$725,000
SOLD JUL 12, 2019
-- Bed
-- Bath
2,016 Sq Ft
8,000 Sq Ft Lot

Recently Sold

$360 Per Sq Ft

10% Below List Price

331 Days on Market

Highlights

  • 80 Feet of Waterfront
  • L-Shaped Dining Room
  • Laundry Room
  • Canal View
  • No HOA
  • 1-minute walk to The Park

About This Home

As of July 2019

Waterfront/80 ft. on canal with access to backcountry or ocean for spectacular boating/diving/fishing. Legal duplex with strong rental earning potential for year-round or seasonal rentals.
Great investment property. Similar properties are renting for $2500 (per unit) on annual/unfurnished basis. Located at MM 10.5 for easy access to town/restaurants/theaters/ attractions, etc.
2 bedroom, 2 bath on each side. Guest bedroom has en-suite bath. New metal roof. New A/C unit on owner’s side. Lot is 80’ x 100’ with deck and covered/off-street parking. Raised exterior decks overlooking canal are great for entertaining. Ample storage. Original owner. Owner’s side lightly used/never rented. Current tenant is on month-to-month lease. Recently reduced to current list price. Appraisal available.

Last Agent to Sell the Property

Jack Grayson

License #33480 Listed on: 06/15/2018

Last Buyer's Agent

Jack Grayson

License #33480 Listed on: 06/15/2018

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,885

Year Built

  • Built in 1984

Lot Details

  • 8,000 Sq Ft Lot
  • Lot Dimensions are 80 x 100
  • 80 Feet of Waterfront
  • Property fronts a saltwater canal
  • Unincorporated Location
  • Property is zoned IS

Parking

  • 4 Carport Spaces

Home Design

  • Stilt Home
  • Wood Frame Construction
  • Metal Roof
  • Siding

Interior Spaces

  • 2,016 Sq Ft Home
  • Ceiling Fan
  • L-Shaped Dining Room
  • Canal Views

Kitchen

  • Range with Range Hood
  • Recirculated Exhaust Fan
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Ceramic Tile

Laundry

  • Laundry Room
  • Laundry Located Outside
  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Access to Saltwater Canal
  • Seawall
  • Outdoor Storage

Location

  • Flood Zone Lot
  • Flood Insurance May Be Required

Utilities

  • Central Heating and Cooling System
  • Vented Exhaust Fan
  • Electric Water Heater
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Porpoise Point Sec 4 Subdivision

Listing and Financial Details

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,885

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Property Sub Type: Duplex
  • Construction Materials: Siding, Wood Frame
  • Fireplace: No
  • Living Area: 2016
  • Lot Size Acres: 0.18
  • New Construction: No
  • Year Built: 1984
  • Lot Size Sq Ft: 8000
  • Directions to Property: US 1, between mm 10 and 11, turn north on Aquamarine Dr. to address.
  • Status: Sold
  • Down Payment Resource URL: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8006844&show_results=true&skip_sso=true
  • Down Payment Resource URL 2: http://www.workforce-resource.com/eligibility/listing?metro_area=MFRMLS&listing_id=U8006844&cview=true&show_results=true&customer_portal=true
  • Unit Count: 1
  • Homestead Y N: No
  • Total Acreage: 0 to less than 1/4
  • Unit Number Y N: No
  • Property Description: Stilt Home
  • Ratio: Close Price\List Price: 0.96796
  • Price per Sq Ft: 359.62
  • Close to Original List Price Ratio: 0.89506
  • View: Yes
  • Ownership: Fee Simple
  • Tax Year: 2017
  • Special Features: VirtualTour

Interior Features

  • Living Area Units: Square Feet
  • Flooring: Carpet, Ceramic Tile, Laminate
  • Interior Amenities: Ceiling Fans(s), L Dining, Living Room/Dining Room Combo
  • Appliances Included: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Range, Range Hood, Refrigerator, Washer
  • Levels: One
  • Spa Yn: No
  • Street Number Modifier: 14
  • Number Of Buildings: 1
  • ResoLivingAreaSource: PublicRecords

