NOT LISTED FOR SALE

117 Maracaibo Ln Summerland Key, FL 33042

Estimated Value: $1,043,537 - $1,278,000

4 Beds
2 Baths
1,920 Sq Ft
$579/Sq Ft Est. Value

Last Sold October 25, 2021

Last sale price $805,000 $419 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $6,454/month

67 Days on Market

Highlights

  • Dock made with concrete
  • Wood Flooring
  • Granite Countertops
  • Home fronts a canal
  • Lanai
  • No HOA

About This Home

As of October 2021

Location, location, location! Your Florida Keys Retreat awaits in desirable Cutthroat Harbor Estates. This charming 1,920 sq. ft. 4 Bedroom, 2 Bath stilted home sits on a corner canal lot with approximately 187' of waterfront! Updated kitchen with granite counters and stainless appliances. Large screened in balcony for enjoying the peaceful canal views. Perfectly located within walking distance to popular restaurants and just 30 minutes to Key West! Ample space for parking, attached garage and carport, concrete dock with davits. Bring your boat (s) for endless days on the water enjoying fishing, diving, & snorkeling just minutes off your dock!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 07/05/2021

Last Buyer's Agent

Stacey Pillari

Coldwell Banker Schmitt RE Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,894

Year Built

  • Built in 1987

Lot Details

  • 6,500 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 1,920 Sq Ft Home
  • Tray Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Doors
  • Wood Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Car Garage
  • Carport
  • Open Parking

Outdoor Features

  • Davits
  • Dock made with concrete
  • Screened Balcony
  • Lanai

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 00179230-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,894

Year Built

Built in 1987

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Key Island: Cudjoe Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 23.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5893.93
  • Title: Negotiable
  • Vehicle Storage: Carport, Open Parking, Garage
  • Vehicle Storage Cars: 4+
  • Year Built: 1987
  • Alternate Key Number: 1231240
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 6500.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1920.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Granite Counter Top, Tray Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Disposal
  • Floor: Wood
  • Windows/Doors: Glass Doors, Single Hung Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Combo Construction
  • Exterior Features: Lanai
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00179230-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 5, 2021
Closed on
Oct 25, 2021
Sold by
Underwood Penelope
Bought by
Laykish Terrence Charles and Laykish Maria Bates
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Stacey Pillari
Coldwell Banker Schmitt RE Co.
List Price
$1,099,000
Sold Price
$805,000
Premium/Discount to List
-$294,000
-26.75%
Current Estimated Value
$1,111,384

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$306,384
Avg. Annual Appreciation
7.88%
Original Mortgage
$608,350
Outstanding Balance
$552,345
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$559,039

Purchase Details

Closed on
Nov 15, 2004
Sold by
Farlinger James E and Farlinger Sharon L
Bought by
Underwood Penelope

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,000
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 11, 2003
Sold by
Davis John R and Davis Rebecca M
Bought by
Farlinger James E and Farlinger Sharon L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 1, 1987
Bought by
Underwood Penelope

Purchase Details

Closed on
Sep 1, 1986
Bought by
Underwood Penelope

Purchase Details

Closed on
Feb 1, 1974
Bought by
Underwood Penelope
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
Laykish Terrence Charles $805,000 Attorney
Underwood Penelope $675,000 True Title Agency Inc
Farlinger James E $480,000 True Title Agency Inc
Underwood Penelope $100,000 --
Underwood Penelope $11,000 --
Underwood Penelope $1,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Laykish Terrence Charles $608,350
Previous Owner Underwood Penelope $506,000
Previous Owner Farlinger James E $450,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/25/2021 10/25/21 Sold $805,000 -5.2% $419 / Sq Ft
09/07/2021 09/07/21 Price Changed $849,000 -5.6% $442 / Sq Ft
08/24/2021 08/24/21 Price Changed $899,000 -5.3% $468 / Sq Ft
08/19/2021 08/19/21 Price Changed $949,000 -3.1% $494 / Sq Ft
08/02/2021 08/02/21 Price Changed $979,000 -2.0% $510 / Sq Ft
07/14/2021 07/14/21 Price Changed $999,000 -9.1% $520 / Sq Ft
07/05/2021 07/05/21 For Sale $1,099,000 -- $572 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $8,057 $862,593 $558,025 $304,568
2024 $7,442 $855,052 $544,895 $310,157
2023 $7,442 $795,946 $508,788 $287,158
2022 $6,816 $714,970 $426,725 $288,245
2021 $5,806 $558,157 $295,425 $262,732
2020 $5,894 $562,408 $287,219 $275,189
2019 $5,578 $526,175 $244,546 $281,629
2018 $5,333 $486,004 $237,981 $248,023
2017 $5,183 $474,893 $0 $0
2016 $5,016 $443,976 $0 $0
2015 $4,781 $403,159 $0 $0
2014 $4,970 $403,464 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • S

    Buyer's Agent in 2021

    Stacey Pillari

    Coldwell Banker Schmitt RE Co.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596774

Florida Keys Board of REALTORS®

APN: 00179230-000000

Florida Monroe County Summerland Key 33042

117 Maracaibo Ln, Summerland Key, FL

Not Listed for Sale

Detached

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