NOT LISTED FOR SALE

578 Bayview Dr Longboat Key, FL 34228

Estimated Value: $913,911 - $1,258,000

3 Beds
3 Baths
1,742 Sq Ft
$649/Sq Ft Est. Value

Last Sold January 30, 2014

Last sale price $445,000 $255 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $6,924/month

202 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Sailboat Water Access
  • Open Floorplan
  • Anna Maria Elementary School Rated A-
  • Lagoon View
  • Deck

About This Home

As of January 2014

UNDER CONTRACT - TAKING BACKUPS. Sit on your screened lanai and watch the herons, gulls, pelicans and manatees at play. This charming 3 bedroom, 3 bath cottage is located in Sleepy Lagoon on a quiet bayou with a 7 acre nature preserve across the water.The home also has a living room with full water views and a family room with a wood deck outside where one can enjoy more privacy. There is ceramic tile throughout and bead board in several rooms. A breakfast bar separates the kitchen from the dining areaand lanai, so one can enjoy the view and bird life while preparing a meal. Natural light pours into every room. This home with its idealic setting is truly a refuge from our busy lifestyles. Sleepy Lagoon is located on the last mile of LBK so one has easy access to the restaurants and Art Center in the Village. Cortez with its fish markets and casual dining spots is 10 minutes away. Food shopping is just 5 miles away and lively St. Armands Circle is 20 minutes away. A beach easement is closeby. Come to the north end and see what relaxed living is all about.

Last Agent to Sell the Property

Bobbie Banan

MICHAEL SAUNDERS & COMPANY License #0332742 Listed on: 05/13/2013

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Cindy Quinn

SATO REAL ESTATE INC. License #0666786

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,572

Year Built

  • Built in 1962

Lot Details

  • 10,000 Sq Ft Lot
  • Lot Dimensions are 100.0x100.0
  • 100 Feet of Waterfront
  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • South Facing Home
  • Property is zoned R4SF

Parking

  • Circular Driveway

Property Views

  • Lagoon
  • Canal
  • Park or Greenbelt

Home Design

  • Ranch Style House
  • Bungalow
  • Slab Foundation
  • Wood Frame Construction

Interior Spaces

  • 1,742 Sq Ft Home
  • Open Floorplan
  • Ceiling Fan
  • Blinds
  • Rods
  • Sliding Doors
  • Family Room
  • L-Shaped Dining Room
  • Storage Room
  • Inside Utility
  • Ceramic Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Sailboat Water Access
  • Access To Lagoon or Estuary
  • Access to Saltwater Canal
  • Seawall
  • Deck
  • Screened Patio
  • Outdoor Storage
  • Porch

Location

  • Flood Zone Lot

Schools

  • Anna Maria Elementary School
  • Bayshore High School

Utilities

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

Community Details

  • No Home Owners Association
  • Bayview Estates Community
  • Bayview Ests Subdivision

Listing and Financial Details

  • Tax Lot 22
  • Assessor Parcel Number 7861100001

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,572

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow, Ranch
  • Construction Materials: Wood Frame
  • Fireplace: No
  • Living Area: 1742
  • Lot Size Acres: 0.23
  • New Construction: No
  • Year Built: 1962
  • Building Area Total: 2042
  • Lot Size Sq Ft: 10000
  • Directions to Property: North on Gulf of Mexico Drive to 6500 block east on Bayview to 578.
  • Status: Sold
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Home Warranty Y N: No
  • Subdivision Num: 7858700
  • Call Center Phone Number: 941-308-7777
  • Planned Unit Development Y N: No
  • Ratio: Close Price\List Price: 0.86408
  • Price per Sq Ft: 255.45
  • Close to Original List Price Ratio: 0.86408
  • Ratio: Current Price\Building Area Total: 217.92
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 3
  • Interior Amenities: Ceiling Fans(s), L Dining, Master Bedroom Main Floor, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Window Features: Blinds, Rods, Window Treatments
  • Street Number Modifier: 578
  • Room Count: 9
  • Additional Rooms: Family Room, Inside Utility, Storage Rooms
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: South
  • Other Structures: Storage
  • Exterior Features: Sliding Doors, Storage
  • Roof: Other
  • Pool Private: No
  • Road Frontage Type: Street Dead-End
  • View: Greenbelt, Water
  • Water Body Name: Gull Bayou
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Road Surface Type: Paved
  • Water View: Canal, Lagoon
  • Water Access: Canal - Saltwater, Lagoon
  • Water Extras: Sailboat Water, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 100
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Circular Driveway, None
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Association Fee Requirement: Optional

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7861100001
  • Additional Parcels: No
  • Lot Features: FloodZone, In County
  • Lot Dimensions: 100.0X100.0
  • Millage Rate: 16.53
  • Flood Zone Code: AE
  • Future Land Use: 0100
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2014-01-30T05:00:00.000Z

Tax Info

  • Tax Annual Amount: 4572
  • Tax Book Number: 0291/0100
  • Tax Lot: 22

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2013
Closed on
Jan 30, 2014
Sold by
Welch Bernard C and Welch Peter C
Bought by
Persaud Gunanand and Persaud Bhamini S
Seller's Agent
Bobbie Banan
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Cindy Quinn
SATO REAL ESTATE INC.
List Price
$515,000
Sold Price
$445,000
Premium/Discount to List
-$70,000
-13.59%
Current Estimated Value
$1,129,978

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$684,978
Avg. Annual Appreciation
8.29%
Original Mortgage
$356,000
Outstanding Balance
$270,476
Interest Rate
4.48%
Mortgage Type
New Conventional
Estimated Equity
$859,502

Purchase Details

Closed on
Jun 3, 2009
Sold by
Welch Edith A
Bought by
Welch Edith A and Welch Bernard C

Purchase Details

Closed on
Feb 3, 1997
Sold by
Banan Roberta B and Bamford Harry Russell
Bought by
Welch Bernard C and Welch Edith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.69%

Purchase Details

Closed on
Jan 29, 1997
Sold by
Bamford David J and Welch Edith A
Bought by
Welch Bernard C and Welch Edith A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.69%
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 Buyer Sale Price Title Company
Persaud Gunanand $445,000 Attorney
Persaud Gunanand -- Attorney
Welch Edith A -- Attorney
Welch Bernard C -- --
Welch Bernard C $150,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Persaud Gunanand $356,000
Previous Owner Welch Bernard C $120,000
Previous Owner Welch Bernard C $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/30/2014 01/30/14 Sold $445,000 -13.6% $255 / Sq Ft
12/02/2013 12/02/13 Pending -- -- --
05/13/2013 05/13/13 For Sale $515,000 -- $296 / 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 $11,208 $685,919 -- --
2024 $11,208 $926,746 $442,000 $484,746
2023 $10,968 $927,043 $442,000 $485,043
2022 $8,976 $671,806 $350,000 $321,806
2021 $7,257 $468,492 $260,000 $208,492
2020 $7,186 $441,339 $250,000 $191,339
2019 $7,223 $441,079 $250,000 $191,079
2018 $7,066 $425,788 $250,000 $175,788
2017 $6,522 $419,271 $0 $0
2016 $5,974 $368,281 $0 $0
2015 $5,700 $369,221 $0 $0
2014 $5,700 $345,701 $0 $0
2013 $5,110 $308,516 $199,600 $108,916
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3978163

Stellar MLS

APN: 78611-0000-1