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Longboat Key 34228 Country Club Shores
520 Chipping LANE
$5,130,000
● House - Off Market

520 Chipping LANE

LONGBOAT KEY, FL 34228
bedrooms
5 Beds
bathrooms
5 Baths, 1 Half Bath
square feet
4,412 Ft²
$26,342
Est. Monthly
$13
HOA / Fees
0.71%
Cap Rate

About This Property

Enjoy Florida's most desirable destination for waterfront living.
Unit Size
4,412 Ft²
Days on Market
-
Land Size
0.26 acres
Price per sqft
$1,163
Property Type
House
Property Taxes
$1,140
HOA Dues
$13
Year Built
2022

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 years ago (Stellar MLS #A4615179)

Price History

Date / Event Date Event Price
Jun 28, 2024 Listed by COLDWELL BANKER REALTY $5,130,000
Listed by COLDWELL BANKER REALTY
Sep 24, 2020 Sold
Premium
Sold
Apr 3, 1998 Sold
Premium
Sold

Property Highlights

Garage
Elevator
Air Conditioning
With View
Fireplace

Building Info

Overview

    General

  • Year Built: 2022
  • Effective Year Built: 2022
  • Building Count: 1
  • Total Rooms: 9
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 12
  • Building Style: 0
  • Exterior Walls Type: 12
  • Interior Walls Type: 3
  • Roof Shape Type: 8
  • Roof Cover Type: 4
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 9
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 528
  • Parking Space Count: 2
  • Patio Type: 5
  • Porch Type: 102
  • Pool Type: 8
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 11,247
  • Lot Size Depth Feet: 1,120
  • Lot Size Frontage Feet: 1,000
  • Total Building Area: 4,940
  • Gross Building Area: 4,940
  • Building Area: 4,412
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 1
  • Heating: 3
  • Heated Square Feet: 4,412
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 1
  • Water Service: 2

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: COUNTRY CLUB SHORES UNIT 5 SEC 2
  • Land Acres: 0000000258
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 8 BLK G COUNTRY CLUB SHORES UNIT 5 SEC 2

Neighborhood

  • School District Name: Sarasota County School District
  • School Tax School District: T04 T04D T43
  • Census Tract: 000801

Zoning

  • Zoning: R4SF

Geography

  • Assessors Map Reference: 24C
  • Account Number: 0009100015
  • Subdivision Tract Number: 1700
  • Parcel: 0009-10-0015
  • Block: G
  • Lot: 8
  • Meridian: SEC 16 TWN 36S RNG 17E
  • Municipality: TOWN OF LONGBOAT KEY
  • Latitude: 27.3494
  • Longitude: -82.6047

    Address

  • Full Address: 520 Chipping Ln
  • Legal Unit: 5
  • Address - House Number: 520
  • Address - Street Name: Chipping
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Longboat Key
  • Carrier Code: C011
  • 4-Digit Zip Code: 3518
  • Zip Code: 34228

Valuation

    Tax

  • Total Area: 3,453
  • Tax Year: 2023
  • Tax Amount: $4,557,083
  • Tax Rate Code Area: 2110

    Appraisal Valuation

  • Standard Deviation: 0.2399
  • Valuation Date: Feb 21, 2024
  • Confidence Score: 66
  • Final Value: 1,187,187
  • High Value: 1,472,028
  • Low Value: 902,346

    Market Valuation

  • Market Total Value: $3,478,000
  • Market Land Value: $1,258,000
  • Market Improvement Value: $2,220,000

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $3,478,000
  • Assessed Land Value: $1,258,000
  • Assessed Improvements Value: $2,220,000

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Sep 24, 2020
  • Current Sale Recording Date: Sep 24, 2020
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2020131425
  • Previous Sale Recording Date: Apr 03, 1998
  • Previous Sale Contract Date: Mar 31, 1998
  • Previous Sale Amount: $322,500
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Country Club Shores

Stats & Trends

Median Asking:

$2,935,000

Sale Price/ft²

$1,011

Below Asking

0.05%

Average Days on Market

108

Average Home Size

3560 ft²

Average Home Age

34.8 years

Currently For Sale

10 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 1000 Longboat Club Road, LONGBOAT KEY, FL, 34228

$4,000 /mo

  • 1 Bed
  • 1 Bath
  • 1,080 ft²
1000 Longboat Club Road #406, LONGBOAT KEY, FL, 34228 Listing by Cody Smith
Unit for rent at 1050 Longboat Club Road, LONGBOAT KEY, FL, 34228

$4,000 /mo

  • 2 Beds
  • 1 Bath
  • 1,080 ft²
1050 Longboat Club Road #506, LONGBOAT KEY, FL, 34228 Listing by Donna Channey

Rentals Near You

Click here to view more rentals in the neighborhood.
STELLAR

Listed by: Bruce Myer
COLDWELL BANKER REALTY
Last Updated: 3 years ago
Data Source: Stellar MLS, MLS# A4615179
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. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 520 Chipping Lane built and last sold?
The property at 520 Chipping Lane was built in 2022 and last sold on Sep 24, 2020 for $825,000.
How much is this home worth?
The estimated value of the home located at 520 Chipping Lane is $0.
What are some comparable homes to 520 Chipping Lane?
There are currently no comparable homes to 520 Chipping Lane.
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