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Manatee 34203
5616 Garden Lakes DRIVE
$320,000
● House - Off Market

5616 Garden Lakes DRIVE

BRADENTON, FL 34203
bedrooms
2 Beds
bathrooms
2 Baths
square feet
1,299 Ft²
$351,912
RealtyHop Estimate
13.52%
Since Oct 1, 2021
National-US
Primary Model

About This Property

Perfectly updated and move-in ready, this upscale 2 Bedroom/2 Bath VILLA in Garden Lakes offers an elegant backdrop for easy Florida living whether you plan to enjoy it full-time, or as a carefree seasonal getaway! Thoughtfully renovated to reveal a spacious OPEN CONCEPT , classic details include wood flooring throughout, smart built-in's, designer lighting, updated baths, plantation shutters and bright wood moldings. The HUGE KITCHEN was reimagined with granite counters galore and a stylish backwall with serving bar and lighted glass front cabinets. Situated in a prime location within the Community, this unit offers gorgeous views of the lush tropically landscaped grounds, a delightful screened Lanai with adjacent grilling patio, and is just a short walk to the Clubhouse complex. Amenities include Heated Pool, Tennis and Pickelball, Fitness and Shuffleboard Courts. Paved pathways peacefully meander through the manicured grounds of this gated 55+ Community which is conveniently located just minutes away from prime shopping and dining and a short 25 minute drive to the area's storied Gulf Beaches.
Unit Size
1,299 Ft²
Days on Market
47 days
Land Size
0.09 acres
Price per sqft
$239
Property Type
House
Property Taxes
$96
HOA Dues
$106
Year Built
1984

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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 #A4507410)

Price History

Date / Event Date Event Price
Sep 9, 2021 Sold
Premium
Sold
Jul 23, 2021 Listed by RE/MAX ALLIANCE GROUP $310,000
Listed by RE/MAX ALLIANCE GROUP
Jul 22, 2009 Sold
Premium
Sold

Property Highlights

Garage
Air Conditioning

Building Info

Overview

    General

  • Year Built: 1984
  • Effective Year Built: 2013
  • Building Count: 1
  • Total Rooms: 3
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Bathroom Plumbing Fixtures: 12
  • Building Condition: 7
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 31
  • Exterior Walls Type: 12
  • Interior Walls Type: 0
  • Roof Shape Type: 7
  • Roof Cover Type: 4
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 5
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 252
  • Parking Space Count: 1
  • Patio Type: 59
  • Porch Type: 111
  • Pool Type: 0
  • Location Influence Type: 266

    Dimensions

  • Lot Size Square Feet: 4,038
  • Total Building Area: 1,784
  • Gross Building Area: 1,784
  • Building Area: 1,299
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 1,299
  • Heating Fuel Type: 2

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: GARDEN LAKES VILLAS SECTION 1
  • Land Acres: 0000000093
  • Standard Land Use Code: 1004
  • County Land Use Code: 0409
  • State Land Use Code: 04
  • Legal Description 1: UNIT 24 GARDEN LAKES VILLAS SEC 1 CONDO PI#17672.5120/8

Neighborhood

  • School District Name: Manatee County School District
  • School Tax School District: MCPA&MCPS
  • Census Tract: 000805

Zoning

  • Zoning: PD-R

Geography

  • Assessors Map Reference: 41H
  • Subdivision Tract Number: 01767204
  • Parcel: 17672-5120-8
  • Lot: 24
  • Meridian: SEC 17 TWN 35S RNG 18E
  • Municipality: UNINCORPORATED
  • Latitude: 27.4417
  • Longitude: -82.5149

    Address

  • Full Address: 5616 Garden Lakes Dr
  • Legal Unit: 24
  • Address - House Number: 5616
  • Address - Street Name: Garden Lakes
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Bradenton
  • Carrier Code: R006
  • 4-Digit Zip Code: 7221
  • Zip Code: 34203

Valuation

    Tax

  • Total Area: 1,299
  • Tax Year: 2022
  • Tax Amount: $341,967
  • Tax Rate Code Area: 303

    Appraisal Valuation

  • Standard Deviation: 0.2039
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 390,434
  • High Value: 470,079
  • Low Value: 310,790

    Market Valuation

  • Market Total Value: $329,751
  • Market Land Value: $30,600
  • Market Improvement Value: $299,151

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $260,566

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 07, 2021
  • Current Sale Recording Date: Sep 09, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 202141120219
  • Previous Sale Recording Date: Jul 22, 2009
  • Previous Sale Contract Date: Jul 20, 2009
  • Previous Sale Amount: $100,000
  • 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 Manatee

Stats & Trends

Median Asking:

$445,000

Sale Price/ft²

$242

Above Asking

0.00%

Average Days on Market

95

Average Home Size

2034 ft²

Average Home Age

23.7 years

Currently For Sale

3932 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 5515 Fair Oaks Street, FL, 34203

$2,000 /mo

  • 2 Beds
  • 2 Baths
  • 1,004 ft²
5515 Fair Oaks Street #5515, FL, 34203 Listing by Paula Mapp
Unit for rent at 5414 Fair Oaks Street, FL, 34203

$1,995 /mo

  • 2 Beds
  • 2 Baths
  • 1,004 ft²
5414 Fair Oaks Street #10D, FL, 34203 Listing by Timothy Bloch
Unit for rent at 7234 Eleanor Circle, FL, 34243

$2,150 /mo

  • 2 Beds
  • 2 Baths
  • 1,064 ft²
7234 Eleanor Circle #203, FL, 34243 Listing by Andrew Barnard

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Sarah Whisnant
RE/MAX ALLIANCE GROUP
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4507410
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 5616 Garden Lakes Drive built and last sold?
The property at 5616 Garden Lakes Drive was built in 1984 and last sold on Sep 7, 2021 for $320,000.
How much is this home worth?
The estimated value of the home located at 5616 Garden Lakes Drive is $314,097.
What are some comparable homes to 5616 Garden Lakes Drive?
There are currently no comparable homes to 5616 Garden Lakes Drive.
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