NOT LISTED FOR SALE

557 Spanish Dr N Unit 7 Longboat Key, FL 34228

Estimated Value: $362,000 - $549,306

2 Beds
2 Baths
1,443 Sq Ft
$339/Sq Ft Est. Value

Last Sold August 24, 2018

Last sale price $300,000 $208 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,904/month

148 Days on Market

Highlights

  • Boat Dock
  • Active Adult
  • Property is near public transit
  • Access to Bay or Harbor
  • Deck
  • Main Floor Primary Bedroom

About This Home

As of August 2018

Stand-alone villa with privacy in Spanish Main Yacht Club. This immaculate, turnkey furnished residence is cozy, inviting and just a stone's throw away from the beach access to the beautiful sandy beaches on the Gulf of Mexico. Updates include granite kitchen and cabinets, tile flooring and updated windows. The spacious master suite has a large walk-in closet plus a nice TV room off the master with extra-large closet. It is well-maintained and ready to move into. This friendly and social waterfront complex is complete with a large marina that holds up to 45-foot vessels. With direct access to the Intracoastal Waterway, you are minutes to the Gulf of Mexico by boat and a few minutes to the deeded beach access, plus a short distance to the clubhouse and heated community pool the best of both worlds. Pristine beaches and stunning sunsets can be a part of your everyday life. This is the perfect paradise for water lovers with fishing, boating, kayaking and beaches surrounding you. Pets are welcome! Manatees, dolphins and an abundance of birdlife can be enjoyed daily. The maintenance-free community allows you the freedom to enjoy the lifestyle that island living has to offer. You can be under 55 to purchase. Tenant in place until April 16, 2018.

Last Agent to Sell the Property

Kimberly Freiwald

PREMIER SOTHEBY'S INTERNATIONAL REALTY License #3134433 Listed on: 02/21/2018

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Kaitlin Kuhn

MICHAEL SAUNDERS & COMPANY License #3270112

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,921

Year Built

  • Built in 1968

Lot Details

  • 0.25 Acre Lot
  • Street terminates at a dead end
  • Southwest Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Zero Lot Line
  • Land Lease expires 4/16/18
  • Property is zoned R3MX

HOA Fees

  • $670 Monthly HOA Fees

Parking

  • 1 Carport Space

Home Design

  • Villa
  • Slab Foundation
  • Tile Roof
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,443 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Ceramic Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Access to Bay or Harbor
  • Deeded access to the beach
  • No Fixed Bridges
  • Access to Saltwater Canal
  • First Come-First Served Dock
  • Dock has access to water
  • Seawall
  • Open Dock
  • Deck
  • Patio
  • Porch

Location

  • Flood Insurance May Be Required
  • Property is near public transit

Schools

  • Anna Maria Elementary School
  • W.D. Sugg Middle School
  • Bayshore High School

Utilities

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

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, private road, sewer, trash, water
  • Spanish Main Yacht Club Community
  • Spanish Main Yacht Club Condo Or353/335 Subdivision
  • The community has rules related to building or community restrictions, deed restrictions
  • Rental Restrictions

Recreation

  • Boat Dock
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,921

Year Built

Built in 1968

Lot Details

0

HOA Fees

$670 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Villa
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1443
  • New Construction: No
  • Year Built: 1968
  • Building Area Total: 1742
  • Directions to Property: Gulf of Mexico to 5700 Block. Turn east into Spanish Main Yacht Club. Make immediate left. 8 Villas down on left.
  • Status: Sold
  • Street Post Direction: N
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4211200&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4211200&cview=true&show_results=true&customer_portal=true
  • FCHR URL: Yes
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-364-4014
  • Ratio: Close Price\List Price: 0.9434
  • Price per Sq Ft: 207.9
  • Close to Original List Price Ratio: 0.91185
  • Ratio: Current Price\Building Area Total: 172.22
  • View: No
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Master Bedroom Main Floor, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 557
  • Room Count: 7
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Exterior Features: Irrigation System, Sliding Doors
  • Roof: Membrane, Tile
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch
  • Water Access: Bay/Harbor, Beach - Access Deeded, Canal - Saltwater
  • Water Extras: Bridges - No Fixed Bridges, Dock - Open, Dock - Slip 1st Come, Dock w/Electric, Dock w/Water Supply, Sailboat Water, Seawall - Concrete
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Well, Street Lights
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Pool, Special Community Restrictions, Water Access
  • Association Amenities: Boat Dock
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: Yes
  • Condo Fees: 670
  • Condo Fees Term: Monthly
  • Monthly Condo Fee Amount: 670
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8040
  • Total Monthly Fees: 670

