NOT LISTED FOR SALE

555 Sutton Place Longboat Key, FL 34228

Estimated Value: $501,000 - $764,000

3 Beds
2.5 Baths
1,450 Sq Ft
6.09 Acres

Last Sold April 12, 2019

Last sale price $332,000 $229 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $3,668/month

144 Days on Market

Highlights

  • Marina
  • Dock Has No Access To Electricity
  • 6.09 Acre Lot
  • Community Boat Slip
  • Water access To Gulf or Ocean
  • Open Floorplan

About This Home

As of April 2019

Great Value-Gulf to Bay, Pet friendly, Not- an age restricted Community. Make it a home where others vacation. Sure to please, three bedrooms, two & one half baths beach retreat with new floorings throughout, renovated bathrooms, washer and dryer room off kitchen has extra cabinet space, screened lanai over looking a plush green area, feels like a single family home plus a garage. This very popular community has a gated private beach parking lot offering a cabana right on the Gulf (4415 GOM) that includes showers/restrooms/picnic tables/beach chair lockers, a true beach going delight. Boat docks $200 a year, kayak storage $50 a year, two heated swimming pools, club house with catering kitchen for your private parties, on site activities and more.. Rare opportunity to own a ready to move in spacious beach retreat at a remarkable great value.

Last Agent to Sell the Property

Malihe Karimi

MICHAEL SAUNDERS & COMPANY License #3286618 Listed on: 10/10/2018

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Malihe Karimi

MICHAEL SAUNDERS & COMPANY License #3286618 Listed on: 10/10/2018

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,213

Year Built

  • Built in 1972

Lot Details

  • End Unit
  • Landscaped with Trees

Parking

  • 1 Car Attached Garage
  • Converted Garage
  • Garage Door Opener
  • Open Parking

Home Design

  • Florida Architecture
  • Stucco

Interior Spaces

  • 1,450 Sq Ft Home
  • 2-Story Property
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Inside Utility
  • Garden Views
  • Basement

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Engineered Wood
  • Laminate

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water access To Gulf or Ocean
  • Deeded access to the beach
  • First Come-First Served Dock
  • Seawall
  • Dock Has No Access To Electricity
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • No Home Owners Association
  • Optional Additional Fees
  • Association fees include common area taxes, community pool, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Lighthouse Prop Mgmnt Laurie Espinosa Association, Phone Number (941) 312-5287
  • Sutton Place Condo Community
  • Sutton Place Condo Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions, fencing, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
  • Rental Restrictions

Amenities

  • Clubhouse
  • Elevator

Recreation

  • Community Boat Slip
  • Marina
  • Waterfront Community
  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,213

Year Built

Built in 1972

Lot Details

0

Parking

1

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Florida
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1450
  • Lot Size Acres: 6.09
  • New Construction: No
  • Year Built: 1972
  • Building Area Total: 1890
  • Lot Size Sq Ft: 265303
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4415767&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4415767&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: Yes
  • Property Description: End Unit
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.97935
  • Price per Sq Ft: 228.97
  • Close to Original List Price Ratio: 0.92997
  • Ratio: Current Price\Building Area Total: 175.66
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Engineered Hardwood, Laminate
  • Full Bathrooms: 2
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Open Floorplan, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Basement
  • Total Bedrooms: 3
  • Levels: Two
  • Spa Yn: No
  • Stories: 2
  • Window Features: Blinds, Drapes
  • Room Count: 6
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Balcony
  • Roof: Other
  • Pool Private: No
  • View: Garden
  • Waterfront: No
  • Water Access: Bay/Harbor, Beach - Access Deeded, Gulf/Ocean
  • Water Extras: Dock - Slip 1st Come, Dock w/o Electric, Seawall - Concrete
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0294E
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Carport Y N: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Converted Garage, Garage Door Opener
  • Covered Parking Spaces: 1
  • Open Parking: Yes

