Longboat Key property sells for $2.05M
LONGBOAT KEY -- A Virginia family that purchased a $3.6 million beachfront home on Longboat Key in 2012 has purchased a 2-acre mini-estate just across the road for $2.05 million.
A family trust managed by Luis C. Mateos of Fairfax, Va., purchased the property at 6270 Gulf of Mexico Drive from Barbara Hania and the Georges Moses Hania Revocable Trust, which she manages, according to county records.
The property, which is made up of two lots, features a four-bedroom, 2,400-square-foot home, a tennis court and a swimming pool. The Hanias purchased the property in 1988 and 1989 for about $678,000.
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Reid Murphy, a Realtor with Developers Realty of Longboat Key, listed and sold the property. He said while the home was on the market for more than a year, its sale came with a much- improved islands real estate climate.
"It's a good parcel with a nice house," he said.
The property was originally listed for $2.25 million. The sale is dated for Sept. 30, according to a deed filed with Manatee County.
Average U.S. 30-year mortgage rate at 4.2%
WASHINGTON -- Average longterm U.S. mortgage rates declined slightly this week, after marking their largest one-week gain of the year the previous week.
Mortgage company Freddie Mac said Thursday that the nationwide average for a 30-year loan eased to 4.20 percent from 4.23 percent last week.
The average for a 15-year mortgage, a popular choice for people who are refinancing, slipped to 3.36 percent from 3.37 percent.
At 4.20 percent, the rate on a 30-year mortgage is down from 4.53 percent at the start of the year. Rates have fallen even though the Federal Reserve has been trimming its monthly bond purchases, which are intended to keep long-term borrowing rates low.
-- Herald staff and wire reports