NOT LISTED FOR SALE

Island Reef 8767 Midnight Pass Rd Unit 402F Sarasota, FL 34242

Estimated Value: $580,000 - $681,000

2 Beds
2 Baths
1,303 Sq Ft
$633/mo HOA Fee

Last Sold June 27, 2018

Last sale price $431,500 $331 Per Sq Ft

Est. 45% increase in value since last sale

Current estimated payment $4,289/month

5 Days on Market

Highlights

  • 200 Feet of Waterfront
  • White Water Ocean Views
  • Water access To Gulf or Ocean
  • Phillippi Shores Elementary School Rated A
  • Boat Dock
  • Private Beach

About This Home

As of June 2018

SPECTACULAR VIEWS OF SARASOTA BAY WITH SUNRISES AND JUST STEPS TO THE BEACH TO VIEW SUNSETS. GULF TO BAY COMMUNITY. BEACH & BOAT DOCKS (lifts allowed), Two lighted tennis courts, pickle ball, billiards, fitness room, grilling patios, kayak racks, fishing pier, remodeled clubhouse, two heated swimming pools, saunas, bike storage, fishing pier, Gulf side social room and more. Active Social Calendar! Turnkey Furnished! This light and bright two bedroom, 2 bath residence with Laundry and screened and glass-in lanai. Newer HVAC. Assigned carport and guest parking. Monthly Rental, on-site management. PET FRIENDLY! Beautiful landscaping adds to the appeal of Island Reef. Close to three restaurants and all the cultural activities that Sarasota offers.

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 04/06/2018

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

MICHAEL SAUNDERS & COMPANY License #3033598

Last Buyer's Agent

Marlene Marshall

MICHAEL SAUNDERS & COMPANY License #3113521 Listed on: 04/06/2018

MICHAEL SAUNDERS & COMPANY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,807

Year Built

  • Built in 1979

Lot Details

  • Private Beach
  • Public Beach
  • Southeast Facing Home
  • Mature Landscaping
  • Landscaped with Trees

HOA Fees

  • $633 Monthly HOA Fees

Property Views

Home Design

  • Traditional Architecture
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,303 Sq Ft Home
  • Furnished
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Combination Dining and Living Room
  • Inside Utility
  • Sauna

Kitchen

  • Eat-In Kitchen
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking

Pool

  • Heated Pool
  • Outdoor Shower
  • Auto Pool Cleaner

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • Deeded access to the beach
  • First Come-First Served Dock
  • Dock has access to water
  • Enclosed Patio or Porch
  • Exterior Lighting
  • Outdoor Grill

Schools

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

Utilities

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

Additional Features

  • Reclaimed Water Irrigation System
  • Property is near public transit

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, community pool, escrow reserves fund, insurance, maintenance structure, ground maintenance, manager, pest control, recreational facilities, sewer, trash, water
  • 173 Units
  • Island Reef 941 349 3389 Association
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • The community has rules related to deed restrictions, no truck, recreational vehicles, or motorcycle parking, vehicle restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Boat Slip
  • Recreation Facilities
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,807

