NOT LISTED FOR SALE

427 Palm Dr Islamorada, FL 33036

Estimated Value: $3,143,000 - $3,637,000

3 Beds
2 Baths
1,559 Sq Ft
$2,200/Sq Ft Est. Value

Last Sold October 31, 2019

Last sale price $1,830,500 $1,174 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $19,274/month

318 Days on Market

Highlights

  • Dock made with concrete
  • Concrete Pool
  • 0.46 Acre Lot
  • Plantation Key School Rated A-
  • Gulf View
  • Home fronts a canal

About This Home

As of October 2019

This Quintessential Keys Cottage in Safety Harbor has 200 ft. of dockage. The home has been owned by the same family since 1988 and it is now time for a new family to make wonderful memories in the Keys. The pool is the perfect place to enjoy the sunshine or cool off after a day of fun on the water while the dock gazebo features a sink and built in grill and is the perfect place to relax in the shade. Inside the home you will find an open living area which is open to the Florida Room and kitchen. Numerous French doors open to the backyard and pool deck. The vacant lot adjacent to the house can be separated and sold should you desire. Don't miss the opportunity to make this extraordinary property your Piece of Paradise!

Last Agent to Sell the Property

Alina Davis

Coldwell Banker Schmitt Islamorada License #3216995 Listed on: 11/26/2018

Coldwell Banker Schmitt Islamorada

Last Buyer's Agent

Vanessa J. Chamizo, Professional Agent

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,437

Year Built

  • Built in 1962

Lot Details

  • 0.46 Acre Lot
  • Home fronts a canal
  • Property is zoned R1 - Residential Single Family

HOA Fees

  • $8 Monthly HOA Fees

Property Views

  • Gulf
  • Canal

Interior Spaces

  • 1,559 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Casement Windows
  • French Doors
  • Sun or Florida Room
  • Storage
  • Complete Electric Power Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Parquet
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Davits
  • Rip-Rap
  • Dock made with concrete
  • Balcony
  • Patio
  • Lanai
  • Gazebo
  • Shed

Location

  • Ground Level

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Association fees include common area mnt
  • Safety Harbor Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Assessor Parcel Number 00391470-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,437

Year Built

Built in 1962

Lot Details

0.46 Acres

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
  • Dockage Dock: Concrete
  • Dockage Seawall: Rip Rap
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Lower Matecumbe
  • Limited Representation: No
  • Mile Marker: 74.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 9437.32
  • Title: Title Ins - Buyer
  • Vehicle Storage: Guest Parking, Trailer Storage, Off Street Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1962
  • Alternate Key Number: 1479799
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 20000.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Accordion, Roll Down Electric
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1559.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Microwave, Refrigerator, Range, Oven, Dryer
  • Floor: Carpet, Tile, Parquet
  • Specialty Rooms: Laundry Room, Sun/Florida Room
  • Windows/Doors: Aluminum Windows, French Doors, Casement
  • Total Bedrooms: 3
  • Sq Ft Remarks: The lots can be separated per Property Appraiser and Village of Islamorada

Exterior Features

  • Dockage: Davits
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Gazebo, Shed, Storage, Lanai
  • Roof: Other Roof
  • Waterview: Bay/Gulf View, Open Water View, Canal View
  • Pool: Yes

Utilities

  • Utilities: Cable Available, Municipal Sewer, Elect Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00391470-000000
  • Lot Size: 200 x 100
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.46

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 26, 2018
Closed on
Nov 4, 2019
Sold by
William L Ockerlund Living Trust
Bought by
Second Amended And Restated Be
Seller's Agent
Alina Davis
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Vanessa J. Chamizo, Professional Agent
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
List Price
$2,300,000
Sold Price
$1,830,500
Premium/Discount to List
-$469,500
-20.41%
Current Estimated Value
$3,430,575

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,600,075
Avg. Annual Appreciation
10.43%
Original Mortgage
$1,372,875
Outstanding Balance
$1,199,773
Interest Rate
3.7%
Estimated Equity
$2,230,802

Purchase Details

Closed on
Jun 22, 2010
Sold by
Johnson Thomas
Bought by
Ockerlund William L

Purchase Details

Closed on
Dec 10, 2007
Sold by
Johnson Ralph L
Bought by
Tyler Duane M and Joyce M Johnson 2007 Lifetime Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.65%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 6, 2005
Sold by
Johnson Ralph L
Bought by
Johnson Ralph L and Ralph L Johnson Revocable Trust

Purchase Details

Closed on
Apr 1, 1988
Bought by
Ockerlund William L Living Trust 12/24/1998
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Second Amended And Restated Be $1,830,500 New Title Company Name
Ockerlund William L $950,000 Coral Reef Title Company
Tyler Duane M -- First American Title Ins
Johnson Ralph L -- --
Ockerlund William L Living Trust 12/24/1998 $175,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Second Amended And Restated Be $1,372,875
Previous Owner Tyler Duane M $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2019 10/31/19 Sold $1,830,500 -20.4% $1,174 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
11/26/2018 11/26/18 For Sale $2,300,000 -- $1,475 / Sq Ft
Source: Florida Keys Board of REALTORS®

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
2025 $19,756 $2,829,395 $2,363,340 $466,055
2024 $19,756 $2,827,210 $2,363,340 $463,870
2023 $18,593 $2,636,316 $2,180,250 $456,066
2022 $15,853 $1,951,898 $1,486,650 $465,248
2021 $13,836 $1,360,806 $949,110 $411,696
2020 $15,191 $1,495,062 $1,079,160 $415,902
2019 $11,201 $1,194,106 $848,400 $345,706
2018 $9,575 $901,696 $612,000 $289,696
2017 $10,134 $980,369 $0 $0
2016 $10,217 $930,868 $0 $0
2015 $9,106 $838,912 $0 $0
2014 $9,335 $864,237 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 582982

Florida Keys Board of REALTORS®

APN: 00391470-000000

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