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8 Tiki Lane

8 Tiki Lane, Islamorada, FL 33036
House in Upper Keys
Local assessors in Islamorada, FL have categorized 8 Tiki Lane as a type of property. The home was built in 1971 and is 55 years old. It was most recently renovated and altered in 2002. The property's lot size has been calculated to be 7,725 square feet. The linear feet between the front and back of the lot was measured at 1,030 ft and the front of the lot was measured at 750 ft. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 3 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 3 full bathrooms. There are also 3 partial bathrooms. This is a 300 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 8 Tiki Lane has a total of 2,504 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Additional features on the property are as follows. There is a for those who need a place to park their vehicle. The garage on the property is 390 sqft. There is only one available parking space, so if you need more, you may need to find some alternatives. Do you like to entertain? The home has both a and a so you'll have great options in both the front and back of the home. In addition, there is a on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is . It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - . The building has a style roof that was made of . Lots of were used in the construction of the exterior walls of the home. While the walls in the interior have been made of . As for flooring, was the material of choice during construction. Residents rely on for their cooling system. The home's is the primary heating source. 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, 8 Tiki Lane sold most recently in Apr 26, 2023 for a total of $950,000. If you work out the math, that's approximately a cost of $328.27 per sqft. Before that, the property was also sold for $272,000 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 $485,871 in taxes each year. 8 Tiki Lane was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $1,228,875. If we break it down further, the land itself was valued at $961,454. Improvements to the property, however, were assessed at a total of $267,421. The property's total market value has been marked the same as the total assessed value which is pretty typical. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side.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.

Building Features

Parking

Attached Garage
Open Parking

1 Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By
20221209
12/09/2022
3 Bed
3 Bath
2070 ft²
$1,400,000
bedrooms
3 Bed
bathrooms
3 Bath
square feet
2070 ft²
$950,000 -32.14%
04/26/2023
Ashley Lindmar, Realtor
Coldwell Banker Schmitt Islamorada


Building Info

Overview

    General

  • Year Built: 1971
  • Effective Year Built: 2002
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 6
  • Roof Shape Type: 4
  • Roof Cover Type: 4
  • Floor Count: 300
  • Living Units: 1
  • Floor Cover: 11
  • Basement Type: 3
  • Basement Area: 0
  • Garage Type: 1
  • Garage Square Area: 390
  • Parking Space Count: 1
  • Patio Type: 5
  • Porch Type: 35
  • Pool Type: 9
  • Location Influence Type: 27

    Dimensions

  • Lot Size Square Feet: 7,725
  • Lot Size Depth Feet: 1,030
  • Lot Size Frontage Feet: 750
  • Total Building Area: 2,894
  • Gross Building Area: 2,894
  • Building Area: 2,504
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 2,504
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DAVIS SHORES FIRST ADD 1
  • Land Acres: 0000000177
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: LOT 8 DAVIS SHORE FIRST ADDITN LOWER MATCMBE KEY PB3-106 OR457-522 OR1168-765 OR1168-767 OR1288-6 OR1321-566 OR1321-567 OR1321-574 OR1463-1660 OR1635-2405 OR1797-1132 OR1808-2181 OR3222-1585

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 970900

Zoning

  • Zoning: IS

Geography

  • Assessors Map Reference: 19-10
  • Account Number: 1489930
  • Parcel: 00397460-000000
  • Lot: 8
  • Meridian: SEC 11 TWN 64S RNG 36E
  • Municipality: ISLAMORADA VILLAGE OF ISLANDS
  • Latitude: 24.8811
  • Longitude: -80.6948

    Address

  • Full Address: 8 Tiki Ln
  • Address - House Number: 8
  • Address - Street Name: Tiki
  • Address - Suffix Type: Ln
  • State: FL
  • City Name: Islamorada
  • Carrier Code: R005
  • 4-Digit Zip Code: 3907
  • Zip Code: 33036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $485,871
  • Tax Rate Code Area: 50VI

    Appraisal Valuation

  • Standard Deviation: 0.2107
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 1,318,537
  • High Value: 1,596,458
  • Low Value: 1,040,616

    Market Valuation

  • Market Total Value: $1,228,875
  • Market Land Value: $961,454
  • Market Improvement Value: $267,421

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,228,875
  • Assessed Land Value: $961,454
  • Assessed Improvements Value: $267,421

    Sales

  • Current Sale Contract Date: Apr 26, 2023
  • Current Sale Recording Date: Apr 26, 2023
  • Current Sale Price:
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2415619
  • Previous Sale Recording Date: Jun 01, 2000
  • Previous Sale Amount: $272,000
  • Previous Sale Document Type: 71

    Financing

  • First Mortgage Financing Type: BAL
Data used for valuation calculations is provided by RealtyHop, and other third party sources

About Islamorada, Village of Islands



Similar Buildings

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Frequently Asked Questions

What neighborhood is 8 Tiki Lane located in?
The 8 Tiki Lane is a house located in the neighborhood of Upper Keys in Islamorada, Village of Islands, Islamorada.
What is the average sales price for listings in 8 Tiki Lane?
The average sales price for units in 8 Tiki Lane is $1,400,000 , or $676/sqft. currently.