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1121 Scherer Way

1121 Scherer Way, Osprey, FL 34229
Property in Rivendell
Sold Apr 17, 2013
$275,000
$259,875 by Primelending
Mortgage Due May 01, 2043
Sold Apr 11, 2008
$270,000
Buyer
Seller
$190,000 by Fifth Third Mortgage Co
Mortgage Due Apr 01, 2038
Local assessors in Osprey, FL have categorized 1121 Scherer Way as a residential type of property. The home was built in 2003 and is 21 years old. It was most recently renovated and altered in 2008. The property's lot size has been calculated to be 7,800 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1121 Scherer Way has a total of 1,977 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. The home sources its water from a municipal system. For water disposal, homeowners who don't want the additional responsibilities of handling a septic tank will be happy to learn that the home is connected to a municipal sewage system. Though, they may have to pay additional fees to have their wastewater disposed. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. The garage on the property is 400 sqft. There are 2 available parking spaces so it's a great situation for those with more than one car. Do you like to entertain? The home has both a unknown and a unknown so you'll have great options in both the front and back of the home. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with masonry control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. The building has a hip style roof that was made of concrete. Lots of stucco were used in the construction of the exterior walls of the home. While the walls in the interior have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for flooring, was the material of choice during construction. Residents rely on central air conditioning for their cooling system. The home's a central heating system is the primary heating source. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1121 Scherer Way sold most recently in Mar 1, 2013 for a total of $275,000. If you work out the math, that's approximately a cost of $115.69 per sqft. Before that, the property was also sold for $270,000 in Mar 7, 2008. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $3,538 in taxes each year. 1121 Scherer Way was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $293,896. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2003
  • Effective Year Built: 2008
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Quality: B
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Concrete
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 400
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 7,800
  • Total Building Area: 2,377
  • Gross Building Area: 2,498
  • Building Area: 1,977
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,977
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: RIVENDELL UNIT 4-B THE WOODLANDS
  • Land Acres: 0.179
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 67 RIVENDELL UNIT 4-B, THE WOODLANDS

Ownership

  • Current Owner : CEPAS RICARDAS
  • Current Owner 2: CEPIENE ONA
  • Previous Owner : HOANG PAUL
  • Previous Owner 2: SUGINO TOKO
  • Owner Before Previous Owner: FANNIE MAE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 002101

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 32A
  • Account Number: 0150020017
  • Subdivision Tract Number: 2846
  • Parcel: 0150-02-0017
  • Lot: 67
  • Meridian: SEC 11 TWN 38S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.189
  • Longitude: -82.4705

    Address

  • Full Address: 1121 Scherer Way
  • Legal Unit: 4-B
  • Address - House Number: 1121
  • Address - Street Name: Scherer
  • Address - Suffix Type: Way
  • State: FL
  • City Name: Osprey
  • Carrier Code: R010
  • 4-Digit Zip Code: 6872
  • Zip Code: 34229

Valuation

    Tax

  • Total Area: 2,522
  • Tax Year: 2023
  • Tax Amount: $3,538
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.167
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 78
  • Final Value: 590,203
  • High Value: 688,802
  • Low Value: 491,604

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $259,875
  • First Open Lien Mortgage Lender: PRIMELENDING
  • First Open Lien Mortgage Recording Date: Apr 17, 2013
  • First Open Lien Mortgage Loan Amount: $259,875
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: FHA
  • First Open Lien Mortgage Loan Due Date: May 01, 2043

    Market Valuation

  • Market Total Value: $446,600
  • Market Land Value: $123,100
  • Market Improvement Value: $323,500

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $293,896

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Mar 01, 2013
  • Current Sale Recording Date: Apr 17, 2013
  • Current Sale Transaction ID: 1083043774
  • Current Sale Price: $275,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2013053367
  • Previous Sale Recording Date: Apr 11, 2008
  • Previous Sale Contract Date: Mar 07, 2008
  • Previous Sale Amount: $270,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: PRIMELENDING
  • First Mortgage Transaction Date: Apr 17, 2013
  • First Mortgage Loan Amount: $259,875
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: May 01, 2043

    Previous Mortgages

  • Previous Mortgage Lender: FIFTH THIRD MORTGAGE CO
  • Previous Mortgage Transaction Date: Apr 11, 2008
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $190,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Apr 01, 2038

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Frequently Asked Questions

What neighborhood is 1121 Scherer Way located in?
The 1121 Scherer Way is a located in the neighborhood of Rivendell in Rivendell, Osprey.
What is the average sales price for listings in 1121 Scherer Way?
The average sales price for units in 1121 Scherer Way is $0 currently.

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