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1518 Pine Bay Drive

1518 Pine Bay Drive, Sarasota, FL 34231
Sold Apr 28, 2021
$2,490,000
$1,992,000 by Stifel Bank & Trust
Mortgage Due May 01, 2051
Sold Oct 04, 2019
$1,999,900
1518 Pine Bay Drive in Sarasota, FL was first built in 2019 and is 5 years old. This has been categorized as a residential property type. There are a total of 2 floors. There are a total of 8 rooms in the home, of which, 4 are bedrooms. In terms of bathrooms, there are a total of 3 full bathrooms. There are 4 partial bathrooms. 1518 Pine Bay Drive has 5,164 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 900 ft and the linear feet between the front and back of the lot is 1,280. In total, the area measurement of the land is 11,493 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. For those who love swimming as a form of exercise, you'll be excited to find out that there is a pool on the property. The home has a hip style roof made of metal. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. For those who need parking, there is a attached garage. The garage is 684 sqft. There is one available parking space. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of D. The condition of the building has been evaluated as average. The exterior walls of the home are made of stucco. While the interior walls are made of gypsum boards such as those made of drywall, sheetrock, etc. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. The property was last sold in Apr 28, 2021 for $2,490,000. That's $425.79 per sqft. Prior to that sales transaction, the property was also sold in Oct 4, 2019 for $1,999,900. 1518 Pine Bay Drive was last assessed in 2023. The total value of the property was assessed at $2,215,899. The total assessed value for this property is less than the total market value as of this moment. Which is great for tax purposes. The total amount of taxes due from a property owner is $26,232. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry! Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 3
  • Partial Bathrooms: 4
  • Bathroom Plumbing Fixtures: 3
  • Building Condition: Average
  • Building Quality: D
  • Construction Type: Masonry
  • Exterior Walls Type: Stucco
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Hip
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 684
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 11,493
  • Lot Size Depth Feet: 1,280
  • Lot Size Frontage Feet: 900
  • Total Building Area: 5,848
  • Gross Building Area: 5,848
  • Building Area: 5,164
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,164
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: JOHNSON ESTATES UNIT 2
  • Land Acres: 0.264
  • Standard Land Use Code: Single family residential
  • Legal Description 1: E 90 FT OF W 26205 FT OF LOT 7 JOHNSON ESTATES UNIT 2

Ownership

  • Current Owner : MARLOWE ANDREW M
  • Current Owner 2: MARLOWE JEANNE E
  • Previous Owner : GRECO CHRISTOPHER D
  • Previous Owner 2: GRECO SUSAN E
  • Owner Before Previous Owner: HOT BREAKFAST LLC
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 001801

Zoning

  • Zoning: RSF2

Geography

  • Assessors Map Reference: 29-6
  • Account Number: 0076150042
  • Subdivision Tract Number: 764
  • Parcel: 0076-15-0042
  • Lot: 7
  • Meridian: SEC 06 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2917
  • Longitude: -82.5367

    Address

  • Full Address: 1518 Pine Bay Dr
  • Legal Unit: 2
  • Address - House Number: 1518
  • Address - Street Name: Pine Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: C088
  • 4-Digit Zip Code: 3550
  • Zip Code: 34231

Valuation

    Tax

  • Total Area: 2,108
  • Tax Year: 2023
  • Tax Amount: $26,232
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1642
  • Valuation Date: Feb 28, 2024
  • Confidence Score: 79
  • Final Value: 3,486,661
  • High Value: 4,059,386
  • Low Value: 2,913,935

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $2,292,000
  • First Open Lien Mortgage Lender: STIFEL BANK & TRUST
  • First Open Lien Mortgage Recording Date: Apr 28, 2021
  • First Open Lien Mortgage Loan Amount: $1,992,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051
  • Second Open Lien Mortgage Lender: BMO BANK NA
  • Second Open Lien Mortgage Recording Date: Feb 26, 2024
  • Second Open Lien Mortgage Loan Amount: $300,000
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Feb 20, 2054

    Market Valuation

  • Market Total Value: $2,669,400
  • Market Land Value: $562,800
  • Market Improvement Value: $2,106,600

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $2,215,899

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 28, 2021
  • Current Sale Recording Date: Apr 28, 2021
  • Current Sale Transaction ID: 11832914171
  • Current Sale Price: $2,490,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2021078268
  • Previous Sale Recording Date: Oct 04, 2019
  • Previous Sale Contract Date: Oct 04, 2019
  • Previous Sale Amount: $1,999,900
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: STIFEL BANK & TRUST
  • First Mortgage Transaction Date: Apr 28, 2021
  • First Mortgage Loan Amount: $1,992,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

About Johnson Estates South



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Frequently Asked Questions

What neighborhood is 1518 Pine Bay Drive located in?
The 1518 Pine Bay Drive is a located in the neighborhood of Johnson Estates South in Johnson Estates South, Sarasota.
What is the average sales price for listings in 1518 Pine Bay Drive?
The average sales price for units in 1518 Pine Bay Drive is $0 currently.

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