NOT LISTED FOR SALE

519 Forest Way Longboat Key, FL 34228

Estimated Value: $569,000 - $627,000

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

Last Sold September 09, 2021

Last sale price $474,500 $330 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $4,549/month

7 Days on Market

Highlights

  • Waterfront Community
  • Water Access
  • Fishing
  • Anna Maria Elementary School Rated A-
  • Fitness Center
  • Open Floorplan

About This Home

As of September 2021

This beautifuly updated townhome in Cedars East Bayfront Resort community now available for sale. This spacious, completely updated, turnkey 2 bedroom, 2 ½ bath townhome has 9ft ceilings with windows on 3 sides for open views and light. Overlooking a peaceful lagoon to enjoy when sitting on your screen enclosed lanai. This townhome is in the front section of the community with easy access to Bradenton Beach on north end & St. Armand's Cir to the South. Also access to the beach is nearby. This unit has gas cooking range which is the only one in the community. Gorgeous kitchen with granite counters and hardwood cabinets & SS appliances make it a winner. Powder room off kitchen for the living room area. Living,dining & kitchen all have hardwood floors. Upstairs the oversized Master Bedroom is a true retreat with en-suite master bath with updated vinyl plank flooring and new vanities, large double closets for storage. The second bedroom down the hall faces west with views of the Gulf and spectacular sunsets from the large windows. Washer dryer closet is in hallway across from guest bathroom which is also beautifully updated. Recent Exterior improvements include Anderson windows, hardy board concrete siding, tankless gas hot water heater, new garage door (2018), both A/Cs are newer (2019) and recently serviced to ensure they are ice cold. The condo building was tented and treated for termites in May 2020. Garage although appears to be a one car spot, it is a tandam style and you can fit two cars inside. Pet friendly 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. Perfect for seasonal or year-round living. Convenient 2 week minimum rental policy in the community great for offsetting your expenses when not in use. Come see this great beach property today before it's gone.

Last Agent to Sell the Property

Carri Schoeller

DALTON WADE INC License #617968 Listed on: 07/17/2021

DALTON WADE INC

Last Buyer's Agent

Mike Seamon

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3358790

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,736

Year Built

  • Built in 1990

Lot Details

  • End Unit
  • West Facing Home

HOA Fees

  • $636 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Contemporary Architecture
  • Elevated Home
  • Slab Foundation
  • Wood Frame Certified By Forest Stewardship Council
  • Shingle Roof
  • Cement Siding

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

Kitchen

  • Range
  • Microwave
  • Ice Maker
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Wood
  • Carpet
  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Water Access
  • Covered Patio or Porch

Location

  • Flood Insurance May Be Required

Schools

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

Utilities

  • Forced Air Zoned Heating and Cooling System
  • Thermostat
  • Natural Gas Connected
  • Tankless Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance repairs, pool maintenance, recreational facilities, sewer, trash, water
  • Justin Trent/Lori Grecken Association, Phone Number (941) 460-5560
  • Visit Association Website
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • The community has rules related to building or community restrictions, deed restrictions
  • Rental Restrictions

Recreation

  • Waterfront Community
  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 35 lbs
  • Pet Size Limit
  • 2 Pets Allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,736

Year Built

Built in 1990

Lot Details

0

HOA Fees

$636 per month

Parking

2

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance Repairs, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Architectural Style: Contemporary, Elevated
  • Construction Materials: Cement Siding, Wood Frame (FSC Certified)
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1990
  • Directions to Property: From Bradenton Beach take Gulf of Mexico Drive south to Companion Way turn left. Then take first left into Forest Way and follow to 519 and park in guest parking.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5956956?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/O5956956?w=Customer
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: Non-Applicable
  • Unit Number Y N: No
  • Property Description: Elevated, End Unit
  • Ratio: Close Price\List Price: 0.97035
  • Price per Sq Ft: 329.51
  • Close to Original List Price Ratio: 0.97035
  • View: No
  • Ownership: Condominium
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Vinyl, Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Dormitorio Principal Arriba, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Thermostat, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Ice Maker, Microwave, Range, Refrigerator, Tankless Water Heater, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More
  • Stories: 3
  • Street Number Modifier: 519
  • Room Count: 8

Exterior Features

  • Direction Faces: West
  • Exterior Features: Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Rear Porch, Screened
  • Road Surface Type: Paved
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Flood Zone Panel: 12081C0291E

