NOT LISTED FOR SALE

8553 Cache Dr Sarasota, FL 34240

East Sarasota Neighborhood

Estimated Value: $487,000 - $575,000

3 Beds
2 Baths
1,890 Sq Ft
$281/Sq Ft Est. Value

Last Sold June 30, 2020

Last sale price $359,990 $190 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $3,159/month

85 Days on Market

Highlights

  • 50 Feet of Waterfront
  • Under Construction
  • Pond View
  • Tatum Ridge Elementary School Rated A-
  • Home fronts a pond
  • Great Room

About This Home

As of June 2020

Welcome home to the Spinnaker, a remarkable open-concept, one-story home. Our brand new layout includes 3 bedrooms, 2 full bathrooms, a dining room, an open-concept kitchen and great room, a 2-car garage, plus a covered lanai.
As you walk into the foyer of this home you are greeted with two bedrooms and a full bathroom to one side. Continue to walk through the foyer and the home opens to a beautiful, open great room. The focal point of the home, this space encourages you and your family to eat, play and live where everyone can enjoy one another in a beautiful space. The kitchen features a large center island and the option for a gourmet kitchen. The owner’s entry is just off of the garage with the laundry nearby.
The owner’s suite sits privately at the back of the home. This space is perfect for nighttime relaxation and blends into a large owner's bath with the option for both a tub and shower. A spacious walk-in closet gives you ample room for clothes, shoes, and accessories
Schedule a tour to visit the Spinnaker today!

Last Agent to Sell the Property

Michael Stephens

FLORIWEST REALTY GROUP, LLC License #3241857 Listed on: 03/18/2020

Last Buyer's Agent

Lori Quay

LPT REALTY LLC License #3442314

LPT REALTY LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $500

Year Built

  • Built in 2020 | Under Construction

Lot Details

  • 7,700 Sq Ft Lot
  • Home fronts a pond
  • 50 Feet of Waterfront
  • North Facing Home
  • Landscaped with Trees
  • Property is zoned VPD

HOA Fees

  • $74 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,890 Sq Ft Home
  • 1-Story Property
  • Tray Ceiling
  • Sliding Doors
  • Great Room
  • Family Room Off Kitchen
  • Combination Dining and Living Room
  • Inside Utility
  • Laundry Room
  • Pond Views

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Home Security

  • Hurricane or Storm Shutters
  • In Wall Pest System

Eco-Friendly Details

  • Reclaimed Water Irrigation System

Outdoor Features

  • Exterior Lighting
  • Rear Porch

Schools

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

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include maintenance structure
  • Pinnacle Comm Association Mgmt/Heather Hamilton Association, Phone Number (941) 444-7090
  • Visit Association Website
  • Built by M/I Homes of Sarasota, LLC
  • Hidden Creek Subdivision, Spinnaker A Floorplan
  • The community has rules related to building or community restrictions, deed restrictions
  • Rental Restrictions

Recreation

  • Recreation Facilities
  • Community Playground
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$500

Year Built

Built in 2020 | Under Construction

Lot Details

7,700 Sq Ft Lot

HOA Fees

$74 per month

Parking

2

Listing Details

  • HOA Fee Includes: Maintenance Structure
  • Property Type: Residential
  • Property Condition: Under Construction
  • Property Sub Type: Single Family Residence
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1890
  • Lot Size Acres: 0.18
  • New Construction: Yes
  • Year Built: 2020
  • Lot Size Sq Ft: 7700
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/R4903098?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/R4903098?w=Customer
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: Yes
  • Call Center Phone Number: 941-234-9223
  • Projected Completion Date: 2020-06-15T04:00:00.000Z
  • Ratio: Close Price\List Price: 0.97297
  • Price per Sq Ft: 190.47
  • Close to Original List Price Ratio: 0.95534
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2019
  • Special Features: NewHome

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eating Space In Kitchen, In Wall Pest System, Kitchen/Family Room Combo, Living Room/Dining Room Combo, Master Bedroom Main Floor, Solid Surface Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Microwave, Range
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Room Count: 6
  • Additional Rooms: Great Room, Inside Utility
  • ResoLivingAreaSource: Builder

