NOT LISTED FOR SALE

590 Chipping Ln Longboat Key, FL 34228

Estimated Value: $3,259,000 - $3,958,000

3 Beds
3.5 Baths
2,374 Sq Ft
$1,472/Sq Ft Est. Value

Last Sold June 08, 2020

Last sale price $2,500,000 $1,053 Per Sq Ft

Est. 40% increase in value since last sale

Current estimated payment $22,500/month

179 Days on Market

Highlights

  • 281 Feet of Waterfront
  • White Water Ocean Views
  • Screened Pool
  • Southside Elementary School Rated A
  • Access To Intracoastal Waterway
  • Corner Lot

About This Home

As of June 2020

One of the most spectacular waterfront properties to come on the market in a long time. On the desirable south end of Longboat Key, a SE corner property with expansive views of Sarasota Bay, deep water docking capability and deeded beach access. During the day, you will be entertained by the dolphins and the boaters while the views are even more spectacular when the sun sets, and Sarasota’s downtown lights are in full display. With over 16,000 sq. ft. plus bay + canal waterfrontage, this property is prime for someone’s dream home. In the meantime, the present home has been remodeled with new floors, kitchen and baths and has surprisingly large, open rooms totally showcasing the water views. Golf, tennis and pampering is right across the street at the Longboat Key Club with nearby shopping and dining at St. Armand’s Circle and Downtown Sarasota.

Last Agent to Sell the Property

Marcia Salkin

MICHAEL SAUNDERS & COMPANY License #0353704 Listed on: 11/25/2019

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Melissa Perrigoue

COLDWELL BANKER REALTY License #3306306

COLDWELL BANKER REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $21,385

Year Built

  • Built in 1966

Lot Details

  • 0.38 Acre Lot
  • Lot Dimensions are 140x141x105x109
  • 281 Feet of Waterfront
  • Property Fronts a Bay or Harbor
  • Property fronts a saltwater canal
  • Southeast Facing Home
  • Corner Lot
  • Property is zoned RSF1

HOA Fees

  • $8 Monthly HOA Fees

Parking

  • 2 Car Attached Garage

Home Design

  • Slab Foundation
  • Tile Roof
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 2,374 Sq Ft Home
  • 1-Story Property
  • Blinds
  • Sliding Doors
  • Great Room
  • Inside Utility
  • Laminate Flooring
  • White Water Ocean Views

Kitchen

  • Range
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Fence Around Pool

Outdoor Features

  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Deeded access to the beach
  • Access to Saltwater Canal
  • Seawall
  • Screened Patio

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Schools

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

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • Country Club Shores Association
  • Visit Association Website
  • Country Club Shores Community
  • Country Club Shores Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$21,385

Year Built

Built in 1966

Lot Details

0

HOA Fees

$8 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Completed
  • Property Sub Type: Single Family Residence
  • Architectural Style: Ranch
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 2374
  • Lot Size Acres: 0.38
  • New Construction: No
  • Year Built: 1966
  • Building Area Total: 3893
  • Lot Size Sq Ft: 16930
  • Directions to Property: From Gulf of Mexico Drive, turn into Country Club Shores V and left onto Chipping Lane.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4452503?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4452503?w=Customer
  • Homestead Y N: No
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.87719
  • Price per Sq Ft: 1053.07
  • Close to Original List Price Ratio: 0.87719
  • Ratio: Current Price\Building Area Total: 642.18
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2019
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Laminate
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Split Bedroom, Stone Counters, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Blinds
  • Street Number Modifier: 590
  • Room Count: 9
  • Additional Rooms: Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Heated, In Ground, Screen Enclosure
  • Exterior Features: Sliding Doors
  • Roof: Built-Up, Tile
  • Pool Private: Yes
  • View: Water
  • Water Body Name: Sarasota Bay
  • Waterfront: Yes
  • Patio and Porch Features: Screened
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full
  • Water Access: Bay/Harbor, Beach - Access Deeded, Canal - Saltwater, Intracoastal Waterway
  • Water Extras: Sailboat Water, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 281
  • Water Frontage Feet Bay Harbor: 140
  • Water Frontage Feet Canal Salt: 141
  • Disclosures: Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Available, Public, Sewer Connected
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Water Access
  • Association Fee: 100
  • Association Fee Frequency: Annually
  • Association Name: Country Club Shores
  • Association: Yes
  • Senior Community: No
  • Association Website: www.countryclubshoresunitiv.com
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

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: RSF1
  • Parcel Number: 0009070024
  • Additional Parcels: No
  • Lot Features: Corner Lot, Flood Insurance Required, FloodZone
  • Lot Dimensions: 140x141x105x109
  • Flood Zone Code: AE
  • Zoning Compatible Y N: Yes
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Unfurnished
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Lease restrictions

Tax Info

  • Tax Annual Amount: 21384.57
  • Tax Block: G
  • Tax Book Number: 18-17
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Bay/Harbor, Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 25, 2019
Closed on
Jun 8, 2020
Sold by
Farbman Seth and Carola P Tucker Qualified Pers
Bought by
Mcnally James E
Seller's Agent
Marcia Salkin
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Melissa Perrigoue
COLDWELL BANKER REALTY
List Price
$2,850,000
Sold Price
$2,500,000
Premium/Discount to List
-$350,000
-12.28%
Current Estimated Value
$3,493,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$993,784
Avg. Annual Appreciation
6.48%
Source: Public Records

Range of Values:

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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
Mcnally James E $2,500,000 Attorney
Mcnally James E -- Attorney
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/08/2020 06/08/20 Sold $2,500,000 -12.3% $1,053 / Sq Ft
05/22/2020 05/22/20 Pending -- -- --
11/25/2019 11/25/19 For Sale $2,850,000 -- $1,201 / 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 $46,754 $3,675,555 -- --
2023 $46,754 $3,568,500 $3,396,200 $172,300
2022 $38,573 $3,457,400 $3,375,600 $81,800
2021 $30,096 $2,124,600 $2,052,400 $72,200
2020 $22,069 $1,550,403 $0 $0
2019 $21,385 $1,515,545 $0 $0
2018 $0 $1,487,287 $0 $0
2017 $20,549 $1,456,696 $0 $0
2016 $20,492 $2,039,700 $1,981,100 $58,600
2015 $20,684 $1,981,000 $1,919,800 $61,200
2014 $20,676 $1,384,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4452503

Stellar MLS

APN: 0009-07-0024