NOT LISTED FOR SALE

1071 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,012,463 - $1,259,000

2 Beds
2 Baths
1,152 Sq Ft
$965/Sq Ft Est. Value

Last Sold February 25, 2016

Last sale price $500,000 $434 Per Sq Ft

Est. 122% increase in value since last sale

Current estimated payment $6,380/month

2 Days on Market

Highlights

  • Airstrip
  • Home fronts a canal
  • Workshop
  • Spa
  • No HOA
  • Screened Balcony

About This Home

As of February 2016

Location, location... This concrete block 2 bedroom, 2 bath home is located in the desirable subdivision of SUMMERLAND Key Cove. Open floor plan, metal roof. Walk-in closets. Amazing boating on this flow-through canal. Quick access to the Ocean or Gulf. Deep draft, no bridges. Hot tub included.Note: the house next door is also for sale if you'd like side by side residences.

Last Agent to Sell the Property

Donna Pezzi

Coldwell Banker Schmitt RE Co. Listed on: 01/08/2016

Last Buyer's Agent

Donna Pezzi

Keller Williams Key West Compass Realty License #3226338

Keller Williams Key West Compass Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,872

Year Built

  • Built in 1982

Lot Details

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

Home Design

  • Metal Roof

Interior Spaces

  • 1,152 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Workshop
  • Storage
  • Utility Room
  • Canal Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 4 Car Attached Garage
  • Carport

Outdoor Features

  • Spa
  • Airstrip
  • Davits
  • Seawall
  • Screened Balcony
  • Screened Patio
  • Shed

Utilities

  • Central Air
  • Septic Tank

Community Details

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00191730-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,872

Year Built

Built in 1982

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2871.68
  • Title: Negotiable
  • Vehicle Storage: Attached, Detached, Covered Parking, Carport
  • Vehicle Storage Cars: 4+
  • Year Built: 1982
  • Alternate Key Number: 1253626
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Screened P/B, Screened Patio
  • Shutters: Accordion, Roll Down Manual
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1152.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Smoke Alarms, Window Treatments, Walk-in Closet(s), Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Dryer
  • Specialty Rooms: Utility Room, Workshop
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 2
  • Sq Ft Remarks: 1152

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Shed, Hot Tub
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00191730-000000
  • Lot Size: 60'x100'
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2016
Closed on
Feb 25, 2016
Sold by
Rohde William C and Rohde Janice J
Bought by
Silversmith Jessica S and Mahaffey David R
Seller's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
List Price
$540,000
Sold Price
$500,000
Premium/Discount to List
-$40,000
-7.41%
Current Estimated Value
$1,111,366

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$611,366
Avg. Annual Appreciation
8.60%
Original Mortgage
$400,000
Outstanding Balance
$319,410
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$791,956

Purchase Details

Closed on
Jul 19, 1995
Sold by
Gill Robert S and Gill Cheryl
Bought by
Rohde William C and Rohde Janice J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
7.43%

Purchase Details

Closed on
Jul 1, 1986
Bought by
Silversmith Jessica S

Purchase Details

Closed on
Jul 1, 1980
Bought by
Silversmith Jessica S
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
Silversmith Jessica S $500,000 True Title Agency Inc
Rohde William C $225,000 --
Silversmith Jessica S $132,000 --
Silversmith Jessica S $20,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Silversmith Jessica S $400,000
Previous Owner Rohde William C $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/25/2016 02/25/16 Sold $500,000 -7.4% $434 / Sq Ft
01/10/2016 01/10/16 Pending -- -- --
01/08/2016 01/08/16 For Sale $540,000 -- $469 / 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 $6,760 $837,776 $558,000 $279,776
2023 $6,760 $877,016 $606,000 $271,016
2022 $6,079 $745,407 $468,000 $277,407
2021 $5,403 $513,903 $268,500 $245,403
2020 $5,127 $479,234 $255,000 $224,234
2019 $4,966 $460,074 $226,500 $233,574
2018 $4,994 $450,510 $240,000 $210,510
2017 $4,721 $426,061 $0 $0
2016 $2,797 $257,258 $0 $0
2015 $2,872 $255,470 $0 $0
2014 $2,947 $253,442 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Donna Pezzi

    Coldwell Banker Schmitt RE Co.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 569475

Florida Keys Board of REALTORS®

APN: 00191730-000000

Florida Monroe County Summerland Key 33042

1071 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.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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