NOT LISTED FOR SALE

550 1st St Unit U113 Cedar Key, FL 32625

Estimated Value: $130,000 - $217,000

1 Bed
1 Bath
550 Sq Ft
1,350 Sq Ft Lot

Sale Details

Date Sold: August 4, 2021

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

Est. 2% increase in value since last sale

Current estimated payment $1,844 / mo

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

1,350 Sq Ft Lot

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
$178,143

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
0.38%
Original Mortgage
$136,410
Interest Rate
3%
Mortgage Type
New Conventional

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
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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 None Listed On Document
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

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

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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 781727

APN: 17667-000-00

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