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1061 Caribbean Drive East

1061 Caribbean Drive East, Summerland Key, FL 33042
Property in Lower Keys
Sold Jul 31, 2002
$420,000
$300,000 by Merrill Lynch Credit Corp
Mortgage
Sold May 22, 2001
$60,000
$40,000 by Bernard J & Louise M Matthews
Mortgage
1061 Caribbean Drive East in Summerland Key, FL was first built in 1987 and is 37 years old. Although, the building on the property was most recently renovated and altered in 2012. This has been categorized as a residential property type. There are a total of 3 floors. There are a total of 0 rooms in the home, of which, 2 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 1061 Caribbean Drive East has 2,152 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 600 ft and the linear feet between the front and back of the lot is 1,000. In total, the area measurement of the land is 6,000 square feet.

Learn more about the property and building on this page. There is a unknown and a unknown. The home has a cathedral style roof made of metal. For those who need parking, there is a attached garage. The garage is 336 sqft. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with wood control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of a combination of material. While the interior walls are made of wood. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing no heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 1061 Caribbean Drive East sold most recently in Jan 1, 1970 for a total of $420,000. If you work out the math, that's approximately a cost of $168.81 per sqft. Before that, the property was also sold for $60,000 in Jan 1, 1970. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $4,545 in taxes each year. 1061 Caribbean Drive East was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $557,964. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1987
  • Effective Year Built: 2012
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Combination
  • Interior Walls Type: Wood
  • Roof Shape Type: Cathedral
  • Roof Cover Type: Metal
  • Floor Count: 3
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Garage Type: Attached
  • Garage Square Area: 336
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 6,000
  • Lot Size Depth Feet: 1,000
  • Lot Size Frontage Feet: 600
  • Total Building Area: 2,488
  • Gross Building Area: 2,488
  • Building Area: 2,152
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: None
  • Heated Square Feet: 2,152
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: SUMMERLAND KEY COVE ADD #4
  • Land Acres: 0.138
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BK 5 LT 4 SUMMERLAND KEY COVE ADDITION #4 PB 4-153 SUMMERLAND KEY OR595-477 OR725-530 OR724-398 OR800-274 OR813-1267 OR866-408Q/C OR870-1288 OR876-1736 OR1002-966 OR1061-858 OR1129-2057 OR1378-1427 OR1803-1648

Ownership

  • Current Owner : MATLOSZ MICHAEL M
  • Current Owner 2: MATLOSZ MARGARET M
  • Previous Owner : BERNARD J MATTHEWS M
  • Previous Owner 2: LOUISE M MATTHEWS M
  • Owner Before Previous Owner: BERNARD J MATTHEWS M
  • Owner Before Previous Owner 2: LOUISE M MATTHEWS M
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 971502

Zoning

  • Zoning: IS

Geography

  • Assessors Map Reference: 7-36
  • Account Number: 1253634
  • Parcel: 00191740-000000
  • Block: 5
  • Lot: 4
  • Meridian: SEC 36 TWN 66S RNG 28E
  • Municipality: SUMMERLAND KEY
  • Latitude: 24.6516
  • Longitude: -81.4412

    Address

  • Full Address: 1061 Caribbean Dr E
  • Address - House Number: 1061
  • Street Segment Direction: E
  • Address - Street Name: Caribbean
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Summerland Key
  • Carrier Code: R006
  • 4-Digit Zip Code: 4820
  • Zip Code: 33042

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $4,545
  • Tax Rate Code Area: 120C

    Appraisal Valuation

  • Standard Deviation: 0.2504
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 64
  • Final Value: 1,874,107
  • High Value: 2,343,469
  • Low Value: 1,404,744

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $300,000
  • First Open Lien Mortgage Lender: MERRILL LYNCH CREDIT CORP
  • First Open Lien Mortgage Recording Date: Jul 31, 2002
  • First Open Lien Mortgage Loan Amount: $300,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional

    Market Valuation

  • Market Total Value: $1,042,438
  • Market Land Value: $606,000
  • Market Improvement Value: $436,438

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $557,964

    Exemptions

  • Homeowner Exemption: Yes

    Sales

  • Current Sale Recording Date: Jul 31, 2002
  • Current Sale Transaction ID: 1153066106
  • Current Sale Price: $420,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: May 22, 2001
  • Previous Sale Amount: $60,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: MERRILL LYNCH CREDIT CORP
  • First Mortgage Transaction Date: Jul 31, 2002
  • First Mortgage Loan Amount: $300,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Previous Mortgages

  • Previous Mortgage Lender: BERNARD J & LOUISE M MATTHEWS
  • Previous Mortgage Transaction Date: May 22, 2001
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $40,000

About Monroe



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Frequently Asked Questions

What neighborhood is 1061 Caribbean Drive East located in?
The 1061 Caribbean Drive East is a located in the neighborhood of Lower Keys in Monroe, Summerland Key.
What is the average sales price for listings in 1061 Caribbean Drive East?
The average sales price for units in 1061 Caribbean Drive East is $0 currently.

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