NOT LISTED FOR SALE

805 E Gulf Dr, Unit B7 Sanibel, FL 33957

Estimated Value: $276,817 - $345,000

1 Bed
1 Bath
638 Sq Ft
$652/ mo HOA Fee

Last Sold March 24, 2023

Last sale price $280,000 $439 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $2,380/month

40 Days on Market

Highlights

  • Community Beach Access
  • Community Boat Dock
  • Home fronts a canal
  • Sanibel Elementary School Rated A-
  • Outdoor Pool
  • Clubhouse

About This Home

As of March 2023

This is a wonderful opportunity to buy a Gulf side condo on Sanibel at a great price! Located in a Gulf front complex, this condo offers boat dockage, heated pool, on site rental management and is just a few yards from the beach. This second floor unit has tile floors throughout, high impact windows with plantation shutters and comes with a stackable washer and dryer. There was some damage from the storm but all mold remediation has been completed. The walls and ceiling will be replaced by the association allowing a new owner to design an open kitchen and living area. The bath remained undamaged. This is one of the East end’s most popular complexes witha terrific on site manager. Don’t let this one get away!

Last Agent to Sell the Property

Teresa Baker

Royal Shell Real Estate, Inc. License #3162962 Listed on: 01/25/2023

Royal Shell Real Estate, Inc.

Last Buyer's Agent

OTHER OTHER

Other

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,366

Year Built

  • Built in 1971

Lot Details

  • 3,572

HOA Fees

  • $652 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Garden Apartment
  • Stucco

Interior Spaces

  • 638 Sq Ft Home
  • 2-Story Property
  • Ceiling height between 8 to 10 feet
  • Ceiling Fan
  • Single Hung Wood Windows
  • Combination Dining and Living Room
  • Tile Flooring
  • Stacked Washer and Dryer

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Home Security

Outdoor Features

  • Outdoor Pool
  • Docks

Additional Features

  • Central Heating and Cooling System

Listing and Financial Details

  • Assessor Parcel Number 29-46-23-T1-0030B.0070

Community Details

Overview

  • Association fees include cable TV, exterior main/repair, insurance bldg, inter pest control, irrigation, landscape/lawn, legal and accounting, manager, parking, pool service, recreation facilities, sewer, trash, water
  • Sanibel Arms Association, Phone Number (239) 472-2259
  • Sanibel Arms Community

Amenities

  • Community Barbecue Grill
  • Clubhouse
  • Recreation Room
  • Laundry Facilities
  • Community Storage Space

Recreation

  • Community Boat Dock
  • Gulf Boat Access
  • Community Beach Access

Pet Policy

  • Limit on the number of pets

Security

  • High Impact Windows

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,366

Year Built

Built in 1971

Lot Details

3,572 Sq Ft Lot

HOA Fees

$652 per month

Listing Details

  • Class: Condo
  • Property Type: Condo
  • Design: Garden Apartment, Two Story
  • Legal Description: SANIBEL ARMS CONDOMINIUM BLDG B OR 682 PG 691 APT 7
  • Strap Number: 29-46-23-T1-0030B.0070
  • Subject To F I R P T A: No
  • Year Built: 1971
  • Pet Limits: Owner only.
  • Pets: Limits
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Price Per S Q F T: 438.87
  • Appliances: Stack Washer/Dryer
  • Estimated Living Sq Ft: 638
  • Bathrooms: 1
  • Bathrooms Display: 1/0
  • Bedrooms: 1
  • Ceiling: 8 Ft Ceilings
  • Den: No
  • Fireplace: No
  • Flooring: Tile Floor
  • Furnished: No
  • Furnishing: Unfurnished
  • Windows: Impact Resistant Windows, Single Hung

Exterior Features

  • Misc Exterior: Other Add Agt Note
  • Waterfront: Canal Salt
  • Waterfront: Yes
  • Coastal Construction: Not Applicable
  • Ext Fin Trim: Stucco, Trim Stucco
  • Pool: Yes
  • View: Canal

Garage/Parking

  • Parking: Assigned

Utilities

  • Sewer: City
  • Water: City
  • Air Conditioner: Yes
  • Cooling: Ceiling Fan(s), Central Air/Cooling
  • Heating: Central Heat
  • Security: None/Not Applicable

Condo/Co-op/Association

  • Association Fees Disp: Y - $652/M
  • Association Fee: 652
  • Association Fee Period: Monthly
  • Association Right Of Refusal: Yes
  • Association Management: Sanibel Arms
  • Management Company Phone: 239-472-2259
  • Condo Amenities: Boat Docks, Cable, Clubhouse, Community Laundry, Community Room, Deeded Beach Access, Grills, Pool, Rental Office on Site, Separate Storage
  • Condo Name: Sanibel Arms
  • Fees Include: Cable TV, Exterior Main/Repair, Insurance Bldg, Inter Pest Control, Irrigation, Landscape/Lawn, Legal and Accounting, Manager, Parking, Pool Service, Recreation Facilities, Sewer, Trash, Water
  • Govern Bodies: Condo Association
  • HOA: Yes
  • Master Association Disp: $0/
  • Members Right Of Refusal: Yes

Lot Info

  • Geo Update Timestamp: 2023-01-25
  • Geo Address Line: 805 E Gulf Dr
  • Geo Primary City: Sanibel
  • Geo Quality: 0.95
  • Geo Subdivision: FL
  • Geo Zoom Level: 16

