NOT LISTED FOR SALE

161 Palermo Dr Islamorada, FL 33036

Estimated Value: $1,529,000 - $1,880,000

2 Beds
2 Baths
2,095 Sq Ft
$800/Sq Ft Est. Value

Last Sold February 01, 2013

Last sale price $615,000 $294 Per Sq Ft

Est. 172% increase in value since last sale

Current estimated payment $9,662/month

25 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • Screened Balcony
  • Plantation Key School Rated A-
  • Furnished
  • 1-minute walk to Founders Park

About This Home

As of February 2013

VENETIAN SHORES HOME offered at a great price offering excellent deep-water concrete dockage and immediate ocean/bay access. 2bd/2ba up with large rec room/storage down; screened porches, furnished, covered parking.

Last Agent to Sell the Property

Lisa Frins

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada License #0672871 Listed on: 12/27/2012

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Last Buyer's Agent

Lisa Frins

Century 21 Prestige Realty Grp, Tavernier

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,783

Year Built

  • Built in 1981

Lot Details

  • 7,490 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $13 Monthly HOA Fees

Home Design

  • Concrete Roof

Interior Spaces

  • 2,095 Sq Ft Home
  • Furnished
  • Shutters
  • Tile Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Open Parking

Outdoor Features

  • Seawall
  • Dock made with concrete
  • Screened Balcony
  • Shed

Utilities

  • Central Air

Community Details

  • Association fees include common area mnt
  • Venetian Shores Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00405950-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,783

Year Built

Built in 1981

Lot Details

0

HOA Fees

$13 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Association Fee: 150.00
  • Mandatory HOA: Yes
  • Dockage Dock: Concrete
  • Dockage Seawall: Concrete
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Plantation Key
  • Limited Representation: No
  • Mile Marker: 86.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5783.12
  • Title: Title Ins - Buyer
  • Vehicle Storage: Covered Parking, Open Parking
  • Year Built: 1981
  • Alternate Key Number: 1498190
  • Cooling Heating: Central Air
  • Lot Sq Ft: 7490.00
  • Porch Balcony: Screened P/B
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion, Panel
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2095.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Dryer
  • Floor: Tile
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Shed
  • Roof: Concrete Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00405950-000000
  • Lot Size: 70x107
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 1, 2014
Sold by
Williams Christopher M and Williams Meta
Bought by
Nichols Robert and Nichols Lisa
Current Estimated Value
$1,675,561

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 27, 2012
Closed on
Feb 1, 2013
Sold by
Hiers Properties Llc
Bought by
Williams Christopher M and Williams Meta
Seller's Agent
Lisa Frins
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Lisa Frins
Century 21 Prestige Realty Grp, Tavernier
List Price
$699,000
Sold Price
$615,000
Premium/Discount to List
-$84,000
-12.02%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.02%
Original Mortgage
$307,500
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 17, 2002
Sold by
Richard W Quirk M
Bought by
Hiers Properties Llc

Purchase Details

Closed on
Nov 21, 1994
Sold by
Strack James H and Strack Joan M
Bought by
Quirk Richard W and Quirk Jean C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.92%

Purchase Details

Closed on
Nov 4, 1994
Sold by
Weaver Arthur V
Bought by
Strack James H and Strack Joan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.92%

Purchase Details

Closed on
Apr 1, 1984
Bought by
Nichols Robert and Nichols Lisa

Purchase Details

Closed on
Aug 1, 1978
Bought by
Nichols Robert and Nichols Lisa
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Nichols Robert $680,000 Attorney
Williams Christopher M $615,000 Florida Title Of The Keys
Hiers Properties Llc $480,000 --
Quirk Richard W $250,000 --
Strack James H -- --
Nichols Robert $143,500 --
Nichols Robert $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Nichols Robert $280,000
Previous Owner Williams Christopher M $307,500
Previous Owner Quirk Richard W $150,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/01/2013 02/01/13 Sold $615,000 -12.0% $294 / Sq Ft
01/21/2013 01/21/13 Pending -- -- --
12/27/2012 12/27/12 For Sale $699,000 -- $334 / 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
2025 $11,382 $1,582,691 $1,284,221 $298,470
2024 $10,895 $1,397,779 $1,094,968 $302,811
2023 $10,895 $1,343,468 $1,074,691 $268,777
2022 $9,446 $984,766 $709,701 $275,065
2021 $8,494 $728,239 $473,134 $255,105
2020 $8,578 $733,768 $473,134 $260,634
2019 $8,284 $689,260 $473,134 $216,126
2018 $7,804 $682,537 $469,755 $212,782
2017 $6,918 $574,000 $0 $0
2016 $6,958 $544,152 $0 $0
2015 $7,287 $588,368 $0 $0
2014 $8,088 $665,495 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lisa Frins

    Seller's Agent in 2013

    Lisa Frins

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 522-1479

    117 in this area

    289 Total Sales

    Lisa Frins
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 559944

Florida Keys Board of REALTORS®

APN: 00405950-000000

Florida Monroe County Islamorada 33036

161 Palermo Dr, Islamorada, FL

Not Listed for Sale

Detached

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