NOT LISTED FOR SALE

8776 Midnight Pass Rd Unit 107C Sarasota, FL 34242

Estimated Value: $607,348 - $674,000

2 Beds
2 Baths
1,338 Sq Ft
$633/mo HOA Fee

Last Sold April 02, 2019

Last sale price $417,500 $312 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,619/month

364 Days on Market

Highlights

  • Waterfront Community
  • Boat Dock
  • Sailboat Water Access
  • Phillippi Shores Elementary School Rated A
  • Private Beach
  • Fitness Center

About This Home

As of April 2019

Whether you seek excitement or relaxation, this Siesta Key, amenity rich, BEACH TO BAY community has it all! Located on the toes-in-the sand/GULF SIDE of Island Reef, this FIRST FLOOR, fully furnished and updated unit is just steps away from the heated pool and beach. This corner residence features an extra window, an expanded and remodeled kitchen, a smart and efficient use of space that includes a full-size washer/dryer laundry setup, updated bathrooms, tile and wood laminate floors throughout and a screened & glassed-in lanai. Island Reef offers a very active social calendar, two heated pools, two lighted tennis courts, pickleball, billiards, remodeled fitness room, remodeled clubhouse, boat docks with lifts allowed, fishing pier, BBQ patios, bike storage, kayak racks, saunas, remodeled Gulf side social room, and more. Located just minutes from beautiful re-nourished Turtle Beach and restaurants. Your beach-front living awaits you!

Last Agent to Sell the Property

Kristen Redding

MICHAEL SAUNDERS & COMPANY License #3089978 Listed on: 03/14/2018

MICHAEL SAUNDERS & COMPANY

Last Buyer's Agent

Todd Osadjan

License #0699119

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,600

Year Built

  • Built in 1975

Lot Details

  • Private Beach
  • Northwest Facing Home
  • Mature Landscaping
  • Landscaped with Trees
  • Zero Lot Line

HOA Fees

  • $633 Monthly HOA Fees

Home Design

  • Slab Foundation
  • Built-Up Roof
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,338 Sq Ft Home
  • Furnished
  • Built-In Features
  • Crown Molding
  • Tray Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Family Room Off Kitchen
  • Inside Utility
  • Sauna

Kitchen

  • Range with Range Hood
  • Microwave
  • Dishwasher
  • Solid Surface Countertops
  • Solid Wood Cabinet

Flooring

  • Wood
  • Laminate
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • 1 Carport Space
  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Sailboat Water Access
  • Fishing Pier
  • Deeded access to the beach
  • First Come-First Served Dock
  • Dock has access to water
  • Seawall
  • Dock made with wood
  • Deck
  • Screened Patio
  • 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

  • Well Sprinkler System
  • Spa

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, private road, recreational facilities, sewer, trash, water
  • Lighthouse Management 941 460 5560 Association
  • Mid-Rise Condominium
  • Island Reef Community
  • Island Reef I Subdivision
  • On-Site Maintenance
  • Association Owns Recreation Facilities
  • The community has rules related to deed restrictions
  • Rental Restrictions
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Boat Dock
  • Community Boat Slip
  • Waterfront Community
  • Tennis Courts
  • Recreation Facilities
  • Fitness Center
  • Community Pool
  • Fishing

Pet Policy

  • Pets up to 30 lbs
  • 1 Pet Allowed

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,600

Year Built

Built in 1975

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, Private Road, Recreational Facilities, Sewer, Trash, Water
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1338
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 1448
  • Directions to Property: Stickney Point Road to South 2.5 miles on Midnight Pass Rd., turn right into Island Reef, go South to Building C, park in C107 carport space or in guest parking. Unit located on ground floor.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4213498&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=A4213498&cview=true&show_results=true&customer_portal=true
  • Floor Number: 1
  • Homestead Y N: No
  • Number Of Pets: 1
  • Total Acreage: 0 to less than 1/4
  • 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: 0.92778
  • Price per Sq Ft: 312.03
  • Close to Original List Price Ratio: 0.835
  • Ratio: Current Price\Building Area Total: 288.33
  • View: No
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile, Laminate, Hardwood
  • Full Bathrooms: 2
  • Interior Amenities: Built in Features, Ceiling Fans(s), Crown Molding, Elevator, Kitchen/Family Room Combo, Solid Surface Counters, Solid Wood Cabinets, Split Bedroom, Tray Ceiling(s), Walk-In Closet(s), Window Treatments
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Microwave, Microwave Hood, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: Yes
  • Stories: 5
  • Window Features: Blinds, Window Treatments
  • Street Number Modifier: 8776
  • Room Count: 8
  • Additional Rooms: Inside Utility
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Direction Faces: Northwest
  • Other Structures: Tennis Court(s)
  • Pool Features: Heated
  • Exterior Features: Irrigation System, Outdoor Grill, Outdoor Shower, Sauna, Sliding Doors, Tennis Court(s)
  • Roof: Built-Up
  • Pool Private: No
  • Water Body Name: Gulf Of Mexico
  • Waterfront: No
  • Patio and Porch Features: Deck, Patio, Porch, Screened
  • Water Access: Beach - Access Deeded, Beach - Private
  • Water Extras: Dock - Slip 1st Come, Dock - Wood, Dock w/Electric, Dock w/Water Supply, Fishing Pier, Sailboat Water, Seawall - Concrete
  • Water View Y N: No
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12115C0207F
  • Disclosures: Condominium Disclosure Available, Lead Paint, Seller Property Disclosure

