NOT LISTED FOR SALE

8940 Key West Island Way Riverview, FL 33578

Estimated Value: $967,147 - $1,058,000

3 Beds
4 Baths
3,386 Sq Ft
$294/Sq Ft Est. Value

Last Sold April 19, 2013

Last sale price $355,000 $105 Per Sq Ft

Est. 180% increase in value since last sale

Current estimated payment $6,590/month

108 Days on Market

Highlights

  • Boat Ramp
  • Oak Trees
  • Gated Community
  • River Access
  • Indoor Pool
  • View of Trees or Woods

About This Home

As of April 2013

Short Sale. PRICE REDUCED BY $74,000!!! Opportunity clearly is knocking for some smart investor/buyer to take advantage of a market that's heading upward. This unbelievably beautiful two-story upscale home in the gated, private community of Key West Landings in Riverview, just steps to the Alafia river, was purchased in 2006 for $950,000. It's being offered at a recent appraised value of $449,000. Steal this house. If you have the developer build you a similar product, you'll pay close to a million dollars. The home has 3,386 htd sq ft, 3-car garage, 3BR, 2 full and 2 half baths, 10-ft ceilings with crown molding, elegant, spacious kitchen with granite countertops, 42-inch cherry cabinets, giant master bath with garden tub and large walk in shower with double heads, oak railing on the staircase, wood and ceramic tile floors, tropical garden pool with heated spa. This house is absolutely gorgeous, in price, location, design, and upscale improvements. You don't buy this house, you'll be kicking yourself in three years. Look at everything in the area under $500K, then bring us an offer!

Last Agent to Sell the Property

Gary Smith

SMITH & ASSOCIATES REAL ESTATE License #515099 Listed on: 08/20/2012

SMITH & ASSOCIATES REAL ESTATE

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,746

Year Built

  • Built in 2010

Lot Details

  • 9,649 Sq Ft Lot
  • Lot Dimensions are 85.0x112.0
  • Mature Landscaping
  • Irrigation
  • Oak Trees
  • Property is zoned PD

HOA Fees

  • $25 Monthly HOA Fees

Parking

  • 1 Car Garage

Home Design

  • Key West Architecture
  • Slab Foundation
  • Wood Frame Construction
  • Metal Roof

Interior Spaces

  • 3,386 Sq Ft Home
  • Crown Molding
  • Ceiling Fan
  • Electric Fireplace
  • Blinds
  • Rods
  • French Doors
  • Inside Utility
  • Laundry in unit
  • Ceramic Tile Flooring
  • Views of Woods
  • Attic

Kitchen

  • Built-In Oven
  • Range
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Solid Wood Cabinet
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Pool

  • Indoor Pool
  • Screened Pool
  • Saltwater Pool
  • Vinyl Pool
  • Spa
  • Fence Around Pool

Outdoor Features

  • River Access
  • Balcony

Utilities

  • Central Heating and Cooling System
  • Heating System Uses Natural Gas
  • Electric Water Heater

Listing and Financial Details

Community Details

Overview

  • Association fees include private road
  • Key West Landings Subdivision

Recreation

  • Boat Ramp
  • Community Pool

Security

  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,746

Year Built

Built in 2010

Lot Details

0

HOA Fees

$25 per month

Parking

1

Listing Details

  • HOA Fee Includes: Private Road
  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Architectural Style: Key West
  • Construction Materials: Wood Frame
  • Fireplace: Yes
  • Living Area: 3386
  • Lot Size Acres: 0.22
  • New Construction: No
  • Year Built: 2010
  • Building Area Total: 4926
  • Lot Size Sq Ft: 9649
  • Directions to Property: South on 41 to Riverview Drive, left to subdivision on right surrounded by a Key West green security wall on your right. Or 301 to Riverview Dr, l at gate.
  • Status: Sold
  • Ownership: Fee Simple
  • ResoBuildingAreaSource: PublicRecords
  • List Office Head Office Key Nume: 1048256
  • RATIO Current Price By Calculate: 104.84
  • Total Acreage: 0 to less than 1/4
  • Water Access YN: 1
  • Planned Unit Development Yn: 0
  • Tax Year: 2011
  • Special Features: 4108

