NOT LISTED FOR SALE

59 Palmetto Dr Key West, FL 33040

Big Coppitt Key Neighborhood

Estimated Value: $857,000 - $1,083,000

3 Beds
2 Baths
1,200 Sq Ft
$794/Sq Ft Est. Value

Last Sold February 12, 2016

Last sale price $404,000 $337 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $5,530/month

98 Days on Market

Highlights

  • Home fronts a canal
  • Tile Flooring
  • Fenced
  • No HOA
  • Ceiling Fan
  • 1-minute walk to The Park

About This Home

As of February 2016

Potential short sale. Well built poured concrete home on canal with seawall. Very large screened in porch, runs the length of the house, over looking canal. Please see agent remarks. Buyer to pay a 1.5% negotiating fee for short sale. Please see agent remarks

Last Agent to Sell the Property

Elaine Coyle

Tropical Properties Real Estat (KW) Listed on: 11/05/2015

Last Buyer's Agent

Jeffrey Searcy

SBX Real Estate, LLC (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,241

Year Built

  • Built in 1988

Lot Details

  • 8,720 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned IS - Improved Subivision District

Home Design

  • Metal Roof

Interior Spaces

  • 1,200 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring
  • Canal Views
  • Oven

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Covered Parking

Utilities

  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • Coppitt Extension Subdivision

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,241

Year Built

Built in 1988

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
  • Financial Status Potential Short Sale: Yes
  • Key Island: Big Coppitt
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 10.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3241.00
  • Title: Title Ins - Seller
  • Vehicle Storage: Covered Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1988
  • Alternate Key Number: 1199753
  • Building Style Stilt Column Height: LZVZI459X2Q
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 8720.00
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 1200.00
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Oven, Refrigerator
  • Floor: Tile
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.20

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 8, 2002
Sold by
Robert J Ivory M and Ivory M Dorothy S
Bought by
Brown Daniel S and Brown Katherine
Total Days on Market
98
Current Estimated Value
$952,281

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$252,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 7, 1995
Sold by
Sellers Fred
Bought by
Ivory Robert J and Ivory Dorothy S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.76%

Purchase Details

Closed on
Feb 3, 1994
Sold by
Surina Rentals Inc
Bought by
Sellers Fred

Purchase Details

Closed on
Aug 2, 1993
Sold by
Surina Decastro Guarionex and Surina De Castro
Bought by
Surina Rental Inc

Purchase Details

Closed on
Aug 1, 1993
Bought by
Murphy Anthony

Purchase Details

Closed on
Feb 1, 1988
Bought by
Murphy Anthony

Purchase Details

Closed on
Oct 1, 1980
Bought by
Murphy Anthony
Source: Public Records

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Range of Values:

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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
Brown Daniel S $315,000 --
Ivory Robert J $180,000 --
Sellers Fred $125,000 --
Surina Rental Inc $768,000 --
Murphy Anthony -- --
Murphy Anthony $30,000 --
Murphy Anthony $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Brown Daniel S $454,750
Closed Brown Daniel S $85,000
Closed Brown Daniel S $255,750
Closed Brown Daniel S $252,000
Previous Owner Ivory Robert J $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/12/2016 02/12/16 Sold $404,000 -4.9% $337 / Sq Ft
02/11/2016 02/11/16 Pending -- -- --
11/05/2015 11/05/15 For Sale $425,000 -- $354 / 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 $5,723 $842,018 $579,880 $262,138
2023 $5,723 $758,253 $505,324 $252,929
2022 $4,940 $581,942 $347,928 $234,014
2021 $4,581 $458,884 $248,520 $210,364
2020 $4,227 $414,439 $231,952 $182,487
2019 $4,307 $421,639 $236,094 $185,545
2018 $4,253 $404,525 $243,550 $160,975
2017 $4,239 $407,162 $0 $0
2016 $2,799 $288,471 $0 $0
2015 $3,154 $286,466 $0 $0
2014 $3,241 $284,192 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2016

    Elaine Coyle

    Tropical Properties Real Estat (KW)

  • J

    Buyer's Agent in 2016

    Jeffrey Searcy

    SBX Real Estate, LLC (KW)

  • J

    Buyer's Agent in 2016

    Jeff Searcy

    ICAMCO Realty LLC, dba Cosgrove Realty

    (305) 923-8951

    1 Total Sale

    Jeff Searcy
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122375

Florida Keys Board of REALTORS®

APN: 00154270-000000

Florida Monroe County Key West 33040 Big Coppitt Key

59 Palmetto Dr, Key West, FL

This home is located at 59 Palmetto Dr, Key West, FL 33040 since 05 November 2015 and is currently estimated at $952,281, approximately $793 per square foot. This property was built in 1988. 59 Palmetto Dr is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High 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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