NOT LISTED FOR SALE

550 1st St Unit U210 Cedar Key, FL 32625

Estimated Value: $231,136

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

Last Sold April 15, 2021

Last sale price $175,000 $312 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $2,167/month

7 Days on Market

Highlights

  • Airport or Runway
  • Gulf View
  • Open Floorplan
  • Concrete Pool
  • Waterfront
  • 4-minute walk to Lil Shark Park

About This Home

As of April 2021

Live the Beach life in this TOP FLOOR, GULF FRONT condo in Cedar Key. Relax to the gentle waves lapping on the shore below. Lounge on your private deck while taking in the fabulous views over the glimmering Gulf waters. Take a dip in the beach front pool and feel the sand between your toes on the picturesque beach. Enjoy dining and shopping on Dock Street just a quick stroll from your door. The Island Place was renovated 2017 with hurricane rated sliding glass doors and new windows, hardiplank siding, a courtyard with BBQ grill area, and renovated pool & deck.. Unit 210 features vaulted ceilings, vinyl plank flooring and tasteful furnishings. This is lowest priced full one bedroom condo in Cedar Key. It's your chance to own a PIECE OF PARADISE, don't let this one get away, MAKE AN OFFER today! Onsite rental management is available to pay expenses while your away. . .

Last Listed By

Janet Blackwell

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK692220 Listed on: 03/08/2021

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,063

Year Built

  • Built in 1982

Lot Details

  • Waterfront
  • Landscaped
  • Level Lot

HOA Fees

  • $524 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
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Thermal Windows
  • Double Pane Windows
  • Window Treatments
  • Sliding Doors
  • Vinyl Flooring
  • Gulf Views
  • Crawl Space

Kitchen

  • Breakfast Bar
  • Electric Range
  • Range Hood
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry closet
  • Stacked Washer and Dryer

Home Security

Parking

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

Pool

  • Concrete Pool
  • In Ground Pool
  • Fence Around Pool
  • Saltwater Pool

Outdoor Features

  • Deck
  • Exterior Lighting
  • Outdoor Grill

Location

  • In Flood Plain
  • Flood Insurance May Be Required

Utilities

  • Cooling Available
  • Heat Pump System
  • Electric Water Heater
  • Internet Available

Listing and Financial Details

  • Assessor Parcel Number 1767700000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Amenities

  • Airport or Runway

Recreation

  • Community Playground
  • Park

Security

  • Storm Windows
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,063

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, Maintained
  • Road Surface Type: Paved
  • Water Body Name: Gulf of Mexico
  • Inclusions: All Furniture And Furnishings
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: Go south on SR24 to the end of the road. Turn left on 1st Street . The Island Place will be on your right.
  • Architectural Style: Key West
  • Carport Y N: No
  • Garage Yn: No
  • Unit Levels: 2+ Story
  • New Construction: No
  • Year Built: 1982
  • Attribution Contact: 3525439899
  • Special Features: None

Interior Features

  • Furnished: Furnished
  • Appliances: Refrigerator, Washer - Top Load, Microwave, Electric Range, Dishwasher, Range Hood, Washer/Dryer Stacked, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: Sliding Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Ceiling Fan(s), Breakfast Bar, Open Floorplan
  • Living Area: 560
  • Window Features: Storm Window(s), Double Pane Windows, Thermal Glass Windows, Window Treatments

Exterior Features

  • Lot Features: Corner Lot, Landscaped, Flood Insurance Current, Flood Plain
  • Pool Features: In Ground, Fenced, Concrete Pool, Salt Water
  • Topography: Level
  • View: Gulf View
  • View: Yes
  • Waterfront Features: None
  • Waterfront: Yes
  • Disclosures: HOA Disclosure
  • Home Warranty: No
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Outdoor Grill, Lighting
  • Foundation Details: Crawl Space, 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: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop, Electricity Connected
  • Electricity On Property: Yes
  • Sewer: Public Sewer
  • Utilities: Internet
  • Water Source: Metered, Public

Condo/Co-op/Association

  • Community Features: Street Lights, Park, Airport/Runway, Playground, Sidewalks
  • Association Fee: 524
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1767700000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3062.97
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 8, 2021
Closed on
Apr 7, 2021
Sold by
Lickwar Andrew Richard
Bought by
Beucler John C
Seller's Agent
Janet Blackwell
Cedar Key Realty, Inc.
Buyer's Agent
Janet Blackwell
Cedar Key Realty, Inc.
List Price
$187,000
Sold Price
$175,000
Premium/Discount to List
-$12,000
-6.42%
Total Days on Market
7
Current Estimated Value
$231,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$56,136
Avg. Annual Appreciation
7.77%

