NOT LISTED FOR SALE

391 Palm Dr Islamorada, FL 33036

Estimated Value: $1,369,000 - $2,790,000

4 Beds
3 Baths
2,112 Sq Ft
$891/Sq Ft Est. Value

Last Sold November 14, 2017

Last sale price $668,750 $317 Per Sq Ft

Est. 178% increase in value since last sale

Current estimated payment $10,856/month

197 Days on Market

Highlights

  • Dock made with concrete
  • Boat Ramp
  • Granite Countertops
  • Plantation Key School Rated A-
  • Home fronts a canal
  • Balcony

About This Home

As of November 2017

This is a fabulous opportunity at a great price! This home in the exclusive Safety Harbor neighborhood of Islamorada is move-in ready! 75 ft. of canalfront with a great dock, 20,000 lb 4-post boat lift and Chickee hut. The kitchen, living and dining areas as well as a full bath are on the lower level for easy access. Upstairs you will find an additional living area plus 4 bedrooms and 2 baths. There is plenty of room for parking cars, boats & trailers on the property and there is also a boat ramp for convenient launching of kayaks and paddleboards. All of this for an asking price of $699,000!!

Last Agent to Sell the Property

Alina Davis

Coldwell Banker Schmitt Islamorada License #3216995 Listed on: 03/17/2017

Coldwell Banker Schmitt Islamorada

Last Buyer's Agent

Mayra Alvarez

Coldwell Banker Real Estate - Kendall License #3014632

Coldwell Banker Real Estate - Kendall

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,405

Year Built

  • Built in 1969

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $8 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,112 Sq Ft Home
  • Wet Bar
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Carport
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Davits
  • Boat Ramp
  • Dock made with concrete
  • Balcony
  • Tiki or Chickee Hut

Utilities

  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • Safety Harbor Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00391710-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,405

Year Built

Built in 1969

Lot Details

0

HOA Fees

$8 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 100.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Lower Matecumbe
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 74.00
  • 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: Bay/Gulf
  • State Province: FL
  • Taxes: 6405.24
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Off Street Parking, Open Parking
  • Year Built: 1969
  • Alternate Key Number: 1480045
  • Lot Sq Ft: 7500.00
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Yearly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2112.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Granite Counter Top, Pantry, Wet Bar, Walk-in Closet(s)
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Washer, Refrigerator, Oven, Microwave
  • Floor: Tile
  • Total Bedrooms: 4

Exterior Features

  • Dockage: Boat Ramp, Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Frame, Combo Construction
  • Exterior Features: Chickee Hut
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, Elect Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE 6
  • Parcel Number: 00391710-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2017
Closed on
Nov 14, 2017
Sold by
Schmid Fredrick W
Bought by
Gonzalez Alejandra Julian and Gonzalez Heana Mereced
Seller's Agent
Alina Davis
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Mayra Alvarez
Coldwell Banker Real Estate - Kendall
List Price
$749,000
Sold Price
$668,750
Premium/Discount to List
-$80,250
-10.71%
Current Estimated Value
$1,859,038

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,190,288
Avg. Annual Appreciation
14.30%
Original Mortgage
$400,000
Outstanding Balance
$337,034
Interest Rate
3.88%
Mortgage Type
New Conventional
Estimated Equity
$1,544,730

Purchase Details

Closed on
Feb 9, 2004
Sold by
Hernandez Arturo F and Hernandez Martha
Bought by
Schmid Frederick W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
5.85%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 26, 1999
Sold by
Lorsch Julius B and Lorsch Barbara Lorsch
Bought by
Hernandez Arturo F and Hernandez Martha
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
Gonzalez Alejandra Julian $668,750 Horizon Title Services Inc
Schmid Frederick W $525,000 --
Hernandez Arturo F $220,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gonzalez Alejandra Julian $400,000
Previous Owner Schmid Frederick W $265,110
Previous Owner Schmid Frederick W $325,000
Previous Owner Hernandez Arturo F $66,000
Previous Owner Hernandez Arturo F $203,338
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2017 11/14/17 Sold $668,750 -10.7% $317 / Sq Ft
09/30/2017 09/30/17 Pending -- -- --
03/17/2017 03/17/17 For Sale $749,000 -- $355 / 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 $8,620 $1,158,470 $822,563 $335,907
2023 $8,620 $978,607 $652,031 $326,576
2022 $8,202 $955,381 $621,938 $333,443
2021 $7,111 $635,207 $337,050 $298,157
2020 $6,762 $596,324 $337,050 $259,274
2019 $6,788 $586,994 $323,963 $263,031
2018 $6,535 $566,241 $301,219 $265,022
2017 $6,575 $644,050 $0 $0
2016 $6,405 $593,922 $0 $0
2015 $5,524 $456,151 $0 $0
2014 $6,943 $598,048 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 574784

Florida Keys Board of REALTORS®

APN: 00391710-000000