NOT LISTED FOR SALE

Island Reef 8773 Midnight Pass Rd Unit 401G Sarasota, FL 34242

Estimated Value: $615,026 - $663,000

2 Beds
2 Baths
1,421 Sq Ft
$650/mo HOA Fee

Last Sold March 25, 2021

Last sale price $490,000 $345 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $4,788/month

Highlights

  • 800 Feet of Waterfront
  • Boat Dock
  • Fitness Center
  • Phillippi Shores Elementary School Rated A
  • Beach Access
  • Heated In Ground Pool

About This Home

As of March 2021

2 bedroom 2 bath unit in Island Reef

Last Agent to Sell the Property

Patrick Brogley

KELLER WILLIAMS ON THE WATER S License #3360491 Listed on: 03/18/2021

KELLER WILLIAMS ON THE WATER S

Last Buyer's Agent

Patrick Brogley

KELLER WILLIAMS ON THE WATER S License #3360491 Listed on: 03/18/2021

KELLER WILLIAMS ON THE WATER S

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,051

Year Built

  • Built in 1981

Lot Details

  • End Unit
  • Southwest Facing Home
  • Mature Landscaping
  • Street paved with bricks

HOA Fees

  • $650 Monthly HOA Fees

Property Views

Home Design

  • Traditional Architecture
  • Turnkey
  • Slab Foundation
  • Stucco

Interior Spaces

  • 1,421 Sq Ft Home
  • Open Floorplan
  • Crown Molding
  • Tray Ceiling
  • Ceiling Fan
  • Shades
  • Blinds
  • Combination Dining and Living Room
  • Breakfast Room
  • Inside Utility
  • Sauna

Kitchen

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

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Reserved Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Outdoor Shower
  • Pool Tile
  • Auto Pool Cleaner
  • Pool Lighting

Outdoor Features

  • Beach Access
  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Deeded access to the beach
  • First Come-First Served Dock
  • Dock has access to water
  • Dock made with wood
  • Enclosed patio or porch
  • Exterior Lighting
  • Outdoor Grill

Schools

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

Utilities

  • Humidity Control
  • Central Heating and Cooling System
  • Thermostat
  • High Speed Internet
  • Phone Available
  • Cable TV Available

Additional Features

  • Well Sprinkler System
  • Flood Insurance May Be Required

Listing and Financial Details

Community Details

Overview

  • Association fees include cable TV, common area taxes, community pool, escrow reserves fund, fidelity bond, insurance, maintenance structure, ground maintenance, manager, pest control, pool maintenance, recreational facilities, sewer, trash, water
  • Meryem Billauadil Association, Phone Number (941) 349-2844
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef Ii Ph 1 2 & 3 Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to building or community restrictions, deed restrictions, vehicle restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Sauna
  • Clubhouse
  • Laundry Facilities
  • Elevator

Recreation

  • Community Boat Slip
  • Recreation Facilities
  • Shuffleboard Court
  • Fishing

