NOT LISTED FOR SALE

5955 Midnight Pass Rd Unit 3E Sarasota, FL 34242

Estimated Value: $397,974 - $474,000

1 Bed
1 Bath
522 Sq Ft
$675/mo HOA Fee

Last Sold July 07, 2022

Last sale price $475,000 $910 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $3,244/month

6 Days on Market

Highlights

  • 350 Feet of Intracoastal Waterfront
  • Boat Dock
  • Private Beach
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated In Ground Pool

About This Home

As of July 2022

Don't miss this unique investor opportunity. Sea Club II can be rented for a minimum of one night. Very few condominiums on Siesta Key can capture those nightly or weekend guests. All units enjoy the ability to choose their rental agent. Unit 3E, Sea Club II is a ground floor, turnkey furnished one bedroom, one bath condominium with an excellent rental history. The unit comes with everything your guests will need to enjoy a vacation stay at the beach. Sea Club II's pool was new in 2020. The pool overlooks the intercoastal waterway and has beautiful brick pavers, a tiki hut and charcoal grills. The fishing pier is brand new in 2021. Your guests can sit by the pool or on the fishing pier and watch the boats pass on the intercoastal waterway. Sea Club II has deeded beach access, which is a rare find for intercoastal properties on Siesta Key. Unit 3E has a front and back lanai. Sea Club II's grounds are approximately 4 acres of "old Florida"! Don't pass up this diamond in the rough.

Last Agent to Sell the Property

Kimberly Colgate

PRIVATE WEALTH REALTY INC License #3237821 Listed on: 05/02/2022

Last Buyer's Agent

Jennifer Thompson

WILLIAM RAVEIS REAL ESTATE License #3276423

WILLIAM RAVEIS REAL ESTATE

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,637

Year Built

  • Built in 1978

Lot Details

  • 350 Feet of Intracoastal Waterfront
  • Property fronts an intracoastal waterway
  • Private Beach
  • South Facing Home

HOA Fees

  • $675 Monthly HOA Fees

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 522 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Drapes & Rods
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen
  • Ceramic Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Freezer
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • Heated In Ground Pool
  • Pool Deck
  • Pool Sweep
  • Pool Tile
  • Pool Lighting

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • First Come-First Served Dock
  • Seawall
  • Dock made with Composite Material
  • Exterior Lighting

Schools

  • Southside Elementary School
  • Sarasota Middle School
  • Sarasota High School

Utilities

  • Central Air
  • Heating Available
  • Thermostat
  • Electric Water Heater
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, pool, escrow reserves fund, pest control, sewer, trash, water
  • Contntls Sea Club Community
  • Continental's Sea Club II Subdivision
  • Association Owns Recreation Facilities

Recreation

  • Boat Dock
  • Community Pool

Additional Features

  • Laundry Facilities
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,637

Year Built

Built in 1978

Lot Details

0

HOA Fees

$675 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Pest Control, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 522
  • New Construction: No
  • Year Built: 1978
  • Building Area Total: 522
  • Directions to Property: Tamiami Trail to Clark Road. South bridge to Siesta Key. North on Siesta Key approximately 1.5 miles. Property on intercoastal side of Siesta Key.
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Escrow State: FL
  • Floor Number: 1
  • List Office Head Office Key Nume: 1047701
  • Minimum Lease: 1-7 Days
  • RATIO Current Price By Calculate: 909.96
  • Total Acreage: Non-Applicable
  • Unit Number YN: 0
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • Tax Year: 2021
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Kitchen/Family Room Combo, Thermostat
  • Appliances Included: Disposal, Electric Water Heater, Freezer, Microwave, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 1
  • Levels: One
  • Spa Yn: No
  • Stories: 1
  • Window Features: Blinds, Drapes
  • Street Number Modifier: 5955
  • ResoLivingAreaSource: Estimated
  • Living Area Meters: 48.50
  • Room Count: 4

Exterior Features

  • Direction Faces: South
  • Pool Features: Deck, Heated, In Ground, Lighting, Pool Sweep, Tile
  • Exterior Features: Lighting, Sliding Doors
  • Roof: Shingle
  • Pool Private: No
  • Waterfront: Yes
  • Road Surface Type: Gravel
  • Disclosures: Condominium Disclosure Available
  • Water Access: Beach - Private,Gulf/Ocean,Intracoastal Waterway
  • Water Extras: Dock - Composite,Dock - Slip 1st Come,Fishing Pier,Seawall - Concrete
  • Water Extras YN: 1
  • Water View YN: 0
  • Waterfront Feet Total: 350
  • Additional Water Information: Sea Club II is located on the intercoastal waterway. The condominium has deeded beach access to Siesta Key Beach.
  • Water Frontage Feet ICW: 350

