NOT LISTED FOR SALE

618 Spanish Dr S Unit 113 Longboat Key, FL 34228

Estimated Value: $310,000 - $436,000

2 Beds
2 Baths
1,399 Sq Ft
$276/Sq Ft Est. Value

Last Sold May 06, 2014

Last sale price $240,000 $172 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $3,126/month

166 Days on Market

Highlights

  • Waterfront Community
  • Heated Indoor Pool
  • Property is near public transit
  • Access To Intracoastal Waterway
  • Active Adult
  • Private Lot

About This Home

As of May 2014

PRICE ADJUSTMENT! Beautiful recently renovated villa located in a pet-friendly, active Waterfront community. Brand new granite kitchen, new cabinet doors, lighting, sink, fixtures and more. Both bathrooms have also been recently and tastefully redesigned, with new granite, cabinets, tile, fixtures, and so on.(10/2013). The polished terrazzo floors throughout give this villa a clean, spacious and open feel. Newer windows, new A/C and roof in 2006. The enclosed Florida room can be used as a third guest room, office, den, reading, or T.V. room. Enjoy your morning coffee or evening BBQ's surrounded by a lush backdrop for privacy. You can moor your boat (up to 45' vessels) for a nominal fee, kayak, enjoy group events, or simply enjoy a swim in the newly resurfaced heated pool. Better yet, take a 3 minute walk to the soft, sandy beaches of Longboat Key. Just a short drive to the famous St. Armand's Circle, where you can enjoy world-class dining and shopping. If you love the water, fishing, boating, beaching and the beautiful blue waters of Sarasota and Longboat Key, you just found your next home. Great second or investment property. Very desirable rentals, 2x's a year, 1 month minimum. You can be under 55 to purchase. Call for details. This is worth a visit.

Last Agent to Sell the Property

Kimberly Freiwald

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-954-5454 License #3134433 Listed on: 10/14/2013

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Last Buyer's Agent

Kimberly Freiwald

PREMIER SOTHEBY'S INTERNATIONAL REALTY Brokerage Phone: 941-954-5454 License #3134433 Listed on: 10/14/2013

PREMIER SOTHEBY'S INTERNATIONAL REALTY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,696

Year Built

  • Built in 1969

Lot Details

  • 0.25 Acre Lot
  • Street terminates at a dead end
  • Northeast Facing Home
  • Private Lot
  • Well Sprinkler System
  • Landscaped with Trees
  • Zero Lot Line
  • Property is zoned R3MX

HOA Fees

  • $540 Monthly HOA Fees

Home Design

  • Villa
  • Slab Foundation
  • Tile Roof
  • Membrane Roofing
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,399 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Combination Dining and Living Room
  • Terrazzo Flooring
  • Garden Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Open Parking

Outdoor Features

  • Heated Indoor Pool
  • Access To Intracoastal Waterway
  • Access to Bay or Harbor
  • Access To Marina
  • Deeded access to the beach
  • No Fixed Bridges
  • Access to Saltwater Canal
  • First Come-First Served Dock
  • Seawall
  • Rain Gutters

Location

  • Flood Zone Lot
  • Property is near public transit

Schools

  • Anna Maria Elementary School
  • W.D. Sugg Middle School
  • Bayshore High School

Utilities

  • Central Heating and Cooling System
  • Humidity Control
  • Electric Water Heater
  • Cable TV Available

Listing and Financial Details

Community Details

Overview

  • Active Adult
  • Association fees include cable TV, pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, private road, sewer, trash, water
  • Spanish Main Yacht Club Community
  • Spanish Main Yacht Club Condo Subdivision
  • On-Site Maintenance
  • The community has rules related to building or community restrictions, deed restrictions

Recreation

  • Waterfront Community
  • Shuffleboard Court
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,696

Year Built

Built in 1969

Lot Details

0

HOA Fees

$540 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Private Road, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Villa
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1399
  • New Construction: No
  • Year Built: 1969
  • Building Area Total: 1747
  • Directions to Property: Gulf of Mexico to 5700 Block (northern end of LBK). Turn east into Spanish Main Yacht Club. Make immediate right. Villa down on right.
  • Status: Sold
  • Street Post Direction: S
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • List Office Head Office Key Nume: 1047486
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 171.55
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Condo Fees Term: Monthly
  • MFR_DockDescription: Dock - Slip 1st Come
  • MFR_CommunityAssociationWaterFeatures: Boat Slip,Marina,Water Access
  • Attribution Contact: 941-954-5454
  • Tax Year: 2013
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Terrazzo
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Window Features: Blinds
  • Street Number Modifier: 618
  • ResoLivingAreaSource: PublicRecords
  • Living Area Meters: 129.97
  • Room Count: 7

