NOT LISTED FOR SALE

960 Caribbean Dr E Summerland Key, FL 33042

Estimated Value: $974,000 - $1,114,000

2 Beds
2 Baths
1,280 Sq Ft
$828/Sq Ft Est. Value

Last Sold September 02, 2020

Last sale price $560,000 $438 Per Sq Ft

Est. 89% increase in value since last sale

Current estimated payment $6,094/month

7 Days on Market

Highlights

  • Airstrip
  • In Ground Pool
  • RV Parking in Community
  • Boat Ramp
  • RV or Boat Parking
  • Home fronts a canal

About This Home

As of September 2020

Looking for a place on the water with a home office AND a pool? This property is located in a desirable subdivision on a deep flow-through canal. Enjoy a refreshing swim in the pool after a great day on the water. Not many properties offer your own boat ramp and concrete dock where you are in open water in just minutes. If you enjoy fishing, snorkeling, or jet skiing, then this is for you!This home has a new metal roof and a split floor plan and either 2 home offices or a home office and a hobby room. Add your personal touches to make this your home away from home. Plenty of storage downstairs. Just 24 miles from Key West.

Last Agent to Sell the Property

Donna Pezzi

Coldwell Banker Schmitt RE Co. Listed on: 06/29/2020

Last Buyer's Agent

Lisa Ferringo

Coldwell Banker Schmitt Lower Keys (KW) License #605677

Coldwell Banker Schmitt Lower Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,594

Year Built

  • Built in 1976

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,280 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Parking

  • Open Parking
  • RV or Boat Parking

Pool

  • In Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Airstrip
  • Seawall
  • Boat Ramp
  • Patio
  • Shed

Utilities

  • Central Air
  • Heat Pump System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Summerland Key Cove Subdivision
  • Rental Restrictions
  • RV Parking in Community

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00192160-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,594

Year Built

Built in 1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Summerland Key
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 25.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2594.18
  • Title: Negotiable
  • Vehicle Storage: Open Parking, RV Parking Open
  • Year Built: 1976
  • Alternate Key Number: 1254037
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Heat, Central Air
  • Lot Sq Ft: 7500.00
  • Pool Info: Fiberglass, In Ground
  • Porch Balcony: Patio
  • Shutters: Clam Shell
  • Species List: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1280.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Smoke Alarms, Split Bedroom
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Refrigerator, Range, Oven
  • Floor: Parquet, Tile
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Ramp
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Shed, Storage
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00192160-000000
  • Lot Size: 60' x 125'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 29, 2020
Closed on
Sep 1, 2020
Sold by
Thomas Land Gerald and Thomas Faye Regina
Bought by
Vitello Leonard P
Seller's Agent
Donna Pezzi
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Lisa Ferringo
Coldwell Banker Schmitt Lower Keys (KW)
List Price
$595,000
Sold Price
$560,000
Premium/Discount to List
-$35,000
-5.88%
Current Estimated Value
$1,059,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$499,382
Avg. Annual Appreciation
13.18%
Original Mortgage
$392,000
Outstanding Balance
$348,513
Interest Rate
3%
Mortgage Type
New Conventional
Estimated Equity
$710,869

Purchase Details

Closed on
Sep 11, 2012
Sold by
Peat Douglas Allen
Bought by
Wachovia Bank Na

Purchase Details

Closed on
Aug 31, 2012
Sold by
Peat Douglas Allen and Morgan Clive N
Bought by
Wachovia Bank Na

Purchase Details

Closed on
Apr 8, 2008
Sold by
Beck Earl and Bech Taaka
Bought by
National Residential Nominee Svcs Inc

Purchase Details

Closed on
Sep 10, 1999
Sold by
Lea James W and Lea Diane E
Bought by
Land Gerald T and Land Regina F

Purchase Details

Closed on
Jan 11, 1995
Sold by
Powers Timothy J and Powers Gail A
Bought by
Cook Christopher L B and Cook Lisa M

Purchase Details

Closed on
Feb 1, 1976
Bought by
Land Gerald Thomas and Land Regina Faye
Source: Public Records

Range of Values:

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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
Vitello Leonard P $560,000 True Title Agency
Wachovia Bank Na -- None Available
Wachovia Bank Na -- None Available
National Residential Nominee Svcs Inc $540,000 Attorney
Land Gerald T $155,000 --
Lea James W -- --
Cook Christopher L B $175,500 --
Land Gerald Thomas $3,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Vitello Leonard P $392,000
Previous Owner Lea James W $50,000
Previous Owner Lea James W $322,700
Previous Owner Lea James W $240,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/02/2020 09/02/20 Sold $560,000 -5.9% $438 / Sq Ft
06/29/2020 06/29/20 For Sale $595,000 -- $465 / 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 $6,587 $847,538 $606,825 $240,713
2023 $6,587 $896,860 $659,025 $237,835
2022 $5,761 $708,106 $508,950 $199,156
2021 $5,090 $479,660 $291,994 $187,666
2020 $2,643 $250,644 $0 $0
2019 $2,594 $245,009 $0 $0
2018 $2,597 $240,441 $0 $0
2017 $2,528 $235,496 $0 $0
2016 $2,538 $230,653 $0 $0
2015 $2,605 $229,050 $0 $0
2014 $2,670 $227,232 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2020

    Donna Pezzi

    Coldwell Banker Schmitt RE Co.

  • Lisa Ferringo

    Buyer's Agent in 2020

    Lisa Ferringo

    Coldwell Banker Schmitt Lower Keys (KW)

    (305) 797-1221

    600 Total Sales

    Lisa Ferringo
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591465

Florida Keys Board of REALTORS®

APN: 00192160-000000

Florida Monroe County Summerland Key 33042

960 Caribbean Dr E, Summerland Key, FL

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