NOT LISTED FOR SALE

127 Palermo Dr Islamorada, FL 33036

Estimated Value: $1,361,888 - $3,194,000

4 Beds
4 Baths
2,688 Sq Ft
$773/Sq Ft Est. Value

Last Sold February 02, 2015

Last sale price $600,000 $223 Per Sq Ft

Est. 246% increase in value since last sale

Current estimated payment $12,231/month

319 Days on Market

Highlights

  • Dock made with wood
  • Boat Slip
  • Maid or Guest Quarters
  • Plantation Key School Rated A-
  • Home fronts a canal
  • 1-minute walk to Founders Park

About This Home

As of February 2015

OUTSTANDING INVESTMENT OPPORTUNITY! This waterfront legal duplex in Venetian Shores offers 4 permitted boat slips, 2 units with 2 bedrooms & 2 bathrooms with a bonus apt. downstairs. Located on a deep water canal offering direct bay & ocean access. Live and play while collecting income!

Last Agent to Sell the Property

Jan Keller

Coldwell Banker Schmitt Islamorada License #0670883 Listed on: 12/19/2013

Coldwell Banker Schmitt Islamorada

Co-Listed By

Charlotte Porter

Coldwell Banker Schmitt Islamorada License #3026666

Last Buyer's Agent

Jan Keller

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,954

Year Built

  • Built in 1986

Lot Details

  • 7,000 Sq Ft Lot
  • Home fronts a canal

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 2,688 Sq Ft Home
  • 3-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Storage
  • Canal Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Guest Parking
  • Open Parking

Outdoor Features

  • Boat Slip
  • Dock made with wood
  • Balcony
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00405790-000000

Community Details

Overview

  • 2 Units
  • Venetian Shores Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,954

Year Built

Built in 1986

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • Association Fee: 150.00
  • Mandatory HOA: Yes
  • Control Depth: 6
  • Dockage Dock: Wood
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Mile Marker: 86.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5953.56
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Open Parking, Guest Parking, Covered Parking
  • Year Built: 1986
  • Alternate Key Number: 1498041
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 7000.00
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck, Patio
  • Association Maintenance Fee Per: Yearly
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2688.00
  • Specialty Rooms Guest Servant Qtrs: Non-Conforming
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Cathedral Ceilings, Storage
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Dryer
  • Floor: Combo
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Slip
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00405790-000000
  • Lot Size: 70 x 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2013
Closed on
Jan 14, 2015
Sold by
Farnsworth K Patrick and Farnsworth Amy
Bought by
Mujica Jose L and Mujica Mercedes
Seller's Agent
Jan Keller
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Jan Keller
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$850,000
Sold Price
$600,000
Premium/Discount to List
-$250,000
-29.41%
Current Estimated Value
$2,078,472

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,478,472
Avg. Annual Appreciation
12.50%
Original Mortgage
$450,000
Outstanding Balance
$347,432
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$1,731,040

Purchase Details

Listed on
Dec 19, 2013
Closed on
Jan 13, 2015
Sold by
Hunt Gary S and Hunt Carla J
Bought by
Mujica Jose L and Mujica Mercedes
Seller's Agent
Jan Keller
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Jan Keller
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$850,000
Sold Price
$600,000
Premium/Discount to List
-$250,000
-29.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$347,432
Interest Rate
3.9%
Mortgage Type
Commercial
Estimated Equity
$1,731,040

Purchase Details

Closed on
Apr 1, 1989
Bought by
Mujica Jose L and Mujica Mercedes

Purchase Details

Closed on
Aug 1, 1984
Bought by
Mujica Jose L and Mujica Mercedes
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
Mujica Jose L $600,000 Attorney
Mujica Jose L -- Attorney
Mujica Jose L $175,000 --
Mujica Jose L $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mujica Jose L $450,000
Previous Owner Hunt Gary S $184,335
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2015 02/02/15 Sold $600,000 -29.4% $223 / Sq Ft
11/03/2014 11/03/14 Pending -- -- --
12/19/2013 12/19/13 For Sale $850,000 -- $316 / 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 $10,715 $844,465 -- --
2023 $10,715 $825,313 $0 $0
2022 $10,115 $702,995 $0 $0
2021 $7,898 $451,860 $0 $0
2020 $13,724 $851,672 $465,500 $386,172
2019 $9,980 $777,205 $465,500 $311,705
2018 $9,425 $765,225 $462,175 $303,050
2017 $8,214 $565,003 $0 $0
2016 $8,247 $535,016 $0 $0
2015 $7,571 $520,344 $0 $0
2014 $7,061 $472,223 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jan Keller

    Seller's Agent in 2015

    Jan Keller

    Coldwell Banker Schmitt Islamorada

    (305) 664-7069

    84 in this area

    101 Total Sales

    Section Image
  • Charlotte Porter

    Seller Co-Listing Agent in 2015

    Charlotte Porter

    Coldwell Banker Schmitt Islamorada

    (305) 393-2749

    86 in this area

    103 Total Sales

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 562900

Florida Keys Board of REALTORS®

APN: 00405790-000000

Florida Monroe County Islamorada 33036

127 Palermo Dr, Islamorada, FL

This home is located at 127 Palermo Dr, Islamorada, FL 33036 since 19 December 2013 and is currently estimated at $2,078,472, approximately $773 per square foot. This property was built in 1986. 127 Palermo Dr is a home located in Monroe County with nearby schools including Plantation Key School, Coral Shores High School, and Treasure Village Montessori Charter 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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