NOT LISTED FOR SALE

8 Sunset Rd Key Largo, FL 33037

Estimated Value: $759,000 - $1,404,000

4 Beds
3 Baths
1,602 Sq Ft
$585/Sq Ft Est. Value

Last Sold July 26, 2023

Last sale price $810,000 $506 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,395/month

309 Days on Market

Highlights

  • Boat Ramp
  • Beach
  • No HOA
  • Coral Shores High School Rated A
  • Screened Pool
  • 1-minute walk to Sunset Point Park 2

About This Home

As of July 2023

Get in on the rare opportunity to own this legal duplex with a pool. Located in one of Key Largo's favorite neighborhoods with beach and boat ramp. The front unit is a 3 bedroom/2 bathroom with relaxing porch space and character to spare. The rear unit is a 1 bedroom/1 bathroom with it's own electrical meter. Great situation to have rental income or use for extended family. Come see for yourself all this property has to offer before it's too late!

Last Agent to Sell the Property

AJ Vetter

Palm House Real Estate License #3296730 Listed on: 08/03/2022

Last Buyer's Agent

Kimberly Brook Gray

Waterfront Resort Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,720

Year Built

  • Built in 1961

Lot Details

  • 7,500

Home Design

  • 1,602 Sq Ft Home
  • Duplex
  • Shingle Roof

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Disposal

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Screened Pool
  • Concrete Pool
  • In Ground Pool

Additional Features

  • Screened Patio
  • 7,500 Sq Ft Lot
  • Ground Level
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00491060-000000

Community Details

Overview

  • No Home Owners Association
  • Sunset Point Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,720

Year Built

Built in 1961

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key Largo
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 95.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Beach
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3719.77
  • Year Built: 1961
  • Alternate Key Number: 1607282
  • Building Style: Ground Level
  • Lot Sq Ft: 7500.00
  • Pool Info: In Ground, Screened In, Concrete
  • Porch Balcony: Screened Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1602.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Roof: Shingle Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00491060-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2022
Closed on
Jul 26, 2023
Sold by
Burch Lynwood and Burch Betty
Bought by
Carver Matthew Brian
Seller's Agent
AJ Vetter
Palm House Real Estate
Buyer's Agent
Kimberly Brook Gray
Waterfront Resort Realty
List Price
$945,000
Sold Price
$810,000
Premium/Discount to List
-$135,000
-14.29%
Views
183
Current Estimated Value
$936,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$126,835
Avg. Annual Appreciation
6.14%
Original Mortgage
$510,000
Outstanding Balance
$496,577
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$440,258

Purchase Details

Closed on
Nov 20, 2003
Sold by
Burch Lynwood and Burch Betty
Bought by
Burch Lynwood and Burch Betty

Purchase Details

Closed on
Aug 29, 2001
Sold by
Lynwood E Burch I
Bought by
Burch Lynwood E

Purchase Details

Closed on
May 7, 2001
Sold by
Charles A Fulmer M and Charles Gail H
Bought by
Burch Lynwood E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.9%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Carver Matthew Brian $810,000 Coral Reef Title
Carver Matthew Brian $810,000 Coral Reef Title
Burch Lynwood -- --
Burch Lynwood E -- --
Burch Lynwood E $169,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Carver Matthew Brian $510,000
Closed Carver Matthew Brian $510,000
Previous Owner Burch Lynwood E $31,249
Previous Owner Burch Lynwood E $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/26/2023 07/26/23 Sold $810,000 0.0% $506 / Sq Ft
06/08/2023 06/08/23 Pending -- -- --
05/12/2023 05/12/23 Price Changed $810,000 -1.8% $506 / Sq Ft
04/28/2023 04/28/23 Price Changed $825,000 -1.7% $515 / Sq Ft
03/14/2023 03/14/23 Price Changed $839,000 -1.2% $524 / Sq Ft
02/27/2023 02/27/23 Price Changed $849,000 -0.1% $530 / Sq Ft
02/07/2023 02/07/23 Price Changed $850,000 -4.5% $531 / Sq Ft
12/05/2022 12/05/22 Price Changed $890,000 -0.6% $556 / Sq Ft
09/04/2022 09/04/22 Price Changed $895,000 -3.2% $559 / Sq Ft
08/12/2022 08/12/22 Price Changed $925,000 -2.1% $577 / Sq Ft
08/03/2022 08/03/22 For Sale $945,000 -- $590 / 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
2025 $5,828 $644,163 -- --
2024 $4,227 $626,009 $312,825 $313,184
2023 $4,227 $434,433 $0 $0
2022 $3,958 $410,851 $0 $0
2021 $3,720 $332,708 $0 $0
2020 $3,687 $326,204 $0 $0
2019 $3,637 $319,394 $0 $0
2018 $3,544 $303,573 $0 $0
2017 $3,500 $302,114 $0 $0
2016 $3,444 $282,640 $0 $0
2015 $3,439 $272,964 $0 $0
2014 $3,520 $271,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • AJ Vetter

    Seller's Agent in 2023

    AJ Vetter

    Palm House Real Estate

    (305) 304-8841

    33 in this area

    127 Total Sales

    AJ Vetter
    Section Image

  • K

    Buyer's Agent in 2023

    Kimberly Brook Gray

    Waterfront Resort Realty

  • K

    Buyer's Agent in 2023

    Kimberly Gray, P.A.

    Freewheeler Realty, Inc.

  • Kimberly Gray

    Buyer's Agent in 2023

    Kimberly Gray

    LoKation Real Estate

    (305) 393-7726

    14 in this area

    47 Total Sales

    Kimberly Gray
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602082

Florida Keys Board of REALTORS®

APN: 00491060-000000

Florida Monroe County Key Largo 33037

8 Sunset Rd, Key Largo, FL

Not Listed for Sale

MultiFamily

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