NOT LISTED FOR SALE

550 1st St Unit U109 Cedar Key, FL 32625

Estimated Value: $128,000 - $304,000

1 Bed
1 Bath
560 Sq Ft
1,525 Sq Ft Lot

Sale Details

Date Sold: October 20, 2020

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

Est. 9% decrease in value since last sale

Current estimated payment $1,606 / mo

590 Days on Market

Highlights

  • Home fronts a seawall
  • Gulf View
  • Furnished
  • Concrete Pool
  • Open Floorplan
  • 4-minute walk to Lil Shark Park

About This Home

As of October 2020

Preeminent location in Cedar Key! Located on the Gulf with spectacular views! This 1/1 condo located on 1st floor has been TOTALLY RENOVATED (2018) and features granite countertops, new custom solid wood cabinets & stainless steel appliances, luxury vinyl plank flooring throughout, walk-inshower, new tankless Rheem water heater & Mitsubishi heating/cooling system, new hurricane windows & patio sliding doors, and interior was completely repainted. Brand new queen sleeper sofa, so unit will sleep 4-people easily. Complex has new salt water pool & picnic/grill area for gatherings. Condominium comes fully furnished! This place can be used for your own "get away" and/or an investment rental. Seller is a real estate licensee w/ State of Florida.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,516

Year Built

  • Built in 1982

Lot Details

  • Home fronts a seawall
  • Property fronts gulf or ocean
  • Landscaped

HOA Fees

  • $470 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

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

Interior Spaces

  • 560 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Wired For Data
  • Ceiling Fan
  • Double Pane Windows
  • Low Emissivity Windows
  • Tinted Windows
  • Blinds
  • Sliding Doors
  • Luxury Vinyl Plank Tile Flooring
  • Gulf Views
  • Crawl Space

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Electric Washer and Dryer

Home Security

Accessible Home Design

  • Accessible Doors
  • No Interior Steps
  • No Carpet

Eco-Friendly Details

  • Energy-Efficient Appliances
  • Energy-Efficient Insulation
  • Energy-Efficient Thermostat

Pool

  • Concrete Pool
  • Saltwater Pool

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Location

  • In Flood Plain
  • Flood Insurance May Be Required

Utilities

  • SEER Rated 16+ Air Conditioning Units
  • Heating Available
  • Programmable Thermostat
  • Underground Utilities
  • Tankless Water Heater
  • Internet Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1766300000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Recreation

  • Gulf Boat Access
  • Community Pool

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,516

Year Built

Built in 1982

Lot Details

1,525 Sq Ft Lot

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
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: From Gainesville take SR 24 to Cedar Key. Road will dead end in Cedar Key at First Street. Turn left and complex will immediately be on your right.
  • Architectural Style: Cracker, Other, Vintage
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Efficiency: Thermostat, Tankless Water Heater-Electric, Appliances, Water Heater, SEER 16+, No FL Invasive Plants
  • Year Built: 1982
  • Attribution Contact: 0
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Dishwasher, Electric Cooktop, Microwave, Washer, Microwave Hood, Refrigerator, Washer/Dryer Stacked, Dryer - Electric, Electric Water Heater, Tankless Water Heater
  • Accessibility Features: Accessible Doors, Level Flooring, No Stairs
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors, Other Windows/Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Luxury Vinyl Planking, No Carpet
  • Interior Amenities: Granite Counters, Ceiling Fan(s), Open Floorplan, Breakfast Bar, Wood Cabinets, Wired for Data
  • Living Area: 560
  • Window Features: Other Windows/Doors, Tinted Windows, Double Pane Windows, Blinds, Window Treatments, Low Emissivity Windows

Exterior Features

  • Fencing: None
  • Lot Features: Other, Landscaped, Air Strip Access, Flood Insurance Current, Flood Plain
  • Pool Features: Salt Water, Concrete Pool
  • Topography: Other
  • View: Gulf View
  • View: Yes
  • Waterfront Features: Seawall, Gulf Access, Gulf Front
  • Waterfront: Yes
  • Disclosures: HOA Disclosure, Seller Property Disclosure
  • Construction Type: Frame, Other, HardiPlank Type, Insulation Upgrade
  • Exterior Features: Lighting, Barbecue, Outdoor Grill
  • Foundation Details: Coastal, Crawl Space, Pillar/Post/Pier
  • Patio And Porch Features: Porch, Patio
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Street, Other

Utilities

  • Laundry Features: Laundry Closet
  • Security: Smoke Detector(s), Carbon Monoxide Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Programmable Thermostat, Electric
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop
  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet, Underground Utilities
  • Water Source: Public, Metered

Condo/Co-op/Association

  • Community Features: Pool, Community Pool, Street Lights, Restrictive Covenants
  • Association Fee: 1410
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pets Allowed: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1766300000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 1515.81
  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 7, 2019
Closed on
Oct 20, 2020
Sold by
Jacobson Albert Page and Jacobson Anna Claire
Bought by
Dibenedetto Louis and Dibenedetto Ann Mary
List Price
$180,000
Sold Price
$165,000
Premium/Discount to List
-$15,000
-8.33%
Current Estimated Value
$150,566

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$14,434
Avg. Annual Appreciation
3.36%

Purchase Details

Closed on
Jun 16, 2020
Sold by
Jacobson Claire G and Page Jacobson A
Bought by
Jacobson Albert Page and Jacobson Anna Claire

Purchase Details

Closed on
Feb 25, 2016
Sold by
Jacobson A Page
Bought by
Jacobson A Page and Jacobson Claire G

Purchase Details

Closed on
May 31, 2002
Sold by
Deboer Dale E and Deboer June E
Bought by
Deboer Dale E and Deboer June E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$68,500
Interest Rate
6.77%
Source: Public Records
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Purchase History

Date Buyer Sale Price Title Company
Dibenedetto Louis $165,000 Attorney
Jacobson Albert Page -- Attorney
Jacobson Family Trust $100 Salter Feiber Pa
Jacobson A Page -- Attorney
Deboer Dale E -- Security Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Deboer Dale E $68,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/20/2020 10/20/20 Sold $165,000 -8.3% $295 / Sq Ft
09/20/2020 09/20/20 Pending -- -- --
02/07/2019 02/07/19 For Sale $180,000 -- $321 / Sq Ft
Source: Dixie Gilchrist Levy Counties Board of REALTORS®

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 $4,042 $106,251 $1 $106,250
2024 $4,042 $212,500 $1 $212,499
2023 $3,963 $169,399 $0 $0
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

Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 777257

APN: 17663-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U109, Cedar Key, FL

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