NOT LISTED FOR SALE

508 Forest Way Longboat Key, FL 34228

Estimated Value: $548,000 - $613,000

2 Beds
2.5 Baths
1,440 Sq Ft
$636/mo HOA Fee

Last Sold July 20, 2021

Last sale price $463,000 $322 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $4,402/month

5 Days on Market

Highlights

  • 530 Feet of Waterfront
  • Boat Dock
  • Private Beach
  • Anna Maria Elementary School Rated A-
  • Water access To Gulf or Ocean To Bay
  • Fitness Center

About This Home

As of July 2021

Opportunity is now knocking for you! Wow this beautiful townhome is now available in Cedars East Tennis & Fitness resort. Just steps away from the sugary white sand beaches of pristine north-end Longboat Key. Recent Upgrades include - 2 new Trane AC systems (2019), Hurricane rated High-Impact Windows, Kitchen Appliances and Concrete Hardi board siding wrapping the exterior of the building. Inside you will find warm beachy tones in the main living area with its warm wood floors flowing through the main living space. White cabinets, countertops and newer appliances compliment the kitchen that features a breakfast bar overlooking the dining and family room. The covered and screened lanai right off the living room overlooks the beautiful Mature landscape giving a very scenic and private look. Upstairs you will find a large master suite with his and her sinks in the bathroom. Down the hall is a good size guest bedroom with an excellent sized guest bathroom right off the hallway. Across the hall you will find the laundry closet conveniently placed close to all the beds and bathrooms with new Washer and Dryer. Offered Turn-Key Furnished for buyers convenience. This location on this townhouse within the community arguably places you amongst the closest location to the public beach access. So for you beach lovers this location is most ideal.
Cedars East is a 66 acre village-like townhome setting, surrounded by nature & a short walk/bike ride to the beach or bay. Spacious and tropical community w/ lit boardwalks leading through mangroves to amenities including heated Jr. Olympic Size Pool, Ten Har-Tru Tennis Courts, Club House w/ Pro-Shop & 24hr Fitness Center, Tiki bar, Fishing Pier & kayak launch. Some amenities require add'l membership to the club for use. Close to the area's main attractions and cultural events e.g. St. Armand’s Circle - famous for world class shopping and dining, Mote Aquarium with marine exhibits and marine/kayaking excursions, the Asolo Repertory Theatre, Van Wezel Performing Arts Center, Marie Selby Gardens, Ringling Museum Complex and numerous dining options on Longboat and in downtown Sarasota (15 minutes away). If you are a golfer, there are a number of top-rated courses nearby. Spacious Condo Ownership property w/ Townhome Design. Perfect for seasonal or year-round living. Convenient on-site rental mgmt company if desired with convenient 2 week minimum rental policy in the community. Cedars is also a pet friendly community!! So, as you can see, what property for your new beach residence. Come see it today

Last Agent to Sell the Property

Jesse Griffin

CENTURY 21 BEGGINS ENTERPRISES License #3081650 Listed on: 06/06/2021

CENTURY 21 BEGGINS ENTERPRISES

Last Buyer's Agent

Natalia Armonda

MICHAEL SAUNDERS & COMPANY License #3272469

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,736

Year Built

  • Built in 1990

Lot Details

  • 530 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Property fronts a private road
  • Private Beach
  • North Facing Home
  • Masonry wall
  • Mature Landscaping
  • Irrigation
  • Landscaped with Trees

HOA Fees

  • $636 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Ground Level Parking
  • Tandem Parking
  • Garage Door Opener
  • Guest Parking
  • Parking Garage Space
  • Open Parking

Property Views

  • Woods
  • Garden

Home Design

  • Traditional Architecture
  • Elevated Home
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Cement Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • Furnished
  • High Ceiling
  • Ceiling Fan
  • Shades
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry closet
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Water access To Gulf or Ocean To Bay
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Property is near a marina
  • Open Dock
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required
  • Property is near public transit
  • City Lot

Schools

  • Anna Maria Elementary School
  • Martha B. King Middle School
  • Bayshore High School

Utilities

  • Central Heating and Cooling System
  • Thermostat
  • Underground Utilities
  • Electric Water Heater
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, private road, sewer, trash, water
  • Lighthouse Property Management Association, Phone Number (941) 460-5560
  • Visit Association Website
  • Cedars East Sec 2 Subdivision
  • On-Site Maintenance
  • The community has rules related to building or community restrictions, deed restrictions
  • Rental Restrictions

Recreation

  • Boat Dock
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,736

Year Built

Built in 1990

Lot Details

0

HOA Fees

$636 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Block, Cement Siding, Stucco, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • 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 Dr to East on Companion Way to left on Forest Way, second condo on the left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4503272?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4503272?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: Yes
  • Property Description: Elevated
  • Ratio: Close Price\List Price: 1.01982
  • Price per Sq Ft: 321.53
  • Close to Original List Price Ratio: 1.01982
  • Ratio: Current Price\Building Area Total: 204.14
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Blinds, Shades, Window Treatments
  • Street Number Modifier: 508
  • Room Count: 6
  • Additional Rooms: Inside Utility

