NOT LISTED FOR SALE

7997 Megan Hammock Way Sarasota, FL 34240

Estimated Value: $752,000 - $879,000

4 Beds
3 Baths
2,829 Sq Ft
$292/Sq Ft Est. Value

Last Sold August 22, 2024

Last sale price $820,000 $290 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $4,971/month

34 Days on Market

Highlights

  • Heated Spa
  • Reverse Osmosis System
  • Cathedral Ceiling
  • Tatum Ridge Elementary School Rated A-
  • Open Floorplan
  • Wood Flooring

About This Home

As of August 2024

Discover your own private oasis on this serene home-site, nestled against a nature preserve with lush tropical landscaping. Experience vacation vibes year-round with this meticulously crafted haven. The home boasts 4 bedrooms, 3 baths, and an office, along with a gourmet kitchen featuring high-end stainless steel appliances, granite counters, and a stunning mother of pearl backsplash accentuating the impressive AGA stove and hood.

Elegant design details such as double tray ceilings, crown molding, and built-ins adorn the home, while ceramic tile and Brazilian cherry hardwood floors add warmth and luxury throughout. Retreat to the master suite with its spa-like bath featuring a dual vanity, garden tub, and frameless glass rain shower.

Step outside to the oversized paver patio lanai, where you can indulge in year-round outdoor living beside the custom salt system pool with color-changing lighting and a rejuvenating spa. You will have complete peace of mind with the whole house generator that runs on natural gas, hurricane impact windows and sliding doors.

Last Agent to Sell the Property

William Cloud

MARK SPAIN REAL ESTATE Brokerage Phone: 855-299-7653 License #3588166 Listed on: 06/17/2024

MARK SPAIN REAL ESTATE

Last Buyer's Agent

Julie Lojacono Mackie

COLDWELL BANKER REALTY License #3451187

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,788

Year Built

  • Built in 2006

Lot Details

  • 0.3 Acre Lot
  • Southwest Facing Home
  • Irrigation
  • Property is zoned RSF1

HOA Fees

  • $129 Monthly HOA Fees

Parking

  • 3 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 2,829 Sq Ft Home
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Cathedral Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Family Room Off Kitchen
  • Laundry Room

Kitchen

  • Eat-In Kitchen
  • Convection Oven
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal
  • Reverse Osmosis System

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

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

Pool

  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Saltwater Pool
  • Outdoor Shower
  • Child Gate Fence

Outdoor Features

  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Grill

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Underground Utilities
  • Tankless Water Heater
  • Water Softener
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include security
  • Lighthouse Mngmt Association
  • Hammocks Unit 2 Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Park

Security

  • Security Guard

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,788

Year Built

Built in 2006

Lot Details

0

HOA Fees

$129 per month

Parking

3

Listing Details

  • HOA Fee Includes: Security
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 2829
  • Lot Size Acres: 0.3
  • New Construction: No
  • Year Built: 2006
  • Building Area Total: 2829
  • Lot Size Sq Ft: 13286
  • Directions to Property: I-75 (exit 207/Bee Ridge Road), go east approx 3 miles to Main Entrance on Bee Ridge on the left (north). Dial code at kiosk to grant you entrance, follow Royal Hammock Blvd to end, turn right onto Eagle Hammock Drive, left to Megan Hammock Way to home. Realtor Remarks: Use showing time to request appointment. No fencing allowed in the Hammocks.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow City: Maitland
  • Escrow Postal Code: 32751
  • Escrow State: FL
  • Escrow Street Name: N Lake Destiny Dr #335
  • Escrow Street Number: 1101
  • List Office Head Office Key Nume: 563642343
  • Minimum Lease: No Minimum
  • RATIO Current Price By Calculate: 289.86
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 0
  • MFR_InLawSuiteYN: 0
  • Attribution Contact: 855-299-7653
  • Tax Year: 2023
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Wood
  • Full Bathrooms: 3
  • Interior Amenities: Built-in Features, Cathedral Ceiling(s), Ceiling Fans(s), Crown Molding, Eat-in Kitchen, Kitchen/Family Room Combo, Open Floorplan, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Convection Oven, Dishwasher, Disposal, Kitchen Reverse Osmosis System, Microwave, Refrigerator, Tankless Water Heater, Water Softener
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Street Number Modifier: 7997
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 262.82
  • Room Count: 7

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: Child Safety Fence, Gunite, Salt Water, Solar Heat
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Outdoor Shower, Sliding Doors
  • Roof: Tile
  • Pool Private: Yes
  • Waterfront: No
  • Road Surface Type: Asphalt
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2024-03-27
  • Flood Zone Panel: 12115C0167G

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 3
  • Garage Yn: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Underground Utilities, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Zoned
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Gated Community - Guard, Park
  • Association Fee: 1548
  • Association Fee Frequency: Annually
  • Association Name: Lighthouse Mngmt
  • Phone: 966-642-4
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 1
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 1548.00
  • Total Monthly Fees: 129.00
  • Monthly HOA Amount: 129.00

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0246050009
  • Additional Parcels: No
  • Flood Zone Code: X
  • Homestead YN: 1
  • Lot Size Square Meters: 1234

Rental Info

  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: Buyer and buyers agents to verify all approval process and restrictions.

