NOT LISTED FOR SALE

8776 Midnight Pass Rd Unit 507C Sarasota, FL 34242

Estimated Value: $569,948 - $827,000

2 Beds
2 Baths
1,338 Sq Ft
$517/mo HOA Fee

Last Sold March 23, 2012

Last sale price $320,000 $239 Per Sq Ft

Est. 110% increase in value since last sale

Current estimated payment $4,639/month

82 Days on Market

Highlights

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

About This Home

As of March 2012

Gulf to Bay Resort Style Condo at Island Reef. Gulf side End unit upgraded with granite kitchen countertops and tile through out kitchen and living room area. Full size washer and dryer in unit! Amenities: Private Beach, Boat Docks, Tennis,2 Pools, Club House, and Exercise room. Complex includes on-site Rental and Property Management for your convenience. Enjoy your own private sunsets from your 5th floor lanai or on the private beach. Ready for you to move in!

Last Buyer's Agent

Lois Seropian

COLDWELL BANKER REALTY License #3086579

COLDWELL BANKER REALTY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,319

Year Built

  • Built in 1975

Lot Details

  • Beach Front
  • 354 Feet of Waterfront
  • Property fronts gulf or ocean
  • Property fronts an intracoastal waterway
  • Property Fronts a Bay or Harbor
  • Northwest Facing Home

HOA Fees

  • $517 Monthly HOA Fees

Property Views

  • Full Gulf or Ocean
  • Full Bay or Harbor

Home Design

  • Entry on the 5th floor
  • Slab Foundation
  • Block Exterior
  • Stucco

Interior Spaces

  • 1,338 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Sliding Doors
  • Storage Room

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Ceramic Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Parking

  • Guest Parking
  • Assigned Parking

Pool

  • Heated Pool
  • Spa

Outdoor Features

  • Water access To Gulf or Ocean
  • Access To Intracoastal Waterway
  • Fishing Pier
  • First Come-First Served Dock
  • Deck
  • Covered Patio or Porch

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

Community Details

Overview

  • Association fees include insurance, maintenance structure, ground maintenance, management, recreational facilities, security, trash
  • Island Reef Community
  • Island Reef I Subdivision
  • On-Site Maintenance
  • The community has rules related to deed restrictions
  • 5-Story Property

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Tennis Courts
  • Fitness Center
  • Community Pool

Pet Policy

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

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,319

Year Built

Built in 1975

Lot Details

0

HOA Fees

$517 per month

Listing Details

  • HOA Fee Includes: Insurance, Maintenance Structure, Maintenance Grounds, Management, Recreational Facilities, Security, Trash
  • Property Type: Residential
  • Property Sub Type: Condominium
  • Construction Materials: Block, Stucco
  • Fireplace: No
  • Living Area: 1338
  • Lot Size Acres: 3.5
  • New Construction: No
  • Year Built: 1975
  • Building Area Total: 1448
  • Lot Size Sq Ft: 152470
  • Directions to Property: Stickney Pt Rd to South on Midnight Pass 3 miles to Left at Island Reef. Building C is South Building. (to the left as you drive in)
  • Status: Sold
  • Ownership: Condominium
  • ResoBuildingAreaSource: PublicRecords
  • Available for Lease YN: 1
  • Floor Number: 5
  • List Office Head Office Key Nume: 1047116
  • Minimum Lease: 1 Month
  • Number Of Pets: 1
  • RATIO Current Price By Calculate: 239.16
  • Total Acreage: Non-Applicable
  • Water Access YN: 1
  • Property Description: End Unit,Mid Rise
  • MFR_DockDescription: Dock - Slip 1st Come
  • MFR_CommunityAssociationWaterFeatures: Dock,Fishing,Water Access
  • Attribution Contact: 941-349-3460
  • Tax Year: 2011
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Split Bedroom, Walk-In Closet(s)
  • Appliances Included: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Foundation Details: Slab
  • Total Bedrooms: 2
  • Levels: One
  • Spa Yn: Yes
  • Stories: 5
  • Street Number Modifier: 8776
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Storage Rooms
  • Living Area Meters: 124.30
  • Room Count: 4

