NOT LISTED FOR SALE

978 Gibraltar Rd Key Largo, FL 33037

Estimated Value: $445,847 - $1,140,000

4 Beds
2 Baths
1,484 Sq Ft
$486/Sq Ft Est. Value

Last Sold October 11, 2013

Last sale price $196,300 $132 Per Sq Ft

Est. 268% increase in value since last sale

Current estimated payment $4,177/month

15 Days on Market

Highlights

  • No HOA
  • Central Air
  • 1-minute walk to Harry Harris Park
  • Coral Shores High School Rated A

About This Home

As of October 2013

Fabulous opportunity to own an income producing property with a legal duplex in peaceful Key Largo location surrounded by mostly single family homes. Close to Pennekamp Park and beach, 2 bedrooms 1 bath on each side of the duplex. Live in one side and rent out the other without paying the price for paradise.

Last Agent to Sell the Property

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204 Listed on: 07/18/2013

Coldwell Banker Schmitt Key Largo

Last Buyer's Agent

Sally Stribling

Coldwell Banker Schmitt Key Largo License #3159204 Listed on: 07/18/2013

Coldwell Banker Schmitt Key Largo

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $1,736

Year Built

  • Built in 1984

Lot Details

  • 5,140

Home Design

  • 1,484 Sq Ft Home
  • Duplex
  • Frame Construction

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 00545530-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Winston Park Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$1,736

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key Largo
  • Limited Representation: No
  • Mile Marker: 102.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 1735.78
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 4+
  • Year Built: 1984
  • Alternate Key Number: 1669032
  • Building Style Stilt Column Height: Tall - 10Ft & Over
  • Cooling Heating: Central Air
  • Species List: No
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1484.00
  • Sewer Hook Up: No
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Refrigerator, Oven, Range
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: No
  • Parcel Number: 00545530-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2022
Sold by
Paul Knapp
Bought by
Ymo Investments Llc
Current Estimated Value
$721,962

Purchase Details

Listed on
Jul 18, 2013
Closed on
Oct 9, 2013
Sold by
Deutsche Bank National Trust Company
Bought by
Knapp Paul and Knapp Sonia
Seller's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Sally Stribling
Coldwell Banker Schmitt Key Largo
List Price
$184,900
Sold Price
$196,300
Premium/Discount to List
$11,400
6.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.26%
Original Mortgage
$147,225
Interest Rate
4.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 9, 2013
Sold by
Benoit David L
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Jun 27, 2013
Sold by
Benoit David L
Bought by
Deutsche Bank

Purchase Details

Closed on
Apr 14, 2004
Sold by
Benoit Annette M
Bought by
Benoit David L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 8, 2004
Sold by
Williams Elwyn G and Williams Janice Anne
Bought by
Benoit David L and Benoit Annette M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$280,000
Interest Rate
4.37%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1986
Bought by
Knapp Paul and Knapp Sonia
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
Ymo Investments Llc $400,000 Pinsky Law Firm Pa
Knapp Paul $196,300 Landsafe Title
Deutsche Bank National Trust Company -- None Available
Deutsche Bank -- None Available
Benoit David L -- --
Benoit David L $350,000 --
Knapp Paul -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Knapp Paul $147,225
Previous Owner Benoit David L $280,000
Closed Benoit David L $70,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2013 10/11/13 Sold $196,300 +6.2% $132 / Sq Ft
08/02/2013 08/02/13 Pending -- -- --
07/18/2013 07/18/13 For Sale $184,900 -- $125 / 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 $4,594 $377,120 $129,406 $247,714
2024 $4,302 $389,383 $143,641 $245,742
2023 $4,302 $371,563 $134,583 $236,980
2022 $4,282 $437,381 $196,698 $240,683
2021 $3,920 $332,489 $109,995 $222,494
2020 $3,696 $301,385 $99,643 $201,742
2019 $3,447 $263,559 $77,644 $185,915
2018 $3,528 $268,583 $77,644 $190,939
2017 $3,425 $269,060 $0 $0
2016 $3,297 $240,040 $0 $0
2015 $3,259 $237,726 $0 $0
2014 $3,059 $187,801 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Sally Stribling

    Seller's Agent in 2013

    Sally Stribling

    Coldwell Banker Schmitt Key Largo

    (305) 283-2002

    130 in this area

    178 Total Sales

    Sally Stribling
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 561639

Florida Keys Board of REALTORS®

APN: 00545530-000000

Florida Monroe County Key Largo 33037

978 Gibraltar Rd, Key Largo, FL

Not Listed for Sale

MultiFamily

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