NOT LISTED FOR SALE

1051 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,041,584 - $1,369,000

2 Beds
2 Baths
1,479 Sq Ft
$800/Sq Ft Est. Value

Last Sold November 21, 2013

Last sale price $359,000 $243 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $6,780/month

155 Days on Market

Highlights

  • Dock made with concrete
  • No HOA
  • Balcony
  • Home fronts a canal

About This Home

As of November 2013

Located in beautiful Summerland Key Cove. Deep draft boating with full concrete dock. 2 bd/2 ba with add'l rooms that could be used as bedrooms. Purchase this property for as little as 5% down. This property is approved for HomePath Renovation Mortgage Financing.

Last Agent to Sell the Property

Tommy & Kathleen Gomez

2150 Listed on: 02/12/2013

Last Buyer's Agent

Kathleen Gomez

Coldwell Banker Schmitt RE Co. License #3062069

Coldwell Banker Schmitt RE Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,743

Year Built

  • Built in 1986

Lot Details

  • 6,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Metal Roof
  • Stucco

Interior Spaces

  • 1,479 Sq Ft Home
  • Canal Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Covered Parking
  • Off-Street Parking

Outdoor Features

  • Dock made with concrete
  • Balcony

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 00191750-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,743

Year Built

Built in 1986

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: Other
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3742.95
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking
  • Year Built: 1986
  • Alternate Key Number: 1253642
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1479.00
  • Sewer Hook Up: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: No Appliances
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Stucco
  • Roof: Metal Roof
  • Waterview: Canal View

Utilities

  • Utilities: Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00191750-000000
  • Lot Size: 60 x 100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 12, 2013
Closed on
Nov 21, 2013
Sold by
Fannie Mae
Bought by
Iancu Michael
Seller's Agent
Tommy & Kathleen Gomez
2150
Buyer's Agent
Tommy & Kathleen Gomez
2150
List Price
$429,900
Sold Price
$359,000
Premium/Discount to List
-$70,900
-16.49%
Current Estimated Value
$1,183,396

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$824,396
Avg. Annual Appreciation
10.51%
Original Mortgage
$268,125
Outstanding Balance
$200,192
Interest Rate
4.26%
Mortgage Type
Construction
Estimated Equity
$983,204

Purchase Details

Closed on
Aug 10, 2012
Bought by
Iancu Michael

Purchase Details

Closed on
Jul 30, 2012
Sold by
Wilson Kristyne Ann and Wilson George Howard
Bought by
Bac Home Loans Servicing Lp

Purchase Details

Closed on
Oct 1, 1991
Bought by
Iancu Michael

Purchase Details

Closed on
Mar 1, 1983
Bought by
Iancu Michael

Purchase Details

Closed on
Dec 1, 1982
Bought by
Iancu Michael

Purchase Details

Closed on
Jul 1, 1980
Bought by
Iancu Michael
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
Iancu Michael $359,000 Stewart Title Company
Iancu Michael $100 --
Fannie Mae -- None Available
Bac Home Loans Servicing Lp -- None Available
Iancu Michael $175,000 --
Iancu Michael -- --
Iancu Michael -- --
Iancu Michael -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Iancu Michael $268,125
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/21/2013 11/21/13 Sold $359,000 -16.5% $243 / Sq Ft
07/17/2013 07/17/13 Pending -- -- --
02/12/2013 02/12/13 For Sale $429,900 -- $291 / 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 $6,658 $874,069 $558,000 $316,069
2023 $6,658 $912,509 $606,000 $306,509
2022 $5,964 $779,071 $468,000 $311,071
2021 $4,948 $507,887 $268,500 $239,387
2020 $4,523 $446,535 $255,000 $191,535
2019 $4,301 $421,026 $226,500 $194,526
2018 $4,548 $435,453 $240,000 $195,453
2017 $4,527 $437,623 $0 $0
2016 $4,274 $398,616 $0 $0
2015 $4,494 $438,626 $0 $0
2014 $4,116 $351,259 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2013

    Tommy & Kathleen Gomez

    2150

  • Kathleen Gomez

    Buyer's Agent in 2013

    Kathleen Gomez

    Coldwell Banker Schmitt RE Co.

    (305) 393-5158

    25 Total Sales

    Kathleen Gomez
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 560344

Florida Keys Board of REALTORS®

APN: 00191750-000000

Florida Monroe County Summerland Key 33042

1051 Caribbean Dr E, Summerland Key, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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