$696,000
SOLD OCT 23, 2020

130 Palermo Dr Islamorada, FL 33036

2 Beds
1 Bath
929 Sq Ft
7,000 Sq Ft Lot

Recently Sold

$749 Per Sq Ft

26 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • No HOA
  • Plantation Key School Rated A-
  • Key West Architecture
  • 1-minute walk to Founders Park

About This Home

As of August 2024

Canal front Property in prestigious Venetian Shores! Large 7000 sqft Lot, seawall under 8 yrs old with 70 ft concrete dock and two 50 amp electrical outlets. Located on one of the widest canals in the Upper Keys, this property can accommodate large vessels, with deep water to ease the access to the Bay/Gulf and Atlantic. Listed property for sale is of lot value only. Buyer & Seller agree the vertical improvements are of no value. Close to shopping and schools.

Last Agent to Sell the Property

Strain-Pabotoy T Coldwell Banker Schmitt

Coldwell Banker Schmitt Key Largo Listed on: 07/29/2020

Coldwell Banker Schmitt Key Largo

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,699

Year Built

  • Built in 1963

Lot Details

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

Home Design

  • Key West Architecture

Interior Spaces

  • 929 Sq Ft Home
  • Canal Views

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Seawall
  • Dock made with concrete
  • Outdoor Storage

Additional Features

  • Ground Level
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Association fees include common area mnt
  • Venetian Shores Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00406110-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,699

Year Built

Built in 1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 150.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Control Depth: 5
  • Dockage Dock: Concrete
  • Dockage Dock Length: 70
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt, Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 86.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 6699.21
  • Year Built: 1963
  • Alternate Key Number: 1498335
  • Building Style: Conch, Ground Level
  • Lot Sq Ft: 7000.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 929.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven, Refrigerator, Range
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00406110-000000
  • Lot Size: 100X70
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Aug 29, 2024
Sold by
130 Palermo Llc
Bought by
Naka Key Llc
Seller's Agent
Lorie LaLonde
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Shelby Morris
American Caribbean Real Estate, Christie's International Real Estate
List Price
$1,499,000
Sold Price
$1,350,000
Premium/Discount to List
-$149,000
-9.94%
Views
22
Current Estimated Value
$1,352,410

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,410
Avg. Annual Appreciation
2.10%

Purchase Details

Listed on
Jul 29, 2020
Closed on
Oct 22, 2020
Sold by
Dos Amigos Holdings Llc
Bought by
Tbp Funding Llc
Seller's Agent
Strain-Pabotoy T Coldwell Banker Schmitt
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Creative Technology
List Price
$695,000
Sold Price
$696,000
Premium/Discount to List
$1,000
0.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.78%
Original Mortgage
$350,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Listed on
Nov 19, 2014
Closed on
May 8, 2015
Sold by
Lewis Susan K
Bought by
Dos Amigos Holdings Llc
Seller's Agent
Joy Martin
Marr Properties, Inc.
Buyer's Agent
Lorie LaLonde
American Caribbean Real Estate, Christie's International Real Estate
List Price
$559,000
Sold Price
$445,000
Premium/Discount to List
-$114,000
-20.39%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.52%

Purchase Details

Closed on
Nov 1, 1991
Bought by
Dos Amigos Holdings Llc
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,350,000 None Listed On Document
Warranty Deed $696,000 South Florida Trust And Ttl
Warranty Deed $445,000 Attorney
Warranty Deed $158,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $350,000 Future Advance Clause Open End Mortgage
Previous Owner $78,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2024 08/29/24 Sold $1,350,000 -3.5% $1,453 / Sq Ft
07/31/2024 07/31/24 Pending -- -- --
07/26/2024 07/26/24 Price Changed $1,399,000 -6.7% $1,506 / Sq Ft
05/06/2024 05/06/24 For Sale $1,499,000 +115.4% $1,614 / Sq Ft
10/23/2020 10/23/20 Sold $696,000 +0.1% $749 / Sq Ft
08/24/2020 08/24/20 Pending -- -- --
07/29/2020 07/29/20 For Sale $695,000 +56.2% $748 / Sq Ft
05/08/2015 05/08/15 Sold $445,000 -20.4% $479 / Sq Ft
03/12/2015 03/12/15 Pending -- -- --
11/19/2014 11/19/14 For Sale $559,000 -- $602 / 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 $7,668 $1,017,331 $952,000 $65,331
2023 $7,668 $1,000,776 $932,750 $68,026
2022 $6,558 $727,975 $666,750 $61,225
2021 $6,244 $545,089 $490,000 $55,089
2020 $7,041 $625,201 $490,000 $135,201
2019 $6,699 $595,379 $490,000 $105,379
2018 $6,283 $585,551 $486,500 $99,051
2017 $5,479 $470,279 $0 $0
2016 $5,612 $455,634 $0 $0
2015 $5,993 $502,927 $0 $0
2014 -- $575,256 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591874

Florida Keys Board of REALTORS®

APN: 00406110-000000