NOT LISTED FOR SALE

203 55th St Holmes Beach, FL 34217

Estimated Value: $1,256,000 - $1,423,000

4 Beds
2 Baths
1,963 Sq Ft
$681/Sq Ft Est. Value

Last Sold July 24, 2019

Last sale price $850,000 $433 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $8,551/month

217 Days on Market

Highlights

  • Heated Pool
  • Open Floorplan
  • Deck
  • Anna Maria Elementary School Rated A-
  • Cape Cod Architecture
  • Living Room with Fireplace

About This Home

As of July 2019

Huge price reduction. Adorable island gem. A lovely 4 bed/2 bath pool home just steps from the beautiful sandy beach. The perfect island retreat for full time living, second home or a profitable vacation rental. This spacious home is turnkey, fully furnished with the charm and comfort of casual, country, costal cottage décor and was featured on the annual Anna Maria Tour of Homes. Enter this charming cottage to a cozy living room with a fireplace, that leads into a spacious open plan Kitchen, dining and family room and opens to the tropical back yard and lushly landscaped pool area. The Florida room offers ample seating, for quite relaxation, reading or dining. Room for all the family to enjoy their own activities in their own spaces. There are four large bedrooms, one of which can be used as a TV room/den/office and has a sleeper sofa and a built-in desk. The home sits on a double lot with spacious double garage. The backyard is truly a tropical oasis, totally private, beautifully landscaped with lots of room for sunning, sitting, dining, barbequing and entertaining. Relax and enjoy your morning coffee, evening cocktail, or al fresco dining, whilst enjoying the soothing background sound of the waterfall cascading over its rocky path into the pool. Being so close to the beach, this home is a popular island rental retreat with gross revenues last year of over $80,000 and rental bookings of $84,000 already in place for 2019. Don’t miss this opportunity to purchase this piece of island paradise.

Last Agent to Sell the Property

Suzanne Richardson

S & D REAL ESTATE SERVICE LLC License #3216251 Listed on: 10/31/2018

S & D REAL ESTATE SERVICE LLC

Co-Listed By

Quentin Talbert

A PARADISE INC REALTOR License #0698979

Last Buyer's Agent

Sherry Nazzaro Sasser

SATO REAL ESTATE INC. License #0421882

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,649

Year Built

  • Built in 1949

Lot Details

  • 0.25 Acre Lot
  • North Facing Home
  • Fenced
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees
  • Property is zoned R2

Parking

  • 2 Car Attached Garage
  • Workshop in Garage
  • Garage Door Opener
  • Driveway
  • Guest Parking
  • Open Parking
  • Golf Cart Parking

Home Design

  • Cape Cod Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,963 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Wood Burning Fireplace
  • Blinds
  • French Doors
  • Family Room Off Kitchen
  • Living Room with Fireplace
  • Sun or Florida Room
  • Ceramic Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Primary Bedroom on Main
  • 2 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Pool

  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio
  • Exterior Lighting
  • Front Porch

Location

  • Flood Insurance May Be Required

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Holmes Gulf To Bay Dev Subdivison Community
  • Holmes Gulf To Bay Dev Sub Firs Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,649

Year Built

Built in 1949

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Cape Cod
  • Construction Materials: Block, Wood Frame
  • Fireplace: Yes
  • Living Area: 1963
  • Lot Size Acres: 0.25
  • New Construction: No
  • Year Built: 1949
  • Lot Size Sq Ft: 11077
  • Directions to Property: Gulf Drive to 55th St, turn right second house on right.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4417531&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4417531&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.95506
  • Price per Sq Ft: 433.01
  • Close to Original List Price Ratio: 0.85859
  • View: No
  • Co List Office Mls Id: 266500065
  • Co List Office Phone: 941-778-4800
  • Ownership: Fee Simple
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Living Room, Wood Burning
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Kitchen/Family Room Combo, Master Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 4
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 203
  • Room Count: 10
  • Additional Rooms: Florida Room
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: North
  • Pool Features: Heated
  • Exterior Features: Fenced, French Doors, Irrigation System, Lighting, Outdoor Shower
  • Roof: Shingle
  • Pool Private: Yes
  • Waterfront: No
  • Patio and Porch Features: Deck, Front Porch, Patio
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0139E
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener, Golf Cart Parking, Guest, Workshop in Garage
  • Covered Parking Spaces: 2
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Meter
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Lot Info

