NOT LISTED FOR SALE

2840 W Gulf Dr Unit 38 Sanibel, FL 33957

Estimated Value: $321,641 - $447,000

2 Beds
2 Baths
933 Sq Ft
$639/mo HOA Fee

Last Sold April 26, 2023

Last sale price $320,000 $343 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $2,846/month

28 Days on Market

Highlights

  • Outdoor Pool
  • Garden View
  • High Impact Windows
  • Sanibel Elementary School Rated A-
  • Tennis Courts
  • Cooling Available

About This Home

As of April 2023

This is your chance to get a great rental property on Sanibel Island! The unit is a short stroll to the community pool and tennis. There is deeded beach access to Sanibel's acclaimed beaches. Three day rentals are allowed and there is on-site rental management. The property was flooded and will be restored with appliances, flooring and cabinets. The association has contracted for the restoration which is estimated to take a year. The assessment for this work has not been approved yet but is projected to be $100,000 - $150,000 per unit. Additional photos added once drywall removed from unit.

Last Agent to Sell the Property

Sarah Ashton

Keller Williams Realty Fort Myers and the Islands License #3067720 Listed on: 02/25/2023

Keller Williams Realty Fort Myers and the Islands

Co-Listed By

Christopher Kirchner

Keller Williams Realty Fort Myers and the Islands License #3304188

Last Buyer's Agent

OTHER OTHER

Other

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,458

Year Built

  • Built in 1975

Lot Details

  • 4,356

HOA Fees

  • $639 Monthly HOA Fees

Parking

  • Assigned Parking

Interior Spaces

  • 933 Sq Ft Home
  • Garden Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Additional Features

  • Outdoor Pool
  • Cooling Available

Listing and Financial Details

  • $200 Application Fee
  • Assessor Parcel Number 34-46-22-T2-01206.0380

Community Details

Overview

  • Association fees include cable TV, exterior main/repair, insurance bldg, internet, landscape/lawn
  • Seashells Of Sanibel Association, Phone Number (239) 471-4634
  • Seashells Of Sanibel Community

Amenities

  • Community Barbecue Grill
  • Community Storage Space

Recreation

  • Tennis Courts
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,458

Year Built

Built in 1975

Lot Details

0

HOA Fees

$639 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Legal Description: THE SEASHELLS OF SANIBEL OR 1136 PG 1488 APT 38
  • Strap Number: 34-46-22-T2-01206.0380
  • Subject To F I R P T A: No
  • Year Built: 1975
  • Level: 1
  • Pet Limits: Owners only - 2 pets no weight limit
  • Pets: Allowed
  • Folio Id: 10024017
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 342.98
  • Total Sq Ft: 993
  • Appliances: See Remarks
  • Estimated Living Sq Ft: 933
  • Bathrooms: 2
  • Bathrooms Display: 2/0
  • Bedrooms: 2
  • Ceiling: See Remarks
  • Den: No
  • Fireplace: No
  • Flooring: See Remarks
  • Furnished: No
  • Furnishing: Unfurnished
  • Windows: Impact Resistant Windows

Exterior Features

  • Misc Exterior: See Remarks
  • Waterfront: None/Not Applicable
  • Waterfront: No
  • Coastal Construction: Not Applicable
  • Pool: Yes
  • View: Lawn/Garden

Garage/Parking

  • Parking: Assigned

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: See Remarks
  • Heating: See Remarks
  • Security: None/Not Applicable

Condo/Co-op/Association

  • Association Fees Disp: Y - $639/M
  • Association Fee: 639
  • Association Fee Period: Monthly
  • Association Right Of Refusal: No
  • Association Management: Seashells of Sanibel
  • Management Company Phone: 239-471-4634
  • Condo Amenities: Grills, Pool, Rental Office on Site, Separate Storage, Tennis Court(s)
  • Condo Name: Seashells Of Sanibel
  • Fees Include: Cable TV, Exterior Main/Repair, Insurance Bldg, Internet, Landscape/Lawn
  • Govern Bodies: Condo Association
  • HOA: Yes
  • Master Association Disp: $/
  • Members Right Of Refusal: No

Lot Info

  • Geo Update Timestamp: 2023-02-25
  • Geo Address Line: 2840 W Gulf Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16

