NOT LISTED FOR SALE

873 1st St Cedar Key, FL 32625

Estimated Value: $2,969,365

7 Beds
5 Baths
10,530 Sq Ft
$282/Sq Ft Est. Value

Sale Details

Date Sold: December 28, 2012

Last sale price $500,000 $47 Per Sq Ft

Est. 494% increase in value since last sale

Current estimated payment $19,007 / mo

557 Days on Market

About This Home

As of December 2012

Motel in picture perfect location in down town Cedar key right on the Gulf of Mexico. Beautiful view from nearly every room or from pool side. motel nees some updates but is nearly a turn key operation. Office has 1 br apartment above or mobile home with 2 br's for office personnel or owner living space. Bank owned property make offer.

Last Agent to Sell the Property

Brad Smith

UNITED COUNTRY SMITH & ASSOCIATES - NEWBERRY License #550985 Listed on: 05/27/2011

Last Buyer's Agent

Jerry Mills

COOKIE KING REAL ESTATE, INC License #3157836

Property Details

Home Type

  • Multi-Family

Lot Details

  • 32,234 Sq Ft Lot
  • Lot Dimensions are 175x150x200x200

Home Design

  • Metal Roof
  • Concrete Siding
  • Block Exterior
  • Stucco

Interior Spaces

  • 2-Story Property

Flooring

  • Carpet
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 5 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating System Mounted To A Wall or Window

Community Details

  • 10 Buildings
  • 5 Units
  • 10,530 Sq Ft Building
  • Out Of County Subdivision

Listing and Financial Details

  • Property Available on 5/27/11
  • Assessor Parcel Number 08540

Property Details

Home Type

Multi-Family

Lot Details

0.74 Acres

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Residential
  • Construction Materials: Block, Concrete, Other, Stucco
  • Fireplace: No
  • Lot Size Acres: 0.74
  • Building Area Total: 10530
  • Status: Sold
  • Total Acreage: 1/2 to less than 1
  • Water Access YN: 0
  • Sale Includes: Building(s) and Land
  • Special Features: RealEstateOwned

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Tile, Vinyl
  • Full Bathrooms: 5
  • Total Bedrooms: 7
  • Levels: Two
  • Stories: 2

Exterior Features

  • Exterior Features: Other
  • Roof: Metal
  • Water View YN: 0

Garage/Parking

  • Attached Garage: No
  • Carport Y N: No
  • Garage Yn: No

Utilities

  • Utilities: Electricity Connected
  • Cooling: Wall/Window Unit(s)
  • Heating: Wall Units / Window Unit
  • Sewer: Public Sewer
  • Water Source: Public

Lot Info

  • Zoning: Other
  • Parcel Number: 08540
  • Additional Parcels: No
  • Lot Dimensions: 175x150x200x200

Rental Info

  • Furnished: Unfurnished
  • Available Date: 2011-05-27
  • Long Term YN: 0

Multi Family

  • Number Of Units Total: 5
  • Total Num Buildings: 10
  • Unit Count: 0

Tax Info

  • Tax Annual Amount: 21620

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 12, 2019
Sold by
Bought by
Current Estimated Value
$2,969,365

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,634,800
Outstanding Balance
$1,346,874
Interest Rate
3.75%
Mortgage Type
Commercial
Estimated Equity
$1,622,491

Purchase Details

Closed on
Jun 1, 2016
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,139,000
Interest Rate
3.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 27, 2011
Closed on
Dec 26, 2012
Sold by
Bought by
Seller's Agent
Brad Smith
UNITED COUNTRY SMITH & ASSOCIATES - NEWBERRY
Buyer's Agent
Jerry Mills
COOKIE KING REAL ESTATE, INC
List Price
$1,250,000
Sold Price
$500,000
Premium/Discount to List
-$750,000
-60%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.13%
Original Mortgage
$400,000
Interest Rate
3.38%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Oct 30, 2009
Sold by
Bought by

Purchase Details

Closed on
Feb 20, 2001
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 2001
Sold by
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$1,930,000 Dba Gilchrist Title Services
$1,300,000 --
$1,300,000 Gilchrist Title Services
$500,000 Attorney
$1,176,600 Attorney
-- Levy Abstract & Title Compan
-- Levy Abstract & Title Compan
$850,000 Levy Abstract & Title Compan
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $1,634,800
Previous Owner $1,139,000
Previous Owner $400,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
03/07/2022 03/07/22 Off Market $500,000 -- --
12/28/2012 12/28/12 Sold $500,000 -60.0% $47 / Sq Ft
12/04/2012 12/04/12 Pending -- -- --
05/27/2011 05/27/11 For Sale $1,250,000 -- $119 / Sq Ft
Source: Stellar MLS

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: OM359301

Stellar MLS

APN: 08540-000-00

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