NOT LISTED FOR SALE

114 Palm Ln Islamorada, FL 33036

Estimated Value: $916,000 - $1,526,000

6 Beds
4.5 Baths
2,633 Sq Ft
$435/Sq Ft Est. Value

Last Sold November 29, 2018

Last sale price $615,000 $234 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $6,274/month

65 Days on Market

Highlights

  • In Ground Pool
  • Cathedral Ceiling
  • Tile Flooring
  • Plantation Key School Rated A-
  • No HOA
  • 1-minute walk to Indian Key

About This Home

As of November 2018

Casa Thorn is a unique and whimsically decorated home that had been used as a bed and breakfast. With current regulations this home will not be able to be used as a BnB. The layout of the home is similar to a villa in Mexico, and has separate living spaces and a large area for gathering in the kitchen and living room. The home has a pool, rooftop deck, and sits on a large 10,000 square foot lot. The sale is part of an estate, and any contract must have court approval.I highly recommend coming to see the house, photographs aren't going to be able to tell you the whole story!

Last Agent to Sell the Property

John Gallant

Engel & Volkers Islamorada License #3456455 Listed on: 08/22/2018

Engel & Volkers Islamorada

Last Buyer's Agent

John Gallant

Blue 9 Realty, Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,349

Year Built

  • Built in 1975

Lot Details

  • 10,500 Sq Ft Lot
  • Privacy Fence
  • Fenced

Parking

  • Off-Street Parking

Interior Spaces

  • 2,633 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Utilities

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

Additional Features

  • In Ground Pool
  • Ground Level

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00413560-000000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Plant Beach Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,349

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Mile Marker: 87.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3349.46
  • Vehicle Storage: Off Street Parking
  • Year Built: 1975
  • Alternate Key Number: 1507776
  • Building Style: Ground Level, Other Bldg Style
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 10500.00
  • Pool Info: In Ground
  • Porch Balcony: Roof Top Deck
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2633.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Cathedral Ceilings, Drapes/Blinds Incl
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Range, Washer, Refrigerator, Freezer, Oven, Dryer
  • Floor: Other, Tile
  • Half Bathrooms: 1
  • Total Bedrooms: 6

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Other
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Roof: Other Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00413560-000000
  • Land Size: More than 1 Lot
  • Acres: 0.24

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 3, 2022
Sold by
Hall Jennifer R
Bought by
Wampler Samuel A and Wampler Sabrina K
Current Estimated Value
$1,144,071

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$670,000
Outstanding Balance
$627,326
Interest Rate
4.42%
Mortgage Type
New Conventional
Estimated Equity
$516,745

Purchase Details

Listed on
Aug 22, 2018
Closed on
Nov 8, 2018
Sold by
Lopedota Sylvia and Estate Of Thorn Trainer
Bought by
Hall Jennifer R
Seller's Agent
John Gallant
Engel & Volkers Islamorada
Buyer's Agent
John Gallant
Engel & Volkers Islamorada
List Price
$680,000
Sold Price
$615,000
Premium/Discount to List
-$65,000
-9.56%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.04%
Original Mortgage
$492,000
Interest Rate
4.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1984
Bought by
Trainer Thorn

Purchase Details

Closed on
May 1, 1981
Bought by
Trainer Thorn

Purchase Details

Closed on
Dec 1, 1977
Bought by
Trainer Thorn
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Wampler Samuel A $795,000 Coral Reef Title
Hall Jennifer R $615,000 Dba Florida Title Of The Key
Trainer Thorn $63,000 --
Trainer Thorn $53,000 --
Trainer Thorn $36,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wampler Samuel A $670,000
Previous Owner Hall Jennifer R $492,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/29/2018 11/29/18 Sold $615,000 -9.6% $234 / Sq Ft
10/26/2018 10/26/18 Pending -- -- --
08/22/2018 08/22/18 For Sale $680,000 -- $258 / 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
2025 $4,002 $387,444 -- --
2024 $3,971 $376,525 -- --
2023 $3,971 $365,559 $0 $0
2022 $7,049 $758,142 $392,123 $366,019
2021 $6,310 $551,976 $231,709 $320,267
2020 $6,310 $549,567 $229,163 $320,404
2019 $6,192 $526,490 $201,600 $324,890
2018 $4,482 $398,858 $0 $0
2017 $4,302 $398,645 $0 $0
2016 $4,301 $379,670 $0 $0
2015 $4,071 $362,572 $0 $0
2014 $3,871 $331,531 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 581572

Florida Keys Board of REALTORS®

APN: 00413560-000000