NOT LISTED FOR SALE

Estimated Value: $332,647 - $364,000

1 Bed
1 Bath
680 Sq Ft
$642/ mo HOA Fee

Last Sold January 31, 2024

Last sale price $399,000 $587 Per Sq Ft

Est. 13% decrease in value since last sale

Current estimated payment $2,536/month

64 Days on Market

Highlights

  • Community Beach Access
  • Boat Ramp
  • Concrete Pool
  • Sanibel Elementary School Rated A-
  • Property fronts gulf or ocean
  • Canal Access

About This Home

As of January 2024

The one that checks all the boxes! This is your rare opportunity to capture a "BRAND NEW" 1 bedroom 1 bathroom beachside condo in one of the islands highest regarded and absolute best all around communities, Sanibel Arms. The community and unit build back are well underway and once complete will be the envy of the East End and a top producing income generator on Sanibel. FULL INTERIOR top to bottom remodel will be completed by the HOA, with time to still select your finishes! E3 offers an open, spacious, easy-living floorplan without sacrificing function or any of the creature comforts you deserve and your repeat guests will desire. The white sand and shell laden beach as well as the large heated community pool are each right outside your front door! The community boat docks allow for quick boat trips to the Gulf or up the Intracoastal. Picnic areas w/ gas grills, a club room, private storage, a desirable East end location with easy on/off island access, onsite bike rental service with close proximity to all of the island landmarks and best restaurants, and a premier rental program w/ a low 18% split to onsite management ensures premier ROI for owners and peak enjoyment for guests.

Last Agent to Sell the Property

Evan duPont

Michael Saunders & Company License #280596826 Listed on: 11/27/2023

Michael Saunders & Company

Last Buyer's Agent

Evan duPont

Michael Saunders & Company License #280596826 Listed on: 11/27/2023

Michael Saunders & Company

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,052

Year Built

  • Built in 1971

Lot Details

  • East Facing Home
  • Zero Lot Line

HOA Fees

  • $642 Monthly HOA Fees

Property Views

Home Design

  • Garden Home
  • Entry on the 1st floor
  • Flat Roof Shape
  • Built-Up Roof
  • Metal Roof
  • Stone Siding
  • Stucco

Interior Spaces

  • 680 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Combination Dining and Living Room
  • Tile Flooring

Kitchen

  • Eat-In Kitchen
  • Breakfast Bar
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Main Floor Bedroom
  • 1 Full Bathroom
  • Bathtub with Shower
  • Shower Only
  • Separate Shower

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • Common or Shared Parking
  • Driveway
  • Guest Parking
  • Golf Cart Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Canal Access
  • Courtyard

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Legal Lot and Block 3 / 30E
  • Assessor Parcel Number 29-46-23-T1-0030E.0030

Community Details

Overview

  • Association fees include management, irrigation water, legal/accounting, ground maintenance, pest control, recreation facilities, road maintenance, sewer, trash, water
  • 64 Units
  • Association Phone (239) 472-2259
  • Sanibel Arms Subdivision

Amenities

  • Community Barbecue Grill
  • Picnic Area
  • Clubhouse
  • Business Center
  • Bike Room
  • Community Storage Space

Recreation

  • Boat Ramp
  • Community Boat Dock
  • Community Beach Access

Pet Policy

  • Pets allowed on a case-by-case basis

Security

  • Impact Glass
  • High Impact Door
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,052

Year Built

Built in 1971

Lot Details

5,040 Sq Ft Lot

HOA Fees

$642 per month

Listing Details

  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Lot Size Acres: 0.1157
  • Ownership: Condo
  • Subdivision Name: SANIBEL ARMS
  • Directions: Drive over Sanibel Causeway and continue straight to the Periwinkle/Lindgren 4-way stop intersection. Continue Straight to E Gulf Dr then take a left. Sanibel Arms will be just up E Gulf on your right hand side.
  • Architectural Style: Garden Home, Two Story, Low Rise
  • Carport Y N: No
  • Entry Level: 1
  • Garage Yn: No
  • Unit Levels: Two
  • Building Stories: 2
  • Structure Type: Low Rise
  • Year Built: 1971
  • ResoBuildingAreaSource: Builder
  • Property Sub Type Additional: Condominium
  • Special Features: None
  • Stories: 2

