NOT LISTED FOR SALE

Estimated Value: $937,339 - $1,037,000

3 Beds
2 Baths
2,153 Sq Ft
$460/Sq Ft Est. Value

Sale Details

Date Sold: February 5, 2019

Last sale price $525,000 $244 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,552 / mo

40 Days on Market

Highlights

  • Concierge
  • Golf Course Community
  • Screened Pool
  • Full Service Day or Wellness Spa
  • Fitness Center
  • 24-Hour Guard

About This Home

As of February 2019

MUSTANG ISLAND BELMONT MODEL ON A CUL-DE-SAC LOT. This Lovely open concept home in the desirable gated community of Mustang Island in Lely Resort include. Upgraded lighting, fans, tile and cabinets. Intellitouch controls for pool and spa. Gorgeous pool and spa are surrounded with lush landscape inside and outside of the lanai. Sound system wiring with speakers and individual volume controls. Hand painted murals, plantation shutters and much more. Relax or stay active at The Player's Club w/resort style pools, poolside Tiki Bar, casual or elegant dining. Full Spa and Fitness center with classes, 13 tennis courts w/5 Pro's, basketball & 4 bocce, pickleball courts, dog park, reciprocal golf, game & Social clubs. Two Public championship golf courses plus a private (The Classic's) 3rd course and Sam Snead's Tavern. From the moment you drive up, you will notice the manicured grounds and landscaping which set the tone for this home. Make dinner plans with friends downtown 5th Ave. or head to Marco Island, you live in Lely Resort, they're all close by! Naples beaches are also minutes away. So what are you waiting for? It's time you lived the life you deserve! You have to see this home!

Last Agent to Sell the Property

Tony Cologero

Century 21 AllPoints Realty Listed on: 11/30/2018

Last Buyer's Agent

Tony Cologero

Century 21 AllPoints Realty Listed on: 11/30/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,515

Year Built

  • Built in 2005

Lot Details

  • 10,019 Sq Ft Lot
  • Lot Dimensions: 78
  • Cul-De-Sac
  • Street terminates at a dead end
  • Southeast Facing Home
  • Gated Home
  • Landscaped
  • Paved or Partially Paved Lot
  • Sprinkler System

HOA Fees

Parking

  • 2 Car Attached Garage
  • Automatic Garage Door Opener
  • Deeded Parking

Property Views

  • Golf Course
  • Woods

Home Design

  • Florida Architecture
  • Entry on the 1st floor
  • Concrete Block With Brick
  • Stucco
  • Tile

Interior Spaces

  • 2,153 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Furnished or left unfurnished upon request
  • Wired For Sound
  • Tray Ceiling
  • Vaulted Ceiling
  • 4 Ceiling Fans
  • Ceiling Fan
  • Electric Shutters
  • Double Hung Windows
  • Arched Windows
  • Sliding Windows
  • Entrance Foyer
  • Great Room
  • Breakfast Room
  • Family or Dining Combination
  • Home Office
  • Tile Flooring

Kitchen

  • Walk-In Pantry
  • Self-Cleaning Oven
  • Electric Cooktop
  • Microwave
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms
  • Dual Sinks
  • Shower Only

Laundry

  • Dryer
  • Washer
  • Laundry Tub

Home Security

  • Alarm System
  • Fire and Smoke Detector

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Screened Spa
  • Pool Equipment Stays

Outdoor Features

  • Patio
  • Outdoor Gas Grill

Schools

  • Lely Elementary School
  • Manatee Middle School
  • Lely High School

Utilities

  • Central Heating and Cooling System
  • Underground Utilities
  • High Speed Internet
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 60698001765

Community Details

Overview

  • $7,500 Membership Fee
  • Private Membership Available
  • Mandatory home owners association

Amenities

  • Concierge
  • Full Service Day or Wellness Spa
  • Restaurant
  • Sauna
  • Clubhouse
  • Theater or Screening Room
  • Billiard Room
  • Business Center
  • Meeting Room
  • Recreation Room

