$580,000
SOLD NOV 19, 2024

24950 Palm Ln Summerland Key, FL 33042

2 Beds
2 Baths
1,040 Sq Ft
6,098 Sq Ft Lot

Recently Sold

$558 Per Sq Ft

7% Below List Price

24 Days on Market

About This Home

As of November 2024

Quaint island cottage in Summerland Key. Affordable completely updated, 2BR/2B, Large living space with vaulted ceilings. Great outdoor space, storage shed, outdoor shower, tons of parking and RV hookup. Plenty of room for a pool and all your toys. Community boat ramp and property backs to wet lands for privacy. Just 25 minutes to Key West!

Last Agent to Sell the Property

Michelle Howerton

Brenda Donnelly Real Estate LLC License #3454245 Listed on: 09/20/2024

Co-Listed By

William Howerton

Brenda Donnelly Real Estate LLC License #SL3585088

Last Buyer's Agent

Sarah Bixby

Century 21 Circle - Key West License #3436015

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,598

Year Built

1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 3
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: VA
  • Side: Ocean
  • State Province: FL
  • Taxes: 3597.63
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking, Trailer Storage
  • Vehicle Storage Cars: 4+
  • Year Built: 1968
  • Alternate Key Number: 1263818
  • Building Style: Ground Level
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 6024.00
  • Porch Balcony: Patio
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1040.00
  • Pre Wired Other: RV
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Storage, Walk-in Closet(s)
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Range, Refrigerator
  • Floor: Vinyl
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 2
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Concrete
  • Exterior Features: Outdoor Shower, Shed
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00200510-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 20, 2024
Closed on
Nov 19, 2024
Sold by
Parrot Bay Llc
Bought by
Holland Ethan and Gustafson Samantha
Seller's Agent
Michelle Howerton
Brenda Donnelly Real Estate LLC
Buyer's Agent
Sarah Bixby
Century 21 Circle - Key West
List Price
$625,000
Sold Price
$580,000
Premium/Discount to List
-$45,000
-7.2%
Views
67
Current Estimated Value
$617,379

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$37,379
Avg. Annual Appreciation
7.44%
Original Mortgage
$592,470
Outstanding Balance
$586,791
Interest Rate
6.32%
Mortgage Type
VA
Estimated Equity
$30,588

Purchase Details

Listed on
Mar 10, 2020
Closed on
Jun 16, 2020
Sold by
Patricia J Barbely Revocable Living Trus
Bought by
Parrot Bay Llc
Seller's Agent
Banks Prevatt
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Deborah Cardenas
Ocean Sotheby's International Realty
List Price
$215,000
Sold Price
$192,500
Premium/Discount to List
-$22,500
-10.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
28.27%

Purchase Details

Listed on
Mar 10, 2020
Closed on
Jun 15, 2020
Sold by
Patricia J Barbely Revocable Living Trus and Barbely Patricia J
Bought by
Parrot Bay Llc
Seller's Agent
Banks Prevatt
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Deborah Cardenas
Ocean Sotheby's International Realty
List Price
$215,000
Sold Price
$192,500
Premium/Discount to List
-$22,500
-10.47%

Purchase Details

Closed on
Jul 30, 2010
Sold by
Barbely Scott
Bought by
Patricia J Barbely Revocable Living Trus
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Warranty Deed $580,000 None Listed On Document
Warranty Deed $580,000 None Listed On Document
Warranty Deed $192,500 True Title Agency
Warranty Deed $192,500 True Title Agency
Quit Claim Deed -- None Available
Warranty Deed $113,000 Chicago Title Of The Florida
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $592,470 VA
Closed $592,470 VA
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/19/2024 11/19/24 Sold $580,000 -3.2% $558 / Sq Ft
10/06/2024 10/06/24 Price Changed $599,000 -4.2% $576 / Sq Ft
09/20/2024 09/20/24 For Sale $625,000 +224.7% $601 / Sq Ft
06/15/2020 06/15/20 Sold $192,500 -10.5% $185 / Sq Ft View Prior Sale
04/13/2020 04/13/20 Pending -- -- --
03/10/2020 03/10/20 For Sale $215,000 -- $207 / Sq Ft
Source: Key West Association 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 $3,598 $460,235 $304,212 $156,023
2023 $3,598 $438,980 $293,565 $145,415
2022 $3,026 $291,437 $146,022 $145,415
2021 $2,837 $232,655 $109,516 $123,139
2020 $2,406 $183,993 $109,516 $74,477
2019 $2,736 $226,742 $104,953 $121,789
2018 $2,734 $246,727 $124,727 $122,000
2017 $2,501 $216,516 $0 $0
2016 $2,395 $198,926 $0 $0
2015 $2,302 $178,153 $0 $0
2014 $2,118 $133,564 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Howerton

    Seller's Agent in 2024

    Michelle Howerton

    Brenda Donnelly Real Estate LLC

    (443) 904-2124

    39 Total Sales

    Michelle Howerton
    Section Image

  • W

    Seller Co-Listing Agent in 2024

    William Howerton

    Brenda Donnelly Real Estate LLC

    (240) 375-6379

    8 Total Sales

    William Howerton
    Section Image

  • S

    Buyer's Agent in 2024

    Sarah Bixby

    Century 21 Circle - Key West

  • Banks Prevatt

    Seller's Agent in 2020

    Banks Prevatt

    Coldwell Banker Schmitt RE Co.

    89 Total Sales

    Banks Prevatt
    Section Image

  • D

    Buyer's Agent in 2020

    Deborah Cardenas

    Ocean Sotheby's International Realty

    (305) 294-1117

    2 Total Sales

    Deborah Cardenas
    Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 611522

Key West Association of REALTORS®

APN: 00200510-000000

Florida Monroe County Summerland Key 33042

24950 Palm Ln, Summerland Key, FL

This home is located at 24950 Palm Ln, Summerland Key, FL 33042 and is currently priced at $580,000, approximately $557 per square foot. This property was built in 1968. 24950 Palm Ln 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.

Key West Association 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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