Purchase Details

Listed on
Feb 27, 2020
Closed on
Apr 23, 2020
Sold by
Levesque Ronald P and Levesque Donna
Bought by
Lickwar Andrew Richard
Seller's Agent
Doris Hellerman
Cedar Key Realty, Inc.
Buyer's Agent
Janet Blackwell
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.
Avg. Annual Appreciation
6.25%
Original Mortgage
$100,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 27, 2016
Closed on
Feb 28, 2018
Sold by
Thornqvist Roland and Thornqvist Nancy
Bought by
Levesque Ronald P and Levesque Donna
Seller's Agent
Vanessa Edmunds
Cedar Key Realty, Inc.
List Price
$159,000
Sold Price
$149,000
Premium/Discount to List
-$10,000
-6.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.84%

Purchase Details

Closed on
Feb 28, 2005
Sold by
Devarennes Barbara W
Bought by
Thornqvist Roland and Thornqvist Nancy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
5.68%

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
Beucler John C $175,000 Levy Abstract And Title Co
Lickwar Andrew Richard $165,000 Attorney
Lickwar Andrew Richard $165,000 Norm D Fugate Pa
Levesque Ronald P $149,000 Attorney
Thornqvist Roland $235,000 Levy Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lickwar Andrew Richard $100,000
Previous Owner Thornqvist Roland $188,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2021 04/15/21 Sold $175,000 -6.4% $313 / Sq Ft
03/16/2021 03/16/21 Pending -- -- --
03/08/2021 03/08/21 For Sale $187,000 +13.3% $334 / Sq Ft
04/27/2020 04/27/20 Sold $165,000 0.0% $295 / Sq Ft
03/28/2020 03/28/20 Pending -- -- --
02/27/2020 02/27/20 For Sale $165,000 +10.7% $295 / Sq Ft
03/02/2018 03/02/18 Sold $149,000 -6.3% $222 / Sq Ft
01/31/2018 01/31/18 Pending -- -- --
06/27/2016 06/27/16 For Sale $159,000 -- $237 / 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 $4,327 $212,500 $1 $212,499
2023 $4,238 $187,000 $0 $0
2022 $3,682 $170,000 $1 $169,999
2021 $3,289 $147,999 $1 $147,998
2020 $3,063 $136,999 $0 $0
2019 $2,804 $123,999 $0 $0
2018 $1,915 $80,625 $0 $0
2017 $1,932 $80,625 $0 $0
2016 $2,570 $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

  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Similar Homes in Cedar Key, FL

  • 850 3rd St Unit 2, Cedar Key, FL 32625

    $275,000

    • 2 Beds
    • 2 Baths
    • 1,120 Sq Ft
    • 850 3rd St
    • Unit 2
    • Cedar Key, FL

    Waterfront Paradise with Stunning Views-Fully Furnished and ready for Island Living! Experience the beauty of coastal living in this charming 2-bedroom, 2-bathroom waterfront condo in the heart of Cedar Key. Nestled right on the water, this fully furnished retreat offers breathtaking sunset views from your private balcony, where you can watch dolphins play and seabirds glide across the Gulf.

    Angie Beckham Cedar Key Realty, Inc.

    Section Image
  • 82 2nd St Unit 315, Cedar Key, FL 32625

    $190,000

    • 1 Bed
    • 1 Bath
    • 480 Sq Ft
    • 82 2nd St
    • Unit 315
    • Cedar Key, FL

    Check out this beautifully remodeled, coveted LOFT condominium at Cedar Cove in historic Cedar Key Florida! What an incredible deal for a water front condo, fully furnished and ready for you to enjoy or for vacation rental income. Cedar Cove is just steps from downtown with all the Island has to offer. Great food, drinks, city park, basketball and pickle ball courts, and beach are just steps

    Angie Beckham Cedar Key Realty, Inc.

    Section Image
  • 11 Old Mill Dr Unit 4-B, Cedar Key, FL 32625

    $279,000

    • 1 Bed
    • 1 Bath
    • 776 Sq Ft
    • 11 Old Mill Dr
    • Unit 4-B
    • Cedar Key, FL

    Welcome to the Old Fenimore Mill Condominium, a delightful 1-bedroom, 1-bathroom retreat nestled in the heart of Cedar Key, Florida. This charming property embodies the essence of Old Florida, offering a quaint escape from the hustle and bustle of everyday life. With its spectacular picturesque open Gulf view, you can relax on your private balcony while soaking in the serene atmosphere that

    Melinda Allen Pelican Realty

    Section Image
  • 11 Old Mill Dr Unit 2B, Cedar Key, FL 32625

    $259,000

    • 1 Bed
    • 1 Bath
    • 776 Sq Ft
    • 11 Old Mill Dr
    • Unit 2B
    • Cedar Key, FL

    FANTASTIC PRICE! Spectacular open Gulf views with dolphins out your back door! From your private balcony, you will enjoy all kinds of wildlife, including an incredible variety of birds--ospreys, skimmers, pelicans, and spoonbills. The clammers are just off the shore heading out to do their work while the sun begins its early morning ascent. There is such wonderful peace in watching the world wake

    Caryn Stephenson Pelican Realty

    Section Image

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 781552

APN: 17677-000-00