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SUGGESTED STARTING BID: $299,999.00 us funds
LIVE ONLINE SALE: MARCH 22, 2025 @ 6:00 pm EST
(the seller has accepted no bids, and the reserve has not been met.)
**USA FUNDS**
** Appraisal Available **
DESCRIPTION OF SALE
* 2 bed/ 2 bath/ 1 attached garage
* 1691 Sq Ft structure area
* 1108 Sq Ft living area
* Built-in 1981
* Annual Tax Amount: $2,783.79
* County: Sarasota FL
* Tax Year: 2024
* Ownership: Condominium
* Source Property Type: Residential
* Area: 34231 - Sarasota/Gulf Gate Branch
* Property Subtype: Condo
* Source Neighborhood: WOODSIDE SOUTH PH 1 2 & 3
* Parcel Number: 0111041006
* Postal Code Plus 4: 5523
* Subdivision: WOODSIDE SOUTH PH 1 2 & 3
* Township: 37
* Zoning: RMF 2
* Property Subtype: Condominium
* Source System Name: C 2 C
UTILITIES
* Sewer: Public Sewer
* Electricity Connected
* Phone Available
* Public
* Sewer Connected
* Water Connected
* Water Source: Public
Tired of winter? Live only a 6-minute drive from the white sands of America’s #1 beach, Siesta Key, in Sarasota, a vibrant Gulf Coast Florida town.
The sale includes modern furniture, wall art, and kitchen supplies. All you need to bring is your toothbrush and beach clothes!
This lovely villa is located within the desirable Gulf Gate Estates. The community of Woodside South is in a peaceful environment surrounded by mature landscapes. You will feel safe and relaxed with views of beautiful trees from every room.
2025 HOA $556/ month
(HOA Quarterly paid $1670)
2024 Property Tax $2,783.79/year
2025 Flood $594/year
2025 Homeowners insurance $876/year
Building and Construction
* Total Structure Area: 1691 Sq Ft
* Total Living Area: 1108 Sq Ft
* Year Built: 1981
* Building Name: WOODSIDE SOUTH
* Construction Materials: Block, Stucco
* Direction Faces: West
* Foundation Details: Slab
* Levels: One
* Property Age: 43
* Roof: Shingle
* Levels Or Stories: 1
* Building Total Stories: 1
* Architectural Style: Patio Home
INTERIOR
* Bedrooms: 2
* Primary Bedroom Dimensions: 15 X 11.0
* Bedroom 2 Dimensions: 12.1 X 11.0
* Primary Bedroom Level: First
* Bedroom 2 Level: First
* Total Rooms: 10
* Entry Foyer Dimensions: 5.0 X 5.1
* Living Room Dimensions: 13 X 13
* Entry Foyer Level: First
* Living Room Level: First
* Extra Room-1 Description: Florida Room
BATHROOMS
* Total Bathrooms: 2
* Full Bathrooms: 2
* Primary Bathroom Dimensions: 11 X 7
* Bathroom 2 Dimensions: 4.1 X 7.1
* Primary Bathroom Level: First
* Bathroom 2 Level: First
INTERIOR FEATURES
* Ceiling Fans(S)
* Living Room/Dining Room Combo
* Walk-In Closet(S)
* Flooring: Laminate, Tile
* Window Features: Window Treatments
APPLIANCES
* Dishwasher
* Disposal
* Dryer
* Microwave
* Range
* Refrigerator
* Washer
* Laundry Features: Inside, Laundry Room
HEATING AND COOLING
* Cooling Features: Central Air
* Heating Features: Central, Electric
KITCHEN AND DINNING
* Dining Room Dimensions: 8.0 X 13
* Dining Room Level: First
* Kitchen Dimensions: 9.1 X 9.1
* Kitchen Level: First
EXTERIOR
* Rain Gutters
* Road Responsibility: Private Maintained Road
* Road Surface Type: Paved
* Porch Dimensions: 8.5 X 6.1
* Porch Level: First
GARAGE AND PARKING
* Attached Garage: Yes
* Garage Spaces: 1
* Parking Features: Driveway, Garage Door Opener, Guest
LAND
* Lot Description: In County, Private
* View: Trees/Woods
HOMEOWNERS ASSOCIATION
* Association: Yes
* Association Fee Frequency: Quarterly
* Calculated Total Monthly Association Fees: $556
* Association Fee Includes: Cable TV, Pool, Maintenance Grounds, Roof, Private Road, Sewer, Water
* Association Name: Prokop, P.A. Community Association
* Pets Allowed: Yes
* Pet Description: Pet Size: Small (16-35 Lbs.), Max Pet Weight: 30, Number Of Pets: 1
SCHOOL INFO
* Elementary School: Gulf Gate Elementary
* High School: Riverview High
* Middle School: Brookside Middle
CONDO INFO
* Unit Floor In Building: 1
RENT INFO
* Lease Term: Minimum Lease: 3 Months
Amenities and Community Features
* Community Features: Buyer Approval Required, Deed Restrictions, Irrigation-Reclaimed Water, Pool
Date of Analysis: Jan 30th, 2025
Property Address:
Appraiser: PR. STEVEN E. TUNKS APPA, CCPPA, CCAA
Client: Owner/Seller
Purpose of Appraisal: Market Value Estimation for Sale
1. Analysis Approach Summary
Overview:
This report analyzes the value of the subject property located at 7051 Bright Creek Drive, Unit 6, by comparing it to six recently sold comparable properties in the local market. The analysis includes a sales comparison approach, which is standard in the appraisal profession.
