NOT LISTED FOR SALE

720 Penfield St Longboat Key, FL 34228

Estimated Value: $1,789,000 - $2,648,174

3 Beds
3.5 Baths
3,405 Sq Ft
$619/Sq Ft Est. Value

Last Sold September 25, 2018

Last sale price $784,000 $230 Per Sq Ft

Est. 169% increase in value since last sale

Current estimated payment $12,424/month

289 Days on Market

Highlights

  • 100 Feet of Waterfront
  • Boat Ramp
  • Canal View
  • Anna Maria Elementary School Rated A-
  • Heated Pool
  • Balcony

About This Home

As of September 2018

Located on a canal three properties in from beautiful Sarasota Bay and the Intracoastal waterway, this wonderful three bedroom home offers relaxing Florida living in an elegant home plus water amenities that include a ramp for a kayak launch, boat dock and a floating jet ski dock. The dramatic entrance features a three story foyer with soaring ceilings. The Great room and main living area has a fireplace plus built-ins and adjoins the gourmet kitchen and the open space includes the dining area. The floor to ceiling windows create a wonderful bright, open living space. The kitchen features stainless steel appliances and a breakfast bar. The private master suite on the main living area has French doors that open to a balcony overlooking the caged pool. There is also an inviting electric fireplace plus an elegant bathroom. Two spacious guest suites are on the second level and have private balconies to enjoy the views. A stairway leads to the rooftop terrace that has outstanding vistas in every direction. There is a wonderful pool area and the outdoor space is inviting for family members and entertaining. There is also a three car garage. Beach access is nearby for enjoying the Gulf of Mexico azure waters and wonderful beach. Shopping and fine dining are minutes away.

Last Agent to Sell the Property

Reid Murphy

DEVELOPERS REALTY LBK, INC License #0613756 Listed on: 10/27/2017

Last Buyer's Agent

Sherri Mills

MICHAEL SAUNDERS & COMPANY License #3042812

MICHAEL SAUNDERS & COMPANY

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,027

Year Built

  • Built in 1996

Lot Details

  • 10,387 Sq Ft Lot
  • 100 Feet of Waterfront
  • Property fronts a saltwater canal
  • Property is zoned R4SF

HOA Fees

  • $4 Monthly HOA Fees

Parking

  • 3 Car Garage
  • Garage Door Opener
  • Driveway
  • Open Parking

Home Design

  • Slab Foundation
  • Shingle Roof
  • Stucco

Interior Spaces

  • 3,405 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • French Doors
  • Carpet
  • Canal Views
  • Dryer

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms

Outdoor Features

  • Heated Pool
  • No Fixed Bridges
  • Access to Saltwater Canal
  • Boat Ramp
  • Dock made with Composite Material
  • Balcony

Utilities

  • Central Heating and Cooling System

Community Details

  • Sleepy Lagoon Community
  • Sleepy Lagoon Park 3 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,027

Year Built

Built in 1996

Lot Details

0

HOA Fees

$4 per month

Parking

3

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Construction Materials: Stucco
  • Fireplace: Yes
  • Living Area: 3405
  • Lot Size Acres: 0.24
  • New Construction: No
  • Year Built: 1996
  • Building Area Total: 6233
  • Lot Size Sq Ft: 10387
  • Directions to Property: Gulf of Mexico North.Turn on general Harris, go three streets turn left on Penfield.
  • Status: Sold
  • Street Direction: E
  • Street Post Direction: E
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4199860&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4199860&cview=true&show_results=true&customer_portal=true
  • Floor Number: 2
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Ratio: Close Price\List Price: 0.92344
  • Price per Sq Ft: 230.25
  • Close to Original List Price Ratio: 0.71729
  • Ratio: Current Price\Building Area Total: 125.78
  • View: Yes
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet
  • Full Bathrooms: 3
  • Half Bathrooms: 1
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Dishwasher, Disposal, Dryer, Refrigerator
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Window Features: Blinds
  • Street Number Modifier: 720
  • Room Count: 6
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Pool Features: Heated
  • Exterior Features: Balcony, French Doors
  • Roof: Shingle
  • Pool Private: Yes
  • View: Water
  • Waterfront: Yes
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water Extras: Boat Ramp - Private, Bridges - No Fixed Bridges, Dock - Composite
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12081C0291E
  • Waterfront Frontage: 100
  • Water Frontage Feet Canal Salt: 100

