NOT LISTED FOR SALE

1526 Pelican Point Dr Unit BA248 Sarasota, FL 34231

Vamo Neighborhood

Estimated Value: $387,000 - $530,000

2 Beds
2 Baths
1,368 Sq Ft
$525/mo HOA Fee

Last Sold February 24, 2014

Last sale price $283,000 $207 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $3,376/month

200 Days on Market

Highlights

  • White Water Ocean Views
  • Access to Bay or Harbor
  • Property Fronts a Bay or Harbor
  • Riverview High School Rated A
  • Boat Lift
  • Oak Trees

About This Home

As of February 2014

Enjoy a stunning view of Little Sarasota Bay from this freshly updated condo. This cleverly organized turn-key condo is move-in ready with new carpet and fresh paint. A rare find in Pelican Cove, there are updates to the bathrooms and kitchen, including renovations to remove the wall between the kitchen and dining area to create an open great room plan. This second floor unit provides natural light through clerestory windows in the vaulted ceilings. The lanai has been enclosed to increase square footage and creates a comfortable area to relax and watch the sunset looking toward Siesta Key and a Pelican Rookery. The grounds are often referred to as "Selby" like with lush foliage and Florida specimens providing 75 acres of a peaceful botanical setting. Pelican Cove features 6 pools, 4 tennis courts, an exercise room, boat docks, a boat harbor with slip rentals available, kayak/canoe storage, and a guard gatehouse for secure entrance. This community offers something for everyone with over thirty organizations and activities including art clubs, dancing clubs, bridge, music clubs, canoing, woodworks, exercise classes, tennis clubs, yachting club, and Pelican Cove University. This Unit is conveniently located near the Wilbanks Pool and Clubhouse where two rooms are available for rental to guests of residents.

Last Buyer's Agent

Joe Cleary

RE/MAX ALLIANCE GROUP License #0664433

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,884

Year Built

  • Built in 1976

Lot Details

  • Property Fronts a Bay or Harbor
  • Northeast Facing Home
  • Mature Landscaping
  • Oak Trees
  • Zero Lot Line

HOA Fees

  • $525 Monthly HOA Fees

Home Design

  • Entry on the 2nd floor
  • Slab Foundation
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,368 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Storage Room
  • White Water Ocean Views
  • Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Heated Pool
  • Access to Bay or Harbor
  • Access To Marina
  • Fishing Pier
  • First Come-First Served Dock
  • Boat Lift
  • Balcony
  • Outdoor Storage

Schools

  • Gulf Gate Elementary School
  • Brookside Middle School
  • Riverview High School

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, maintenance structure, ground maintenance, pest control, recreational facilities, sewer, trash, water
  • Pelican Cove Condo Association 941 966 5674 Association
  • Pelican Cove Community
  • Pelican Cove I Subdivision
  • The community has rules related to no truck, recreational vehicles, or motorcycle parking

Recreation

  • Tennis Courts
  • Recreation Facilities
  • Community Pool

Pet Policy

  • Pets up to 25 lbs
  • 2 Pets Allowed

Security

  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,884

Year Built

Built in 1976

Lot Details

0

HOA Fees

$525 per month

Listing Details

  • HOA Fee Includes: Cable TV, Maintenance Structure, Maintenance Grounds, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Siding
  • Fireplace: No
  • Living Area: 1368
  • New Construction: No
  • Year Built: 1976
  • Building Area Total: 1482
  • Directions to Property: From Tamiami or Beneva head south on Vamo, right turn into Pelican Cove. Must show Real Estate License at Security Gate.From gatehouse take the main road until it ends. Turn left onto Pelican Point Drive. Near the end of second building on the left.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Available for Lease YN: 1
  • Floor Number: 2
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 2 Months
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 206.87
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • MFR_DockDescription: Dock - Slip 1st Come
  • MFR_CommunityAssociationWaterFeatures: Boat Slip,Dock,Fishing,Marina,Water Access
  • Attribution Contact: 941-951-6660
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Attic, Cathedral Ceiling(s), Ceiling Fans(s), High Ceilings, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Vaulted Ceiling(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 2
  • Window Features: Blinds
  • Street Number Modifier: 1526
  • ResoLivingAreaSource: Owner
  • Additional Rooms: Attic,Great Room,Storage Rooms
  • Living Area Meters: 127.09
  • Room Count: 7

