NOT LISTED FOR SALE

225 Sands Point Rd Unit 7203 Longboat Key, FL 34228

Estimated Value: $477,327

1 Bed
1 Bath
642 Sq Ft
$708/mo HOA Fee

Last Sold May 01, 2018

Last sale price $277,000 $431 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $3,938/month

76 Days on Market

Highlights

  • 1,000 Feet of Waterfront
  • Golf Course Community
  • Private Beach
  • Southside Elementary School Rated A
  • Water access To Gulf or Ocean To Bay
  • Heated Indoor Pool

About This Home

As of May 2018

Gorgeous tropical lagoon waterfront views! Florida lifestyle at its finest in this 1BR/1BA club suite located in the exclusive Longboat Key Club & Resort. Offered Turnkey furnished and ready for immediate occupancy. Enjoy included amenities of private beach and resort pool. This residence is not in the hotel rental program. Conveniently located only minutes from St. Armands Key shopping and dining, boating, and all of the arts and culture of downtown Sarasota has to offer!

Last Agent to Sell the Property

Bruce Myer

COLDWELL BANKER REALTY License #0342109 Listed on: 01/16/2018

COLDWELL BANKER REALTY

Last Buyer's Agent

Mark Scallen

ALLEN REAL ESTATE SERVICES INC License #3328282

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,867

Year Built

  • Built in 1983

Lot Details

  • Home fronts a lagoon or estuary
  • 1,000 Feet of Waterfront
  • Property fronts a private road
  • Private Beach
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $708 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Block Exterior

Interior Spaces

  • 642 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • Crown Molding
  • Blinds
  • Sliding Doors
  • Lagoon Views

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Subterranean Parking
  • Open Parking

Pool

  • Heated Indoor Pool
  • Saltwater Pool
  • Spa

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Access To Lagoon or Estuary
  • No Fixed Bridges
  • Rip-Rap
  • Balcony
  • Deck
  • Covered patio or porch

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, insurance, maintenance structure, ground maintenance, manager, recreational facilities, sewer, trash, water
  • Mid-Rise Condominium
  • Inn On The Beach Community
  • Inn On The Beach Ph Iii Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions

Amenities

  • Elevator

Recreation

  • Golf Course Community
  • Community Pool
  • Community Spa

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,867

Year Built

Built in 1983

Lot Details

0

HOA Fees

$708 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 642
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 642
  • Directions to Property: Gulf of Mexico Dr to Longboat Key Club entrance, first left after guard gate. Building is on the left.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4207139&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4207139&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.92642
  • Price per Sq Ft: 431.46
  • Close to Original List Price Ratio: 0.92642
  • Ratio: Current Price\Building Area Total: 431.46
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 1
  • Interior Amenities: Crown Molding, Open Floorplan
  • Appliances Included: Dishwasher, Disposal, Dryer, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Yn: Yes
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 225
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Heated, Indoor, Salt Water
  • Exterior Features: Balcony, Irrigation System, Sliding Doors
  • Roof: Other
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water View: Lagoon
  • Water Access: Beach - Private, Gulf/Ocean to Bay, Lagoon
  • Water Extras: Bridges - No Fixed Bridges, Riprap, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0129F
  • Waterfront Frontage: 1000
  • Water Frontage Feet Lagoon: 500
  • Water Frontage Feet Beach Prvt: 500

Garage/Parking

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

Utilities

  • Utilities: Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Gated Community, Golf, Pool, Water Access, Waterfront Complex
  • Association Amenities: Elevator(s), Gated, Maintenance, Security, Spa/Hot Tub
  • Association: No
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2125
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 708
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8500
  • Total Monthly Fees: 708.33

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013043026
  • Additional Parcels: No
  • Lot Features: Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: APPLICATION AND FEE
  • Lease Restrictions Y N: No
  • Additional Lease Restrictions: 1-7 DAYS OR MORE

Tax Info

  • Tax Annual Amount: 3867
  • Tax Book Number: 21-7
  • Tax Lot: 7203

Multi Family

  • Waterfront Features: Beach - Private, Lagoon

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 16, 2018
Closed on
May 1, 2018
Sold by
Bailly Franker Jacquline
Bought by
Equity Properties Limited
Seller's Agent
Bruce Myer
COLDWELL BANKER REALTY
Buyer's Agent
Mark Scallen
ALLEN REAL ESTATE SERVICES INC
List Price
$299,000
Sold Price
$277,000
Premium/Discount to List
-$22,000
-7.36%
Current Estimated Value
$477,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$200,327

Purchase Details

Closed on
Sep 1, 2010
Sold by
Gethin Ivan and Gethin Anne
Bought by
Bailly Jacqueline

Purchase Details

Closed on
Jul 23, 2004
Sold by
Dordel Doris and Maceikonis Vytas
Bought by
Gethin Ivan William and Gethin Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.75%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 1997
Sold by
Barsky Ira P
Bought by
Dordel Doris and Maceikonis Vytas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
7.98%
Mortgage Type
Commercial
Source: Public Records

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Range of Values:

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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 Properties Limited $277,000 Attorney
Bailly Jacqueline $200,000 Attorney
Gethin Ivan William $245,000 Lawyers Title Insurance Corp
Dordel Doris $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jvr Investments Llc $2,500,000
Previous Owner Gethin Ivan William $183,750
Previous Owner Dordel Doris $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2018 05/01/18 Sold $277,000 -7.4% $431 / Sq Ft
04/03/2018 04/03/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $299,000 0.0% $466 / Sq Ft
02/19/2018 02/19/18 Pending -- -- --
01/16/2018 01/16/18 For Sale $299,000 -- $466 / 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 $6,856 $438,298 -- --
2023 $6,856 $620,700 $0 $620,700
2022 $5,773 $475,400 $0 $475,400
2021 $5,992 $498,500 $0 $498,500
2020 $3,814 $251,000 $0 $251,000
2019 $3,880 $262,000 $0 $262,000
2018 $3,760 $252,000 $0 $252,000
2017 $3,867 $259,545 $0 $0
2016 $3,658 $246,000 $0 $246,000
2015 $3,470 $230,000 $0 $230,000
2014 $3,071 $190,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4207139

Stellar MLS

APN: 0013-04-3026