NOT LISTED FOR SALE

550 1st St Unit U113 Cedar Key, FL 32625

Estimated Value: $139,000 - $223,000

1 Bed
1 Bath
550 Sq Ft
$524/mo HOA Fee

Last Sold August 04, 2021

Last sale price $175,000 $318 Per Sq Ft

Est. 9% increase in value since last sale

Current estimated payment $1,879/month

94 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Deck
  • Furnished
  • In Ground Pool
  • Traditional Architecture
  • 4-minute walk to Lil Shark Park

About This Home

As of August 2021

Here's a desirable corner condominium unit that has been totally updated with vinyl plank flooring, new kitchen cabinets and granite counter. Comfortable living/dining area offers spectacular view through sliding glass doors to your private balcony overlooking the Gulf. New hurricane impact glass windows/doors. Unit sold completely furnished. Income producing with good rental history. Located in the heart of town within walking distance to all restaurants, shops and City Marina. A short walk over the bridge to Dock Street. Condo salt water pool and bbq area. Entire property has been completely renovated/updated in 2016-2017.

Last Buyer's Agent

Vanessa Edmunds

Cedar Key Realty, Inc. License #BK3263028

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,945

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Landscaped

HOA Fees

  • $524 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 550 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Thermal Windows
  • Solar Tinted Windows
  • Blinds
  • Luxury Vinyl Plank Tile Flooring
  • Stacked Washer and Dryer

Kitchen

  • Electric Cooktop
  • Granite Countertops
  • Pass Thru Counter

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Parking

  • Paved Parking
  • Open Parking

Pool

  • In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Deck

Location

  • In Flood Plain
  • Flood Insurance May Be Required

Utilities

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

Listing and Financial Details

  • Assessor Parcel Number 1766700000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Security

  • Storm Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,945

Year Built

Built in 1982

Lot Details

0

HOA Fees

$524 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Water Body Name: Gulf of Mexico
  • Inclusions: All Furnishings, Decor, Household Items
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: From State Road 19, West on Highway 24. At stop sign in Cedar Key, go 1 block passed stop sign. Turn left. Condo buildings will be immediately on right.
  • Architectural Style: Traditional
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 1982
  • Attribution Contact: 3525435581
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Refrigerator, Electric Cooktop, Dryer, Electric Range, Washer/Dryer Stacked, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Luxury Vinyl Planking
  • Interior Amenities: Granite Counters, Pass thru Counter
  • Living Area: 550
  • Window Features: Storm Window(s), Thermal Glass Windows, Solar Tinted Windows, Blinds

Exterior Features

  • Lot Features: Other, Landscaped, Flood Insurance Current, Flood Plain
  • Pool Features: In Ground, Salt Water
  • Topography: Level
  • Waterfront Features: None, Gulf Front
  • Waterfront: Yes
  • Disclosures: Seller Property Disclosure
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Balcony
  • Foundation Details: Pillar/Post/Pier
  • Patio And Porch Features: Deck
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Open, Asphalt

Utilities

  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop, Electricity Connected
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Internet, Satellite
  • Water Source: Metered, Public

Condo/Co-op/Association

  • Association Fee: 524
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1766700000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2944.92
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 18, 2024
Sold by
Zinn Eric J
Bought by
Island Place At Cedar Key Condominium Owners
Current Estimated Value
$190,232

Purchase Details

Listed on
Apr 1, 2021
Closed on
Aug 2, 2021
Sold by
Lawless Properties Llc
Bought by
Zinn Eric J
Buyer's Agent
Vanessa Edmunds
Cedar Key Realty, Inc.
List Price
$175,000
Sold Price
$175,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.91%
Original Mortgage
$136,410
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Jul 13, 2018
Closed on
Jul 31, 2019
Sold by
Callaway G Edwin and Callaway Judy K
Bought by
Lawless Properties Llc
Seller's Agent
Vanessa Edmunds
Cedar Key Realty, Inc.
List Price
$164,500
Sold Price
$150,000
Premium/Discount to List
-$14,500
-8.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.97%

Purchase Details

Listed on
Mar 1, 2016
Closed on
May 18, 2016
Sold by
Ettalyn Inc
Bought by
Callaway G Edwin G and Callaway Judy K
Seller's Agent
Caryn Stephenson
Pelican Realty
Buyer's Agent
Vanessa Edmunds
Cedar Key Realty, Inc.
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.07%

Purchase Details

Listed on
Mar 1, 2016
Closed on
May 1, 2016
Bought by
Callaway G Edwin
Seller's Agent
Caryn Stephenson
Pelican Realty
Buyer's Agent
Vanessa Edmunds
Cedar Key Realty, Inc.
List Price
$149,000
Sold Price
$145,000
Premium/Discount to List
-$4,000
-2.68%

Purchase Details

Closed on
Oct 30, 2014
Sold by
Wyrosdick Patricia K and Thibodeau Patricia K
Bought by
Ettalyn Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Island Place At Cedar Key Condominium Owners $100 None Listed On Document
Island Place At Cedar Key Condominium Owners $100 None Listed On Document
Zinn Eric J $175,000 Attorney
Lawless Properties Llc $150,000 Attorney
Callaway G Edwin G $145,000 Attorney
Callaway G Edwin $145,000 --
Ettalyn Inc $87,500 Levy Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Zinn Eric J $136,410
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/04/2021 08/04/21 Sold $175,000 0.0% $318 / Sq Ft
07/05/2021 07/05/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $175,000 +16.7% $318 / Sq Ft
08/02/2019 08/02/19 Sold $150,000 -8.8% $268 / Sq Ft View Prior Sale
07/03/2019 07/03/19 Pending -- -- --
07/13/2018 07/13/18 For Sale $164,500 +13.4% $294 / Sq Ft
05/23/2016 05/23/16 Sold $145,000 -2.7% $216 / Sq Ft View Prior Sale
04/23/2016 04/23/16 Pending -- -- --
03/01/2016 03/01/16 For Sale $149,000 -- $222 / 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
2025 $4,327 $106,251 $1 $106,250
2024 $4,327 $212,500 $1 $212,499
2023 $4,238 $187,000 $0 $0
2022 $3,682 $170,000 $1 $169,999
2021 $3,115 $139,999 $1 $139,998
2020 $2,859 $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 $2,528 $104,500 $0 $0
2015 $2,272 $94,999 $0 $0
2014 -- $84,999 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vanessa Edmunds

    Buyer's Agent in 2021

    Vanessa Edmunds

    Cedar Key Realty, Inc.

    (352) 210-1155

    155 Total Sales

    Vanessa Edmunds
    Section Image
  • Caryn Stephenson

    Seller's Agent in 2016

    Caryn Stephenson

    Pelican Realty

    (352) 228-0420

    66 Total Sales

    Caryn Stephenson
    Section Image
See All Agents

Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 781727

APN: 17667-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U113, Cedar Key, FL

Not Listed for Sale

Condos

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.

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.

Nearby Homes