$149,000
SOLD MAR 2, 2018

550 1st St Unit U210 Cedar Key, FL 32625

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

Recently Sold

$222 Per Sq Ft

6% Below List Price

582 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Open Floorplan
  • Furnished
  • Concrete Pool
  • Corner Lot
  • 4-minute walk to Lil Shark Park

About This Home

As of April 2021

Here's a great price on a great WATER FRONT condo! Coveted second-floor unit at the Island Place has beautiful high vaulted ceilings, newer appliances, tasteful decor and a king bed. Watch the dolphins and pelicans and maybe even a little Dock Street action from your own piece of island real estate! Put the unit in the onsite rental management and enjoy income while you're not here relaxing. Home is just steps to restaurants, shops and all of historic downtown Cedar Key. Water front units here don't last long--see it now! Island life awaits!

Last Agent to Sell the Property

Vanessa Edmunds

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK3263028 Listed on: 06/27/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,309

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Landscaped
  • Level Lot
  • Additional Parcels

HOA Fees

  • $400 Monthly HOA Fees

Home Design

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

Interior Spaces

  • 672 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Blinds
  • French Doors
  • Vinyl Flooring
  • Crawl Space
  • Stacked Washer and Dryer

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

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

Pool

  • Concrete Pool
  • Fence Around Pool

Outdoor Features

  • Porch

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1767700000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,309

Year Built

Built in 1982

Lot Details

0

HOA Fees

$400 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
  • Water Body Name: Gulf of Mexico
  • Inclusions: Fully Furnished As Shown
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: From SR 24 turn left onto 1st Street. At the end of the block, The Island Place is on the right. There is no CEDAR KEY REALTY, INC. sign due to condo regulations.
  • Architectural Style: Cracker
  • 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: Dishwasher, Electric Range, Microwave, Range Hood, Refrigerator, Washer/Dryer Stacked, Washer - Front Load, Electric Water Heater
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Door Features: French Doors, Other Windows/Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Vinyl
  • Interior Amenities: Breakfast Bar, Other, Laminate Counters, Open Floorplan, Ceiling Fan(s)
  • Living Area: 672
  • Window Features: Other Windows/Doors, Blinds

Exterior Features

  • Lot Features: Corner Lot, Multiple Lots, Other, Landscaped
  • Pool Features: Concrete Pool, Fenced
  • Topography: Level
  • Waterfront Features: None, Other, Gulf Front
  • Waterfront: Yes
  • Disclosures: HOA Disclosure, Seller Property Disclosure
  • Home Warranty: No
  • Construction Type: Frame, HardiPlank Type, Wood Siding
  • Foundation Details: Crawl Space, Pillar/Post/Pier
  • Patio And Porch Features: Porch
  • Roof: Metal

Garage/Parking

  • Attached Garage: No
  • Open Parking: Yes
  • Parking Features: Off Street, None, Asphalt, Shared Driveway

Utilities

  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop
  • Sewer: Public Sewer
  • Utilities: Cable Available
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Pool
  • Association Fee: 400
  • Association Fee Frequency: Monthly
  • Association: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Additional Parcels: Yes
  • Parcel #: 1767700000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 2308.78
  • Tax Year: 2015

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%
Current Estimated Value
$227,445

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,445
Avg. Annual Appreciation
6.63%

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%
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $175,000 Levy Abstract And Title Co
Warranty Deed $165,000 Attorney
Warranty Deed $165,000 Norm D Fugate Pa
Warranty Deed $149,000 Attorney
Warranty Deed $235,000 Levy Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $100,000 New Conventional
Previous Owner $188,000 No Value Available
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

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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 772212

APN: 17677-000-00