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$621,899Estimated home value

Beds
2
Baths
2.5
sq ft
1,440

529 Forest Way, Longboat Key, FL 34228

529 Forest Way

LONGBOAT KEY, FL 34228

  • Off market
    • Price drop $36,000↓
Welcome to Longboat Key’s active lifestyle! This turnkey furnished tri-level town home (minus art and some personal items) is beautifully maintained and in move-in condition. One of the few condos on Longboat Key that allows 2 pets less than 35 lbs! Oversized enclosed garage with plenty of storage area and foyer on the first level, spacious open living and dining room with 9 ft ceilings, half bath and screened lanai plus well equipped open kitchen are on the second level, and primary bedroom with two built-in closets and an Ensuite bath with tub and shower and guest bedroom with walk in closet, guest bath with step in shower and laundry closet on the third level. Cedars East is an enclave of 90 town homes on 66 acres of tropical landscaping. This town home is perfect for year-round living, vacation or investment property with 2-week minimum rental policy and on-site rental management office. The amenities of this complex include a heated Jr Olympic size pool, scenic lit boardwalks through mangroves, fishing pier and a kayak launch on Sarasota Bay. Various memberships are available to Cedars Tennis Resort & Club that could include ten Har-Tru Tennis Courts, Club House with Pro-Shop, 24 hr Fitness Center, Tiki Bar and Restaurant. Joan Durante Park, many local restaurants like Harry’s Deli and Restaurant, Euphemia Haye, The Haye Loft, LaVilla Mexican Grill, The Shore and Mar Vista are all nearby. Plus, of course, the white, sandy beaches on Longboat Key along the Gulf of Mexico. Lots of other attractions and cultural events are nearby--St Armand’s Circle, Mote Marine, Asolo Repertory Theatre, Van Wezel Performing Arts, Marie Selby Gardens, Ringling Museum and much more. Come see this Longboat Key getaway! Bedroom Closet Type: Built In Closet (Primary Bedroom).

Details

Property type

Townhouse

Est. home value

$621,899

Lot size

Unknown

Price per sq ft

$458

Year built

1990

Annual property taxes

$6,667

HOA fee

$2,719

Price History

08/21/2024
StellarMLS

StellarMLS #A4603909

Removed
$659,000
04/27/2024
StellarMLS

StellarMLS #A4603909

Price change
$659,000
-5.18%
04/14/2024
StellarMLS

StellarMLS #A4603909

Price change
$695,000
-4.14%

Schools & Community

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Clubhouse, Fitness Center, Pool, Restaurant, Sidewalks, Tennis Court(s)

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$486,669
Asking price
$659,000
Closing costs (~8% of asking)
-$52,720
Est. remaining loan balance
-$119,611
Cash to seller
$486,669

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Lakeview Loan Servicing Llc

Loan start date

April 2018

Original loan amount

$186,500

Est. remaining balance

$119,611

Interest rate

3.85%

Loan type

New Conventional, 15 year

Seller

Mark S Adler and Debora R Lament

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Off Market

Tomo last checked: 10/04/2024 at 9:05 PM

Listing updated: 05/19/2024 at 4:10 PM

Listed by: Cathy Meldahl, PA, MICHAEL SAUNDERS & COMPANY Phone #: (941) 383-7591

MLS: StellarMLS #A4603909

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