NOT LISTED FOR SALE

188 Atlantic Blvd Key Largo, FL 33037

Estimated Value: $1,754,622 - $2,312,000

6 Beds
6 Baths
4,259 Sq Ft
$487/Sq Ft Est. Value

Last Sold February 09, 2018

Last sale price $1,100,000 $258 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $11,837/month

3 Days on Market

Highlights

  • Ocean Front
  • Boat Lift
  • Screened Balcony
  • Coral Shores High School Rated A
  • No HOA
  • 1-minute walk to Schwingggg

About This Home

As of February 2018

Investment opportunity in highly sought after Port Largo Subdivision. First floor has 2 1/1 units, Second and Third Floor 2/2 each. Ocean Views from 1 ground floor unit and both units on the second and third floor. Deep water ocean access and 75 feet of concrete dock with lift.

Last Agent to Sell the Property

outside of mls

Outside Of MLS Listed on: 02/06/2018

Last Buyer's Agent

Jamie Engel

Coldwell Banker Schmitt Islamorada License #3125869

Coldwell Banker Schmitt Islamorada

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $10,480

Year Built

  • Built in 1971

Lot Details

  • 9,375 Sq Ft Lot
  • Ocean Front
  • Home fronts a canal

Property Views

  • Ocean
  • Canal

Home Design

  • Entry on the 3rd floor
  • Shingle Roof

Interior Spaces

  • 4,259 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Awning

Kitchen

  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Boat Lift
  • Screened Balcony
  • Patio

Utilities

  • Heat Pump System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00453190-000000

Community Details

Overview

  • No Home Owners Association
  • 4 Units
  • Port Largo Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$10,480

Year Built

Built in 1971

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 100.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 10479.91
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking, Open Parking
  • Year Built: 1971
  • Alternate Key Number: 1552852
  • Cooling Heating: Ceiling Fans(s), Heat Pump
  • Lot Sq Ft: 9375.00
  • Porch Balcony: Patio, Screened P/B
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 4259.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Floor Number: 3.00
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Microwave, Dryer
  • Floor: Carpet, Tile
  • Windows/Doors: Awning Windows
  • Total Bedrooms: 6

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front, Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Shingle 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: 00453190-000000
  • Lot Size: 9375
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.22

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 6, 2018
Closed on
Feb 7, 2018
Sold by
Rifkin Larry S
Bought by
Porta Largo Llc
Seller's Agent
outside of mls
Outside Of MLS
Buyer's Agent
Jamie Engel
Coldwell Banker Schmitt Islamorada
List Price
$1,250,000
Sold Price
$1,100,000
Premium/Discount to List
-$150,000
-12%
Current Estimated Value
$2,072,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$972,156
Avg. Annual Appreciation
8.28%

Purchase Details

Closed on
Dec 2, 2004
Sold by
Rifkin Larry S
Bought by
Rifkin Larry S and The Larry S Rifkin Trust

Purchase Details

Closed on
Jun 2, 2003
Sold by
Ramos Manuel and Ramos Norma
Bought by
Rifkin Larry S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$672,000
Interest Rate
5.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 2000
Sold by
Blanco Albert
Bought by
Ramos Manuel and Ramos Norma

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$380,000
Interest Rate
8.12%

Purchase Details

Closed on
Jul 1, 1992
Bought by
Rifkin Larry S Trust 2/18/2004

Purchase Details

Closed on
Sep 1, 1982
Bought by
Rifkin Larry S Trust 2/18/2004
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Porta Largo Llc $1,100,000 Attorney
Rifkin Larry S -- The Title Place Inc
Rifkin Larry S -- --
Rifkin Larry S $960,000 --
Ramos Manuel $420,000 --
Rifkin Larry S Trust 2/18/2004 $335,000 --
Rifkin Larry S Trust 2/18/2004 $290,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rifkin Larry S $672,000
Previous Owner Ramos Manuel $380,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2018 02/09/18 Sold $1,100,000 0.0% $258 / Sq Ft
02/09/2018 02/09/18 Sold $1,100,000 -12.0% $258 / Sq Ft View Prior Sale
02/09/2018 02/09/18 Pending -- -- --
02/06/2018 02/06/18 For Sale $1,250,000 0.0% $293 / Sq Ft
01/17/2018 01/17/18 Pending -- -- --
12/11/2017 12/11/17 For Sale $1,250,000 -- $293 / 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 $12,919 $1,741,773 $1,071,094 $670,679
2024 $12,086 $1,681,955 $1,010,156 $671,799
2023 $12,086 $1,679,401 $1,010,156 $669,245
2022 $10,617 $1,441,684 $796,875 $644,809
2021 $8,827 $884,255 $316,406 $567,849
2020 $9,280 $936,656 $353,906 $582,750
2019 $10,312 $1,063,727 $461,719 $602,008
2018 $10,368 $1,052,477 $461,719 $590,758
2017 $10,612 $973,461 $0 $0
2016 $10,480 $923,871 $0 $0
2015 $9,944 $835,495 $0 $0
2014 $9,575 $765,463 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • o

    Seller's Agent in 2018

    outside of mls

    Outside Of MLS

  • Richard Padron

    Seller's Agent in 2018

    Richard Padron

    Florida Realty of Miami

    (305) 986-4411

    13 Total Sales

    Richard Padron
    Section Image
  • Jamie Engel

    Buyer's Agent in 2018

    Jamie Engel

    Coldwell Banker Schmitt Islamorada

    (305) 664-4470

    33 in this area

    98 Total Sales

    Jamie Engel
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 578679

Florida Keys Board of REALTORS®

APN: 00453190-000000

Florida Monroe County Key Largo 33037

188 Atlantic Blvd, Key Largo, FL

Not Listed for Sale

MultiFamily

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