NOT LISTED FOR SALE

197 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $805,000 - $1,057,000

2 Beds
2 Baths
936 Sq Ft
$970/Sq Ft Est. Value

Sale Details

Date Sold: March 15, 2019

Last sale price $425,000 $454 Per Sq Ft

Est. 114% increase in value since last sale

Current estimated payment $5,199 / mo

6 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Walk-In Closet
  • Home fronts a canal
  • Balcony
  • 1-minute walk to Loop Road

About This Home

As of March 2019

Irma Special - Priced over $60,000 Less Than Recent Appraisal! Great value in Summerland Key Cove with instant equity. Home was pretty beat up by Irma but livable ''as is''. Canal front with 60' seawall & davits. Excellent deep water canal with easy access to the Atlantic (no bridges) and wonderful open views of the Ocean from front porch, kitchen and living room. Two car garage & lots of storage.

Last Agent to Sell the Property

Michael Sullivan

Key West Properties (KW) License #3031816 Listed on: 01/24/2019

Last Buyer's Agent

Michael Sullivan

Punta Gorda - Port Charlotte Realty, LLC License #3031816

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,653

Year Built

  • Built in 1985

Lot Details

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

Property Views

  • Ocean
  • Canal

Home Design

  • 936 Sq Ft Home
  • Frame Construction
  • Shingle Roof

Kitchen

  • Range

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Off-Street Parking

Outdoor Features

  • Davits
  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Community Sewer or Septic

Community Details

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00193590-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,653

Year Built

Built in 1985

Lot Details

6,000 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3652.62
  • Vehicle Storage: Garage, Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1985
  • Alternate Key Number: 1255475
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 936.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Walk-in Closet(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Range
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Davit Pads, Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Roof: Shingle Roof
  • Waterview: Canal View, Ocean View

Utilities

  • Utilities: Community Swr Plant

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00193590-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2019
Closed on
Mar 15, 2019
Sold by
Wolf Mark J and Wolf Sandra K
Bought by
Woolman Frank Edward and Woolman Tammy Lynne
Seller's Agent
Michael Sullivan
Key West Properties (KW)
Buyer's Agent
Michael Sullivan
Punta Gorda - Port Charlotte Realty, LLC
List Price
$449,000
Sold Price
$425,000
Premium/Discount to List
-$24,000
-5.35%
Current Estimated Value
$908,001

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$483,001
Avg. Annual Appreciation
11.19%
Original Mortgage
$340,000
Outstanding Balance
$297,703
Interest Rate
4.4%
Mortgage Type
New Conventional
Estimated Equity
$610,298

Purchase Details

Closed on
Oct 29, 2002
Sold by
Marken Grace D
Bought by
Wolf Mark J and Wolf Sandra K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.21%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 16, 2002
Sold by
Grace D Marken I
Bought by
Marken Grace D and Mckinley Donna J

Purchase Details

Closed on
Sep 16, 1999
Bought by
Wolf Mark J and Wolf Sandra K

Purchase Details

Closed on
Nov 19, 1997
Sold by
Ellingwood Don E
Bought by
Ellingwood Don E and Ellingwood Geneva

Purchase Details

Closed on
Feb 1, 1969
Bought by
Wolf Mark J and Wolf Sandra K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Woolman Frank Edward $425,000 First International Ttl Inc
Wolf Mark J $400,000 --
Marken Grace D -- --
Wolf Mark J $170,000 --
Ellingwood Don E $100 --
Wolf Mark J $3,100 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Woolman Frank Edward $340,000
Previous Owner Ellingwood Don E $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/15/2019 03/15/19 Sold $425,000 -5.3% $454 / Sq Ft
01/30/2019 01/30/19 Pending -- -- --
01/24/2019 01/24/19 For Sale $449,000 -- $480 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $4,227 $454,855 -- --
2024 $4,040 $442,036 -- --
2023 $4,040 $429,162 $0 $0
2022 $3,934 $416,663 $0 $0
2021 $4,031 $404,528 $268,500 $136,028
2020 $4,315 $391,143 $255,000 $136,143
2019 $4,025 $358,554 $226,500 $132,054
2018 $4,349 $382,874 $240,000 $142,874
2017 $4,291 $380,635 $0 $0
2016 $4,079 $347,614 $0 $0
2015 $4,238 $384,534 $0 $0
2014 $3,881 $300,432 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2019

    Michael Sullivan

    Key West Properties (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 583949

Florida Keys Board of REALTORS®

APN: 00193590-000000

Florida Monroe County Summerland Key 33042

197 Caribbean Dr E, Summerland Key, FL

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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