NOT LISTED FOR SALE

502 Forest Way Unit 502 Longboat Key, FL 34228

Estimated Value: $474,000 - $610,000

2 Beds
2.5 Baths
1,440 Sq Ft
$605/mo HOA Fee

Last Sold April 26, 2013

Last sale price $172,000 $119 Per Sq Ft

Est. 206% increase in value since last sale

Current estimated payment $3,863/month

27 Days on Market

Highlights

  • Fishing Pier
  • View of Trees or Woods
  • End Unit
  • Anna Maria Elementary School Rated A-
  • Deck
  • Furnished

About This Home

As of April 2013

Own your piece of paradise. Wonderful Cedars East Condo. This 2 bedroom 2 bath condo is an end unit. Condo has a one car garage, bedrooms are on a separate floor from the living area. Located on Longboat Key it is close to quaint downtown Sarasota, St. Armands Circle, Tampa and Orlando. Great rental investment opportunity. The property is being sold "As Is".

Last Agent to Sell the Property

Tanya Fesler

License #3167162 Listed on: 03/09/2013

Last Buyer's Agent

Kathryn Scott

COLDWELL BANKER REALTY License #0657911

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,067

Year Built

  • Built in 1990

Lot Details

  • End Unit
  • Street terminates at a dead end
  • Mature Landscaping
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $605 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Blinds
  • Views of Woods

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Fishing Pier
  • Access to Bay or Harbor
  • Deck
  • Screened Patio
  • Porch

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Heat or Energy Recovery Ventilation System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, insurance, maintenance structure, ground maintenance, manager, pest control, sewer, trash, water
  • Cedars East Community
  • Cedars East Condo Sec 2 Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,067

Year Built

Built in 1990

Lot Details

0

HOA Fees

$605 per month

Parking

1

Listing Details

  • HOA Fee Includes: Community Pool, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • Lot Size Acres: 0.01
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 1733
  • Lot Size Sq Ft: 313
  • Directions to Property: North on Gulf of Mexico Drive, Right on Companion Way, Left on Forest Way, first left to end.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=M5835961&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=M5835961&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 7927302
  • Property Description: End Unit
  • Ratio: Close Price\List Price: 0.90526
  • Price per Sq Ft: 119.44
  • Close to Original List Price Ratio: 0.90526
  • Ratio: Current Price\Building Area Total: 99.25
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2012
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 502
  • Room Count: 3
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Water Access: Bay/Harbor
  • Water Extras: Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Available, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric, Heat Recovery Unit
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 1813.75
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Security: Smoke Detector(s)
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 7255
  • Total Monthly Fees: 604.58

Lot Info

  • Zoning: R3MX/P
  • Parcel Number: 7927304357
  • Additional Parcels: No
  • Lot Features: City Lot, Zero Lot Line
  • Millage Rate: 16.53
  • Future Land Use: 0400
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2013-04-26T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 3067
  • Tax Book Number: 0024/0088
  • Tax Lot: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2021
Sold by
Holbrook James R and Holbrook Karen A
Bought by
Blum Frank Elliott and Blum Merilynn
Current Estimated Value
$527,159

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$255,000
Outstanding Balance
$231,094
Interest Rate
3.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$296,065

Purchase Details

Closed on
Feb 1, 2016
Sold by
Pituch Thomas R and Barnes Cynthia D
Bought by
Holbrook Family Trust

Purchase Details

Listed on
Mar 9, 2013
Closed on
Apr 25, 2013
Sold by
Ng Siu C and Ng Slu C
Bought by
Pituch Thomas R and Barnes Cynthia D
Seller's Agent
Tanya Fesler
Buyer's Agent
Kathryn Scott
COLDWELL BANKER REALTY
List Price
$190,000
Sold Price
$172,000
Premium/Discount to List
-$18,000
-9.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.37%
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
Blum Frank Elliott $340,000 Attorney
Holbrook Family Trust $238,000 Attorney
Pituch Thomas R $172,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blum Frank Elliott $255,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2013 04/26/13 Sold $172,000 -9.5% $119 / Sq Ft
04/06/2013 04/06/13 Pending -- -- --
03/09/2013 03/09/13 For Sale $190,000 -- $132 / 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
2025 $5,647 $207,060 -- $207,060
2024 $5,647 $389,881 -- --
2023 $5,598 $378,525 $0 $0
2022 $4,859 $367,500 $0 $367,500
2021 $4,665 $275,000 $0 $275,000
2020 $4,736 $265,000 $0 $265,000
2019 $4,548 $265,000 $0 $265,000
2018 $4,070 $220,000 $0 $0
2017 $3,542 $210,500 $0 $0
2016 $3,249 $187,900 $0 $0
2015 $2,654 $187,900 $0 $0
2014 $2,654 $158,106 $0 $0
2013 $2,561 $153,501 $1 $153,500
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tanya Fesler

  • Kathryn Scott

    Buyer's Agent in 2013

    Kathryn Scott

    COLDWELL BANKER REALTY

    (941) 812-5805

    5 in this area

    29 Total Sales

    Kathryn Scott
    Section Image
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Map

Source: Stellar MLS

MLS Number: M5835961

Stellar MLS

APN: 79273-0435-7

Florida Manatee County Longboat Key 34228

502 Forest Way Unit 502, Longboat Key, FL

This home is located at 502 Forest Way Unit 502, Longboat Key, FL 34228 since 09 March 2013 and is currently estimated at $527,159, approximately $366 per square foot. This property was built in 1990. 502 Forest Way Unit 502 is a home located in Manatee County with nearby schools including Anna Maria Elementary School, Martha B. King Middle School, and Bayshore High 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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