NOT LISTED FOR SALE

550 1st St Unit U315 Cedar Key, FL 32625

Estimated Value: $314,254 - $399,000

2 Beds
2 Baths
960 Sq Ft
$470/mo HOA Fee

Last Sold March 19, 2020

Last sale price $239,000 $249 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $2,906/month

523 Days on Market

Highlights

  • Airport or Runway
  • Heated In Ground Pool
  • Deck
  • Property fronts gulf or ocean
  • Open Floorplan
  • 4-minute walk to Lil Shark Park

About This Home

As of March 2020

KEY WEST CHARM AND CEDAR KEY COMFORT atop The Island Place! That's Condo #315. Savor the view across a brilliantly sparkling SALTWATER POOL on the edge of the open waters of the Gulf of Mexico from your new THIRD-FLOOR deck with new sliding glass doors and new Hardie board siding. Let the sun shine in and warm breezes blow. Stroll out to restaurants on the Big Dock for dinner or cook fresh local seafood in your own full kitchen. Furniture and furnishings are included, from the specially selected solid shell-base bedroom lamps at bedside to the unique fish cluster on the dresser to all the pots and pans in the kitchen. Common areas include a large barbecue with picnic tables, and a fish-cleaning table on the beach at the edge of the Gulf.

Last Agent to Sell the Property

Doris Hellerman

Cedar Key Realty, Inc. Brokerage Phone: 3525439899 License #BK233842 Listed on: 09/12/2018

Last Buyer's Agent

Angie Beckham

Cedar Key Realty, Inc. License #SL3430097

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,179

Year Built

  • Built in 1982

Lot Details

  • Property fronts gulf or ocean
  • Partially Fenced Property
  • Landscaped
  • Level Lot
  • Wooded Lot

HOA Fees

  • $470 Monthly HOA Fees

Home Design

  • Key West Architecture
  • Pillar, Post or Pier Foundation
  • Frame Construction
  • Metal Roof
  • Vertical Siding
  • HardiePlank Type

Interior Spaces

  • 960 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Wired For Data
  • Ceiling Fan
  • Decorative Lighting
  • Double Pane Windows
  • Blinds
  • Sliding Doors

Kitchen

  • Breakfast Bar
  • Microwave
  • Dishwasher
  • Corian Countertops

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry on main level
  • Stacked Electric Washer and Dryer

Home Security

Parking

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

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Bedroom

Pool

  • Heated In Ground Pool
  • Saltwater Pool
  • Fence Around Pool

Outdoor Features

  • Rip-Rap
  • 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
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 1768400000

Community Details

Overview

  • The Island Place At Cedar Key Subdivision
  • The community has rules related to covenants, conditions, and restrictions

Amenities

  • Airport or Runway

Recreation

  • Tennis Courts
  • Community Playground
  • Park

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,179

Year Built

Built in 1982

Lot Details

0

HOA Fees

$470 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: Furniture, Appliances And Furnishings
  • Subdivision Name: The Island Place At Cedar Key
  • Directions: From the first stop sign at State Road 24 and 2nd Street in Cedar Key, go south one block to the second stop sign and turn left onto 1st Street. The Island Place will be on your right. Condo #315 is in the center building on the left side of the top floor. For more details, call Cedar Key Realty, Inc.!
  • 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: Dryer - Electric, Dishwasher, Refrigerator, Washer/Dryer Stacked, Microwave Hood, Electric Water Heater
  • Accessibility Features: Main Floor Laundry, Accessible Bedroom, Accessible Full Bath
  • Full Bathrooms: 2
  • Total Bedrooms: 2
  • Door Features: Sliding Doors
  • Fireplace Features: None
  • Fireplace: No
  • Flooring: Carpet, Tile
  • Interior Amenities: Open Floorplan, Verticals, Corian Counter, Ceiling Fan(s), Decorative Lights, Pantry, Breakfast Bar, Wired for Data
  • Living Area: 960
  • Window Features: Double Pane Windows, Blinds, Window Treatments

