NOT LISTED FOR SALE

532 Forest Way Unit 25 Longboat Key, FL 34228

Estimated Value: $548,000 - $612,000

2 Beds
2.5 Baths
1,440 Sq Ft
$665/mo HOA Fee

Last Sold September 15, 2017

Last sale price $249,000 $173 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $4,356/month

1 Day on Market

Highlights

  • Fishing Pier
  • In Ground Pool
  • Furnished
  • Anna Maria Elementary School Rated A-
  • Deck
  • Mature Landscaping

About This Home

As of September 2017

Ideal location on the north end of Longboat Key for this spacious end unit town home with updated windows. This two bedroom, two and half bath residence has a foyer with a one car garage on the 1st level. The 2nd level has a living room with a screened in lanai overlooking a tennis court and a dinning room which leads into the kitchen with a half bath. Both bedrooms are on the 3rd level with two bathrooms and a utility room with a full size washer and dryer. Cedars East has a heated Junior Olympic size pool, fishing pier, and boardwalk trails as well as on-site management. Residents may want to join for an additional fee the Cedars East Tennis Resort that includes: 10 lighted Har-Tru tennis courts, Clubhouse, Pro Shop and Fitness Center. Close to the beach access, restaurants and shopping. Rentals are a 2 week minimum 26 times a year. Enjoy Island living at Cedars East.

Last Agent to Sell the Property

Jennifer Meyer

MICHAEL SAUNDERS & COMPANY License #3099026 Listed on: 08/08/2017

MICHAEL SAUNDERS & COMPANY

Co-Listed By

Bruce Meyer

MICHAEL SAUNDERS & COMPANY License #3021422

Last Buyer's Agent

Bill Anderson

MICHAEL SAUNDERS & COMPANY License #3288173

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,249

Year Built

  • Built in 1989

Lot Details

  • 2.11

HOA Fees

  • $665 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Garage Door Opener

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Inside Utility

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Fishing Pier
  • Deeded access to the beach
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Schools

  • Anna Maria Elementary School
  • W.D. Sugg Middle School
  • Bayshore High School

Utilities

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

Additional Features

  • Mature Landscaping
  • Flood Zone Lot

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, management, recreational facilities, sewer, trash, water
  • 98 Units
  • Cedars East Community
  • Cedars East Sec Two Condomi Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Community Pool

Pet Policy

  • Pets up to 30 lbs
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,249

Year Built

Built in 1989

Lot Details

0

HOA Fees

$665 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Management, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • New Construction: No
  • Year Built: 1989
  • Building Area Total: 2268
  • Directions to Property: From south Longboat Key, go north on Gulf of Mexico Drive to east (right) on Companion Way to left on Forest Way to 532.
  • Status: Sold
  • Co List Office Mls Id: MFR281502004
  • Co List Office Phone: 941-383-7591
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 1
  • List Office Head Office Key Nume: 1046728
  • Minimum Lease: 2 Weeks
  • Number Of Pets: 2
  • RATIO Current Price By Calculate: 172.92
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Amenities Additional Fees: Cedars East Tennis Club access, offering tennis & fitness amenities can be available with membership fees.
  • Tax Year: 2016
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: Three Or More, Two
  • Stories: 3
  • Street Number Modifier: 532
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Room Count: 5

Exterior Features

  • Pool Features: In Ground
  • Exterior Features: Balcony, Lighting, Rain Gutters
  • Roof: Shingle
  • Home Warranty: No
  • Pool Private: No
  • Waterfront: No
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Disclosures: Condominium Disclosure Available
  • Water Access: Beach - Access Deeded
  • Water Extras: Fishing Pier
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 0
  • Flood Zone Date: 2014-03-17T00:00:00.000
  • Flood Zone Panel: 12081C0291E

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Garage Door Opener

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool
  • Association: No
  • Senior Community: No
  • Association Approval Required YN: 1
  • Pet Restrictions: 2 pets allowed, 30 lb max
  • Association Fee Requirement: None
  • Building Name Number: 532
  • Condo Fees: 1994
  • Condo Land Included YN: 0
  • Max Pet Weight: 30
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 665
  • Pet Size: Small (16-35 Lbs.)

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927305552
  • Additional Parcels: No
  • Lot Features: FloodZone, Paved
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Zoning Compatible YN: 1

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Additional Lease Restrictions: 2 week min

Multi Family

  • Number Of Units Total: 98
  • Approval Process: As per association guidelines

Tax Info

  • Tax Annual Amount: 3249
  • Tax Book Number: 1279-1906
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 30, 2020
Sold by
Holbrook James R and Holbrook Karen A
Bought by
Amos Theresa
Current Estimated Value
$576,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,800
Outstanding Balance
$243,432
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$332,999

Purchase Details

Listed on
Aug 8, 2017
Closed on
Sep 13, 2017
Sold by
Vanderhye Cecila
Bought by
Holbrook James R and Holbrook Karen A
Seller's Agent
Jennifer Meyer
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Bill Anderson
MICHAEL SAUNDERS & COMPANY
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.90%

Purchase Details

Closed on
Sep 17, 2002
Sold by
Forrester Alan D and Forrester Betty V
Bought by
Vanderhye Roger and Vanderhye Cecilia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 15, 2000
Sold by
Harvey E Ruth
Bought by
Forrester Alan D and Forrester Betty

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
8.07%
Mortgage Type
Purchase Money Mortgage
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
Amos Theresa $341,000 Attorney
Holbrook James R $249,000 Attorney
Vanderhye Roger $250,000 --
Forrester Alan D $180,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Amos Theresa $272,800
Previous Owner Vanderhye Roger $225,000
Previous Owner Forrester Alan D $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/17/2018 08/17/18 Off Market $249,000 -- --
09/15/2017 09/15/17 Sold $249,000 0.0% $173 / Sq Ft
08/10/2017 08/10/17 Pending -- -- --
08/08/2017 08/08/17 For Sale $249,000 -- $173 / 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 $7,732 $207,060 -- $207,060
2024 $7,732 $529,678 -- --
2023 $7,670 $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: A4193535

Stellar MLS

APN: 79273-0555-2