Exterior Features

  • Direction Faces: Northwest
  • Pool Features: Heated
  • Exterior Features: Sliding Doors
  • Roof: Other
  • Home Warranty: No
  • Pool Private: Yes
  • View: Water
  • Water Body Name: GULF OF MEXICO
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck, Patio, Porch, Screened
  • Water Access: Bay/Harbor,Beach,Gulf/Ocean,Gulf/Ocean to Bay,Intracoastal Waterway
  • Water Extras: Fishing Pier,Sailboat Water
  • Water Extras YN: 1
  • Water View: Bay/Harbor - Partial,Gulf/Ocean - Full,Gulf/Ocean - Partial
  • Water View YN: 1
  • Waterfront Feet Total: 354

Garage/Parking

  • Parking Features: Assigned, Guest

Utilities

  • Utilities: Public
  • Cooling: Central Air
  • Heating: Central
  • Laundry Features: Inside

Condo/Co-op/Association

  • Community Features: Deed Restrictions, Fitness Center, Pool, Tennis Courts, Waterfront Complex
  • Association Amenities: Elevator(s), Fitness Center, Laundry, Maintenance, Tennis Court(s)
  • Association Fee: 1550
  • Association Fee Frequency: Quarterly
  • Association: Yes
  • Pet Restrictions: Renters may have pets.
  • Association Fee Requirement: Required
  • Building Name Number: C
  • Max Pet Weight: 30

Fee Information

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

Lot Info

  • Zoning: RMF1
  • Parcel Number: 0129071081
  • Additional Parcels: No
  • Lot Features: CoastalConstruction Control Line, In County
  • Homestead YN: 0
  • Future Land Use: 0404

Rental Info

  • Furnished: Furnished
  • Pets Allowed: Yes
  • Expected Lease Date: 2012-03-23T00:00:00.000

Tax Info

  • Tax Annual Amount: 5319
  • Tax Book Number: 0009/0001
  • Tax Lot: C507

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

Listed on
Dec 9, 2011
Closed on
Mar 23, 2012
Sold by
Reilly Vincent D
Bought by
Cotsonas George and Cotsonas Jane
Buyer's Agent
Lois Seropian
COLDWELL BANKER REALTY
List Price
$320,000
Sold Price
$320,000
Current Estimated Value
$670,987

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,987
Avg. Annual Appreciation
5.61%

Purchase Details

Closed on
Apr 23, 1999
Sold by
Zelden Rose and Zelden Dobry Evan
Bought by
Stutzman William and Fern Stutzman E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
7.06%
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
Cotsonas George $320,000 Sunbelt Title Agency
Stutzman William $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stutzman William $216,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2012 03/23/12 Sold $320,000 0.0% $239 / Sq Ft
03/01/2012 03/01/12 Pending -- -- --
12/09/2011 12/09/11 For Sale $320,000 -- $239 / 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 $6,595 $443,755 -- --
2023 $6,595 $525,300 $0 $525,300
2022 $6,065 $469,700 $0 $469,700
2021 $5,164 $333,400 $0 $333,400
2020 $4,987 $313,100 $0 $313,100
2019 $5,051 $321,800 $0 $321,800
2018 $5,641 $370,400 $0 $370,400
2017 $5,723 $370,400 $0 $370,400
2016 $5,150 $370,400 $0 $370,400
2015 $5,040 $352,800 $0 $352,800
2014 $5,379 $290,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lois Seropian

    Buyer's Agent in 2012

    Lois Seropian

    COLDWELL BANKER REALTY

    (941) 356-4195

    7 in this area

    34 Total Sales

    Lois Seropian
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Map

Source: Stellar MLS

MLS Number: A3952861

Stellar MLS

APN: 0129-07-1081

Florida Sarasota County Sarasota 34242

8776 Midnight Pass Rd Unit 507C, Sarasota, FL

This home is located at 8776 Midnight Pass Rd Unit 507C, Sarasota, FL 34242 since 09 December 2011 and is currently estimated at $670,987, approximately $501 per square foot. This property was built in 1975. 8776 Midnight Pass Rd Unit 507C 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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