NOT LISTED FOR SALE

580 Chipping Ln Longboat Key, FL 34228

Estimated Value: $3,296,933 - $4,353,000

4 Beds
3.5 Baths
5,345 Sq Ft
$748/Sq Ft Est. Value

Last Sold March 26, 2018

Last sale price $2,000,000 $374 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $22,767/month

751 Days on Market

Highlights

  • 110 Feet of Waterfront
  • Access To Intracoastal Waterway
  • Boat Lift
  • Southside Elementary School Rated A
  • Boat Slip Deeded
  • Heated In Ground Pool

About This Home

As of March 2018

Artfully designed to embrace the surrounding water, this magnificent Country Club Shores home is one of the only residences in the community to offer protected dockage yet full views of Sarasota Bay. Priced $600,000 below appraisal, this is an exceptional opportunity to own a masterfully constructed residence just one lot from the Bay on Longboat Key’s south end. Brazilian mahogany doors open to reveal classic, coastal living spaces, freshly painted in clean, crisp neutral tones and styled with casual elegance in mind. The flexible floor plan accommodates family & guests comfortably with 4 bedrooms, including first floor suite, 3 baths, study & powder room. The kitchen makes entertaining easy with its deluxe appliances, custom copper sinks & new refrigerator, while a garden bistro is perfect for morning coffee. Astonishing Bay views, private terrace, expansive walk-in closets & a marble-clad bathroom highlight the extraordinary master retreat on the second level. The 600 SF rooftop terrace is the place to savor sunset cocktails, with panoramic views across the water. The incredible boat dock with 24K and 7K lb. lifts is right in your backyard, along with a saltwater pool, spa & summer kitchen. Additional features include plans for an elevator, two new A/C units, generator & 2 car garage. Offering deeded beach access, Country Club Shores epitomizes what the good life in Florida is all about sunshine, relaxation, boating and golf. It’s chic, casual and convenient to St. Armands Circle and downtown Sarasota.

Last Agent to Sell the Property

Mackenzie Longueuil

MICHAEL SAUNDERS & COMPANY License #3255391 Listed on: 01/22/2016

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Monica Verinder

COLDWELL BANKER REALTY License #3291916

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $25,961

Year Built

  • Built in 2003

Lot Details

  • 0.27 Acre Lot
  • Lot Dimensions are 64x50x105x110x112
  • 110 Feet of Waterfront
  • Property fronts a saltwater canal
  • North Facing Home
  • Fenced
  • Mature Landscaping
  • Irrigation
  • Property is zoned R4SF

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Property Views

  • Full Bay or Harbor
  • Canal
  • Pool

Home Design

  • Custom Home
  • Bi-Level Home
  • Slab Foundation
  • Stem Wall Foundation
  • Tile Roof
  • Block Exterior
  • Pile Dwellings
  • Stucco

Interior Spaces

  • 5,345 Sq Ft Home
  • Crown Molding
  • Tray Ceiling
  • High Ceiling
  • Ceiling Fan
  • Electric Fireplace
  • Gas Fireplace
  • Blinds
  • Sliding Doors
  • Great Room
  • Breakfast Room
  • Formal Dining Room
  • Den
  • Storage Room
  • Fire and Smoke Detector

Kitchen

  • Built-In Oven
  • Cooktop
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Ceramic Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Saltwater Pool
  • Outside Bathroom Access
  • Pool Sweep
  • Heated Spa

Outdoor Features

  • Access To Intracoastal Waterway
  • Deeded access to the beach
  • Access to Bay or Harbor
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Boat Lift
  • Boat Slip Deeded
  • Balcony
  • Deck
  • Covered Patio or Porch
  • Outdoor Kitchen
  • Exterior Lighting
  • Outdoor Storage
  • Outdoor Grill

Schools

  • Southside Elementary School
  • Booker Middle School
  • Booker High School

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Propane
  • Electric Water Heater

Community Details

  • Country Club Shores Community
  • Country Club Shores Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Legal Lot and Block 2 / G
  • Assessor Parcel Number 0009070025

Home Details

Home Type

Single Family

Est. Annual Taxes

$25,961

Year Built

Built in 2003

Lot Details

0

HOA Fees

$8 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Custom
  • Construction Materials: Block, Stucco
  • Fireplace: Yes
  • Living Area: 5345
  • Lot Size Acres: 0.27
  • New Construction: No
  • Year Built: 2003
  • Building Area Total: 7243
  • Lot Size Sq Ft: 11824
  • Directions to Property: Gulf of Mexico Drive to Country Club Shores V entrance, left on Bogey Lane, first right on Chipping Lane. Home is at the end on the right.
  • Status: Sold
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Home Warranty Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.88889
  • Price per Sq Ft: 374.18
  • Close to Original List Price Ratio: 0.71556
  • Ratio: Current Price\Building Area Total: 276.13
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: Owner
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Fireplace Features: Electric, Gas
  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Marble
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Crown Molding, High Ceiling(s), Tray Ceiling(s)
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Refrigerator, Washer
  • Foundation Details: Slab, Stem Wall, Stilt/On Piling
  • Total Bedrooms: 4
  • Levels: Two
  • Spa Features: Heated
  • Spa Yn: Yes
  • Window Features: Blinds
  • Street Number Modifier: 580
  • Room Count: 10
  • Additional Rooms: Breakfast Room Separate, Den/Library/Office, Formal Dining Room Separate, Great Room, Storage Rooms
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: North
  • Other Structures: Outdoor Kitchen, Storage
  • Pool Features: Heated, In Ground, Outside Bath Access, Pool Sweep, Salt Water
  • Exterior Features: Balcony, Fenced, Irrigation System, Lighting, Outdoor Grill, Outdoor Kitchen, Sliding Doors, Storage
  • Roof: Tile
  • Pool Private: Yes
  • View: Pool, Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Partial, Canal
  • Water Access: Bay/Harbor, Beach - Access Deeded, Canal - Saltwater, Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges, Dock - Slip Deeded On-Site, Lift, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 1251260010B
  • Waterfront Frontage: 110
  • Disclosures: HOA/PUD/Condo Disclosure, Seller Property Disclosure

