NOT LISTED FOR SALE

409 E Gulf Dr Unit C3 Sanibel, FL 33957

Estimated Value: $219,000 - $359,000

1 Bed
1 Bath
600 Sq Ft
6,316 Sq Ft Lot

Last Sold September 10, 2020

Last sale price $235,000 $392 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $1,616/month

152 Days on Market

Highlights

  • Community Beach Access
  • Furnished
  • Porch
  • Sanibel Elementary School Rated A-
  • Community Pool
  • Screened Patio

About This Home

As of September 2020

Rare Offering!! These condos do not come up often. This is a lovely 1 bedroom, 1 bath with screened lanai. New laminate flooring throughout and very nicely furnished. The large screened lanai overlooks lush vegetation and provides plenty of privacy. Owners may have pets – no weight limit. Nightly rentals with an on-site rental manager. The location is terrific – just a football field’s length to the beautiful beaches of Sanibel. This east end location is one of the most convenient spots on the Island. Great rental income too – this unit did over 32,000 in 2019. A terrific condo – a terrific value!

Last Agent to Sell the Property

Lynda Traverso

VIP Realty Sanibel and Captiva License #280500085 Listed on: 03/11/2020

VIP Realty Sanibel and Captiva

Last Buyer's Agent

Susan McCallion

McCallion & McCallion License #280596767

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,334

Year Built

  • Built in 1968

Lot Details

  • 6,316

Parking

  • Common or Shared Parking

Home Design

  • Entry on the 2nd floor
  • Wood Frame Construction
  • Built-Up Roof

Interior Spaces

  • 600 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Ceiling Fan
  • Sliding Windows
  • Combination Dining and Living Room
  • Laminate Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower

Home Security

Outdoor Features

  • Screened Patio
  • Outdoor Storage
  • Porch

Additional Features

  • North Facing Home
  • Central Heating and Cooling System

Listing and Financial Details

  • Legal Lot and Block 3 / 2300
  • Assessor Parcel Number 20-46-23-T3-02300.0030

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include management, cable TV, laundry, ground maintenance, pest control, recreation facilities, sewer, trash, water
  • 36 Units
  • Association Phone (239) 472-5151
  • Low-Rise Condominium
  • Colonnades Condo Subdivision

Recreation

  • Community Beach Access
  • Community Pool

Pet Policy

  • Call for details about the types of pets allowed

Additional Features

  • Community Storage Space
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,334

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.145
  • Road Surface Type: Paved
  • Ownership: Condo
  • Subdivision Name: COLONNADES CONDO
  • Directions: Left at 4-way stop. Right on East Gulf Drive. Colonnades on left after first curve.
  • Architectural Style: Garden Home, Other, Low Rise
  • Carport Y N: No
  • Entry Level: 2
  • Garage Yn: No
  • Structure Type: Low Rise
  • Year Built: 1968
  • ResoBuildingAreaSource: SeeRemarks
  • Property Sub Type Additional: Condominium
  • Special Features: VirtualTour

Interior Features

  • Furnished: Furnished
  • Private Spa: No
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Laminate
  • Interior Amenities: Living/Dining Room, Tub Shower
  • Living Area: 600.0
  • Stories: 2
  • Window Features: Sliding, Window Coverings
  • ResoLivingAreaSource: SeeRemarks

Exterior Features

  • Lot Features: See Remarks
  • Pool Features: Community
  • Pool Private: No
  • View: Landscaped
  • Waterfront Features: None
  • Waterfront: No
  • Construction Type: See Remarks, Wood Frame
  • Direction Faces: North
  • Exterior Features: Storage
  • Patio And Porch Features: Porch, Screened
  • Property Condition: Resale
  • Roof: Built-Up, Flat

Garage/Parking

  • Parking Features: Common

Utilities

  • Security: None, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Condo Hotel Community, Near Hotel/Motel
  • Amenities: Beach Rights, Beach Access, Pool, Storage
  • Phone: 239-472-5151
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Cable TV, Laundry, Maintenance Grounds, Pest Control, Recreation Facilities, Sewer, Trash, Water