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7903100001
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, Near Public Transit, Zero Lot Line
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • Land Lease Expiration Date: 2018-04-16
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 25
  • Minimum Lease: 1 Month
  • Approval Process: 0
  • Num Timesper Year: 2
  • Pet Restrictions: 1 pet only 25 lbs maximum weight
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: 0

Tax Info

  • Tax Annual Amount: 3921
  • Tax Book Number: 285-165
  • Tax Lot: 7

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2018
Closed on
Aug 24, 2018
Sold by
Hamilton William
Bought by
Blankenbecler Michael W and Blankenbecler Kelly
Seller's Agent
Kimberly Freiwald
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Kaitlin Kuhn
MICHAEL SAUNDERS & COMPANY
List Price
$329,000
Sold Price
$300,000
Premium/Discount to List
-$29,000
-8.81%
Current Estimated Value
$489,327

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$189,327
Avg. Annual Appreciation
7.05%
Original Mortgage
$215,000
Outstanding Balance
$186,719
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$302,608

Purchase Details

Closed on
Jan 14, 2010
Sold by
Hamilton William L
Bought by
Hamilton William

Purchase Details

Closed on
Apr 15, 1999
Sold by
King Shirley G
Bought by
Hamilton William L and Hamilton Brenda D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.13%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Blankenbecler Michael W $300,000 Attorney
Hamilton William -- Attorney
Hamilton William L $120,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blankenbecler Michael W $215,000
Previous Owner Hamilton William L $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/24/2018 08/24/18 Sold $300,000 -5.7% $208 / Sq Ft
07/20/2018 07/20/18 Pending -- -- --
06/06/2018 06/06/18 Price Changed $318,000 -3.3% $220 / Sq Ft
02/21/2018 02/21/18 For Sale $329,000 -- $228 / 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 $7,779 $177,727 -- $177,727
2024 $7,779 $548,250 -- $548,250
2023 $7,293 $552,500 $0 $552,500
2022 $6,158 $414,750 $0 $414,750
2021 $5,290 $325,000 $0 $325,000
2020 $5,558 $325,000 $0 $325,000
2019 $5,588 $325,000 $0 $325,000
2018 $5,080 $330,000 $0 $0
2017 $3,921 $263,750 $0 $0
2016 $3,535 $223,500 $0 $0
2015 $2,122 $194,400 $0 $0
2014 $2,122 $165,931 $0 $0
2013 $2,075 $163,479 $34,648 $128,831
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Freiwald

    Seller's Agent in 2018

    Kimberly Freiwald

    PREMIER SOTHEBY'S INTERNATIONAL REALTY

    (941) 256-6775

    49 in this area

    70 Total Sales

    Kimberly Freiwald
    Section Image
  • Kaitlin Kuhn

    Buyer's Agent in 2018

    Kaitlin Kuhn

    Michael Saunders

    (941) 400-7861

    1 in this area

    40 Total Sales

    Kaitlin Kuhn
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4211200

Stellar MLS

APN: 79031-0000-1

Florida Manatee County Longboat Key 34228

557 Spanish Dr N Unit 7, Longboat Key, FL

This home is located at 557 Spanish Dr N Unit 7, Longboat Key, FL 34228 since 21 February 2018 and is currently estimated at $489,327, approximately $339 per square foot. This property was built in 1968. 557 Spanish Dr N Unit 7 is a home located in Manatee County with nearby schools including Anna Maria Elementary School, Martha B. King Middle School, and Bayshore 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

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