Garage/Parking

  • Attached Garage: Yes
  • Garage Spaces: 2
  • Garage Yn: Yes
  • Covered Parking Spaces: 2
  • Open Parking: No

Utilities

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

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association Fee: 100
  • Association Fee Frequency: Annually
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Association Fee Requirement: Required

Fee Information

  • Total Annual Fees: 100
  • Monthly HOA Fee: 8.33
  • Total Monthly Fees: 8.33

Schools

  • Elementary School: Southside Elementary
  • High School: Booker High
  • Middle Or Junior School: Booker Middle

Lot Info

  • Zoning: R4SF
  • Parcel Number: 0009070025
  • Additional Parcels: No
  • Lot Dimensions: 64x50x105x110x112
  • Millage Rate: 14.61
  • Flood Zone Code: A13
  • Flood Zone Date: 1983-08-15
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Num Timesper Year: 12

Tax Info

  • Tax Annual Amount: 25961
  • Tax Block: G
  • Tax Book Number: 18-17
  • Tax Lot: 2

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 22, 2016
Closed on
Mar 26, 2018
Sold by
Michel Thomas D and Thomas D Michel Revocable Trus
Bought by
Verinder David C and Verinder Monica M
Seller's Agent
Mackenzie Longueuil
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Monica Verinder
COLDWELL BANKER REALTY
List Price
$2,795,000
Sold Price
$2,000,000
Premium/Discount to List
-$795,000
-28.44%
Current Estimated Value
$3,997,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,997,311
Avg. Annual Appreciation
9.63%
Original Mortgage
$850,000
Outstanding Balance
$497,766
Interest Rate
4.32%
Mortgage Type
New Conventional
Estimated Equity
$3,499,545

Purchase Details

Closed on
Jul 8, 2010
Sold by
Michel Thomas D and Michel Twink
Bought by
Michel Thomas D and Thomas D Michel Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
4.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 27, 2006
Sold by
Michel Thomas D and Michel Twink
Bought by
Michel Thomas D and Michel Twink

Purchase Details

Closed on
Sep 12, 2005
Sold by
Gault Robert Kruger and Gault Shannon
Bought by
Michel Thomas D and Michel Twink

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
5.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Feb 28, 2002
Sold by
Magic Food Consulting Corp
Bought by
Gault Robert Kruger

Purchase Details

Closed on
Jul 28, 1997
Sold by
Isham Carol L
Bought by
Magic Food Consulting Corp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$285,000
Interest Rate
7.61%

Purchase Details

Closed on
Sep 24, 1993
Sold by
Isham Frederic Lance and Isham Carol L
Bought by
Isham Carol L
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
Verinder David C $2,000,000 Attorney
Michel Thomas D -- Attorney
Michel Thomas D -- Properties Title Llc
Michel Thomas D $3,600,000 Properties Title Llc
Gault Robert Kruger $818,800 --
Magic Food Consulting Corp $575,000 --
Isham Carol L -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Verinder David C $850,000
Previous Owner Michel Thomas D $1,000,000
Previous Owner Michel Thomas D $1,000,000
Previous Owner Magic Food Consulting Corp $285,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/26/2018 03/26/18 Sold $2,000,000 -11.1% $374 / Sq Ft
02/12/2018 02/12/18 Pending -- -- --
07/11/2017 07/11/17 Price Changed $2,250,000 -9.8% $421 / Sq Ft
10/18/2016 10/18/16 Price Changed $2,495,000 -5.8% $467 / Sq Ft
07/08/2016 07/08/16 Price Changed $2,650,000 -5.2% $496 / Sq Ft
01/22/2016 01/22/16 For Sale $2,795,000 -- $523 / 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
2024 $17,801 $1,394,672 -- --
2023 $17,801 $1,354,050 $0 $0
2022 $17,501 $1,314,612 $0 $0
2021 $17,390 $1,247,390 $0 $0
2020 $17,523 $1,230,168 $0 $0
2019 $15,887 $1,124,700 $0 $0
2018 $25,099 $1,737,100 $778,500 $958,600
2017 $25,962 $1,796,700 $793,300 $1,003,400
2016 $25,080 $1,703,500 $773,100 $930,400
2015 $24,658 $1,644,900 $743,800 $901,100
2014 $17,950 $1,207,077 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4143578

Stellar MLS

APN: 0009-07-0025