NOT LISTED FOR SALE

5300 Ocean Blvd Unit 502 Sarasota, FL 34242

Estimated Value: $1,190,000 - $1,802,000

2 Beds
2 Baths
1,375 Sq Ft
$768/mo HOA Fee

Last Sold January 15, 2014

Last sale price $800,000 $582 Per Sq Ft

Est. 76% increase in value since last sale

Current estimated payment $9,311/month

534 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Beach Access
  • Solar Heated Indoor Pool
  • Phillippi Shores Elementary School Rated A
  • Fitness Center
  • Full Gulf or Ocean Views

About This Home

As of January 2014

Welcome to the heart of Siesta Key. Terrace East is situated perfectly, with charming Siesta Key Village; at your front door, and Siesta Key Beach; at your back door. This two bedroom condo has been totally remodeled including wood floors, granite counters, and stainless appliances. The beach, Gulf, and Sunset views from this 5th floor unit are gorgeous!!! Come and enjoy what LIVING on Siesta Key is all about.

Last Agent to Sell the Property

Mark McCann, PA

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3087995 Listed on: 06/25/2012

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Camille Buck

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3268262

Last Buyer's Agent

Greg Sheller

RE/MAX ALLIANCE GROUP License #0708681

RE/MAX ALLIANCE GROUP

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,491

Year Built

  • Built in 1973

Lot Details

  • 110 Feet of Waterfront
  • Property fronts gulf or ocean
  • East Facing Home
  • Zero Lot Line

HOA Fees

  • $768 Monthly HOA Fees

Property Views

  • Full Gulf or Ocean
  • Pool
  • Tennis Court

Home Design

  • Entry on the 5th floor
  • Slab Foundation
  • Built-Up Roof

Interior Spaces

  • 1,375 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Rods
  • Sliding Doors
  • Family Room Off Kitchen
  • ENERGY STAR Qualified Washer

Kitchen

  • Built-In Oven
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • ENERGY STAR Qualified Refrigerator
  • ENERGY STAR Qualified Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Home Security

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Pool

  • Solar Heated Indoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • Balcony
  • Deck
  • Patio
  • Outdoor Storage
  • Outdoor Grill
  • Porch

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Additional Features

  • Solar Power System
  • Property is near public transit

Listing and Financial Details

  • 8 to 12-Month Minimum Lease Term
  • Assessor Parcel Number 0080241016

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, insurance, maintenance structure, ground maintenance, maintenance, management, recreational facilities, security, sewer, trash, water
  • High-Rise Condominium
  • Terrace East Community
  • Terrace East Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • 12-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

  • No Pets Allowed

Security

  • Security Service
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,491

Year Built

Built in 1973

Lot Details

0

HOA Fees

$768 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Recreational Facilities, Security, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Other
  • Fireplace: No
  • Living Area: 1375
  • New Construction: No
  • Year Built: 1973
  • Building Area Total: 1543
  • Directions to Property: Terrace East is at Junction of Beach Road and Ocean Blvd.
  • Status: Sold
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 5
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 8-12 Months
  • RATIO Current Price By Calculate: 581.82
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: High Rise
  • MFR_CommunityAssociationWaterFeatures: Water Access
  • Attribution Contact: 941-349-3444
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Wood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, Kitchen/Family Room Combo, Solid Wood Cabinets, Stone Counters, Window Treatments
  • Appliances Included: Built-In Oven, Dishwasher, Electric Water Heater, ENERGY STAR Qualified Dishwasher, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Washer, Exhaust Fan, Range, Range Hood, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: Yes
  • Stories: 12
  • Window Features: Blinds, Rods, Window Treatments
  • Street Number Modifier: 5300
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 127.74
  • Room Count: 4

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage
  • Pool Features: Heated, Indoor, Solar Heat
  • Exterior Features: Balcony, Outdoor Grill, Outdoor Shower, Sliding Doors, Storage
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Pool, Tennis Court, Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure
  • Water Access: Beach,Beach - Access Deeded,Gulf/Ocean
  • Water Extras YN: 0
  • Water View: Gulf/Ocean - Full
  • Water View YN: 1
  • Waterfront Feet Total: 110

