NOT LISTED FOR SALE

361 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $1,241,731 - $1,502,000

3 Beds
3 Baths
1,880 Sq Ft
$727/Sq Ft Est. Value

Last Sold February 24, 2023

Last sale price $865,000 $460 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $7,924/month

3 Days on Market

Highlights

  • Airstrip
  • RV or Boat Parking
  • Home fronts a canal
  • Boat Ramp
  • RV Parking in Community
  • No HOA

About This Home

As of February 2023

Summerland Key Cove. Peek-a-boo open water views. Oceanside of US1. 60 ft wide, flow-thru canal, boat ramp & concrete seawall with room for a pool 19X44 space. 3 story home boasting 1880 sq. ft. of living space. 3 bedroom, 3 bath with 10ft tall garage/storage. 1st, 2nd & 3rd stories have open and or covered patio balconies. The stairway is covered. Room for pool in back yard. Side yard has room for parking RV or cargo trailer or boat trailer. 2nd & 3rd story is above flood. AE-10 Flood zone, IS-Zoning, Tier 3, fencing allowed. Nearby Summerland Key Airport. So much potential.... Call for showing. Cash offers with proof of funds.

Last Agent to Sell the Property

Rose Dell

Keller Williams Key West Compass Realty License #643691 Listed on: 01/09/2023

Keller Williams Key West Compass Realty

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $749

Year Built

  • Built in 1988

Lot Details

  • 6,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,880 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • Storage
  • Canal Views

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Parking

  • Garage
  • RV or Boat Parking

Outdoor Features

  • Airstrip
  • Seawall
  • Boat Ramp
  • Balcony
  • Patio

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00193440=000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$749

Year Built

Built in 1988

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
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: 748.53
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, RV Parking Open, Trailer Storage
  • Year Built: 1988
  • Alternate Key Number: 1255327
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 1880.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Storage
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Refrigerator
  • Floor: Tile, Parquet
  • Appliances Other: stove top
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Frame
  • Roof: Metal Roof, Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE 10
  • Parcel Number: 00193440=000000
  • Lot Size: 60 x 100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 9, 2023
Closed on
Feb 24, 2023
Sold by
Hickman Boyd
Bought by
Cochran Mica Flournoy and Cochran Sheryl Ann
Seller's Agent
Rose Dell
Keller Williams Key West Compass Realty
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$925,000
Sold Price
$865,000
Premium/Discount to List
-$60,000
-6.49%
Views
14
Current Estimated Value
$1,366,933

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$501,933
Avg. Annual Appreciation
18.62%
Original Mortgage
$470,000
Outstanding Balance
$414,610
Interest Rate
5.17%
Mortgage Type
New Conventional
Estimated Equity
$952,323

Purchase Details

Closed on
May 1, 1978
Bought by
Hickman Boyd K
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
Cochran Mica Flournoy $865,000 --
Hickman Boyd K $8,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cochran Mica Flournoy $470,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/24/2023 02/24/23 Sold $865,000 -6.5% $460 / Sq Ft
01/09/2023 01/09/23 For Sale $925,000 -- $492 / Sq Ft
Source: Marathon and Lower Keys 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 $9,245 $972,360 $558,000 $414,360
2023 $9,245 $1,002,907 $606,000 $396,907
2022 $749 $616,706 $0 $0
2021 $716 $598,744 $0 $0
2020 $710 $590,478 $0 $0
2019 $705 $577,203 $226,500 $350,703
2018 $2,921 $274,397 $0 $0
2017 $2,843 $268,754 $0 $0
2016 $2,855 $263,227 $0 $0
2015 $2,932 $261,397 $0 $0
2014 $3,009 $259,322 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Rose Dell

    Seller's Agent in 2023

    Rose Dell

    Keller Williams Key West Compass Realty

    (305) 304-6045

    108 Total Sales

    Rose Dell
    Section Image
  • Lisa Ferringo

    Buyer's Agent in 2023

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    601 Total Sales

    Lisa Ferringo
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 603709

APN: 00193440-000000

Florida Monroe County Summerland Key 33042

361 Caribbean Dr E, Summerland Key, FL

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