NOT LISTED FOR SALE

1022 75th Street Ocean E Marathon, FL 33050

Estimated Value: $1,666,000 - $1,930,000

5 Beds
4 Baths
2,123 Sq Ft
$866/Sq Ft Est. Value

Last Sold January 08, 2024

Last sale price $1,775,000 $836 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $11,387/month

103 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • RV or Boat Parking
  • Coral Shores High School Rated A
  • Heated In Ground Pool
  • 3-minute walk to Rotary Children's Park

About This Home

As of January 2024

MOTIVATED SELLER, HUGE PRICE REDUCTION! Most 5 bed 4 bath homes on the market are priced at 2.9 million and up making this home a steal! Boating enthusiasts looking for a large home with deep water dockage look no further than this gorgeous 5 bedroom 4 bath home with quick ocean access and 75' of dockage. Located on a quiet street just a few homes down from the open water this lovely home sits on a large fenced lot with tropical mature landscaping that creates a nice private atmosphere. The seawall will accommodate large and multiple boats and has a step down perfect for launching kayaks & paddle boards. The home has been beautifully remodeled and features three ensuite/master bedrooms, a light and bright coastal kitchen, floor to ceiling tiled showers in all bathrooms, oversized high impact windows that overlook the canal and a large paver driveway with room to park several cars, boat trailers and an RV. The sparkling blue pool comes with a heater for year round use. The large covered patio is perfect for enjoying outdoor meals by the pool. Dual AC units keep the entire house nice and cool. Family friendly neighborhood with kids park and dog park at the top of the street. Income producing professionally managed vacation rental with bookings in place for 2024. Property is being sold turn key, just bring your boat!

Last Agent to Sell the Property

Kim Show

Coldwell Banker Schmitt Real Estate Co. License #3220812 Listed on: 09/08/2023

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Kelli Johannesen

Coastal Collection Real Estate Inc. License #3587195

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,392

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 7,512 Sq Ft Lot
  • Home fronts a canal
  • Fenced
  • Property is zoned RM - Residential Medium

Home Design

  • Metal Roof

Interior Spaces

  • 2,123 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Canal Views

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Wine Cooler

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Guest Parking
  • Open Parking
  • RV or Boat Parking

Pool

  • Heated In Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Airstrip
  • Seawall
  • Balcony
  • Patio
  • Lanai
  • Outdoor Storage

Location

  • Ground Level

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Community Sewer or Septic

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00343410-000000

Community Details

Overview

  • No Home Owners Association
  • Paraiso Estate Subdivision
  • RV Parking in Community

Recreation

  • Boat Ramp
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,392

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock Length: 75
  • Dockage Seawall: Concrete
  • Document Count: 3
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Airport - Ocean (72nd to 106th)
  • Mile Marker: 51.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 11392.29
  • Title: Title Ins - Buyer
  • Vehicle Storage: Open Parking, RV Parking Open, Trailer Storage, Guest Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1968
  • Alternate Key Number: 1421332
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 7512.00
  • Pool Info: In Ground, Fiberglass
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info Number Of City License: vacation rental lic
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2123.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Smoke Alarms, Window Treatments
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 5

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Lanai
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA, Elect Separate Meter, Community Swr Plant

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00343410-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 8, 2023
Closed on
Jan 8, 2024
Sold by
North Florida Resort Inc
Bought by
Palmersheim Investments Llc
Seller's Agent
Kim Show
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Kelli Johannesen
Coastal Collection Real Estate Inc.
List Price
$2,250,000
Sold Price
$1,775,000
Premium/Discount to List
-$475,000
-21.11%
Views
163
Current Estimated Value
$1,839,375

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$64,375
Avg. Annual Appreciation
2.18%
Original Mortgage
$780,000
Outstanding Balance
$766,491
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$1,072,884

Purchase Details

Closed on
Apr 5, 2021
Sold by
Aqua Holic Investments Inc
Bought by
Case Jeffery and Case Melissa

Purchase Details

Closed on
Mar 22, 2021
Sold by
Case Jeffery and Case Melissa
Bought by
Aqua Holic Investments Inc

