NOT LISTED FOR SALE

481 E Shore Dr Summerland Key, FL 33042

Estimated Value: $2,156,000 - $5,631,000

3 Beds
3 Baths
2,088 Sq Ft
$2,039/Sq Ft Est. Value

Last Sold April 29, 2016

Last sale price $1,000,000 $479 Per Sq Ft

Est. 326% increase in value since last sale

Current estimated payment $23,322/month

670 Days on Market

Highlights

  • Airstrip
  • Dock made with wood
  • Waterfront
  • Boat Ramp
  • Boat Lift
  • 46,605 Sq Ft lot

About This Home

As of April 2016

3BD/3BA located on Summerland Beach on an acre of natural vegetation with gorgeous sunrise views. Home features two master bedrooms with en-suite bathrooms, one on the upper level and the second one on the main level, guest bedroom and bath on main floor, spacious screened porch, barrel tile roof, tiki hut, wood dock, boat lift, boat and covered parking. Great investment property or family home.

Last Agent to Sell the Property

Ariane Wolgamott

Berkshire Hathaway HomeServices Keys Real Estate License #3268570 Listed on: 03/12/2014

Berkshire Hathaway HomeServices Keys Real Estate

Last Buyer's Agent

Ariane DeWitt

Century 21 Island Life BPK

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,303

Year Built

  • Built in 1992

Lot Details

  • 1.07 Acre Lot
  • Waterfront
  • Property is zoned SR - Sub Urban Residential District

Home Design

  • Tile Roof

Interior Spaces

  • 2,088 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Awning
  • Blinds
  • Sliding Doors
  • Storage
  • Water Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

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

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • Covered Parking
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Boat Lift
  • Dock made with wood
  • Screened Patio
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Aerobic Septic System

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 1
  • Assessor Parcel Number 00200600-000000

Community Details

Overview

  • No Home Owners Association
  • Summerland Beach Subdivision

Recreation

  • Boat Ramp

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,303

Year Built

Built in 1992

Lot Details

1.07 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Community Boat Ramp
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 17303.00
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking
  • Year Built: 1992
  • Alternate Key Number: 1263893
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 46605.00
  • Porch Balcony: Screened Patio
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 2088.00
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Walk-in Closet(s), Storage
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Carpet, Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Awning Windows, Other Windows/Doors, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut
  • Roof: Tile Roof
  • Waterview: Open Water View
  • Pool: No

Utilities

  • Utilities: Aerobic System, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE-10
  • Parcel Number: 00200600-000000
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 12, 2014
Closed on
Apr 29, 2016
Sold by
Burkard John E and Burkard Ava S
Bought by
Montadas Eduardo A
Seller's Agent
Ariane Wolgamott
Berkshire Hathaway HomeServices Keys Real Estate
Buyer's Agent
Ariane DeWitt
Century 21 Island Life BPK
List Price
$1,395,000
Sold Price
$1,000,000
Premium/Discount to List
-$395,000
-28.32%
Current Estimated Value
$4,256,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,256,907
Avg. Annual Appreciation
15.91%
Original Mortgage
$800,000
Outstanding Balance
$632,731
Interest Rate
3.71%
Mortgage Type
New Conventional
Estimated Equity
$3,624,176

Purchase Details

Closed on
Apr 28, 2000
Bought by
Montadas Eduardo A

Purchase Details

Closed on
Mar 17, 1999
Bought by
Montadas Eduardo A

Purchase Details

Closed on
Aug 5, 1997
Sold by
Lynn Douglas and Lynn Bell
Bought by
Lassoff David

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
7.61%

Purchase Details

Closed on
Sep 1, 1992
Bought by
Montadas Eduardo A

Purchase Details

Closed on
Sep 1, 1989
Bought by
Montadas Eduardo A

Purchase Details

Closed on
Jan 1, 1981
Bought by
Montadas Eduardo A

Purchase Details

Closed on
Nov 1, 1977
Bought by
Montadas Eduardo A
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
Montadas Eduardo A $1,000,000 None Available
Montadas Eduardo A $700,000 --
Montadas Eduardo A $500,000 --
Lassoff David $700,000 --
Montadas Eduardo A $340,000 --
Montadas Eduardo A $215,000 --
Montadas Eduardo A $22,500 --
Montadas Eduardo A $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Montadas Eduardo A $800,000
Previous Owner Lassoff David $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/29/2016 04/29/16 Sold $1,000,000 -28.3% $479 / Sq Ft
01/11/2016 01/11/16 Pending -- -- --
03/12/2014 03/12/14 For Sale $1,395,000 -- $668 / 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 $17,493 $2,112,012 $1,471,733 $640,279
2024 $16,379 $2,215,794 $1,613,936 $601,858
2023 $16,379 $2,160,483 $1,582,335 $578,148
2022 $15,147 $2,008,539 $1,424,332 $584,207
2021 $13,397 $1,390,428 $871,319 $519,109
2020 $14,771 $1,525,452 $974,867 $550,585
2019 $14,711 $1,512,341 $954,767 $557,574
2018 $14,977 $1,496,888 $1,075,369 $421,519
2017 $14,705 $1,481,074 $0 $0
2016 $14,221 $1,428,535 $0 $0
2015 $17,304 $1,683,597 $0 $0
2014 $17,918 $1,670,235 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2016

    Ariane Wolgamott

    Berkshire Hathaway HomeServices Keys Real Estate

    Section Image

  • A

    Buyer's Agent in 2016

    Ariane DeWitt

    Century 21 Island Life BPK

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 563740

Florida Keys Board of REALTORS®

APN: 00200600-000000

Florida Monroe County Summerland Key 33042

481 E Shore Dr, Summerland Key, FL

Not Listed for Sale

Detached

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