Rental Info

  • Application Fee: 200
  • Application Required: Yes
  • Rent History: Over $40,000 per year
  • Rent Phone: 239-472-4634
  • Rent Type: Weekly

Tax Info

  • Tax Amount: 4458
  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2023
Closed on
Apr 26, 2023
Sold by
Houser Edward A and Houser Kelli D
Bought by
Meador Garnett R
Seller's Agent
Sarah Ashton
Keller Williams Realty Fort Myers and the Islands
Buyer's Agent
OTHER OTHER
Other
List Price
$415,000
Sold Price
$320,000
Premium/Discount to List
-$95,000
-22.89%
Views
84
Current Estimated Value
$399,160

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$79,160
Avg. Annual Appreciation
9.82%

Purchase Details

Listed on
May 1, 2017
Closed on
Jun 22, 2017
Sold by
Kane Jeremy A and Colley Blanaid
Bought by
Houser Edward A and Lucas Kelli D
Seller's Agent
Records Transfer
John R. Wood Properties
Buyer's Agent
Sarah Ashton
Keller Williams Realty Fort Myers and the Islands
List Price
$349,000
Sold Price
$345,000
Premium/Discount to List
-$4,000
-1.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.28%
Original Mortgage
$136,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 19, 2014
Closed on
Dec 2, 2014
Sold by
Powell Donald W
Bought by
Kane Jeremy A and Colley Blanaid
Seller's Agent
Gee Listing Transfers
John Gee and Company Inc.
Buyer's Agent
Sarah Ashton
Keller Williams Realty Fort Myers and the Islands
List Price
$299,000
Sold Price
$279,000
Premium/Discount to List
-$20,000
-6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.61%

Purchase Details

Closed on
Dec 2, 2005
Sold by
Chapin Herbert A and Chapin Joyce L
Bought by
Powell Donald W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 28, 2000
Sold by
Mccullough Jerry H and Mccullough Barbara G
Bought by
Chapin Herbert A and Chapin Joyce L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.9%

Purchase Details

Closed on
Jun 10, 1999
Sold by
Lerner Aime
Bought by
Mccullough Jerry H and Mccullough Barbara G

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
7.04%
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
Meador Garnett R $320,000 Superior Title Services
Houser Edward A $345,000 Title Of Florida Inc
Kane Jeremy A $279,000 Superior Title Services Of S
Powell Donald W $405,000 Realty Title Services Of San
Chapin Herbert A $250,000 --
Mccullough Jerry H $200,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Houser Edward A $136,000
Previous Owner Kane Jeremy A $80,000
Previous Owner Powell Donald W $324,000
Previous Owner Chapin Herbert A $142,000
Previous Owner Chapin Herbert A $147,950
Previous Owner Chapin Herbert A $150,000
Previous Owner Mccullough Jerry H $160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2023 04/26/23 Sold $320,000 -22.9% $343 / Sq Ft
03/25/2023 03/25/23 Pending -- -- --
02/25/2023 02/25/23 For Sale $415,000 +20.3% $445 / Sq Ft
06/28/2017 06/28/17 Sold $345,000 -1.1% $370 / Sq Ft
05/29/2017 05/29/17 Pending -- -- --
05/01/2017 05/01/17 For Sale $349,000 +25.1% $374 / Sq Ft
12/02/2014 12/02/14 Sold $279,000 -6.7% $318 / Sq Ft
10/30/2014 10/30/14 Pending -- -- --
10/19/2014 10/19/14 For Sale $299,000 -- $341 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

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 $592 $37,315 -- $37,315
2023 $592 $39,983 $0 $39,983
2022 $5,254 $343,661 $0 $0
2021 $4,458 $312,419 $0 $312,419
2020 $4,458 $308,465 $0 $308,465
2019 $4,085 $280,203 $0 $280,203
2018 $4,173 $280,203 $0 $280,203
2017 $4,307 $282,625 $0 $282,625
2016 $4,090 $263,612 $0 $263,612
2015 $3,884 $243,700 $0 $243,700
2014 -- $230,300 $0 $230,300
2013 -- $206,600 $0 $206,600
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2230285

Sanibel & Captiva Islands Association of REALTORS®

APN: 34-46-22-T2-01206.0380