Purchase Details

Listed on
Jul 7, 2020
Closed on
Sep 17, 2020
Sold by
Cosgrove and Tammy
Bought by
Case Jeffery and Case Melissa
Seller's Agent
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,250,000
Sold Price
$1,125,000
Premium/Discount to List
-$125,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.42%
Original Mortgage
$510,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 15, 2016
Closed on
May 26, 2017
Sold by
Munday Richard M
Bought by
Cosgrove Shawn and Cosgrove Tammy
Seller's Agent
Bill Wilkinson
RE/MAX Keys To The Key
Buyer's Agent
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
List Price
$815,000
Sold Price
$740,000
Premium/Discount to List
-$75,000
-9.2%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.53%
Original Mortgage
$529,000
Interest Rate
4.02%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 27, 2012
Sold by
Baughman James R and Baughman Josephine C
Bought by
Munday Richard M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.1%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 14, 2000
Sold by
Greenwald Michael S and Greenwald Dzintra L
Bought by
Baughman James R and Baughman Josephine C

Purchase Details

Closed on
Feb 12, 1998
Sold by
Deane Edward M and Deane Mary
Bought by
Greenwald Michael S and Greenwald Dzintra L

Purchase Details

Closed on
Nov 1, 1989
Bought by
Munday Richard M

Purchase Details

Closed on
Mar 1, 1980
Bought by
Munday Richard M

Purchase Details

Closed on
Aug 1, 1979
Bought by
Munday Richard M
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Palmersheim Investments Llc $1,775,000 None Listed On Document
Case Jeffery $250,000 Accommodation
Aqua Holic Investments Inc $250,000 Attorney
Case Jeffery $1,125,000 Wolfe Stevens Pllc
Cosgrove Shawn $740,000 Attorney
Munday Richard M $441,000 Attorney
Baughman James R $300,000 --
Greenwald Michael S $260,000 --
Munday Richard M $235,000 --
Munday Richard M $120,000 --
Munday Richard M $90,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Palmersheim Investments Llc $780,000
Previous Owner North Florida Resort Inc $1,000,000
Previous Owner Case Jeffery $510,000
Previous Owner Cosgrove Shawn $529,000
Previous Owner Munday Richard M $125,000
Previous Owner Greenwald Michael S $120,000
Previous Owner Greenwald Michael S $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/08/2024 01/08/24 Sold $1,775,000 -4.1% $836 / Sq Ft
12/19/2023 12/19/23 Price Changed $1,850,000 -7.5% $871 / Sq Ft
11/20/2023 11/20/23 Price Changed $1,999,000 -4.8% $942 / Sq Ft
09/27/2023 09/27/23 Price Changed $2,100,000 -6.7% $989 / Sq Ft
09/08/2023 09/08/23 For Sale $2,250,000 +9.8% $1,060 / Sq Ft
05/05/2022 05/05/22 Sold $2,050,000 -2.4% $966 / Sq Ft
02/21/2022 02/21/22 For Sale $2,100,000 +86.7% $989 / Sq Ft
09/17/2020 09/17/20 Sold $1,125,000 -10.0% $488 / Sq Ft
08/21/2020 08/21/20 Pending -- -- --
07/07/2020 07/07/20 For Sale $1,250,000 +68.9% $542 / Sq Ft
05/31/2017 05/31/17 Sold $740,000 -9.2% $321 / Sq Ft
04/23/2017 04/23/17 Pending -- -- --
08/15/2016 08/15/16 For Sale $815,000 -- $354 / Sq Ft
Source: Marathon and Lower Keys Association 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 $16,610 $1,482,528 $869,871 $612,657
2023 $16,610 $1,682,506 $854,490 $828,016
2022 $11,392 $1,098,811 $622,069 $476,742
2021 $8,176 $721,401 $299,072 $422,329
2020 $7,555 $669,560 $299,072 $370,488
2019 $6,677 $662,321 $287,109 $375,212
2018 $5,249 $450,047 $256,347 $193,700
2017 $6,005 $529,994 $0 $0
2016 $5,880 $515,935 $0 $0
2015 $5,416 $463,153 $0 $0
2014 $5,074 $406,204 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 606582

APN: 00343410-000000