NOT LISTED FOR SALE

505 Sloop Way Unit 505 Nokomis, FL 34275

Laurel Neighborhood

Estimated Value: $284,000 - $435,000

2 Beds
2 Baths
1,290 Sq Ft
$262/Sq Ft Est. Value

Last Sold November 18, 2019

Last sale price $179,800 $139 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $2,500/month

3 Days on Market

Highlights

  • 20 Feet of Waterfront
  • Heated In Ground Pool
  • Senior Community
  • Boat Ramp
  • Fishing
  • Lagoon View

About This Home

As of November 2019

Have you ever wanted to live close to the beach? Well, now you can!! Have you ever thought about taking a short walk to the beach? Well, now you can!! Have you ever wished you could ride your bike for a short distance and be on the shores of the Gulf of Mexico? Well, now you can!! Did you ever dream about watching a beautiful sunset while sitting on your lanai, just you and your loving pets, enjoying the surroundings? Well, now you can!! This special 2 bed/2 bath villa has an amazing water view and is priced to sell. It's a 55+ community with 86 units where the HOA fees cover almost everything like a community heated pool, cable TV, ground maintenance, mulching, tree trimming, yearly roof cleaning, pest control, water, sewer and flood insurance just to name a few. This villa has had the air handler and condenser replaced in August 2014. This is a pet friendly community that is 1/2 mile from beautiful Nokomis Beach and less than 3 miles to downtown Venice shops and restaurants. All it needs is the right buyer to add their personal touches to make it a home.

Last Agent to Sell the Property

Diane Mahoney

License #3260446 Listed on: 10/06/2019

Co-Listed By

Maia Morrison

License #061974

Last Buyer's Agent

Neil Witts

FINE PROPERTIES License #3261197

FINE PROPERTIES

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,380

Year Built

  • Built in 1969

Lot Details

  • 0.25 Acre Lot
  • 20 Feet of Waterfront
  • Property fronts a saltwater canal
  • East Facing Home
  • Property is zoned RMF1

HOA Fees

  • $633 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Villa
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,290 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Lagoon Views

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Access to Saltwater Canal
  • First Come-First Served Dock
  • Seawall
  • Dock made with Composite Material
  • Patio
  • Exterior Lighting
  • Outdoor Storage

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

Community Details

Overview

  • Senior Community
  • Association fees include cable TV, community pool, escrow reserves fund, fidelity bond, insurance, ground maintenance, pest control, pool maintenance, sewer, trash, water
  • Keys Caldwell Management Association, Phone Number (941) 408-8293
  • Visit Association Website
  • Fairwinds Village Community
  • Fairwinds Village 2 Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking
  • Rental Restrictions

Amenities

  • Clubhouse
  • Laundry Facilities

Recreation

  • Boat Ramp
  • Boat Dock
  • Community Pool
  • Fishing

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,380

Year Built

Built in 1969

Lot Details

0

HOA Fees

$633 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Grounds, Pest Control, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Villa
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1290
  • New Construction: No
  • Year Built: 1969
  • Directions to Property: From intersection of Rt 41 and Albee Rd, go 1/2 mile and see "Fair Winds Village" on right. Come down that road, pass clubhouse, follow signs to 500 block, villa is on left side in cul de sac.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6107343?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6107343?w=Customer
  • FCHR URL: Yes
  • Homestead Y N: Yes
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Call Center Phone Number: 8778479522
  • Ratio: Close Price\List Price: 0.95132
  • Price per Sq Ft: 139.38
  • Close to Original List Price Ratio: 0.95132
  • View: Yes
  • Co List Office Mls Id: 284508951
  • Co List Office Phone: 941-929-9090
  • Ownership: Fee Simple
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: No
  • Window Features: Blinds
  • Street Number Modifier: 505
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Pool Features: Heated, In Ground
  • Exterior Features: Lighting, Storage
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Lyons Bay
  • Waterfront: Yes
  • Patio and Porch Features: Patio
  • Water View: Lagoon
  • Water Access: Canal - Saltwater
  • Water Extras: Dock - Composite, Dock - Slip 1st Come, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0239F
  • Waterfront Frontage: 20
  • Water Frontage Feet Canal Salt: 20
  • Disclosures: Condominium Disclosure Available, Lead Paint

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Community Boat Ramp, Deed Restrictions, Fishing, No Truck/RV/Motorcycle Parking, Pool, Water Access, Waterfront
  • Association Amenities: Clubhouse, Boat Dock, Laundry, Maintenance, Pool
  • Association Fee: 633
  • Association Fee Frequency: Monthly
  • Association Name: Keys Caldwell Management
  • Phone: 941-408-8293
  • Association: Yes
  • Senior Community: Yes
  • Association Website: kcweb@keys-caldwell.com
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7596
  • Monthly HOA Fee: 633
  • Total Monthly Fees: 633

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0171061013
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Minimum Lease: 3 Months
  • Approval Process: Contact board for interview; $100 fee for application process.
  • Num Timesper Year: 4
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Must own unit for 2 yrs prior to leasing.

Tax Info

  • Tax Annual Amount: 1380
  • Tax Book Number: 823-727
  • Tax Lot: 505

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2019
Closed on
Nov 12, 2019
Sold by
Marks Richard
Bought by
Martin Garrett E and Martin Addison R
Seller's Agent
Diane Mahoney
Buyer's Agent
Neil Witts
FINE PROPERTIES
List Price
$189,000
Sold Price
$179,800
Premium/Discount to List
-$9,200
-4.87%
Total Days on Market
3
Current Estimated Value
$338,023

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,223
Avg. Annual Appreciation
12.05%
Original Mortgage
$125,860
Outstanding Balance
$101,645
Interest Rate
3.5%
Mortgage Type
New Conventional
Estimated Equity
$236,378

Purchase Details

Closed on
Oct 15, 1998
Sold by
Briggs Robert C and Briggs Madene R
Bought by
Marks Richard

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
6.76%

Purchase Details

Closed on
Nov 22, 1993
Sold by
Hummel Wilma F and Hummel George V
Bought by
Briggs Robert C and Briggs Madene R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$65,600
Interest Rate
6.95%
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
Martin Garrett E $179,800 Attorney
Marks Richard $90,000 --
Briggs Robert C $92,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Garrett E $125,860
Previous Owner Briggs Robert C $44,165
Previous Owner Marks Richard $45,000
Previous Owner Briggs Robert C $65,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/18/2019 11/18/19 Sold $179,800 -4.9% $139 / Sq Ft
10/09/2019 10/09/19 Pending -- -- --
10/06/2019 10/06/19 For Sale $189,000 -- $147 / 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 $880 $98,260 -- --
2023 $880 $87,631 $0 $0
2022 $897 $86,779 $0 $0
2021 $889 $84,251 $0 $0
2020 $878 $83,088 $0 $0
2019 $1,429 $129,781 $0 $0
2018 $1,380 $127,361 $0 $0
2017 $1,370 $124,741 $0 $0
2016 $1,361 $161,000 $0 $161,000
2015 $1,383 $146,000 $0 $146,000
2014 $1,375 $118,584 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: N6107343

Stellar MLS

APN: 0171-06-1013