NOT LISTED FOR SALE

121 1st Terrace Key Largo, FL 33037

Estimated Value: $915,000 - $1,636,000

3 Beds
3.5 Baths
2,335 Sq Ft
$499/Sq Ft Est. Value

Last Sold July 27, 2022

Last sale price $880,000 $377 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $6,797/month

68 Days on Market

Highlights

  • Boat Ramp
  • Concrete Pool
  • RV Parking in Community
  • Coral Shores High School Rated A
  • RV or Boat Parking
  • Loft

About This Home

As of July 2022

Spectacular pool home with garage in Largo Sound Village sits on an oversized lush tropical landscaped lot completely fenced in. This 3 Bedroom 3 1/2 bathroom CBS home in the X flood zone has impact windows and doors and metal roof. The open floor plan with vaulted ceilings provides plenty of space for large families and entertaining. The kitchen offers solid wood cabinetry, stainless steel appliances, tile backsplash, and a spacious counter seating area. Off of the kitchen is the den with access to the laundry room, half bath, and the garage with additional storage. The den could easily be converted into another bedroom, game room, theater room, and more. There's a wonderful sunroom with tons of natural light perfect for an office, home gym, playroom, or art studio which leads you into your own personal backyard oasis with a privacy fence, bamboo foliage, and pavers surrounding the pool. The shallow end of the pool has two in-water chaise loungers and an umbrella. It's perfect for sunbathing or letting your littles ones or furry ones splash around. This huge corner lot has plenty of space for parking all your toys, boat, trailer, or even an RV. A spacious master suite will be found on the second floor with lots of natural light, large closets, full bathroom with walk in shower, Jacuzzi tub, and HUGE storage closet. This unique home has a grand modern Keys feel inside - must see it, to appreciate it.Located in the subdivision of Largo Sound Village, which is an added bonus. The highly sought-after neighborhood is known for its family friendly holiday activities, gated homeowners park, boat ramp and trailer parking. Quick and easy ocean and bay access from the homeowner's boat ramp. Voluntary Home Owners Association $150 per year.

Last Agent to Sell the Property

Silvestri Team Jeanette & Janessa Silves

Coldwell Banker Schmitt Key Largo License #3258182 Listed on: 04/12/2022

Coldwell Banker Schmitt Key Largo

Last Buyer's Agent

Lisa Bence

Realty ONE Group Destination (ISL) License #3503641

Realty ONE Group Destination (ISL)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,920

Year Built

  • Built in 1988 | Remodeled

Lot Details

  • 7,115 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 2,335 Sq Ft Home
  • Bar
  • Ceiling Fan
  • French Doors
  • Sliding Doors
  • Loft
  • Sun or Florida Room
  • Storage
  • Impact Glass

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Garage
  • Carport
  • Open Parking
  • RV or Boat Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00474020-000000

Community Details

Overview

  • No Home Owners Association
  • Largo Sound Vill Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,920

Year Built

Built in 1988 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: Yes
  • Association Fee: 150.00
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 104.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2920.47
  • Vehicle Storage: Garage, Trailer Storage, RV Parking Open, Open Parking, Carport
  • Year Built: 1988
  • Alternate Key Number: 1581135
  • Cooling Heating: Central Air, Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 7115.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2335.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Storage, Bar, Walk-in Closet(s)
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Freezer, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Other, Combo, Carpet
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Sun/Florida Room, Loft
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Privacy Wall/Fence, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X
  • Parcel Number: 00474020-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 1, 2022
Sold by
Arnhold Thomas Duncan
Bought by
Arnhold Thomas Duncan and Garrett Gretchen
Current Estimated Value
$1,164,317

Purchase Details

Listed on
Apr 12, 2022
Closed on
Jul 17, 2022
Sold by
Wilson Pamela J
Bought by
Arnhold Thomas Duncan
Seller's Agent
Silvestri Team Jeanette & Janessa Silves
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Lisa Bence
Realty ONE Group Destination (ISL)
List Price
$934,000
Sold Price
$880,000
Premium/Discount to List
-$54,000
-5.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.17%

Purchase Details

Closed on
Jul 5, 2000
Sold by
Bowden Benjamin J and Bowden J
Bought by
Wilson Joseph D and Wilson Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$25,000
Interest Rate
8.63%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 1, 1992
Bought by
Wilson Joseph D and Wilson Pamela J

Purchase Details

Closed on
Nov 1, 1987
Bought by
Wilson Joseph D and Wilson Pamela J

Purchase Details

Closed on
Feb 1, 1986
Bought by
Wilson Joseph D and Wilson Pamela J

Purchase Details

Closed on
Nov 1, 1981
Bought by
Wilson Joseph D and Wilson Pamela J

Purchase Details

Closed on
Feb 1, 1973
Bought by
Wilson Joseph D and Wilson Pamela J
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
Arnhold Thomas Duncan -- --
Arnhold Thomas Duncan $880,000 Pornprinya Tony
Arnhold Thomas Duncan $880,000 Pornprinya Tony
Wilson Joseph D $187,000 --
Wilson Joseph D $136,300 --
Wilson Joseph D $29,000 --
Wilson Joseph D $35,000 --
Wilson Joseph D $9,500 --
Wilson Joseph D $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wilson Joseph D $40,000
Previous Owner Wilson Joseph D $163,900
Previous Owner Wilson Joseph D $25,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2022 07/27/22 Sold $880,000 -3.8% $377 / Sq Ft
05/20/2022 05/20/22 Price Changed $915,000 -2.0% $392 / Sq Ft
03/26/2022 03/26/22 For Sale $934,000 -- $400 / 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 $7,186 $879,519 $384,210 $495,309
2023 $7,186 $811,102 $352,193 $458,909
2022 $2,888 $320,988 $0 $0
2021 $2,920 $311,639 $0 $0
2020 $2,904 $307,337 $0 $0
2019 $2,858 $300,428 $0 $0
2018 $3,011 $313,833 $0 $0
2017 $2,950 $307,379 $0 $0
2016 $2,986 $301,057 $0 $0
2015 $3,028 $298,964 $0 $0
2014 $3,090 $296,591 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600534

Florida Keys Board of REALTORS®

APN: 00474020-000000