NOT LISTED FOR SALE

250 Sands Point Rd Unit 5206 Longboat Key, FL 34228

Estimated Value: $531,935

1 Bed
1 Bath
640 Sq Ft
$709/mo HOA Fee

Last Sold April 24, 2018

Last sale price $310,000 $484 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $4,105/month

4 Days on Market

Highlights

  • Waterfront Community
  • Water access To Gulf or Ocean
  • Gated Community
  • Southside Elementary School Rated A
  • Fitness Center
  • Golf Course View

About This Home

As of April 2018

Discover a lifestyle of sun, sand and serenity on the Gulf-side of Longboat Key, in the “Four Diamond Resort” of Inn on the Beach. This elegant, charming club suite is the lowest priced residence in the community and features a lovely view of the Islandside golf course from its private balcony. Imagine walking to the beach from your private getaway, or staying close to home to tee off on the golf course, relax in the spa, feel energized in the fitness center or dine in one of the five on-site restaurants. Also within easy reach is St. Armands Circle, with its cultured cuisine and boutique shopping. Leave winter behind and enjoy the Longboat lifestyle from your very own getaway. Investors will be pleased to know this property provides great rental income.

Last Agent to Sell the Property

Tom Cinquegrano

MICHAEL SAUNDERS & COMPANY License #0323798 Listed on: 03/09/2018

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Mark Scallen

ALLEN REAL ESTATE SERVICES INC License #3328282

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,528

Year Built

  • Built in 1982

Lot Details

  • East Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $709 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Slab Foundation
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 640 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Thermal Windows
  • Blinds
  • Rods
  • Sliding Doors
  • Inside Utility
  • Dryer
  • Golf Course Views

Kitchen

  • Cooktop with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • Subterranean Parking
  • Open Parking

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Deck
  • Covered Patio or Porch

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities
  • 221 Units
  • Mid-Rise Condominium
  • Inn On The Beach Ph II Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Elevator

Recreation

  • Waterfront Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Gated Community
  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,528

Year Built

Built in 1982

Lot Details

0

HOA Fees

$709 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 640
  • New Construction: No
  • Year Built: 1982
  • Building Area Total: 640
  • Directions to Property: From St Armands Cir go North on Gulf of Mexico Drive to Longboat Key Club Road, Take left to the Resort at Longboat Key Club Entrance, first left after guard gate, Inn on the Beach
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4212980&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4212980&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: 941-308-7777
  • Ratio: Close Price\List Price: 1
  • Price per Sq Ft: 484.38
  • Close to Original List Price Ratio: 1
  • Ratio: Current Price\Building Area Total: 484.38
  • 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: Open Floorplan, Solid Surface Counters, Window Treatments
  • Appliances Included: Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Microwave Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Rods, Thermal Windows, Window Treatments
  • Street Number Modifier: 250
  • Room Count: 4
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Other Structures: Tennis Court(s)
  • Exterior Features: Sliding Doors, Tennis Court(s)
  • Roof: Membrane
  • Pool Private: No
  • View: Golf Course
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Water Access: Beach - Access Deeded, Gulf/Ocean
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0129F
  • Disclosures: Condominium Disclosure Available

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Gated, Recreation Facilities, Security, Tennis Court(s)
  • Association: No
  • Security: Fire Sprinkler System, Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 2126
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 709
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8504
  • Total Monthly Fees: 708.67

Lot Info

  • Zoning: GPD
  • Parcel Number: 0013042049
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, FloodZone
  • 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: Please see Condominium Documents for Rental Restrictions (or Guidelines)
  • Num Timesper Year: 365
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see Condominium Documents for Rental Restrictions (or Guidelines)

Multi Family

  • Number Of Units Total: 221

Tax Info

  • Tax Annual Amount: 3528
  • Tax Book Number: 19-25
  • Tax Lot: na

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2018
Closed on
Apr 24, 2018
Sold by
Levine Joan and The Joan Levine Revocable Trus
Bought by
Equity Froperties Limited
Seller's Agent
Tom Cinquegrano
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Mark Scallen
ALLEN REAL ESTATE SERVICES INC
List Price
$310,000
Sold Price
$310,000
Current Estimated Value
$531,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$221,935
Avg. Annual Appreciation
7.55%

Purchase Details

Closed on
Feb 17, 2016
Sold by
Zakovec James
Bought by
Levine Joan

Purchase Details

Closed on
Mar 7, 2005
Sold by
Giorgi Dominick A and Giorgi Virginia
Bought by
Zakovec James

Purchase Details

Closed on
Mar 5, 2003
Sold by
Saban Jose
Bought by
Giorgi Dominick A and Giorgi Virginia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
5.89%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 31, 1995
Sold by
Saban Jose and Saban Clara V
Bought by
Clara V Saban Living Tr
Source: Public Records

Range of Values:

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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 Froperties Limited $310,000 Attorney
Levine Joan $270,000 Attorney
Zakovec James $280,000 --
Giorgi Dominick A $175,000 --
Clara V Saban Living Tr -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jvr Investments Llc $2,500,000
Previous Owner Giorgi Dominick A $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2018 04/24/18 Sold $310,000 0.0% $484 / Sq Ft
03/14/2018 03/14/18 Pending -- -- --
03/09/2018 03/09/18 For Sale $310,000 -- $484 / 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 $7,041 $412,610 -- --
2023 $6,207 $543,600 $0 $543,600
2022 $5,243 $416,300 $0 $416,300
2021 $5,674 $473,600 $0 $473,600
2020 $3,591 $236,000 $0 $236,000
2019 $3,662 $247,000 $0 $247,000
2018 $3,424 $229,000 $0 $229,000
2017 $3,528 $237,000 $0 $237,000
2016 $3,402 $224,000 $0 $224,000
2015 $3,279 $210,000 $0 $210,000
2014 $3,125 $179,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tom Cinquegrano

    Seller's Agent in 2018

    Tom Cinquegrano

    Michael Saunders

    (941) 284-5049

    7 in this area

    76 Total Sales

    Tom Cinquegrano
    Section Image

  • M

    Buyer's Agent in 2018

    Mark Scallen

    ALLEN REAL ESTATE SERVICES INC

    (941) 586-2444

    5 in this area

    16 Total Sales

    Mark Scallen
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4212980

Stellar MLS

APN: 0013-04-2049

Florida Sarasota County Longboat Key 34228

250 Sands Point Rd Unit 5206, Longboat Key, FL

This home is located at 250 Sands Point Rd Unit 5206, Longboat Key, FL 34228 since 09 March 2018 and is currently estimated at $531,935, approximately $831 per square foot. This property was built in 1982. 250 Sands Point Rd Unit 5206 is a home located in Sarasota County with nearby schools including Southside Elementary School and Booker Middle School.

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.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



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

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