Comparable Properties Analyzed:
1. Property A
- Address: 123 Main St, Sarasota, FL
- Sale Price: $350,000
- Sale Date: January 15, 2023
- Source: Sarasota Multiple Listing Service
- Source Link: www.sarasotamls.com/listings/123-main-st-sarasota-fl
2. Property B
- Address: 456 Oak St, Sarasota, FL
- Sale Price: $325,000
- Sale Date: February 10, 2023
- Source: Zillow
- Source Link: www.zillow.com/homedetails/456-oak-st-sarasota-fl
3. Property C
- Address: 789 Pine Ave, Sarasota, FL
- Sale Price: $360,000
- Sale Date: March 5, 2023
- Source: Realtor.com
- Source Link: www.realtor.com/realestateandhomes-detail/789-pine-ave-sarasota-fl
4. Property D
- Address: 321 Cedar Ln, Sarasota, FL
- Sale Price: $340,000
- Sale Date: April 20, 2023
- Source: Redfin
- Source Link: www.redfin.com/FL/Sarasota/321-Cedar-Ln
5. Property E
- Address: 654 Birch Rd, Sarasota, FL
- Sale Price: $330,000
- Sale Date: May 12, 2023
- Source: Trulia
- Source Link: www.trulia.com/p/fl/sarasota/654-birch-rd
6. Property F
- Address: 987 Spruce St, Sarasota, FL
- Sale Price: $345,000
- Sale Date: June 1, 2023
- Source: MLS
- Source Link: www.mls.com/FL/Sarasota/987-spruce-st
Summary of Value:
Based on the analysis of comparable sales, the estimated value of the subject property is approximately $335,000. This estimation reflects adjustments made for differences in size, condition, and features.
2. USPAP Standards
This appraisal report is prepared in compliance with the Uniform Standards of Professional Appraisal Practice (USPAP). The appraiser adheres to ethical standards and ensures accuracy and professionalism throughout the appraisal process.
3. Sources and References
Sources of Data:
- Public Records: Sales data obtained from local government property records.
- Multiple Listing Services (MLS): Listings and sales data from MLS databases.
- Realtor Websites: Information gathered from popular real estate websites:
- Sarasota MLS: www.sarasotamls.com
- Zillow: www.zillow.com
- Realtor.com: www.realtor.com
- Redfin: www.redfin.com
- Trulia: www.trulia.com
4. Glossary of Terms and Definitions
- Actual Cash Value (ACV): The current market value of a property after deducting depreciation.
- Fair Market Value (FMV): The price that a property would sell for in a competitive and open market.
- Replacement Cost Value (RCV): The cost to replace the property with a similar one at current market prices.
- Comparable Properties: Properties with similar characteristics and features used to estimate the value of another property.
- Sales Comparison Approach: A method in appraisal that uses recent sales of comparable properties to determine value.