Exterior Features

  • Exterior Features: Outdoor Shower, Storage
  • Roof: Metal
  • Pool Private: No
  • View: Water
  • Waterfront: Yes
  • Road Surface Type: Paved
  • Water View: Canal
  • Water Access: Canal - Saltwater
  • Water Extras: Seawall - Concrete
  • Water View Y N: Yes
  • Water Access Y N: Yes
  • Water Extras Y N: Yes
  • Flood Zone Panel: 12087C1532K
  • Waterfront Frontage: 80
  • Water Frontage Feet Canal Salt: 80
  • Disclosures: Seller Property Disclosure

Garage/Parking

  • Carport Spaces: 4
  • Carport Y N: Yes
  • Garage Yn: No
  • Parking Features: Covered
  • Covered Parking Spaces: 4
  • Open Parking: No

Utilities

  • Utilities: Cable Connected, Electricity Connected, Sewer Connected, Water - Multiple Meters
  • Cooling: Central Air
  • Heating: Central, Electric, Exhaust Fans
  • Laundry Features: Laundry Room, Outside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling Y N: Yes
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Deposits Y N: Yes

Lot Info

  • Zoning: IS
  • Parcel Number: 00155670-000000
  • Additional Parcels: No
  • Lot Features: Flood Insurance Required, FloodZone, In County, Unincorporated
  • Lot Dimensions: 80 X 100
  • Flood Zone Code: AE
  • Flood Zone Date: 2005-02-18
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 2
  • Waterfront Features: Canal - Saltwater

Tax Info

  • Tax Annual Amount: 5885
  • Tax Block: 6
  • Tax Book Number: 5-118
  • Tax Lot: 14

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2023
Sold by
Paolucci Jamie M and Paolucci Anthony O
Bought by
Paolucci Jamie M and Paolucci Anthony O
Total Days on Market
331
Current Estimated Value
$1,326,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2022
Sold by
Treelight Llc
Bought by
Paolucci Jamie M and Paolucci Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2018
Closed on
Jul 8, 2019
Sold by
Grayson John W and Grayson Andrea
Bought by
Treelight Llc
Seller's Agent
Jack Grayson
Seminole Realty Inc
Buyer's Agent
Stephen Hammond
Key West Real Estate Sales (KW)
List Price
$810,000
Sold Price
$725,000
Premium/Discount to List
-$85,000
-10.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.57%
Original Mortgage
$543,750
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2015
Sold by
Grayson John W
Bought by
Grayson John W and Grayson Andrea

Purchase Details

Closed on
Nov 12, 2012
Sold by
Grayson Thomas N
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Apr 1, 1983
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Aug 1, 1982
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Mar 1, 1982
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Apr 1, 1981
Bought by
Grayson Thomas N and Grayson Darlene E
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
Quit Claim Deed -- None Listed On Document
Warranty Deed $550,000 Spottswood Spottswood Spottswo
Warranty Deed $725,000 Attorney
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $25,000 --
Warranty Deed $12,500 --
Warranty Deed $25,000 --
Warranty Deed $5,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $650,000 New Conventional
Closed $840,000 New Conventional
Previous Owner $550,000 New Conventional
Previous Owner $543,750 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $725,000 0.0% $360 / Sq Ft
07/12/2019 07/12/19 Sold $725,000 -3.2% $360 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
05/10/2019 05/10/19 Pending -- -- --
02/08/2019 02/08/19 Price Changed $749,000 -5.1% $372 / Sq Ft
11/20/2018 11/20/18 Price Changed $789,000 -2.6% $391 / Sq Ft
07/13/2018 07/13/18 For Sale $810,000 0.0% $402 / Sq Ft
06/13/2018 06/13/18 For Sale $810,000 -- $402 / Sq Ft
Source: Stellar MLS

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 $9,016 $1,016,998 $536,000 $480,998
2023 $9,016 $957,571 $488,000 $469,571
2022 $6,972 $782,726 $308,000 $474,726
2021 $6,472 $619,010 $220,000 $399,010
2020 $6,325 $597,825 $210,000 $387,825
2019 $5,194 $474,000 $208,000 $266,000
2018 $5,682 $455,990 $204,020 $251,970
2017 $5,885 $482,785 $0 $0
2016 $5,849 $469,508 $0 $0
2015 $5,746 $462,071 $0 $0
2014 $5,388 $381,942 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Stellar MLS

MLS Number: U8006844

Stellar MLS

APN: 00155670-000000