NOT LISTED FOR SALE

Island Reef 8767 Midnight Pass Rd Unit 507F Sarasota, FL 34242

Estimated Value: $505,413 - $759,000

2 Beds
2 Baths
1,303 Sq Ft
$517/mo HOA Fee

Last Sold March 30, 2012

Last sale price $400,000 $307 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $4,296/month

32 Days on Market

Highlights

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

About This Home

As of March 2012

TRANQUIL SETTING AT THIS GULF TO BAY RESORT COMMUNITY! Beach, Boat Docks (Lifts allowed), 2 heated pools, 3 lit tennis courts, billiards, fitness room, gas grills, Kayak racks, club house and FREE WI-FI. Great Bay Views to watch the Sunrises and water life. Partial views of Gulf of Mexico. COMPLETELY REJUVENATED to give this 2 bedroom, 2 bath residence Modern appeal. End unit has extra light and privacy. Top Floor! Designer Decor throughout! Gourmet Kitchen has been newly remodeled with updated cabinets, granite counter tops, NEW STAINLESS STEEL appliances to include Bosch dishwasher, FRENCH door refrigerator, range and expanded ceilings makes this a great cook's kitchen. Bathrooms have been updated to include NEW 35" high wood cabinets. Granite counter tops, sinks, lights and more. Washer and dryer in residence. Storage room and carport. Glassed and screen 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 add to the appeal of ISLAND REEF! Close to 3 restaurants and all the culture activities Sarasota has to offer. IT IS BEAUTIFUL!

Last Agent to Sell the Property

Marlene Marshall

MICHAEL SAUNDERS & COMPANY Brokerage Phone: 941-349-3444 License #3113521 Listed on: 01/26/2012

MICHAEL SAUNDERS & COMPANY

Co-Listed By

George Marshall

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

Last Buyer's Agent

Joe Jones

COLDWELL BANKER SARASOTA CENT. License #3152494

COLDWELL BANKER SARASOTA CENT.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,564

Year Built

  • Built in 1979

Lot Details

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

HOA Fees

  • $517 Monthly HOA Fees

Property Views

Home Design

  • Contemporary Architecture
  • Entry on the 5th floor
  • Slab Foundation
  • Stucco

Interior Spaces

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

Kitchen

  • Eat-In Kitchen
  • Range with Range Hood
  • Recirculated Exhaust Fan
  • 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
  • Assigned Parking

Pool

  • Heated Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • First Come-First Served Dock
  • Deck
  • 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
  • High Speed Internet
  • Cable TV Available

Additional Features

  • Reclaimed Water Irrigation System
  • Flood Zone Lot

Listing and Financial Details

  • 1-Month Minimum Lease Term
  • Tax Lot 507-F
  • Assessor Parcel Number 0129081034

Community Details

Overview

  • Association fees include cable TV, pool, electricity, escrow reserves fund, fidelity bond, gas, insurance, internet, maintenance structure, ground maintenance, maintenance, management, pest control, private road, recreational facilities, security, trash
  • Island Reef Community
  • Island Reef II Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • 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

$2,564

Year Built

Built in 1979

Lot Details

0

HOA Fees

$517 per month

Listing Details

  • HOA Fee Includes: Cable TV, Pool, Electricity, Escrow Reserves Fund, Fidelity Bond, Gas, Insurance, Internet, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pest Control, Private Road, Recreational Facilities, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Contemporary
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1303
  • Lot Size Acres: 6.3
  • New Construction: No
  • Year Built: 1979
  • Building Area Total: 1421
  • Lot Size Sq Ft: 274426
  • Status: Sold
  • Co List Office Mls Id: MFR281502395
  • Co List Office Phone: 941-349-3444
  • Ownership: Condominium,Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • Building Area Total Srch Sq M: 132.02
  • Floor Number: 5
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 306.98
  • Total Acreage: 5 to less than 10
  • Water Access YN: 1
  • Condo Fees Term: Quarterly
  • Property Description: Corner Unit,End Unit,Mid Rise,Penthouse
  • MFR_DockDescription: Dock - Slip 1st Come
  • MFR_CommunityAssociationWaterFeatures: Boat Slip,Dock,Water Access
  • Attribution Contact: 941-349-3444
  • Tax Year: 2011
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Eat-in Kitchen, Elevator, Living Room/Dining Room Combo, Primary Bedroom Main Floor, 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, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Inside Utility
  • Living Area Meters: 121.05

