NOT LISTED FOR SALE

24979 Palm Ln Summerland Key, FL 33042

Estimated Value: $632,000 - $1,210,000

3 Beds
2.5 Baths
1,832 Sq Ft
$463/Sq Ft Est. Value

Last Sold April 26, 2019

Last sale price $440,000 $240 Per Sq Ft

Est. 93% increase in value since last sale

Current estimated payment $4,746/month

144 Days on Market

Highlights

  • Airstrip
  • Balcony
  • Bar
  • No HOA
  • Impact Glass
  • Storage

About This Home

As of April 2019

This 1,832 sq. ft. 3 Bedroom 2 Bath home on Summerland Key enjoys rights to the private Blanche Bergin Marina Park, a 2+ acre waterfront park with dredged basin, dockage & and boat ramp for the exclusive use of dry lots owners in the subdivision (small fees may apply). The 2-story home offers a 1st-floor Master Bedroom, large Guest Bedrooms on the 2nd floor, open Kitchen w/ large breakfast bar and tile throughout. This home was built to 175 mph winds and boasts hurricane impact doors and windows (no shutters needed) and metal roof.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 10/23/2018

Last Buyer's Agent

Kelly Kline

Coldwell Banker Schmitt RE Co.

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $3,653

Year Built

  • Built in 2008

Lot Details

  • 6,012

Home Design

  • Single Family Detached Home
  • Modular Prefabricated Home
  • Metal Roof

Interior Spaces

  • 1,832 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Single Hung Windows
  • Storage
  • Tile Flooring
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Outdoor Features

  • Airstrip
  • Balcony
  • Outdoor Storage

Additional Features

  • 6,012 Sq Ft Lot
  • Central Air

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00200350-000000

Community Details

Overview

  • No Home Owners Association
  • Summerland Key Gard Subdivision
  • Rental Restrictions

Recreation

  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$3,653

Year Built

Built in 2008

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
  • Fee Includes: None, Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3653.27
  • Title: Negotiable
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 2
  • Year Built: 2008
  • Alternate Key Number: 1263656
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 6012.00
  • Porch Balcony: Open Porch/Balcony
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1832.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: MobileManufactured
  • Stories: 2

Interior Features

  • Interior Amenities: Bar, Split Bedroom, Storage
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Windows/Doors: Impact Rstnce Doors, Single Hung Windows, Impact Rstnce Window
  • Appliances Other: YES
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Modular
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Utilities: Buyer to Verify, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00200350-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 23, 2018
Closed on
May 1, 2019
Sold by
Strong Sr Charles R
Bought by
Perkins Andrew and Perkins Erika
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Kelly Kline
Coldwell Banker Schmitt RE Co.
List Price
$499,000
Sold Price
$440,000
Premium/Discount to List
-$59,000
-11.82%
Current Estimated Value
$848,799

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,799
Avg. Annual Appreciation
10.62%
Original Mortgage
$418,000
Outstanding Balance
$367,507
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$481,292

Purchase Details

Listed on
Oct 23, 2018
Closed on
Apr 26, 2019
Sold by
Strong Sr Charles R
Bought by
Perkins Andrew and Perkins Erika
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Kelly Kline
Coldwell Banker Schmitt RE Co.
List Price
$499,000
Sold Price
$440,000
Premium/Discount to List
-$59,000
-11.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$418,000
Outstanding Balance
$367,507
Interest Rate
4.2%
Mortgage Type
New Conventional
Estimated Equity
$481,292

Purchase Details

Closed on
Jul 17, 2015
Sold by
Hebert Ronald Kenneth and Zimmerli Dominik A
Bought by
Strong Charles R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 10, 2012
Sold by
Keys Island Properties Llc
Bought by
Hebert Ronald Kenneth and Zimmerli Dominik A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
3.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 16, 2011
Sold by
Burchfield Gary and Sanchez Edward
Bought by
Keys Island Properties Llc

Purchase Details

Closed on
Dec 14, 2006
Sold by
Black David
Bought by
Burchfield Gary P and Sanchez Edward

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,200
Interest Rate
6.29%
Mortgage Type
Construction

Purchase Details

Closed on
Aug 18, 2003
Bought by
Strong Charles R

Purchase Details

Closed on
Oct 1, 1984
Bought by
Strong Charles R
Source: Public Records

Range of Values:

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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
Perkins Andrew $440,000 True Title Agency
Perkins Andrew $440,000 True Title Agency
Strong Charles R $365,000 Attorney
Hebert Ronald Kenneth $260,000 None Available
Keys Island Properties Llc $362,600 None Available
Burchfield Gary P $170,000 Attorney
Strong Charles R -- --
Strong Charles R $8,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Perkins Andrew $418,000
Closed Perkins Andrew $418,000
Previous Owner Strong Charles R $292,000
Previous Owner Hebert Ronald Kenneth $208,000
Previous Owner Burchfield Gary P $367,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/26/2019 04/26/19 Sold $440,000 -11.8% $240 / Sq Ft
03/16/2019 03/16/19 Pending -- -- --
10/23/2018 10/23/18 For Sale $499,000 -- $272 / 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 $3,630 $392,061 -- --
2023 $3,630 $380,642 $0 $0
2022 $3,534 $369,556 $0 $0
2021 $3,590 $356,182 $109,298 $246,884
2020 $3,666 $361,649 $109,298 $252,351
2019 $4,440 $403,351 $104,744 $298,607
2018 $4,702 $429,295 $124,478 $304,817
2017 $4,342 $402,309 $0 $0
2016 $4,032 $342,816 $0 $0
2015 $3,994 $327,949 $0 $0
2014 $3,818 $294,439 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 582412

Florida Keys Board of REALTORS®

APN: 00200350-000000