NOT LISTED FOR SALE

22 1st Ave Key Largo, FL 33037

Estimated Value: $774,769 - $1,745,000

3 Beds
3 Baths
1,716 Sq Ft
$635/Sq Ft Est. Value

Sale Details

Date Sold: April 30, 2021

Last sale price $595,000 $347 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $5,398 / mo

84 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • 1-minute walk to Schwingggg
  • Coral Shores High School Rated A
  • Garage

About This Home

As of April 2021

Fantastic opportunity to own a Multi Unit property on a prime corner lot in Mandalay Subdivision. Tenants already in place for all three units. Property is zoned Suburban Commercial which allows for a variety of uses including short term rentals! Don't let this opportunity pass you by.Property is tenant occupied. Showings by appointment only. Please provide proof of funds or pre approval prior to scheduling a showing. Seller financing possible. 20% down, 6% interest, 5 year balloon.

Last Agent to Sell the Property

Philip Kravitz

Coldwell Banker Schmitt Key Largo License #3376345 Listed on: 12/21/2020

Coldwell Banker Schmitt Key Largo

Last Buyer's Agent

Juliana Morejon

Coldwell Banker - Pinecrest License #653220

Coldwell Banker - Pinecrest

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,291

Year Built

  • Built in 1955

Lot Details

  • 6,250

Parking

  • Garage

Interior Spaces

  • 1,716 Sq Ft Home
  • Ceiling Fan

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Additional Features

  • 6,250 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00554570-000000

Community Details

Overview

  • No Home Owners Association
  • Mandalay Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,291

Year Built

Built in 1955

Lot Details

6,250 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • 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
  • Marathon Neighborhood: N/A
  • Mile Marker: 97.50
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 4291.36
  • Vehicle Storage: Garage
  • Year Built: 1955
  • Alternate Key Number: 1680061
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 6250.00
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1716.00
  • Financial Status Auction: No
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: No Appliances
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview

Utilities

  • Utilities: Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00554570-000000
  • Lot Size: 50x125
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 21, 2020
Closed on
Apr 30, 2021
Sold by
Smith Michael J and Smith Donna
Bought by
Zersus 22 First Ave Llc
Seller's Agent
Philip Kravitz
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Juliana Morejon
Coldwell Banker - Pinecrest
List Price
$650,000
Sold Price
$595,000
Premium/Discount to List
-$55,000
-8.46%
Current Estimated Value
$892,487

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$297,487
Avg. Annual Appreciation
12.99%

Purchase Details

Closed on
Apr 12, 2001
Sold by
Chris Sante M and Chris Pam Sante
Bought by
Smith Michael J and Smith Donna

Purchase Details

Closed on
Jan 11, 1999
Sold by
Sante Chris and Lowd Phillip
Bought by
Sante Chris and Sante Pam

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$103,700
Interest Rate
6.77%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 16, 1998
Sold by
Cogley Glenna K
Bought by
Sante Chris and Lowd Phillip

Purchase Details

Closed on
Jul 22, 1998
Sold by
Cogley Glenna K
Bought by
Sante Chris and Lowd Phillip
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
Zersus 22 First Ave Llc $595,000 Attorney
Smith Michael J $175,500 --
Sante Chris $100 --
Sante Chris $100 --
Sante Chris $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sante Chris $103,700
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/30/2021 04/30/21 Sold $595,000 -5.6% $347 / Sq Ft
03/15/2021 03/15/21 Pending -- -- --
02/26/2021 02/26/21 Price Changed $630,000 -0.8% $367 / Sq Ft
02/01/2021 02/01/21 Price Changed $635,000 -0.8% $370 / Sq Ft
01/18/2021 01/18/21 Price Changed $640,000 -0.8% $373 / Sq Ft
01/04/2021 01/04/21 Price Changed $645,000 -0.8% $376 / Sq Ft
12/21/2020 12/21/20 For Sale $650,000 -- $379 / 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 $7,099 $670,668 $313,969 $356,699
2024 $6,698 $630,742 $313,969 $316,773
2023 $6,698 $609,144 $299,625 $309,519
2022 $6,182 $567,262 $255,000 $312,262
2021 $4,987 $452,113 $181,688 $270,425
2020 $4,438 $328,581 $97,219 $231,362
2019 $4,291 $310,441 $87,656 $222,785
2018 $4,341 $311,881 $87,656 $224,225
2017 $4,161 $297,437 $0 $0
2016 $4,008 $263,254 $0 $0
2015 $4,238 $278,035 $0 $0
2014 $4,205 $262,768 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Philip Kravitz

    Seller's Agent in 2021

    Philip Kravitz

    Coldwell Banker Schmitt Key Largo

    (305) 783-7983

    29 in this area

    49 Total Sales

    Philip Kravitz
    Section Image

  • J

    Buyer's Agent in 2021

    Juliana Morejon

    Coldwell Banker - Pinecrest

    (305) 253-2800

    2 in this area

    37 Total Sales

    Juliana Morejon
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593851

Florida Keys Board of REALTORS®

APN: 00554570-000000

Florida Monroe County Key Largo 33037

22 1st Ave, Key Largo, FL

Not Listed for Sale

MultiFamily

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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