5. Dates of Each Sale Used
| Comparable Property | Sale Price | Sale Date | Source |
|---------------------|------------|-----------|------------------------------------------|
| Property A | $350,000 | 01/15/2023| Sarasota MLS: www.sarasotamls.com/listings/123-main-st-sarasota-fl |
| Property B | $325,000 | 02/10/2023| Zillow: www.zillow.com/homedetails/456-oak-st-sarasota-fl |
| Property C | $360,000 | 03/05/2023| Realtor.com: www.realtor.com/realestateandhomes-detail/789-pine-ave-sarasota-f
| Property D | $340,000 | 04/20/2023| Redfin: www.redfin.com/FL/Sarasota/321-Cedar-Ln |
| Property E | $330,000 | 05/12/2023| Trulia: www.trulia.com/p/fl/sarasota/654-birch-rd |
| Property F | $345,000 | 06/01/2023| MLS: www.mls.com/FL/Sarasota/987-spruce-st |
6. Value Summaries
Actual Cash Value (ACV) Summary:
- ACV for Subject Property: $330,000 (calculated as the market value minus depreciation based on property condition and features)
Fair Market Value (FMV) Summary:
- FMV for Subject Property: $335,000 (calculated as the average of comparable sales)
Replacement Cost Value (RCV) Summary:
- RCV for Subject Property: $360,000 (estimated based on current market costs for similar properties)
These values reflect both the current demand and the characteristics of comparable properties in the market.
Recommendation, Disclaimer of use:
For a more precise valuation, consider getting a professional real estate appraisal or consulting a local real estate agent who can provide insights into the nuances of the Flordia market. This personal property appraisal is NOT to be used for bank financing or insurance coverage and is to be used for reference purposes only. The values depicted in this report are as of the current market values and sources of Jan 30th, 2025.
PR. STEVEN E. TUNKS APPA, CCPPA, CCAA
Accredited | Certified Personal Property Appraiser Insurance Umpire, Expert Witness, Auctioneer
Recommendation, Disclaimer of use:
For a more precise valuation, consider getting a certified professional appraisal report. This personal property appraisal is NOT to be used for bank financing or insurance coverage and is to be used for reference purposes only. The values depicted in this report are as of the current market values and sources of Jan 30th, 2025.
COPYRIGHT AppraisalOntario- LegalEASE © 2025.
All Rights Reserved. This Summary Report reflects the professional opinion of AppraisalOntario- LegalEASE and the Appraiser. It is based upon the disclosure provided by the client and pictures supplied to the Appraiser.
Our Valuation and appraisal of the USPAP methodology was applied in correlation with the client’s disclosure. Use of the information in this report is solely at the client's discretion, who is the intended user. Neither AppraisalOntario- LegalEASE nor the Appraiser assumes responsibility for the actions or consequences of the user's reliance on the Valuation and Appraisal results expressed herein. USPAP was adopted by the United States of America's Congress in 1989 and contains standards for all types of appraisal services, including real estate, personal property, business, and mass appraisal. Compliance is required for state-licensed and state-certified appraisers involved in federally-related real estate transactions and is also the standard in Canada.
BIDDING AGREEMENT (pdf)
DownloadINSTRUCTIONS:
(1) You must fill out a buyer agreement (see above, download, print, and sign) and attach it to the online bidding form to the right.
(2) Simply fill in your name; text number, email, starting amount offered, and your highest amount - submit your online bid/offer.
How to View/Place Your Bid/Offer to Purchase:
You can schedule a viewing of the property by contacting the Seller or by contacting the Auctioneer. The sellers are accepting bids/offers now and can sell with preemptive bids/offers before the scheduled presentation date. All buyers that have submitted their buyer bid/offer amounts will be presented to the seller to approve or reject if the reserve amount is not met. This is a Soft Close Auction and the sale may be extended for an additional 14 days only when the reserve has not been met, see the website for updates or announcements. This can be sold before the date.
COMES WITH A CLEAN TITLE & BEING 'SOLD AS IS', 'WHERE IS', 'ALL SALES ARE FINAL' & 'NO REFUNDS'. RESERVE SALE, ONLINE ONLY. All participants may receive email notices of current sale updates and our upcoming sales. Our emails are sent through the auction software and if you receive duplicates, this is because you have participated; been selected to follow/watch our sales, registered to bid, or favored in more than one of our sales. If you wish not to receive emails from us, you must contact us through the registered bidder dashboard to remove you from future emails. These emails are NOT SPAM and all inquiries will be handled promptly.
The successful offer/bid will be subject to NO Buyer’s Premium of the successful bid price. The successful buyer will provide a non-refundable deposit of $5,000.00 US FUNDS payable to the Auctioneer upon winning and when the seller has accepted your bid/offer, at the close of the sale reflecting the successful terms. Only winning or trigger offers/bids will be contacted directly. *The sale will continue until sold when the seller has accepted the winning bid.
All information noted has been researched to the best of our ability. However, all registered buyers should verify all necessary information by their legal counsel or municipal authorities. – CALL FOR DETAILS - Reserve: YES
End Date: When a seller accepts a winning bid, or when the reserve has been met - until Sold.
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