Garage/Parking

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

Utilities

  • Utilities: BB/HS Internet Available, Cable Available, Cable Connected, Electricity Connected, Public, Sprinkler Recycled, Sprinkler Well, Street Lights
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside
  • 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, Pool, Tennis Courts, Water Access, Waterfront Complex
  • Association Amenities: Boat Slip, Boat Dock, Fitness Center, Laundry, Maintenance, Recreation Facilities, Tennis Court(s)
  • Association Name: Lighthouse Management 941-460-5560
  • Association: No
  • 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: None
  • 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: 0129071053
  • Additional Parcels: No
  • Lot Features: In County, Zero Lot Line
  • Flood Zone Code: AE
  • Flood Zone Date: 2016-11-04
  • Zoning Compatible Y N: Yes
  • 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 Required
  • Num Timesper Year: 8
  • Pet Restrictions: 1 pet under 30 lbs
  • Lease Restrictions Y N: Yes
  • Additional Lease Restrictions: Please see condominium documents for restriction/guidelines.

Tax Info

  • Tax Annual Amount: 5600
  • Tax Book Number: 9-1
  • Tax Lot: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 14, 2018
Closed on
Apr 2, 2019
Sold by
Karp Mary Sue and Susan Karp Life Trust
Bought by
Island Reef C107 Llc
Seller's Agent
Kristen Redding
MICHAEL SAUNDERS & COMPANY
Buyer's Agent
Todd Osadjan
List Price
$500,000
Sold Price
$417,500
Premium/Discount to List
-$82,500
-16.5%
Current Estimated Value
$634,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$216,587
Avg. Annual Appreciation
6.61%

Purchase Details

Closed on
Jan 17, 2017
Sold by
Schick William G and Schick Judy E
Bought by
Karp Mary Sue and Susan Karp Life Trust

Purchase Details

Closed on
Jun 30, 2005
Sold by
Stefanski Marc A and Stefanski Rhonda H
Bought by
Schick William G and Schick Judy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.75%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Island Reef C107 Llc $417,500 Attorney
Karp Mary Sue $419,000 Attorney
Schick William G $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Schick William G $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/02/2019 04/02/19 Sold $417,500 -7.2% $312 / Sq Ft
03/14/2019 03/14/19 Pending -- -- --
07/06/2018 07/06/18 Price Changed $450,000 -5.3% $336 / Sq Ft
03/27/2018 03/27/18 Price Changed $475,000 -5.0% $355 / Sq Ft
03/14/2018 03/14/18 For Sale $500,000 -- $374 / 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 $7,483 $512,100 -- $512,100
2023 $7,483 $614,000 $0 $614,000
2022 $6,828 $541,800 $0 $541,800
2021 $5,798 $385,500 $0 $385,500
2020 $5,307 $338,800 $0 $338,800
2019 $5,388 $349,000 $0 $349,000
2018 $5,521 $360,700 $0 $360,700
2017 $5,600 $360,700 $0 $360,700
2016 $5,025 $360,700 $0 $360,700
2015 $4,918 $343,600 $0 $343,600
2014 $5,259 $282,900 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Kristen Redding

    Seller's Agent in 2019

    Kristen Redding

    Michael Saunders

    (941) 350-0612

    4 in this area

    66 Total Sales

    Kristen Redding
    Section Image

  • T

    Buyer's Agent in 2019

    Todd Osadjan

    Section Image
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Map

Source: Stellar MLS

MLS Number: A4213498

Stellar MLS

APN: 0129-07-1053

Florida Sarasota County Sarasota 34242

8776 Midnight Pass Rd Unit 107C, Sarasota, FL

This home is located at 8776 Midnight Pass Rd Unit 107C, Sarasota, FL 34242 since 14 March 2018 and is currently estimated at $634,087, approximately $473 per square foot. This property was built in 1975. 8776 Midnight Pass Rd Unit 107C 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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