Recreation

  • Golf Course Community
  • Tennis Courts
  • Community Basketball Court
  • Pickleball Courts
  • Bocce Ball Court
  • Fitness Center
  • Exercise Course
  • Community Pool or Spa Combo
  • Dog Park

Security

  • 24-Hour Guard
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,515

Year Built

Built in 2005

Lot Details

10,019 Sq Ft Lot

HOA Fees

$563 per month

Parking

2

Listing Details

  • Legal Description: MUSTANG ISLAND LOT 87
  • Property Type: Residential
  • Table: Residential
  • Building Design: Single Family
  • Building Description: 1 Story/Ranch, Florida
  • Storm Protection: Shutters, Electric Shutters, Shutters - Manual
  • Year Built: 2005
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 1

Interior Features

  • Furnished Description: Furnished
  • Numberof Ceiling Fans: 4
  • Num Unit Floor: 1
  • Price Per Sq Ft: 243.85
  • Total Floors: 1
  • Additional Rooms: Home Office, Den/Study
  • Estimated Living Area: 2153
  • Full Bathrooms: 2
  • Total Bathrooms: 2.00
  • Bedroom Description: First Floor Bedroom, Master BR Ground
  • Bedrooms: 3 Bed
  • Total Bedrooms: 3
  • Dining Room: Breakfast Room, Family Dining
  • Equipment: Auto Garage Door, Cooktop - Electric, Dishwasher, Disposal, Dryer, Gas Grill, Microwave, Refrigerator/Icemaker, Security System, Self Cleaning Oven, Smoke Detector, Washer
  • Flooring: Tile
  • Floor Plan: Great Room
  • Interior Amenities: Built-In Cabinets, Cable Prewire, Foyer, High Speed Available, Laundry Tub, Pantry, Smoke Detectors, Surround Sound Wired, Tray Ceiling, Vaulted Ceiling, Volume Ceiling, Window Coverings
  • Kitchen: Island, Walk-In Pantry
  • Primary Bathroom: Dual Sinks, Shower Only
  • Windows: Arched, Double Hung, Sliding

Exterior Features

  • Gulf Access: No
  • Private Pool: Yes
  • Private Spa: Yes
  • Roof: Tile
  • Construction: Concrete Block
  • Irrigation: Reclaimed
  • Road: Cul-De-Sac, Dead End, Paved Road
  • View: Golf Course, Landscaped Area, Wooded Area
  • Exterior Features: Patio, Sprinkler Auto
  • Exterior Finish: Stucco
  • Private Pool Type: Below Ground, Equipment Stays, Heated Electric, Screened
  • Private Spa Type: Below Ground, Concrete, Heated Electric, Screened

Garage/Parking

  • Garage Description: Attached
  • Garage Spaces: 2
  • Parking: 2 Assigned, Covered

Utilities

  • Cable Available: Yes
  • Cooling: Ceiling Fans, Central Electric
  • Heat: Central Electric
  • Security: Alarm, Gated, Patrolled
  • Sewer: Central
  • Water: Central

Condo/Co-op/Association

  • Approval: Application Fee
  • Management: Professional
  • Mandatory HOA: Yes
  • Restrictions: Deeded, No Commercial, No RV
  • Sub Condo Name: MUSTANG ISLAND
  • HOA Fees: 601
  • HOA Fee Frequency: Quarterly
  • Maintenance: Irrigation Water, Lawn/Land Maintenance, Manager, Pest Control Exterior, Security
  • Master Hoa Fee: 125
  • Master HOA Fee Frequency: Annually
  • Club Fee Mandatory: 4240
  • Club Fee Mandatory Frequency: Annually

Association/Amenities

  • Pets: No Approval Needed
  • Development: Lely Resort
  • Amenities: Basketball, Billiards, Bocce Court, Business Center, Clubhouse, Community Pool, Community Room, Community Spa/Hot tub, Concierge Services, Dog Park, Exercise Room, Fitness Center Attended, Full Service Spa, Golf Course, Hobby Room, Internet Access, Pickleball, Private Membership, Restaurant, Sauna, Sidewalk, Streetlight, Tennis Court, Theater, Underground Utility
  • Community Type: Gated, Golf Course, Tennis
  • Units In Building: 1
  • Total Number of Units: 185

