NOT LISTED FOR SALE

25083 Palm Ln Summerland Key, FL 33042

Estimated Value: $674,000 - $860,000

2 Beds
2 Baths
1,106 Sq Ft
$670/Sq Ft Est. Value

Last Sold August 19, 2024

Last sale price $700,000 $633 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,068/month

166 Days on Market

About This Home

As of August 2024

Custom built 2 bedroom, two bath gem on large lot with beautiful mature landscaping has so much to offer!Relax and enjoy your Zen-like back yard with Sugar Apple and Guava trees and concrete patio. Desirable two car CBS garage with hurricane doors and lots of space! . Metal Roof, new in 2017. Open and airy living area with screened patio off living room overlooking a large front yard with lots and lots of parking storage areas! Recently remodel with newer appliances. Cedar lined walk-in closet in primary bedroom suite!Nice bedrooms and baths! Driveway is perfect for motor home, large boat or trailers! This property is captivating! So many special features at this one! Meticulously maintained! Easy to show.

Last Agent to Sell the Property

Allan Leder

Preferred Properties (KW) License #590720 Listed on: 02/05/2024

Last Buyer's Agent

Sarah Eckert

Coldwell Banker Schmitt Real Estate Co. (KW) License #3527281

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,077

Year Built

1992

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
  • Voluntary HOA: Yes
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2076.91
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, Trailer Storage, Off Street Parking, Open Parking, Auto Door Opener, Attached
  • Vehicle Storage Cars: 2
  • Year Built: 1992
  • Alternate Key Number: 1263575
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 11605.00
  • Porch Balcony: Patio, Screened Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1106.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Storage, Built-in Cabinets, Pantry, Cathedral Ceilings
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Combo
  • Specialty Rooms: Workshop
  • Windows/Doors: Sliding Glass Doors, Aluminum Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Combo Construction
  • Exterior Features: Fencing, Privacy Wall/Fence, Lighting, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Heating: Propane

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00200270-000000
  • Lot Size: Irregular
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.27

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 5, 2024
Closed on
Aug 19, 2024
Sold by
Sherman David S and Sherman Kimberly J
Bought by
Smotryski John and Velazquez Amanda
Seller's Agent
Allan Leder
Preferred Properties (KW)
Buyer's Agent
Sarah Eckert
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$790,000
Sold Price
$700,000
Premium/Discount to List
-$90,000
-11.39%
Views
20
Current Estimated Value
$740,529

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,529
Avg. Annual Appreciation
4.84%
Original Mortgage
$560,000
Outstanding Balance
$553,687
Interest Rate
6.89%
Mortgage Type
New Conventional
Estimated Equity
$186,842

Purchase Details

Closed on
Jul 19, 2001
Sold by
Willis Williams I
Bought by
Sherman David S and Sherman Kimberly J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
7.16%
Mortgage Type
VA

Purchase Details

Closed on
Feb 1, 1985
Bought by
Sherman David S and Sherman Kimberly J

Purchase Details

Closed on
Apr 1, 1980
Bought by
Sherman David S and Sherman Kimberly J

Purchase Details

Closed on
May 1, 1979
Bought by
Sherman David S and Sherman Kimberly J
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 Buyer Sale Price Title Company
Smotryski John $700,000 None Listed On Document
Sherman David S $190,000 --
Sherman David S $8,000 --
Sherman David S $2,300 --
Sherman David S $2,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smotryski John $560,000
Previous Owner Sherman David S $172,944
Previous Owner Sherman David S $180,000
Previous Owner Sherman David S $126,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/19/2024 08/19/24 Sold $700,000 -2.6% $633 / Sq Ft
07/20/2024 07/20/24 Pending -- -- --
07/19/2024 07/19/24 Price Changed $719,000 -5.4% $650 / Sq Ft
06/17/2024 06/17/24 Price Changed $760,000 -3.8% $687 / Sq Ft
02/05/2024 02/05/24 For Sale $790,000 -- $714 / 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 $2,077 $245,017 -- --
2023 $2,077 $237,881 $0 $0
2022 $2,013 $230,953 $0 $0
2021 $2,039 $224,227 $0 $0
2020 $2,022 $221,132 $0 $0
2019 $1,978 $216,161 $0 $0
2018 $1,977 $212,131 $0 $0
2017 $1,916 $207,768 $0 $0
2016 $1,921 $203,495 $0 $0
2015 $1,979 $202,080 $0 $0
2014 $2,032 $200,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2024

    Allan Leder

    Preferred Properties (KW)

    (305) 304-7359

    21 Total Sales

    Allan Leder
    Section Image
  • Sarah Eckert

    Buyer's Agent in 2024

    Sarah Eckert

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (772) 501-6576

    15 Total Sales

    Sarah Eckert
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 608542

Key West Association of REALTORS®

APN: 00200270-000000

Florida Monroe County Summerland Key 33042

25083 Palm Ln, Summerland Key, FL

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