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air, Zoned
  • Heating: Central, Electric, Zoned
  • 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, Special Community Restrictions, Tennis Courts, Water Access, Waterfront
  • Association Name: Justin Trent/Lori Grecken
  • Phone: 941-460-5560x315
  • Association: No
  • Senior Community: No
  • Condo Fees: 1907
  • Condo Fees Term: Quarterly
  • Association Website: www.lighthousepropertymanagement.net
  • Association Email: lorigerken@mgmt.tv
  • Monthly Condo Fee Amount: 636
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

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: 7927304951
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17

Rental Info

  • Pets Allowed: Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 2 Weeks
  • Approval Process: See Condo Docs and Management for Buyer approval form
  • Num Timesper Year: 26
  • Pet Restrictions: Check with association
  • Lease Restrictions Y N: Yes
  • Month To Month Or Weekly Y N: Yes
  • Additional Lease Restrictions: see Condo docs and management

Tax Info

  • Tax Annual Amount: 4736.31
  • Tax Block: 1002
  • Tax Book Number: 1279-1906
  • Tax Lot: 13

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 17, 2021
Closed on
Sep 8, 2021
Sold by
Walton Dreama J and Howell Bj Forest
Bought by
Ryan Stephen and Ryan Kathleen
Seller's Agent
Carri Schoeller
DALTON WADE INC
Buyer's Agent
Mike Seamon
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$489,000
Sold Price
$474,500
Premium/Discount to List
-$14,500
-2.97%
Current Estimated Value
$602,592

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,092
Avg. Annual Appreciation
6.03%

Purchase Details

Listed on
May 21, 2020
Closed on
Aug 13, 2020
Sold by
Studzinski Kirk Alan
Bought by
Walton Dreama J and Howell Bj Forest
Seller's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
Buyer's Agent
Carri Schoeller
DALTON WADE INC
List Price
$345,000
Sold Price
$333,000
Premium/Discount to List
-$12,000
-3.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
39.23%
Original Mortgage
$292,500
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2018
Sold by
Studzinski Kirk
Bought by
Studzinski Kirk Alan

Purchase Details

Listed on
Sep 30, 2013
Closed on
Aug 8, 2014
Sold by
Wilson Elizabeth C
Bought by
Studzinski Kirk and Studzinski Johanna
Seller's Agent
Troy Funk
REALTY ONE GROUP SUNSHINE
Buyer's Agent
Jesse Griffin
CENTURY 21 BEGGINS ENTERPRISES
List Price
$225,000
Sold Price
$215,000
Premium/Discount to List
-$10,000
-4.44%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.68%
Original Mortgage
$172,000
Interest Rate
4.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 10, 2005
Sold by
Paganelli Robert H and Paganelli Suzanne Q
Bought by
Wilson Elizabeth C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 20, 1999
Sold by
Mcghee Donald
Bought by
Paganelli Robert H and Paganelli Suzanne Q
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
Ryan Stephen $474,500 Attorney
Walton Dreama J $333,000 Stewart Title Company
Studzinski Kirk Alan -- Attorney
Studzinski Kirk $215,000 Attorney
Wilson Elizabeth C $421,000 --
Paganelli Robert H $189,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Walton Dreama J $292,500
Previous Owner Studzinski Kirk $172,000
Previous Owner Wilson Elizabeth C $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/09/2021 09/09/21 Sold $474,500 -3.0% $330 / Sq Ft
07/23/2021 07/23/21 Pending -- -- --
07/16/2021 07/16/21 For Sale $489,000 +46.8% $340 / Sq Ft
08/13/2020 08/13/20 Sold $333,000 -3.5% $231 / Sq Ft View Prior Sale
06/15/2020 06/15/20 Pending -- -- --
05/21/2020 05/21/20 For Sale $345,000 +60.5% $240 / Sq Ft
08/20/2014 08/20/14 Sold $215,000 -4.4% $149 / Sq Ft View Prior Sale
05/29/2014 05/29/14 Pending -- -- --
05/29/2014 05/29/14 For Sale $225,000 0.0% $156 / Sq Ft
03/04/2014 03/04/14 Pending -- -- --
01/14/2014 01/14/14 For Sale $225,000 0.0% $156 / Sq Ft
10/14/2013 10/14/13 Pending -- -- --
09/30/2013 09/30/13 For Sale $225,000 -- $156 / 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 $8,733 $238,119 -- $238,119
2024 $8,733 $633,250 -- $633,250
2023 $8,224 $586,500 $0 $586,500
2022 $6,824 $414,750 $0 $414,750
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: O5956956

Stellar MLS

APN: 79273-0495-1