NOT LISTED FOR SALE

Estimated Value: $366,698 - $495,000

2 Beds
2 Baths
966 Sq Ft
$565/mo HOA Fee

Last Sold November 29, 2021

Last sale price $318,700 $330 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,457/month

88 Days on Market

Highlights

  • 450 Feet of Waterfront
  • Boat Dock
  • Water access To Gulf or Ocean
  • Marina
  • Marina View
  • Penthouse

About This Home

As of November 2021

Entered for statistical purposes only. This condominium is in original condition, there have been no remarkable updates since 1978.

Last Agent to Sell the Property

John Guyton

SAND KEY REALTY License #3315136 Listed on: 11/29/2021

Last Buyer's Agent

John Guyton

SAND KEY REALTY License #3315136 Listed on: 11/29/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,513

Year Built

  • Built in 1978

Lot Details

  • End Unit
  • Street terminates at a dead end
  • West Facing Home
  • Chain Link Fence
  • Mature Landscaping
  • Metered Sprinkler System
  • Landscaped with Trees

HOA Fees

  • $565 Monthly HOA Fees

Property Views

  • Park or Greenbelt
  • Pool

Home Design

  • Penthouse
  • Florida Architecture
  • Slab Foundation
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 966 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Drapes & Rods
  • Sliding Doors
  • Storage Room
  • Sauna
  • Security Lights

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Laundry Located Outside

Parking

  • Portico
  • Covered Parking
  • Common or Shared Parking
  • Circular Driveway
  • Open Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Gunite Pool
  • Outside Bathroom Access
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Access To Marina
  • Property is near a marina
  • Access to Saltwater Canal
  • First Come-First Served Dock
  • Dock has access to water
  • Seawall
  • No Wake Zone
  • Dock made with wood
  • Balcony
  • Covered patio or porch
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Listing and Financial Details

  • Tax Lot 0711
  • Assessor Parcel Number 08-29-15-27822-000-0711

Community Details

Overview

  • Optional Additional Fees
  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, maintenance repairs, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Resource Property Mgmt. / Kelly Oalmann, Cam Association, Phone Number (727) 447-6075
  • 51 Island Way Condo Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • Rental Restrictions
  • 12-Story Property

Amenities

  • Sauna
  • Laundry Facilities
  • Elevator
  • Community Storage Space

Recreation

  • Boat Dock
  • Community Boat Slip
  • Marina
  • Recreation Facilities
  • Shuffleboard Court
  • Community Pool
  • Community Spa
  • Fishing

Pet Policy

  • No Pets Allowed

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,513

Year Built

Built in 1978

Lot Details

0

HOA Fees

$565 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 966
  • New Construction: No
  • Year Built: 1978
  • Directions to Property: West on Memorial Causeway to traffic light, turn right into Island Estates, 51 Island Way is the second condominium building on the right.
  • Status: Sold
  • Floor Number: 7
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: Yes
  • Property Description: Corner Unit, End Unit, Penthouse
  • Ratio: Close Price\List Price: 0.98062
  • Price per Sq Ft: 329.92
  • Close to Original List Price Ratio: 0.98062
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Open Floorplan, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Features: Heated, In Ground
  • Spa Yn: Yes
  • Stories: 12
  • Window Features: Drapes
  • Street Number Modifier: 51
  • Room Count: 4
  • Additional Rooms: Storage Rooms

Exterior Features

  • Direction Faces: West
  • Other Structures: Storage
  • Pool Features: Gunite, Heated, In Ground, Lighting, Outside Bath Access
  • Exterior Features: Balcony, Fenced, Irrigation System, Lighting, Outdoor Grill, Rain Gutters, Sauna, Sidewalk, Sliding Doors, Sprinkler Metered, Storage, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: Yes
  • Road Frontage Type: Street Dead-End
  • View: City, Park, Pool, Water
  • Water Body Name: Intracoastal Waterway
  • Waterfront: Yes
  • Patio and Porch Features: Covered
  • Road Surface Type: Paved, Asphalt
  • Water View: Bay/Harbor - Partial, Canal, Gulf/Ocean - Partial, Gulf/Ocean to Bay, Intracoastal Waterway, Marina
  • Water Access: Canal - Saltwater, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway, Marina
  • Water Extras: Dock - Slip 1st Come, Dock - Wood, Dock w/Electric, Dock w/Water Supply, No Wake Zone, Sailboat Water, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 450
  • Water Frontage Feet I C W: 450
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Assigned, Circular Driveway, Common, Covered, Guest, Open, Portico
  • Open Parking: Yes

