NOT LISTED FOR SALE

500 First St Key Largo, FL 33037

Estimated Value: $1,153,291 - $1,502,000

3 Beds
3 Baths
1,092 Sq Ft
$1,158/Sq Ft Est. Value

Last Sold December 17, 2021

Last sale price $1,050,000 $962 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $7,084/month

1 Day on Market

Highlights

  • Boat Ramp
  • Beach
  • In Ground Pool
  • Plantation Key School Rated A-
  • Boat Slip
  • 1-minute walk to Old Settler's Park

About This Home

As of December 2021

Beautifully maintained and updated Key West style Tavernier home with 3 bedrooms, 3 full baths and inground pool make this home a must see. Gourmet chefs kitchen with all wood cabinetry, FiveStar gas range, soapstone countertops, custom tile backsplash. Master bath is large and beautiful with abalone shell tiles and custom leaded glass window. Guest bedroom has en suite with new vanity, and marble tile accents. Outside speaks for itself with decking and inground pool on over a third of an acre THREE minutes to Atlantic Ocean from your boat slip. Custom details throughout include; solid doors, glass knob hardware, coffered ceiling, custom leaded glass transom and continuous wood strand plank flooring. Owner is licensed FL Realtor.

Last Agent to Sell the Property

Kym Papp

Postcard Properties, Inc. License #3230979 Listed on: 12/06/2021

Last Buyer's Agent

Kym Papp

RE/MAX Keys Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,463

Year Built

  • Built in 1961

Lot Details

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

Home Design

  • Metal Roof
  • HardiePlank Siding
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,092 Sq Ft Home
  • Ceiling Fan
  • Some Wood Windows
  • Canal Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms
  • Dual Flush Toilets

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Guest Parking

Pool

  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Boat Slip
  • Balcony
  • Deck
  • Patio
  • Shed

Utilities

  • Central Air
  • Propane
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00446560-000000

Community Details

Overview

  • No Home Owners Association
  • Ocean Park Village Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,463

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 92.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Other Area Features, Community Boat Ramp, Community Pool
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 5462.68
  • Vehicle Storage: Attached, Garage, Guest Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1961
  • Alternate Key Number: 1546232
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 15195.00
  • Pool Info: Decked, In Ground
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Shutters: Other
  • Tax Exemptions: Homestead
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1092.00
  • Financial Status Standard Sale: Yes
  • G F Interior Features: Dual Flush
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Dade County Pine
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Wine Cooler, Washer, Refrigerator, Oven, More Appliances, Microwave, Gas Appliances, Dryer
  • Floor: Marble, Wood, Tile
  • Specialty Rooms: Other
  • Windows/Doors: Wood Windows
  • Total Bedrooms: 3
  • Sq Ft Remarks: Pre Firm downstairs bedroom and full bath with separate entrance adding an extra 400 Square feet.

Exterior Features

  • Dockage: Boat Slip, Other Dockage
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Combo Construction, Stucco, Hardi Board Siding, Concrete
  • Exterior Features: Shed
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00446560-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.35

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 6, 2014
Closed on
Nov 21, 2014
Sold by
Sheekey Bruce P and Sheekey Audrey F
Bought by
Papp John Scott and Papp Kym M
Seller's Agent
Margo Newman
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Kym Papp
RE/MAX Keys Properties
List Price
$499,000
Sold Price
$455,000
Premium/Discount to List
-$44,000
-8.82%
Current Estimated Value
$1,264,323

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$809,323
Avg. Annual Appreciation
9.59%
Original Mortgage
$409,500
Interest Rate
4.5%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Papp John Scott $455,000 Sunshine Title Of Keys Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Papp John Scott $409,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/17/2021 12/17/21 Sold $1,050,000 +2.4% $962 / Sq Ft
12/07/2021 12/07/21 Pending -- -- --
12/06/2021 12/06/21 For Sale $1,025,000 +125.3% $939 / Sq Ft
11/21/2014 11/21/14 Sold $455,000 -8.8% $417 / Sq Ft View Prior Sale
10/17/2014 10/17/14 Pending -- -- --
06/06/2014 06/06/14 For Sale $499,000 -- $457 / 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
2025 $6,461 $727,178 -- --
2024 $6,225 $706,685 -- --
2023 $6,225 $686,102 $0 $0
2022 $6,069 $666,119 $318,297 $347,822
2021 $5,479 $560,238 $0 $0
2020 $5,463 $552,503 $0 $0
2019 $5,372 $540,082 $0 $0
2018 $5,411 $530,012 $0 $0
2017 $4,607 $449,353 $0 $0
2016 $4,643 $440,111 $0 $0
2015 $4,685 $386,847 $0 $0
2014 $4,420 $354,661 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • K

    Seller's Agent in 2021

    Kym Papp

    Postcard Properties, Inc.

    Section Image

  • M

    Seller's Agent in 2014

    Margo Newman

    Coldwell Banker Schmitt Islamorada

    (305) 393-3980

    8 in this area

    60 Total Sales

    Margo Newman
    Section Image
  • Brett Newman

    Seller Co-Listing Agent in 2014

    Brett Newman

    Coldwell Banker Schmitt Islamorada

    (305) 393-1770

    8 in this area

    100 Total Sales

    Brett Newman
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598714

Florida Keys Board of REALTORS®

APN: 00446560-000000

Florida Monroe County Key Largo 33037

500 First St, Key Largo, FL

Not Listed for Sale

Detached

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