NOT LISTED FOR SALE

7 Cormorant Ln Key West, FL 33040

Estimated Value: $1,203,000 - $1,368,000

3 Beds
2 Baths
1,200 Sq Ft
$1,057/Sq Ft Est. Value

Last Sold July 01, 2024

Last sale price $1,200,000 $1,000 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $6,815/month

About This Home

As of July 2024

Seller has purchased another home and is very motivated to sell, will look at all offers and will offer seller financing for this fantastic property for sale in Geiger Key, an idyllic island paradise in the Florida Keys. This picturesque waterfront home is situated on 2.5 lots with private bay bottom ownership, making it a rare gem in this area. This property is nestled on a private cul-de-sac, with water on two sides, affording unparalleled privacy and tranquility. With plenty of room for a pool, this home is the perfect place to create your own island retreat. The outdoor space is equipped with lots of storage for many water toys, making it effortless to enjoy the crystal-clear waters surrounding the property where manatees and lots of tropical fish reside. After a day on the water, park your boat in your protected boat basin and fillet your catch at the expansive fish fillet station under the large tiki hut while your guests enjoy a cold drink. For a quick sunset ride, a kayak launch offers easy access to explore the waterways leading to the open bay where famous Keys sunsets are enjoyed. The home boasts a plethora of raised garden beds, perfect for cultivating herbs, fruits, and vegetables, and with no neighbors on either side, this home boasts complete privacy. The property offers two entrances, both with patios, giving ample opportunities to enjoy the sunshine and tropical breeze. Upon entry, a beautifully designed open-concept living area flows seamlessly into the kitchen. The kitchen is equipped with lots of storage space, perfect for storing all culinary essentials, and features a peninsula with bar seating, creating an ideal space for entertaining guests while cooking up the day's catch. Within walking distance to Geiger Key Marina, local Restaurant, and the Beach, so you'll always be close to the action at this slice of paradise. Take advantage of the opportunity to own this exemplary property in Geiger Key, the perfect place to call home!

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677 Listed on: 07/01/2024

Coldwell Banker Schmitt Lower Keys (KW)

Last Buyer's Agent

Madeleine Lowe

Expert Realty LLC (HQ) License #3528269

Home Details

Home Type

Single Family

Year Built

1997

Lot Details

0.34 Acres

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Key Island: Geiger Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 10.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Beach
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 3120.82
  • Title: Negotiable
  • Vehicle Storage: Open Parking, RV Parking Open, Trailer Storage, Off Street Parking
  • Year Built: 1997
  • Alternate Key Number: 1183008
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 15000.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1200.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Vinyl
  • Half Bathrooms: 1
  • Windows/Doors: Single Hung Windows, Other Windows/Doors, French Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Storage, Shed, Fruit Tree(s), Fencing
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.34

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 1, 2024
Closed on
Jul 1, 2024
Sold by
Morris Michelle Monique and Mongelli Michelle M
Bought by
Graham Jason and Graham Haley
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
Buyer's Agent
Madeleine Lowe
Expert Realty LLC (HQ)
List Price
$1,200,000
Sold Price
$1,200,000
Views
1
Current Estimated Value
$1,268,287

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$68,287
Avg. Annual Appreciation
3.48%
Original Mortgage
$860,000
Outstanding Balance
$711,604
Interest Rate
6%
Mortgage Type
Seller Take Back
Estimated Equity
$556,683

Purchase Details

Closed on
Apr 12, 2002
Sold by
Stephen P Nakonechny I
Bought by
Mongelli Michelle M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$40,000
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 23, 1998
Sold by
Makowski Chester J and Makowski Victoria Makowski
Bought by
Nakonechny Stephen P
Source: Public Records
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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
Graham Jason $1,200,000 None Listed On Document
Mongelli Michelle M $295,000 --
Nakonechny Stephen P $237,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Graham Jason $860,000
Previous Owner Nakonechny Stephen P $300,000
Previous Owner Nakonechny Stephen P $80,000
Previous Owner Nakonechny Stephen P $40,000
Previous Owner Nakonechny Stephen P $236,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/01/2024 07/01/24 Sold $1,200,000 0.0% $1,000 / Sq Ft
07/01/2024 07/01/24 Pending -- -- --
07/01/2024 07/01/24 For Sale $1,200,000 -- $1,000 / Sq Ft
Source: Key West Association of REALTORS®

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 $3,371 $982,429 $554,679 $427,750
2024 $3,206 $344,195 -- --
2023 $3,206 $334,170 $0 $0
2022 $3,121 $324,437 $0 $0
2021 $3,184 $314,988 $0 $0
2020 $3,165 $310,640 $0 $0
2019 $3,107 $303,656 $0 $0
2018 $3,116 $297,995 $0 $0
2017 $3,031 $291,866 $0 $0
2016 $3,045 $285,863 $0 $0
2015 $3,128 $283,876 $0 $0
2014 $3,214 $281,623 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 610620

Key West Association of REALTORS®

APN: 00141640-000000

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