NOT LISTED FOR SALE

539 Forest Way Unit 23 Longboat Key, FL 34228

Estimated Value: $568,000 - $632,826

2 Beds
2.5 Baths
1,440 Sq Ft
2.11 Acres

Last Sold May 20, 2021

Last sale price $465,000 $323 Per Sq Ft

Est. 30% increase in value since last sale

Current estimated payment $3,930/month

11 Days on Market

Highlights

  • Waterfront Community
  • Water Access
  • Fishing
  • Anna Maria Elementary School Rated A-
  • Fitness Center
  • Traditional Architecture

About This Home

As of May 2021

Beautiful unit, recently remodel improvements. See Pictures to get a full appreciation of units interior and surroundings. This home is located in a private cul-de-sac drive with gorgeous surroundings, no one in your back yard to see. The Cedars is a wonderful community with intercoastal waterway on one side and sugar sandy beaches on the other. This community has tennis courts, large community pool and recreation area, bike paths, scenic walkways there is so much to appreciate. The Cedars is a Gem located on Longboat Key, with so many amenities, and close proximality to great attractions like St. Armand Key, Shops, and restaurants. The home itself is marvelously decorated with comfortable furnishings, quartz countertops and stainless appliances in the kitchen. You will feel totally at home in this relaxing atmosphere, comfort, and fully equipped unit. Not only is this a great investment opportunity, but a place you would be very happy to call home. Some of the highlights of this unit that make it special 1. Siding on exterior of unit recently replaced and upgraded in 2017, unit is on a cul-de-sac means more space, rear of the unit faces trees and shrubbery so more privacy, unit closer to front of the complex therefore closer to the gulf and beach access, Kitchen is updated, quartz countertops, stainless appliances, new cabinet doors, new furnishings, updated floors, upgraded washer & dryer, updated master bedroom and closet, relatively new dual AC units with scrubbers, new hot water heater, epoxy floor covering in the garage, and so much more, ready to enjoy and fully appreciate all the work that has been done.

Last Agent to Sell the Property

Richard Bond

SKIPPER & ASSOCIATES, INC. License #0658139 Listed on: 04/02/2021

Co-Listed By

Skipper Bond

SKIPPER & ASSOCIATES, INC. License #266504259

Last Buyer's Agent

Rebecca Malowany

SMITH & ASSOCIATES REAL ESTATE License #3207116

SMITH & ASSOCIATES REAL ESTATE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,736

Year Built

  • Built in 1990

Lot Details

  • West Facing Home
  • Irrigation

Parking

  • 1 Car Attached Garage
  • Oversized Parking
  • Common or Shared Parking
  • Ground Level Parking
  • Tandem Parking
  • Garage Door Opener
  • Guest Parking
  • Open Parking

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Shingle Roof
  • Cement Siding
  • Block Exterior

Interior Spaces

  • 1,440 Sq Ft Home
  • 2-Story Property
  • High Ceiling
  • Ceiling Fan
  • Window Treatments
  • Sliding Doors
  • Combination Dining and Living Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Disposal

Flooring

  • Carpet
  • Porcelain Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Outdoor Features

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

Utilities

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

Listing and Financial Details

  • Tax Lot 23
  • Assessor Parcel Number 7927305453

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance exterior, ground maintenance, maintenance repairs, manager, private road, sewer, trash, water
  • Cedars East Community
  • Cedars East Sec 2 Subdivision
  • Association Approval Required
  • The community has rules related to deed restrictions

Recreation

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

Pet Policy

  • Pets up to 35 lbs
  • Pet Size Limit

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,736

Year Built

Built in 1990

Lot Details

0

Parking

1

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Exterior, Maintenance Grounds, Maintenance Repairs, Manager, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Property Description: Elevated
  • Water Extras: Dock - Composite, Fishing Pier
  • Construction Materials: Block, Cement Siding, Wood Frame
  • Living Area: 1440.00
  • Year Built: 1990
  • Building Area Total: 2268.00
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4496346?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4496346?w=Customer
  • Building Search Sq Meters: 210.70
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4496346?w=PubMLS
  • Directions to Property: Gulf of Mexico drive to east on Companion Way to left on Forrest Way
  • Escrow State: FL
  • List Office Head Office Key Nume: 1044514
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 6
  • Living Area Units: Square Feet
  • Flooring: Carpet, Porcelain Tile, Vinyl
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), High Ceiling(s), Living Room/Dining Room Combo, Solid Surface Counters, Split Bedroom, Thermostat, Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Floor Number: 1
  • Levels: Three Or More
  • Stories: 2
  • Living Area Meters: 133.78
  • Street Number Modifier: 539