Exterior Features

  • Direction Faces: South
  • Pool Features: Heated
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sliding Doors
  • Roof: Other
  • Home Warranty: No
  • Pool Private: No
  • View: Pool, Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Deck, Patio, Porch
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure
  • Water Access: Bay/Harbor,Beach,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Sailboat Water
  • Water View: Bay/Harbor - Full,Beach,Gulf/Ocean - Partial,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water View YN: 1
  • Waterfront Feet Total: 200

Garage/Parking

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

Utilities

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

Condo/Co-op/Association

  • Community Features: Buyer Approval Required, Deed Restrictions, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Laundry, Maintenance, Recreation Facilities, Shuffleboard Court, Tennis Court(s)
  • 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: 0129081034
  • Additional Parcels: No
  • Lot Features: FloodZone, In County, Paved, Zero Lot Line
  • Future Land Use: 0404

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2012-03-30T00:00:00.000

Tax Info

  • Tax Annual Amount: 2564
  • Tax Book Number: 0011/0034
  • Tax Lot: 507-F

Multi Family

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 28, 2015
Sold by
Houchins William M and Houchins Tracy M
Bought by
Lawrence Robin and Lawrence Monica
Current Estimated Value
$636,538

Purchase Details

Listed on
Jan 26, 2012
Closed on
Mar 28, 2012
Sold by
Weghorn Frank J and Weghorn Ellen A
Bought by
Houchins William M and Houchins Tracy M
Seller's Agent
Marlene Marshall
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Joe Jones
COLDWELL BANKER SARASOTA CENT.
List Price
$400,000
Sold Price
$400,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.35%
Original Mortgage
$200,000
Interest Rate
3.97%
Mortgage Type
New Conventional
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
Lawrence Robin $422,000 Attorney
Houchins William M $400,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Houchins William M $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/30/2012 03/30/12 Sold $400,000 0.0% $307 / Sq Ft
02/28/2012 02/28/12 Pending -- -- --
01/26/2012 01/26/12 For Sale $400,000 -- $307 / 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 $5,171 $439,560 -- --
2024 $5,171 $399,600 -- $399,600
2023 $5,478 $481,700 $0 $481,700
2022 $5,011 $434,200 $0 $434,200
2021 $4,146 $304,600 $0 $304,600
2020 $4,032 $289,900 $0 $289,900
2019 $4,467 $328,400 $0 $328,400
2018 $4,893 $363,700 $0 $363,700
2017 $4,974 $363,700 $0 $363,700
2016 $5,077 $363,700 $0 $363,700
2015 $4,976 $346,400 $0 $346,400
2014 $4,853 $291,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Marlene Marshall

    Seller's Agent in 2012

    Marlene Marshall

    Michael Saunders

    (941) 539-8850

    37 in this area

    44 Total Sales

    Marlene Marshall
    Section Image

  • G

    Seller Co-Listing Agent in 2012

    George Marshall

    Michael Saunders

    (941) 961-3221

    28 in this area

    29 Total Sales

    George Marshall
    Section Image

  • J

    Buyer's Agent in 2012

    Joe Jones

    COLDWELL BANKER SARASOTA CENT.

    (941) 320-3074

    8 Total Sales

    Joe Jones
    Section Image
See All Agents

About Island Reef

Map

Source: Stellar MLS

MLS Number: A3954963

Stellar MLS

APN: 0129-08-1034

Florida Sarasota County Sarasota 34242

8767 Midnight Pass Rd Unit 507F, Sarasota, FL

Not Listed for Sale

Condos

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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