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, No Truck/RV/Motorcycle Parking, Pool, Water Access, Waterfront
  • Association Amenities: Boat Slip, Clubhouse, Elevator(s), Fence Restrictions, Maintenance, Marina, Optional Additional Fees, Other, Vehicle Restrictions
  • Association Name: Lighthouse Prop Mgmnt Laurie Espinosa
  • Phone: 941-312-5287
  • Association: No
  • Senior Community: No
  • Condo Fees: 843
  • Condo Fees Term: Monthly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 843
  • Amenities Additional Fees: Boat dock
  • Association Approval Required YN: Yes

Lot Info

  • Zoning: R4MX
  • Parcel Number: 8027413056
  • Additional Parcels: No
  • Property Attached Yn: Yes
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 1 Month
  • Approval Process: See condo docs
  • Num Timesper Year: 2
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: You can lease out the property for 1 month twice a year.

Tax Info

  • Tax Annual Amount: 3213
  • Tax Book Number: 1480-7817
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 10, 2018
Closed on
Apr 12, 2019
Sold by
Patel Kinsey K and Patel Nikesh S
Bought by
Robbins Wesley Warren and Robbins Paula Patterson
Seller's Agent
Malihe Karimi
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Malihe Karimi
MICHAEL SAUNDERS & COMPANY
List Price
$357,000
Sold Price
$332,000
Premium/Discount to List
-$25,000
-7%
Current Estimated Value
$587,969

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$255,969
Avg. Annual Appreciation
8.90%
Original Mortgage
$232,400
Outstanding Balance
$204,321
Interest Rate
4.3%
Mortgage Type
New Conventional
Estimated Equity
$383,648

Purchase Details

Listed on
Jan 19, 2014
Closed on
Mar 19, 2014
Sold by
Reddington Taylor Katherine Reddington and Reddington Bozarth Marquerite
Bought by
Patel Nikesh S and Patel Kinsey K
Seller's Agent
Dia Wilson
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Dia Wilson
MICHAEL SAUNDERS & COMPANY
List Price
$262,000
Sold Price
$262,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.78%
Original Mortgage
$248,900
Interest Rate
4.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 30, 2004
Sold by
Reddington Mary P
Bought by
Reddington Taylor Katherine Reddington and Reddington Bozarth Marguerite
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Robbins Wesley Warren $332,000 Attorney
Patel Nikesh S $242,000 Wr Title Services Llc
Reddington Taylor Katherine Reddington -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robbins Wesley Warren $232,400
Previous Owner Patel Nikesh S $248,900
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/12/2019 04/12/19 Sold $332,000 -2.1% $229 / Sq Ft
03/03/2019 03/03/19 Pending -- -- --
01/14/2019 01/14/19 Price Changed $339,000 -1.7% $234 / Sq Ft
11/30/2018 11/30/18 Price Changed $345,000 -3.4% $238 / Sq Ft
10/10/2018 10/10/18 For Sale $357,000 +36.3% $246 / Sq Ft
03/19/2014 03/19/14 Sold $262,000 0.0% $181 / Sq Ft View Prior Sale
01/20/2014 01/20/14 Pending -- -- --
01/19/2014 01/19/14 For Sale $262,000 -- $181 / 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
2025 $6,934 $156,188 -- $156,188
2024 $6,934 $488,750 -- $488,750
2023 $6,984 $522,750 $0 $522,750
2022 $5,858 $383,250 $0 $383,250
2021 $5,047 $300,000 $0 $300,000
2020 $5,138 $290,000 $0 $290,000
2019 $3,690 $239,005 $0 $0
2018 $3,660 $234,549 $0 $0
2017 $3,213 $229,725 $0 $0
2016 $3,208 $225,000 $0 $0
2015 $2,578 $225,000 $0 $0
2014 $2,578 $185,001 $0 $0
2013 $1,973 $119,393 $1 $119,392
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4415767

Stellar MLS

APN: 80274-1305-6