Rental Info

  • Rent History: 2021 gross income = $31415.41 2022 income = $23708.32 Management fee = 18% Cleaning fee = 75.00 Linen fee = $25.00. Net Income for 2021 = $23,260.72. Net Income for 2022 = $17,940.82. * See attached rental statements and spreadsheet.
  • Rent Phone: 239-472-2259
  • Rent Type: Weekly

Tax Info

  • Tax Amount: 4366
  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Mar 24, 2023
Sold by
Midland Trust Company
Bought by
Jmjm Florida Investments Llc
Seller's Agent
Teresa Baker
Royal Shell Real Estate, Inc.
Buyer's Agent
OTHER OTHER
Other
List Price
$399,000
Sold Price
$280,000
Premium/Discount to List
-$119,000
-29.82%
Views
245
Current Estimated Value
$315,704

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$35,704
Avg. Annual Appreciation
4.10%

Purchase Details

Listed on
Aug 31, 2020
Closed on
Nov 20, 2020
Sold by
Paez Clara Maria Sosa and Paez Clara Maria
Bought by
Midland Trust Company
Seller's Agent
Lynda Traverso
VIP Realty Sanibel and Captiva
Buyer's Agent
Lynda Traverso
List Price
$3,565,000
Sold Price
$342,500
Premium/Discount to List
-$3,222,500
-90.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-8.35%
Original Mortgage
$167,500
Interest Rate
2.8%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 16, 2015
Closed on
Oct 1, 2015
Sold by
Dechomai Foundation Inc
Bought by
Revocabl Paez Clara Maria Sosa and Clara Maria Sosa Paez Revocable Living T
Seller's Agent
Transfer Listing
Premier Sotheby's Int'l Realty
Buyer's Agent
KURT HARJUNG
Pfeifer Realty Group LLC
List Price
$334,999
Sold Price
$300,000
Premium/Discount to List
-$34,999
-10.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.60%
Original Mortgage
$300,000
Interest Rate
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Jul 16, 2015
Closed on
Aug 25, 2015
Sold by
Stamelos William E
Bought by
Dechomai Foundation Inc
Seller's Agent
Transfer Listing
Premier Sotheby's Int'l Realty
Buyer's Agent
KURT HARJUNG
Pfeifer Realty Group LLC
List Price
$334,999
Sold Price
$300,000
Premium/Discount to List
-$34,999
-10.45%

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
3.97%
Mortgage Type
Future Advance Clause Open End Mortgage
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Jmjm Florida Investments Llc $299,900 Title Insurance
Midland Trust Company $342,500 Attorney
Revocabl Paez Clara Maria Sosa $300,000 Barrier Island Title Service
Dechomai Foundation Inc -- Barrier Island Title Service
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Midland Trust Company $167,500
Previous Owner Revocabl Paez Clara Maria Sosa $300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/24/2023 03/24/23 Sold $280,000 -29.8% $439 / Sq Ft
03/06/2023 03/06/23 Pending -- -- --
01/25/2023 01/25/23 For Sale $399,000 +16.5% $625 / Sq Ft
11/30/2020 11/30/20 Sold $342,500 -90.4% $537 / Sq Ft View Prior Sale
10/31/2020 10/31/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $3,565,000 +1088.3% $5,588 / Sq Ft
10/01/2015 10/01/15 Sold $300,000 -10.4% $470 / Sq Ft View Prior Sale
09/01/2015 09/01/15 Pending -- -- --
07/16/2015 07/16/15 For Sale $334,999 -- $525 / Sq Ft
Source: Sanibel & Captiva Islands Association of REALTORS®

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 $4,547 $331,458 $0 $0
2021 $4,301 $301,325 $0 $301,325
2020 $4,297 $297,160 $0 $297,160
2019 $4,167 $285,855 $0 $285,855
2018 $4,256 $285,855 $0 $285,855
2017 $4,356 $285,855 $0 $285,855
2016 $4,148 $267,330 $0 $267,330
2015 $3,671 $257,300 $0 $257,300
2014 $3,282 $221,700 $0 $221,700
2013 -- $192,500 $0 $192,500
Source: Public Records

Agents Affiliated with this Home

  • Teresa Baker

    Seller's Agent in 2023

    Teresa Baker

    Royal Shell Real Estate, Inc.

    (239) 233-6364

    100 in this area

    112 Total Sales

    Teresa Baker
    Section Image

  • O

    Buyer's Agent in 2023

    OTHER OTHER

    Other

  • L

    Seller's Agent in 2020

    Lynda Traverso

    VIP Realty Sanibel and Captiva

    Section Image

  • T

    Seller's Agent in 2015

    Transfer Listing

    Premier Sotheby's Int'l Realty

  • K

    Buyer's Agent in 2015

    KURT HARJUNG

    Pfeifer Realty Group LLC

See All Agents

About This Building

Map

Source: Sanibel & Captiva Islands Association of REALTORS®

MLS Number: 2230123

Sanibel & Captiva Islands Association of REALTORS®

APN: 29-46-23-T1-0030B.0070

Florida Lee County Sanibel 33957

805 E Gulf Dr Unit B7, Sanibel, FL

Not Listed for Sale

Condos

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