Exterior Features

  • Direction Faces: West
  • Water Extras: Yes
  • Water Access: Bay/Harbor, Gulf/Ocean to Bay, Intracoastal Waterway
  • Exterior Features: Balcony, Irrigation System, Lighting, Rain Gutters, Sliding Doors
  • Roof: Shingle
  • Flood Zone Code: AE
  • Flood Zone Date: 03/17/2014
  • Flood Zone Panel: 12081C0291E
  • Water Access: Yes
  • Patio and Porch Features: Covered, Screened

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Common, Garage Door Opener, Ground Level, Guest, Open, Oversized, Tandem

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Underground Utilities, Water Connected
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Cedars East
  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Pool, Tennis Courts, Water Access, Waterfront
  • Pet Restrictions: See community by laws
  • Condo Fees: 1867
  • Condo Fees Term: Quarterly
  • Condo Land Included: Yes
  • Max Pet Weight: 35
  • Monthly Condo Fee Amount: 622
  • Pet Size: Small (16-35 Lbs.)
  • Association Approval Required: Yes

Fee Information

  • Total Annual Fees: 7468.00
  • Total Monthly Fees: 622.33

Lot Info

  • Total Acreage: Non-Applicable
  • Zoning: R3MX/PC
  • Parcel Number: 7927305453

Rental Info

  • Minimum Lease: 2 Weeks
  • Additional Lease Restrictions: see Condo docs and management
  • Lease Restrictions: Yes
  • Pets Allowed: Size Limit

Multi Family

  • Approval Process: See Condo Docs and Management for Buyer approval form

Tax Info

  • Tax Annual Amount: 4736.31
  • Tax Book Number: 1279-1906
  • Tax Lot: 23

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2021
Closed on
May 20, 2021
Sold by
Howell Mark J and Bernardi Nicole M
Bought by
Cooper Seth and Cooper Amanda
Seller's Agent
Richard Bond
SKIPPER & ASSOCIATES, INC.
Buyer's Agent
Rebecca Malowany
SMITH & ASSOCIATES REAL ESTATE
List Price
$480,000
Sold Price
$465,000
Premium/Discount to List
-$15,000
-3.12%
Current Estimated Value
$605,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$140,707
Avg. Annual Appreciation
6.15%
Original Mortgage
$311,250
Outstanding Balance
$282,070
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$323,637

Purchase Details

Closed on
Jan 5, 2021
Sold by
Oreilly Neville E and Oreilly Margaret E
Bought by
Howell Mark J and Bernardi Nicole M

Purchase Details

Closed on
Jun 15, 2016
Sold by
Parker Mark R and Parker Amanda R
Bought by
Reilly Neville E O and Reilly Margaret E O

Purchase Details

Closed on
Dec 18, 2007
Sold by
Herpst Gregg L
Bought by
Parker Mark R and Parker Amanda R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 4, 1999
Sold by
Batarseh Samira J
Bought by
Herpst Gregg L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,500
Interest Rate
6.9%
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
Cooper Seth $465,000 Attorney
Howell Mark J $380,000 Attorney
Reilly Neville E O $300,000 None Available
Parker Mark R $340,000 Attorney
Herpst Gregg L $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cooper Seth $311,250
Previous Owner Parker Mark R $110,000
Previous Owner Herpst Gregg L $157,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/20/2021 05/20/21 Sold $465,000 -3.1% $323 / Sq Ft
04/13/2021 04/13/21 Pending -- -- --
04/02/2021 04/02/21 For Sale $480,000 -- $333 / 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 $5,252 $414,750 $0 $414,750
2021 $5,042 $310,000 $0 $310,000
2020 $4,736 $265,000 $0 $265,000
2019 $4,548 $265,000 $0 $265,000
2018 $0 $220,000 $0 $0
2017 $1,967 $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: A4496346

Stellar MLS

APN: 79273-0545-3