NOT LISTED FOR SALE

550 1st St Unit U108 Cedar Key, FL 32625

Estimated Value: $184,000 - $260,000

1 Bed
1 Bath
560 Sq Ft
$470/mo HOA Fee

Last Sold January 22, 2020

Last sale price $165,000 $295 Per Sq Ft

Est. 33% increase in value since last sale

Current estimated payment $1,956/month

30 Days on Market

Highlights

  • Airport or Runway
  • Waterfront
  • Deck
  • Heated Spa
  • Open Floorplan
  • 4-minute walk to Lil Shark Park

About This Home

As of January 2020

Sit on the deck and LET YOUR FEET HANG OVER. They will almost touch the water as the tide curls in. FULLY RENOVATED in 2017, this condo features wood-like ceramic tile floors, granite kitchen counter tops, new double-pane sliding glass doors, new thermal pane windows, a split-type Mr. Slim air & heat system, a tankless electric water heater and all new appliances. As an end condo, it has three new windows on the west side, overlooking the salt water pool and the Gulf. With only two sets of owners since it was constructed in 1982, this condo is a keeper. The owners tell me it's been a top rental when they aren't using it. Do what they did. Use it for special times and let it pay for itself the rest of the time.

Last Agent to Sell the Property

Doris Hellerman

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK233842 Listed on: 11/22/2019

Last Buyer's Agent

Doris Hellerman

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK233842 Listed on: 11/22/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,442

Year Built

  • Built in 1982

Lot Details

  • Waterfront
  • Landscaped
  • Oversized Lot
  • Level Lot

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Key West Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof
  • HardiePlank Type

Interior Spaces

  • 560 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Electric Fireplace
  • Thermal Windows
  • Double Pane Windows
  • Window Treatments
  • Sliding Doors
  • Smart Thermostat

Kitchen

  • Breakfast Bar
  • Electric Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom
  • Low Flow Plumbing Fixtures

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Parking

  • Shared Driveway
  • Paved Parking
  • Open Parking
  • Off-Street Parking

Pool

  • Heated Spa
  • Saltwater Pool
  • Fence Around Pool

Outdoor Features

  • Rip-Rap
  • Deck
  • Exterior Lighting
  • Outdoor Grill

Location

  • In Flood Plain
  • Flood Insurance May Be Required

Utilities

  • Cooling Available
  • Heating Available
  • Tankless Water Heater
  • Internet Available
  • Satellite Dish

Listing and Financial Details

  • Assessor Parcel Number 1766200000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Recreation

  • Community Playground
  • Park

Additional Features

  • Airport or Runway
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,442

Year Built

Built in 1982

Lot Details

0

HOA Fees

$470 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: City Street, Maintained
  • Road Surface Type: Paved
  • Water Body Name: Gulf of Mexico
  • Inclusions: Furniture And Furnishings
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: From State Road 24 in Cedar Key, drive south to the end of the road. Turn left onto 1st Street. The Island Place will be on your right. In compliance with association regulations, no Cedar Key Realty, Inc. sign is located on this property.
  • Architectural Style: Key West
  • Carport Y N: No
  • Garage Yn: No
  • New Construction: No
  • Efficiency: Tankless Water Heater-Electric
  • Year Built: 1982
  • Attribution Contact: 3525439899
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Spa Features: Heated
  • Private Spa: Yes
  • Appliances: Electric Range, Dishwasher, Microwave Hood, Washer/Dryer Stacked, Electric Water Heater, Tankless Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Fireplace Features: Electric
  • Fireplace: Yes
  • Interior Amenities: Granite Counters, Ceiling Fan(s), Open Floorplan, Breakfast Bar, Low Flow Plumbing Fixtures, Smart Thermostat
  • Living Area: 560
  • Window Features: Double Pane Windows, Thermal Glass Windows, Window Treatments

Exterior Features

  • Fencing: None
  • Lot Features: Corner Lot, Oversize, Landscaped, Flood Insurance Current, Flood Plain
  • Pool Features: Fenced, Salt Water, Heated
  • Topography: Level
  • Waterfront Features: Riprap, Other
  • Waterfront: Yes
  • Disclosures: HOA Disclosure
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Lighting, Barbecue, Outdoor Grill
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Off Street, Open, Asphalt, Shared Driveway

Utilities

  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Fireplace(s), Electric
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop
  • Sewer: Public Sewer
  • Utilities: Satellite, Internet
  • Water Source: Public, Metered

Condo/Co-op/Association

  • Community Features: Park, Street Lights, Playground, Airport/Runway, Sidewalks
  • Association Fee: 470
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1766200000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2441.78
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 7, 2022
Sold by
Patton Christopher D and Patton Karen E
Bought by
Halleen Chad Aaron
Current Estimated Value
$220,250

Purchase Details

Listed on
Nov 22, 2019
Closed on
Jan 22, 2020
Sold by
Onufry Richard A and Barss Twila V
Bought by
Patton Christopher D and Patton Karen E
Seller's Agent
Doris Hellerman
Cedar Key Realty, Inc.
Buyer's Agent
Doris Hellerman
Cedar Key Realty, Inc.
List Price
$165,000
Sold Price
$165,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$129,000
Interest Rate
3.73%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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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
Halleen Chad Aaron $202,400 Levy Abstract & Title
Patton Christopher D $165,000 Levy Abstract And Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Patton Christopher D $129,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/22/2020 01/22/20 Sold $165,000 0.0% $295 / Sq Ft
12/23/2019 12/23/19 Pending -- -- --
11/22/2019 11/22/19 For Sale $165,000 -- $295 / Sq Ft
Source: Dixie Gilchrist Levy Counties Board of REALTORS®

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 $3,359 $159,376 $1 $159,375
2023 $4,637 $212,500 $1 $212,499
2022 $3,438 $170,000 $1 $169,999
2021 $3,119 $139,999 $1 $139,998
2020 $2,780 $126,999 $0 $0
2019 $2,544 $114,999 $0 $0
2018 $1,516 $62,700 $0 $0
2017 $1,529 $62,700 $0 $0
2016 $2,501 $104,500 $0 $0
2015 $2,249 $94,999 $0 $0
2014 $2,065 $84,999 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Doris Hellerman

    Cedar Key Realty, Inc.

    (352) 210-1155

    85 Total Sales

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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 779060

APN: 17662-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U108, Cedar Key, FL

This home is located at 550 1st St Unit U108, Cedar Key, FL 32625 since 22 November 2019 and is currently estimated at $221,481, approximately $395 per square foot. This property was built in 1982. 550 1st St Unit U108 is a home located in Levy County with nearby schools including Cedar Key High School.

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