NOT LISTED FOR SALE

122 Lorelane Place Key Largo, FL 33037

Estimated Value: $1,459,000 - $2,110,000

3 Beds
2 Baths
1,720 Sq Ft
$957/Sq Ft Est. Value

Last Sold December 30, 2020

Last sale price $917,500 $533 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $9,551/month

35 Days on Market

Highlights

  • Dock made with concrete
  • Concrete Pool
  • Home fronts a canal
  • Coral Shores High School Rated A
  • RV Parking in Community
  • 1-minute walk to Schwingggg

About This Home

As of December 2020

A true Key's haven awaits at this centrally located, canal-front, pool home in Key Largo. Completely and tastefully updated, this home is ready to be enjoyed. It's large back yard with concrete, in-ground pool and 75 ft of dockage, provide the perfect spot to appreciate all the Keys have to offer. The large natural preserve in front of the property, lets anyone on the front porch, impart of the amazing scenic views and offers great privacy.

Last Agent to Sell the Property

Pete Riveiro

The Firm Realty Group License #BK707106 Listed on: 10/20/2020

Last Buyer's Agent

outside mls - FKBR

Outside Of MLS - FKBR

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,776

Year Built

  • Built in 1994 | Remodeled

Lot Details

  • 8,750 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Parking

  • Carport

Home Design

  • Metal Roof

Interior Spaces

  • 1,720 Sq Ft Home
  • Laminate Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Seawall
  • Dock made with concrete
  • Balcony
  • Deck
  • Outdoor Kitchen

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Key Largo Ocn Shores Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00499430-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,776

Year Built

Built in 1994 | Remodeled

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: 4
  • Dockage Dock: Concrete
  • Dockage Dock Length: 70
  • Dockage Fixed Bridge Height: 6'
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 100.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5775.84
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, RV Parking Covered, Trailer Storage
  • Year Built: 1994
  • Alternate Key Number: 1617288
  • Cooling Heating: Central Air
  • Lot Sq Ft: 8750.00
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Deck, Open Porch/Balcony
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1720.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Quartz Countertops
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Oven, Refrigerator, Microwave
  • Floor: Combo, Laminate
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Davit Pads
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Outdoor Kitchen
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: Buyer to Verify, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00499430-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.20

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 20, 2020
Closed on
Dec 22, 2020
Sold by
Gonzalez Jorge A and Gonzalez Jenny
Bought by
Espinel Michael and Espinel Arleyne
Seller's Agent
Pete Riveiro
The Firm Realty Group
Buyer's Agent
outside mls - FKBR
Outside Of MLS - FKBR
List Price
$939,000
Sold Price
$917,500
Premium/Discount to List
-$21,500
-2.29%
Current Estimated Value
$1,645,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$728,061
Avg. Annual Appreciation
13.09%
Original Mortgage
$688,125
Outstanding Balance
$612,636
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,032,925

Purchase Details

Closed on
Feb 7, 2018
Sold by
Gonzalez Jorge
Bought by
Casariego Corporation

Purchase Details

Listed on
Oct 3, 2013
Closed on
Feb 22, 2016
Sold by
U S Bank National Association
Bought by
Gonzalez Jorge A and Gonzalez Jenny
Seller's Agent
Deb Bennett
LoKation Real Estate
Buyer's Agent
Pedro Riveiro
Capital Real Estate Group Inc
List Price
$675,000
Sold Price
$560,000
Premium/Discount to List
-$115,000
-17.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.90%
Original Mortgage
$417,000
Interest Rate
3.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 16, 2012
Sold by
Martinez Pedro
Bought by
U S Bank National Association

Purchase Details

Closed on
Mar 30, 2012
Sold by
Martinez Pedro and Washington Mutual Bank
Bought by
U S Bank National Association

Purchase Details

Closed on
Sep 15, 2008
Sold by
Martinez Pedro
Bought by
Miller Leo

Purchase Details

Closed on
Jan 5, 2007
Sold by
Acevedo Michelle
Bought by
Martinez Pedro

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,304,800
Interest Rate
7.48%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 17, 2006
Sold by
Gilman Christy
Bought by
Acevedo Michelle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,304,800
Interest Rate
7.48%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 12, 2004
Sold by
Avila Luis M and Avila Belkys
Bought by
Gilman Christy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
2.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 1, 1989
Bought by
Gonzalez Jorge A and Gonzalez Jenny

Purchase Details

Closed on
Oct 1, 1986
Bought by
Gonzalez Jorge A and Gonzalez Jenny
Source: Public Records

Range of Values:

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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
Espinel Michael $917,500 Attorney
Casariego Corporation $115,000 Sunshine Title Of The Keys I
Gonzalez Jorge A $560,000 Shore To Shore Title Llc
U S Bank National Association -- None Available
U S Bank National Association -- None Available
Miller Leo -- None Available
Martinez Pedro $1,631,000 None Available
Acevedo Michelle $1,350,000 None Available
Gilman Christy $839,000 --
Gonzalez Jorge A $37,000 --
Gonzalez Jorge A $35,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Espinel Michael $688,125
Previous Owner Gonzalez Jorge A $417,000
Previous Owner Martinez Pedro $1,304,800
Previous Owner Acevedo Michelle $321,250
Previous Owner Acevedo Michelle $963,750
Previous Owner Gilman Christy $650,000
Closed Gilman Christy $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2020 12/30/20 Sold $917,500 -2.3% $533 / Sq Ft
10/20/2020 10/20/20 For Sale $939,000 +67.7% $546 / Sq Ft
02/25/2016 02/25/16 Sold $560,000 -17.0% $326 / Sq Ft
01/29/2014 01/29/14 Pending -- -- --
10/03/2013 10/03/13 For Sale $675,000 -- $392 / 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 $9,928 $1,382,962 $848,925 $534,037
2023 $9,928 $1,470,994 $952,875 $518,119
2022 $7,707 $1,000,993 $506,756 $494,237
2021 $6,999 $771,840 $320,513 $451,327
2020 $5,657 $602,014 $303,188 $298,826
2019 $5,776 $615,183 $314,016 $301,167
2018 $5,826 $608,817 $314,016 $294,801
2017 $5,859 $614,013 $0 $0
2016 $6,065 $614,960 $0 $0
2015 $5,934 $587,791 $0 $0
2014 $6,108 $588,703 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593056

Florida Keys Board of REALTORS®

APN: 00499430-000000