NOT LISTED FOR SALE

477 Pirates Rd Summerland Key, FL 33042

Estimated Value: $855,000 - $975,753

4 Beds
2 Baths
1,638 Sq Ft
$550/Sq Ft Est. Value

Last Sold August 30, 2019

Last sale price $575,000 $351 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,323/month

379 Days on Market

Highlights

  • Boat Ramp
  • RV or Boat Parking
  • Home fronts a canal
  • Dock made with wood
  • RV Parking in Community
  • No HOA

About This Home

As of August 2019

Great opportunity for investment property, have the best of both, with this canal front duplex, rent one side long term and use the other for yourself. Located on Little Torch Key on a fantastic, deep draft, flow through boating canal, so clean even the manatees love it! Remodeled after Irma, new metal roof, impact windows, baths and tiled throughout! 60 foot dock, just minutes to the reef and back country. 2 bedroom, one bath on each side. Great neighborhood and great neighbors! Don't miss out on this one!

Last Agent to Sell the Property

Susan Rich

Select Properties of NWFL License #650750 Listed on: 07/04/2018

Co-Listed By

Jennifer Weeks

Select Properties of NWFL License #3258844

Last Buyer's Agent

Karen Angle

Coldwell Banker Schmitt Real Estate Co. License #3125374

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,659

Year Built

  • Built in 1984 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,638 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Storage
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

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

Bedrooms and Bathrooms

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

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Carport
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Dock made with wood
  • Outdoor Storage

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00215190-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Jolly Roger Estates Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Boat Ramp

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,659

Year Built

Built in 1984 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Wood
  • Dockage Dock Length: 60
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Little Torch Key
  • Limited Representation: No
  • Mile Marker: 28.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3658.62
  • Vehicle Storage: Carport, Open Parking, RV Parking Open
  • Vehicle Storage Cars: 4+
  • Year Built: 1984
  • Alternate Key Number: 1282421
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 6000.00
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1638.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Walk-in Closet(s), Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Refrigerator, Range, Oven
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 4
  • Accessibility Features: None

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Cable Available, Water Separate Meter, Elect Separate Meter, Septic Tank, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00215190-000000
  • Lot Size: 60X100
  • 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: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 25, 2024
Sold by
Colovos Jeffrey A
Bought by
Jeffrey A Colovos 2024 Revocable Trust and Colovos
Current Estimated Value
$901,438

Purchase Details

Listed on
Jul 4, 2018
Closed on
Aug 30, 2019
Sold by
Gunter Chad Edwards
Bought by
Colovos Jeffrey A
Seller's Agent
Susan Rich
Select Properties of NWFL
Buyer's Agent
Karen Angle
Coldwell Banker Schmitt Real Estate Co.
List Price
$649,000
Sold Price
$575,000
Premium/Discount to List
-$74,000
-11.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.62%
Original Mortgage
$250,000
Interest Rate
3.7%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2012
Sold by
Gunter Chad E
Bought by
Gunter Chad Edwards and Chad Edwards Gunter Revocable Trust

Purchase Details

Closed on
Oct 19, 2004
Sold by
Lovering Guy
Bought by
Gunter Chad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 1, 1987
Bought by
Gunter Chad Edwards Revocable Trust 8/15/2001

Purchase Details

Closed on
Mar 1, 1984
Bought by
Gunter Chad Edwards Revocable Trust 8/15/2001
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
Jeffrey A Colovos 2024 Revocable Trust -- None Listed On Document
Colovos Jeffrey A $575,000 True Title Agency Inc
Gunter Chad Edwards -- Attorney
Gunter Chad $525,000 Chicago Title Fl Keys Inc
Gunter Chad Edwards Revocable Trust 8/15/2001 $132,000 --
Gunter Chad Edwards Revocable Trust 8/15/2001 $23,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Colovos Jeffrey A $250,000
Previous Owner Gunter Chad $420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/30/2019 08/30/19 Sold $575,000 -11.4% $351 / Sq Ft
07/18/2019 07/18/19 Pending -- -- --
07/04/2018 07/04/18 For Sale $649,000 -- $396 / 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 $6,515 $661,990 $357,000 $304,990
2023 $6,515 $625,794 $327,000 $298,794
2022 $6,086 $578,938 $273,000 $305,938
2021 $5,737 $470,447 $204,750 $265,697
2020 $5,772 $470,577 $201,600 $268,977
2019 $5,583 $448,988 $240,000 $208,988
2018 $5,398 $418,894 $231,000 $187,894
2017 $5,051 $398,931 $0 $0
2016 $4,798 $355,990 $0 $0
2015 $4,680 $336,292 $0 $0
2014 $4,444 $285,373 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2019

    Susan Rich

    Select Properties of NWFL

    (305) 923-1496

    13 Total Sales

    Susan Rich
    Section Image
  • Jennifer Weeks

    Seller Co-Listing Agent in 2019

    Jennifer Weeks

    Select Properties of NWFL

    (305) 509-2439

    42 Total Sales

    Jennifer Weeks
    Section Image
  • Karen Angle

    Buyer's Agent in 2019

    Karen Angle

    Coldwell Banker Schmitt Real Estate Co.

    (305) 903-3373

    20 Total Sales

    Karen Angle
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580919

Florida Keys Board of REALTORS®

APN: 00215190-000000

Florida Monroe County Summerland Key 33042

477 Pirates Rd, Summerland Key, FL

This home is located at 477 Pirates Rd, Summerland Key, FL 33042 since 04 July 2018 and is currently estimated at $901,438, approximately $550 per square foot. This property was built in 1984. 477 Pirates Rd is a home located in Monroe County with nearby schools including Sugarloaf School, Key West High School, and Big Pine Academy.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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