NOT LISTED FOR SALE

120 Cutlass Ln Summerland Key, FL 33042

Estimated Value: $1,080,000 - $1,472,779

2 Beds
2 Baths
1,224 Sq Ft
$1,070/Sq Ft Est. Value

Last Sold August 15, 2013

Last sale price $349,000 $285 Per Sq Ft

Est. 249% increase in value since last sale

Current estimated payment $7,327/month

30 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • Cathedral Ceiling
  • Boat Slip
  • Deck
  • No HOA

About This Home

As of August 2013

2/1 up and 2/1 down. Great canal with cut in boat slip. Concrete dock and davits Extra large tropical lot on quiet street. Downstairs was permitted in 1971/72 as habitable space only for workshop, utility room and bathroom. No permits for bedrooms in ground floor. 50% rule may apply to bedrooms for a permit. Buyer to verify.

Last Agent to Sell the Property

Deb Bennett

LoKation Real Estate License #419141 Listed on: 06/12/2013

Last Buyer's Agent

Wanda Brock

Coldwell Banker Schmitt Real Estate Co. License #3085878

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,720

Year Built

  • Built in 1972

Lot Details

  • 0.28 Acre Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Shingle Roof

Interior Spaces

  • 1,224 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Carport
  • Open Parking

Outdoor Features

  • Boat Slip
  • Dock made with concrete
  • Deck

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Septic Tank

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 00179840-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,720

Year Built

Built in 1972

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Document Count: 2
  • Fee Includes: None
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Cudjoe Key
  • Limited Representation: No
  • Mile Marker: 23.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4720.37
  • Title: Title Ins - Seller
  • Vehicle Storage: Carport, Open Parking
  • Year Built: 1972
  • Alternate Key Number: 1231851
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 12024.00
  • Porch Balcony: Deck, No Porch/Balcony
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1224.00
  • Sewer Hook Up: No
  • Special Features: RealEstateOwned
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Oven, Refrigerator
  • Floor: Tile
  • Windows/Doors: Other Windows/Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Slip
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: Buyer to Verify, Elect Separate Meter, Water Separate Meter, Septic Tank, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00179840-000000
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2017
Sold by
Maffei Deborah and March David
Bought by
Mills Kathy Ann
Current Estimated Value
$1,217,785

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$524,000
Interest Rate
3.88%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 12, 2013
Closed on
Jul 26, 2013
Sold by
Deutsche Bank National Trust Company
Bought by
Maffei Deborah
Seller's Agent
Deb Bennett
LoKation Real Estate
Buyer's Agent
Wanda Brock
Coldwell Banker Schmitt Real Estate Co.
List Price
$369,000
Sold Price
$349,000
Premium/Discount to List
-$20,000
-5.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.07%
Original Mortgage
$331,550
Interest Rate
4.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 25, 2013
Sold by
Cole Lincoln P and Case #44-2008-Ca-000959-K
Bought by
Deutsche Bank National Trust Company and Long Beach Mortgage Loan Trust 2005-3

Purchase Details

Closed on
Jan 4, 2013
Sold by
Cole Lincoln P and Mortgage Electronic Registrati
Bought by
Deutsche Bank

Purchase Details

Closed on
Sep 16, 2005
Sold by
Cole Lincoln P
Bought by
Cole Lincoln P and Cole Stephen D

Purchase Details

Closed on
May 31, 2005
Sold by
Meyer Wendy L
Bought by
Cole Lincoln P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$624,000
Interest Rate
7.05%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 4, 2004
Sold by
Meyer Nathan J and Meyer Wendy M
Bought by
Meyer Wendy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 29, 2004
Sold by
Meyer Joseph W and Meyer Bobbie L
Bought by
Meyer Nathan J and Meyer Wendy M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$480,000
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 17, 1998
Sold by
Phelps Lane
Bought by
Meyer Joseph W and Meyer Bobbie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,000
Interest Rate
7.07%
Mortgage Type
Balloon

Purchase Details

Closed on
May 1, 1988
Bought by
Maffei Deborah
Source: Public Records

Range of Values:

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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
Mills Kathy Ann $655,000 Attorney
Maffei Deborah $349,000 Genesis Title Company
Deutsche Bank National Trust Company $4,000 None Available
Deutsche Bank $4,000 None Available
Cole Lincoln P $250,000 --
Cole Lincoln P $780,000 Elite Title Inv
Meyer Wendy L $600,000 True Title Agency Inc
Meyer Nathan J -- True Title Agency Inc
Meyer Joseph W $175,000 --
Maffei Deborah $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mills Kathy Ann $495,500
Closed Mills Kathy Ann $524,000
Previous Owner Maffei Deborah $388,000
Previous Owner Maffei Deborah $331,550
Previous Owner Cole Lincoln P $624,000
Previous Owner Cole Lincoln P $156,000
Previous Owner Meyer Wendy L $480,000
Previous Owner Meyer Joseph W $265,000
Previous Owner Meyer Joseph W $50,000
Previous Owner Meyer Joseph W $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2013 08/15/13 Sold $349,000 -5.4% $285 / Sq Ft
07/12/2013 07/12/13 Pending -- -- --
06/12/2013 06/12/13 For Sale $369,000 -- $301 / 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 $7,918 $1,022,741 $727,080 $295,661
2023 $7,918 $1,088,060 $801,540 $286,520
2022 $6,638 $767,604 $477,420 $290,184
2021 $6,143 $595,070 $330,690 $264,380
2020 $6,145 $589,686 $319,740 $269,946
2019 $6,144 $587,356 $319,740 $267,616
2018 $5,822 $537,247 $289,080 $248,167
2017 $5,220 $478,833 $0 $0
2016 $4,975 $441,708 $0 $0
2015 $4,733 $398,410 $0 $0
2014 $4,801 $387,440 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2013

    Deb Bennett

    LoKation Real Estate

  • Wanda Brock

    Buyer's Agent in 2013

    Wanda Brock

    Coldwell Banker Schmitt Real Estate Co.

    (305) 304-8862

    116 Total Sales

    Section Image

  • B

    Buyer Co-Listing Agent in 2013

    Bob Brock

    Coldwell Banker Schmitt Real Estate Co.

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 561389

Florida Keys Board of REALTORS®

APN: 00179840-000000

Florida Monroe County Summerland Key 33042

120 Cutlass Ln, Summerland Key, FL

This home is located at 120 Cutlass Ln, Summerland Key, FL 33042 since 12 June 2013 and is currently estimated at $1,309,195, approximately $1,069 per square foot. This property was built in 1972. 120 Cutlass Ln 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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