NOT LISTED FOR SALE

11850 Rye Key Dr Cedar Key, FL 32625

Estimated Value: $362,000 - $534,000

2 Beds
2 Baths
1,152 Sq Ft
$411/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $336,650 $292 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $3,216/month

1,288 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Deck
  • Traditional Architecture
  • Gated Community
  • Vaulted Ceiling
  • 1-minute walk to Cedar Key Museum State Park

About This Home

As of February 2021

This gulf front home has a magnificent view of Sunsets in the Gulf of Mexico from any room in the house including large screened-in porch and outside deck area. Rye Key is the only gated community in Cedar Key. The home has a new metal roof and the home is move in ready with furniture and appliances included. Home has recently been updated with laminated wood and tile floors. Located in the only gated community on Rye Key. Parking area under the home includes enclosed storage area with new shelving. The exterior has recently been re-painted.

Last Agent to Sell the Property

David Nicholson

DAWN REALTY License #0552115 Listed on: 05/22/2017

Co-Listed By

Kara Butcher

EXIT REALTY PRODUCERS License #3432019

Last Buyer's Agent

Anna King

COOKIE KING REAL ESTATE, INC License #3107526

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,235

Year Built

  • Built in 1980

Lot Details

  • 0.5 Acre Lot
  • Property fronts gulf or ocean
  • Irregular Lot

HOA Fees

  • $15 Monthly HOA Fees

Parking

  • Carport

Home Design

  • Traditional Architecture
  • Metal Roof
  • Wood Siding
  • Pile Dwellings

Interior Spaces

  • 1,152 Sq Ft Home
  • Vaulted Ceiling
  • Ceiling Fan
  • Great Room
  • Storage Room
  • Vinyl Flooring

Kitchen

  • Eat-In Kitchen
  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Covered Patio or Porch

Utilities

  • Central Air
  • Heat Pump System
  • Electric Water Heater
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 16520-000-00

Community Details

Overview

  • Rey Key Assoc Association, Phone Number (352) 215-2344

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,235

Year Built

Built in 1980

Lot Details

0

HOA Fees

$15 per month

Listing Details

  • HOA Fee Includes: Other
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Other, Traditional
  • Construction Materials: Wood Siding
  • Living Area: 1152
  • Lot Size Acres: 0.5
  • Year Built: 1980
  • Building Area Total: 1152
  • Lot Size Sq Ft: 21780
  • Status: Sold
  • Co List Office Mls Id: MFR259500792
  • Co List Office Phone: 352-318-4580
  • ResoBuildingAreaSource: PublicRecords
  • RATIO Current Price By Calculate: 292.23
  • Total Acreage: 1/2 to less than 1
  • Barn Features: None
  • Tax Year: 2019
  • Special Features: None

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Vinyl
  • Full Bathrooms: 2
  • Interior Amenities: Ceiling Fans(s), Eat-in Kitchen, Split Bedroom, Vaulted Ceiling(s)
  • Appliances Included: Dishwasher, Dryer, Electric Water Heater, Oven, Refrigerator, Washer
  • Foundation Details: Stilt/On Piling
  • Total Bedrooms: 2
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Great Room,Storage Rooms
  • Living Area Meters: 107.02

Exterior Features

  • Roof: Metal
  • Pool Private: No
  • Waterfront: Yes
  • Patio and Porch Features: Covered, Deck
  • Road Surface Type: Paved
  • Disclosures: Other Disclosures

Garage/Parking

  • Carport Y N: Yes
  • Garage Yn: No

Utilities

  • Cooling: Central Air
  • Heating: Heat Pump
  • Sewer: Septic Tank

Condo/Co-op/Association

  • Community Features: Gated
  • Association Amenities: Gated
  • Association Fee: 180
  • Association Fee Frequency: Annually
  • Association Name: rey key assoc
  • Phone: 352-215-2344
  • Association: Yes
  • Association Fee Requirement: Required

Lot Info

  • Parcel Number: 16520-000-00
  • Lot Features: Irregular Lot

Tax Info

  • Tax Annual Amount: 5235

Multi Family

  • Waterfront Features: Gulf/Ocean

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 22, 2017
Closed on
Feb 5, 2021
Sold by
Fussell Gregory L and Fussell Paula V
Bought by
Karle Daniel Thomas and Karle Norma Watson
Seller's Agent
David Nicholson
DAWN REALTY
Buyer's Agent
Anna King
COOKIE KING REAL ESTATE, INC
List Price
$378,000
Sold Price
$336,650
Premium/Discount to List
-$41,350
-10.94%
Current Estimated Value
$473,013

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$136,363
Avg. Annual Appreciation
7.17%
Original Mortgage
$257,400
Outstanding Balance
$233,253
Interest Rate
3.75%
Mortgage Type
New Conventional
Estimated Equity
$239,760

Purchase Details

Closed on
Nov 7, 2005
Sold by
Ellis Jeffrey C and Ellis Heidi M
Bought by
Fussell Gregory L and Fussell Paula V

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
5.76%

Purchase Details

Closed on
Jul 21, 2004
Sold by
Hughston Jack C
Bought by
Ellis Jeffrey C and Ellis Heidi M
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Karle Daniel Thomas $336,700 Attorney
Fussell Gregory L $750,000 Levy Abstract & Title Co
Ellis Jeffrey C $575,000 Levy Abstract & Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Karle Daniel Thomas $257,400
Previous Owner Fussell Gregory L $600,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/06/2021 12/06/21 Off Market $336,650 -- --
02/05/2021 02/05/21 Sold $336,650 0.0% $292 / Sq Ft View Prior Sale
02/05/2021 02/05/21 Sold $336,650 -10.9% $292 / Sq Ft
01/06/2021 01/06/21 Pending -- -- --
11/30/2020 11/30/20 Pending -- -- --
05/22/2017 05/22/17 For Sale $378,000 0.0% $328 / Sq Ft
01/19/2016 01/19/16 For Sale $378,000 -- $328 / Sq Ft
Source: Stellar MLS

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 $8,757 $391,003 $133,000 $258,003
2024 $8,757 $411,221 $133,000 $278,221
2023 $8,400 $368,375 $0 $0
2022 $7,339 $327,598 $133,000 $194,598
2021 $5,994 $289,809 $133,000 $156,809
2020 $5,357 $238,830 $0 $0
2019 $5,236 $230,927 $0 $0
2018 $5,380 $230,927 $0 $0
2017 $5,104 $221,689 $0 $0
2016 $5,201 $221,689 $0 $0
2015 $5,042 $218,672 $0 $0
2014 $4,852 $208,353 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Nicholson

    Seller's Agent in 2021

    David Nicholson

    DAWN REALTY

    (352) 215-2344

    27 Total Sales

    David Nicholson
    Section Image
  • Joshua Benson

    Seller's Agent in 2021

    Joshua Benson

    Dawn Realty

    (352) 318-4580

    74 Total Sales

    Joshua Benson
    Section Image

  • K

    Seller Co-Listing Agent in 2021

    Kara Butcher

    EXIT REALTY PRODUCERS

    (352) 213-1732

    21 Total Sales

    Kara Butcher
    Section Image
  • Anna King

    Buyer's Agent in 2021

    Anna King

    COOKIE KING REAL ESTATE, INC

    (352) 339-0901

    162 Total Sales

    Anna King
    Section Image
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Map

Source: Stellar MLS

MLS Number: GC405339

Stellar MLS

APN: 16520-000-00

Florida Levy County Cedar Key 32625

11850 Rye Key Dr, Cedar Key, FL

Not Listed for Sale

Detached

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