Exterior Features

  • Direction Faces: Northeast
  • Other Structures: Storage, Tennis Court(s)
  • Pool Features: Heated
  • Exterior Features: Balcony, Sliding Doors, Storage, Tennis Court(s)
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: LITTLE SARASOTA BAY
  • Waterfront: Yes
  • Disclosures: Seller Property Disclosure
  • Water Access: Bay/Harbor,Marina
  • Water Extras: Fishing Pier,Lift,Sailboat Water
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Full
  • Water View YN: 1
  • Waterfront Feet Total: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned, Guest

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Gated, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts
  • Association Amenities: Gated, Recreation Facilities, Tennis Court(s)
  • Association Name: Pelican Cove Condo Association 941-966-5674
  • Association: No
  • Security: Gated Community
  • Senior Community: No
  • Pet Restrictions: Lessees may not have pets
  • Association Fee Requirement: None
  • Building Name Number: PELICAN COVE I
  • Condo Fees: 525
  • Max Pet Weight: 25
  • Monthly Condo Fee Amount: 525
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 6300.00
  • Total Monthly Fees: 525.00

Schools

  • Elementary School: Gulf Gate Elementary
  • High School: Riverview High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF3
  • Parcel Number: 0126101085
  • Additional Parcels: No
  • Lot Features: In County, Zero Lot Line
  • Homestead YN: 0
  • Future Land Use: 0403

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Expected Lease Date: 2014-02-24T00:00:00.000

Tax Info

  • Tax Annual Amount: 2884
  • Tax Block: 5B
  • Tax Book Number: 0008/0037
  • Tax Lot: 248

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 2, 2013
Closed on
Feb 18, 2014
Sold by
Channel Management Group Llc and Fields Lee C
Bought by
Jacobs Peggy
Buyer's Agent
Joe Cleary
RE/MAX ALLIANCE GROUP
List Price
$314,900
Sold Price
$283,000
Premium/Discount to List
-$31,900
-10.13%
Current Estimated Value
$451,646

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$168,646
Avg. Annual Appreciation
4.45%

Purchase Details

Closed on
Dec 17, 2004
Sold by
Fields Lee C and Fields Joyce E
Bought by
Channel Management Group Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 2003
Sold by
Hughes John and Coleman Veronica
Bought by
Dalton James A and Dalton Virginia

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
6.16%

Purchase Details

Closed on
Jul 1, 2002
Sold by
Grimes William H
Bought by
Hughes John and Coleman Veronica

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,400
Interest Rate
6.86%
Source: Public Records

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
Jacobs Peggy $283,000 Attorney
Channel Management Group Llc $154,000 Signature Title Services Llc
Fields Lee C $395,000 Signature Title Services Llc
Dalton James A $325,000 --
Hughes John $238,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fields Lee C $308,000
Previous Owner Dalton James A $200,000
Previous Owner Hughes John $190,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2014 02/24/14 Sold $283,000 -5.6% $207 / Sq Ft
01/19/2014 01/19/14 Pending -- -- --
10/14/2013 10/14/13 Price Changed $299,900 -4.8% $219 / Sq Ft
07/02/2013 07/02/13 For Sale $314,900 -- $230 / 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 $4,903 $367,000 -- $367,000
2023 $4,903 $396,600 $0 $396,600
2022 $4,601 $374,000 $0 $374,000
2021 $4,078 $297,800 $0 $297,800
2020 $4,071 $292,300 $0 $292,300
2019 $3,691 $264,800 $0 $264,800
2018 $3,882 $281,400 $0 $281,400
2017 $3,653 $282,500 $0 $282,500
2016 $3,815 $265,300 $0 $265,300
2015 $3,653 $246,300 $0 $246,300
2014 $3,323 $184,525 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3980693

Stellar MLS

APN: 0126-10-1085