NOT LISTED FOR SALE

245 S Point Dr Summerland Key, FL 33042

Estimated Value: $1,974,966 - $2,487,000

3 Beds
2 Baths
1,536 Sq Ft
$1,437/Sq Ft Est. Value

Last Sold June 02, 2016

Last sale price $1,179,000 $768 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $12,651/month

463 Days on Market

Highlights

  • Dock made with wood
  • Property Fronts a Bay or Harbor
  • Gulf View
  • Boat Lift
  • Concrete Pool
  • 1-minute walk to Bay Point Park Playground

About This Home

As of June 2016

Gorgeous concrete open water pool home in prestigious South Point. This beautiful home features an open floor plan boasting picturesque open water views through sliding walls of glass from all living areas & Master suite. Resort-style 60' lagoon pool surrounded by majestic palms & lots of decking. Dock w/boat lift, elevator & lush designer landscaping. Excellent rental income too!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 01/06/2015

Last Buyer's Agent

Alan Ballas

Alan Ballas Realty License #3318340

Alan Ballas Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,754

Year Built

  • Built in 1994

Lot Details

  • 0.29 Acre Lot
  • Property Fronts a Bay or Harbor
  • Sprinkler System
  • Property is zoned IS - Improved Subivision District

Parking

  • Carport

Home Design

  • Metal Roof

Interior Spaces

  • 1,536 Sq Ft Home
  • 1-Story Property
  • Elevator
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Sliding Doors
  • Storage
  • Tile Flooring
  • Gulf Views
  • Complete Electric Power Shutters

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Pool Deck

Outdoor Features

  • Boat Lift
  • Dock made with wood
  • Screened Balcony
  • Outdoor Water Feature
  • Lanai
  • Outdoor Storage

Utilities

  • Central Air
  • Septic Tank

Community Details

  • No Home Owners Association
  • Sugarloaf Shores Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00166976-002600

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,754

Year Built

Built in 1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Control Depth: 3
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Sugarloaf Key
  • Limited Representation: No
  • Mile Marker: 17.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 7753.55
  • Title: Negotiable
  • Vehicle Storage: Carport
  • Year Built: 1994
  • Alternate Key Number: 1214604
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 12500.00
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Screened P/B
  • Shutters: Panel, Roll Down Electric
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1536.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Split Bedroom, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Elevator
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Refrigerator, Range
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Bay Front, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Lanai, Sprinkler System, Water Display, Storage
  • Roof: Metal Roof, Other Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify, Septic Tank, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00166976-002600
  • Lot Size: 125 x 100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.29

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2015
Closed on
May 31, 2016
Sold by
Sweda John L and Lucas Kristan L
Bought by
Deut 2929 Llc
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Alan Ballas
Alan Ballas Realty
List Price
$1,399,000
Sold Price
$1,179,000
Premium/Discount to List
-$220,000
-15.73%
Current Estimated Value
$2,206,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,027,992
Avg. Annual Appreciation
6.93%
Original Mortgage
$949,600
Outstanding Balance
$756,760
Interest Rate
3.61%
Mortgage Type
Commercial
Estimated Equity
$1,450,232

Purchase Details

Closed on
Apr 30, 2003
Sold by
Stone Jeffrey M
Bought by
Sweda John L and Lucas Kristan L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 9, 2001
Sold by
Frank Butler Iii M and Frank Kelly A
Bought by
Stone Jeffery M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$464,000
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 1996
Sold by
Revelin Andre and Revelin Nora
Bought by
Ochylski Kelly A

Purchase Details

Closed on
Dec 9, 1994
Sold by
Revelin Andre
Bought by
Revelin Andre and Revelin Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 8, 1994
Sold by
Christensen Gordon R
Bought by
Revelin Andre and Revelin Nora

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
9.07%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 1, 1988
Bought by
Deut 29:29 Llc

Purchase Details

Closed on
Feb 1, 1973
Bought by
Deut 29:29 Llc
Source: Public Records

Range of Values:

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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
Deut 2929 Llc $1,179,000 None Available
Sweda John L $84,714 Chicago Title Of The Florida
Stone Jeffery M $580,000 --
Ochylski Kelly A $339,000 --
Revelin Andre -- --
Revelin Andre -- --
Deut 29:29 Llc $80,000 --
Deut 29:29 Llc $6,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Deut 2929 Llc $949,600
Previous Owner Sweda John L $150,000
Previous Owner Ochylski Kelly A $464,000
Previous Owner Revelin Andre $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/02/2016 06/02/16 Sold $1,179,000 -15.7% $768 / Sq Ft
04/13/2016 04/13/16 Pending -- -- --
01/06/2015 01/06/15 For Sale $1,399,000 -- $911 / 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
2024 $12,920 $1,817,355 $1,365,625 $451,730
2023 $12,920 $1,895,582 $1,453,125 $442,457
2022 $10,776 $1,352,794 $903,125 $449,669
2021 $9,748 $989,490 $575,000 $414,490
2020 $9,107 $910,100 $500,000 $410,100
2019 $8,908 $884,947 $503,125 $381,822
2018 $9,154 $885,663 $503,125 $382,538
2017 $10,024 $985,612 $0 $0
2016 $8,786 $945,813 $0 $0
2015 $7,740 $695,246 $0 $0
2014 $8,140 $702,733 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2016

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • A

    Buyer's Agent in 2016

    Alan Ballas

    Alan Ballas Realty

    (850) 694-4001

    17 Total Sales

    Alan Ballas
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 566275

Florida Keys Board of REALTORS®

APN: 00166976-002600

Florida Monroe County Summerland Key 33042

245 S Point Dr, Summerland Key, FL

This home is located at 245 S Point Dr, Summerland Key, FL 33042 since 06 January 2015 and is currently estimated at $2,206,992, approximately $1,436 per square foot. This property was built in 1994. 245 S Point Dr is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High School.

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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