Utilities

  • Utilities: Cable Connected, Electricity Connected, Fire Hydrant, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Laundry Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fishing, Pool, Sidewalk, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Boat Dock, Elevator(s), Laundry, Lobby Key Required, Maintenance, Marina, Optional Additional Fees, Pool, Recreation Facilities, Sauna, Shuffleboard Court, Spa/Hot Tub, Storage, Tennis Court(s)
  • Association Fee: 565
  • Association Fee Frequency: Monthly
  • Association Name: Resource Property Mgmt. / Kelly Oalmann, CAM
  • Phone: 727-447-6075
  • Association: Yes
  • Security: Key Card Entry, Security Lights, Smoke Detector(s)
  • Senior Community: No
  • Association Email: islandway@resourcepropertymgmt.com
  • Condo Land Included Y N: No
  • Amenities Additional Fees: COVERED PARKING / DOCKS
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 6780
  • Monthly HOA Fee: 565
  • Total Monthly Fees: 565

Lot Info

  • Zoning: CONDO
  • Parcel Number: 08-29-15-27822-000-0711
  • Additional Parcels: No
  • Fencing: Chain Link
  • Lot Features: FloodZone, Level, Near Marina, Near Public Transit, Sidewalk
  • Flood Zone Code: AE

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: No
  • Minimum Lease: 6 Months
  • Approval Process: HOA APPLICATION AND APPROVAL
  • Num Timesper Year: 2
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: SIX MONTH MINIMUM LEASE

Tax Info

  • Tax Annual Amount: 4513
  • Tax Block: 000
  • Tax Book Number: 30/38
  • Tax Lot: 0711

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2021
Closed on
Nov 29, 2021
Sold by
Farokhmanesh Mashallah and Fredrick Cynthia
Bought by
Triantis Sotirios
Seller's Agent
John Guyton
SAND KEY REALTY
Buyer's Agent
John Guyton
SAND KEY REALTY
List Price
$325,000
Sold Price
$318,700
Premium/Discount to List
-$6,300
-1.94%
Total Days on Market
88
Current Estimated Value
$414,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$95,725
Avg. Annual Appreciation
7.77%
Original Mortgage
$254,400
Outstanding Balance
$236,313
Interest Rate
3.09%
Mortgage Type
New Conventional
Estimated Equity
$178,112

Purchase Details

Closed on
Dec 22, 2000
Sold by
Hamilton Bruce
Bought by
Fredrick Cynthia J and Farokhmanesh Mashallah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
7.81%
Mortgage Type
New Conventional
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
Triantis Sotirios $318,000 Title Agency Of Florida
Fredrick Cynthia J $140,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Triantis Sotirios $254,400
Previous Owner Fredrick Cynthia J $112,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/29/2021 11/29/21 Sold $318,700 -1.9% $330 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $325,000 -- $336 / 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 $6,796 $338,084 -- $338,084
2023 $6,796 $370,345 $0 $370,345
2022 $6,076 $313,304 $0 $313,304
2021 $4,734 $232,975 $0 $0
2020 $4,701 $228,373 $0 $0
2019 $4,397 $211,817 $0 $211,817
2018 $4,252 $207,669 $0 $0
2017 $3,735 $182,930 $0 $0
2016 $3,726 $187,606 $0 $0
2015 $3,578 $185,184 $0 $0
2014 $3,084 $145,079 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U8144564

Stellar MLS

APN: 08-29-15-27822-000-0711