NOT LISTED FOR SALE

1042 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,064,000 - $1,273,000

3 Beds
3 Baths
1,548 Sq Ft
$743/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $800,000 $517 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $6,770/month

104 Days on Market

Highlights

  • Airstrip
  • Deck
  • No HOA
  • Home fronts a canal
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of December 2021

Located on one of the best canal systems for boating in the Lower Keys, prestigious Summerland Key! Surrounded by multi million-dollar homes with excellent large boating access and a quick ride to the open water. Clean, flow through, deep draft canal with concrete stepdown seawall. Many upgrades to include recent metal roof, recent concrete plank siding, recent impact windows and doors, recent decking and railings. A colossal, screened porch off the living room allows additional space for entertaining. The kitchen has been updated with granite counters, ample cabinetry, and stainless appliances. The home is pre-FIRM with 2-bedrooms, 2 bathrooms upstairs and a spacious lower level with full bathroom (possible 3rd bedroom with separate entrance). The home has a garage and a carport. Summerland Key's private airport is nearby.

Last Agent to Sell the Property

Fred Mullins

Coldwell Banker Schmitt Real Estate Co. (KW) License #3048048 Listed on: 09/04/2021

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Elizabeth Eliot

Preferred Properties (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,354

Year Built

  • Built in 1974 | Remodeled

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 1,548 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Tile Flooring
  • Canal Views

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • Attached Garage
  • Carport
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Seawall
  • Screened Balcony
  • Deck
  • Patio
  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Satellite Dish
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00192090-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,354

Year Built

Built in 1974 | 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
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5354.39
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Open Parking, Garage, Carport
  • Year Built: 1974
  • Alternate Key Number: 1253961
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 7500.00
  • Porch Balcony: Deck, Screened P/B, Patio, Open Porch/Balcony
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1548.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Bar, Smoke Alarms, Walk-in Closet(s), Storage, Split Bedroom, Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Stainless Steel Appliance(s), Refrigerator, Microwave, Dryer
  • Floor: Tile
  • Windows/Doors: Aluminum Windows, Sliding Glass Doors, Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3
  • Accessibility Features: None

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Stucco
  • Exterior Features: Rain Gutters, Storage
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: Cable Available, Municipal Sewer, Satellite Dish, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00192090-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 4, 2021
Closed on
Dec 17, 2021
Sold by
Advanta Ira Services Llc
Bought by
Atkins Michael and Atlkins Ashley
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Elizabeth Eliot
Preferred Properties (KW)
List Price
$979,000
Sold Price
$800,000
Premium/Discount to List
-$179,000
-18.28%
Current Estimated Value
$1,150,701

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$350,701
Avg. Annual Appreciation
9.88%
Original Mortgage
$625,000
Outstanding Balance
$574,836
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$575,865

Purchase Details

Listed on
Jun 15, 2017
Closed on
Aug 25, 2017
Sold by
Wilmington Savings Fund Society Fsb
Bought by
Advanta Ira Services Llc and Barry Barrows Ira
Seller's Agent
Wade Stafford
All Florida Property Group, Inc.
Buyer's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$569,900
Sold Price
$550,000
Premium/Discount to List
-$19,900
-3.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.06%

Purchase Details

Closed on
Feb 21, 2017
Sold by
2010 3 Sfr Venture Llc
Bought by
Wilmington Savings Fund Society Fsb and Stanwich Mortgage Loan Trust

Purchase Details

Closed on
Jul 21, 2016
Sold by
Peterson James and Peterson Williams
Bought by
2010 13 Sfr Venture Llc

Purchase Details

Closed on
Sep 12, 2005
Sold by
Miller Dennis D
Bought by
Peterson James and Peterson William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Interest Rate
5.77%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jan 10, 2002
Sold by
John A Bollman I
Bought by
Miller Dennis D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$316,800
Interest Rate
6.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 2, 1994
Sold by
Jordan Jacob R
Bought by
Bollman John A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.81%

Purchase Details

Closed on
May 1, 1994
Bought by
Peterson William

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
7.81%

Purchase Details

Closed on
May 1, 1983
Bought by
Peterson William

Purchase Details

Closed on
Feb 1, 1976
Bought by
Peterson William
Source: Public Records

Range of Values:

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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
Atkins Michael $800,000 Oropeza Stones Cardenas Pllc
Advanta Ira Services Llc $550,000 Department Title Services Of
Wilmington Savings Fund Society Fsb -- Attorney
2010 13 Sfr Venture Llc -- Attorney
Peterson James $450,000 Turnkey Title Corporation
Miller Dennis D $396,000 --
Bollman John A $160,000 --
Jordan Jacob R -- --
Peterson William $160,000 --
Peterson William $135,000 --
Peterson William $50,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Atkins Michael $625,000
Previous Owner Peterson James $315,000
Previous Owner Miller Dennis D $316,800
Previous Owner Jordan Jacob R $90,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $800,000 -5.8% $517 / Sq Ft
10/25/2021 10/25/21 Price Changed $849,000 -8.6% $548 / Sq Ft
10/09/2021 10/09/21 Price Changed $929,000 -5.1% $600 / Sq Ft
09/04/2021 09/04/21 For Sale $979,000 +78.0% $632 / Sq Ft
08/25/2017 08/25/17 Sold $550,000 -3.5% $355 / Sq Ft View Prior Sale
08/15/2017 08/15/17 Pending -- -- --
06/15/2017 06/15/17 For Sale $569,900 -- $368 / 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 $8,969 $968,254 $606,825 $361,429
2023 $8,969 $1,015,379 $659,025 $356,354
2022 $7,371 $780,386 $508,950 $271,436
2021 $5,883 $588,295 $291,994 $296,301
2020 $5,354 $503,878 $277,313 $226,565
2019 $5,076 $471,998 $246,319 $225,679
2018 $5,206 $472,701 $261,000 $211,701
2017 $5,186 $475,253 $0 $0
2016 $4,923 $434,152 $0 $0
2015 $5,091 $476,017 $0 $0
2014 $4,655 $373,690 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Fred Mullins

    Seller's Agent in 2021

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    61 Total Sales

    Fred Mullins
    Section Image

  • E

    Buyer's Agent in 2021

    Elizabeth Eliot

    Preferred Properties (KW)

  • W

    Seller's Agent in 2017

    Wade Stafford

    All Florida Property Group, Inc.

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597627

Florida Keys Board of REALTORS®

APN: 00192090-000000

Florida Monroe County Summerland Key 33042

1042 Caribbean Dr E, Summerland Key, FL

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