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Assigned, Guest

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Fitness Center, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Laundry, Maintenance, Security, Tennis Court(s)
  • Association: No
  • Security: Smoke Detector(s)
  • Association Fee Requirement: None
  • Building Name Number: 5300
  • Condo Fees: 2303

Fee Information

  • Total Annual Fees: 9212.00
  • Total Monthly Fees: 767.67

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0080241016
  • Additional Parcels: No
  • Lot Features: In County, Near Public Transit, Sidewalk, Paved, Zero Lot Line
  • Homestead YN: 0
  • Zoning Compatible YN: 1
  • Future Land Use: 0405

Green Features

  • Efficiency: Appliances
  • Green Power: Solar

Rental Info

  • Pets Allowed: No
  • Lease Restrictions YN: 1
  • Expected Lease Date: 2014-01-15T00:00:00.000

Tax Info

  • Tax Annual Amount: 6491
  • Tax Book Number: 0006/0023

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 25, 2012
Closed on
Jan 15, 2014
Sold by
Mccann Mark and Paxton Donald
Bought by
502 Terrace East Llc
Seller's Agent
Mark McCann, PA
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Greg Sheller
RE/MAX ALLIANCE GROUP
List Price
$865,000
Sold Price
$800,000
Premium/Discount to List
-$65,000
-7.51%
Current Estimated Value
$1,408,852

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$608,852
Avg. Annual Appreciation
4.93%

Purchase Details

Closed on
Dec 2, 2005
Sold by
Naylor Charles W and Naylor Loretta K
Bought by
Mccann Mark and Paxton Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$742,500
Interest Rate
7.37%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 31, 1995
Sold by
Grossman Eleanor R and Deutsch Nathaniel
Bought by
Olson Richard J and Olson Antoinette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
9.21%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
502 Terrace East Llc $800,000 Attorney
Mccann Mark $990,000 --
Olson Richard J $200,000 --
Olson Richard J -- --
Olson Richard J -- --
Olson Richard J -- --
Olson Richard J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mccann Mark $742,500
Previous Owner Olson Richard J $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $800,000 -7.5% $582 / Sq Ft
12/12/2013 12/12/13 Pending -- -- --
06/20/2013 06/20/13 For Sale $865,000 0.0% $629 / Sq Ft
06/19/2013 06/19/13 Price Changed $865,000 +19.3% $629 / Sq Ft
02/23/2013 02/23/13 Pending -- -- --
11/13/2012 11/13/12 Price Changed $725,000 -6.5% $527 / Sq Ft
06/25/2012 06/25/12 For Sale $775,000 -- $564 / 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 $13,149 $1,021,796 -- --
2023 $13,149 $1,238,600 $0 $1,238,600
2022 $11,598 $1,048,100 $0 $1,048,100
2021 $9,907 $790,500 $0 $790,500
2020 $9,085 $697,900 $0 $697,900
2019 $9,255 $716,600 $0 $716,600
2018 $8,759 $676,800 $0 $676,800
2017 $8,603 $652,700 $0 $652,700
2016 $8,772 $652,700 $0 $652,700
2015 $8,875 $643,100 $0 $643,100
2014 $7,929 $499,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Mark McCann, PA

    Seller's Agent in 2014

    Mark McCann, PA

    Michael Saunders

    (941) 685-7624

    7 in this area

    26 Total Sales

    Mark McCann, PA
    Section Image
  • Camille Buck

    Seller Co-Listing Agent in 2014

    Camille Buck

    Michael Saunders

    (941) 894-4771

    2 in this area

    30 Total Sales

    Camille Buck
    Section Image
  • Greg Sheller

    Buyer's Agent in 2014

    Greg Sheller

    RE/MAX

    (941) 266-8777

    35 Total Sales

    Greg Sheller
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A3962233

Stellar MLS

APN: 0080-24-1016

Florida Sarasota County Sarasota 34242

5300 Ocean Blvd Unit 502, Sarasota, FL

This home is located at 5300 Ocean Blvd Unit 502, Sarasota, FL 34242 since 25 June 2012 and is currently estimated at $1,408,852, approximately $1,024 per square foot. This property was built in 1973. 5300 Ocean Blvd Unit 502 is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

Nearby Homes