Interior Features

  • Fireplace Features: Electric
  • Living Area Units: Square Feet
  • Flooring: Ceramic Tile
  • Full Bathrooms: 2
  • Half Bathrooms: 2
  • Interior Amenities: Attic, Ceiling Fans(s), Crown Molding, Solid Surface Counters, Solid Wood Cabinets, Stone Counters, Walk-In Closet(s)
  • Appliances Included: Built-In Oven, Dishwasher, Disposal, Electric Water Heater, Microwave, Range
  • Foundation Details: Slab
  • Total Bedrooms: 3
  • Spa Yn: Yes
  • Window Features: Blinds, Rods
  • Street Number Modifier: 8940
  • ResoLivingAreaSource: PublicRecords
  • Additional Rooms: Attic,Inside Utility
  • Room Count: 4

Exterior Features

  • Pool Features: Indoor, Salt Water, Screen Enclosure, Vinyl
  • Exterior Features: French Doors, Balcony, Irrigation System
  • Roof: Metal
  • Home Warranty: No
  • Pool Private: No
  • View: Trees/Woods
  • Waterfront: No
  • Water Access: River
  • Water Extras YN: 0
  • Water View YN: 0

Garage/Parking

  • Attached Garage: No
  • Garage Spaces: 1
  • Garage Yn: Yes
  • Parking Features: Guest

Utilities

  • Cooling: Central Air
  • Heating: Central, Electric, Natural Gas
  • Laundry Features: Inside

Condo/Co-op/Association

  • Community Features: Gated, Pool, Boat Ramp
  • Association Amenities: Gated
  • Association Fee: 300
  • Association Fee Frequency: Annually
  • Association: No
  • Security: Gated Community
  • Association Fee Requirement: Optional

Fee Information

  • Total Annual Fees: 300.00
  • Total Monthly Fees: 25.00

Lot Info

  • Zoning: PD
  • Parcel Number: U-24-30-19-899-000000-00009.0
  • Additional Parcels: No
  • Lot Features: In County, Paved
  • Lot Dimensions: 85.0X112.0
  • Homestead YN: 1
  • Zoning Compatible YN: 1
  • Future Land Use: 0110

Rental Info

  • Expected Lease Date: 2013-04-19T00:00:00.000

Tax Info

  • Tax Annual Amount: 4746
  • Tax Block: 000000
  • Tax Book Number: 0107/0151
  • Tax Lot: 000090

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 20, 2021
Sold by
Fletcher Rachel
Bought by
Fletcher Rachel and Rachel Fletcher Revocable Trus
Current Estimated Value
$995,037

Purchase Details

Closed on
Dec 11, 2018
Sold by
Fletcher David M
Bought by
Fletcher Rachel

Purchase Details

Listed on
Aug 20, 2012
Closed on
Apr 19, 2013
Sold by
Wohlhueter Alex D
Bought by
Fletcher David M and Fletcher Rachel
Seller's Agent
Gary Smith
SMITH & ASSOCIATES REAL ESTATE
List Price
$375,000
Sold Price
$355,000
Premium/Discount to List
-$20,000
-5.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.71%
Original Mortgage
$284,000
Interest Rate
3.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 28, 2006
Sold by
Mez Con Llc
Bought by
Wohlhueter Alex D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$665,000
Interest Rate
6.75%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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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
Fletcher Rachel -- Accommodation
Fletcher Rachel -- None Available
Fletcher David M $355,000 None Available
Wohlhueter Alex D $90,000 Executive Title Of Fl Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Fletcher David M $284,000
Previous Owner Wohlhueter Alex D $665,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/16/2014 06/16/14 Off Market $355,000 -- --
04/19/2013 04/19/13 Sold $355,000 -5.3% $105 / Sq Ft
12/07/2012 12/07/12 Pending -- -- --
08/20/2012 08/20/12 For Sale $375,000 -- $111 / Sq Ft
Source: Stellar MLS

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 $13,731 $912,787 $199,764 $713,023
2023 $12,783 $876,754 $199,764 $676,990
2022 $11,345 $738,687 $154,363 $584,324
2021 $9,958 $560,037 $99,882 $460,155
2020 $8,873 $471,521 $56,751 $414,770
2019 $8,670 $458,729 $56,751 $401,978
2018 $8,805 $462,171 $0 $0
2017 $8,098 $417,785 $0 $0
2016 $7,555 $382,480 $0 $0
2015 $7,237 $358,888 $0 $0
2014 $6,751 $332,513 $0 $0
2013 -- $294,850 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Stellar MLS

MLS Number: U7556589

Stellar MLS

APN: U-24-30-19-899-000000-00009.0