NOT LISTED FOR SALE

513 Forest Way Longboat Key, FL 34228

Estimated Value: $574,000 - $626,000

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

Last Sold July 14, 2022

Last sale price $645,000 $448 Per Sq Ft

Est. 7% decrease in value since last sale

Current estimated payment $4,612/month

6 Days on Market

Highlights

  • Water Access
  • Fishing
  • Open Floorplan
  • Anna Maria Elementary School Rated A-
  • View of Trees or Woods
  • End Unit

About This Home

As of July 2022

Life is better with your own piece of paradise! Cedars East is the pet friendly 65 acre community surrounded by nature and nestled between beach and bay. Perfectly positioned tri level townhome, tucked in this private island setting is yours to enjoy the amenities of island life and Longboat Key charm. Making the decision how to spend your day, may be your most difficult decision; stroll miles of white sand beaches, bike to neighboring islands, wander nature paths to the day dock, spend time fishing or launching kayaks for water filled adventures, enjoying encounters with dolphins and manatees, looking for sharks teeth or moments captivated by epic sunsets – so many choices! This updated furnished residence offers a light and bright open floor plan, high ceilings and views of lush foliage. Split bedroom plan offers private spaces for you and your guests. Recent upgrades include furniture, flooring, painting and vanities, newer AC, Hardie board and windows; leaving little to do but enjoy life – and decide what to do next! Attached garage, complete with grill, extra refrigerator includes space for storage, work bench or water toys. Added bonus – repeat seasonal tenant in place; giving you additional income to offset your expenses. Cedars East Tennis Resort offers onsite property management, Junior Olympic Pool, Tiki bar, Restaurant. Cedars Tennis Facility offers Membership options for the gym. Fitness center, Pro Shop, Clubhouse and 10 Har-Tru tennis courts. Create your island getaway, vacation destination, or investment opportunity – You decide!

Last Agent to Sell the Property

Kathryn Scott

COLDWELL BANKER REALTY License #0657911 Listed on: 05/31/2022

COLDWELL BANKER REALTY

Last Buyer's Agent

Monique Holston-Greene

COLDWELL BANKER REALTY License #3295536

COLDWELL BANKER REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,665

Year Built

  • Built in 1990

Lot Details

  • End Unit
  • West Facing Home
  • Mature Landscaping
  • Irrigation
  • Condo Land Included

HOA Fees

  • $712 Monthly HOA Fees

Parking

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

Home Design

  • Elevated Home
  • Turnkey
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Cement Siding
  • Block Exterior

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room
  • Laminate Flooring
  • Views of Woods

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom Upstairs
  • Split Bedroom Floorplan

Laundry

  • Laundry on upper level
  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Balcony
  • Covered Patio or Porch
  • Exterior Lighting

Schools

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

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Optional Additional Fees
  • Association fees include cable TV, community pool, escrow reserves fund, insurance, ground maintenance, manager, pool maintenance, sewer, trash, water
  • Ami Association
  • Cedars East Association
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • Association Owns Recreation Facilities
  • Rental Restrictions

Recreation

  • Community Pool
  • Fishing
  • Trails

Pet Policy

  • Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,665

Year Built

Built in 1990

Lot Details

0

HOA Fees

$712 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Grounds, Manager, Pool Maintenance, Sewer, Trash, Water
  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Townhouse
  • Architectural Style: Elevated
  • Construction Materials: Block, Cement Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1990
  • Building Area Total: 2268
  • Directions to Property: Gulf of Mexico Drive to East on Companion Way. First left (Forest Way) unit is straight ahead on the right. Overflow parking is available at the first left on Forest Way.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4537104?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4537104?w=Customer
  • Homestead Y N: No
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Corner Unit
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 1.00781
  • Price per Sq Ft: 447.92
  • Close to Original List Price Ratio: 1.00781
  • Ratio: Current Price\Building Area Total: 284.39
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Master Bedroom Upstairs, Open Floorplan, Solid Surface Counters, Split Bedroom, Stone Counters, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Window Features: Window Treatments
  • Street Number Modifier: 513
  • Room Count: 6

Exterior Features

  • Direction Faces: West
  • Exterior Features: Balcony, Irrigation System, Lighting, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Patio and Porch Features: Covered, Screened
  • Road Surface Type: Asphalt
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Phone Available, Public, Sewer Connected, Street Lights, Underground Utilities, 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: Association Recreation - Owned, Buyer Approval Required, Fishing, Pool, Water Access
  • Association Amenities: Optional Additional Fees, Pool, Trail(s)
  • Association Name: AMI
  • Association: Yes
  • Senior Community: No
  • Condo Fees: 2135
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: Yes
  • Monthly Condo Fee Amount: 712
  • Amenities Additional Fees: Membership to the cedars tennis and fitness club is required for use of tennis courts, members club room, gym, and restaurant. For details see www.Cedarstennisresort.com
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes
  • Association: Cedars East

