NOT LISTED FOR SALE

551 Pine Ln Big Pine Key, FL 33043

Estimated Value: $926,000 - $1,264,000

3 Beds
3 Baths
2,104 Sq Ft
$510/Sq Ft Est. Value

Last Sold April 24, 2020

Last sale price $545,000 $259 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $6,166/month

55 Days on Market

Highlights

  • Boat Lift
  • Quartz Countertops
  • Stainless Steel Appliances
  • Home fronts a canal
  • No HOA
  • Impact Glass

About This Home

As of April 2020

No expense was spared on this newly remodeled concrete home. Large concrete home on a large very private waterfront lot in a quiet neighborhood. Lush tropical landscaping surrounds this 3 Bedroom 3 bath 2 story home, 50 ft wide canal and less than 5 minutes to Bogie channel, 10,000 lb boat lift with all new bottom boards. This home is walking distance to the newly updated community park with a variety of community events happening often. The list of recent updates will be located in the documents

Last Agent to Sell the Property

Sarah Dolson

Coldwell Banker Schmitt Real Estate Co. (KW) Listed on: 01/10/2020

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,881

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 10,275 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Parking

  • Off-Street Parking

Interior Spaces

  • 2,104 Sq Ft Home
  • Wet Bar
  • Ceiling Fan
  • Storage
  • Tile Flooring
  • Canal Views
  • Impact Glass

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Seawall
  • Boat Lift
  • Patio

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Septic Tank

Community Details

  • No Home Owners Association
  • Whispering Pines Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,881

Year Built

Built in 1963 | Remodeled

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
  • Control Depth: 7
  • Dockage Seawall: Concrete
  • Document Count: 3
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Big Pine Key
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 30.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2881.22
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1963
  • Alternate Key Number: 1358339
  • Cooling Heating: Ceiling Fans(s), Heat, Ductless, Central Air
  • Lot Sq Ft: 10275.00
  • Porch Balcony: Patio
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2104.00
  • Financial Status Auction: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Quartz Countertops, Storage, Wet Bar
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Wine Cooler, Washer, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Combo Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Septic Tank

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.24

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 10, 2020
Closed on
May 4, 2020
Sold by
Drew Alexander M and Drew Sandy
Bought by
Bruno Louis Joseph
Seller's Agent
Sarah Dolson
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$599,999
Sold Price
$545,000
Premium/Discount to List
-$54,999
-9.17%
Current Estimated Value
$1,073,241

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,241
Avg. Annual Appreciation
13.24%
Original Mortgage
$463,250
Outstanding Balance
$412,787
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$660,454

Purchase Details

Listed on
Jan 10, 2020
Closed on
Apr 24, 2020
Sold by
Drew Alexander M and Drew Sandy
Bought by
Bruno Louis Joseph
Seller's Agent
Sarah Dolson
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$599,999
Sold Price
$545,000
Premium/Discount to List
-$54,999
-9.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$463,250
Outstanding Balance
$412,787
Interest Rate
3.6%
Mortgage Type
New Conventional
Estimated Equity
$660,454

Purchase Details

Listed on
Jan 10, 2014
Closed on
Jun 17, 2014
Sold by
Hutton Suzanne
Bought by
Drew Alexander M and Drew Sandy
Seller's Agent
Rhonda Williams
Select Properties of NWFL
Buyer's Agent
Moe Smyth
Coldwell Banker Schmitt RE Co.
List Price
$430,000
Sold Price
$396,000
Premium/Discount to List
-$34,000
-7.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.61%
Original Mortgage
$376,200
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 8, 1995
Sold by
Elliott Martin C
Bought by
Hutton Suzanne and Hutton Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$155,000
Interest Rate
7.48%

Purchase Details

Closed on
Aug 1, 1989
Bought by
Drew Alexander M and Drew Sandy
Source: Public Records

Range of Values:

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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
Bruno Louis Joseph $7,687,857 None Listed On Document
Bruno Louis Joseph $7,687,857 None Listed On Document
Drew Alexander M $396,000 True Title Agency Inc
Hutton Suzanne $175,000 --
Drew Alexander M $128,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bruno Louis Joseph $463,250
Closed Bruno Louis Joseph $463,250
Previous Owner Drew Alexander M $376,200
Previous Owner Hutton Suzanne $155,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/24/2020 04/24/20 Sold $545,000 -9.2% $259 / Sq Ft
01/10/2020 01/10/20 For Sale $599,999 +51.5% $285 / Sq Ft
06/18/2014 06/18/14 Sold $396,000 -7.9% $188 / Sq Ft
04/11/2014 04/11/14 Pending -- -- --
01/10/2014 01/10/14 For Sale $430,000 -- $204 / 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 $5,716 $645,037 -- --
2023 $5,716 $626,250 $0 $0
2022 $5,566 $608,010 $313,388 $294,622
2021 $4,846 $452,059 $190,088 $261,971
2020 $5,366 $504,332 $190,088 $314,244
2019 $2,881 $275,136 $0 $0
2018 $3,299 $313,169 $163,450 $149,719
2017 $3,578 $345,590 $0 $0
2016 $3,597 $338,482 $0 $0
2015 $3,695 $336,129 $0 $0
2014 $2,139 $176,294 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 589099

Florida Keys Board of REALTORS®

APN: 00286150-000000