NOT LISTED FOR SALE

1255 E Peppertree Dr Unit 302 Sarasota, FL 34242

Estimated Value: $574,000 - $679,000

2 Beds
2 Baths
1,163 Sq Ft
96,703 Sq Ft Lot

Sale Details

Date Sold: October 29, 2020

Last sale price $442,500 $380 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $4,565 / mo

140 Days on Market

Highlights

  • Waterfront Community
  • Water access To Gulf or Ocean To Bay
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Private Beach
  • Heated In Ground Pool

About This Home

As of October 2020

Resort-style community on Siesta Key! Peppertree is a beach front property. This 2 bedroom 2 bath condo is nestled among the trees, near the pool and is just steps from the fishing pier. Image your self walking the beach every day and watching the sunset. The condo is bright and sunny with plenty of room for guests. The kitchen has Corian counter tops and the bathrooms have beautiful solid wood cabinets with granite counter tops.This will be the perfect place to retire or to have as your 2nd home. Quality designer furniture included, newer ultra comfortable Tempur-Pedic mattresses. Meticulously maintained. Truly a tropical paradise, this 3rd floor condo has a serene setting with a view of the pool from the lanai and is surrounded by luscious greenery and tall trees. You can be at peace at last. The lanai is very spacious 37' x 7'. It has enough room to sleep extra guests or have an additional seating area and another table for your entertaining. There is plenty of storage through out the condo and there is a utility room for the washer and dryer. Peppertree is a beach to bay complex that is well maintained. Peppertree boast of it's updated amenities: 2 heated pools for your convenience and pleasure, 2 clubhouses for your entertaining, a fitness center, so you can stay healthy, don't forget to bring your fishing pole because you will be fishing or just sitting on the pier for a nightcap or fishing with friends, tennis courts, BBQ areas, and a private beach where your beach chairs are provided for you. There is under-building parking for your vehicle and bicycles. The parking spot is near the elevator. There is weekend and night security on the property. Rental and on-site management. Peppertree is truly a place to retreat, restore, and enjoy togetherness with your family.

Last Agent to Sell the Property

Cheryl Santelli

PEPPERTREE BAY REALTY INC License #3092756 Listed on: 05/02/2020

Last Buyer's Agent

Josie Cline

MICHAEL SAUNDERS & COMPANY License #3327884

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,366

Year Built

  • Built in 1972

Lot Details

  • Private Beach
  • West Facing Home
  • Street paved with bricks

HOA Fees

  • $642 Monthly HOA Fees

Parking

  • Parking Garage Space

Property Views

  • Woods
  • Pool

Home Design

  • Elevated Home
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior

Interior Spaces

  • 1,163 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Drapes & Rods
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Access To Pond
  • Fishing Pier
  • Deeded access to the beach
  • Outdoor Storage

Location

  • Property is near public transit

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, private road, recreational facilities, security, sewer, trash, water
  • Jim Freeman Association, Phone Number (941) 349-7777
  • Mid-Rise Community
  • Peppertree Bay Community
  • Peppertree Bay I Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
  • Rental Restrictions

Amenities

  • Sauna
  • Elevator

Recreation

  • Waterfront Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • No Pets Allowed

