NOT LISTED FOR SALE

550 1st St Unit U208 Cedar Key, FL 32625

Estimated Value: $202,000 - $264,000

1 Bed
1 Bath
672 Sq Ft
$400/mo HOA Fee

Last Sold January 27, 2016

Last sale price $97,000 $144 Per Sq Ft

Est. 144% increase in value since last sale

Current estimated payment $2,009/month

38 Days on Market

Highlights

  • Community Pool
  • Central Heating and Cooling System
  • 4-minute walk to Lil Shark Park
  • Covered Patio or Porch
  • Carpet

About This Home

As of January 2016

Gorgeous sunsets, fresh salt air & the faint sound of music. That''s an evening in Cedar Key and this is your opportunity to own a condo on this quant island. This condo features 1BR/1BA with built in twin bunk in the hall for that occasional guest. Kitchen w/breakfast bar, living room that opens to your private, 2nd story deck with unobstructed views of Gulf. Endless things to do such as fishing, kayaking, biking, swimming in the heated salt water pool & shopping. You won''t have to worry about parking because everything is in walking distance. This property is subject to Auction terms, contact your agent for details, results may take 7 days and all offers are subject to a $2000 buyers premium pd at closing.

Last Agent to Sell the Property

Patricia Moser

HORIZON REALTY OF ALACHUA INC License #201645 Listed on: 11/05/2015

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,036

Year Built

  • Built in 1982

Lot Details

  • 1,394

HOA Fees

  • $400 Monthly HOA Fees

Home Design

  • 672 Sq Ft Home
  • Frame Construction
  • Metal Roof

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Private Sewer

Additional Features

  • Dishwasher
  • Covered Patio or Porch

Listing and Financial Details

  • Assessor Parcel Number 17675-000-00

Community Details

Overview

  • Island Place Rental Association, Phone Number (352) 543-5307

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,036

Year Built

Built in 1982

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Frame
  • Living Area: 672
  • Year Built: 1982
  • Directions to Property: From ...Take 24 into Cedar Key. 24 becomes D Street. Follow to end and turn left to The Island Place at Cedar Key on right.
  • Status: Sold
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1038144
  • RATIO Current Price By Calculate: 144.35
  • Tax Year: 2014
  • Special Features: RealEstateOwned

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 1
  • Appliances Included: Dishwasher, Electric Water Heater
  • Total Bedrooms: 1
  • Street Number Modifier: 550
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 62.43
  • Room Count: 1

Exterior Features

  • Roof: Metal
  • Patio and Porch Features: Covered

Garage/Parking

  • Garage Yn: No

Utilities

  • Utilities: Water - Multiple Meters
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Private Sewer

Condo/Co-op/Association

  • Community Features: Pool
  • Association Amenities: Pool
  • Association Fee: 400
  • Association Fee Frequency: Monthly
  • Association Name: Island Place Rental
  • Phone: 352-543-5307
  • Association: Yes
  • Association Fee Requirement: Required

Lot Info

  • Parcel Number: 17675-000-00
  • Homestead YN: 0

Tax Info

  • Tax Annual Amount: 2036

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 14, 2023
Sold by
Murphy Michael C
Bought by
Michael C Murphy Revocable Trust and Murphy
Current Estimated Value
$236,418

Purchase Details

Closed on
Aug 21, 2019
Sold by
Pesca Properties Llc
Bought by
Murphy Michael C and Spence Lynda M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,600
Interest Rate
5.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 5, 2015
Closed on
Jan 14, 2016
Sold by
Bank Of America Na
Bought by
Pesca Properties Llc
Seller's Agent
Patricia Moser
HORIZON REALTY OF ALACHUA INC
List Price
$114,900
Sold Price
$97,000
Premium/Discount to List
-$17,900
-15.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.62%

Purchase Details

Closed on
Mar 19, 2015
Sold by
Berube Rejane and Berube Rejane A
Bought by
Bank Of America Na

Purchase Details

Closed on
Oct 21, 2007
Sold by
Langton Christians Nancy A and Christians Rolland H
Bought by
Berube Rejane A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$215,200
Interest Rate
6.37%

Purchase Details

Closed on
Apr 22, 2005
Sold by
Reid Hal Thomas and Reid Barbara B
Bought by
Christians Rolland H and Langton Christians Nancy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$247,500
Interest Rate
5.79%
Source: Public Records

Range of Values:

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
Michael C Murphy Revocable Trust $100 None Listed On Document
Murphy Michael C $100 None Listed On Document
Murphy Michael C $167,500 Attorney
Pesca Properties Llc $97,000 Servicelink Llc
Bank Of America Na $198,872 Servicelink
Berube Rejane A $269,000 Levy Abstract
Christians Rolland H $275,000 Levy Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Murphy Michael C $125,600
Previous Owner Berube Rejane A $215,200
Previous Owner Christians Rolland H $247,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/06/2021 12/06/21 Off Market $97,000 -- --
01/27/2016 01/27/16 Sold $97,000 -15.6% $144 / Sq Ft
12/11/2015 12/11/15 Pending -- -- --
11/03/2015 11/03/15 For Sale $114,900 -- $171 / 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
2024 $4,199 $212,500 $1 $212,499
2023 $4,114 $179,079 $0 $0
2022 $3,572 $170,000 $1 $169,999
2021 $3,289 $147,999 $1 $147,998
2020 $3,072 $136,999 $0 $0
2019 $2,673 $123,999 $0 $0
2018 $1,915 $80,625 $0 $0
2017 $1,932 $80,625 $0 $0
2016 $2,596 $107,500 $0 $0
2015 $2,309 $97,499 $0 $0
2014 $2,121 $87,499 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patricia Moser

    Seller's Agent in 2016

    Patricia Moser

    HORIZON REALTY OF ALACHUA INC

    (386) 462-4020

    194 Total Sales

    Patricia Moser
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: GC368843

Stellar MLS

APN: 17675-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U208, Cedar Key, FL

This home is located at 550 1st St Unit U208, Cedar Key, FL 32625 since 05 November 2015 and is currently estimated at $236,418, approximately $351 per square foot. This property was built in 1982. 550 1st St Unit U208 is a home located in Levy County with nearby schools including Cedar Key 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

Nearby Homes