NOT LISTED FOR SALE

681 Old Compass Rd Longboat Key, FL 34228

Estimated Value: $1,577,000 - $2,825,581

3 Beds
2 Baths
1,705 Sq Ft
$1,259/Sq Ft Est. Value

Last Sold February 07, 2020

Last sale price $800,000 $469 Per Sq Ft

Est. 168% increase in value since last sale

Current estimated payment $14,570/month

18 Days on Market

Highlights

  • 114 Feet of Waterfront
  • Water access To Gulf or Ocean To Bay
  • Canal View
  • Anna Maria Elementary School Rated A-
  • In Ground Pool
  • Property is near public transit

About This Home

As of February 2020

BOATERS PARADISE FOUND 114’ of waterfront with an 80’ deep water composite dock and no bridges to the bay and ICW. The value is in the land and the home is being sold AS IS and could be a fixer upper or tear down to build that waterfront home you have always dreamed of. Emerald Harbor is located midway on the island of Longboat Key just off the city of Sarasota and because of its waterfront desirability it is currently going through a transformation with the older homes being replaced or remodeled with multi-million-dollar homes. It is known for some of the widest and deepest canals on the island and has private beach access directly across the street to make it easy for watching the amazing sunsets, walking the 10 miles of a sugar sandy beach, or swimming the warm turquoise Gulf of Mexico waters. Location, location, location you are in close proximity to the Longboat Key Club Resort with its 45 holes of championship golf, nationally known tennis gardens, restaurants, and social activities. Just a short drive away to the world class shopping on St Armands Circle and the cultural amenities of downtown Sarasota while relishing the peacefulness of the quiet natural beauty of the neighborhood.

Last Agent to Sell the Property

Linda Weber

COLDWELL BANKER REALTY License #0590601 Listed on: 12/29/2019

COLDWELL BANKER REALTY

Last Buyer's Agent

Michael Nink, PA

MICHAEL SAUNDERS & COMPANY License #0381792

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,353

Year Built

  • Built in 1971

Lot Details

  • 0.36 Acre Lot
  • Lot Dimensions are 85x156x114x156
  • 114 Feet of Waterfront
  • Property fronts a saltwater canal
  • Street terminates at a dead end
  • Southwest Facing Home
  • Mature Landscaping
  • Well Sprinkler System
  • Property is zoned R4SF

HOA Fees

  • $42 Monthly HOA Fees

Parking

  • 2 Car Attached Garage
  • Driveway

Home Design

  • Bungalow
  • Fixer Upper
  • Slab Foundation
  • Shingle Roof
  • Block Exterior

Interior Spaces

  • 1,705 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Combination Dining and Living Room
  • Canal Views
  • Hurricane or Storm Shutters

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Slate Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Water access To Gulf or Ocean To Bay
  • Access To Intracoastal Waterway
  • Deeded access to the beach
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Seawall
  • Dock made with Composite Material
  • Screened Patio
  • Rain Gutters
  • Front Porch

Location

  • Flood Zone Lot
  • Property is near public transit

Utilities

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

Community Details

  • Susan Mcveigh Association, Phone Number (610) 999-9078
  • Emerald Harbor Community
  • Emerald Harbor Unit 2 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,353