Security

  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,366

Year Built

Built in 1972

Lot Details

2.22 Acres

HOA Fees

$642 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1163
  • Lot Size Acres: 2.22
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 1462
  • Lot Size Sq Ft: 96786
  • Status: Sold
  • Street Direction: E
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4466212?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4466212?w=Customer
  • Floor Number: 3
  • Homestead Y N: No
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Elevated, Mid Rise
  • Ratio: Close Price\List Price: 0.98333
  • Price per Sq Ft: 380.48
  • Close to Original List Price Ratio: 0.88677
  • Ratio: Current Price\Building Area Total: 302.67
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Eating Space In Kitchen, Elevator, Living Room/Dining Room Combo, Solid Surface Counters, Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: No
  • Stories: 1
  • Window Features: Drapes
  • Room Count: 7
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated, In Ground
  • Exterior Features: Sliding Doors, Storage, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • View: Pool, Trees/Woods
  • Waterfront: No
  • Road Surface Type: Street Brick
  • Water Access: Beach - Access Deeded, Beach - Private, Gulf/Ocean to Bay, Pond
  • Water Extras: Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0143F
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Under Building
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Cable Connected, Public, Street Lights, Water Available, Water Connected
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fishing, Fitness, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Elevator(s), Fitness Center, Maintenance, Pool, Recreation Facilities, Sauna, Security, Tennis Court(s), Vehicle Restrictions
  • Association Name: Jim Freeman
  • Phone: 941-349-7777
  • Association: No
  • Senior Community: No
  • Condo Fees: 642
  • Condo Fees Term: Monthly
  • Association Email: jfreeman@peppertreebay.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 642
  • Amenities Additional Fees: There may be special assessments in the future if building 1255 doesn't have enough in their reserve to cover amount.
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7704
  • Total Monthly Fees: 642

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0106035014
  • Additional Parcels: No
  • Lot Features: Near Public Transit
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1 Month
  • Approval Process: Fill out an Application to Purchase with $100 and turn it into the office.
  • Num Timesper Year: 4
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Call the rental agent in the Peppertree office for specific requirements.

Tax Info

  • Tax Annual Amount: 4366
  • Tax Book Number: 5-39
  • Tax Lot: 302

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 13, 2023
Sold by
Bartlett Steven Jerel and Bartlett Betsy Sue
Bought by
Steven J Bartlett And Betsy S Bartlett Living
Current Estimated Value
$632,789

Purchase Details

Listed on
May 2, 2020
Closed on
Oct 29, 2020
Sold by
Mary Banks Trust and Banks Katelyn
Bought by
Bartlett Steven Jerel and Bartlett Betsy Sue
Seller's Agent
Cheryl Santelli
PEPPERTREE BAY REALTY INC
Buyer's Agent
Josie Cline
MICHAEL SAUNDERS & COMPANY
List Price
$499,000
Sold Price
$442,500
Premium/Discount to List
-$56,500
-11.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.84%
Original Mortgage
$331,875
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 2017
Sold by
Banks Mary E
Bought by
Banks Mary E and The Mary Banks Trust

Purchase Details

Closed on
May 1, 2017
Bought by
Mary Banks Trust

Purchase Details

Closed on
May 1, 2016
Bought by
Mary Banks Trust

Purchase Details

Closed on
Mar 16, 2016
Sold by
Banks Hunter L
Bought by
Banks Mary F

Purchase Details

Closed on
Jun 23, 2006
Sold by
Willard David G and Willard Joann Maude
Bought by
Banks Hunter L and Banks Mary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Steven J Bartlett And Betsy S Bartlett Living $100 --
Bartlett Steven Jerel $442,500 Shaw Timothy S
Banks Mary E -- Attorney
Mary Banks Trust $100 --
Mary Banks Trust $100 --
Banks Mary F -- None Available
Banks Hunter L $543,000 Extreme Title Company Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bartlett Steven Jerel $331,875
Previous Owner Banks Hunter L $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/29/2020 10/29/20 Sold $442,500 -1.7% $380 / Sq Ft
09/13/2020 09/13/20 Pending -- -- --
07/15/2020 07/15/20 Price Changed $450,000 -4.1% $387 / Sq Ft
06/09/2020 06/09/20 Price Changed $469,000 -6.0% $403 / Sq Ft
04/26/2020 04/26/20 For Sale $499,000 -- $429 / Sq Ft
Source: Stellar MLS

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,192 $494,900 -- $494,900
2024 $5,943 $489,400 -- $489,400
2023 $5,943 $522,700 $0 $522,700
2022 $5,279 $445,300 $0 $445,300
2021 $4,553 $338,700 $0 $338,700
2020 $4,266 $309,500 $0 $309,500
2019 $4,366 $321,200 $0 $321,200
2018 $3,986 $291,700 $0 $291,700
2017 $4,050 $291,700 $0 $291,700
2016 $4,093 $291,700 $0 $291,700
2015 $3,799 $259,000 $0 $259,000
2014 $4,326 $266,530 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4466212

Stellar MLS

APN: 0106-03-5014

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