NOT LISTED FOR SALE

504 Forest Way Unit 504 Longboat Key, FL 34228

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

2 Beds
2.5 Baths
1,494 Sq Ft
$636/mo HOA Fee

Last Sold September 24, 2021

Last sale price $505,000 $338 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $4,462/month

82 Days on Market

Highlights

  • Fishing Pier
  • In Ground Pool
  • 1 Car Attached Garage
  • Anna Maria Elementary School Rated A-
  • 2.11 Acre Lot
  • Ceramic Tile Flooring

About This Home

As of September 2021

This is a rare opportunity to own a bright and spacious unit in the very popular Cedars East community. This unit is being sold turnkey for owner's use with excellent rental potential.

Last Agent to Sell the Property

Bill Anderson

MICHAEL SAUNDERS & COMPANY License #3288173 Listed on: 06/09/2021

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Adrienne Scott

MICHAEL SAUNDERS & COMPANY License #3493901

Last Buyer's Agent

Bill Anderson

MICHAEL SAUNDERS & COMPANY License #3288173 Listed on: 06/09/2021

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,096

Year Built

  • Built in 1990

Lot Details

  • North Facing Home

HOA Fees

  • $636 Monthly HOA Fees

Parking

  • 1 Car Attached Garage

Home Design

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

Interior Spaces

  • 1,494 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Blinds

Kitchen

  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Fishing Pier
  • Exterior Lighting

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Association fees include community pool
  • Lighthouse Property Management Association
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pets Allowed
  • Pets up to 100 lbs
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,096

Year Built

Built in 1990

Lot Details

0

HOA Fees

$636 per month

Parking

1

Listing Details

  • HOA Fee Includes: Community Pool
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Condominium
  • Construction Materials: Cement Siding, Concrete, Wood Frame
  • Fireplace: No
  • Living Area: 1494
  • Lot Size Acres: 2.11
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 2268
  • Lot Size Sq Ft: 91957
  • Directions to Property: Gulf of Mexico Drive to Companion Way (5680 GMD). Then take first left into Forest Way. 504 is around the corner to the left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4503580?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4503580?w=Customer
  • Floor Number: 2
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.0202
  • Price per Sq Ft: 338.02
  • Close to Original List Price Ratio: 1.01
  • Ratio: Current Price\Building Area Total: 222.66
  • View: No
  • Co List Office Mls Id: 281502388
  • Co List Office Phone: 941-383-5502
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Blinds
  • Street Number Modifier: 504
  • Room Count: 5

Exterior Features

  • Direction Faces: North
  • Pool Features: In Ground
  • Exterior Features: Lighting, Sidewalk
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Road Surface Type: Asphalt, Paved
  • Water Extras: Fishing Pier
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: Yes
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Upper Level
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Pool
  • Association Name: Lighthouse Property management
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 1907
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 636
  • Amenities Additional Fees: Membership to Cedars East Tennis Resort. Amenities are available for an additional fee.
  • Association Fee Requirement: None
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 7628
  • Total Monthly Fees: 635.67

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927304407
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Pets Allowed: Yes
  • Max Pet Weight: 100
  • Minimum Lease: 2 Weeks
  • Num Timesper Year: 26
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: None

Tax Info

  • Tax Annual Amount: 4096.48
  • Tax Block: 1002
  • Tax Book Number: 1279-1906
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 9, 2021
Closed on
Sep 24, 2021
Sold by
Holbrook James R and Holbrook Karen A
Bought by
Rnln 504 Llc
Seller's Agent
Bill Anderson
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Bill Anderson
MICHAEL SAUNDERS & COMPANY
List Price
$500,000
Sold Price
$505,000
Premium/Discount to List
$5,000
1%
Current Estimated Value
$601,816

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,816
Avg. Annual Appreciation
4.39%

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

Closed on
Aug 10, 2012
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Kalil Russell and Kalil Beverley

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
09/24/2021 09/24/21 Sold $505,000 +2.0% $338 / Sq Ft
08/29/2021 08/29/21 Pending -- -- --
08/24/2021 08/24/21 Price Changed $495,000 -1.0% $331 / Sq Ft
08/11/2021 08/11/21 For Sale $500,000 0.0% $335 / Sq Ft
06/09/2021 06/09/21 Pending -- -- --
06/08/2021 06/08/21 For Sale $500,000 -- $335 / 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

  • Bill Anderson

    Seller's Agent in 2021

    Bill Anderson

    Michael Saunders

    (941) 313-4059

    21 in this area

    24 Total Sales

    Bill Anderson
    Section Image
  • Adrienne Scott

    Seller Co-Listing Agent in 2021

    Adrienne Scott

    Michael Saunders

    (941) 383-7591

    16 in this area

    18 Total Sales

    Adrienne Scott
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4503580

Stellar MLS

APN: 79273-0440-7

Florida Manatee County Longboat Key 34228

504 Forest Way Unit 504, Longboat Key, FL

This home is located at 504 Forest Way Unit 504, Longboat Key, FL 34228 since 09 June 2021 and is currently estimated at $601,816, approximately $402 per square foot. This property was built in 1990. 504 Forest Way Unit 504 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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