NOT LISTED FOR SALE

506 Sound Dr Key Largo, FL 33037

Estimated Value: $1,708,000 - $2,583,000

3 Beds
4 Baths
2,771 Sq Ft
$778/Sq Ft Est. Value

Last Sold February 28, 2014

Last sale price $850,000 $307 Per Sq Ft

Est. 154% increase in value since last sale

Current estimated payment $11,533/month

20 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Boat Lift
  • Coral Shores High School Rated A
  • Steam Room
  • Maid or Guest Quarters

About This Home

As of February 2014

Open Water - Largo Sound -- with amazing sunrise views in the morning and gorgeous sunset views off the top deck in the evening. All concrete with elevator and impact glass windows. Ready for the most discriminating buyer. This is a short sale and the price and terms will be determined by the bank.

Last Agent to Sell the Property

Maryann Warren

Coldwell Banker - Ft. Lauderdale License #649421 Listed on: 01/30/2013

Coldwell Banker - Ft. Lauderdale

Last Buyer's Agent

Maryann Warren

Prudential Keyswide Properties

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $8,586

Year Built

  • Built in 1979

Lot Details

  • 7,200 Sq Ft Lot
  • Ocean Front
  • Property is zoned IS - Improved Subivision District

Home Design

  • Concrete Roof

Interior Spaces

  • 2,771 Sq Ft Home
  • Wet Bar
  • Bar
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Laundry Room
  • Steam Room
  • Granite Countertops
  • Tile Flooring
  • Ocean Views

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters
  • 4 Full Bathrooms
  • Whirlpool Bathtub

Home Security

  • Home Security System
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport
  • Guest Parking
  • Open Parking

Accessible Home Design

  • Accessible Elevator Installed

Outdoor Features

  • Seawall
  • Boat Lift

Utilities

  • Central Air
  • Septic Tank

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00475120-000000

Community Details

Overview

  • No Home Owners Association
  • Largo Sound Vill Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$8,586

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock Length: 60
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: Yes
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 104.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 8585.91
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking, Guest Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1979
  • Alternate Key Number: 1582239
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Heat
  • Lot Sq Ft: 7200.00
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 2771.00
  • Specialty Rooms Guest Servant Qtrs: Non-Conforming
  • Sewer Hook Up: No
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Wet Bar, Bar, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms, Security System, Elevator, Granite Counter Top, Entrance Foyer, Pantry, Split Bedroom
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: No Appliances
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Sauna/Steam Room
  • Windows/Doors: Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 3
  • Accessibility Features: Accessible Elevator Installed
  • Sq Ft Remarks: Downstairs bathroom permitted.

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Concrete Roof
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Security: On Premises System
  • Utilities: FKAA, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00475120-000000
  • Lot Size: 60 x 120
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2013
Closed on
Feb 28, 2014
Sold by
Rodriguez Jonathan
Bought by
Levine Steven
Seller's Agent
Maryann Warren
Coldwell Banker - Ft. Lauderdale
Buyer's Agent
Maryann Warren
Prudential Keyswide Properties
List Price
$1,000,000
Sold Price
$850,000
Premium/Discount to List
-$150,000
-15%
Current Estimated Value
$2,155,101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,305,101
Avg. Annual Appreciation
8.34%

Purchase Details

Closed on
Dec 11, 2006
Sold by
Rodriguez Jonathan and Rodriguez Lourdes M
Bought by
Rodriguez Jonathan

Purchase Details

Closed on
Sep 1, 2006
Sold by
Genevish Kenneth D and Genevish Susan A
Bought by
Rodriguez Jonathan and Rodriguez Lourdes M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$960,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 9, 2002
Sold by
Spaulding Galen and Spaulding Brooke
Bought by
Genevish Kenneth D and Genevish Susan A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
6.08%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 30, 1998
Sold by
Mann Ester J and David A Mann Tr
Bought by
Spaulding Galen and Spaulding Brooke

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$339,250
Interest Rate
7.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1992
Bought by
Levine Steven

Purchase Details

Closed on
Jan 1, 1978
Bought by
Levine Steven
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
Levine Steven $850,000 Attorney
Rodriguez Jonathan -- Attorney
Rodriguez Jonathan $1,825,000 Attorney
Genevish Kenneth D $775,000 Coral Reef Title Company
Spaulding Galen $379,900 --
Levine Steven $260,000 --
Levine Steven $27,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rodriguez Jonathan $960,000
Previous Owner Spaulding Galen $246,000
Previous Owner Genevish Kenneth D $300,000
Previous Owner Spaulding Galen $278,335
Previous Owner Spaulding Galen $130,000
Previous Owner Spaulding Galen $339,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/28/2014 02/28/14 Sold $850,000 -15.0% $307 / Sq Ft
02/19/2013 02/19/13 Pending -- -- --
01/30/2013 01/30/13 For Sale $1,000,000 -- $361 / 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 $748 $922,836 -- --
2023 $748 $895,958 $0 $0
2022 $744 $869,863 $0 $0
2021 $720 $844,528 $0 $0
2020 $722 $832,868 $0 $0
2019 $725 $814,143 $0 $0
2018 $723 $798,963 $0 $0
2017 $720 $782,530 $0 $0
2016 $726 $782,530 $0 $0
2015 $751 $768,778 $0 $0
2014 $8,081 $809,307 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 560203

Florida Keys Board of REALTORS®

APN: 00475120-000000