NOT LISTED FOR SALE

216 Magnolia Ave Unit A Anna Maria, FL 34216

Estimated Value: $894,000 - $2,291,000

3 Beds
2 Baths
1,642 Sq Ft
$933/Sq Ft Est. Value

Last Sold December 08, 2023

Last sale price $1,302,000 $793 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $10,136/month

59 Days on Market

Highlights

  • Open Floorplan
  • Corner Lot
  • 1 Car Attached Garage
  • Anna Maria Elementary School Rated A-
  • No HOA
  • Eat-In Kitchen

About This Home

As of December 2023

Auction Property. Excellent opportunity to own this Tropical Paradise just a short stroll to the pristine beaches on the north end of ANNA MARIA ISLAND! This Duplex is on an over-sized corner lot and features a bright and spacious 2BR 1BA unit with terrazzo flooring, open kitchen with corian counters and dining area, enclosed Florida room which could easily be used as a 3rd BR providing additional rental income, plus attached private 1 car garage with laundry. The second unit is a charming 1BR 1BA, corian counters in the kitchen with a bar top and eating space and terrazzo flooring throughout. The enormous backyard has a patio where you can relax, barbeque, catch some rays and indulge in the island lifestyle! This Duplex provides the potential to live in one unit and rent out the other, rent both units or explore the possibility with the City's Building Dept. per current FEMA guidelines for a condo or SFR conversion or tear down and build an elevated SFR on this huge 8,438 sq. ft. lot and design your own perfect piece of heaven! Each unit has its own electric meter and the water meter is shared. The Island of Anna Maria has NO RENTAL RESTRICTIONS and this amazing property is just 2 blocks to the quaint boutiques and local cuisine on Historic Pine Ave. Take in the sights and explore the entire island by bike, golf cart or hop on the FREE trolley and visit the beautiful sugar sand beaches, Rod & Reel Pier, Bayfront Park, art gallery, museum, community center or plan a fishing charter and soak up all the beauty of this magical island! Just 9 miles to Longboat Key and a 40 minute drive to the Sarasota/Bradenton airport and I-75. Don’t miss this fantastic chance to add this gem to your investment portfolio and embrace a laid back atmosphere and experience the Island Lifestyle! (AUCTION DATE: 10/22 - 10/25).

Last Agent to Sell the Property

Rose Brown

FUTURE HOME REALTY INC Brokerage Phone: 813-855-4982 License #3067158 Listed on: 08/31/2023

FUTURE HOME REALTY INC

Last Buyer's Agent

Jay Travis

RE/MAX ALLIANCE GROUP License #0690059

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,437

Year Built

  • Built in 1968

Lot Details

  • 8,438 Sq Ft Lot
  • Lot Dimensions are 97x87
  • Corner Lot

Parking

  • 1 Car Attached Garage
  • Garage Door Opener
  • Driveway

Home Design

  • Duplex
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,642 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Terrazzo Flooring
  • Laundry in Garage

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Manatee High School

Utilities

  • Central Heating and Cooling System
  • Thermostat

Additional Features

  • Outdoor Shower
  • Flood Zone Lot

Community Details

  • No Home Owners Association
  • 2 Units
  • Anna Maria Beach Community
  • Anna Maria Beach Subdivision

Listing and Financial Details

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,437

Year Built

Built in 1968

Lot Details

0

Parking

1

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1642
  • Lot Size Acres: 0.19
  • New Construction: No
  • Year Built: 1968
  • Lot Size Sq Ft: 8438
  • Directions to Property: HEAD WEST ON MANATEE AVE (SR 64) toward the Beaches. Turn RIGHT onto GULF DR., then RIGHT onto MARINA DR. to RIGHT onto MAGNOLIA AVE. Go 1 block and Duplex will be the CORNER LOT on your LEFT (corner of N. Shore Dr.)
  • Status: Sold
  • Ownership: Fee Simple
  • Escrow State: FL
  • List Office Head Office Key Nume: 1038452
  • RATIO Current Price By Calculate: 792.94
  • Total Acreage: 0 to less than 1/4
  • Unit Number YN: 0
  • Water Access YN: 0
  • Attribution Contact: 813-855-4982
  • Tax Year: 2022
  • Special Features: 5184

