NOT LISTED FOR SALE

11850 Rye Key Dr Cedar Key, FL 32625

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

0.35 Acre
$1,351,466 Price per Acre
15,246 Sq Ft Lot

Last Sold February 09, 2018

Last sale price $121,100

Est. 291% increase in value since last sale

Current estimated payment $3,201/month

208 Days on Market

Highlights

  • Waterfront
  • No HOA
  • 1-minute walk to Cedar Key Museum State Park

About This Lot

As of February 2018

Gulf front property with views of the sunsets over the Gulf of Mexico. Common area in this gated PRIVATE community of RYE KEY includes a deep water canal with plans for a new dock . The home next door is also for sale by the same owner. *******MORE PICTURES MLS# 401964 358598 270050 Open Builder.

Last Agent to Sell the Property

David Nicholson

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

Last Buyer's Agent

David Nicholson

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

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,530

Lot Details

  • 0.35 Acre Lot
  • Waterfront
  • Cleared Lot

Community Details

  • No Home Owners Association
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Assessor Parcel Number 16521-000-00

Property Details

Property Type

Land

Est. Annual Taxes

$2,530

Lot Details

0

Listing Details

  • Property Type: Land
  • Lot Size Acres: 0.35
  • Lot Size Sq Ft: 15246
  • Status: Sold
  • RATIO Current Price By Calculate: 7.94
  • Total Acreage: 1/4 to less than 1/2
  • AG Exemption YN: 0
  • Tax Year: 2014
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Living Area Units: Square Feet

Exterior Features

  • Waterfront: Yes
  • Disclosures: None

Utilities

  • Utilities: Electricity Available

Condo/Co-op/Association

  • Community Features: Deed Restrictions
  • Association: No
  • Association Fee Requirement: None

Lot Info

  • Parcel Number: 16521-000-00
  • Current Use: Residential
  • Lot Features: Cleared, Other
  • Current Adjacent Use: Residential

Tax Info

  • Tax Annual Amount: 2530

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 5, 2021
Sold by
Fussell Gregory L and Fussell Paula V
Bought by
Karle Daniel Thomas and Karle Norma Watson
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.
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 $121,000 -- --
02/09/2018 02/09/18 Sold $121,100 +0.1% -- View Prior Sale
02/09/2018 02/09/18 Sold $121,000 -17.7% --
01/10/2018 01/10/18 Pending -- -- --
12/16/2017 12/16/17 Pending -- -- --
05/22/2017 05/22/17 For Sale $147,000 0.0% --
01/19/2016 01/19/16 For Sale $147,000 -- --
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 2018

    David Nicholson

    DAWN REALTY

    (352) 215-2344

    27 Total Sales

    David Nicholson
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Map

Source: Stellar MLS

MLS Number: GC405342

Stellar MLS

APN: 16520-000-00

Florida Levy County Cedar Key 32625

11850 Rye Key Dr, Cedar Key, FL

Not Listed for Sale

Lots

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Listing Information presented by local MLS brokerage: Ten-X - (888)-952-6393

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