  • Zoning: R2
  • Parcel Number: 7206500006
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: No Minimum
  • Lease Restrictions Y N: No
  • Month To Month Or Weekly Y N: Yes

Tax Info

  • Tax Annual Amount: 10649
  • Tax Block: A
  • Tax Book Number: 7-25
  • Tax Lot: 4

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2018
Closed on
Jul 24, 2019
Sold by
Royale Palm Properties Llc
Bought by
Mullins Jerry O and Mullins Brenda L
Seller's Agent
Suzanne Richardson
S & D REAL ESTATE SERVICE LLC
Buyer's Agent
Sherry Nazzaro Sasser
SATO REAL ESTATE INC.
List Price
$990,000
Sold Price
$850,000
Premium/Discount to List
-$140,000
-14.14%
Current Estimated Value
$1,336,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,508
Avg. Annual Appreciation
7.50%
Original Mortgage
$477,350
Outstanding Balance
$417,597
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$918,911

Purchase Details

Closed on
Feb 8, 2016
Sold by
Friesen Paul T and Friesen Marcia A
Bought by
Royal Palm Properties Llc

Purchase Details

Closed on
Feb 1, 2016
Bought by
Royale Palm Properties Llc

Purchase Details

Closed on
Jan 4, 2010
Sold by
Whelan John M and Whelan Kathleen R
Bought by
Friesen Paul T and Friesen Marcia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
4.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 8, 2002
Sold by
Lacios Steve
Bought by
Whelan John M and Whelan Kathleen R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.95%

Purchase Details

Closed on
Apr 30, 2001
Sold by
Eddy Kip
Bought by
Lacios Steve

Purchase Details

Closed on
Mar 24, 1998
Sold by
Shortelle Robert E and Shortelle Rose M
Bought by
Eddy Kip

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$130,608
Interest Rate
7.01%
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
Mullins Jerry O $850,000 Attorney
Royal Palm Properties Llc -- Attorney
Royale Palm Properties Llc $100 --
Friesen Paul T $600,000 Barnes Walker Title Inc
Whelan John M $425,000 --
Lacios Steve $266,500 --
Eddy Kip $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mullins Jerry O $477,350
Previous Owner Friesen Paul T $417,000
Previous Owner Whelan John M $300,000
Previous Owner Eddy Kip $130,608
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/24/2019 07/24/19 Sold $850,000 -4.5% $433 / Sq Ft
06/05/2019 06/05/19 Pending -- -- --
02/06/2019 02/06/19 Price Changed $890,000 -10.1% $453 / Sq Ft
10/31/2018 10/31/18 For Sale $990,000 -- $504 / 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
2025 $18,489 $1,028,556 -- --
2024 $18,489 $1,466,036 $1,021,530 $444,506
2023 $17,817 $1,420,127 $953,428 $466,699
2022 $11,977 $967,494 $560,840 $406,654
2021 $11,498 $702,517 $480,720 $221,797
2020 $11,125 $645,409 $438,672 $206,737
2019 $10,709 $623,361 $416,624 $206,737
2018 $10,650 $617,145 $416,624 $200,521
2017 $9,733 $588,392 $0 $0
2016 $9,186 $542,513 $0 $0
2015 $7,688 $494,921 $0 $0
2014 $7,688 $490,993 $0 $0
2013 $7,664 $483,737 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4417531

Stellar MLS

APN: 72065-0000-6