NOT LISTED FOR SALE

1038 Adams Dr Key Largo, FL 33037

Estimated Value: $1,646,000 - $1,907,000

4 Beds
2 Baths
2,076 Sq Ft
$856/Sq Ft Est. Value

Last Sold August 28, 2019

Last sale price $890,000 $429 Per Sq Ft

Est. 100% increase in value since last sale

Current estimated payment $10,456/month

69 Days on Market

Highlights

  • Boat Ramp
  • Solar Power System
  • Wood Flooring
  • Coral Shores High School Rated A
  • Home fronts a canal
  • 1-minute walk to Government Center Park

About This Home

As of August 2019

Easy island living in this expansive footprint home on a canal, only 5 houses from the bay with gorgeous open water views from the porches. The 23 rooftop solar panels practically feed back into the grid and power this immense home with two air conditioner units. There are 4 spacious bedrooms & 2 full baths in this 2015 remodeled family home. Custom kitchen with stainless steel, solid wood cabinets & Quartz counter tops. Dining options include the breakfast bar, the formal dining room or on the screened porch overlooking the canal. Property immaculately maintained with entertaining areas in the back yard, dock & balconies. Immediate access to Blackwater Sound & quick to ocean through Adams Cut. This is an ideal boater's home with its private boat launch, davits & 65 foot dock.

Last Agent to Sell the Property

Ana G Zalesky

Coldwell Banker Schmitt Key Largo License #3028693 Listed on: 06/12/2019

Coldwell Banker Schmitt Key Largo

Co-Listed By

Holly Hight

Ocean Sotheby's International Realty License #3234318

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,001

Year Built

  • Built in 1990 | Remodeled

Lot Details

  • 8,250 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 2,076 Sq Ft Home
  • Ceiling Fan
  • Workshop
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms
  • Dual Flush Toilets

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass

Parking

  • Carport
  • Guest Parking
  • Off-Street Parking

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • Davits
  • Dock made with Composite Material
  • Screened Balcony
  • Screened Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00550930-000000

Community Details

Overview

  • No Home Owners Association
  • Twin Lakes Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,001

Year Built

Built in 1990 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Composite
  • Document Count: 1
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 103.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2000.72
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Off Street Parking, Guest Parking
  • Year Built: 1990
  • Alternate Key Number: 1674401
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 8250.00
  • Porch Balcony: Open Porch/Balcony, Screened Patio, Screened P/B
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2076.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • G F Bldg Materials: Bamboo/Cork Floor
  • G F Interior Features: Dual Flush
  • G F Utilities: Solar Panels
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Quartz Countertops
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Combo Construction
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Solar Power, Cable Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,VE
  • Parcel Number: 00550930-000000
  • Lot Size: 75 x 110
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.19

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 30, 2021
Sold by
Saez Benito Pedro Antonio Sevilla and Sevilla Ana Pacheco
Bought by
1038 Adams Dr Llc
Current Estimated Value
$1,776,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 21, 2021
Sold by
Salgueiro Alex and Taylor Saks Trust
Bought by
Saez Benito Pedro Antonio Sevilla and Sevilla Ana Pacheco

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 20, 2021
Sold by
Salgueiro Alex and Saks Frank
Bought by
Salgueiro Alex and Taylor Saks Trust

Purchase Details

Listed on
Jun 12, 2019
Closed on
Aug 29, 2019
Sold by
Andersen William A and The William A Andersen Living
Bought by
Saks Frank
Seller's Agent
Ana G Zalesky
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Creative Technology
List Price
$925,000
Sold Price
$890,000
Premium/Discount to List
-$35,000
-3.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.15%
Original Mortgage
$500,000
Interest Rate
3.75%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 1, 2018
Sold by
William A Andersen Cpa Pa
Bought by
Tropical Leasing Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$964,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 10, 2015
Sold by
Brainard Mildred
Bought by
Slattery John T and Slattery Susan M

Purchase Details

Closed on
Aug 7, 2008
Sold by
Andersen William A
Bought by
Andersen William A

Purchase Details

Closed on
Aug 29, 2001
Sold by
Sharon Jones I
Bought by
Andersen William A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 1999
Bought by
Andersen William A Living Trust 8/7/2008

Purchase Details

Closed on
Jul 11, 1997
Sold by
Loizzo Carmelia
Bought by
Anderson William A and Jones Sharon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$159,000
Interest Rate
7.98%

Purchase Details

Closed on
Aug 28, 1995
Sold by
Rich James W and Rich Kathleen
Bought by
Loizzo Anthony and Loizzo Carmella

Purchase Details

Closed on
Jul 1, 1988
Bought by
Andersen William A Living Trust 8/7/2008

Purchase Details

Closed on
Jun 1, 1986
Bought by
Andersen William A Living Trust 8/7/2008
Source: Public Records

Range of Values:

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Average Value
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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
1038 Adams Dr Llc $900,000 Attorney
Saez Benito Pedro Antonio Sevilla $1,200,000 Express Title Svcs Group Inc
Salgueiro Alex -- Accommodation
Saks Frank $890,000 Attorney
Tropical Leasing Llc $645,000 Attorney
Slattery John T $75,000 Winged Foot Title Llc
Andersen William A -- Attorney
Andersen William A $22,000 --
Andersen William A Living Trust 8/7/2008 $22,000 --
Anderson William A $229,000 --
Loizzo Anthony $223,000 --
Andersen William A Living Trust 8/7/2008 $47,500 --
Andersen William A Living Trust 8/7/2008 $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Saez Benito Pedro Antonio Sevilla $900,000
Previous Owner Saks Frank $500,000
Previous Owner Tropical Leasing Llc $964,000
Previous Owner Andersen William A $544,000
Previous Owner Anderson William A $72,000
Previous Owner Anderson William A $360,000
Previous Owner Anderson William A $240,000
Previous Owner Anderson William A $159,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/28/2019 08/28/19 Sold $890,000 -3.8% $429 / Sq Ft
08/20/2019 08/20/19 Pending -- -- --
06/12/2019 06/12/19 For Sale $925,000 -- $446 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $10,202 $1,404,519 $767,250 $637,269
2023 $10,202 $1,364,957 $750,750 $614,207
2022 $8,439 $1,044,464 $453,750 $590,714
2021 $6,660 $732,183 $280,500 $451,683
2020 $6,746 $737,356 $280,500 $456,856
2019 $2,859 $300,592 $0 $0
2018 $2,853 $294,988 $0 $0
2017 $2,720 $279,777 $0 $0
2016 $2,752 $274,023 $0 $0
2015 $2,792 $272,118 $0 $0
2014 $2,849 $269,958 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 586098

Florida Keys Board of REALTORS®

APN: 00550930-000000