Pet Policy

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

Security

  • Card or Code Access
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,051

Year Built

Built in 1981

Lot Details

0

HOA Fees

$650 per month

Listing Details

  • HOA Fee Includes: Cable TV, Common Area Taxes, Community Pool, Escrow Reserves Fund, Fidelity Bond, Insurance, Maintenance Structure, Maintenance Grounds, Manager, Pest Control, Pool Maintenance, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Architectural Style: Traditional
  • Construction Materials: Stucco
  • Fireplace: No
  • Living Area: 1421
  • New Construction: No
  • Year Built: 1981
  • Building Area Total: 1421
  • Directions to Property: Head south on US-41 S / FL-45 / S Tamiami Trail toward Monte Carlo Dr. Turn right onto FL-72 / Stickney Point Rd. Arrive at Midnight Pass Rd The last intersection before your destination is Island Reef If you reach Tree Bay Ln, you've gone too far
  • Status: Sold
  • Down Payment Resource URL: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6114391?w=Agent&skip_sso=true
  • Down Payment Resource URL 2: https://www.workforce-resource.com/dpr/listing/MFRMLS/N6114391?w=Customer
  • Floor Number: 4
  • Homestead Y N: No
  • Number Of Pets: 1
  • Unit Number Y N: No
  • Property Description: Corner Unit, End Unit, Mid Rise
  • Call Center Phone Number: 941-308-7777
  • Ratio: Close Price\List Price: 0.9802
  • Price per Sq Ft: 344.83
  • Close to Original List Price Ratio: 0.9802
  • Ratio: Current Price\Building Area Total: 344.83
  • View: Yes
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2020
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Porcelain Tile, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Crown Molding, Eating Space In Kitchen, Elevator, Living Room/Dining Room Combo, Master Bedroom Main Floor, Open Floorplan, Sauna, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Stone Counters, Thermostat, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Stories: 5
  • Window Features: Blinds, Shades
  • Street Number Modifier: 8773
  • Room Count: 6
  • Additional Rooms: Breakfast Room Separate, Inside Utility
  • ResoLivingAreaSource: Owner

Exterior Features

  • Direction Faces: Southwest
  • Other Structures: Tennis Court(s)
  • Pool Features: Auto Cleaner, Heated, In Ground, Lighting, Tile
  • Exterior Features: Irrigation System, Lighting, Outdoor Grill, Outdoor Shower, Sauna, Sidewalk, Sprinkler Metered, Tennis Court(s)
  • Roof: Other
  • Pool Private: No
  • View: Pool, Tennis Court, Water
  • Water Body Name: Gulf Of Mexico
  • Waterfront: Yes
  • Patio and Porch Features: Enclosed
  • Road Surface Type: Street Brick, Paved
  • Water View: Gulf/Ocean - Partial
  • Water Access: Bay/Harbor, Beach, Beach - Access Deeded, Gulf/Ocean, Gulf/Ocean to Bay, Intracoastal Waterway
  • Water Extras: Dock - Slip 1st Come, Dock - Wood, Dock w/Electric, Dock w/Water Supply
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0207F
  • Waterfront Frontage: 800
  • Water Frontage Feet Beach Pub: 200
  • Additional Water Information: Gulf to Bay
  • Water Frontage Feet Beach Prvt: 200
  • Water Frontage Feet Gulf Ocean: 200
  • Water Frontage Feet Ocean 2 Bay: 200
  • Disclosures: Condominium Disclosure Available, Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 1
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Assigned, Covered, Guest, Reserved
  • Covered Parking Spaces: 1
  • Open Parking: No

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Phone Available, Public, Sprinkler Meter, Sprinkler Recycled, Sprinkler Well, Street Lights, Water Available
  • Cooling: Central Air, Humidity Control
  • Heating: Central, Electric
  • Laundry Features: Inside, Laundry Room
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Community Features: Association Recreation - Owned, Buyer Approval Required, Deed Restrictions, Fishing, Fitness, Irrigation-Reclaimed Water, Pool, Sidewalk, Special Community Restrictions, Tennis Courts, Water Access, Waterfront
  • Association Amenities: Boat Slip, Cable TV, Clubhouse, Boat Dock, Elevator(s), Fitness Center, Laundry, Lobby Key Required, Maintenance, Pool, Recreation Facilities, Sauna, Shuffleboard Court, Tennis Court(s), Vehicle Restrictions
  • Association Name: Meryem Billauadil
  • Phone: 941-349-2844
  • Association: Yes
  • Security: Key Card Entry, Smoke Detector(s)
  • Senior Community: No
  • Condo Fees: 1950
  • Condo Fees Term: Quarterly
  • Association Email: mgr@islandreef.net
  • Condo Land Included Y N: No
  • Monthly Condo Fee Amount: 650
  • Association Fee Requirement: None
  • Association Approval Required YN: Yes

