish/Mediterranean
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 4146
  • Lot Size Acres: 0.32
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 5787
  • Lot Size Sq Ft: 13749
  • Directions to Property: Bee Ridge Rd 2.5 mi east of I-75. Hammock main entrance on left. Take first right onto Crest Hammock Way, bear left onto Eagle Hammock Dr, go .2 mi and turn right onto Megan Hammock Way.
  • Status: Sold
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Home Warranty Y N: No
  • Subdivision Num: 2905
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.96309
  • Price per Sq Ft: 173.06
  • Close to Original List Price Ratio: 0.96309
  • Ratio: Current Price\Building Area Total: 123.98
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Family Room
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Interior Amenities: Built in Features, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, High Ceiling(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s), Wet Bar, Window Treatments
  • Appliances Included: Bar Fridge, Built-In Oven, Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Range Hood, Refrigerator, Washer, Wine Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 5
  • Levels: Two
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 7968
  • Room Count: 14
  • Additional Rooms: Bonus Room, Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Foyer
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Other Structures: Outdoor Kitchen, Storage
  • Pool Features: Heated, Indoor, Screen Enclosure, Vinyl
  • Exterior Features: Balcony, Irrigation System, Outdoor Grill, Outdoor Kitchen, Sliding Doors, Storage
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Circular Driveway, Garage Door Opener
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Gas, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central, Electric, Natural Gas, Zoned
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community, Playground
  • Association Amenities: Fence Restrictions, Gated, Playground
  • Association Fee: 1098
  • Association Fee Frequency: Annually
  • Association Name: Lighthouse Management 941-966-9844
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1098
  • Monthly HOA Fee: 91.5
  • Total Monthly Fees: 91.5

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0246050019
  • Additional Parcels: No
  • Lot Dimensions: 109x150x72x150
  • Flood Zone Code: X
  • Future Land Use: 0100
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: No

Tax Info

  • Tax Annual Amount: 6360
  • Tax Book Number: 0043/0038
  • Tax Lot: 2519

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 23, 2014
Closed on
Jun 9, 2014
Sold by
Der Boghossian Pablo and Der Boghossian Ana
Bought by
Faranda Diane M
Seller's Agent
Rae Alba
LIMBO COMPANY SARASOTA ASSOC
Buyer's Agent
Cindy Marovich
PREMIER SOTHEBYS INTL REALTY
List Price
$745,000
Sold Price
$717,500
Premium/Discount to List
-$27,500
-3.69%
Current Estimated Value
$1,044,899

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$327,399
Avg. Annual Appreciation
3.36%
Original Mortgage
$350,000
Outstanding Balance
$268,207
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$776,692

Purchase Details

Closed on
Jun 24, 2005
Sold by
Coachman Homes Of Sarasota Inc
Bought by
Der Boghossian Pablo and Der Boghossian Ana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$712,000
Interest Rate
5.66%
Mortgage Type
Construction
Source: Public Records

Range of Values:

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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
Faranda Diane M $717,500 Attorney
Der Boghossian Pablo $164,900 Global Title Network Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Faranda Diane M $350,000
Previous Owner Der Boghossian Pablo $712,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/09/2014 06/09/14 Sold $717,500 -3.7% $173 / Sq Ft
02/06/2014 02/06/14 Pending -- -- --
01/23/2014 01/23/14 For Sale $745,000 -- $180 / 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 $1,756 $587,032 -- --
2023 $1,756 $569,934 $0 $0
2022 $1,692 $553,334 $0 $0
2021 $6,734 $537,217 $0 $0
2020 $6,762 $529,800 $123,400 $406,400
2019 $6,903 $546,100 $135,600 $410,500
2018 $0 $563,500 $122,500 $441,000
2017 $7,300 $569,300 $120,100 $449,200
2016 $7,355 $563,400 $111,000 $452,400
2015 $7,489 $556,900 $95,100 $461,800
2014 $6,362 $462,837 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rae Alba

    LIMBO COMPANY SARASOTA ASSOC

  • C

    Buyer's Agent in 2014

    Cindy Marovich

    PREMIER SOTHEBYS INTL REALTY

    (941) 408-6041

    27 Total Sales

    Cindy Marovich
    Section Image
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Map

Source: Stellar MLS

MLS Number: A3991393

Stellar MLS

APN: 0246-05-0019

Florida Sarasota County Sarasota 34240

7968 Megan Hammock Way, Sarasota, FL

This home is located at 7968 Megan Hammock Way, Sarasota, FL 34240 since 23 January 2014 and is currently estimated at $1,044,899, approximately $252 per square foot. This property was built in 2006. 7968 Megan Hammock Way is a home located in Sarasota County with nearby schools including Tatum Ridge Elementary School, McIntosh Middle School, and Sarasota High School.

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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