NOT LISTED FOR SALE

8021 Timber Lake Ln Sarasota, FL 34243

Estimated Value: $425,000 - $464,000

2 Beds
2 Baths
1,538 Sq Ft
$292/Sq Ft Est. Value

Last Sold November 02, 2023

Last sale price $472,500 $307 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $2,896/month

4 Days on Market

Highlights

  • Lake Front
  • Open Floorplan
  • Stone Countertops
  • Golf Course Community
  • Cathedral Ceiling
  • 2 Car Attached Garage

About This Home

As of November 2023

WELCOME TO THIS NEWLY RENOVATED BEAUTIFULLY UPDATED OPEN, BRIGHT AND AIRY 2-bedroom, 2-bathroom split plan gem nestled in the heart of Palm Aire. The modernized eat in kitchen and bathrooms provide a touch of luxury and comfort. Features include updated fixtures, luxury waterproof vinyl plank flooring throughout, fresh paint interior and exterior, cathedral ceilings, granite counter tops with stone tile backsplash, stainless steel appliances, walk-in closet, pocket sliding doors bringing the outside in, interior pocket doors add privacy from the main living area giving the feeling of having 2 ensuites. The fresh and inviting open atmosphere plan makes daily living a pleasure. Access the flowing expansive lanai, from both bedrooms and living room, surrounded by lush landscaping and take in the picturesque lake view – your private oasis awaits. Adding a pool would be no problem on this oversized lot including an expansive driveway bringing you to the 2-car attached garage that includes fresh paint and expoxy coated floor. Additionally, the A/C was replaced 2020, Roof 2013, upgraded electric panel, and it's been replumbed. Residents have the option to join the exclusive private country club, offering access to fantastic amenities and a vibrant social scene. Additionally, you'll find a charming community park just a stone's throw away, perfect for outdoor leisure and relaxation. And when it's time for shopping, dining, hitting the beach, or enjoying entertainment, you're conveniently close to it all. Don't miss out on the opportunity to make this your ideal Florida retreat, combining modern living with natural beauty and a vibrant community lifestyle.

Last Agent to Sell the Property

Julie Jacques

COLDWELL BANKER REALTY Brokerage Phone: 941-388-3966 License #3104772 Listed on: 09/23/2023

COLDWELL BANKER REALTY

Last Buyer's Agent

Timothy Trojanowski

ALBERT WOOSTER & COMPANY License #3335099

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,085

Year Built

  • Built in 1981

Lot Details

  • 0.43 Acre Lot
  • Lot Dimensions are 125x150
  • Lake Front
  • South Facing Home
  • Property is zoned PDR/WPE/

HOA Fees

  • $34 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Block Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,538 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Luxury Vinyl Tile Flooring
  • Lake Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Outdoor Features

  • Access To Lake
  • Private Mailbox

Schools

  • Braden River Elementary School
  • Braden River Middle School
  • Braden River High School

Utilities

  • Central Air
  • Heat Pump System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include escrow reserves fund, fidelity bond, insurance
  • Timberlake Village Assoc. Association
  • Visit Association Website
  • Palm Aire Community
  • Palm Aire At Sarasota Subdivision
  • The community has rules related to deed restrictions, allowable golf cart usage in the community

Recreation

  • Golf Course Community
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,085

Year Built

Built in 1981

Lot Details

0

HOA Fees

$34 per month

Parking

2

Listing Details

  • HOA Fee Includes: Escrow Reserves Fund, Fidelity Bond, Insurance
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1538
  • Lot Size Acres: 0.43
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 2702
  • Lot Size Sq Ft: 18748
  • Directions to Property: FROM UNIVERSITY PARKWAY ENTER PALM AIRE ON WHITFIELD AVE. TAKE SECOND LEFT ONTO TIMBER LAKE DRIVE. TAKE IMMEDIATE RIGHT TURN ONTO TIMBERLAKE LANE. FOLLOW ROAD TO PROPERTY ON RIGHT
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • List Office Head Office Key Nume: 1046393
  • Minimum Lease: 6 Months
  • RATIO Current Price By Calculate: 307.22
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number YN: 0
  • Water Access YN: 1
  • Tax Year: 2022
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Luxury Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Cathedral Ceiling(s), Ceiling Fans(s), Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Block
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Window Features: Blinds
  • Street Number Modifier: 8021
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 142.88
  • Room Count: 5

Exterior Features

  • Direction Faces: South
  • Exterior Features: Private Mailbox, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Asphalt
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure
  • Water Access: Lake
  • Water Extras YN: 0
  • Water View: Lake
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Heat Pump
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Golf Carts OK, Golf, Park
  • Association Fee: 410
  • Association Fee Frequency: Annually
  • Association Name: TIMBERLAKE VILLAGE ASSOC.
  • Association: Yes
  • Senior Community: No
  • Association 2 YN: 0
  • Association Approval Required YN: 0
  • Association Fee Requirement: Required
  • Association Email: BRADON DEUSCH
  • Association URL: TIMBERLAKEVILLAGEASSOC@GMAIL.COM

Fee Information

  • Total Annual Fees: 410.00
  • Total Monthly Fees: 34.17
  • Monthly HOA Amount: 34.17

Schools

  • Elementary School: Braden River Elementary
  • High School: Braden River High
  • Middle Or Junior School: Braden River Middle

Lot Info

  • Zoning: PDR/WPE/
  • Parcel Number: 2051700751
  • Additional Parcels: No
  • Lot Features: Paved
  • Lot Dimensions: 125x150
  • Flood Zone Code: X
  • Homestead YN: 0
  • Lot Size Square Meters: 1742

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: SEE DEED RESTRICTIONS

Tax Info

  • Tax Annual Amount: 3085.08
  • Tax Book Number: 19-199
  • Tax Lot: 14

Multi Family

  • Waterfront Features: Lake

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 23, 2023
Closed on
Oct 30, 2023
Sold by
Rockhill Developers Llc
Bought by
Sipos Istvan and Rakosi Eniko
Seller's Agent
Julie Jacques
COLDWELL BANKER REALTY
Buyer's Agent
Timothy Trojanowski
ALBERT WOOSTER & COMPANY
List Price
$499,000
Sold Price
$472,500
Premium/Discount to List
-$26,500
-5.31%
Views
134
Current Estimated Value
$441,512

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$30,988
Avg. Annual Appreciation
-2.84%
Original Mortgage
$463,941
Outstanding Balance
$455,771
Interest Rate
7.19%
Mortgage Type
FHA
Estimated Equity
-$6,735
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
Sipos Istvan $472,500 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sipos Istvan $463,941
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/02/2023 11/02/23 Sold $472,500 -5.3% $307 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
09/23/2023 09/23/23 For Sale $499,000 +55.9% $324 / Sq Ft
06/29/2023 06/29/23 Sold $320,000 -20.0% $208 / Sq Ft
06/12/2023 06/12/23 Pending -- -- --
06/12/2023 06/12/23 For Sale $399,900 -- $260 / 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 $6,215 $396,732 $84,150 $312,582
2023 $3,182 $228,907 $0 $0
2022 $3,085 $222,240 $0 $0
2021 $2,942 $215,767 $0 $0
2020 $3,025 $212,788 $0 $0
2019 $2,968 $208,004 $0 $0
2018 $2,929 $204,126 $0 $0
2017 $2,723 $199,928 $0 $0
2016 $2,707 $195,816 $0 $0
2015 $2,841 $182,758 $0 $0
2014 $2,841 $163,881 $0 $0
2013 $2,583 $146,322 $40,794 $105,528
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4582923

Stellar MLS

APN: 20517-0075-1