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Public, Sewer Connected, Street Lights, Water Connected
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: None
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Gated, Pool, Water Access
  • Association Amenities: Dock, Gated, Laundry, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • Senior Community: No
  • Association Approval Required YN: 0
  • Association Fee Requirement: None
  • Building Name Number: SEA CLUB II
  • Condo Fees: 675
  • Condo Land Included YN: 1
  • Montly Maint Amt Addition To HOA: 0
  • Monthly Condo Fee Amount: 675

Fee Information

  • Total Annual Fees: 8100.00
  • Total Monthly Fees: 675.00

Schools

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

Lot Info

  • Parcel Number: 105132015
  • Additional Parcels: No
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Lot Size Square Meters: 0

Green Features

  • Green Verification Count: 0

Rental Info

  • Furnished: Furnished
  • Lease Restrictions YN: 0
  • Additional Lease Restrictions: There are no lease restrictions. The property can be rented 1-7 days.
  • Month To Month Or Weekly YN: 1

Tax Info

  • Tax Annual Amount: 2637
  • Tax Lot: 1

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2022
Closed on
Jul 7, 2022
Sold by
5955 3 Llc
Bought by
Velez Christian J and Velez Susie
Seller's Agent
Kimberly Colgate
PRIVATE WEALTH REALTY INC
Buyer's Agent
Jennifer Thompson
WILLIAM RAVEIS REAL ESTATE
List Price
$525,000
Sold Price
$475,000
Premium/Discount to List
-$50,000
-9.52%
Current Estimated Value
$422,494

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$52,506
Avg. Annual Appreciation
-3.54%
Original Mortgage
$380,000
Outstanding Balance
$363,642
Interest Rate
5.1%
Mortgage Type
New Conventional
Estimated Equity
$59,395

Purchase Details

Closed on
Apr 5, 2018
Sold by
Linn W Ong Revocable Trust
Bought by
5955 3 Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$102,600
Interest Rate
4.43%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 2015
Sold by
Ong Linn W
Bought by
Ong Linn W and Linn W Ong Revocable Trust

Purchase Details

Closed on
Mar 14, 2003
Sold by
Clabby John T
Bought by
Ong Beale H and Ong Linn W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$141,375
Interest Rate
5.86%

Purchase Details

Closed on
Sep 15, 2000
Sold by
Stoutenborough Paul D and Stoutenborough Joan H
Bought by
Clabby John T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,600
Interest Rate
8.17%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Velez Christian J $475,000 None Listed On Document
5955 3 Llc $222,600 Attorney
Ong Linn W -- Attorney
Ong Beale H $188,500 --
Clabby John T $119,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Velez Christian J $380,000
Previous Owner 5955 3 Llc $102,600
Previous Owner Ong Beale H $141,375
Previous Owner Clabby John T $89,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/07/2022 07/07/22 Sold $475,000 -9.5% $910 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
05/02/2022 05/02/22 For Sale $525,000 -- $1,006 / 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 $4,051 $333,500 -- $333,500
2023 $4,051 $315,900 $0 $315,900
2022 $2,914 $234,500 $0 $234,500
2021 $2,516 $177,200 $0 $177,200
2020 $2,332 $158,500 $0 $158,500
2019 $2,354 $163,200 $0 $163,200
2018 $2,161 $149,600 $0 $149,600
2017 $2,029 $135,278 $0 $0
2016 $1,922 $125,600 $0 $125,600
2015 $1,797 $111,800 $0 $111,800
2014 $1,949 $128,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kimberly Colgate

    Seller's Agent in 2022

    Kimberly Colgate

    PRIVATE WEALTH REALTY INC

    (941) 926-8754

    5 in this area

    24 Total Sales

    Kimberly Colgate
    Section Image
  • Jennifer Thompson

    Buyer's Agent in 2022

    Jennifer Thompson

    WILLIAM RAVEIS REAL ESTATE

    (941) 928-0790

    59 in this area

    172 Total Sales

    Jennifer Thompson
    Section Image
See All Agents

Map

Source: Stellar MLS

MLS Number: A4533807

Stellar MLS

APN: 0105-13-2015

Florida Sarasota County Sarasota 34242

5955 Midnight Pass Rd Unit 3E, Sarasota, FL

This home is located at 5955 Midnight Pass Rd Unit 3E, Sarasota, FL 34242 since 02 May 2022 and is currently estimated at $422,494, approximately $809 per square foot. This property was built in 1978. 5955 Midnight Pass Rd Unit 3E is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota 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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