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Plantation 34293 Jacaranda West
532 Silk Oak DRIVE
$451,000
● House - Off Market

532 Silk Oak DRIVE

VENICE, FL 34293
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,559 Ft²
$432,750
RealtyHop Estimate
1.37%
Since May 1, 2022
National-US
Primary Model

About This Property

The living is easy in this 2-bedroom, 2-bathroom home in the sought-after community of Lake of the Woods of Jacaranda. This home is meticulously maintained both inside and out, with thoughtful landscaping perfectly complementing the home's architecture. Inside, you will be greeted with an abundance of natural light highlighting the wood-like flooring below. The open living space is perfect for entertaining, and the kitchen boasts an oversized center island and ample counter space to prepare meals. Relax in the primary bedroom featuring a spacious closet and a stylish en suite bathroom. Venture through the sliding glass doors to discover an expansive covered patio and enclosed pool, the ideal place to enjoy warm Florida days with guests. This home is conveniently located minutes from shopping, dining, recreation, and Tamiami Trail for easy access to numerous beaches.
Unit Size
1,559 Ft²
Days on Market
50 days
Land Size
0.20 acres
Price per sqft
$274
Property Type
House
Property Taxes
$273
HOA Dues
$27
Year Built
1993

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #W7842389)

Price History

Date / Event Date Event Price
Apr 11, 2022 Sold
Premium
Sold
Feb 17, 2022 Listed by 54 REALTY LLC $426,900
Listed by 54 REALTY LLC
Sep 22, 2021 Sold
Premium
Sold
Jan 27, 2020 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1993
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 5
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 2
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 15
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 400
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 125

    Dimensions

  • Lot Size Square Feet: 8,589
  • Lot Size Frontage Feet: 10
  • Total Building Area: 1,959
  • Gross Building Area: 1,959
  • Building Area: 1,559
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,559
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: LAKE OF THE WOODS UNIT 1
  • Land Acres: 0000000197
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 16 LAKE OF THE WOODS UNIT 1

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: L050 A055 F052
  • Census Tract: 002720

Zoning

  • Zoning: RSF1

Geography

  • Assessors Map Reference: 38F
  • Account Number: 0445060028
  • Subdivision Tract Number: 2402
  • Parcel: 0445-06-0028
  • Lot: 16
  • Meridian: SEC 26 TWN 39S RNG 19E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.0612
  • Longitude: -82.3767

    Address

  • Full Address: 532 Silk Oak Dr
  • Legal Unit: 1
  • Address - House Number: 532
  • Address - Street Name: Silk Oak
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Venice
  • Carrier Code: R020
  • 4-Digit Zip Code: 4133
  • Zip Code: 34293

Valuation

    Tax

  • Total Area: 2,168
  • Tax Year: 2023
  • Tax Amount: $466,727
  • Tax Rate Code Area: 5000

    Appraisal Valuation

  • Standard Deviation: 0.1914
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 482,196
  • High Value: 574,495
  • Low Value: 389,897

    Market Valuation

  • Market Total Value: $389,200
  • Market Land Value: $110,300
  • Market Improvement Value: $278,900

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $389,200
  • Assessed Land Value: $110,300
  • Assessed Improvements Value: $278,900

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 05, 2022
  • Current Sale Recording Date: Apr 11, 2022
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 60548
  • Previous Sale Recording Date: Sep 22, 2021
  • Previous Sale Contract Date: Sep 21, 2021
  • Previous Sale Amount: $412,300
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Jacaranda West

Stats & Trends

Median Asking:

$514,000

Sale Price/ft²

$250

Below Asking

0.02%

Average Days on Market

77

Average Home Size

1851 ft²

Average Home Age

32.3 years

Currently For Sale

9 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 998 Bass Court, VENICE, FL, 34293

$2,500 /mo

  • 3 Beds
  • 2 Baths
  • 1,408 ft²
998 Bass Court, VENICE, FL, 34293 Listing by Tracy Martin
Unit for rent at 10042 Crooked Creek Drive, FL, 34293

$2,350 /mo

  • 2 Beds
  • 2 Baths
  • 1,933 ft²
10042 Crooked Creek Drive #203, FL, 34293 Listing by Mindy Valdivia
Unit for rent at 433 Cerromar Lane, VENICE, FL, 34293

$2,350 /mo

  • 2 Beds
  • 2 Baths
  • 1,002 ft²
433 Cerromar Lane #441, VENICE, FL, 34293 Listing by Richard Tyson

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Annie O'Sullivan
54 REALTY LLC
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# W7842389
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 532 Silk Oak Drive built and last sold?
The property at 532 Silk Oak Drive was built in 1993 and last sold on Apr 5, 2022 for $451,000.
How much is this home worth?
The estimated value of the home located at 532 Silk Oak Drive is $0.
What are some comparable homes to 532 Silk Oak Drive?
There are currently no comparable homes to 532 Silk Oak Drive.
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