Fee Information

  • Total Annual Fees: 8540
  • Total Monthly Fees: 711.67

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: 7927304803
  • Additional Parcels: No
  • Flood Zone Code: AE

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Yes
  • Minimum Lease: 2 Weeks
  • Approval Process: Application fee to management company
  • Num Timesper Year: 26
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: See documents and rules and regulations

Tax Info

  • Tax Annual Amount: 4664.51
  • Tax Block: 1002
  • Tax Book Number: 1279-1906
  • Tax Lot: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 31, 2022
Closed on
Jul 14, 2022
Sold by
Alphonso Jason Z and Alphonso Laura A
Bought by
Stevenson Brian and Butts Junea
Seller's Agent
Kathryn Scott
COLDWELL BANKER REALTY
Buyer's Agent
Monique Holston-Greene
COLDWELL BANKER REALTY
List Price
$640,000
Sold Price
$645,000
Premium/Discount to List
$5,000
0.78%
Current Estimated Value
$601,206

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$43,794
Avg. Annual Appreciation
-2.12%
Original Mortgage
$483,750
Outstanding Balance
$456,692
Interest Rate
4.25%
Mortgage Type
New Conventional
Estimated Equity
$144,514

Purchase Details

Listed on
Jun 1, 2020
Closed on
Oct 2, 2020
Sold by
Pituch Barnes Revocable Trust and Barnes Cynthia D
Bought by
Alphonso Jason Z and Alphonso Laura A
Seller's Agent
Kathryn Scott
COLDWELL BANKER REALTY
Buyer's Agent
Michael Sperling
FLORIDA REALTY INVESTMENTS
List Price
$335,000
Sold Price
$326,000
Premium/Discount to List
-$9,000
-2.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
46.72%
Original Mortgage
$277,100
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 17, 2017
Sold by
Pituch Thomas R and Barnes Cynthia D
Bought by
Pituch Thomas R and Barnes Cynthia D

Purchase Details

Listed on
Jan 17, 2012
Closed on
Oct 17, 2012
Sold by
Goodman Nancy
Bought by
Pituch Thomas R and Barnes Cynthia D
Seller's Agent
Mary Moore
WAGNER REALTY
Buyer's Agent
Kathryn Scott
COLDWELL BANKER REALTY
List Price
$168,000
Sold Price
$168,000

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
Mar 26, 2004
Sold by
Halfacre Neil David and Halfacre Carolyn Michelle
Bought by
Goodman Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$229,200
Interest Rate
5.53%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 4, 2001
Sold by
Ferguson Darrel H and Ferguson Susan A
Bought by
Halfacre Neil David and Halfacre Carolyn Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$80,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 13, 1999
Sold by
967139 Ontario Inc
Bought by
Ferguson Darrell H and Ferguson Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$19,000
Interest Rate
7.65%
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
Stevenson Brian $645,000 Michaael J Belle Pa
Alphonso Jason Z $326,000 Bowen Victoria
Pituch Thomas R -- Attorney
Pituch Thomas R $168,000 Attorney
Goodman Nancy $286,500 --
Halfacre Neil David $227,000 --
Ferguson Darrell H $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stevenson Brian $483,750
Previous Owner Alphonso Jason Z $277,100
Previous Owner Goodman Nancy $229,200
Previous Owner Halfacre Neil David $80,000
Previous Owner Ferguson Darrell H $19,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/14/2022 07/14/22 Sold $645,000 +0.8% $448 / Sq Ft
06/07/2022 06/07/22 Pending -- -- --
05/31/2022 05/31/22 For Sale $640,000 +96.3% $444 / Sq Ft
10/02/2020 10/02/20 Sold $326,000 -2.7% $226 / Sq Ft View Prior Sale
08/25/2020 08/25/20 Pending -- -- --
06/01/2020 06/01/20 For Sale $335,000 +99.4% $233 / Sq Ft
10/17/2012 10/17/12 Sold $168,000 0.0% $117 / Sq Ft View Prior Sale
09/13/2012 09/13/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $168,000 -- $117 / 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 $8,660 $207,060 -- $207,060
2024 $8,660 $552,500 -- $552,500
2023 $8,273 $514,250 $0 $514,250
2022 $5,515 $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: A4537104

Stellar MLS

APN: 79273-0480-3