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840 Shelter Bay Drive

840 Shelter Bay Drive, Key Colony Beach, FL 33051
Property in Middle Keys
Sold Jan 19, 2022
$775,000
$620,000 by Rocket Mortgage Llc
Mortgage Due Feb 01, 2052
Sold Oct 02, 2019
$925,000
840 Shelter Bay Drive has been categorized by the local assessors in Key Colony Beach, FL as a residential type of property. The building on the property was first built in 1966 and is 58 years old. However, we must point out that the home was most recently renovated and altered in 2011. The home has a total of 2 bedrooms. Residents will have access to 2 full bathrooms. There are 2 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 840 Shelter Bay Drive has 885 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,600 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a multifamily style.

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 garage for those who require parking. Residents will have the luxury of enjoying 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 concrete block 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 gable or hip style roof made of tar and gravel. The exterior walls of the building are made of concrete block. While the interior walls have been made of gypsum boards such as those made of drywall, sheetrock, etc. As for the floors, you'll see that the home has flooring throughout. The inside of the home is being cooled with a wall air conditioning unit at the moment. In terms of heating, it is utilizing a forced air unit. 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, 840 Shelter Bay Drive sold most recently in Jan 13, 2022 for a total of $775,000. If you work out the math, that's approximately a cost of $875.71 per sqft. Before that, the property was also sold for $925,000 in Oct 2, 2019. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $5,883 in taxes each year. 840 Shelter Bay Drive was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $722,593. If we break it down further, the land itself was valued at $463,904. Improvements to the property, however, were assessed at a total of $258,689. The property's total market value has been marked the same as the total assessed value which is pretty typical. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. 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: 1966
  • Effective Year Built: 2011
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Concrete block
  • Building Style: Multifamily
  • Exterior Walls Type: Concrete block
  • Interior Walls Type: Gypsum board (drywall, sheetrock, etc.)
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Tar and gravel
  • Floor Count: 1
  • Living Units: 1
  • Floor Cover: Concrete
  • Basement Area: 0
  • Garage Type: Garage
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 7,600
  • Total Building Area: 885
  • Gross Building Area: 885
  • Building Area: 885
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Wall air conditioning unit
  • Heating: Forced air unit
  • Heated Square Feet: 885
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: KEY COLONY BEACH 1ST ADD
  • Land Acres: 0.175
  • Standard Land Use Code: Single family residential
  • Legal Description 1: BK 8 ELY PT LT 30 KEY COLONY BEACH FIRST ADDN AMD PLAT PB4-11 SHELTER KEY OR372-437 OR1195-146 OR1218-520 OR1259-1459 OR1279-2258 OR1505-1672 OR1505-1675 OR1691-2239 OR1710-2466 OR1815-449 OR2606-2084 OR2987-1498 OR3149-2282

Ownership

  • Current Owner : BORGES CARLOS
  • Current Owner 2: BORGES GRIZEL
  • Previous Owner : JEFFREY TIETJENS
  • Owner Before Previous Owner: BURROUGHS RICHARD A
  • Owner Before Previous Owner 2: BURROUGHS JUDITH A
  • Ownership Rights Codes: Husband and wife

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 971001

Zoning

  • Zoning: INC

Geography

  • Assessors Map Reference: 1-55
  • Account Number: 1079821
  • Parcel: 00074360-000000
  • Block: 8
  • Lot: 30
  • Meridian: SEC 05 TWN 66S RNG 33E
  • Municipality: CITY OF KEY COLONY BEACH
  • Latitude: 24.7265
  • Longitude: -81.0204

    Address

  • Full Address: 840 Shelter Bay Dr
  • Address - House Number: 840
  • Address - Street Name: Shelter Bay
  • Address - Suffix Type: Dr
  • State: FL
  • City Name: Key Colony Beach
  • Zip Code: 33051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $5,883
  • Tax Rate Code Area: 50KC

    Appraisal Valuation

  • Standard Deviation: 0.2584
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 63
  • Final Value: 979,539
  • High Value: 1,232,717
  • Low Value: 726,361

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $729,000
  • First Open Lien Mortgage Lender: ROCKET MORTGAGE LLC
  • First Open Lien Mortgage Recording Date: Jan 19, 2022
  • First Open Lien Mortgage Loan Amount: $620,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Feb 01, 2052
  • Second Open Lien Mortgage Lender: CITIZENS BANK, N.A.
  • Second Open Lien Mortgage Recording Date: Jul 24, 2023
  • Second Open Lien Mortgage Loan Amount: $109,000
  • Second Open Lien Mortgage Term: 299
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: Credit Line (Revolving)
  • Second Open Lien Mortgage Loan Due Date: Jul 11, 2048

    Market Valuation

  • Market Total Value: $722,593
  • Market Land Value: $463,904
  • Market Improvement Value: $258,689

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $722,593
  • Assessed Land Value: $463,904
  • Assessed Improvements Value: $258,689

    Sales

  • Current Sale Contract Date: Jan 13, 2022
  • Current Sale Recording Date: Jan 19, 2022
  • Current Sale Transaction ID: 11877899687
  • Current Sale Price: $775,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2357643
  • Previous Sale Recording Date: Oct 02, 2019
  • Previous Sale Contract Date: Oct 02, 2019
  • Previous Sale Amount: $925,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: ROCKET MORTGAGE LLC
  • First Mortgage Transaction Date: Jan 19, 2022
  • First Mortgage Loan Amount: $620,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Feb 01, 2052

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Frequently Asked Questions

What neighborhood is 840 Shelter Bay Drive located in?
The 840 Shelter Bay Drive is a located in the neighborhood of Middle Keys in Key Colony Beach, Key Colony Beach.
What is the average sales price for listings in 840 Shelter Bay Drive?
The average sales price for units in 840 Shelter Bay Drive is $0 currently.

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