Year Built

Built in 1971

Lot Details

0

HOA Fees

$42 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Condition: Fixer
  • Property Sub Type: Single Family Residence
  • Architectural Style: Bungalow
  • Construction Materials: Block
  • Fireplace: No
  • Living Area: 1705
  • Lot Size Acres: 0.36
  • New Construction: No
  • Year Built: 1971
  • Building Area Total: 2693
  • Lot Size Sq Ft: 15469
  • Directions to Property: Mid island on GMD, turn east into Emerald Harbor neighborhood, first left, then first right. House on left.
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4454691?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/A4454691?w=Customer
  • Homestead Y N: Yes
  • Total Acreage: 1/4 to less than 1/2
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Call Center Phone Number: 800-746-9464
  • Ratio: Close Price\List Price: 0.94229
  • Price per Sq Ft: 469.21
  • Close to Original List Price Ratio: 0.94229
  • Ratio: Current Price\Building Area Total: 297.07
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Slate
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Living Room/Dining Room Combo
  • Appliances Included: Dishwasher, Disposal, Electric Water Heater, Range, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Levels: One
  • Stories: 1
  • Window Features: Shutters
  • Street Number Modifier: 681
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southwest
  • Pool Features: In Ground
  • Exterior Features: Hurricane Shutters, Irrigation System, Rain Gutters, Sliding Doors
  • Roof: Shingle
  • Pool Private: Yes
  • Road Frontage Type: Street Dead-End
  • View: Water
  • Waterfront: Yes
  • Patio and Porch Features: Front Porch, Rear Porch, Screened
  • Water View: Canal
  • Water Access: Bay/Harbor, Beach - Access Deeded, Canal - Saltwater, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Bridges - No Fixed Bridges, Dock - Composite, Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Waterfront Frontage: 114
  • Additional Water Information: Deep water canal, short distance to ICW and open bay
  • Water Frontage Feet Canal Salt: 114
  • Disclosures: Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: Cable Connected, Electricity Connected, Public, Sprinkler Well
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Water Source: Public, Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Waterfront
  • Association Fee: 500
  • Association Fee Frequency: Annually
  • Association Name: Susan McVeigh
  • Phone: 610-999-9078
  • Association: Yes
  • Senior Community: No
  • Association Fee Requirement: Required
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 500
  • Monthly HOA Fee: 41.67
  • Total Monthly Fees: 41.67

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7887300007
  • Additional Parcels: No
  • Lot Features: FloodZone, Near Public Transit
  • Lot Dimensions: 85x156x114x156
  • Property Attached Yn: No
  • Flood Zone Code: AE
  • ResoLotSizeUnits: SquareFeet

Green Features

  • Green Verification Count: 1

Rental Info

  • Furnished: Negotiable
  • Pets Allowed: Yes
  • Minimum Lease: 1 Month
  • Lease Restrictions Y N: No

Tax Info

  • Tax Annual Amount: 9353.21
  • Tax Book Number: 12-41
  • Tax Lot: 69

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2019
Closed on
Feb 7, 2020
Sold by
Martindell Joseph and Martindell Joseph E
Bought by
Connelly Brian I and Connelly Maureen J
Seller's Agent
Linda Weber
COLDWELL BANKER REALTY
Buyer's Agent
Michael Nink, PA
MICHAEL SAUNDERS & COMPANY
List Price
$849,000
Sold Price
$800,000
Premium/Discount to List
-$49,000
-5.77%
Current Estimated Value
$2,146,645

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,346,645
Avg. Annual Appreciation
19.35%

Purchase Details

Closed on
Apr 13, 2004
Sold by
Brecka William C and Brecka Monica A
Bought by
Martindell Joseph

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$556,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 29, 2001
Sold by
Heck Fritz J and Heck Carmen M
Bought by
Brecka William C and Brecka Monica A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.16%
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
Connelly Brian I $800,000 Msc Title Inc
Martindell Joseph $695,000 --
Brecka William C $585,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martindell Joseph $417,000
Previous Owner Martindell Joseph E $791,000
Previous Owner Martindell Joseph $556,000
Previous Owner Brecka William C $85,000
Previous Owner Brecka William C $475,000
Previous Owner Brecka William C $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/07/2020 02/07/20 Sold $800,000 -5.8% $469 / Sq Ft
01/13/2020 01/13/20 Pending -- -- --
12/26/2019 12/26/19 For Sale $849,000 -- $498 / 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 $35,065 $2,156,987 $616,250 $1,540,737
2024 $35,065 $2,310,870 $616,250 $1,694,620
2023 $35,071 $2,305,536 $616,250 $1,689,286
2022 $8,276 $497,070 $485,000 $12,070
2021 $7,576 $451,600 $440,000 $11,600
2020 $9,578 $590,383 $0 $0
2019 $9,415 $577,109 $0 $0
2018 $9,353 $566,348 $0 $0
2017 $8,370 $554,699 $0 $0
2016 $8,371 $543,290 $0 $0
2015 $8,329 $539,513 $0 $0
2014 $8,329 $535,231 $0 $0
2013 $8,154 $527,321 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4454691

Stellar MLS

APN: 78873-0000-7