Exterior Features

  • Direction Faces: North
  • Exterior Features: Irrigation System, Lighting, Rain Gutters, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Road Frontage Type: Private Road
  • View: Garden, Trees/Woods
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Rear Porch, Screened
  • Road Surface Type: Paved, Asphalt
  • Water Access: Bay/Harbor, Beach - Private, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Open, Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E
  • Waterfront Frontage: 530
  • Additional Water Information: Sarasota Bay access leads to Gulf of Mexico. Public Beach access on Gulf of Mexico is appx 1 mile to North Bay Beach access within community.
  • Water Frontage Feet Bay Harbor: 530
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener, Ground Level, Guest, Open, Oversized, Tandem, Under Building
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Sewer Connected, Street Lights, Underground Utilities
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Laundry Closet
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Pool, Sidewalk, Special Community Restrictions, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Cable TV, Boat Dock, Maintenance, Pool
  • Association Name: Lighthouse Property Management
  • Phone: 941-460-5560
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1907
  • Condo Fees Term: Quarterly
  • Association Website: lighthousepropertymanagement.net
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 636
  • Amenities Additional Fees: Membership to the Cedars Tennis and Fitness Club is required for use of tennis courts, members club room and fitness center. For details www.cedarstennisresort.com.
  • Association Approval Required YN: No

Fee Information

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

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: Martha B. King Middle

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927304456
  • Additional Parcels: No
  • Fencing: Masonry
  • Lot Features: Flood Insurance Required, FloodZone, City Lot, Level, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 2 Weeks
  • Pet Restrictions: See community bylaws
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Verify with Association.

Tax Info

  • Tax Annual Amount: 4736
  • Tax Book Number: 1279-1906
  • Tax Lot: 3

Multi Family

  • Waterfront Features: Bay/Harbor

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2021
Closed on
Jul 16, 2021
Sold by
Radin Robert B and The Robert B Radin Trust
Bought by
Afichuk Svetlana and Afichuk Igor
Seller's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
Buyer's Agent
Natalia Armonda
MICHAEL SAUNDERS & COMPANY
List Price
$454,000
Sold Price
$463,000
Premium/Discount to List
$9,000
1.98%
Current Estimated Value
$590,459

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$127,459
Avg. Annual Appreciation
5.87%
Original Mortgage
$416,760
Outstanding Balance
$378,491
Interest Rate
2.96%
Mortgage Type
New Conventional
Estimated Equity
$211,968

Purchase Details

Closed on
Jul 11, 2019
Sold by
Radin Robert B
Bought by
Radin Robert B

Purchase Details

Closed on
Dec 30, 2010
Sold by
Andrews Keith
Bought by
Radin Robert B

Purchase Details

Closed on
Dec 3, 2010
Sold by
Bac Home Loans Servicing Lp
Bought by
Andrews Keith and Radin Robert B

Purchase Details

Closed on
Mar 3, 2010
Sold by
Nordgren Eric and Nordgren Ann Marie
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Sep 2, 2004
Sold by
Haak Alexander and Haak Gaby
Bought by
Nordgren Eric and Nordgren Marie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$256,000
Interest Rate
1.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 26, 1998
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Haak Alexander and Haak Gaby

Purchase Details

Closed on
Jun 19, 1998
Sold by
Clerk Circuit Court
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jun 20, 1994
Sold by
Lanoue Denis
Bought by
Andrusyk Steve and Andrusyk Sultana

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$147,000
Interest Rate
8.52%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 14, 1993
Sold by
Heafey Group Fl Inc
Bought by
Lanoue Denis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,300
Interest Rate
7.07%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Afichuk Svetlana $463,000 Msc Title Inc
Radin Robert B -- Accommodation
Radin Robert B -- Bay Title & Escrow
Andrews Keith $160,700 Bay Title & Escrow Company
Bac Home Loans Servicing Lp -- Attorney
Nordgren Eric $320,000 --
Haak Alexander $155,000 --
Federal Home Loan Mortgage Corporation -- --
Andrusyk Steve $239,900 --
Lanoue Denis $199,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Afichuk Svetlana $416,760
Previous Owner Nordgren Eric $256,000
Previous Owner Andrusyk Steve $147,000
Previous Owner Lanoue Denis $139,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/20/2021 07/20/21 Sold $463,000 +2.0% $322 / Sq Ft
06/11/2021 06/11/21 Pending -- -- --
06/06/2021 06/06/21 For Sale $454,000 0.0% $315 / Sq Ft
09/20/2020 09/20/20 Rented $2,300 0.0% --
09/10/2020 09/10/20 Under Contract -- -- --
02/01/2020 02/01/20 For Rent $2,300 +15.0% --
08/17/2018 08/17/18 Off Market $2,000 -- --
10/01/2017 10/01/17 Rented $2,000 0.0% --
05/16/2017 05/16/17 For Rent $2,000 -- --
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 $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 $3,507 $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: A4503272

Stellar MLS

APN: 79273-0445-6