NOT LISTED FOR SALE

5841 Gulf of Mexico Dr Unit 247 Longboat Key, FL 34228

Estimated Value: $419,000 - $538,000

2 Beds
2 Baths
760 Sq Ft
1.12 Acres

Last Sold May 03, 2021

Last sale price $400,000 $526 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $3,187/month

174 Days on Market

Highlights

  • Water Views
  • Water Access
  • Ceramic Tile Flooring
  • Anna Maria Elementary School Rated A-
  • Community Pool
  • Central Air

About This Home

As of May 2021

A great weekend getaway on the beach or an excellent rental investment. Designed as a 2/2 condo or two 1/1 condos and available to rent even for one night occupation. Excellent management on site or owner is free to do their own management. Out of the front door and you re at the pool or on the beach. Silver Sands offers heated pool, beach chairs & umbrellas, mini putting green,shuffleboard, poolside grill and WiFi.
Even with Covid the first six months of this year income was $30244 and after expenses check to owner was for $18817. Full income/expenses for last 3 years available on request.

Last Agent to Sell the Property

Michael Granston

License #0597142 Listed on: 09/25/2020

Last Buyer's Agent

George Sanchez

EZ CHOICE REALTY License #3046135

EZ CHOICE REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,271

Year Built

  • Built in 1972

Lot Details

  • 1.12

Home Design

  • Slab Foundation

Interior Spaces

  • 760 Sq Ft Home
  • 1-Story Property
  • Window Treatments
  • Ceramic Tile Flooring
  • Water Views
  • Washer

Kitchen

  • Built-In Oven
  • Cooktop
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Utilities

  • Central Air
  • Heating Available
  • Cable TV Available

Additional Features

  • Water Access
  • South Facing Home

Listing and Financial Details

  • Assessor Parcel Number 8005201259
  • Tax Block 1004

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include cable TV, community pool, manager, sewer, trash, water
  • Silverlake Community
  • Silver Sands A Condo Subdivision

Recreation

  • Community Pool

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,271

Year Built

Built in 1972

Lot Details

0

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Manager, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Water View: Yes
  • Living Area: 760.00
  • Year Built: 1972
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479201?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479201?w=Customer
  • Down Payment Resource Assistance: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4479201?w=PubMLS
  • Directions to Property: On Gulf of MexicoDr, Gulfside, 4 miles from North bridge and 7 miles from South bridge
  • Escrow State: FL
  • List Office Head Office Key Nume: 505107009
  • Status: Sold
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Room Count: 5
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Split Bedroom, Window Treatments
  • Appliances Included: Built-In Oven, Cooktop, Dishwasher, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Floor Number: 1
  • Levels: One
  • Stories: 1
  • Living Area Meters: 70.61
  • Street Number Modifier: 5841

Exterior Features

  • Direction Faces: South
  • Water View: Gulf/Ocean - Partial
  • Flood Zone Code: AE

Utilities

  • Utilities: Cable Connected
  • Cooling: Central Air
  • Heating: Electric
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • S W Subdiv Community Name: Silverlake
  • Community Features: Pool, Water Access
  • Building Name Number: SILVER SANDS
  • Condo Fees: 2235
  • Condo Fees Term: Quarterly
  • Monthly Condo Fee Amount: 745
  • Association: Yes

Fee Information

  • Total Annual Fees: 8940.00
  • Total Monthly Fees: 745.00

Lot Info

  • Zoning: RMF
  • Parcel Number: 8005201259

Rental Info

  • Minimum Lease: 1-7 Days

Tax Info

  • Tax Annual Amount: 6270.99
  • Tax Block: 1004
  • Tax Book Number: 32-166

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2020
Closed on
May 3, 2021
Sold by
Needham James and Needham Shelagh
Bought by
Sanchez George and George Sanchez Revocable Trust
Seller's Agent
Michael Granston
Buyer's Agent
George Sanchez
EZ CHOICE REALTY
List Price
$419,000
Sold Price
$400,000
Premium/Discount to List
-$19,000
-4.53%
Current Estimated Value
$490,739

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$90,739
Avg. Annual Appreciation
4.66%

Purchase Details

Closed on
Nov 5, 2015
Sold by
Needham James
Bought by
Needham James and Needham Shelagh

Purchase Details

Listed on
Mar 26, 2012
Closed on
Aug 31, 2012
Sold by
Kirch Gwendolyn
Bought by
Needham James
Seller's Agent
Mary Jane GOLDTHWAITE
LIMBO COMPANY SARASOTA ASSOC
Buyer's Agent
Michael Granston
List Price
$370,000
Sold Price
$370,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.17%

Purchase Details

Closed on
Mar 2, 2005
Sold by
Reliance Silver Sands Llc
Bought by
Kirch David M and Kirch Gwendolyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$532,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Sanchez George $400,000 Attorney
Needham James -- Attorney
Needham James $370,000 Starr Title Ins Agency Llc
Kirch David M $665,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Kirch David M $532,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/03/2021 05/03/21 Sold $400,000 -4.5% $526 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
09/25/2020 09/25/20 For Sale $419,000 +13.2% $551 / Sq Ft
08/31/2012 08/31/12 Sold $370,000 0.0% $487 / Sq Ft View Prior Sale
05/10/2012 05/10/12 Pending -- -- --
03/26/2012 03/26/12 For Sale $370,000 -- $487 / 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 $7,359 $143,217 -- $143,217
2024 $7,359 $463,250 -- $463,250
2023 $7,162 $463,250 $0 $463,250
2022 $6,278 $367,500 $0 $367,500
2021 $5,949 $345,000 $0 $345,000
2020 $6,271 $345,000 $0 $345,000
2019 $7,227 $405,000 $0 $405,000
2018 $6,795 $380,000 $0 $0
2017 $6,198 $411,750 $0 $0
2016 $5,791 $374,300 $0 $0
2015 $4,560 $314,550 $0 $0
2014 $4,560 $275,915 $0 $0
2013 $3,813 $228,501 $1 $228,500
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2021

    Michael Granston

    Section Image

  • G

    Buyer's Agent in 2021

    George Sanchez

    EZ CHOICE REALTY

    (941) 323-2820

    3 in this area

    6 Total Sales

    George Sanchez
    Section Image

  • M

    Seller's Agent in 2012

    Mary Jane GOLDTHWAITE

    LIMBO COMPANY SARASOTA ASSOC

  • S

    Seller Co-Listing Agent in 2012

    Sandra Maslen

    PREMIER PROPERTIES OF SRQ LLC

    (941) 526-3113

    35 Total Sales

    Sandra Maslen
    Section Image
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Map

Source: Stellar MLS

MLS Number: A4479201

Stellar MLS

APN: 80052-0125-9

Florida Manatee County Longboat Key 34228

5841 Gulf of Mexico Dr Unit 247, Longboat Key, FL

This home is located at 5841 Gulf of Mexico Dr Unit 247, Longboat Key, FL 34228 since 25 September 2020 and is currently estimated at $490,739, approximately $645 per square foot. This property was built in 1972. 5841 Gulf of Mexico Dr Unit 247 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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