Fee Information

  • Application Fee: 100.00
  • One Time Mandatory Club Fee: 7500

Schools

  • Elementary School: Lely Elementary School
  • High School: Lely High School
  • Middle School: Manatee Middle School

Lot Info

  • Builder Product: No
  • Section: 33
  • Total Area: 2720
  • Waterfront: No
  • Acres: 0.2300
  • Rear Exposure: Southeast
  • Lot Description: Cul-De-Sac
  • Lot Dimensions: 78 X 130
  • Parcel Number: 60698001765

Rental Info

  • Lease Limits: Yes
  • Leases Per Year: 4
  • Min Days Of Lease: 30

Tax Info

  • Tax Description: City And County
  • Tax District Type: Community Development District
  • Taxes: 6515.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2021
Sold by
Martin Marie Louise
Bought by
Formas Andrew and Formas Sally Ann
Current Estimated Value
$990,335

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$529,500
Outstanding Balance
$479,859
Interest Rate
3.1%
Mortgage Type
New Conventional
Estimated Equity
$510,476

Purchase Details

Listed on
Nov 30, 2018
Closed on
Feb 1, 2019
Sold by
Prevost Rachel and Rachel Prevost Living Trust
Bought by
Martin Marie Louise
Seller's Agent
Tony Cologero
Century 21 AllPoints Realty
Buyer's Agent
Tony Cologero
Century 21 AllPoints Realty
List Price
$559,900
Sold Price
$525,000
Premium/Discount to List
-$34,900
-6.23%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.21%
Original Mortgage
$250,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
May 7, 2010
Sold by
Prevost Rachel
Bought by
Prevost Rachel

Purchase Details

Closed on
Feb 17, 2010
Sold by
Wenninger James R and Wenninger Christina L
Bought by
Prevost Rachel

Purchase Details

Closed on
Sep 23, 2005
Sold by
Centex Homes
Bought by
Smith Brennan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 22, 2005
Sold by
Smith Brennan M
Bought by
Wenninger James R and Wenninger Christina L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.72%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 26, 2004
Sold by
Stock Development Llc
Bought by
Centex Homes
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
Formas Andrew $729,500 Attorney
Martin Marie Louise $525,000 Attorney
Prevost Rachel -- Attorney
Prevost Rachel $445,000 Attorney
Smith Brennan $459,508 Commerce Title
Wenninger James R $610,145 First Title & Abstract
Centex Homes $3,168,213 Commerce Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Formas Andrew $529,500
Previous Owner Martin Marie Louise $250,000
Previous Owner Wenninger James R $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/05/2019 02/05/19 Sold $525,000 -2.8% $244 / Sq Ft
01/09/2019 01/09/19 Pending -- -- --
01/04/2019 01/04/19 Price Changed $539,900 -3.6% $251 / Sq Ft
11/30/2018 11/30/18 For Sale $559,900 -- $260 / Sq Ft
Source: Naples Area Board of REALTORS®

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 $8,857 $834,696 -- --
2024 $8,790 $811,172 -- --
2023 $8,790 $787,546 $0 $0
2022 $9,050 $764,608 $297,183 $467,425
2021 $6,401 $469,243 $99,779 $369,464
2020 $6,216 $459,585 $103,474 $356,111
2019 $6,375 $470,634 $127,495 $343,139
2018 $6,444 $477,863 $149,668 $328,195
2017 $6,515 $486,011 $157,059 $328,952
2016 $6,234 $460,638 $0 $0
2015 $5,937 $418,762 $0 $0
2014 $5,322 $380,693 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Naples Area Board of REALTORS®

MLS Number: 218078715

Naples Area Board of REALTORS®

APN: 60698001765

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