NOT LISTED FOR SALE

225 Sands Point Rd Unit 7103 Longboat Key, FL 34228

Estimated Value: $539,597

1 Bed
1 Bath
642 Sq Ft
$675/mo HOA Fee

Last Sold May 01, 2018

Last sale price $320,000 $498 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $4,154/month

1,507 Days on Market

Highlights

  • Access To Lagoon or Estuary
  • Public Beach
  • Indoor Pool
  • Southside Elementary School Rated A
  • Property Fronts a Bay or Harbor
  • Home fronts a lagoon or estuary

About This Home

As of May 2018

Located just minutes from St. Armands Circle, downtown Sarasota, and countless other attractions along Florida's Gulf Coast, The Resort at Longboat Key provides the ultimate, exclusive beach lifestyle for residents and guests. This award-winning, world-renowned resort offers a plethora of amenities, for example: gorgeous beaches; a beachfront pool area, complete with poolside dining; six restaurants; a 10-room spa (facials, massages, body treatments, and additional services are available); a deep-water marina with 291 slips; 45 picturesque golf holes; 20 Har-Tru tennis courts; a state-of-the-art fitness center; and dedicated concierge service. Unit #7103 is superbly furnished and features an impressive lagoon view. The unit has been updated with granitecountertops in the kitchen and bathroom, crown molding, and tile on the balcony. This unit is currently a part of the resort's professionally-managed rental program. Schedule an appointment today, and experience the preeminent Florida beachfront lifestyle for yourself!

Last Agent to Sell the Property

James Buchanan

JAMES BUCHANAN REALTY License #3160009 Listed on: 02/07/2014

Last Buyer's Agent

Mark Scallen

ALLEN REAL ESTATE SERVICES INC License #3328282

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,736

Year Built

  • Built in 1983

Lot Details

  • Home fronts a lagoon or estuary
  • Property Fronts a Bay or Harbor
  • Public Beach

HOA Fees

  • $675 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 642 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Window Treatments
  • Sliding Doors
  • Full Bay or Harbor Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • Subterranean Parking
  • Open Parking

Outdoor Features

  • Indoor Pool
  • Access To Lagoon or Estuary
  • Balcony
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, escrow reserves fund, insurance, maintenance structure, maintenance repairs, manager, pest control, trash
  • Inn On The Beach Community
  • Inn On The Beach Ph III Subdivision

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,736

Year Built

Built in 1983

Lot Details

0

HOA Fees

$675 per month

Listing Details

  • HOA Fee Includes: Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Repairs, Manager, Pest Control, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 642
  • New Construction: No
  • Year Built: 1983
  • Directions to Property: N on Gulf of Mexico Dr, turn left at 1st traffic light into Longboat Key Club (Island Side), Turn left on Sands Point Rd to destination
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3992446&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A3992446&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Home Warranty Y N: No
  • Subdivision Num: 7762
  • Ratio: Close Price\List Price: 0.97264
  • Price per Sq Ft: 498.44
  • Close to Original List Price Ratio: 0.91691
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 3
  • Window Features: Window Treatments
  • Street Number Modifier: 225
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Indoor
  • Exterior Features: Balcony, Sliding Doors
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial
  • Water Access: Beach - Public, Lagoon
  • Water View Y N: Yes
  • Water Access Y N: Yes

Garage/Parking

  • Parking Features: Open, Underground
  • Open Parking: Yes

Utilities

  • Utilities: Cable Available, Electricity Connected, Fire Hydrant, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 2026
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Senior Community: No
  • Condo Fees Term: Quarterly
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 8104
  • Monthly HOA Fee: 675.33
  • Total Monthly Fees: 675.33

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013043020
  • Additional Parcels: No
  • Millage Rate: 15.19
  • Future Land Use: 3904
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No

Tax Info

  • Tax Annual Amount: 3736
  • Tax Book Number: 0021/0007

Multi Family

  • Waterfront Features: Bay/Harbor, Lagoon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2014
Closed on
May 1, 2018
Sold by
V B Investments Inc
Bought by
Equity Properites Limited
Seller's Agent
James Buchanan
JAMES BUCHANAN REALTY
Buyer's Agent
Mark Scallen
ALLEN REAL ESTATE SERVICES INC
List Price
$349,000
Sold Price
$320,000
Premium/Discount to List
-$29,000
-8.31%
Current Estimated Value
$539,597

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$219,597
Avg. Annual Appreciation
7.22%

Purchase Details

Closed on
Jul 31, 2006
Sold by
Oakton Kostner Corp
Bought by
V B Investments Inc

Purchase Details

Closed on
May 25, 2005
Sold by
Freedman Steven and Freedman Steven P
Bought by
Karacic Joseph J and Karacic Barbara L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 28, 2004
Sold by
Spe #4 Llc
Bought by
Oakton Kostner Corp

Purchase Details

Closed on
Feb 6, 2004
Sold by
Shapiro Stephen J
Bought by
S P E 4 L L C

Purchase Details

Closed on
Oct 3, 2003
Sold by
Scher Paul R
Bought by
Shapiro Stephen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,500
Interest Rate
6.28%
Mortgage Type
Commercial

Purchase Details

Closed on
May 19, 1997
Sold by
Sorenson John A and Sorenson Eileen C
Bought by
Scher Paul R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
8.17%
Mortgage Type
Commercial
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
Equity Properites Limited $320,000 Attorney
V B Investments Inc $435,000 None Available
Karacic Joseph J $449,000 --
Oakton Kostner Corp $284,600 --
S P E 4 L L C -- --
S P E 4 L L C -- --
Shapiro Stephen J $250,000 --
Scher Paul R $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Karacic Joseph J $400,000
Previous Owner Shapiro Stephen J $187,500
Previous Owner Scher Paul R $85,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2018 05/01/18 Sold $320,000 -2.7% $498 / Sq Ft
03/26/2018 03/26/18 Pending -- -- --
10/13/2017 10/13/17 Price Changed $329,000 -5.7% $512 / Sq Ft
02/07/2014 02/07/14 For Sale $349,000 -- $544 / 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 $7,696 $404,757 -- --
2023 $6,787 $614,600 $0 $614,600
2022 $5,730 $470,700 $0 $470,700
2021 $5,939 $491,100 $0 $491,100
2020 $3,680 $229,000 $0 $229,000
2019 $3,740 $239,000 $0 $239,000
2018 $3,631 $230,000 $0 $230,000
2017 $3,736 $238,000 $0 $238,000
2016 $3,545 $225,000 $0 $225,000
2015 $3,184 $211,000 $0 $211,000
2014 $2,819 $174,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    James Buchanan

    JAMES BUCHANAN REALTY

    (941) 376-0064

    3 in this area

    11 Total Sales

    James Buchanan
    Section Image

  • M

    Buyer's Agent in 2018

    Mark Scallen

    ALLEN REAL ESTATE SERVICES INC

    (941) 586-2444

    5 in this area

    15 Total Sales

    Mark Scallen
    Section Image
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Map

Source: Stellar MLS

MLS Number: A3992446

Stellar MLS

APN: 0013-04-3020

Florida Sarasota County Longboat Key 34228

225 Sands Point Rd Unit 7103, Longboat Key, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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