NOT LISTED FOR SALE

537 Forest Way Longboat Key, FL 34228

Estimated Value: $570,000 - $595,000

2 Beds
2.5 Baths
1,440 Sq Ft
$407/Sq Ft Est. Value

Last Sold February 24, 2020

Last sale price $315,000 $219 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $4,378/month

389 Days on Market

Highlights

  • Fishing Pier
  • Fitness Center
  • View of Trees or Woods
  • Anna Maria Elementary School Rated A-
  • Fishing
  • 2.11 Acre Lot

About This Home

As of February 2020

Beautifully renovated townhome located in Cedars East Tennis Resort. Gorgeous wood flooring in living room, dining room, master bedroom and guest bedroom and quality tile flooring in kitchen and baths. Hardie board siding has been upgraded on the exterior. This home has been well taken care of and has been used primarily by owners but can be an excellent rental investment. Kitchen has granite countertops, stainless steel appliances, tiled backsplash and rollout drawers. This lovely 2 bedroom, 2.5 bath townhome is offered turnkey furnished and features a large open dining room, living room, enclosed screened lanai, oversized attached garage and in unit washer and dryer. Ready to rent out as a vacation rental or move in right away.

Cedars East Tennis Resort offers ten Har-Tru Tennis Courts, Clubhouse, Pro Shop, Fitness Center, Junior Olympic Pool, Nature trails, fishing pier, Restaurant and Tiki Bar. Walk-way through pristine mangroves to Jr. Olympic sized pool. Tennis and fitness memberships available and can be purchased separately. Incredible beaches, town tennis facilities, fishing, kayak rentals, shopping and restaurants nearby.

Last Agent to Sell the Property

Mary Moore

WAGNER REALTY License #3085267 Listed on: 01/04/2019

WAGNER REALTY

Last Buyer's Agent

William Burns

RE/MAX PLATINUM REALTY License #0624263

RE/MAX PLATINUM REALTY

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,069

Year Built

  • Built in 1990

Lot Details

  • West Facing Home
  • Mature Landscaping
  • Wooded Lot
  • Landscaped with Trees

HOA Fees

  • $633 Monthly HOA Fees

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Block Exterior
  • Siding

Interior Spaces

  • 1,440 Sq Ft Home
  • High Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Views of Woods

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Fishing Pier
  • Access to Bay or Harbor
  • Covered Patio or Porch
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Heating and Cooling System
  • High Speed Internet

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, ground maintenance, pest control, private road, sewer, trash, water
  • Lighthouse Management /Alex Mcgonigal Association, Phone Number (941) 460-5560
  • Visit Association Website
  • Cedars East Community
  • Cedars East Sec Two Condomi Subdivision
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • 2 Pets Allowed
  • Small pets allowed

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,069

Year Built

Built in 1990

Lot Details

0

HOA Fees

$633 per month

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Grounds, Pest Control, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Construction Materials: Block, Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1440
  • Lot Size Acres: 2.11
  • New Construction: No
  • Year Built: 1990
  • Lot Size Sq Ft: 91878
  • Directions to Property: North on Gulf of Mexico, East on Companion Way, left on Forest Way, left turn, right turn to 537
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4422786&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4422786&cview=true&show_results=true&customer_portal=true
  • Homestead Y N: No
  • Number Of Pets: 2
  • Total Acreage: 2 to less than 5
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 0.95455
  • Price per Sq Ft: 218.75
  • Close to Original List Price Ratio: 0.875
  • View: Yes
  • Ownership: Condominium
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Split Bedroom, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Window Features: Blinds
  • Street Number Modifier: 537
  • Room Count: 4
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: West
  • Exterior Features: Lighting, Sliding Doors, Storage
  • Roof: Shingle
  • Pool Private: No
  • View: Trees/Woods
  • Water Body Name: Sarasota Bay
  • Waterfront: No
  • Patio and Porch Features: Covered, Screened
  • Water Access: Bay/Harbor
  • Water Extras: Fishing Pier
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Electricity Available, Sewer Connected, Street Lights, Water Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Fishing, Fitness, Pool, Tennis Courts
  • Association Fee: 1900
  • Association Fee Frequency: Quarterly
  • Association Name: Lighthouse Management /Alex McGonigal
  • Phone: 941-460-5560
  • Association: Yes
  • Senior Community: No
  • Association Website: www.lighthousemanagement.com
  • Association Email: alexmcgonigal#mgmt.tv
  • Amenities Additional Fees: Additional Fees to join the Fitness and Tennis Club. See Clubhouse for details and pricing
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7600
  • Monthly HOA Fee: 633.33
  • Total Monthly Fees: 633.33

