545 Caribbean Drive East

545 Caribbean Drive East has been categorized by the local assessors in Summerland Key, FL as a residential type of property. The building on the property was first built in 1979 and is 45 years old. However, we must point out that the home was most recently renovated and altered in 2015. The home has a total of 3 bedrooms. Residents will have access to one full bathroom. There are 2 partial bathrooms in the home. The building has a total of 3 stories. In addition, 545 Caribbean Drive East has 1,280 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 1,000 ft and across the front of the lot is 600 ft. The area measurement of the land has been determined as 6,000 square feet.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a attached garage for those who require parking. The garage measured 372 sqft. According to our sources, there is one available parking space. Residents will have the luxury of enjoying both a unknown and a unknown. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of C by the local assessor. The building has a cathedral style roof made of metal. The exterior walls of the building are made of alum/vinyl siding. While the interior walls have been made of wood. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with air conditioning at the moment. In terms of heating, it is utilizing no heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 545 Caribbean Drive East was last sold in Feb 22, 2021 for $724,000. According to our calculations, that's $438.26 per sqft. Prior to that sales transaction, the property was sold for $425,000 in Feb 11, 2014. Current property owners are expected to pay $7,557 in taxes per year. The property on 545 Caribbean Drive East was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $939,152. To break that down further, the land itself was valued at $606,000. While improvements to the property were assessed at a total of $333,152. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.