NOT LISTED FOR SALE

637 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $970,120 - $1,289,000

2 Beds
2 Baths
1,040 Sq Ft
$1,054/Sq Ft Est. Value

Last Sold March 15, 2021

Last sale price $725,000 $697 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $6,397/month

8 Days on Market

Highlights

  • Airstrip
  • RV or Boat Parking
  • Home fronts a canal
  • Boat Lift
  • RV Parking in Community
  • Screened Balcony

About This Home

As of March 2021

Looking looking for a beach home that is in move-in condition? Then look no further! Meticulously remodeled and maintained - stainless appliances, a Viking oven, glass backsplash, covered porch, downstairs storage, and a new metal roof. Situated on one of the premium canals in the Lower Keys. 10,000 lb boat lift - flow through canal, and quick boating access to the Atlantic or Gulf. You'll love the generous covered porch so you can watch the boats go by. Enjoy the great outdoors. Just 24 miles to Key West.

Last Agent to Sell the Property

Donna Pezzi

Keller Williams Key West Compass Realty License #3226338 Listed on: 01/04/2021

Keller Williams Key West Compass Realty

Last Buyer's Agent

Michele Adams

Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys License #3298570

Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,112

Year Built

  • Built in 1993 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

HOA Fees

  • $2 Monthly HOA Fees

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 1,040 Sq Ft Home
  • Shutters
  • French Doors
  • Storage
  • Tile Flooring
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Outdoor Shower
  • Airstrip
  • Boat Lift
  • Screened Balcony
  • Patio
  • Shed

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Community Details

  • Association fees include common area mnt
  • Summerland Key Cove Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00193210-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,112

Year Built

Built in 1993 | Remodeled

Lot Details

0

HOA Fees

$2 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 25.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Fee Includes: Common Area Mnt
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4111.58
  • Title: Title Ins - Buyer
  • Vehicle Storage: Garage, RV Parking Open, Covered Parking, Guest Parking, Open Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1993
  • Alternate Key Number: 1255092
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air, Heat
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Screened P/B, Patio
  • Association Maintenance Fee Per: Yearly
  • Shutters: Bahama, Panel
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1040.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Smoke Alarms, Window Treatments, Walk-in Closet(s), Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Lift, Other Dockage
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Stucco
  • Exterior Features: Outdoor Shower, Storage, Shed
  • Roof: Metal Roof
  • Waterview: Canal View

Utilities

  • Utilities: FKAA, Cable Available, Buyer to Verify, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00193210-000000
  • Lot Size: 60' x 100'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

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 4, 2021
Closed on
Mar 15, 2021
Sold by
Mortimer James and Hornyak Jodi
Bought by
Elliott Paul Favor and Elliott Emily Plummer
Seller's Agent
Donna Pezzi
Keller Williams Key West Compass Realty
Buyer's Agent
Michele Adams
Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys
List Price
$719,000
Sold Price
$725,000
Premium/Discount to List
$6,000
0.83%
Current Estimated Value
$1,096,530

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$371,530
Avg. Annual Appreciation
9.37%
Original Mortgage
$535,000
Outstanding Balance
$479,590
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$616,940

Purchase Details

Listed on
Aug 17, 2015
Closed on
Nov 18, 2015
Sold by
The Bank Of New York Mellon
Bought by
Mortimer James and Hornyak Jodi
Seller's Agent
Melva Borley
Sunshine State Realty Service
Buyer's Agent
Lena Mamone
Sunshine State Realty Services
List Price
$464,900
Sold Price
$442,000
Premium/Discount to List
-$22,900
-4.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.88%

Purchase Details

Closed on
Aug 25, 2015
Sold by
Rodriguez Lourdes and Rodriguez Hector J
Bought by
The Bank Of New York Mellon

Purchase Details

Closed on
Aug 4, 2015
Sold by
Rodriguez Lourdes and Case #44-2013-Ca-000420-Kw
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Mar 4, 2015
Sold by
Rodriguez Jonathan J
Bought by
Rodriguez Lourdes

Purchase Details

Closed on
May 16, 2005
Sold by
Rodriguez Hector J and Rodriguez Lourdes
Bought by
Rodriguez Lourdes and Rodriguez Jonathan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$37,500
Interest Rate
5.66%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 18, 2005
Sold by
Getchell Robert M and Getchell Sharyn
Bought by
Rodriguez Hector J and Rodriguez Lourdes

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,500
Interest Rate
5.66%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 2, 1993
Sold by
Geranian Richard P and Geranian Marie
Bought by
Getchell Robert M and Getchell Sharyn Y

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,500
Interest Rate
7.39%

Purchase Details

Closed on
Jun 1, 1993
Bought by
Mortimer James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$29,500
Interest Rate
7.39%
Source: Public Records

Range of Values:

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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
Elliott Paul Favor $725,000 True Title Florida Keys Inc
Mortimer James $442,000 Servicelink Llc
The Bank Of New York Mellon -- Attorney
The Bank Of New York Mellon -- None Available
Rodriguez Lourdes -- None Available
Rodriguez Lourdes -- --
Rodriguez Hector J $750,000 --
Getchell Robert M $49,500 --
Mortimer James $49,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elliott Paul Favor $535,000
Previous Owner Rodriguez Hector J $37,500
Previous Owner Rodriguez Hector J $562,500
Previous Owner Getchell Robert M $29,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/15/2021 03/15/21 Sold $725,000 +0.8% $697 / Sq Ft
01/12/2021 01/12/21 Pending -- -- --
01/04/2021 01/04/21 For Sale $719,000 +62.7% $691 / Sq Ft
12/17/2015 12/17/15 Sold $442,000 -4.9% $425 / Sq Ft View Prior Sale
12/16/2015 12/16/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $464,900 -- $447 / Sq Ft
Source: Marathon and Lower Keys Association 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 $7,524 $812,505 $558,000 $254,505
2023 $7,524 $847,630 $606,000 $241,630
2022 $6,723 $704,032 $468,000 $236,032
2021 $5,006 $495,920 $268,500 $227,420
2020 $4,645 $448,296 $255,000 $193,296
2019 $4,112 $367,870 $226,500 $141,370
2018 $4,371 $385,212 $240,000 $145,212
2017 $4,342 $386,052 $0 $0
2016 $4,185 $358,452 $0 $0
2015 $4,394 $399,540 $0 $0
2014 $4,032 $314,706 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Donna Pezzi

    Seller's Agent in 2021

    Donna Pezzi

    Keller Williams Key West Compass Realty

    (305) 304-2602

    156 Total Sales

    Donna Pezzi
    Section Image
  • Michele Adams

    Buyer's Agent in 2021

    Michele Adams

    Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys

    (305) 849-1270

    49 Total Sales

    Michele Adams
    Section Image

  • K

    Buyer Co-Listing Agent in 2021

    Karen Quist

    American Caribbean Real Estate Lower Keys

  • Melva Borley

    Seller's Agent in 2015

    Melva Borley

    Sunshine State Realty Service

    (305) 797-4324

    74 Total Sales

    Melva Borley
    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lena Mamone

    Sunshine State Realty Services

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 593970

APN: 00193210-000000

Florida Monroe County Summerland Key 33042

637 Caribbean Dr E, Summerland Key, FL

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