$340,000
SOLD FEB 27, 2015

Palms of Islamorda 79901 Overseas Hwy Unit 508 Islamorada, FL 33036

2 Beds
2 Baths
981 Sq Ft
3 Acres

Recently Sold

$347 Per Sq Ft

3% Below List Price

7 Days on Market

Highlights

  • Ocean Front
  • In Ground Pool
  • Outdoor Kitchen
  • Plantation Key School Rated A-
  • Deck
  • 1-minute walk to Lignumvitae Key Botanical State Park

About This Home

As of March 2019

The Palms of Islamorada is our island's best kept secret! Enjoy spectacular views from your oceanfront balcony and refreshing dips in the ocean or pool just steps away from your front door. Ideally located near Bud-n-Mary's Marina and the best restaurants around, the location of this 2BD/2BA condo are second to none. Come for a visit, stay for a lifetime!

Last Agent to Sell the Property

The Florida Keys Sol Sabrina Wampler

Ocean Sotheby's International Realty Listed on: 01/05/2015

Last Buyer's Agent

Andrea (Andi) Saylor

Keys Holiday Rentals, Inc. License #3156364

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,793

Year Built

  • Built in 1976

Interior Spaces

  • 981 Sq Ft Home
  • 4-Story Property
  • Home Gym
  • Range
  • Laundry Room

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Electric Gate
  • Assigned Parking

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Kitchen
  • Exterior Lighting
  • Tiki or Chickee Hut

Additional Features

  • Central Air

Listing and Financial Details

  • Assessor Parcel Number 00096770-007200

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include bldg exterior mnt, exterminating, common area mnt, cable, building insurance
  • Palms Of Isla Subdivision
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction: YES

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,793

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • Association Fee: 609.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Exterminating, Common Area Mnt, Cable, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Mile Marker: 80.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Manager on Premises
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2792.80
  • Vehicle Storage: Assigned Parking
  • Year Built: 1976
  • Alternate Key Number: 1113140
  • Cooling Heating: Central Air
  • Pool Info: In Ground
  • Porch Balcony: Deck, Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 4 Stories
  • Estimated Living Sq Ft: 981.00
  • Sewer Hook Up: No
  • Unit Complex: Complex
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 4

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Floor: Carpet, Tile
  • Specialty Rooms: Gym, Laundry Room
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Outdoor Kitchen, Lighting, Hot Tub
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,VE,AE,AE,AE
  • Parcel Number: 00096770-007200
  • Land Size: 1/2 - Less Than 1 AC

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 1, 2019
Closed on
Apr 4, 2019
Sold by
Geldhauser Scott W and Geldhauser Gillen M
Bought by
Puto Jerauld M and Puto Amy C
Seller's Agent
Tracey Petrusha
Venture Realty Group
Buyer's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
List Price
$440,000
Sold Price
$425,000
Premium/Discount to List
-$15,000
-3.41%
Current Estimated Value
$657,078

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$232,078
Avg. Annual Appreciation
6.17%

Purchase Details

Listed on
Mar 1, 2019
Closed on
Mar 28, 2019
Sold by
Geldhauser Scott W and Geldhauser Gillen M
Bought by
Puto Jerauld M and Puto Amy C
Seller's Agent
Tracey Petrusha
Venture Realty Group
Buyer's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
List Price
$440,000
Sold Price
$425,000
Premium/Discount to List
-$15,000
-3.41%

Purchase Details

Listed on
Jan 5, 2015
Closed on
Feb 27, 2015
Sold by
Steiner Mark W and Panich Mary Anne
Bought by
Geldhauser Scott W and Geldhauser Gillen M
Seller's Agent
The Florida Keys Sol Sabrina Wampler
Ocean Sotheby's International Realty
Buyer's Agent
Andrea (Andi) Saylor
Keys Holiday Rentals, Inc.
List Price
$350,000
Sold Price
$340,000
Premium/Discount to List
-$10,000
-2.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.62%
Original Mortgage
$272,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 12, 2012
Sold by
Steiner Mark and Panich Mary Anne
Bought by
Steiner Mark W and Panich Mary Anne

Purchase Details

Closed on
Apr 1, 1992
Bought by
Geldhauser Scott W and Geldhauser Gillen M

Purchase Details

Closed on
Jun 1, 1989
Bought by
Geldhauser Scott W and Geldhauser Gillen M

Purchase Details

Closed on
Nov 1, 1983
Bought by
Geldhauser Scott W and Geldhauser Gillen M

Purchase Details

Closed on
Jul 1, 1981
Bought by
Geldhauser Scott W and Geldhauser Gillen M

Purchase Details

Closed on
Jun 1, 1979
Bought by
Geldhauser Scott W and Geldhauser Gillen M
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 Type Sale Price Title Company
Warranty Deed $425,000 None Listed On Document
Warranty Deed $425,000 None Listed On Document
Warranty Deed $340,000 Florida Title Of The Keys
Interfamily Deed Transfer -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $175,500 --
Warranty Deed $158,000 --
Warranty Deed $120,700 --
Warranty Deed $122,000 --
Deed $77,900 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $272,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2019 03/28/19 Sold $425,000 -3.4% $433 / Sq Ft
03/08/2019 03/08/19 Pending -- -- --
03/01/2019 03/01/19 For Sale $440,000 +29.4% $449 / Sq Ft
02/27/2015 02/27/15 Sold $340,000 -2.9% $347 / Sq Ft
01/12/2015 01/12/15 Pending -- -- --
01/05/2015 01/05/15 For Sale $350,000 -- $357 / 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 $3,129 $368,261 -- --
2023 $3,129 $357,535 $0 $0
2022 $3,063 $347,122 $0 $0
2021 $3,108 $337,012 $0 $337,012
2020 $3,077 $332,359 $0 $332,359
2019 $3,306 $308,443 $0 $308,443
2018 $3,296 $308,443 $0 $0
2017 $3,103 $294,846 $0 $0
2016 $3,280 $294,846 $0 $0
2015 $2,886 $261,375 $0 $0
2014 $2,923 $261,785 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 566258

Florida Keys Board of REALTORS®

APN: 00096770-007200