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Terrazzo
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Open Floorplan, Thermostat
  • Appliances Included: Dishwasher, Microwave, Range
  • Foundation Details: Slab
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 216
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 152.55

Exterior Features

  • Exterior Features: Outdoor Shower, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Paved
  • Disclosures: None
  • Water Extras YN: 0
  • Water View YN: 0
  • Waterfront Feet Total: 0

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener

Utilities

  • Utilities: Electricity Available, Sewer Available, Water Available
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: In Garage
  • Sewer: Public Sewer
  • Water Source: Public
  • Individually Metered: Electric

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association 2 YN: 0

Fee Information

  • Total Annual Fees: 0.00
  • Total Monthly Fees: 0.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Manatee High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R2
  • Parcel Number: 7016200159
  • Additional Parcels: No
  • Lot Features: Corner Lot, FloodZone, City Limits, Sidewalk, Paved
  • Lot Dimensions: 97x87
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 784

Green Features

  • Green Verification Count: 0

Multi Family

  • Number Of Units Total: 2
  • Total Num Buildings: 1
  • Unit Count: 2

Tax Info

  • Tax Annual Amount: 13437.1
  • Tax Block: 20
  • Tax Book Number: 1-211
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 31, 2023
Closed on
Dec 11, 2023
Sold by
Cwalt Inc Alternative Loan Tr and Bank Of New York
Bought by
216 Magnolia Ave Llc
Seller's Agent
Rose Brown
FUTURE HOME REALTY INC
Buyer's Agent
Jay Travis
RE/MAX ALLIANCE GROUP
List Price
$1,525,000
Sold Price
$1,302,000
Premium/Discount to List
-$223,000
-14.62%
Views
110
Current Estimated Value
$1,641,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$339,333
Avg. Annual Appreciation
15.43%
Original Mortgage
$930,000
Interest Rate
7.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2023
Sold by
Harpe Carey and Harpe James
Bought by
Cwalt Inc Alternative Loan

Purchase Details

Closed on
Feb 23, 2006
Sold by
Modis William E and Modis Janis S
Bought by
Harpe James and Harpe Carey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
6.08%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 25, 2002
Sold by
Modis William E and Modis Janis S
Bought by
Modis Janis S
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
216 Magnolia Ave Llc $1,302,000 None Listed On Document
Cwalt Inc Alternative Loan $1,000,100 --
Harpe James $700,000 Attorney
Modis Janis S -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 216 Magnolia Ave Llc $3,650,000
Closed 216 Magnolia Ave Llc $930,000
Previous Owner Harpe James $70,000
Previous Owner Harpe James $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2023 12/08/23 Sold $1,302,000 -12.3% $793 / Sq Ft
10/30/2023 10/30/23 Pending -- -- --
10/11/2023 10/11/23 Price Changed $1,485,000 -2.6% $904 / Sq Ft
08/31/2023 08/31/23 For Sale $1,525,000 -- $929 / 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 $13,801 $943,871 $943,871 --
2023 $16,737 $1,488,198 $943,871 $544,327
2022 $13,437 $1,049,529 $572,877 $476,652
2021 $10,814 $745,106 $515,682 $229,424
2020 $10,348 $690,582 $470,365 $220,217
2019 $9,832 $667,269 $443,487 $223,782
2018 $9,305 $634,361 $443,487 $190,874
2017 $8,265 $606,127 $0 $0
2016 $7,728 $550,716 $0 $0
2015 $5,995 $636,870 $0 $0
2014 $5,995 $368,773 $0 $0
2013 $5,206 $289,495 $236,500 $52,995
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8211360

Stellar MLS

APN: 70162-0015-9