Interior Features

  • Furnished: Unfurnished
  • Private Spa: No
  • Appliances: Dryer, Dishwasher, Freezer, Disposal, Microwave, Range, Refrigerator, Washer
  • Full Bathrooms: 1
  • Total Bedrooms: 1
  • Flooring: Other, Tile
  • Interior Amenities: Breakfast Bar, Bedroom on Main Level, Eat-in Kitchen, Living/Dining Room, Pantry, See Remarks, Shower Only, Separate Shower, Tub Shower, Cable TV, High Speed Internet
  • Living Area: 680.0
  • Stories: 2
  • Window Features: Impact Glass
  • ResoLivingAreaSource: Builder

Exterior Features

  • Lot Features: Zero Lot Line
  • Pool Features: Concrete, Electric Heat, Heated, In Ground, Community
  • Pool Private: Yes
  • View: Gulf, Landscaped, Pool, Partial
  • View: Yes
  • Waterfront Features: Canal Access, Gulf
  • Waterfront: Yes
  • Disclosures: Disclosure on File, Seller Disclosure, Special Assessment
  • Construction Type: Block, Other, Concrete, Stone, Stucco
  • Direction Faces: East
  • Exterior Features: Courtyard, Security/High Impact Doors
  • Property Condition: KnownDamage
  • Roof: Built-Up, Flat, Metal

Garage/Parking

  • Parking Features: Common, Driveway, Golf Cart Garage, Guest, Paved, Two Spaces

Utilities

  • Laundry Features: Inside
  • Security: None, Smoke Detector(s)
  • Cooling: Central Air, Ceiling Fan(s), Electric
  • Cooling Y N: Yes
  • Heating: Central, Electric
  • Heating Yn: Yes
  • Sewer: Public Sewer
  • Utilities: Underground Utilities
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Condo Hotel Community, Near Hotel/Motel, Non-Gated
  • Amenities: Beach Rights, Boat Dock, Boat Ramp, Bike Storage, Business Center, Clubhouse, Barbecue, Picnic Area, Pool, Storage
  • Association #2 Fee: 642.0
  • Association #2 Fee Frequency: Monthly
  • Phone: 239-472-2259
  • Association: Yes
  • Pets Allowed: Call, Conditional
  • Common Interest: Condominium

Fee Information

  • Association Fee Includes: Association Management, Irrigation Water, Legal/Accounting, Maintenance Grounds, Pest Control, Recreation Facilities, Road Maintenance, Sewer, Trash, Water

Lot Info

  • Parcel #: 29-46-23-T1-0030E.0030
  • ResoLotSizeUnits: Acres

Multi Family

  • Number Of Units In Community: 64

Tax Info

  • Tax Annual Amount: 4051.6
  • Tax Block: 30E
  • Tax Lot: 3
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 27, 2023
Closed on
Jan 31, 2024
Sold by
Oswald C Gerdes Trust
Bought by
Nepjuk Timothy M and Nepjuk Jennifer R
Seller's Agent
Evan duPont
Michael Saunders & Company
Buyer's Agent
Evan duPont
Michael Saunders & Company
List Price
$439,000
Sold Price
$399,000
Premium/Discount to List
-$40,000
-9.11%
Views
37
Current Estimated Value
$347,412

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,588
Avg. Annual Appreciation
-6.29%
Source: Public Records
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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
Nepjuk Timothy M $399,000 None Listed On Document
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/31/2024 01/31/24 Sold $399,000 -5.0% $587 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/09/2024 01/09/24 Price Changed $419,900 -4.4% $618 / Sq Ft
11/27/2023 11/27/23 For Sale $439,000 -- $646 / Sq Ft
Source: Florida Gulf Coast Multiple Listing Service

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 $1,028 $71,433 -- $71,433
2024 $2,098 $71,433 -- $71,433
2023 $2,098 $144,798 $0 $144,798
2022 $4,052 $295,184 $0 $0
2021 $3,832 $268,349 $0 $268,349
2020 $3,832 $264,860 $0 $264,860
2019 $3,710 $254,363 $0 $254,363
2018 $3,789 $254,363 $0 $254,363
2017 $3,878 $254,363 $0 $254,363
2016 $3,672 $240,094 $0 $240,094
2015 $3,542 $233,800 $0 $233,800
2014 -- $202,900 $0 $202,900
2013 -- $175,500 $0 $175,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Gulf Coast Multiple Listing Service

MLS Number: 223087746

Florida Gulf Coast Multiple Listing Service

APN: 29-46-23-T1-0030E.0030

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