Year Built

Built in 1979

Lot Details

0

HOA Fees

$633 per month

Listing Details

  • HOA Fee Includes: Cable TV, Community Pool, Escrow Reserves Fund, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1303
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1421
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4215741&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4215741&cview=true&show_results=true&customer_portal=true
  • Floor Number: 4
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Home Warranty Y N: No
  • Property Description: Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 1.01529
  • Price per Sq Ft: 331.16
  • Close to Original List Price Ratio: 1.01529
  • Ratio: Current Price\Building Area Total: 303.66
  • View: Yes
  • Co List Office Mls Id: 281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Eating Space In Kitchen, Elevator, Living Room/Dining Room Combo, Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • Room Count: 6
  • Additional Rooms: Foyer, Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Southeast
  • Other Structures: Tennis Court(s)
  • Pool Features: Auto Cleaner, Heated
  • Exterior Features: Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sliding Doors, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Water
  • Water Body Name: Intracoastal Waterway
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed, Screened
  • Road Surface Type: Paved
  • Water View: Bay/Harbor - Full, Intracoastal Waterway
  • Water Access: Bay/Harbor, Beach - Access Deeded, Beach - Private, Beach - Public, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Dock w/Electric, Dock w/Water Supply, Fishing Pier, Sailboat Water
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0207F
  • Waterfront Frontage: 200
  • Additional Water Information: Gulf of Mexico
  • Water Frontage Feet Bay Harbor: 200
  • Disclosures: Condominium Disclosure Available, Other, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Parking Features: Guest
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Public, Sprinkler Meter, Sprinkler Recycled
  • Cooling: Central Air
  • Heating: Central, Electric
  • Laundry Features: Inside
  • Water Source: Public, Well
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Irrigation-Reclaimed Water, No Truck/RV/Motorcycle Parking, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Boat Dock, Fitness Center, Laundry, Recreation Facilities, Tennis Court(s), Vehicle Restrictions
  • Association Fee Frequency: Quarterly
  • Association Name: Island Reef 941-349-3389
  • Association: Yes
  • Security: Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1900
  • Condo Fees Term: Quarterly
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 633
  • Association Fee Requirement: Required
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7600
  • Total Monthly Fees: 633.33

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081022
  • Additional Parcels: No
  • Lot Features: In County, Near Public Transit
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1 Month
  • Approval Process: Application for approval from Association with $150.00 fee.
  • Num Timesper Year: 8
  • Pet Restrictions: 1 pet, 30 lbs.
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see Association Documents for Restrictions/Guidelines

Multi Family

  • Number Of Units Total: 173
  • Waterfront Features: Bay/Harbor

Tax Info

  • Tax Annual Amount: 4807
  • Tax Book Number: 11-34
  • Tax Lot: 402-F

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2018
Closed on
Jun 29, 2018
Sold by
Doherty Maureen and Doherty Nancy Doherty
Bought by
Hummer Mary E and Hummer Richard L
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
List Price
$425,000
Sold Price
$431,500
Premium/Discount to List
$6,500
1.53%
Current Estimated Value
$624,614

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$193,114
Avg. Annual Appreciation
5.08%
Original Mortgage
$50,100
Outstanding Balance
$43,195
Interest Rate
4.55%
Estimated Equity
$581,419

Purchase Details

Closed on
Jan 27, 2017
Sold by
Doherty Nancy
Bought by
Doherty Nancy and Doherty Maureen

Purchase Details

Closed on
Jan 1, 2017
Bought by
Doherty Nancy

Purchase Details

Closed on
Dec 12, 1995
Sold by
Stockwell Bruce J and Stockwell Patricia A
Bought by
Doherty Helen and Doherty Helen F
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hummer Mary E $431,500 --
Doherty Nancy -- Attorney
Doherty Nancy $100 --
Doherty Helen $190,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hummer Mary E $50,100
Closed Hummer Mary E --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/27/2018 06/27/18 Sold $431,500 +1.5% $331 / Sq Ft
04/11/2018 04/11/18 Pending -- -- --
04/06/2018 04/06/18 For Sale $425,000 -- $326 / 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 $4,439 $383,552 -- --
2024 $3,999 $372,742 -- --
2023 $3,999 $338,002 $0 $0
2022 $3,879 $328,157 $0 $0
2021 $3,875 $318,599 $0 $0
2020 $3,885 $314,200 $0 $314,200
2019 $4,226 $345,100 $0 $345,100
2018 $4,730 $350,600 $0 $350,600
2017 $4,807 $350,600 $0 $350,600
2016 $4,908 $350,600 $0 $350,600
2015 $4,809 $333,900 $0 $333,900
2014 $4,692 $280,800 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marlene Marshall

    Seller's Agent in 2018

    Marlene Marshall

    Michael Saunders

    (941) 539-8850

    37 in this area

    44 Total Sales

    Marlene Marshall
    Section Image

  • G

    Seller Co-Listing Agent in 2018

    George Marshall

    Michael Saunders

    (941) 961-3221

    28 in this area

    29 Total Sales

    George Marshall
    Section Image
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About Island Reef

Map

Source: Stellar MLS

MLS Number: A4215741

Stellar MLS

APN: 0129-08-1022

Florida Sarasota County Sarasota 34242

8767 Midnight Pass Rd Unit 402F, Sarasota, FL

Not Listed for Sale

Condos

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