NOT LISTED FOR SALE

LOT 25 Caribbean Dr Summerland Key, FL 33042

Estimated Value: $1,141,000 - $1,281,000

0.14 Acre
$8,792,978 Price per Acre
6,000 Sq Ft Lot

Last Sold May 01, 2017

Last sale price $210,000

Est. 478% increase in value since last sale

Current estimated payment $6,949/month

25 Days on Market

About This Lot

As of May 2017

Build your dream home in Keys! Deep Water canal and minutes away form the best diving, fishing, and boating access to the Gulf and Atlantic Ocean! Don't miss your chance to build a new home in the beautiful Florida Keys! Tiki bar, Shopping, and Marinas nearby! Adjoining property MLS #573301 can be purchased as well! Seller financing available on both!

Last Agent to Sell the Property

Tommy Mack

Coastal Collection Real Estate Inc. License #3285624 Listed on: 12/22/2016

Last Buyer's Agent

Pierre Boumerhi

LoKation Real Estate License #3352321

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,093

Lot Details

  • 6,000 Sq Ft Lot
  • Lot Dimensions are 60x100
  • Home fronts a canal
  • Property is zoned IS - Improved Subivision District

Property Views

  • Canal Views

Listing and Financial Details

  • Assessor Parcel Number 00192560-000000

Community Details

Overview

  • Summerland Key Cove Subdivision

Recreation

  • Airstrip

Property Details

Property Type

Land

Est. Annual Taxes

$1,093

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Summerland Key
  • Limited Representation: No
  • Mile Marker: 25.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Fire Hydrant, Airstrip
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 1093.43
  • Title: Negotiable
  • Alternate Key Number: 1254452
  • Lot Sq Ft: 6000.00
  • Mandatory HOA: No
  • Existing Utilities: None
  • Location Site: Water Frontage
  • Lot Dimensions: 60x100
  • Miscellaneous Info Mobile Home Lot: No
  • Tax Exemptions: None
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Waterview: Canal View

Utilities

  • Security: No Security

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00192560-000000
  • Land Size: Less Than 1/4 Acre
  • Total Lots: 1.00

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 10, 2019
Sold by
Boumerhi and Holly
Bought by
Heerwagen Richard C and Heerwagen Lisa K
Current Estimated Value
$1,213,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Outstanding Balance
$323,101
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$890,330

Purchase Details

Closed on
May 1, 2019
Sold by
Boumerhi Pierre and Boumerhi Holly
Bought by
Heerwagen Richard C and Heerwagen Lisa K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$369,000
Outstanding Balance
$323,101
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$890,330

Purchase Details

Listed on
Dec 22, 2016
Closed on
May 1, 2017
Sold by
Babich Carrie Lynn
Bought by
Boumerhi Pierre and Boumerhi Holly
Seller's Agent
Tommy Mack
Coastal Collection Real Estate Inc.
Buyer's Agent
Pierre Boumerhi
LoKation Real Estate
List Price
$225,000
Sold Price
$210,000
Premium/Discount to List
-$15,000
-6.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
22.92%
Original Mortgage
$180,000
Interest Rate
5%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 2016
Sold by
Cikel Shelley A
Bought by
Babich Carrie Lynn

Purchase Details

Closed on
May 16, 2009
Sold by
Cikel John R
Bought by
Cikel Shelley A

Purchase Details

Closed on
May 1, 1988
Bought by
Babich Carrie Lynn

Purchase Details

Closed on
Nov 1, 1979
Bought by
Babich Carrie Lynn
Source: Public Records

Range of Values:

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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
Heerwagen Richard C $678,500 None Listed On Document
Heerwagen Richard C -- Attorney
Heerwagen Richard C $678,500 None Listed On Document
Boumerhi Pierre $210,000 Attorney
Babich Carrie Lynn $180,000 None Available
Cikel Shelley A -- Attorney
Babich Carrie Lynn $36,000 --
Babich Carrie Lynn $16,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Heerwagen Richard C $369,000
Previous Owner Boumerhi Pierre $180,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2017 05/01/17 Sold $210,000 -6.7% --
01/16/2017 01/16/17 Pending -- -- --
12/22/2016 12/22/16 For Sale $225,000 -- --
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 $7,169 $859,713 -- --
2023 $7,169 $834,673 $0 $0
2022 $6,973 $810,363 $468,000 $342,363
2021 $5,671 $576,453 $268,500 $307,953
2020 $5,594 $562,690 $255,000 $307,690
2019 $2,305 $210,000 $210,000 $0
2018 $2,063 $184,500 $184,500 $0
2017 $1,448 $153,000 $0 $0
2016 $1,093 $153,000 $0 $0
2015 $1,028 $139,500 $0 $0
2014 $975 $127,500 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Tommy Mack

    Seller's Agent in 2017

    Tommy Mack

    Coastal Collection Real Estate Inc.

    (305) 731-7910

    228 Total Sales

    Tommy Mack
    Section Image

  • P

    Buyer's Agent in 2017

    Pierre Boumerhi

    LoKation Real Estate

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 573299

Florida Keys Board of REALTORS®

APN: 00192560-000000

Florida Monroe County Summerland Key 33042

LOT 25 Caribbean Dr, Summerland Key, FL

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