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5418 New Covington Drive

5418 New Covington Drive, Sarasota, FL 34233
Property in Covington Place
Sold Jul 25, 2022
$550,000
$100,000 by Fairway Funding Group Inc
Mortgage Due Jul 01, 2052
Sold Aug 24, 2011
$196,000
$191,031 by American Equity Mortgage Inc
Mortgage Due Sep 01, 2041
Local assessors in Sarasota, FL have categorized 5418 New Covington Drive as a residential type of property. The home was built in 2001 and is 23 years old. It was most recently renovated and altered in 2016. The property's lot size has been calculated to be 6,820 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, 3 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 5418 New Covington Drive has a total of 1,721 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 462 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 gable style roof that was made of asphalt. 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. The property was last sold in Jun 27, 2022 for $550,000. That's $251.95 per sqft. Prior to that sales transaction, the property was also sold in Aug 22, 2011 for $196,000. 5418 New Covington Drive was last assessed in 2023. The total value of the property was assessed at $407,000. Specifically, the land the property is located on was valued at $105,200. While improvements on the property were assessed at a total of $301,800. The total market value for this property is the same as the total assessed value as of this moment. The total amount of taxes due from a property owner is $5,252. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. 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.

Building Features

Exterior

Block Exterior
Stucco Exterior

Driveway

Driveway

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2001
  • Effective Year Built: 2016
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • 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: Gable
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Carpet
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 462
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,820
  • Total Building Area: 2,183
  • Gross Building Area: 2,312
  • Building Area: 1,721
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,721
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: COVINGTON PLACE, UNIT 1
  • Land Acres: 0.157
  • Standard Land Use Code: Single family residential
  • Legal Description 1: LOT 12 COVINGTON PLACE UNIT 1

Ownership

  • Current Owner : SARCOMO TONY J
  • Current Owner 2: LOGAN MICHELLE R
  • Previous Owner : ALAN BROUGHTON JAY
  • Owner Before Previous Owner: MAAG JACK M
  • Owner Before Previous Owner 2: MAAG JENNIFER A
  • Ownership Rights Codes: Trustee/Conservator

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: A055 F052 G054
  • Census Tract: 001511

Zoning

  • Zoning: RSF4

Geography

  • Assessors Map Reference: 29A
  • Account Number: 0094030017
  • Subdivision Tract Number: 2790
  • Parcel: 0094-03-0017
  • Lot: 12
  • Meridian: SEC 12 TWN 37S RNG 18E
  • Municipality: SARASOTA COUNTY
  • Latitude: 27.2752
  • Longitude: -82.4582

    Address

  • Full Address: 5418 New Covington Dr
  • Legal Unit: 1
  • Address - House Number: 5418
  • Address - Street Name: New Covington
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Sarasota
  • Carrier Code: R054
  • 4-Digit Zip Code: 5217
  • Zip Code: 34233

Valuation

    Tax

  • Total Area: 2,354
  • Tax Year: 2023
  • Tax Amount: $5,252
  • Tax Rate Code Area: 0100

    Appraisal Valuation

  • Standard Deviation: 0.1916
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 74
  • Final Value: 574,921
  • High Value: 685,091
  • Low Value: 464,752

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $175,000
  • First Open Lien Mortgage Lender: FAIRWAY FUNDING GROUP INC
  • First Open Lien Mortgage Recording Date: Jul 25, 2022
  • First Open Lien Mortgage Loan Amount: $100,000
  • 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: Jul 01, 2052
  • Second Open Lien Mortgage Lender: SPRING EQ, LLC
  • Second Open Lien Mortgage Recording Date: Nov 15, 2023
  • Second Open Lien Mortgage Loan Amount: $75,000
  • Second Open Lien Mortgage Term: 240
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Dec 01, 2043

    Market Valuation

  • Market Total Value: $407,000
  • Market Land Value: $105,200
  • Market Improvement Value: $301,800

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $407,000
  • Assessed Land Value: $105,200
  • Assessed Improvements Value: $301,800

    Sales

  • Current Sale Contract Date: Jun 27, 2022
  • Current Sale Recording Date: Jul 25, 2022
  • Current Sale Transaction ID: 11892609698
  • Current Sale Price: $550,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 123487
  • Previous Sale Recording Date: Aug 24, 2011
  • Previous Sale Contract Date: Aug 22, 2011
  • Previous Sale Amount: $196,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: FAIRWAY FUNDING GROUP INC
  • First Mortgage Transaction Date: Jul 25, 2022
  • First Mortgage Loan Amount: $100,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jul 01, 2052

    Previous Mortgages

  • Previous Mortgage Lender: AMERICAN EQUITY MORTGAGE INC
  • Previous Mortgage Transaction Date: Aug 24, 2011
  • Previous Mortgage Loan Amount: $191,031
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: FHA
  • Previous Mortgage Loan Due Date: Sep 01, 2041

About Covington Place



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Frequently Asked Questions

What neighborhood is 5418 New Covington Drive located in?
The 5418 New Covington Drive is a located in the neighborhood of Covington Place in Covington Place, Sarasota.
What is the average sales price for listings in 5418 New Covington Drive?
The average sales price for units in 5418 New Covington Drive is $0 currently.

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