NOT LISTED FOR SALE

Estimated Value: $279,000 - $324,000

2 Beds
2 Baths
1,276 Sq Ft
$1,367/mo HOA Fee

Last Sold February 25, 2020

Last sale price $185,000 $145 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $3,442/month

16 Days on Market

Highlights

  • Waterfront Community
  • Private Beach
  • Gated Community
  • Water access To Gulf or Ocean
  • Fitness Center
  • Florida Architecture

About This Home

As of February 2020

This exquisitely decorated condo is the perfect vacation home. Two bedroom, two bath with upgraded appliances, authentic Tommy Bahama furniture, and a view that is second to none. This particular condo is close to boat dockage, which makes it ideal for boating enthusiasts. Located just steps from a large pool with pavilion, tennis courts and an on-site tennis pro, your time here at Palm Island Resort will be both restorative and serene. You are going to love living here.

Last Agent to Sell the Property

Penny Hazen

PALM ISLAND PROPERTIES INC License #407634 Listed on: 12/12/2019

Last Buyer's Agent

Deena Wolley

PARADISE EXCLUSIVE INC License #3263894

PARADISE EXCLUSIVE INC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,940

Year Built

  • Built in 2002

Lot Details

  • The property's road front is unimproved
  • Property fronts a private road
  • Private Beach
  • End Unit
  • East Facing Home

HOA Fees

  • $1,367 Monthly HOA Fees

Parking

  • Golf Cart Garage

Home Design

  • Florida Architecture
  • Key West Architecture
  • Elevated Home
  • Wood Frame Construction
  • Metal Roof
  • Vinyl Siding
  • Pile Dwellings

Interior Spaces

  • 1,276 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Water access To Gulf or Ocean
  • First Come-First Served Dock
  • Covered Patio or Porch
  • Outdoor Storage

Schools

  • Vineland Elementary School
  • L.A. Ainger Middle School
  • Lemon Bay High School

Utilities

  • Central Air
  • Heating Available
  • Underground Utilities

Listing and Financial Details

Community Details

Overview

  • Association fees include common area taxes, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, private road, security, sewer, trash
  • Palm Island Bay Villas Community
  • Palm Island Bay Villas Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions, allowable golf cart usage in the community, vehicle restrictions
  • Rental Restrictions

Recreation

  • Waterfront Community
  • Tennis Courts
  • Community Playground
  • Fitness Center
  • Community Pool

Pet Policy

  • Pets up to 35 lbs
  • 2 Pets Allowed

Security

  • Security Service
  • Gated Community

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,940

Year Built

Built in 2002

Lot Details

0

HOA Fees

$1,367 per month

Listing Details

  • HOA Fee Includes: Common Area Taxes, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Private Road, Security, Sewer, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Elevated, Florida, Key West
  • Construction Materials: Vinyl Siding, Wood Frame
  • Fireplace: No
  • Living Area: 1276
  • New Construction: No
  • Year Built: 2002
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/D6109991?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/D6109991?w=Customer
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 2
  • Unit Number Y N: No
  • Other Fees Amount: 1200
  • Property Description: Elevated, End Unit
  • Ratio: Close Price\List Price: 0.80786
  • Price per Sq Ft: 144.98
  • Close to Original List Price Ratio: 0.80786
  • View: No
  • Ownership: Condominium
  • Tax Year: 2018
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s)
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 1
  • Room Count: 5
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: East
  • Other Structures: Storage
  • Exterior Features: Storage
  • Roof: Metal
  • Pool Private: No
  • Road Frontage Type: Private Road
  • Water Body Name: Gulf Of Mexico
  • Waterfront: No
  • Patio and Porch Features: Covered, Screened
  • Road Surface Type: Unimproved
  • Water Access: Beach - Private, Gulf/Ocean
  • Water Extras: Dock - Slip 1st Come
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Disclosures: Condominium Disclosure Available

Garage/Parking

  • Carport Y N: No
  • Garage Yn: No
  • Parking Features: Golf Cart Garage
  • Open Parking: No

Utilities

  • Utilities: Public, Underground Utilities
  • Cooling: Central Air
  • Heating: Electric
  • Laundry Features: Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness, Gated Community, Golf Carts OK, Playground, Pool, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Fitness Center, Gated, Maintenance, Playground, Pool, Security, Tennis Court(s), Vehicle Restrictions
  • Association: No
  • Senior Community: No
  • Condo Fees: 3800
  • Condo Fees Term: Quarterly
  • Other Fees Term: Annual
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 1267
  • Association Approval Required YN: No

Fee Information

  • Total Annual Fees: 16400
  • Total Monthly Fees: 1366.67

Schools

  • Elementary School: Vineland Elementary
  • High School: Lemon Bay High
  • Middle Or Junior School: L.A. Ainger Middle

Lot Info

  • Zoning: PD
  • Parcel Number: 412020777010
  • Additional Parcels: No
  • Flood Zone Code: VE
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 35
  • Minimum Lease: 1-7 Days
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Property must be leased through Palm Island Resort.

Tax Info

  • Tax Annual Amount: 3940.35
  • Tax Book Number: 1955-1810
  • Tax Lot: 5213

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 12, 2019
Closed on
Feb 25, 2020
Sold by
Jones Alan and Jones Alan E
Bought by
Jacobs Linda S
Seller's Agent
Penny Hazen
PALM ISLAND PROPERTIES INC
Buyer's Agent
Deena Wolley
PARADISE EXCLUSIVE INC
List Price
$229,000
Sold Price
$185,000
Premium/Discount to List
-$44,000
-19.21%
Current Estimated Value
$299,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$114,967
Avg. Annual Appreciation
8.90%

Purchase Details

Closed on
Jul 18, 2005
Sold by
Hollfelder Mark T and Hollfelder Catheryn C
Bought by
Jones Alan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.59%
Mortgage Type
Credit Line Revolving
Source: Public Records

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
Jacobs Linda S $185,000 Attorney
Jones Alan $635,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Jones Alan $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2020 02/25/20 Sold $185,000 -19.2% $145 / Sq Ft
12/28/2019 12/28/19 Pending -- -- --
12/12/2019 12/12/19 For Sale $229,000 -- $179 / 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
2023 $5,961 $236,226 $0 $0
2022 $5,237 $302,603 $0 $302,603
2021 $4,446 $195,228 $0 $195,228
2020 $4,156 $177,874 $0 $177,874
2019 $4,034 $169,198 $0 $169,198
2018 $3,940 $171,367 $0 $171,367
2017 $4,015 $186,551 $0 $0
2016 $5,005 $232,647 $0 $0
2015 $4,563 $211,497 $0 $0
2014 -- $212,199 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: D6109991

Stellar MLS

APN: 412020777010