NOT LISTED FOR SALE

427 Casey Key Rd Unit 4 Nokomis, FL 34275

Casey Key Neighborhood

Estimated Value: $552,203

1 Bed
1 Bath
577 Sq Ft
$550/mo HOA Fee

Last Sold March 16, 2018

Last sale price $485,000 $841 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $4,099/month

373 Days on Market

Highlights

  • 200 Feet of Waterfront
  • Boat Dock
  • Access To Intracoastal Waterway
  • Laurel Nokomis School Rated A-
  • Beach View
  • Private Beach

About This Home

As of March 2018

Great Investment Opportunity on this Condo-tel. Own a piece of Paradise right on Casey Key Beach for a modest price that is also a great income producing property when you are not enjoying it. This Gulf Front condo unit at the Gulfside Beach Club, which is unique on Casey Key with 200 feet of deep sandy beach frontage and offers a botanical garden setting with beach front Gazebo for enjoying the water and beach views or a gathering spot at sunset, and a Barbecue area for grilling your fresh fish catch. There are also boat docks on the Bay Side for fishing, kayaking and other water sports. Great onsite management that takes care of the day to day operations. There is a total of 12 units in the complex, two in this building. This condo has one bedroom, bath, kitchen and living room and also has washer & dryer in the unit. This unit was updated in 2006, new AC in 2017, new refrigerator & dish washer 2015, windows 2013, water heater 2017. The fees include flood, wind & liability insurance, water and cable and grounds maintenance. After expenses in 2017 this unit netted $32,374.

Last Agent to Sell the Property

Nick Herron

RE/MAX ALLIANCE GROUP License #0531108 Listed on: 02/06/2017

RE/MAX ALLIANCE GROUP

Last Buyer's Agent

Ron Noce

HORIZON REALTY INTERNATIONAL License #3046934

HORIZON REALTY INTERNATIONAL

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,818

Year Built

  • Built in 1983

Lot Details

  • 200 Feet of Waterfront
  • Property fronts gulf or ocean
  • Private Beach
  • End Unit
  • West Facing Home
  • Land Lease expires 4/1/17

HOA Fees

  • $550 Monthly HOA Fees

Property Views

  • Beach
  • Full Gulf or Ocean

Home Design

  • Florida Architecture
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 577 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Window Treatments
  • Ceramic Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Driveway
  • Assigned Parking

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Boat Slip Deeded
  • Dock made with Composite Material
  • Gazebo
  • Outdoor Grill

Location

  • Flood Zone Lot

Schools

  • Laurel Nokomis Elementary School
  • Laurel Nokomis Middle School
  • Venice Senior High School

Utilities

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

Listing and Financial Details

  • Legal Lot and Block 4 / C
  • Assessor Parcel Number 0169021004

Community Details

Overview

  • Association fees include cable TV, insurance, maintenance structure, sewer, water
  • Casey Key Community
  • Casey Key Subdivision
  • Rental Restrictions

Recreation

  • Boat Dock
  • Community Boat Slip

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,818

Year Built

Built in 1983

Lot Details

0

HOA Fees

$550 per month

Listing Details

  • HOA Fee Includes: Cable TV, Insurance, Maintenance Structure, Sewer, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 577
  • New Construction: No
  • Year Built: 1983
  • Building Area Total: 737
  • Directions to Property: 41 to Albee Road West to Casey Key Road Right (North) to 427 Casey Key Road
  • Status: Sold
  • Floor Number: 1
  • Homestead Y N: No
  • Home Warranty Y N: No
  • Property Description: End Unit
  • Ratio: Close Price\List Price: 0.92381
  • Price per Sq Ft: 840.55
  • Close to Original List Price Ratio: 0.84348
  • Ratio: Current Price\Building Area Total: 658.07
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Window Features: Window Treatments
  • Street Number Modifier: 427
  • Room Count: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Other Structures: Gazebo
  • Exterior Features: Outdoor Grill
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Water View: Beach, Gulf/Ocean - Full
  • Water Access: Bay/Harbor, Beach - Private, Intracoastal Waterway
  • Water Extras: Dock - Composite, Dock - Slip Deeded On-Site
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0238F
  • Waterfront Frontage: 200
  • Water Frontage Feet Beach Prvt: 100
  • Water Frontage Feet Gulf Ocean: 100
  • Disclosures: Condominium Disclosure Available, HOA/PUD/Condo Disclosure, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Driveway, None
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Boat Dock
  • Association Fee Frequency: Annually
  • Association: No
  • Senior Community: No
  • Condo Fees: 550
  • Condo Fees Term: Monthly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 550
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 6600
  • Total Monthly Fees: 550

