NOT LISTED FOR SALE

119 Lake Dr S Summerland Key, FL 33042

Estimated Value: $840,000 - $915,000

2 Beds
2 Baths
960 Sq Ft
$930/Sq Ft Est. Value

Last Sold June 24, 2021

Last sale price $655,000 $682 Per Sq Ft

Est. 36% increase in value since last sale

Current estimated payment $5,301/month

60 Days on Market

Highlights

  • Airstrip
  • RV Parking in Community
  • Furnished
  • RV or Boat Parking
  • Home fronts a canal
  • No HOA

About This Home

As of June 2021

Aviator/Boaters Dream Property! 210 feet of concrete seawalls, with boat davits, fishing cleaning table, flood lights, outdoor shower and Spring poles for boat docking. 9,000 sq foot Corner lot located at the end of dead end of the street. Two Bedroom One Bath Stilted Single Family Home. Downstairs has a full bathroom, complete work shop, storage and a pull thru breeze way. Property is located with direct access to Summerland Airport Runway. S Lake Dr historically has been a Taxiway and you can park your plane under the house. Very strong house ''Irma Survivor'' only cosmetic damage and equipped with strong accordion shutters all around and a metal roof. Brand new A/C end of Dec 2020 and all new gravel in front yard and driveway, newly painted deck for Plane

Last Agent to Sell the Property

Lara Rutskin

Coldwell Banker Schmitt Real Estate Co. License #3228642 Listed on: 03/12/2021

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Lara Rutskin

Coldwell Banker Schmitt Real Estate Co. License #3228642 Listed on: 03/12/2021

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,226

Year Built

  • Built in 1977

Lot Details

  • 9,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 960 Sq Ft Home
  • Furnished
  • Awning
  • Double Hung Windows
  • Blinds
  • Sliding Doors
  • Workshop
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Covered Parking
  • RV or Boat Parking

Outdoor Features

  • Airstrip
  • Airplane Hangar
  • Davits
  • Seawall
  • Balcony
  • Shed

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Other Tax Exemptions
  • Assessor Parcel Number 00190030-000000

Community Details

Overview

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • RV Parking in Community

Recreation

  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,226

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock Length: 210
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2226.23
  • Vehicle Storage: Airplane Hanger, RV Parking Open, Trailer Storage, Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1977
  • Alternate Key Number: 1251984
  • Cooling Heating: Central Air, Heat
  • Lot Sq Ft: 9000.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: Disability
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 960.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Split Bedroom, Walk-in Closet(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Freezer, Dryer
  • Floor: Carpet, Tile, Laminate
  • Specialty Rooms: Other, Workshop
  • Windows/Doors: Awning Windows, Sliding Glass Doors, Double Hung Windows
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00190030-000000
  • Lot Size: 150 x 60
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.21

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2021
Closed on
Jun 24, 2021
Sold by
Cain Walter H
Bought by
Venne Manon and Vigneault Josee
Seller's Agent
Lara Rutskin
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Lara Rutskin
Coldwell Banker Schmitt Real Estate Co.
List Price
$725,000
Sold Price
$655,000
Premium/Discount to List
-$70,000
-9.66%
Current Estimated Value
$893,138

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,138
Avg. Annual Appreciation
7.46%

Purchase Details

Closed on
Feb 11, 2011
Sold by
Deutsche Bank National Trust Company
Bought by
Cain Walter H

Purchase Details

Closed on
Jun 22, 2010
Sold by
Benedict Marc A and Benedict Sandra
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jan 15, 2004
Sold by
Rahn Linda
Bought by
Benedict Marc A and Benedict Sandra

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$332,500
Interest Rate
5.37%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 29, 2001
Sold by
Mccroskey Joyce I
Bought by
Rahn Linda

Purchase Details

Closed on
Feb 1, 1976
Bought by
Cain Walter H
Source: Public Records

Range of Values:

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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
Venne Manon $655,000 Attorney
Cain Walter H $215,000 Attorney
Deutsche Bank National Trust Company $354,700 Attorney
Benedict Marc A $475,000 True Title Agency Inc
Rahn Linda $280,000 --
Cain Walter H $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Benedict Marc A $332,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/24/2021 06/24/21 Sold $655,000 -5.8% $682 / Sq Ft
05/11/2021 05/11/21 Pending -- -- --
03/30/2021 03/30/21 Price Changed $695,000 -4.1% $724 / Sq Ft
03/12/2021 03/12/21 For Sale $725,000 -- $755 / 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 $6,733 $864,643 $579,150 $285,493
2023 $6,733 $810,581 $537,030 $273,551
2022 $5,774 $592,251 $315,900 $276,351
2021 $2,338 $302,333 $0 $0
2020 $2,323 $298,159 $0 $0
2019 $2,226 $282,842 $0 $0
2018 $2,287 $286,566 $0 $0
2017 $2,228 $280,672 $0 $0
2016 $2,236 $274,900 $0 $0
2015 $2,296 $272,989 $0 $0
2014 $2,350 $270,822 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lara Rutskin

    Coldwell Banker Schmitt Real Estate Co.

    (305) 240-4905

    39 Total Sales

    Lara Rutskin
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 595119

Florida Keys Board of REALTORS®

APN: 00190030-000000

Florida Monroe County Summerland Key 33042

119 Lake Dr S, Summerland Key, FL

This home is located at 119 Lake Dr S, Summerland Key, FL 33042 since 12 March 2021 and is currently estimated at $893,138, approximately $930 per square foot. This property was built in 1977. 119 Lake Dr S 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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