NOT LISTED FOR SALE

21540 Overseas Hwy Cudjoe Key, FL 33042

Estimated Value: $777,000 - $2,463,000

10 Beds
7.5 Baths
2,634 Sq Ft
$696/Sq Ft Est. Value

Last Sold September 17, 2015

Last sale price $1,525,000 $579 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $11,126/month

677 Days on Market

Highlights

  • Ocean Front
  • Detached Guest House
  • In Ground Pool
  • Dock made with concrete
  • Boat Slip
  • 1.07 Acre Lot

About This Home

As of September 2015

Oceanfront transient use. Over one acre of property between US Hwy 1 and open water. Private street with plenty of parking for each unit. Pool, joint use laundry. Two concrete docks and one wood dock. Great open water views. Purchase and continue ongoing concern or perfect for redevelopment with seven (7) ROGO exemptions. Live in the single family home and retire in comfort. Total of 4 parcels

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 09/25/2013

Last Buyer's Agent

Susan Rich

Prestige Realty BPK

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,825

Year Built

  • Built in 1958

Lot Details

  • 1.07 Acre Lot
  • Ocean Front

Parking

  • Carport

Home Design

  • Frame Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 2,634 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Skylights
  • Shutters
  • Single Hung Windows
  • Blinds
  • Sliding Doors
  • Tile Flooring
  • Ocean Views

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 10 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Boat Slip
  • Dock made with concrete
  • Screened Balcony
  • Patio
  • Shed

Additional Homes

  • Detached Guest House

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Septic Tank

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 1
  • Assessor Parcel Number 00174890-000000

Community Details

Overview

  • No Home Owners Association
  • 7 Units
  • Sacarma Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,825

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Cudjoe Key
  • Limited Representation: No
  • Mile Marker: 21.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3825.27
  • Title: Negotiable
  • Vehicle Storage: Carport
  • Year Built: 1958
  • Alternate Key Number: 1226955
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat Pump, Ductless
  • Lot Sq Ft: 46400.00
  • Pool Info: In Ground
  • Porch Balcony: Patio, Screened P/B
  • Shutters: Other, Panel
  • Species List: No
  • Tax Exemptions: Homestead, None
  • Building Style Above Flood: No
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 2634.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Sky Light(s), Split Bedroom
  • Total Bathrooms: 7.10
  • Full Bathrooms: 7
  • Appliances: Dryer, Washer, Refrigerator, Range, Oven
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows, Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 10

Exterior Features

  • Dockage: Basin, Other Dockage, Boat Slip
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Frame
  • Exterior Features: Detached Guest Qtrs, Shed
  • Roof: Metal Roof, Shingle Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE & AE
  • Parcel Number: 00174890-000000
  • Lot Size: 100 x 450 approximately
  • Land Size: 1 Less Than 2 Acres
  • Acres: 1.07

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2012

Multi Family

  • Total Units: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2016
Sold by
Maouad Jad
Bought by
Cudjoe Cottages Llc
Current Estimated Value
$1,833,509

Purchase Details

Listed on
Sep 25, 2013
Closed on
Sep 17, 2015
Sold by
Tucker David A and Tucker Mary
Bought by
Maouad Jad
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Susan Rich
Prestige Realty BPK
List Price
$1,699,000
Sold Price
$1,525,000
Premium/Discount to List
-$174,000
-10.24%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.81%

Purchase Details

Closed on
Jun 23, 1997
Sold by
Tucker Mary and Tucker David
Bought by
Tucker David A and Tucker Mary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
7.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1989
Bought by
Cudjoe Cottages Llc
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

Date Buyer Sale Price Title Company
Cudjoe Cottages Llc -- Attorney
Maouad Jad $1,050,000 Attorney
Tucker David A -- --
Cudjoe Cottages Llc $95,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Tucker David A $120,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/17/2015 09/17/15 Sold $1,525,000 -10.2% $579 / Sq Ft
08/03/2015 08/03/15 Pending -- -- --
09/25/2013 09/25/13 For Sale $1,699,000 -- $645 / 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 $17,895 $1,757,942 $1,160,005 $597,937
2024 $18,315 $2,128,196 $1,540,005 $588,191
2023 $18,315 $2,638,898 $2,100,005 $538,893
2022 $15,663 $1,951,339 $1,400,005 $551,334
2021 $13,568 $1,244,949 $755,005 $489,944
2020 $12,339 $1,030,677 $630,005 $400,672
2019 $12,267 $1,020,185 $612,255 $407,930
2018 $12,590 $1,027,609 $612,255 $415,354
2017 $11,629 $937,803 $0 $0
2016 $11,455 $892,109 $0 $0
2015 $6,466 $401,398 $0 $0
2014 $6,586 $397,240 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2015

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • S

    Buyer's Agent in 2015

    Susan Rich

    Prestige Realty BPK

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 562200

Florida Keys Board of REALTORS®

APN: 00174890-000000

Florida Monroe County Cudjoe Key 33042

21540 Overseas Hwy, Cudjoe Key, FL

Not Listed for Sale

MultiFamily

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