NOT LISTED FOR SALE

350 S Polk Dr Unit 504 Sarasota, FL 34236

Lido Key Neighborhood

Estimated Value: $811,960 - $1,109,000

3 Beds
2 Baths
1,396 Sq Ft
$528/mo HOA Fee

Last Sold July 30, 2018

Last sale price $482,500 $346 Per Sq Ft

Est. 90% increase in value since last sale

Current estimated payment $6,222/month

220 Days on Market

Highlights

  • Beach View
  • Water access To Gulf or Ocean
  • Heated In Ground Pool
  • Southside Elementary School Rated A
  • Public Beach
  • Deck

About This Home

As of July 2018

EXCELLENT OPPORTUNITY ON A RARE FIND! 3 BEDROOM PENTHOUSE ON LIDO KEY WITH GULF VIEWS AND UNDER $500,000! Don’t wait to take advantage of this unique, 3BD/2BA home located walking distance to St. Armands Circle and Lido Beach with views that stretch to the north and to the south from your dual lanais. This is the only 3 bedroom residence in the building and it is centrally positioned within the buildings top floor. Renewed thru-out, 18” ceramic tile greets you at entry and on to the common areas as well as the guest bedrooms while wood flooring completes the sizable master suite. The kitchen remodel includes stainless steel appliances and granite tops. The master suite is bright with natural light and detailed with wood beam, slightly vaulted ceilings, favorably sized walk in closet, office nook and modernized bath. The 2nd bedroom offers Gulf views thru the walkout lanai access and the 3rd bedroom, with its’ pocket doors, is easily convertible for day to day use as a den when there are no visiting guests. Hunter Douglas windows shades, sufficient closet storage and underbuilding parking add to the attributes of this great property!

Last Agent to Sell the Property

Doug Parks

MICHAEL SAUNDERS & COMPANY License #3105565 Listed on: 11/20/2017

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Stellar Non-Member Agent

Stellar Non-Member Office

Stellar Non-Member Office

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,548

Year Built

  • Built in 1977

Lot Details

  • Public Beach

HOA Fees

  • $528 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • Beach
  • Partial Bay or Harbor
  • Canal

Home Design

  • Elevated Home
  • Slab Foundation
  • Shake Roof
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,396 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Security System Owned

Kitchen

  • Range
  • Dishwasher
  • Stone Countertops

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Pool

  • Heated In Ground Pool
  • Gunite Pool

Outdoor Features

  • Water access To Gulf or Ocean
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, insurance, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • Mid-Rise Condominium
  • Lido Shores Condos
  • Lido Shores Community
  • Lido Shores Subdivision
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,548

Year Built

Built in 1977

Lot Details

0

HOA Fees

$528 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Insurance, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1396
  • New Construction: No
  • Year Built: 1977
  • Building Area Total: 1676
  • Directions to Property: THRU ST. ARMANDS CIRCLE TOWARDS LIDO BEACH. LEFT ON S. POLK DRIVE TO LIDO SHORES. ADDITIONAL GUEST PARKING BEHIND BUILDING
  • Status: Sold
  • Street Direction: S
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4202257&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4202257&cview=true&show_results=true&customer_portal=true
  • Floor Number: 5
  • Homestead Y N: No
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Elevated, Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.97475
  • Price per Sq Ft: 345.63
  • Close to Original List Price Ratio: 0.81092
  • Ratio: Current Price\Building Area Total: 287.89
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 5
  • Window Features: Blinds
  • Street Number Modifier: 350
  • Room Count: 8
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Gunite, Heated, In Ground
  • Exterior Features: Lighting, Sliding Doors
  • Roof: Membrane, Shake
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Water View: Beach, Canal, Gulf/Ocean - Partial
  • Water Access: Beach - Public, Gulf/Ocean
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: No
  • Flood Zone Panel: 12115C0129F
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned, Underground
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Pool, Water Access
  • Association Amenities: Elevator(s), Laundry
  • Association: No
  • Security: Security System Owned, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1585
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 528
  • Complex Community Name NCCB: LIDO SHORES
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 6340
  • Total Monthly Fees: 528.33

Lot Info

  • Zoning: RMF3
  • Parcel Number: 2016053028
  • Additional Parcels: No
  • Millage Rate: 16.38
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No
  • Minimum Lease: 1 Month
  • Approval Process: FEE, APPLICATION, BACKGROUND CHECK
  • Num Timesper Year: 12
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: LENGTH AND TIMES PER YEAR

Tax Info

  • Tax Annual Amount: 6548
  • Tax Book Number: 10-29
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2017
Closed on
Jul 30, 2018
Sold by
Rosen Alec J and Rosen Silvia L
Bought by
Ripp Frank and Ripp Debra A
Seller's Agent
Doug Parks
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Stellar Non-Member Agent
Stellar Non-Member Office
List Price
$595,000
Sold Price
$482,500
Premium/Discount to List
-$112,500
-18.91%
Current Estimated Value
$914,490

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$431,990
Avg. Annual Appreciation
9.89%

Purchase Details

Closed on
Feb 16, 2010
Sold by
Brown Richard L
Bought by
Rosen Alec J and Rosen Silvia L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$260,000
Interest Rate
5.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 2008
Sold by
Brown Cecilia M
Bought by
Brown Richard L
Source: Public Records

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
Ripp Frank $482,500 Attorney
Rosen Alec J $380,000 None Available
Brown Richard L -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rosen Alec J $395,000
Previous Owner Rosen Alec J $260,000
Previous Owner Brown Cecilia M $87,050
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/30/2018 07/30/18 Sold $482,500 -2.5% $346 / Sq Ft
06/29/2018 06/29/18 Pending -- -- --
06/18/2018 06/18/18 Price Changed $495,000 -13.9% $355 / Sq Ft
04/09/2018 04/09/18 Price Changed $575,000 -3.4% $412 / Sq Ft
11/20/2017 11/20/17 For Sale $595,000 -- $426 / 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 $9,000 $575,924 -- --
2023 $9,000 $678,500 $0 $678,500
2022 $7,839 $552,300 $0 $552,300
2021 $6,956 $432,700 $0 $432,700
2020 $7,306 $443,500 $0 $443,500
2019 $7,556 $460,500 $0 $460,500
2018 $7,153 $437,100 $0 $437,100
2017 $6,548 $392,100 $0 $392,100
2016 $6,865 $392,100 $0 $392,100
2015 $6,848 $386,300 $0 $386,300
2014 $6,257 $327,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4202257

Stellar MLS

APN: 2016-05-3028