NOT LISTED FOR SALE

540 Companion Way Longboat Key, FL 34228

Estimated Value: $579,000 - $801,000

1 Bed
1 Bath
713 Sq Ft
$989/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $503,500 $706 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $4,535/month

6 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Outdoor Shower
  • Anna Maria Elementary School Rated A-
  • Eat-In Kitchen
  • Sliding Doors

About This Home

As of June 2021

Amazing opportunity to build your dream home or enjoy this pristine, beach cottage as a weekend getaway on this quiet little street! This property has a metal roof, outdoor shower, carport, storage shed, side deck area and lush landscaping. This adorable cottage is located 3 houses away from direct beach access on Longboat Key. Enjoy the pristine beaches of Longboat Key just across the street! The property has an easement down the road which allows access to the canal to build your own private dock. This lovely little cottage is just a short distance from St Armand's Circle and Anna Maria Island, fantastic restaurants and great shopping!

Last Agent to Sell the Property

Michele Tanner

PREFERRED SHORE LLC License #3190349 Listed on: 04/15/2021

PREFERRED SHORE LLC

Last Buyer's Agent

Gerald Cercone

COLDWELL BANKER REALTY License #0483036

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,463

Year Built

  • Built in 1955

Lot Details

  • 0.39 Acre Lot
  • Lot Dimensions are 210x80
  • Northwest Facing Home
  • Land Lease expires 5/31/21
  • Property is zoned R4SF

Home Design

  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 713 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Sliding Doors

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Ceramic Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Covered Parking
  • Driveway

Pool

  • Outdoor Shower

Schools

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

Utilities

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

Community Details

  • No Home Owners Association
  • Longboat Key Community
  • Longboat Key Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,463

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 713
  • Lot Size Acres: 0.39
  • New Construction: No
  • Year Built: 1955
  • Lot Size Sq Ft: 16801
  • Directions to Property: From St. Armands, head North. At the roundabout, take the exit onto N Boulevard of the Presidents. Continue onto FL-789 for about 7 miles. Turn right onto Companion Way. House will be on the right.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4497467?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4497467?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Ratio: Close Price\List Price: 1.007
  • Price per Sq Ft: 706.17
  • Close to Original List Price Ratio: 1.007
  • View: No
  • Ownership: Fee Simple
  • Tax Year: 2020
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Hardwood
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eating Space In Kitchen
  • Appliances Included: Dishwasher, Electric Water Heater, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Stories: 1
  • Street Number Modifier: 540
  • Room Count: 5

Exterior Features

  • Direction Faces: Northwest
  • Exterior Features: Outdoor Shower, Sliding Doors
  • Roof: Metal
  • Pool Private: No
  • Waterfront: No
  • Water View Y N: No
  • Water Access Y N: No
  • Water Extras Y N: No
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Covered, Driveway
  • Open Parking: No

Utilities

  • Utilities: Cable Available
  • Cooling: Central Air
  • Heating: Central
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Approval Required YN: No

Schools

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

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7929600000
  • Additional Parcels: No
  • Lot Dimensions: 210x80
  • Flood Zone Code: AE
  • Land Lease Expiration Date: 2021-05-31

Rental Info

  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 5463.07
  • Tax Book Number: 7-16;
  • Tax Lot: 3

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2021
Closed on
May 2, 2021
Sold by
Three Together Partnership
Bought by
Cannon Patricia E and Cannon Bradley J
Seller's Agent
Michele Tanner
PREFERRED SHORE LLC
Buyer's Agent
Gerald Cercone
COLDWELL BANKER REALTY
List Price
$500,000
Sold Price
$503,500
Premium/Discount to List
$3,500
0.7%
Current Estimated Value
$704,871

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$201,371
Avg. Annual Appreciation
7.96%
Original Mortgage
$375,000
Outstanding Balance
$338,775
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$366,096

Purchase Details

Closed on
Nov 23, 1999
Sold by
Dambrauskas Stephen
Bought by
Jennings David E and Jennings Linda L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,500
Interest Rate
7.94%
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
Cannon Patricia E $503,500 Barnes Walker Title Inc
Jennings David E $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cannon Patricia E $375,000
Previous Owner Jennings David E $121,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/04/2021 06/04/21 Sold $503,500 +0.7% $706 / Sq Ft
04/20/2021 04/20/21 Pending -- -- --
04/14/2021 04/14/21 For Sale $500,000 -- $701 / 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 $9,712 $505,978 $503,880 $2,098
2024 $9,712 $724,771 $503,880 $220,891
2023 $9,387 $705,485 $484,500 $220,985
2022 $5,797 $420,212 $273,600 $146,612
2021 $5,565 $311,331 $250,800 $60,531
2020 $5,463 $288,049 $228,000 $60,049
2019 $5,490 $288,049 $228,000 $60,049
2018 $5,348 $283,087 $228,000 $55,087
2017 $4,241 $267,579 $0 $0
2016 $3,910 $236,242 $0 $0
2015 $3,206 $203,182 $0 $0
2014 $3,206 $190,991 $0 $0
2013 $2,949 $176,757 $128,000 $48,757
Source: Public Records

Agents Affiliated with this Home

  • Michele Tanner

    Seller's Agent in 2021

    Michele Tanner

    PREFERRED SHORE LLC

    (941) 894-5603

    3 in this area

    77 Total Sales

    Michele Tanner
    Section Image
  • Gerald Cercone

    Buyer's Agent in 2021

    Gerald Cercone

    COLDWELL BANKER REALTY

    (941) 720-1575

    1 in this area

    92 Total Sales

    Gerald Cercone
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4497467

Stellar MLS

APN: 79296-0000-0

Florida Manatee County Longboat Key 34228

540 Companion Way, Longboat Key, FL

This home is located at 540 Companion Way, Longboat Key, FL 34228 since 15 April 2021 and is currently estimated at $704,871, approximately $988 per square foot. This property was built in 1955. 540 Companion 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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