NOT LISTED FOR SALE

5847 Pine Tree Dr Sanibel, FL 33957

Estimated Value: $1,373,000 - $2,030,000

0.31 Acres
$5,556,526 Price per Acre
13,356 Sq Ft Lot

Last Sold August 06, 2020

Last sale price $300,000

Est. 468% increase in value since last sale

Current estimated payment $9,307/month

171 Days on Market

Highlights

  • Community Boat Dock
  • Home fronts navigable water
  • Canal View
  • Sanibel Elementary School Rated A-
  • Canal Access

About This Lot

As of August 2020

One of only a handful of vacant canal lots remaining on Sanibel and this one is priced to sell. Southwestern exposure on the canal side which is ideal for a residential pool. Per an older survey there appears to be approx. 2,550 sq. ft. of impermeable area and 2,975 sq. ft. of total development area. The lot is located in "F" Mid-Island Ridge eco-zone. The canal is direct access (no bridges) and was recently dredged but is best suited for smaller power boats because of the overhanging vegetation.

Last Agent to Sell the Property

Charles Sobczak

Michael Saunders & Company License #280500074 Listed on: 01/17/2020

Michael Saunders & Company

Last Buyer's Agent

LeAne Taylor Suarez

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $3,481

Lot Details

  • 0.31 Acre Lot
  • Lot Dimensions are 95 x 137 x 95 x 127
  • Home fronts navigable water
  • Property fronts a private road
  • Northeast Facing Home
  • Irregular Lot

HOA Fees

  • $8 Monthly HOA Fees

Property Views

  • Canal Views

Utilities

  • Underground Utilities
  • Sewer Assessments
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 4-B / 900
  • Assessor Parcel Number 11-46-21-T3-00900.004B

Community Details

Overview

  • Association fees include road maintenance
  • Castaway Key Unrecorded Subdivision

Recreation

  • Community Boat Dock
  • Canal Access

Property Details

Property Type

Land

Est. Annual Taxes

$3,481

Lot Details

0.31 Acres

HOA Fees

$8 per month

Listing Details

  • Property Sub Type: Residential
  • Prop. Type: Land
  • Lot Size Acres: 0.3066
  • Lot Size: 95 x 137 x 95 x 127
  • Road Frontage Type: Private Road
  • Road Surface Type: Gravel
  • Subdivision Name: CASTAWAY KEY UNRECORDED SUBDIVISION
  • Directions: Head west toward Captiva after coming onto Sanibel. Take San-Cap Road approx. five miles past Tarpon Bay Road. Pine Tree Drive is on your right. Turn north onto Pine Tree then it turns east. The lot is approx. four lots in on the right.
  • Property Sub Type Additional: Residential,Unimproved Land
  • Special Features: None

Exterior Features

  • Lot Features: Irregular Lot
  • View: Canal
  • View: Yes
  • Waterfront Features: Canal Access, Navigable Water
  • Waterfront: Yes
  • Disclosures: Disclosure on File, Deed Restriction, Seller Disclosure
  • Direction Faces: Northeast

Utilities

  • Sewer: Assessment Unpaid
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Available, Trash Collection, Underground Utilities, Water Available
  • Water Source: Assessment Unpaid, Public

Condo/Co-op/Association

  • Community Features: Boat Facilities, Non-Gated, See Remarks
  • Amenities: See Remarks
  • Association Fee: 100.0
  • Association Fee Frequency: Annually

Fee Information

  • Association Fee Includes: Road Maintenance

Lot Info

  • Current Use: Single Family
  • Additional Parcels Description: 11-46-21-T3-00900.004B
  • Parcel #: 11-46-21-T3-00900.004B
  • Zoning Description: SFR
  • ResoLotSizeUnits: Acres

Tax Info

  • Tax Annual Amount: 3481.0
  • Tax Block: 900
  • Tax Lot: 4-B
  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2020
Closed on
Aug 6, 2020
Sold by
Sosnowski Neal M and Rose Elena M
Bought by
Cohen William J and Cohen Arielle K
Seller's Agent
Charles Sobczak
Michael Saunders & Company
Buyer's Agent
LeAne Taylor Suarez
List Price
$339,000
Sold Price
$300,000
Premium/Discount to List
-$39,000
-11.5%
Current Estimated Value
$1,703,631

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,403,631
Avg. Annual Appreciation
36.21%
Original Mortgage
$1,060,000
Outstanding Balance
$526,868
Interest Rate
2.44%
Mortgage Type
FHA
Estimated Equity
$1,176,763

Purchase Details

Listed on
Jan 17, 2020
Closed on
Jul 28, 2020
Sold by
Ryan Bruce K and Ryan Candace P
Bought by
Ryan Kenneth E
Seller's Agent
Charles Sobczak
Michael Saunders & Company
Buyer's Agent
LeAne Taylor Suarez
List Price
$339,000
Sold Price
$300,000
Premium/Discount to List
-$39,000
-11.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,060,000
Outstanding Balance
$526,868
Interest Rate
2.44%
Mortgage Type
FHA
Estimated Equity
$1,176,763
Source: Public Records
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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
Cohen William J $300,000 Superior Title Services
Ryan Kenneth E $400,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ryan Kenneth E $1,060,000
Closed Cohen William J $180,000
Closed Ryan Kenneth E $1,060,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/06/2020 08/06/20 Sold $300,000 -11.5% --
07/07/2020 07/07/20 Pending -- -- --
01/17/2020 01/17/20 For Sale $339,000 -- --
Source: Florida Gulf Coast Multiple Listing Service

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 $5,221 $1,296,465 $718,037 $463,514
2024 $5,221 $331,493 $311,777 --
2023 $5,542 $326,700 $0 $0
2022 $4,228 $297,000 $0 $0
2021 $3,839 $270,000 $270,000 $0
2020 $3,824 $270,000 $270,000 $0
2019 $4,147 $270,000 $270,000 $0
2018 $4,047 $270,000 $270,000 $0
2017 $3,482 $196,949 $196,949 $0
2016 $3,274 $180,000 $180,000 $0
2015 $3,351 $180,000 $180,000 $0
2014 -- $180,000 $180,000 $0
2013 -- $189,000 $189,000 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 220005260

Florida Gulf Coast Multiple Listing Service

APN: 11-46-21-T3-00900.004B

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