NOT LISTED FOR SALE

1500 Cove II Place Unit 514 Sarasota, FL 34242

Siesta Key Neighborhood

Estimated Value: $550,638 - $640,000

2 Beds
1.5 Baths
860 Sq Ft
$667/mo HOA Fee

Last Sold May 13, 2022

Last sale price $630,000 $733 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $4,560/month

2 Days on Market

Highlights

  • Access To Marina
  • Public Beach
  • Pool View
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • Solid Surface Countertops

About This Home

As of May 2022

Desirable first floor unit in Midnight Cove II. This 2 bedroom condo is a very short walk to the pool and close by to Crescent Beach with deeded access! Investors note that Midnight Cove II allows weekly rentals and has an on site office to manage them for you if you wish. Plenty or amenities including a marina, heated pool, tennis courts, pickleball, basketball and fitness center. The unit is being sold turn key and move in ready! Tastefully decorated with recent upgrades in furniture, paint and furnishings provide a welcoming feeling. Association fees include cable TV and high speed internet!

Last Listed By

Peter Lev

EXCEPTIONS REALTY License #3299217 Listed on: 04/21/2022

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,222

Year Built

  • Built in 1979

Lot Details

  • Public Beach
  • North Facing Home
  • Mature Landscaping

HOA Fees

  • $667 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Turnkey
  • Slab Foundation
  • Shingle Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 860 Sq Ft Home
  • 1-Story Property
  • Sliding Doors
  • Tile Flooring
  • Pool Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Outdoor Features

  • Access To Marina
  • Enclosed patio or porch

Utilities

  • Central Heating and Cooling System
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, internet, maintenance structure, ground maintenance, manager, pest control, pool maintenance, private road, trash
  • Joy Stevanavich Association, Phone Number (941) 349-1163
  • Visit Association Website
  • Midnight Cove Ii Community
  • Midnight Cove Ii Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 100 lbs
  • Pet Size Limit
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,222

Year Built

Built in 1979

Lot Details

0

HOA Fees

$667 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 860
  • New Construction: No
  • Year Built: 1979
  • Directions to Property: US 41 to Stickney Point Road. Turn right at end on Midnight Pass Road. Take the third driveway on the right into Midnight Cove II. Bear left at the entrance. Building will be on the right. Please do not park in a carport! Thanks,
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4532531?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4532531?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.96923
  • Price per Sq Ft: 732.56
  • Close to Original List Price Ratio: 0.96923
  • View: Yes
  • Co List Office Mls Id: 281524587
  • Co List Office Phone: 941-315-2662
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Tile
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Interior Amenities: Solid Surface Counters
  • Appliances Included: Dishwasher, Disposal, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 1500
  • Room Count: 5

Exterior Features

  • Direction Faces: North
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Pool
  • Waterfront: No
  • Patio and Porch Features: Enclosed
  • Water Access: Beach - Public, Marina
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0143F
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Fiber Optics
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Pool, Tennis Courts, Water Access
  • Association Name: Joy Stevanavich
  • Phone: 941-349-1163
  • Association: No
  • Senior Community: No
  • Condo Fees: 2001
  • Condo Fees Term: Quarterly
  • Association Website: www.midnightcoveii.com
  • Association Email: manager@midnightcoveii.com
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 667
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 8004
  • Total Monthly Fees: 667

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0108016067
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Number Limit, Size Limit
  • Pet Size: Large (61-100 Lbs.)
  • Max Pet Weight: 100
  • Minimum Lease: 1 Week
  • Num Timesper Year: 52
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: None

Tax Info

  • Tax Annual Amount: 4222
  • Tax Book Number: 13-30
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 21, 2022
Closed on
May 13, 2022
Sold by
Stephen Giufre
Bought by
Miraglia Jeffrey L and Bang Erika C
Seller's Agent
Peter Lev
EXCEPTIONS REALTY
Buyer's Agent
Victoria Beckham
MICHAEL SAUNDERS & COMPANY
List Price
$650,000
Sold Price
$630,000
Premium/Discount to List
-$20,000
-3.08%
Total Days on Market
2
Current Estimated Value
$606,660

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$23,340
Avg. Annual Appreciation
-1.26%

Purchase Details

Listed on
Dec 21, 2019
Closed on
Feb 13, 2020
Sold by
Argue William and The William Argue Revocable Tr
Bought by
Giufre Stephe
Seller's Agent
Shirley Dabringhaus
SUNSET REALTY
Buyer's Agent
Sandra LaFlamme
EXP REALTY LLC
List Price
$449,000
Sold Price
$440,000
Premium/Discount to List
-$9,000
-2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.46%

Purchase Details

Closed on
Apr 4, 2007
Sold by
Argue William R
Bought by
Argue William and The William Argue Revocable Tr

Purchase Details

Closed on
May 31, 2002
Sold by
Kopak Albert M and Kopak Judy E
Bought by
Argue William R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
6.92%

Purchase Details

Closed on
May 17, 2000
Sold by
Kopak Judy E
Bought by
Kopak Albert M and Kopak Judy E

Range of Values:

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Average Value
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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
Miraglia Jeffrey L $630,000 Berlin Patten Ebling Pllc
Giufre Stephe $440,000 Attorney
Argue William -- None Available
Argue William R $289,000 --
Kopak Albert M -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Argue William R $168,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/13/2022 05/13/22 Sold $630,000 -3.1% $733 / Sq Ft
04/24/2022 04/24/22 Pending -- -- --
04/21/2022 04/21/22 For Sale $650,000 +47.7% $756 / Sq Ft
02/19/2020 02/19/20 Sold $440,000 -2.0% $512 / Sq Ft
01/31/2020 01/31/20 Pending -- -- --
12/19/2019 12/19/19 For Sale $449,000 -- $522 / Sq Ft
Source: Stellar MLS

Tax History Compared to Growth

Source: Public Records

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
2024 $6,358 $473,700 -- $473,700
2023 $6,358 $510,700 $0 $510,700
2022 $5,010 $433,000 $0 $433,000
2021 $4,222 $315,400 $0 $315,400
2020 $4,096 $299,400 $0 $299,400
2019 $4,141 $306,500 $0 $306,500
2018 $3,929 $290,600 $0 $290,600
2017 $3,851 $269,346 $0 $0
2016 $3,634 $265,100 $0 $265,100
2015 $3,274 $222,600 $0 $222,600
2014 $3,780 $232,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Source: Stellar MLS

MLS Number: A4532531

Stellar MLS

APN: 0108-01-6067