Exterior Features

  • Direction Faces: North
  • Exterior Features: Hurricane Shutters, Irrigation System, Lighting, Sidewalk, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: Yes
  • Patio and Porch Features: Rear Porch
  • Water View: Pond
  • Water View Y N: Yes
  • Water Access Y N: No
  • Water Extras Y N: No
  • Waterfront Frontage: 50
  • Water Frontage Feet Pond: 50
  • Disclosures: HOA/PUD/Condo Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Electricity Available, Phone Available, Public, Sewer Connected, Underground Utilities, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Public Remarks Required: Under Construction.
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Irrigation-Reclaimed Water, Park, Playground, Sidewalk, Special Community Restrictions
  • Association Amenities: Park, Recreation Facilities
  • Association Fee: 222.86
  • Association Fee Frequency: Quarterly
  • Association Name: Pinnacle Comm Association Mgmt/Heather Hamilton
  • Phone: 941-444-7090
  • Association: Yes
  • Senior Community: No
  • Association Website: heather@pinnaclecam.com
  • Association Email: heather@pinnaclecam.com
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 891.44
  • Monthly HOA Fee: 74.29
  • Total Monthly Fees: 74.29

Schools

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

Lot Info

  • Zoning: VPD
  • Parcel Number: 8553CACHE
  • Additional Parcels: No
  • Flood Zone Code: X
  • ResoLotSizeUnits: SquareFeet

Building Info

  • Builder Name: M/I Homes of Sarasota, LLC

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 1-2 Years
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See NHC for details

Tax Info

  • Tax Annual Amount: 500
  • Tax Lot: 68

Multi Family

  • Waterfront Features: Pond

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 18, 2020
Closed on
Jun 30, 2020
Sold by
M I Homes Of Sarasota Llc
Bought by
Sanchez Rafael
Seller's Agent
Michael Stephens
FLORIWEST REALTY GROUP, LLC
Buyer's Agent
Lori Quay
LPT REALTY LLC
List Price
$376,819
Sold Price
$359,990
Premium/Discount to List
-$16,829
-4.47%
Current Estimated Value
$530,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$170,496
Avg. Annual Appreciation
7.01%
Original Mortgage
$287,990
Outstanding Balance
$254,150
Interest Rate
3.2%
Mortgage Type
New Conventional
Estimated Equity
$276,336
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Sanchez Rafael $360,000 M I Title Agency Ltd Lc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sanchez Rafael $287,990
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2020 06/30/20 Sold $359,990 -2.7% $190 / Sq Ft
06/11/2020 06/11/20 Pending -- -- --
05/20/2020 05/20/20 Price Changed $369,990 -1.6% $196 / Sq Ft
05/08/2020 05/08/20 Price Changed $375,990 +5.0% $199 / Sq Ft
04/24/2020 04/24/20 Price Changed $357,990 -0.6% $189 / Sq Ft
04/05/2020 04/05/20 Price Changed $359,990 -1.6% $190 / Sq Ft
03/19/2020 03/19/20 Price Changed $365,990 -2.9% $194 / Sq Ft
03/18/2020 03/18/20 For Sale $376,819 -- $199 / Sq Ft
Source: Stellar MLS

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
2025 $3,884 $329,679 -- --
2024 $3,730 $320,388 -- --
2023 $3,730 $311,056 $0 $0
2022 $3,597 $301,996 $0 $0
2021 $3,572 $293,200 $96,400 $196,800
2020 $932 $74,200 $74,200 $0
2019 $828 $64,800 $64,800 $0
Source: Public Records

Agents Affiliated with this Home

  • Michael Stephens

    Seller's Agent in 2020

    Michael Stephens

    FLORIWEST REALTY GROUP, LLC

    (941) 225-2111

    Michael Stephens
    Section Image

  • L

    Buyer's Agent in 2020

    Lori Quay

    LPT REALTY LLC

    (518) 269-9886

    1 in this area

    45 Total Sales

    Lori Quay
    Section Image
  • Andrew Duncan

    Buyer Co-Listing Agent in 2020

    Andrew Duncan

    LPT REALTY LLC

    (813) 359-8990

    1,580 Total Sales

    Andrew Duncan
    Section Image
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Map

Source: Stellar MLS

MLS Number: R4903098

Stellar MLS

APN: 0208-11-0068

Florida Sarasota County Sarasota 34240 East Sarasota

8553 Cache Dr, Sarasota, FL

Not Listed for Sale

Detached

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 Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. 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.
Based on information submitted to the MLS GRID

Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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