NOT LISTED FOR SALE

16653 Banyan Ln Summerland Key, FL 33042

Estimated Value: $1,301,100 - $1,592,000

3 Beds
2 Baths
1,624 Sq Ft
$911/Sq Ft Est. Value

Last Sold July 26, 2013

Last sale price $556,000 $342 Per Sq Ft

Est. 166% increase in value since last sale

Current estimated payment $8,129/month

201 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • RV Parking in Community
  • Dock made with concrete
  • RV or Boat Parking
  • 1-minute walk to Bay Point Park Playground

About This Home

As of July 2013

Custom built 2-Story waterfront home in prestigious South Point. 12,500 SF lot just 1 lot in from open water. 100' of waterfront w/concrete dock, davits & boat ramp! The 3 Bedroom home boasts a 2nd story Master Suite w/gorgeous sunset views over the bay. Open floor plan features granite kitchen, tile & hardwood floors, crown moldings & walk-around deck w/colossal porch overlooking the water.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 11/25/2012

Last Buyer's Agent

Cindy Kaye

Coldwell Banker Schmitt R.E.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,560

Year Built

  • Built in 1975

Lot Details

  • 0.29 Acre Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 1,624 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Blinds
  • Sliding Doors
  • Storage
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Outdoor Shower
  • Airstrip
  • Davits
  • Boat Ramp
  • Dock made with concrete
  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Propane
  • Septic Tank

Community Details

  • No Home Owners Association
  • Sugarloaf Shores Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-010700

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,560

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3559.59
  • Title: Negotiable
  • Vehicle Storage: Carport, Open Parking, Trailer Storage, RV Parking Open, Guest Parking
  • Year Built: 1975
  • Alternate Key Number: 1215414
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 12500.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1624.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Storage, Walk-in Closet(s), Granite Counter Top, Pantry
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Gas Appliances, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: Glass Doors, Single Hung Windows
  • Total Bedrooms: 3
  • Sq Ft Remarks: Tax Roll Sq. Ft. includes downstairs enclosure.

Exterior Features

  • Dockage: Boat Ramp, Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Outdoor Shower, Storage
  • Roof: Shingle Roof
  • Waterview: Canal View, Open Water View

Utilities

  • Security: No Security
  • Utilities: FKAA, Propane, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00166976-010700
  • Lot Size: 125 x 100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.29

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2020
Sold by
Ripin Bonne A
Bought by
Meyer Nicholas T
Current Estimated Value
$1,479,525

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$323,805
Outstanding Balance
$286,707
Interest Rate
3.6%
Mortgage Type
Balloon
Estimated Equity
$1,192,818

Purchase Details

Listed on
Nov 25, 2012
Closed on
Jul 26, 2013
Sold by
Milligan Charles M
Bought by
Meyer Nicholas T and Ripin Bonnie A
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Cindy Kaye
Coldwell Banker Schmitt R.E.
List Price
$599,000
Sold Price
$556,000
Premium/Discount to List
-$43,000
-7.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.34%
Original Mortgage
$417,000
Interest Rate
4.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 2000
Bought by
Meyer Nicholas T

Purchase Details

Closed on
May 1, 1985
Bought by
Meyer Nicholas T

Purchase Details

Closed on
Feb 1, 1974
Bought by
Meyer Nicholas T
Source: Public Records

Range of Values:

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Average Value
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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
Meyer Nicholas T -- Attorney
Meyer Nicholas T $556,000 True Title Agency Inc
Meyer Nicholas T $235,000 --
Meyer Nicholas T $165,000 --
Meyer Nicholas T $9,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Meyer Nicholas T $323,805
Previous Owner Meyer Nicholas T $417,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2013 07/26/13 Sold $556,000 -7.2% $342 / Sq Ft
06/14/2013 06/14/13 Pending -- -- --
11/25/2012 11/25/12 For Sale $599,000 -- $369 / 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 $4,423 $487,692 -- --
2023 $4,423 $473,488 $0 $0
2022 $4,307 $459,698 $0 $0
2021 $4,420 $446,309 $0 $0
2020 $4,398 $440,147 $0 $0
2019 $4,318 $430,252 $0 $0
2018 $4,339 $422,230 $0 $0
2017 $4,221 $413,546 $0 $0
2016 $4,246 $405,041 $0 $0
2015 $4,362 $402,225 $0 $0
2014 $4,493 $399,033 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2013

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • C

    Buyer's Agent in 2013

    Cindy Kaye

    Coldwell Banker Schmitt R.E.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 559576

Florida Keys Board of REALTORS®

APN: 00166976-010700

Florida Monroe County Summerland Key 33042

16653 Banyan Ln, Summerland Key, FL

This home is located at 16653 Banyan Ln, Summerland Key, FL 33042 since 25 November 2012 and is currently estimated at $1,479,525, approximately $911 per square foot. This property was built in 1975. 16653 Banyan Ln 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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