Lot Info

  • Parcel #: 20-46-23-T3-02300.0030
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 36

Tax Info

  • Tax Annual Amount: 2334.0
  • Tax Block: 2300
  • Tax Lot: 3
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 11, 2020
Closed on
Sep 10, 2020
Sold by
Ball Michael Anthony and Ball Erika K
Bought by
Coffin Heather L and Coffin Chad J
Seller's Agent
Lynda Traverso
VIP Realty Sanibel and Captiva
Buyer's Agent
Susan McCallion
McCallion & McCallion
List Price
$271,000
Sold Price
$235,000
Premium/Discount to List
-$36,000
-13.28%
Current Estimated Value
$302,361

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,361
Avg. Annual Appreciation
5.05%
Original Mortgage
$188,000
Outstanding Balance
$167,508
Interest Rate
3.12%
Mortgage Type
New Conventional
Estimated Equity
$134,853

Purchase Details

Listed on
Dec 8, 2017
Closed on
Feb 12, 2018
Sold by
Hunt Terry G and Hunt Connie D
Bought by
Ball Michael Anthony and Ball Erika K
Seller's Agent
Lynda Traverso
VIP Realty Sanibel and Captiva
Buyer's Agent
Lynda Traverso
List Price
$225,000
Sold Price
$225,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.70%
Original Mortgage
$180,000
Interest Rate
1%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 14, 1998
Sold by
Sullivan Mathilde W
Bought by
Hunt Terry G and Hunt Connie D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.16%
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
Coffin Heather L $235,000 Warranty Title Solutions
Ball Michael Anthony $225,000 Superior Title Services Of S
Hunt Terry G $87,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Coffin Heather L $188,000
Previous Owner Ball Michael Anthony $180,000
Previous Owner Hunt Terry G $67,950
Previous Owner Hunt Terry G $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/10/2020 09/10/20 Sold $235,000 -13.3% $392 / Sq Ft
08/11/2020 08/11/20 Pending -- -- --
03/11/2020 03/11/20 For Sale $271,000 +20.4% $452 / Sq Ft
02/12/2018 02/12/18 Sold $225,000 0.0% $375 / Sq Ft View Prior Sale
01/13/2018 01/13/18 Pending -- -- --
12/08/2017 12/08/17 For Sale $225,000 -- $375 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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
2025 $365 $24,575 -- $24,575
2024 $365 $24,575 -- $24,575
2023 $404 $26,950 $0 $26,950
2022 $3,056 $207,456 $0 $0
2021 $2,698 $188,596 $0 $188,596
2020 $2,674 $186,533 $0 $186,533
2019 $2,432 $166,345 $0 $166,345
2018 $2,496 $167,153 $0 $167,153
2017 $2,541 $166,345 $0 $166,345
2016 $2,392 $156,036 $0 $156,036
2015 $2,206 $138,100 $0 $138,100
2014 $2,076 $128,800 $0 $128,800
2013 -- $119,800 $0 $119,800
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Lynda Traverso

    VIP Realty Sanibel and Captiva

    Section Image

  • S

    Buyer's Agent in 2020

    Susan McCallion

    McCallion & McCallion

    Section Image
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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220019416

Florida Gulf Coast Multiple Listing Service

APN: 20-46-23-T3-02300.0030

Florida Lee County Sanibel 33957

409 E Gulf Dr Unit C3, Sanibel, FL

This home is located at 409 E Gulf Dr Unit C3, Sanibel, FL 33957 since 11 March 2020 and is currently estimated at $302,361, approximately $503 per square foot. This property was built in 1968. 409 E Gulf Dr Unit C3 is a home located in Lee County with nearby schools including Sanibel Elementary School, Cypress Lake Middle School, and Cypress Lake High School.

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