Fee Information

  • Total Annual Fees: 7800
  • Total Monthly Fees: 650

Schools

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129081052
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, Flood Insurance Required, In County, Sidewalk
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Furnished: Turnkey
  • Pets Allowed: Size Limit, Yes
  • Pet Size: Small (16-35 Lbs.)
  • Max Pet Weight: 30
  • Minimum Lease: 1 Month
  • Approval Process: Island Reef must approve the lease.
  • Num Timesper Year: 8
  • Pet Restrictions: 1 dog or cat 30 lbs. minimum
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: See additional docs

Tax Info

  • Tax Annual Amount: 4051.18
  • Tax Book Number: 11-34
  • Tax Lot: 401

Multi Family

  • Waterfront Features: Gulf/Ocean, Gulf/Ocean to Bay

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 26, 2022
Sold by
Temple John A Logan and Temple Marie Ilene
Bought by
Marie I Temple Revocable Trust and John A Logan Temple Revocable Trust
Current Estimated Value
$648,581

Purchase Details

Listed on
Mar 18, 2021
Closed on
Mar 25, 2021
Sold by
Scarry Kenneth J and Carlozzi Patricia M
Bought by
Temple John A Logan and Temple Marie Ilene
Seller's Agent
Patrick Brogley
KELLER WILLIAMS ON THE WATER S
Buyer's Agent
Patrick Brogley
KELLER WILLIAMS ON THE WATER S
List Price
$499,900
Sold Price
$490,000
Premium/Discount to List
-$9,900
-1.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.80%
Original Mortgage
$392,000
Interest Rate
2.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 14, 2009
Sold by
Scarry Kenneth J and Carlozzi Patricia M
Bought by
Scarry Kenneth J and Carlozzi Patricia M

Purchase Details

Closed on
Oct 27, 2005
Sold by
Scarry Kenneth J and Carlozzi Patricia M
Bought by
Scarry Kenneth J and Carlozzi Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 6, 2005
Sold by
Osadjan Louis J and Osadjan Paula M
Bought by
Scarry Kenneth J and Carlozzi Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
5.76%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Nov 22, 2004
Sold by
Osadjan Louis J and Osadjan Paula M
Bought by
Osadjan Louis J and Osadjan Paula M
Source: Public Records

Range of Values:

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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
Marie I Temple Revocable Trust $100 --
Temple John A Logan $490,000 None Available
Scarry Kenneth J -- Attorney
Scarry Kenneth J -- None Available
Scarry Kenneth J $700,000 --
Osadjan Louis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Temple John A Logan $392,000
Previous Owner Scarry Kenneth J $390,000
Previous Owner Scarry Kenneth J $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2021 03/25/21 Sold $490,000 -2.0% $345 / Sq Ft
03/18/2021 03/18/21 Pending -- -- --
03/18/2021 03/18/21 For Sale $499,900 -- $352 / 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
2024 $6,670 $457,700 -- $457,700
2023 $6,670 $534,500 $0 $534,500
2022 $6,092 $480,300 $0 $480,300
2021 $4,575 $343,200 $0 $343,200
2020 $4,220 $305,000 $0 $305,000
2019 $4,281 $313,500 $0 $313,500
2018 $4,347 $319,900 $0 $319,900
2017 $4,418 $319,900 $0 $319,900
2016 $4,511 $319,900 $0 $319,900
2015 $4,421 $304,700 $0 $304,700
2014 $4,314 $256,300 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Patrick Brogley

    Seller's Agent in 2021

    Patrick Brogley

    KELLER WILLIAMS ON THE WATER S

    (941) 361-9031

    7 in this area

    377 Total Sales

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About Island Reef

Map

Source: Stellar MLS

MLS Number: N6114391

Stellar MLS

APN: 0129-08-1052

Florida Sarasota County Sarasota 34242

8773 Midnight Pass Rd Unit 401G, Sarasota, FL

This home is located at 8773 Midnight Pass Rd Unit 401G, Sarasota, FL 34242 since 18 March 2021 and is currently estimated at $640,007, approximately $450 per square foot. This property was built in 1981. 8773 Midnight Pass Rd Unit 401G is a home located in Sarasota County with nearby schools including Phillippi Shores Elementary School, Brookside Middle School, and Sarasota High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Stellar MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.



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

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