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 3
  • Garage Yn: Yes
  • Parking Features: Driveway, Garage Door Opener
  • Covered Parking Spaces: 3
  • Open Parking: Yes

Utilities

  • Cooling: Central Air
  • Heating: Central
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association Fee: 50
  • Association Fee Frequency: Annually
  • Association: No
  • Senior Community: No
  • Association Fee Requirement: Optional
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 50
  • Monthly HOA Fee: 4.17
  • Total Monthly Fees: 4.17

Lot Info

  • Zoning: R4SF
  • Parcel Number: 7851700455
  • Additional Parcels: No
  • Millage Rate: 16.22
  • Flood Zone Code: AE
  • Flood Zone Date: 2014-03-17
  • ResoLotSizeUnits: SquareFeet

Rental Info

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

Tax Info

  • Tax Annual Amount: 17027
  • Tax Book Number: 17-22
  • Tax Lot: 8

Multi Family

  • Waterfront Features: Canal - Saltwater

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 27, 2017
Closed on
Sep 21, 2018
Sold by
Platt Michael and Platt Susan
Bought by
Mckishnie Brian M and Mckishnie Amy B
Seller's Agent
Reid Murphy
DEVELOPERS REALTY LBK, INC
Buyer's Agent
Sherri Mills
MICHAEL SAUNDERS & COMPANY
List Price
$1,093,000
Sold Price
$784,000
Premium/Discount to List
-$309,000
-28.27%
Current Estimated Value
$2,107,294

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,323,294
Avg. Annual Appreciation
14.42%

Purchase Details

Closed on
Feb 21, 1996
Sold by
Arnold Chris R and Arnold Catherine A
Bought by
Platt Michael and Platt Susan
Source: Public Records

Range of Values:

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Average Value
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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
Mckishnie Brian M $784,000 Attorney
Platt Michael $385,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Platt Michael $616,000
Previous Owner Meshes Marcia $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/25/2018 09/25/18 Sold $784,000 -7.7% $230 / Sq Ft
08/13/2018 08/13/18 Pending -- -- --
07/20/2018 07/20/18 Price Changed $849,000 -3.0% $249 / Sq Ft
06/08/2018 06/08/18 Price Changed $875,000 -1.1% $257 / Sq Ft
05/02/2018 05/02/18 Price Changed $885,000 -4.3% $260 / Sq Ft
04/13/2018 04/13/18 Price Changed $925,000 -2.1% $272 / Sq Ft
03/26/2018 03/26/18 Price Changed $945,000 -5.0% $278 / Sq Ft
01/02/2018 01/02/18 Price Changed $995,000 -2.0% $292 / Sq Ft
12/20/2017 12/20/17 Price Changed $1,015,000 -1.0% $298 / Sq Ft
12/15/2017 12/15/17 Price Changed $1,025,000 -1.3% $301 / Sq Ft
12/05/2017 12/05/17 Price Changed $1,038,000 -1.0% $305 / Sq Ft
11/27/2017 11/27/17 Price Changed $1,048,000 -4.1% $308 / Sq Ft
10/27/2017 10/27/17 For Sale $1,093,000 -- $321 / 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 $11,252 $775,280 -- --
2024 $11,252 $753,431 -- --
2023 $11,171 $731,486 $0 $0
2022 $10,960 $710,181 $0 $0
2021 $10,652 $689,496 $0 $0
2020 $11,037 $679,976 $0 $0
2019 $10,810 $824,230 $0 $0
2018 $16,586 $963,220 $325,000 $638,220
2017 $17,028 $1,060,677 $0 $0
2016 $16,932 $1,031,801 $0 $0
2015 $10,372 $1,008,456 $0 $0
2014 $10,372 $656,955 $0 $0
2013 $10,155 $647,246 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A4199860

Stellar MLS

APN: 78517-0045-5