NOT LISTED FOR SALE

229 2nd Rd Key Largo, FL 33037

Estimated Value: $586,000 - $822,000

3 Beds
2 Baths
1,517 Sq Ft
$442/Sq Ft Est. Value

Last Sold December 22, 2016

Last sale price $325,000 $214 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $3,572/month

53 Days on Market

Highlights

  • Boat Ramp
  • Dock made with concrete
  • No HOA
  • Coral Shores High School Rated A
  • Wood Flooring
  • Stainless Steel Appliances

About This Home

As of December 2016

Gorgeous Concrete Single Family Home on Mile Marker 104 Walking Distance to Jimmy Johnson's Famous Cove in Key Largo,New Concrete tie-beam Roof/New Metal Roof(w/Permits)/Wood Cabinet-Island Kitchen-S.S.Appliances/Above Flood-on Zone-X/Sewer Connected/Private Community Boat Ramp/Outdoor Wet-Bar/Split Bedroom/tremendous laundry-room w-outside door/Private Fenced in Yard w/Storage House.

Last Agent to Sell the Property

Morris Solomon

Nations Best Realty Inc. License #3161107 Listed on: 10/13/2016

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,799

Year Built

  • Built in 1958

Lot Details

  • 6,000 Sq Ft Lot
  • Fenced
  • Property is zoned RH - Residential High

Home Design

  • Entry on the 1st floor
  • Metal Roof

Interior Spaces

  • 1,517 Sq Ft Home
  • Ceiling Fan
  • Laundry Room

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Outdoor Features

  • Dock made with concrete
  • Screened Patio
  • Shed

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Minimum Rental Period: 1
  • Assessor Parcel Number 00475560-000000

Community Details

Overview

  • No Home Owners Association
  • Largo Sound Vill Subdivision

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,799

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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: Key Largo
  • Limited Representation: No
  • Mile Marker: 104.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2799.38
  • Title: Title Ins - Buyer
  • Year Built: 1958
  • Alternate Key Number: 1582689
  • Cooling Heating: Wall/Window Unit(s), Ductless, Ceiling Fans(s)
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Screened Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1517.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom
  • Floor Number: 1.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Range, Refrigerator
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Shed
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: Municipal Sewer, Sewer Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X
  • Parcel Number: 00475560-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 9, 2021
Sold by
Pazos Michael and Sanchez Annabelle
Bought by
Gilrein Jaime Nicole
Current Estimated Value
$670,509

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,936
Outstanding Balance
$346,493
Interest Rate
3%
Mortgage Type
FHA
Estimated Equity
$324,016

Purchase Details

Listed on
Oct 13, 2016
Closed on
Dec 22, 2016
Sold by
Edgewater Homes Inc
Bought by
Pazos Michael and Sanchez Annabelle
Seller's Agent
Morris Solomon
Nations Best Realty Inc.
Buyer's Agent
Creative Technology
List Price
$325,000
Sold Price
$325,000

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
$260,000
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 17, 2014
Sold by
Schalk Steve and Hempel Gabriele
Bought by
Edgewater Homes Inc

Purchase Details

Closed on
Sep 30, 2014
Sold by
Schalk Steve and Hempel Gabriele
Bought by
Edgewater Homes Inc

Purchase Details

Closed on
Nov 1, 2001
Sold by
Francis Daniel M and Julie Daniel M
Bought by
Hempel Gabriele and Schalk Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$161,100
Interest Rate
6.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 3, 2000
Sold by
Schmidt Susan
Bought by
Daniel Francis and Daniel Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
7.92%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 1994
Sold by
Palmer Karen R
Bought by
Schmidt Susan

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$60,600
Interest Rate
8.73%

Purchase Details

Closed on
Nov 1, 1985
Bought by
Edgewater Homes Inc

Purchase Details

Closed on
May 1, 1984
Bought by
Edgewater Homes Inc

Purchase Details

Closed on
Feb 1, 1974
Bought by
Edgewater Homes Inc
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
Gilrein Jaime Nicole $390,000 Title American
Gilrein Jaime Nicole $390,000 New Title Company Name
Pazos Michael $325,000 Title Con Of America Inc
Edgewater Homes Inc $156,000 None Available
Edgewater Homes Inc $156,000 Attorney
Hempel Gabriele $179,000 --
Daniel Francis $135,000 --
Schmidt Susan $101,000 --
Edgewater Homes Inc $62,000 --
Edgewater Homes Inc $55,000 --
Edgewater Homes Inc $33,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gilrein Jaime Nicole $382,936
Closed Gilrein Jaime Nicole $382,936
Previous Owner Pazos Michael $260,000
Previous Owner Schmidt Susan $161,100
Previous Owner Schmidt Susan $107,500
Previous Owner Schmidt Susan $108,000
Previous Owner Schmidt Susan $60,600
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/22/2016 12/22/16 Sold $325,000 0.0% $214 / Sq Ft
12/05/2016 12/05/16 Pending -- -- --
10/13/2016 10/13/16 For Sale $325,000 -- $214 / 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 $833 $514,648 $312,000 $202,648
2024 $4,781 $557,291 $360,000 $197,291
2023 $4,781 $517,094 $330,000 $187,094
2022 $4,243 $457,215 $270,000 $187,215
2021 $2,664 $279,539 $0 $0
2020 $2,650 $275,680 $0 $0
2019 $2,604 $269,482 $0 $0
2018 $2,598 $264,458 $0 $0
2017 $2,547 $259,018 $0 $0
2016 $2,889 $249,887 $0 $0
2015 $2,799 $233,054 $0 $0
2014 $2,652 $208,160 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2016

    Morris Solomon

    Nations Best Realty Inc.

    Section Image

  • o

    Buyer's Agent in 2016

    outside of mls

    Outside Of MLS

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 572349

Florida Keys Board of REALTORS®

APN: 00475560-000000

Florida Monroe County Key Largo 33037

229 2nd Rd, Key Largo, FL

Not Listed for Sale

Detached

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