Exterior Features

  • Direction Faces: Northeast
  • Pool Features: Heated, Indoor
  • Exterior Features: Irrigation System, Rain Gutters
  • Roof: Membrane, Tile
  • Home Warranty: No
  • Pool Private: No
  • View: Garden
  • Waterfront: No
  • Disclosures: Condominium Disclosure Available, Lead Paint
  • Water Access: Bay/Harbor,Beach - Access Deeded,Canal - Saltwater,Intracoastal Waterway,Marina
  • Water Extras: Bridges - No Fixed Bridges,Sailboat Water,Seawall - Concrete
  • Water Extras YN: 1
  • Water View YN: 0

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Open

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Well, Street Lights
  • Cooling: Central Air, Humidity Control
  • Heating: Central
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Pool, Special Community Restrictions, Waterfront Complex
  • Association Amenities: Maintenance, Shuffleboard Court
  • Association: No
  • Security: Smoke Detector(s)
  • Senior Community: Yes
  • Pet Restrictions: maximum 25 #
  • Association Fee Requirement: None
  • Condo Fees: 540
  • Max Pet Weight: 25
  • Pet Size: Small (16-35 Lbs.)

Fee Information

  • Total Annual Fees: 6480.00
  • Total Monthly Fees: 540.00

Schools

  • Elementary School: Anna Maria Elementary
  • High School: Bayshore High
  • Middle Or Junior School: W.D. Sugg Middle

Lot Info

  • Zoning: R3MX
  • Parcel Number: 7914500009
  • Additional Parcels: No
  • Lot Features: FloodZone, Near Public Transit, Street Dead-End, Paved, Private, Zero Lot Line
  • Flood Zone Code: AE
  • Homestead YN: 0
  • Zoning Compatible YN: 1
  • Future Land Use: 0400

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Lease Restrictions YN: 1
  • Expected Lease Date: 2014-05-06T00:00:00.000

Tax Info

  • Tax Annual Amount: 2696
  • Tax Book Number: 0353/0335
  • Tax Lot: 113

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2013
Closed on
May 6, 2014
Sold by
Sherman Stephen J and Sherman Roberta K
Bought by
John W & Vivian A Fagan Revocable Trust
Seller's Agent
Kimberly Freiwald
PREMIER SOTHEBY'S INTERNATIONAL REALTY
Buyer's Agent
Kimberly Freiwald
PREMIER SOTHEBY'S INTERNATIONAL REALTY
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Current Estimated Value
$386,104

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$146,104
Avg. Annual Appreciation
4.23%

Purchase Details

Closed on
Mar 14, 2005
Sold by
Cope Kevin R
Bought by
Sherman Stephen J and Sherman Roberta K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$217,600
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage
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
John W & Vivian A Fagan Revocable Trust $240,000 Alliance Group Title Llc
Sherman Stephen J -- Prestige Title Services Inc
Sherman Stephen J $272,000 Prestige Title Services Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sherman Stephen J $217,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/06/2014 05/06/14 Sold $240,000 -5.9% $172 / Sq Ft
03/30/2014 03/30/14 Pending -- -- --
03/11/2014 03/11/14 Price Changed $255,000 -3.8% $182 / Sq Ft
01/21/2014 01/21/14 For Sale $265,000 0.0% $189 / Sq Ft
01/16/2014 01/16/14 Pending -- -- --
01/06/2014 01/06/14 Price Changed $265,000 -3.6% $189 / Sq Ft
10/14/2013 10/14/13 For Sale $275,000 -- $197 / 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 $6,538 $144,942 -- $144,942
2024 $6,538 $450,500 -- $450,500
2023 $6,381 $450,500 $0 $450,500
2022 $5,565 $357,000 $0 $357,000
2021 $4,809 $280,000 $0 $280,000
2020 $5,050 $280,000 $0 $280,000
2019 $5,076 $280,000 $0 $280,000
2018 $4,937 $280,000 $0 $0
2017 $4,145 $263,750 $0 $0
2016 $3,759 $223,500 $0 $0
2015 $3,106 $194,400 $0 $0
2014 $3,106 $194,401 $0 $0
2013 $2,696 $161,572 $34,648 $126,924
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3985964

Stellar MLS

APN: 79145-0000-9