NOT LISTED FOR SALE

81 Bay Dr Key West, FL 33040

Estimated Value: $1,632,000 - $2,359,000

3 Beds
3 Baths
1,765 Sq Ft
$1,193/Sq Ft Est. Value

Last Sold September 27, 2016

Last sale price $1,166,000 $661 Per Sq Ft

Est. 81% increase in value since last sale

Current estimated payment $11,772/month

80 Days on Market

Highlights

  • Ocean Front
  • Furnished
  • No HOA
  • Wood Flooring
  • Granite Countertops
  • 1-minute walk to Marathon Rotary Park

About This Home

As of September 2016

Open water Bay Point beauty! Completely remodeled & rebuilt from the ground up including an additional bedroom and bathroom added in the mix w/a clean modern feel. Three bedrooms & three baths with a ground floor that is permitted & grandfathered in. All new white oak floors, new roof, new kitchen, new bathrooms, new impact windows, new A/C & new railings around the house + more! Smart home technology w/surround sound & security cameras. This unique lot extends farther out into the water than any other house on the street, providing a sense of complete privacy when enjoying your backyard with friends & family. Relax on huge 2nd floor deck that overlooks the water and the property's personal boat ramp -- perfect for paddle boards, kayaks and canoes. Garage has waterside entrance as well as

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 06/30/2016

Co-Listed By

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #3264225

Last Buyer's Agent

Christopher Santry

Last Key Realty, Inc (KW) License #3214474

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,401

Year Built

  • Built in 1973

Lot Details

  • 0.36 Acre Lot
  • Ocean Front
  • Property Fronts a Bay or Harbor
  • Property is zoned IS - Improved Subivision District

Property Views

  • Ocean
  • Gulf

Home Design

  • Metal Roof

Interior Spaces

  • 1,765 Sq Ft Home
  • Furnished
  • Single Hung Windows
  • French Doors
  • Sliding Doors
  • Workshop
  • Utility Room

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Concrete
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Car Garage
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Outdoor Storage
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Heat Pump System

Community Details

  • No Home Owners Association
  • Bay Point Amd & 1St Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,401

Year Built

Built in 1973

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 Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Saddlebunch
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Mile Marker: 12.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 6401.00
  • Vehicle Storage: Covered Parking, Off Street Parking, Garage
  • Vehicle Storage Cars: 4+
  • Year Built: 1973
  • Alternate Key Number: 1206628
  • Cooling Heating: Central Air, Heat Pump
  • Lot Sq Ft: 15750.00
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1765.00
  • Pre Wired: Surround Sound
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Stainless Steel Appliance(s), Refrigerator, Dryer, Disposal
  • Floor: Concrete, Wood, Tile
  • Specialty Rooms: Laundry Room, Utility Room, Workshop
  • Windows/Doors: French Doors, Single Hung Windows, Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Bay Front, Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS, Combo Construction
  • Exterior Features: Chickee Hut, Storage, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View, Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.36

Rental Info

  • Furnished: Furnished, Negotiable

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 30, 2016
Closed on
Sep 21, 2016
Sold by
81 Bay Drive Llc
Bought by
Santry Christopher and Santry Sharon
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Christopher Santry
Last Key Realty, Inc (KW)
List Price
$1,280,000
Sold Price
$1,166,000
Premium/Discount to List
-$114,000
-8.91%
Current Estimated Value
$2,105,161

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$939,161
Avg. Annual Appreciation
6.59%

Purchase Details

Listed on
Feb 14, 2012
Closed on
Dec 20, 2012
Sold by
Mott Jefferson
Bought by
81 Bay Drive Llc
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Mitzi Krabill
Truman & Co. (KW)
List Price
$649,000
Sold Price
$509,000
Premium/Discount to List
-$140,000
-21.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
24.59%
Original Mortgage
$300,000
Interest Rate
3.38%
Mortgage Type
Unknown

Purchase Details

Closed on
Jul 9, 2004
Sold by
Schwessinger Anita E and Schwessinger William P
Bought by
Mott Jefferson A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 14, 2004
Sold by
The Nature Conservancy
Bought by
Mott Jefferson A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$608,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 10, 2003
Sold by
Schwessinger Anita E
Bought by
Schwessinger Anita E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$168,000
Interest Rate
5.86%
Mortgage Type
Unknown

Purchase Details

Closed on
May 24, 2002
Sold by
Schwessinger Bill P and Schwessinger Anita E
Bought by
Schwessinger Anita E

Purchase Details

Closed on
Dec 7, 2001
Sold by
Anita Tru E Schwessinger I
Bought by
Schwessinger Bill P and Schwessinger Anita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
6.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 1, 1981
Bought by
81 Bay Drive Llc

Purchase Details

Closed on
Feb 1, 1973
Bought by
81 Bay Drive Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Santry Christopher $1,166,000 None Available
81 Bay Drive Llc $509,000 Attorney
Mott Jefferson A $760,000 Chicago Title Of The Florida
Mott Jefferson A -- Chicago Title Of The Florida
Schwessinger Anita E -- First American Title Ins Co
Schwessinger Anita E -- --
Schwessinger Bill P -- --
81 Bay Drive Llc $100,000 --
81 Bay Drive Llc $5,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 81 Bay Drive Llc $300,000
Previous Owner Mott Jefferson A $608,000
Previous Owner Schwessinger Anita E $168,000
Previous Owner Schwessinger Bill P $170,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/27/2016 09/27/16 Sold $1,166,000 -8.9% $661 / Sq Ft
09/18/2016 09/18/16 Pending -- -- --
06/30/2016 06/30/16 For Sale $1,280,000 +151.5% $725 / Sq Ft
12/20/2012 12/20/12 Sold $509,000 -21.6% $343 / Sq Ft View Prior Sale
12/20/2012 12/20/12 Pending -- -- --
02/14/2012 02/14/12 For Sale $649,000 -- $438 / 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 $8,902 $1,062,729 -- --
2024 $8,795 $1,032,779 -- --
2023 $8,795 $1,002,699 $0 $0
2022 $8,561 $973,495 $0 $0
2021 $8,863 $945,141 $0 $0
2020 $8,187 $862,791 $0 $0
2019 $7,901 $828,653 $0 $0
2018 $7,963 $813,203 $0 $0
2017 $9,652 $957,599 $0 $0
2016 $6,818 $749,963 $0 $0
2015 $6,401 $663,830 $0 $0
2014 $6,548 $726,025 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 123494

Florida Keys Board of REALTORS®

APN: 00161050-000000