NOT LISTED FOR SALE

504 Forest Way Unit 2 Longboat Key, FL 34228

Estimated Value: $589,000 - $612,000

2 Beds
2.5 Baths
1,440 Sq Ft
$418/Sq Ft Est. Value

Last Sold August 10, 2012

Last sale price $165,000 $115 Per Sq Ft

Est. 265% increase in value since last sale

Current estimated payment $4,363/month

160 Days on Market

Highlights

  • 2.11 Acre Lot
  • Deck
  • Community Pool
  • Anna Maria Elementary School Rated A-
  • Furnished
  • Porch

About This Home

As of August 2012

Fabulous Price Reduction, A real Best Buy! Bright and Sunny Townhome with integral garage, being sold turnkey for owner use or good rental possibilities. Everything in place to move in and enjoy. Seller offering up to $500 Home Warranty Buyer Choice to Owner Occupants. Cedars East offers 10 Har-Tru tennis courts, junior-olympic size pool, restaurant and nature trails amoung many other resort-like features all just a short way from beaches.

Last Agent to Sell the Property

Patricia Emmett

BERKSHIRE HATHAWAY HOMESERVICE License #0654649 Listed on: 01/31/2012

BERKSHIRE HATHAWAY HOMESERVICE

Last Buyer's Agent

Helen Sosso

PRUDENTIAL ELITE REALTY SVCS License #3232640

PRUDENTIAL ELITE REALTY SVCS

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,933

Year Built

  • Built in 1990

Lot Details

  • 2.11

HOA Fees

  • $537 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

  • Tri-Level Property
  • Slab Foundation
  • Shingle Roof
  • Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Inside Utility
  • Carpet

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Screened Patio
  • Porch

Additional Features

  • Zero Lot Line
  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool, ground maintenance, recreational facilities
  • Lighthouse Management 941 966 6844 Association
  • Cedars East Community
  • Cedars East Condo Sec 2 Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • 1 Pet Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,933

Year Built

Built in 1990

Lot Details

0

HOA Fees

$537 per month

Parking

1

Listing Details

  • HOA Fee Includes: Community Pool, Maintenance Grounds, Recreational Facilities
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Construction Materials: Siding
  • Fireplace: No
  • Living Area: 1440
  • Lot Size Acres: 2.11
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 1733
  • Lot Size Sq Ft: 91879
  • Directions to Property: Gulf of Mexico to Cedars East to Companion Way, 1st Left to Forest Way to 504
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=M5826861&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=M5826861&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 2 to less than 5
  • Home Warranty Y N: No
  • Subdivision Num: 7927302
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.91718
  • Price per Sq Ft: 114.58
  • Close to Original List Price Ratio: 0.63486
  • Ratio: Current Price\Building Area Total: 95.21
  • View: No
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2011
  • Special Features: 20

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 504
  • Room Count: 5
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No

Garage/Parking

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

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 1611
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Management 941-966-6844
  • Association: Yes
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 6444
  • Total Monthly Fees: 537

Lot Info

  • Zoning: R3MX/P
  • Parcel Number: 7927304407
  • Additional Parcels: No
  • Lot Features: Zero Lot Line
  • Millage Rate: 16.91
  • Future Land Use: 0400
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2012-08-10T04:00:00.000Z

Tax Info

  • Tax Annual Amount: 2933
  • Tax Book Number: 0024/0088
  • Tax Lot: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 24, 2021
Sold by
Holbrook James R and Holbrook Karen A
Bought by
Rnln 504 Llc
Current Estimated Value
$601,816

Purchase Details

Closed on
Jul 29, 2020
Sold by
Kalil Russell and Kalil Beverley
Bought by
Holbrook James R and Holbrook Karen A

Purchase Details

Listed on
Jan 31, 2012
Closed on
Aug 10, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Kalil Russell and Kalil Beverley
Seller's Agent
Patricia Emmett
BERKSHIRE HATHAWAY HOMESERVICE
Buyer's Agent
Helen Sosso
PRUDENTIAL ELITE REALTY SVCS
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.29%

Purchase Details

Closed on
Feb 29, 2012
Sold by
Jpmorgan Chase Bank National Association
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Feb 2, 2012
Sold by
Omara Michael G and Omara Diane S
Bought by
Chase Home Finance Llc

Purchase Details

Closed on
Jan 22, 2004
Sold by
Meacham Bruce E and Meacham Mary Anne
Bought by
Omara Michael G and Omara Diane S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$204,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage
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
Rnln 504 Llc $505,000 Attorney
Holbrook James R $323,000 Attorney
Kalil Russell $165,000 None Available
Federal Home Loan Mortgage Corporation -- New House Title
Chase Home Finance Llc -- Attorney
Omara Michael G $255,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Omara Michael G $204,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/10/2012 08/10/12 Sold $165,000 0.0% $115 / Sq Ft
07/09/2012 07/09/12 Pending -- -- --
01/30/2012 01/30/12 For Sale $165,000 -- $115 / 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 $7,732 $207,060 -- $207,060
2024 $7,732 $552,500 -- $552,500
2023 $7,300 $514,250 $0 $514,250
2022 $6,095 $367,500 $0 $367,500
2021 $4,665 $275,000 $0 $275,000
2020 $4,096 $265,000 $0 $265,000
2019 $4,121 $265,000 $0 $265,000
2018 $4,070 $220,000 $0 $0
2017 $3,507 $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

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Map

Source: Stellar MLS

MLS Number: M5826861

Stellar MLS

APN: 79273-0440-7