NOT LISTED FOR SALE

Island Reef 8767 Midnight Pass Rd Unit 103F Sarasota, FL 34242

Estimated Value: $561,520 - $919,000

2 Beds
2 Baths
1,421 Sq Ft
$517/mo HOA Fee

Last Sold March 29, 2013

Last sale price $427,000 $300 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $4,625/month

7 Days on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Water access To Gulf or Ocean
  • Heated Pool

About This Home

As of March 2013

TRANQUIL SETTING AT THIS GULF TO BAY COMMUNITY! Beach, Boat Docks (lifts allowed), 2 Heated Pools, 3 lighted Tennis Courts, Billiards, Fitness Room, Gas Grills, Kayak Racks, remodeled Club House and FREE WI-FI. Many social activities available. Great Bay Views to watch the Sunrises and Water life. COMPLETELY RENOVATED to give this 2 bedroom, 2 bath residence, modern appeal. Designer Decor throughout! Kitchen has been newly remodeled with Maple cabinets, quartz counter top, new stainless steel appliances, expanded ceilings makes this a great cook's kitchen. Bathrooms have been updated. Washer and Dryer in residence. New carpeting and furniture. Storage room and carport. Glassed and screened in lanai add to square footage. This TURNKEY FURNISHED home shows attention to detail and shines above the rest. PET FRIENDLY! South facing building is very popular. TROPICAL GARDENS adds to the appeal of Island Reef! Enjoy maintenance free living with the joy of being close to all cultural activities Sarasota has to offer. Short stroll to 3 of Siesta Key's favorite restaurants.

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 01/07/2013

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3033598

Last Buyer's Agent

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 01/07/2013

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,986

Year Built

  • Built in 1979

Lot Details

  • Southeast Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $517 Monthly HOA Fees

Property Views

Home Design

  • Entry on the 1st floor
  • Slab Foundation
  • Built-Up Roof
  • Stucco

Interior Spaces

  • 1,421 Sq Ft Home
  • Open Floorplan
  • Furnished
  • Tray Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Combination Dining and Living Room
  • Sun or Florida Room
  • Inside Utility
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Primary Bedroom on Main
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • 1 Carport Space
  • Guest Parking

Pool

  • Heated Pool
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • First Come-First Served Dock
  • Deck
  • Screened Patio
  • Exterior Lighting
  • Outdoor Grill
  • Porch

Schools

  • Phillippi Shores Elementary School
  • Brookside Middle School
  • Sarasota High School

Utilities

  • Central Heating and Cooling System
  • Electric Water Heater
  • Private Sewer
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Reclaimed Water Irrigation System
  • Flood Zone Lot

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, escrow reserves fund, fidelity bond, insurance, internet, maintenance structure, ground maintenance, management, pest control, recreational facilities, sewer, trash, water
  • Island Reef Homeowners 349 2844 Association
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef II Ph 1 2 And 3 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Recreation Facilities
  • Shuffleboard Court

Pet Policy

  • Pets Allowed
  • Pets up to 30 lbs
  • 1 Pet Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,986

Year Built

Built in 1979

Lot Details

0

HOA Fees

$517 per month

Listing Details

  • HOA Fee Includes: Cable TV, Escrow Reserves Fund, Fidelity Bond, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Management, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1421
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1421
  • Status: Sold
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 132.02
  • Floor Number: 1
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 300.49
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Mid Rise
  • MFR_DockDescription: Dock - Slip 1st Come
  • MFR_CommunityAssociationWaterFeatures: Dock,Fishing,Water Access
  • Attribution Contact: 941-349-3444
  • Tax Year: 2012
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Primary Bedroom Main Floor, Open Floorplan, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Microwave, Oven, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Florida Room,Inside Utility
  • Living Area Meters: 132.02

Exterior Features

  • Direction Faces: Southeast
  • Pool Features: Heated
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sliding Doors
  • Roof: Built-Up
  • Home Warranty: No
  • Pool Private: No
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier,Sailboat Water
  • Water View: Bay/Harbor - Full,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 140

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Guest

Utilities

  • Utilities: BB/HS Internet Available, Cable Connected, Electricity Connected, Private, Sprinkler Recycled
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Water Source: Public

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Deed Restrictions, Fitness Center, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Laundry, Maintenance, Recreation Facilities, Shuffleboard Court, Tennis Court(s)
  • Association Name: Island reef Homeowners 349-2844
  • Association: No
  • Association Fee Requirement: None
  • Condo Fees: 1550
  • Max Pet Weight: 30

Fee Information

  • Total Annual Fees: 6200.00
  • Total Monthly Fees: 516.67

Schools

  • Elementary School: Phillippi Shores Elementary
  • High School: Sarasota High
  • Middle Or Junior School: Brookside Middle

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081003
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Sidewalk, Zero Lot Line
  • Future Land Use: 0404

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2013-03-29T00:00:00.000

Tax Info

  • Tax Annual Amount: 3986
  • Tax Book Number: 0011/0034
  • Tax Lot: 103-F

Multi Family

  • Waterfront Features: Beach Front, Gulf/Ocean to Bay, Intracoastal Waterway

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 27, 2016
Sold by
Jamieson Robert A and Jamieson Judith
Bought by
Jamieson Robert A and Jamieson Judith M
Current Estimated Value
$691,277

Purchase Details

Listed on
Jan 7, 2013
Closed on
Mar 21, 2013
Sold by
Dailey Michael J and Dailey Sallyann
Bought by
Jamieson Robert A and Jamieson Judith
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
List Price
$439,000
Sold Price
$427,000
Premium/Discount to List
-$12,000
-2.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%

Purchase Details

Closed on
Feb 28, 2008
Sold by
Hamilton Walter F and Hamilton Peggy J
Bought by
Dailey Michael J and Dailey Sallyann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.46%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 31, 2001
Sold by
Carty Michael J and Carty Debra S
Bought by
Hamilton Walter F and Hamilton Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$244,400
Interest Rate
7.09%

Purchase Details

Closed on
Jun 25, 1998
Sold by
Tiefenthaler Jane L
Bought by
Carty Michael J and Carty Debra Sanders

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
7.04%

Purchase Details

Closed on
Apr 1, 1994
Sold by
John Paul R and John Mildred D
Bought by
Tiefenthaler Jane L
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
Jamieson Robert A -- None Available
Jamieson Robert A $427,000 Attorney
Dailey Michael J $425,000 Executive Title Ins Svcs Inc
Hamilton Walter F $309,000 --
Carty Michael J $175,000 --
Carty Michael J $175,000 --
Tiefenthaler Jane L $170,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Dailey Michael J $382,500
Previous Owner Hamilton Walter F $244,400
Previous Owner Carty Michael J $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/29/2013 03/29/13 Sold $427,000 -2.7% $300 / Sq Ft
01/15/2013 01/15/13 Pending -- -- --
01/07/2013 01/07/13 For Sale $439,000 -- $309 / 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 $5,667 $438,500 -- $438,500
2024 $5,978 $441,759 -- --
2023 $5,978 $533,700 $0 $533,700
2022 $5,447 $477,700 $0 $477,700
2021 $4,479 $331,900 $0 $331,900
2020 $4,360 $316,200 $0 $316,200
2019 $4,814 $356,300 $0 $356,300
2018 $4,837 $359,200 $0 $359,200
2017 $4,916 $359,200 $0 $359,200
2016 $5,019 $359,200 $0 $359,200
2015 $4,918 $342,100 $0 $342,100
2014 $4,941 $270,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: A3971126

Stellar MLS

APN: 0129-08-1003