Schools

  • Elementary School: Laurel Nokomis Elementary
  • High School: Venice Senior High
  • Middle Or Junior School: Laurel Nokomis Middle

Lot Info

  • Zoning: RSF1
  • Parcel Number: 0169021004
  • Additional Parcels: No
  • Lot Features: FloodZone
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • Land Lease Expiration Date: 2017-04-01
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: No
  • Minimum Lease: 1-7 Days
  • Approval Process: No meeting required
  • Lease Restrictions Y N: Yes
  • Currency Monthly Rent Amt: 4750
  • Additional Lease Restrictions: Must use in-house Manager

Tax Info

  • Tax Annual Amount: 4818
  • Tax Block: C
  • Tax Book Number: 1785-183
  • Tax Lot: 4

Multi Family

  • Waterfront Features: Beach - Private, Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2017
Closed on
Mar 16, 2018
Sold by
Gorman John J and Schmedes Susan M
Bought by
Casey Key Sunsets Llc
Seller's Agent
Nick Herron
RE/MAX ALLIANCE GROUP
Buyer's Agent
Ron Noce
HORIZON REALTY INTERNATIONAL
List Price
$575,000
Sold Price
$485,000
Premium/Discount to List
-$90,000
-15.65%
Total Days on Market
373
Current Estimated Value
$552,203

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$67,203
Avg. Annual Appreciation
2.23%

Purchase Details

Closed on
Sep 1, 2010
Sold by
Smith Charles W and Smith Faine H
Bought by
Gorman John J and Schmedes Susan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
4.59%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 6, 2006
Sold by
Sanderson Leonard R and Sanderson Marilea Ann
Bought by
Smith Charles W and Smith Faine H

Purchase Details

Closed on
Apr 21, 1995
Sold by
Bates D Lane and Bates Barbara Anwyl
Bought by
Sanderson Leonard R

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
8.35%
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
Casey Key Sunsets Llc $485,000 Attorney
Gorman John J $1,000,000 Attorney
Smith Charles W $479,500 None Available
Sanderson Leonard R $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gorman John J $750,000
Previous Owner Sanderson Leonard R $120,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2018 03/16/18 Sold $485,000 -7.6% $841 / Sq Ft
02/15/2018 02/15/18 Pending -- -- --
10/20/2017 10/20/17 Price Changed $525,000 -4.5% $910 / Sq Ft
08/10/2017 08/10/17 Price Changed $550,000 -4.3% $953 / Sq Ft
02/06/2017 02/06/17 For Sale $575,000 -- $997 / 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 $5,569 $464,900 -- $464,900
2023 $5,569 $459,000 $0 $459,000
2022 $5,128 $415,600 $0 $415,600
2021 $5,045 $395,200 $0 $395,200
2020 $4,890 $374,800 $0 $374,800
2019 $5,218 $405,900 $0 $405,900
2018 $5,746 $505,900 $0 $505,900
2017 $4,949 $341,668 $0 $0
2016 $4,818 $397,500 $0 $397,500
2015 $4,413 $347,700 $0 $347,700
2014 $3,582 $361,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4177003

Stellar MLS

APN: 0169-02-1004