NOT LISTED FOR SALE

6396 Midnight Cove Rd Unit 922 Sarasota, FL 34242

Estimated Value: $784,180 - $978,000

2 Beds
2 Baths
1,472 Sq Ft
$710/mo HOA Fee

Last Sold June 11, 2018

Last sale price $585,000 $397 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $6,249/month

48 Days on Market

Highlights

  • 100 Feet of Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Phillippi Shores Elementary School Rated A
  • Boat Dock
  • Private Beach

About This Home

As of June 2018

SPECTACULAR BAY VIEWS! Spacious two bedrooms, two baths, laundry in residence. 25 ft. glassed-in lanai with views of the Intercostal Waterway. This is a special building with elevators, storage room, carport, guest parking and more. Private beach access complete with complimentary lounge chairs, umbrellas, heated pool and restrooms on the FAMOUS WHITE SAND BEACH! Tennis Courts, fitness room, 2 heated pools, boat docks and more. Features include remodeled Kitchen, New Stainless Steel Appliances 2016 and Master Suite features bay views, walk-in closet, spacious updated bath with twin vanities and walk-in shower. Additional storage room. Elevator! PET FRIENDLY! Gated community. On site rental Management. Over $40K in rental revenue for 2017. Close to Siesta Key South Village and Siesta Village for shopping, fine dining, Jet Ski rentals, nightclubs and more. Siesta Key Trolley just steps from your front door. A short drive to all the Cultural Activities

Last Listed By

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 01/05/2018

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,122

Year Built

  • Built in 1979

Lot Details

  • 100 Feet of Waterfront
  • Property fronts an intracoastal waterway
  • Private Beach
  • Public Beach
  • Northeast Facing Home
  • Mature Landscaping
  • Metered Sprinkler System

HOA Fees

  • $710 Monthly HOA Fees

Parking

  • 1 Carport Space

Property Views

  • White Water Ocean
  • Intracoastal

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Built-Up Roof
  • Block Exterior

Interior Spaces

  • 1,472 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Great Room
  • Combination Dining and Living Room
  • Inside Utility

Kitchen

  • Range with Range Hood
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Pool

  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • Access to Saltwater Canal
  • First Come-First Served Dock
  • Deck
  • Screened Patio
  • Breezeway
  • Outdoor Grill
  • Porch

Location

  • Property is near public transit

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, internet, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • Midnight Cove 941 349 3004 Association
  • Mid-Rise Condominium
  • Midnight Cove Bayside Community
  • Midnight Cove Bayside Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Community Storage Space
  • Elevator

Recreation

  • Boat Dock
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 100 lbs
  • 2 Pets Allowed

Security

  • Gated Community
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,122

Year Built

Built in 1979

Lot Details

0

HOA Fees

$710 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1472
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1678
  • Directions to Property: Stickney Point Rd to north on Midnight Pass Rd to second complex on east side, turn east and follow road to dead-end; building on the bay. Condo on second floor.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4205955&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4205955&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Number Of Pets: 2
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.936
  • Price per Sq Ft: 397.42
  • Close to Original List Price Ratio: 0.92126
  • Ratio: Current Price\Building Area Total: 348.63
  • View: Yes
  • Co List Office Mls Id: 281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Elevator, Living Room/Dining Room Combo, Open Floorplan, Split Bedroom, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave Hood, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 6396
  • Room Count: 8
  • Additional Rooms: Breezeway, Great Room, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northeast
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated
  • Exterior Features: Irrigation System, Outdoor Grill, Outdoor Shower, Sliding Doors, Sprinkler Metered, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • View: Water
  • Water Body Name: Intracoastal Waterway
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded, Beach - Private, Beach - Public, Canal - Saltwater, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Fishing Pier
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0143F
  • Waterfront Frontage: 100
  • Water Frontage Feet I C W: 100
  • Additional Water Information: Deeded Beach Access
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Covered
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fitness, Gated Community, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Boat Dock, Elevator(s), Fitness Center, Gated, Laundry, Maintenance, Recreation Facilities, Storage, Tennis Court(s)
  • Association Fee Frequency: Monthly
  • Association Name: Midnight Cove 941-349-3004
  • Association: Yes
  • Security: Gated Community, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 710
  • Condo Fees Term: Monthly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 710
  • Amenities Additional Fees: Beach Access, Pool, Beach Chairs and Restrooms available on Gulf of Mexico
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 8520
  • Total Monthly Fees: 710

Lot Info

  • Parcel Number: 0108013053
  • Additional Parcels: No
  • Lot Features: In County, Near Public Transit
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Extra Large (101+ Lbs.)
  • Max Pet Weight: 100
  • Minimum Lease: 1 Week
  • Approval Process: Please see Association Documents for Restrictions/Guidelines
  • Num Timesper Year: 52
  • Pet Restrictions: 2 pets
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see Association Documents for Restrictions/Guidelines

Tax Info

  • Tax Annual Amount: 6122
  • Tax Book Number: 10-40
  • Tax Lot: 922

Multi Family

  • Waterfront Features: Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 5, 2018
Closed on
Jun 11, 2018
Sold by
Real Estate Llc
Bought by
Jll Leisure Properties Llc
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Gary Dale
BRIGHT REALTY
List Price
$635,000
Sold Price
$585,000
Premium/Discount to List
-$50,000
-7.87%
Total Days on Market
48
Current Estimated Value
$859,045

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$274,045
Avg. Annual Appreciation
6.28%

Purchase Details

Closed on
Jan 23, 2015
Sold by
Root Douglas J and Root Robin B
Bought by
Gkbe Real Estate Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$364,000
Interest Rate
4.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 6, 2010
Sold by
King David H and Davis Karen
Bought by
Root Douglas J and Root Robin B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2001
Sold by
King Joanne M and King David H
Bought by
King David H

Purchase Details

Closed on
Aug 30, 1993
Sold by
Medalis William and Medalis Doreen
Bought by
King David H and King Joanne M

Range of Values:

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Average Value
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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
Jll Leisure Properties Llc $585,000 Attorney
Gkbe Real Estate Llc $520,000 Attorney
Root Douglas J $375,000 Attorney
King David H -- --
King David H $165,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gkbe Real Estate Llc $364,000
Previous Owner Root Douglas J $314,500
Previous Owner Root Douglas J $300,000
Previous Owner Root Douglas J $300,000
Previous Owner King David H $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/11/2018 06/11/18 Sold $585,000 -6.4% $397 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/12/2018 02/12/18 Price Changed $625,000 -1.6% $425 / Sq Ft
01/05/2018 01/05/18 For Sale $635,000 -- $431 / 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 $8,764 $685,300 -- $685,300
2023 $8,764 $755,100 $0 $755,100
2022 $8,027 $682,900 $0 $682,900
2021 $7,061 $541,000 $0 $541,000
2020 $6,848 $513,100 $0 $513,100
2019 $6,382 $480,000 $0 $480,000
2018 $6,024 $452,000 $0 $452,000
2017 $6,122 $451,900 $0 $451,900
2016 $6,242 $451,800 $0 $451,800
2015 $5,612 $396,700 $0 $396,700
2014 $5,163 $319,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4205955

Stellar MLS

APN: 0108-01-3053