Lot Info

  • Zoning: R3MX/PC
  • Parcel Number: 7927305404
  • Additional Parcels: No
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Minimum Lease: 2 Weeks
  • Approval Process: Association Approval
  • Num Timesper Year: 26
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 2 week minimum 26 times per year

Tax Info

  • Tax Annual Amount: 4069
  • Tax Book Number: 1279-1906
  • Tax Lot: 22

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2019
Closed on
Feb 24, 2020
Sold by
Mcpherson Thomas and Mcpherson Pamela L
Bought by
Darak Matthew T and Darak Nicole M
Seller's Agent
Mary Moore
WAGNER REALTY
Buyer's Agent
William Burns
RE/MAX PLATINUM REALTY
List Price
$360,000
Sold Price
$315,000
Premium/Discount to List
-$45,000
-12.5%
Current Estimated Value
$586,718

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$271,718
Avg. Annual Appreciation
11.59%
Original Mortgage
$283,500
Outstanding Balance
$251,554
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$335,164

Purchase Details

Listed on
Apr 17, 2012
Closed on
Oct 1, 2012
Sold by
Lampkowski Aleksander
Bought by
Mcpherson Thomas and Mcpherson Pamela L
Seller's Agent
Gabriel Buky
Buyer's Agent
Mary Moore
WAGNER REALTY
List Price
$199,000
Sold Price
$199,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.43%

Purchase Details

Closed on
Dec 21, 2000
Sold by
Lanoue Denis
Bought by
Lamplowksi Aleksander E

Purchase Details

Closed on
Oct 14, 1993
Sold by
Heafey Group Fl Inc
Bought by
Lanoue Denis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,300
Interest Rate
7.07%
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
Darak Matthew T $315,000 Attorney
Mcpherson Thomas $199,000 Attorney
Lamplowksi Aleksander E $177,000 --
Lanoue Denis $199,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Darak Matthew T $283,500
Previous Owner Lanoue Denis $139,300
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/24/2020 02/24/20 Sold $315,000 -4.5% $219 / Sq Ft
01/28/2020 01/28/20 Pending -- -- --
07/31/2019 07/31/19 Price Changed $330,000 -8.3% $229 / Sq Ft
01/04/2019 01/04/19 For Sale $360,000 +80.9% $250 / Sq Ft
10/12/2012 10/12/12 Sold $199,000 0.0% $138 / Sq Ft View Prior Sale
08/29/2012 08/29/12 Pending -- -- --
04/17/2012 04/17/12 For Sale $199,000 -- $138 / 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 $552,500 -- $552,500
2023 $7,300 $514,250 $0 $514,250
2022 $4,224 $367,500 $0 $367,500
2021 $4,055 $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

  • M

    Seller's Agent in 2020

    Mary Moore

    WAGNER REALTY

    (941) 383-5577

    8 in this area

    35 Total Sales

    Mary Moore
    Section Image
  • William Burns

    Buyer's Agent in 2020

    William Burns

    RE/MAX

    (941) 809-6760

    23 Total Sales

    William Burns
    Section Image

  • G

    Seller's Agent in 2012

    Gabriel Buky

See All Agents

Map

Source: Stellar MLS

MLS Number: A4422786

Stellar MLS

APN: 79273-0540-4

Florida Manatee County Longboat Key 34228

537 Forest Way, Longboat Key, FL

This home is located at 537 Forest Way, Longboat Key, FL 34228 since 04 January 2019 and is currently estimated at $586,718, approximately $407 per square foot. This property was built in 1990. 537 Forest Way is a home located in Manatee County with nearby schools including Anna Maria Elementary School, Martha B. King Middle School, and Bayshore 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

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