NOT LISTED FOR SALE

157 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,278,000 - $1,429,000

3 Beds
2 Baths
1,860 Sq Ft
$730/Sq Ft Est. Value

Last Sold September 10, 2018

Last sale price $775,000 $417 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $7,846/month

6 Days on Market

Highlights

  • Airstrip
  • Dock made with concrete
  • Marble Flooring
  • Ocean View
  • Home fronts a canal
  • 1-minute walk to Loop Road

About This Home

As of September 2018

Partial Ocean views from this well built 3 Bedroom 2 Bathroom concrete fortress in prestigious Summerland Key Cove. Step inside and let the travertine floors guide you through the spacious open floor plan where you will enjoy a 2-story, light filled Great Room, open-concept Kitchen with breakfast bar, large Guest Bedrooms, as well as a top floor Master Bedroom with en-suite bath and private veranda. Step outside and relax on your rear screened porch and take in the beautiful canal view or enjoy ocean views from the front. Large Garage and Storage for all of your boating needs. Deep draft dockage offers easy ocean access to world-class fishing and diving just minutes away.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. Lower Keys Office License #605677 Listed on: 07/26/2018

Last Buyer's Agent

Debra Farrell

Island Welcome Real Estate License #3020493

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,232

Year Built

  • Built in 2000

Lot Details

  • 6,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof

Interior Spaces

  • 1,860 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • French Doors
  • Entrance Foyer
  • Storage
  • Utility Room
  • Marble Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Parking

  • 1 Car Attached Garage
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Dock made with concrete
  • Screened Patio
  • Shed

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00193630-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,232

Year Built

Built in 2000

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
  • Voluntary HOA: Yes
  • Control Depth: 4
  • Dockage Dock: Concrete
  • Dockage Dock Length: 60
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6231.89
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Trailer Storage, Open Parking, Guest Parking, Garage
  • Vehicle Storage Cars: 1
  • Year Built: 2000
  • Alternate Key Number: 1255513
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Screened Patio
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1860.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Split Bedroom, Walk-in Closet(s), Storage, Entrance Foyer
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Refrigerator, Range, Oven
  • Floor: Marble
  • Specialty Rooms: Utility Room
  • Windows/Doors: Aluminum Windows, French Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Shed, Storage
  • Roof: Metal Roof
  • Waterview: Canal View, Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00193630-000000
  • Lot Size: 60 x 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 26, 2018
Closed on
Sep 14, 2018
Sold by
Sedivy John J and Sedivy Roberta S
Bought by
Grosshart Alan M
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co. Lower Keys Office
Buyer's Agent
Debra Farrell
Island Welcome Real Estate
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%
Current Estimated Value
$1,349,476

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$574,476
Avg. Annual Appreciation
8.46%
Original Mortgage
$525,000
Outstanding Balance
$462,501
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$899,963

Purchase Details

Listed on
Jul 26, 2018
Closed on
Sep 10, 2018
Sold by
Sedivy John J and Sedivy Roberta S
Bought by
Grosshart Alan M
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co. Lower Keys Office
Buyer's Agent
Debra Farrell
Island Welcome Real Estate
List Price
$799,000
Sold Price
$775,000
Premium/Discount to List
-$24,000
-3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$525,000
Outstanding Balance
$462,501
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$899,963

Purchase Details

Closed on
Jan 14, 2011
Sold by
Salveggio Thomas J and Salveggio Susan M
Bought by
Sedivy John J and Sedivy Roberta S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
4.58%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 28, 2004
Sold by
Phillips Timothy and Phillips Alicia Furlani
Bought by
Salveggio Thomas J and Salveggio Susan M

Purchase Details

Closed on
Jul 20, 1995
Sold by
Phillips John B and Phillips Shirley A
Bought by
Phillips Timothy A

Purchase Details

Closed on
Jan 1, 1981
Bought by
Sedivy John J and Sedivy Roberta S
Source: Public Records

Range of Values:

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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
Grosshart Alan M $775,000 True Title Agency
Grosshart Alan M $775,000 True Title Agency
Sedivy John J $400,000 True Title Agency Inc
Salveggio Thomas J $770,000 True Title Agency Inc
Phillips Timothy A -- --
Sedivy John J $6,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grosshart Alan M $525,000
Closed Grosshart Alan M $525,000
Previous Owner Sedivy John J $300,000
Previous Owner Salveggio Thomas J $350,000
Previous Owner Phillips Timothy $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2018 09/10/18 Sold $775,000 -3.0% $417 / Sq Ft
08/01/2018 08/01/18 Pending -- -- --
07/26/2018 07/26/18 For Sale $799,000 -- $430 / 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 $5,915 $707,080 -- --
2023 $5,915 $686,486 $0 $0
2022 $5,673 $657,268 $0 $0
2021 $5,859 $638,125 $0 $0
2020 $5,831 $629,315 $0 $0
2019 $5,720 $615,167 $0 $0
2018 $6,659 $656,675 $240,000 $416,675
2017 $6,618 $663,054 $0 $0
2016 $6,203 $596,389 $0 $0
2015 $6,450 $627,542 $0 $0
2014 $5,999 $529,506 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co. Lower Keys Office

  • Debra Farrell

    Buyer's Agent in 2018

    Debra Farrell

    Island Welcome Real Estate

    (305) 393-0636

    12 Total Sales

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 581224

Florida Keys Board of REALTORS®

APN: 00193630-000000

Florida Monroe County Summerland Key 33042

157 Caribbean Dr E, Summerland Key, FL

This home is located at 157 Caribbean Dr E, Summerland Key, FL 33042 since 26 July 2018 and is currently estimated at $1,357,181, approximately $729 per square foot. This property was built in 2000. 157 Caribbean Dr E is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High 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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