NOT LISTED FOR SALE

114 Cutlass Ln Summerland Key, FL 33042

Estimated Value: $773,036 - $988,000

3 Beds
2 Baths
1,008 Sq Ft
$867/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $355,000 $352 Per Sq Ft

Est. 145% increase in value since last sale

Current estimated payment $5,238/month

85 Days on Market

Highlights

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

About This Home

As of September 2014

Located on the corner of two canals with over 180 ft. of water frontage. This 3 bed/2bath home has newer cabinets and counters, stainless appliances and tile floors in kitchen/living area. Concrete dock with boat access to Atlantic or Gulf. Purchase this Fannie Mae home for as little as 5% down. Approved for HomePath mortgage and HomePath renovation mortgage.

Last Agent to Sell the Property

Tommy & Kathleen Gomez

2150 Listed on: 06/03/2014

Last Buyer's Agent

Diane Corliss

Realty Executives - Sugarloaf

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $3,830

Year Built

  • Built in 1996

Lot Details

  • 6,500 Sq Ft Lot
  • Home fronts a canal

Parking

  • Carport

Home Design

  • Metal Roof

Interior Spaces

  • 1,008 Sq Ft Home
  • Canal Views

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Dock made with concrete
  • Balcony
  • Shed

Utilities

  • Central Air
  • Aerobic Septic System

Community Details

  • No Home Owners Association
  • Cutthroat Harbor Est Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Assessor Parcel Number 00179860-000000

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$3,830

Year Built

Built in 1996

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Document Count: 4
  • Fee Includes: None
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Cudjoe Key
  • Limited Representation: No
  • Mile Marker: 23.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3829.83
  • Vehicle Storage: Carport
  • Year Built: 1996
  • Alternate Key Number: 1231878
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air
  • Lot Sq Ft: 6500.00
  • Porch Balcony: Open Porch/Balcony
  • Species List: Yes
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1008.00
  • Sewer Hook Up: No
  • Special Features: RealEstateOwned
  • Property Sub Type: MobileManufactured

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Floor: Carpet, Tile
  • Appliances Other: YES
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Modular
  • Exterior Features: Shed
  • Roof: Metal Roof
  • Waterview: Canal View

Utilities

  • Utilities: Aerobic System

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00179860-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 3, 2014
Closed on
Sep 29, 2014
Sold by
Fannie Mae
Bought by
Devault Elizabeth Grimes
Seller's Agent
Tommy & Kathleen Gomez
2150
Buyer's Agent
Diane Corliss
Realty Executives - Sugarloaf
List Price
$350,000
Sold Price
$355,000
Premium/Discount to List
$5,000
1.43%
Current Estimated Value
$868,864

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$513,864
Avg. Annual Appreciation
8.77%
Original Mortgage
$215,000
Outstanding Balance
$167,477
Interest Rate
4.15%
Mortgage Type
New Conventional
Estimated Equity
$717,967

Purchase Details

Closed on
Mar 27, 2014
Sold by
Roof Franklin B and Roof Paige H
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Mar 17, 2014
Sold by
Roof Franklin B and Roof Paige H
Bought by
Fannie Mae and Federal National Mortgage Association

Purchase Details

Closed on
Sep 28, 2007
Sold by
Bradbury Robert W and Bradbury Judy E
Bought by
Roof Franklin B and Roof Paige H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$348,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 31, 2004
Sold by
Bradbury Robert W and Bradbury Judy E
Bought by
Bradbury Robert W and Bradbury Judy E

Purchase Details

Closed on
May 10, 2001
Sold by
Francis M Kaiven M and Francis Marguerite G
Bought by
Bradbury Robert W and Bradbury Judy E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 22, 2000
Sold by
Turner Hugh and Turner Dolores
Bought by
Kaiven Francis M and Kaiven Marguerite G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$152,500
Interest Rate
8.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 25, 1999
Sold by
Pr Christine Puto
Bought by
Turner Hugh

Purchase Details

Closed on
Jul 12, 1996
Sold by
Krause Gerold W
Bought by
Paxton Charles W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$45,000
Interest Rate
7.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 21, 1995
Sold by
Baumler John W
Bought by
Sullivan Brian N and Krause Gerold W

Purchase Details

Closed on
Apr 1, 1989
Bought by
Devalut Elizabeth Grimes
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
Devault Elizabeth Grimes $355,000 True Title Agency Inc
Fannie Mae -- None Available
Fannie Mae -- None Available
Roof Franklin B $435,000 Chicago Title Of Fl Keys Inc
Bradbury Robert W -- --
Bradbury Robert W $210,000 --
Kaiven Francis M $192,500 --
Turner Hugh -- --
Paxton Charles W $155,000 --
Krause Gerold W $100 --
Sullivan Brian N $30,000 --
Devalut Elizabeth Grimes $24,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Devault Elizabeth Grimes $215,000
Previous Owner Roof Franklin B $348,000
Previous Owner Bradbury Robert W $160,750
Previous Owner Sullivan Brian N $160,000
Previous Owner Sullivan Brian N $152,500
Previous Owner Sullivan Brian N $45,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $355,000 +1.4% $352 / Sq Ft
08/27/2014 08/27/14 Pending -- -- --
06/03/2014 06/03/14 For Sale $350,000 -- $347 / 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 $5,768 $725,203 $544,895 $180,308
2023 $5,768 $680,740 $508,788 $171,952
2022 $5,270 $601,162 $426,725 $174,437
2021 $4,829 $451,044 $295,425 $155,619
2020 $4,810 $444,803 $287,219 $157,584
2019 $4,496 $409,342 $244,546 $164,796
2018 $4,550 $403,919 $237,981 $165,938
2017 $4,303 $391,237 $0 $0
2016 $4,095 $361,265 $0 $0
2015 $3,853 $311,400 $0 $0
2014 $4,060 $322,494 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2014

    Tommy & Kathleen Gomez

    2150

  • D

    Buyer's Agent in 2014

    Diane Corliss

    Realty Executives - Sugarloaf

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 564432

Florida Keys Board of REALTORS®

APN: 00179860-000000

Florida Monroe County Summerland Key 33042

114 Cutlass Ln, Summerland Key, FL

This home is located at 114 Cutlass Ln, Summerland Key, FL 33042 since 03 June 2014 and is currently estimated at $874,259, approximately $867 per square foot. This property was built in 1996. 114 Cutlass Ln is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

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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