Tax Info

  • Tax Annual Amount: 5788
  • Tax Block: 2
  • Tax Book Number: 0
  • Tax Lot: 2529

Multi Family

  • Approval Process: Buyer and buyers agents to verify all approval process and restrictions.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 17, 2024
Closed on
Aug 22, 2024
Sold by
Lawrence Edward and Lawrence Bonnie Helmich
Bought by
Hall William E and Hall Susan E
Seller's Agent
William Cloud
MARK SPAIN REAL ESTATE
Buyer's Agent
Julie Lojacono Mackie
COLDWELL BANKER REALTY
List Price
$860,000
Sold Price
$820,000
Premium/Discount to List
-$40,000
-4.65%
Views
62
Current Estimated Value
$824,764

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$4,764
Avg. Annual Appreciation
0.51%
Original Mortgage
$656,000
Outstanding Balance
$648,605
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$176,159

Purchase Details

Closed on
Sep 9, 2022
Sold by
Schafer Lawrence E
Bought by
Lawrence Edward And Bonnie Helmich Schafer Tr

Purchase Details

Closed on
Jun 30, 2017
Sold by
Lozier David D and Lozier Ann M
Bought by
Shafer Lawrence E and Shafer Bonnie H

Purchase Details

Listed on
Apr 10, 2013
Closed on
Nov 25, 2013
Sold by
Reyes Dalen J and Reyes Marlo A
Bought by
Lozier David D and Lozier Ann M
Seller's Agent
Tennie Capps
COLDWELL BANKER SARASOTA CENT.
Buyer's Agent
Andrew Clark
MEDWAY REALTY
List Price
$493,800
Sold Price
$475,000
Premium/Discount to List
-$18,800
-3.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Oct 21, 2004
Sold by
Kemmons Wilson Inc
Bought by
Reyes Dalen J and Reyes Marlo A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$505,800
Interest Rate
5.12%
Mortgage Type
Construction
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
Hall William E $820,000 None Listed On Document
Lawrence Edward And Bonnie Helmich Schafer Tr -- --
Shafer Lawrence E $620,000 Attorney
Lozier David D $475,000 Mti Title Ins Agency Inc
Reyes Dalen J $137,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hall William E $656,000
Previous Owner Reyes Dalen J $505,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2024 08/22/24 Sold $820,000 -4.7% $290 / Sq Ft
07/22/2024 07/22/24 Pending -- -- --
07/17/2024 07/17/24 For Sale $860,000 0.0% $304 / Sq Ft
07/08/2024 07/08/24 Pending -- -- --
07/03/2024 07/03/24 Price Changed $860,000 -1.7% $304 / Sq Ft
06/17/2024 06/17/24 For Sale $875,000 +84.2% $309 / Sq Ft
11/25/2013 11/25/13 Sold $475,000 -3.8% $168 / Sq Ft View Prior Sale
09/29/2013 09/29/13 Pending -- -- --
08/12/2013 08/12/13 For Sale $493,800 0.0% $175 / Sq Ft
06/22/2013 06/22/13 Pending -- -- --
06/13/2013 06/13/13 Price Changed $493,800 -3.0% $175 / Sq Ft
05/28/2013 05/28/13 Price Changed $509,000 -7.3% $180 / Sq Ft
04/09/2013 04/09/13 For Sale $549,000 -- $194 / 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 $5,788 $492,685 -- --
2023 $5,788 $478,335 $0 $0
2022 $5,684 $464,403 $0 $0
2021 $5,598 $450,877 $0 $0
2020 $5,619 $444,652 $0 $0
2019 $5,346 $427,128 $0 $0
2018 $5,231 $419,164 $0 $0
2017 $6,519 $478,300 $117,900 $360,400
2016 $6,567 $470,900 $109,000 $361,900
2015 $6,547 $457,100 $93,300 $363,800
2014 $6,244 $364,696 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: T3529733

Stellar MLS

APN: 0246-05-0009