Exterior Features

  • Fencing: Partial
  • Lot Features: Corner Lot, Other, Wooded, Landscaped, Flood Insurance Current, Flood Plain
  • Pool Features: Salt Water, Heated, In Ground, Fenced
  • Topography: Level
  • Waterfront Features: Riprap, Other, Gulf Front
  • Waterfront: Yes
  • Disclosures: HOA Disclosure
  • Home Warranty: No
  • Construction Type: Frame, HardiPlank Type
  • Exterior Features: Outdoor Grill, Lighting
  • Foundation Details: 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: Main Level
  • Security: Fire Sprinkler System, Smoke Detector(s)
  • Cooling: Electric
  • Cooling Y N: Yes
  • Heating: Electric, Heat Pump
  • Heating Yn: Yes
  • Electric: Electric - Central FL Coop
  • Sewer: Public Sewer
  • Utilities: Cable Available, Internet
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Park, Street Lights, Playground, Tennis Court(s), Airport/Runway, Restrictive Covenants, Sidewalks
  • Association Fee: 1410
  • Association Fee Frequency: Quarterly
  • Association: Yes

Schools

  • Junior High Dist: Levy

Lot Info

  • Parcel #: 1768400000
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 3178.71
  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 12, 2018
Closed on
Mar 19, 2020
Sold by
Island Place Llc
Bought by
Lane Steven Lowery
Seller's Agent
Doris Hellerman
Cedar Key Realty, Inc.
Buyer's Agent
Angie Beckham
Cedar Key Realty, Inc.
List Price
$295,000
Sold Price
$239,000
Premium/Discount to List
-$56,000
-18.98%
Current Estimated Value
$357,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$118,073

Purchase Details

Closed on
Apr 10, 2009
Sold by
Drummond G Luther and Drummond Graham L
Bought by
Island Place Llc

Purchase Details

Closed on
Mar 26, 2009
Sold by
Drummond G Luther and Drummond Graham L
Bought by
Island Place Llc
Source: Public Records

Range of Values:

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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 Buyer Sale Price Title Company
Lane Steven Lowery $239,000 Bankers Ttl Of Nature Coast
Lane Steven Lowery $239,000 Bankers Title Of The Nature Co
Island Place Llc -- Attorney
Island Place Llc -- Attorney
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2020 03/19/20 Sold $239,000 -19.0% $249 / Sq Ft
02/18/2020 02/18/20 Pending -- -- --
09/12/2018 09/12/18 For Sale $295,000 -- $307 / 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 $5,767 $300,000 $1 $299,999
2023 $5,651 $246,839 $0 $0
2022 $5,061 $270,000 $1 $269,999
2021 $4,475 $203,999 $1 $203,998
2020 $3,462 $159,999 $0 $0
2019 $3,174 $144,999 $0 $0
2018 $2,685 $115,199 $0 $0
2017 $2,709 $115,199 $0 $0
2016 $3,064 $127,999 $0 $0
2015 $3,011 $127,999 $0 $0
2014 -- $127,999 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Doris Hellerman

    Cedar Key Realty, Inc.

    (352) 210-1155

    85 Total Sales

    Section Image

  • A

    Buyer's Agent in 2020

    Angie Beckham

    Cedar Key Realty, Inc.

    (352) 543-9899

    72 Total Sales

    Section Image
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Map

Source: Dixie Gilchrist Levy Counties Board of REALTORS®

MLS Number: 776432

APN: 17684-000-00

Florida Levy County Cedar Key 32625

550 1st St Unit U315, Cedar Key, FL

This home is located at 550 1st St Unit U315, Cedar Key, FL 32625 since 12 September 2018 and is currently estimated at $355,064, approximately $369 per square foot. This property was built in 1982. 550 1st St Unit U315 is a home located in Levy County with nearby schools including Cedar Key High School.

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