NOT LISTED FOR SALE

7977 Megan Hammock Way Sarasota, FL 34240

Estimated Value: $898,000 - $1,130,000

4 Beds
3 Baths
3,241 Sq Ft
$306/Sq Ft Est. Value

Last Sold October 12, 2012

Last sale price $537,500 $166 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $5,806/month

7 Days on Market

Highlights

  • Lake Front
  • Screened Pool
  • Traditional Architecture
  • Tatum Ridge Elementary School Rated A-
  • Gated Community
  • Wood Flooring

About This Home

As of October 2012

Enjoy sparkling lake views from the custom home built by Coachman in the prestigious gated community of the Hammocks. Enter thru beautiful leaded glass double entry dors to a spacious 3200+sf home. Along with a split plan feturing four bedrooms and three baths thre is also a den with cherry wood flooring and a newer custom built-in wall unit with desk, shelving and filling drawers. A cook's kitchen with solid wood cabinetry, granite counters and stainless appliances opens to a spacious family room with surround sound a marble tile fireplace. This home offers many special upgrades including volume and tray ceilings, beautiful tile flooring, bamboo flooring in a bedroom, plantation shutters, 8' solid core custom doors, paver driveway, beautiful heated pool and spa with auto cleaning system. There is a 3 car side entry garage and the home has insulated windows and easy to close and secure hurricane shutters. A perfect setting for relaxing, family gatherings and entertaining.

Last Agent to Sell the Property

June Howell

MICHAEL SAUNDERS & COMPANY License #0629838 Listed on: 09/05/2012

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Lenore Treiman

MICHAEL SAUNDERS & COMPANY License #0511583

Last Buyer's Agent

Linda Dooley

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #0628647

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,193

Year Built

  • Built in 2004

Lot Details

  • 0.31 Acre Lot
  • Lake Front
  • North Facing Home
  • Well Sprinkler System
  • Property is zoned RSF1

HOA Fees

  • $90 Monthly HOA Fees

Parking

  • 3 Car Attached Garage
  • Rear-Facing Garage
  • Side Facing Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Traditional Architecture
  • Florida Architecture
  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 3,241 Sq Ft Home
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Entrance Foyer
  • Family Room
  • Separate Formal Living Room
  • Formal Dining Room
  • Den
  • Inside Utility
  • Lake Views

Kitchen

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

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Pool

  • Screened Pool
  • Saltwater Pool
  • Vinyl Pool
  • Spa
  • Fence Around Pool
  • Auto Pool Cleaner

Schools

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

Utilities

  • Zoned Heating and Cooling
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Tax Lot 2534
  • Assessor Parcel Number 0246050004

Community Details

Overview

  • Hammocks Subdivision

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,193

Year Built

Built in 2004

Lot Details

0

HOA Fees

$90 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Florida, Traditional
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 3241
  • Lot Size Acres: 0.31
  • New Construction: No
  • Year Built: 2004
  • Building Area Total: 4296
  • Lot Size Sq Ft: 13543
  • Directions to Property: EAST ON BEE RIDGE PAST LAUREL OAKS TO STOP SIGN. LEFT ON IONA, LEFT INTO THE HAMOCKS ON EAGLE HAMMOCK, RIGHT ON MEGAN HAMMOCK, HOUSE ON LEFT.
  • 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: 0.94464
  • Price per Sq Ft: 165.84
  • Close to Original List Price Ratio: 0.94464
  • Ratio: Current Price\Building Area Total: 125.12
  • View: Yes
  • Co List Office Mls Id: 281502349
  • Co List Office Phone: 941-966-8000
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen, High Ceiling(s), Master Bedroom Main Floor, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Built-In Oven, Convection Oven, Dishwasher, Disposal, Dryer, Exhaust Fan, Microwave, Oven, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Yn: Yes
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 7977
  • Room Count: 11
  • Additional Rooms: Den/Library/Office, Family Room, Formal Dining Room Separate, Formal Living Room Separate, Foyer, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: North
  • Pool Features: Auto Cleaner, Heated, Salt Water, Screen Enclosure, Vinyl
  • Roof: Tile
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Lake
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Garage Faces Rear, Garage Faces Side
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Cable Connected, Electricity Connected, Gas, Public, Sprinkler Well, Street Lights
  • Cooling: Central Air, Zoned
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Gated Community
  • Association Amenities: Gated
  • Association Fee: 1080
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Gated Community, Security System Owned, Smoke Detector(s)
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1080
  • Total Monthly Fees: 90

Schools

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

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0246050004
  • Additional Parcels: No
  • Lot Features: In County
  • Millage Rate: 13.15
  • Future Land Use: 0100
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Expected Lease Date: 2012-10-12T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 5193
  • Tax Book Number: 0043/0038
  • Tax Lot: 2534

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 18, 2015
Sold by
Benedict Elaine M
Bought by
Iseli Ulrich and Iseli Rosalie
Current Estimated Value
$991,489

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$516,000
Outstanding Balance
$401,501
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$589,988

Purchase Details

Listed on
Sep 5, 2012
Closed on
Oct 12, 2012
Sold by
Schmidtlein Richard W and Schmidtlein Janet M
Bought by
Benedict Elaine M
Seller's Agent
June Howell
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Linda Dooley
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$537,500
Sold Price
$537,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.81%

Purchase Details

Closed on
May 31, 2007
Sold by
Stange Walter and Stange Rita
Bought by
Schmidtlein Richard W and Schmidtlein Janet M
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
Iseli Ulrich $645,000 Attorney
Benedict Elaine M $537,500 Attorney
Schmidtlein Richard W $720,000 Msc Title Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iseli Ulrich $516,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2012 10/12/12 Sold $537,500 0.0% $166 / Sq Ft
09/12/2012 09/12/12 Pending -- -- --
09/05/2012 09/05/12 For Sale $537,500 -- $166 / 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 $5,450 $454,821 -- --
2023 $5,450 $441,574 $0 $0
2022 $5,294 $428,713 $0 $0
2021 $5,198 $416,226 $0 $0
2020 $5,215 $410,479 $0 $0
2019 $5,046 $401,250 $0 $0
2018 $4,936 $393,768 $0 $0
2017 $4,915 $385,669 $0 $0
2016 $4,905 $493,000 $103,100 $389,900
2015 $5,906 $489,600 $94,600 $395,000
2014 $5,885 $434,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3965785

Stellar MLS

APN: 0246-05-0004