NOT LISTED FOR SALE

1062 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,082,000 - $1,568,000

3 Beds
2 Baths
2,237 Sq Ft
$541/Sq Ft Est. Value

Last Sold February 20, 2018

Last sale price $525,000 $235 Per Sq Ft

Est. 131% increase in value since last sale

Current estimated payment $6,878/month

31 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • Screened Balcony
  • Boat Lift
  • No HOA
  • Complete Accordion Shutters

About This Home

As of February 2018

Prestigious Summerland Key Cove home offers great boating, cement seawall, boat lift and an open floor plan. Excellent outdoor area with plenty of room for a pool. Enjoy the laid back lifestyle relaxing on your screened in porch overlooking the flow through turquoise canal after a full day of Keys fun! Large permitted bonus area downstairs. Post Irma repairs include a new metal roof, new washer, dryer and refrigerator. Some exterior cosmetic work is in progress.

Last Agent to Sell the Property

Nira Tocco

Prestige Realty BPK Listed on: 01/01/2018

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,708

Year Built

  • Built in 1977

Lot Details

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

Parking

  • Carport

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,237 Sq Ft Home
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Boat Lift
  • Dock made with concrete
  • Screened Balcony

Utilities

  • Central Air

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 00191690-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,708

Year Built

Built in 1977

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 Dock: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • 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: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3707.93
  • Title: Negotiable
  • Vehicle Storage: Carport, Covered Parking
  • Year Built: 1977
  • Alternate Key Number: 1253588
  • Cooling Heating: Central Air
  • Lot Sq Ft: 7500.00
  • Porch Balcony: Screened P/B
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2237.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00191690-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 19, 2023
Sold by
Lingo Kenneth King and Lingo Carol Conoway
Bought by
Summerland Cove Llc
Current Estimated Value
$1,210,871

Purchase Details

Listed on
Jan 1, 2018
Closed on
Feb 20, 2018
Sold by
Gerwig Charles H and Gerwig Charles H
Bought by
Lngo Kenneth King and Lngo Carol Conoway
Seller's Agent
Nira Tocco
Prestige Realty BPK
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$590,000
Sold Price
$525,000
Premium/Discount to List
-$65,000
-11.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.50%

Purchase Details

Closed on
Jul 31, 2007
Sold by
Higham Michael E and Higham Michael E
Bought by
Gerwig Charles H

Purchase Details

Closed on
Jul 6, 2005
Sold by
Hummel Daniel and Grajewski Richard
Bought by
Higham Michael E and Higham Michael E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2003
Sold by
Younce Jackie Lee
Bought by
East Caribbean Llc

Purchase Details

Closed on
Nov 6, 1998
Sold by
Williams A Joyner Tr
Bought by
Younce Jackie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,750
Interest Rate
6.65%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1984
Bought by
Gerwig Charles H

Purchase Details

Closed on
Mar 1, 1981
Bought by
Gerwig Charles H

Purchase Details

Closed on
Feb 1, 1980
Bought by
Gerwig Charles H
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
Summerland Cove Llc -- None Listed On Document
Lngo Kenneth King $525,000 Attorney
Gerwig Charles H $655,000 Chicago Title Of The Florida
Higham Michael E $940,000 True Title Agency Inc
Hummell Daniel -- True Title Agency Inc
East Caribbean Llc $415,000 Chicago Title Of The Florida
Younce Jackie L $217,000 --
Gerwig Charles H $131,500 --
Gerwig Charles H $150,000 --
Gerwig Charles H $135,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Higham Michael E $540,000
Previous Owner Younce Jackie L $162,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/20/2018 02/20/18 Sold $525,000 -11.0% $235 / Sq Ft
02/01/2018 02/01/18 Pending -- -- --
01/01/2018 01/01/18 For Sale $590,000 -- $264 / 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 $6,478 $847,330 $606,825 $240,505
2023 $6,478 $896,921 $659,025 $237,896
2022 $5,763 $751,977 $508,950 $243,027
2021 $5,050 $508,458 $291,994 $216,464
2020 $4,887 $496,244 $277,313 $218,931
2019 $4,445 $436,525 $246,319 $190,206
2018 $4,832 $465,199 $261,000 $204,199
2017 $3,685 $390,191 $0 $0
2016 $3,708 $382,166 $0 $0
2015 $3,818 $379,509 $0 $0
2014 $3,939 $376,497 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2018

    Nira Tocco

    Prestige Realty BPK

  • Lisa Ferringo

    Buyer's Agent in 2018

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    600 Total Sales

    Lisa Ferringo
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 578095

Florida Keys Board of REALTORS®

APN: 00191690-000000

Florida Monroe County Summerland Key 33042

1062 Caribbean Dr E, Summerland Key, FL

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