NOT LISTED FOR SALE

5 Driftwood Dr Key West, FL 33040

Estimated Value: $1,999,045 - $2,567,000

3 Beds
3 Baths
2,149 Sq Ft
$1,093/Sq Ft Est. Value

Last Sold February 29, 2016

Last sale price $1,109,000 $516 Per Sq Ft

Est. 112% increase in value since last sale

Current estimated payment $13,898/month

60 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Cathedral Ceiling
  • Workshop
  • Boat Lift
  • No HOA
  • Complete Roll Down Shutters

About This Home

As of February 2016

Incredible waterfront home with canal access on one of the best streets in Key Haven. Elevated on a large 8,250 SF lot is your ideal home for entertaining guests & relaxing with the family. As you walk into this 3BD/3BA house you will immediately notice the open floor plan & high ceilings. Natural light brightens each and every room as it enters through the floor-to-ceiling glass doors & windows that span the living room and overlook the water. Amateur & master chefs alike dream of this coastal-living kitchen that boasts limitless cabinet & counter top space, along with a large semi-circular island perfect for cocktail parties & casual dinners. Walk into the backyard & enjoy the privacy that the tropical landscape lining your yard provides. Storm shutters keep your home safe & solid. Garag

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 12/14/2015

Co-Listed By

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Last Buyer's Agent

Robin Mitchell

Compass Realty Branch (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,076

Year Built

  • Built in 1992

Lot Details

  • 8,250 Sq Ft Lot
  • Property fronts gulf or ocean
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Property Views

  • Gulf
  • Canal

Home Design

  • Metal Roof

Interior Spaces

  • 2,149 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Sliding Doors
  • Workshop
  • Storage
  • Utility Room
  • Tile Flooring
  • Complete Roll Down Shutters

Kitchen

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

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Off-Street Parking

Outdoor Features

  • Boat Lift
  • Outdoor Storage

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • Key Haven 10Th Add Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,076

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Dockage Dock: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Haven
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 5.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8076.00
  • Title: Negotiable
  • Vehicle Storage: Covered Parking, Off Street Parking, Garage
  • Vehicle Storage Cars: 2
  • Year Built: 1992
  • Alternate Key Number: 1174181
  • Building Style Stilt Column Height: LZVZI459X2Q
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 8250.00
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 2149.00
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Washer, Refrigerator, Oven, Microwave
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Utility Room, Workshop
  • Windows/Doors: Aluminum Windows, Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front, Gulf Front
  • Waterfront: Yes
  • Construction: CBS, Combo Construction
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.19

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 14, 2015
Closed on
Feb 23, 2016
Sold by
Christian Sterling J and Christian Constance R
Bought by
Chapman Donald H and Chapman Sarah H
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Robin Mitchell
Compass Realty Branch (KW)
List Price
$1,159,000
Sold Price
$1,109,000
Premium/Discount to List
-$50,000
-4.31%
Current Estimated Value
$2,349,761

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,240,761
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
Sep 28, 2006
Sold by
Christian Sterling J and Christian Constance R
Bought by
Christian Sterling J and Christian Constance R

Purchase Details

Closed on
Jan 27, 2005
Sold by
Christian Sterling J and Christian Constance R
Bought by
Christian Sterling J and Christian Constance R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jan 4, 2002
Sold by
Sterling J Christian M and Constance R Christian M
Bought by
Christian Sterling J/C R Trust

Purchase Details

Closed on
Apr 2, 2001
Bought by
Chapman Donald H and Chapman Sarah H

Purchase Details

Closed on
Dec 31, 1996
Sold by
Woolley Harry L and Woolley Janet S
Bought by
Boettger Richard D and Boettger Michelle K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,000
Interest Rate
7.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1992
Bought by
Chapman Donald H and Chapman Sarah H
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
Chapman Donald H $1,109,000 Attorney
Christian Sterling J -- Attorney
Christian Sterling J -- --
Christian Sterling J/C R Trust -- --
Chapman Donald H $653,000 --
Boettger Richard D $445,000 --
Chapman Donald H $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Christian Sterling J $417,000
Previous Owner Christian Sterling J $417,000
Previous Owner Christian Sterling J $0
Previous Owner Christian Sterling J $617,000
Previous Owner Christian Sterling J $400,000
Previous Owner Christian Sterling J $650,000
Previous Owner Boettger Richard D $570,000
Previous Owner Boettger Richard D $356,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/29/2016 02/29/16 Sold $1,109,000 -4.3% $516 / Sq Ft
02/12/2016 02/12/16 Pending -- -- --
12/14/2015 12/14/15 For Sale $1,159,000 -- $539 / 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 $13,438 $1,628,372 -- --
2023 $13,438 $1,575,604 $1,030,838 $544,766
2022 $10,447 $1,297,942 $757,350 $540,592
2021 $9,654 $1,013,191 $525,938 $487,253
2020 $9,716 $1,009,811 $525,938 $483,873
2019 $9,820 $1,016,885 $525,938 $490,947
2018 $9,981 $1,004,977 $514,532 $490,445
2017 $9,456 $958,428 $0 $0
2016 $8,122 $793,180 $0 $0
2015 $8,076 $763,242 $0 $0
2014 $7,676 $688,163 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Spottswood

    Seller's Agent in 2016

    Terri Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    336 Total Sales

    Terri Spottswood
    Section Image
  • Team Spottswood/Vazquez

    Seller Co-Listing Agent in 2016

    Team Spottswood/Vazquez

    Truman & Co. (KW)

    (305) 395-1777

    338 Total Sales

    Team Spottswood/Vazquez
    Section Image

  • R

    Buyer's Agent in 2016

    Robin Mitchell

    Compass Realty Branch (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122526

Florida Keys Board of REALTORS®

APN: 00140040-000000

Florida Monroe County Key West 33040

5 Driftwood Dr, Key West, FL

This home is located at 5 Driftwood Dr, Key West, FL 33040 since 14 December 2015 and is currently estimated at $2,349,761, approximately $1,093 per square foot. This property was built in 1992. 5 Driftwood Dr is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and Sigsbee Charter School.

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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