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1444 Trune Venice, FL 34292

3 Beds 3 Baths 2,543 sqft Built 1990

$474,000

List Price

$2,620

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $186.39
  • 2 Days on Market
  • MLS # : N6113790
  • Updated Date : 02/13/2021 at 18:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,543 sqft
  • Baths : 3 full
Listing Agent

West Coast Realty Of Venice

Listing Agent's Description

WELCOME HOME! This is truly a magnificent home centrally located in Venice within the gates of WATERFORD, one of the area's most popular golf course communities. Once through the tree-canopied guard gate, you'll find the quiet neighborhood of Devonshire tucked away on the east side of Waterford, with the homes positioned around the golf course for award-winning views. Our home has three bedrooms and three baths and a solar-heated pool overlooking a beautiful lake with the golf course views. From the formal living room, you can watch the soft breezes gently sway the Spanish moss hanging from the giant oak trees in the backyard, framing the lake and golf course views. A more casual family room is situated off the kitchen and breakfast nook, creating a warm atmosphere in which to relax, watch TV and enjoy the fireplace. The bedrooms are split plan style, with the master suite on one side of the home and the two guest bedrooms and two baths located on the opposite side of the home, great for when company comes to visit. Environmentally-conscious owners have installed a WHOLE HOUSE SOLAR SYSTEM....their electric bills each month are ZERO. And last year the electric company gave them money back! Truly remarkable. Other recent upgrades by these owners include: HURRICANE IMPACT WINDOWS, HURRICANE SHUTTERS FOR THE LANAI SLIDERS, new SCREEN ENCLOSRE ON LANAI, new BRICK PAVERS ON LANAI, new POOL HEATER, new POOL PUMP, new BATHROOM VANITIES with GRANITE (in all 3 bathrooms), REDESIGNED MASTER CLOSETS, WHOLE HOUSE SOLAR SYSTEM ($41,000), HURRICANE-RESISTANT GARAGE DOOR. Sellers have spent over $115,000 getting this home picture-perfect, there is absolutely nothing left here to do but move in and start enjoying life in Waterford. The garage is extra large (550 SF) and features room for two cars, a workbench, and even has an additional separate room perfect for additional storage, holiday decorations, bicycles, golf clubs, etc. Additional features include high ceilings, custom paint colors throughout, two living spaces, two dining spaces, and a huge screened patio area (864 SF) overlooking the lake and golf course. This is it. And this is the ONLY home for sale right now in all of Waterford. If you're looking for a golf course community where GOLF MEMBERSHIP IS OPTIONAL, this is it! The Waterford Clubhouse has a fitness center, tennis courts, playground, meeting room for social events and of course is home to world-class golfing. Welcome home!

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MARKET HIGHLIGHTS

  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)
  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)

PRICE & RENT TRENDS

Neighborhood: Waterford

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $123k452k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Waterford

NeighborhoodNIR Market*CityMarket20102015Year20082019 Q21400160018002000220024002600Rent in $12942775

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Garden Elementary School Primary Regular 649 43 6
Venice Middle School Middle Regular 543 41 7
Venice High School High Regular 1,941 96 8

Garden Elementary School

  • Education Level: Primary
  • # of students: 649
  • # of teachers: 43
6
GreatSchools Rating

Venice Middle School

  • Education Level: Middle
  • # of students: 543
  • # of teachers: 41
7
GreatSchools Rating

Venice High School

  • Education Level: High
  • # of students: 1,941
  • # of teachers: 96
8
GreatSchools Rating
 

$426,600$521,400$474,000

PURCHASE PRICE

$2,358$2,882$2,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,620
EXPENSES Loan Payment -$1,646
Property Tax -$513
Property Insurance -$192
HOA -$132
Property Management Fees -$129
CASH FLOW
$8

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 12% of earned rent to cover both maintenance and periods of vacancy.

$474,000

PROJECTED PRICE

$2,620

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.34%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 3.70%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,360

INVESTMENT

$131,360

Down Payment
$118,500
Rehab Estimate
$5,750
Closing Costs
$7,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,646

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,500
Loan Amount $355,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$30,357

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,620

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,653

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,6003$2,620
$2,620
RENT COMPS ANALYSIS
  • 1444 Trune Venice, FL 3
    • 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,543 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,620
    • $1.03
    •  
  • 1616 Kilpatrick Rd Nokomis, FL 1
    • 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1976 4 beds 3 baths ∙ 2,455 Sqft ∙ Built 1976
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.59
    •  
  • 341 Montelluna Dr North Venice, FL 2
    • 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,257 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.71
    •  
PROPERTY LISTING DETAILS
Kim Gambo
1.941.321.7229
West Coast Realty Of Venice
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: N6113790
Last Updated: 02/13/2021
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