NOT LISTED FOR SALE

1101 W Ocean Dr Unit 8 Key Colony Beach, FL 33051

Estimated Value: $375,568 - $812,000

2 Beds
2 Baths
990 Sq Ft
1 Acres

Last Sold August 13, 2014

Last sale price $276,500 $279 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $3,681/month

158 Days on Market

Highlights

  • Ocean Front
  • Boat Ramp
  • Concrete Pool
  • Coral Shores High School Rated A
  • Sandy Beach
  • Furnished

About This Home

As of August 2014

Investment property in the Beautiful City of Key Colony Beach. 2beds/2baths, 2nd floor, no elevator, no pets allowed, 7 days minimum rentals, on-site management and is in the rental program, washer and dryer in separate building. ONE balcony from master bedroom with pool views and west side views of the ocean.MOVE IN OR RENT IT...1099 Tax form for 2012 income $32,933.97 and 2013 income $34,475.36

Last Agent to Sell the Property

Marina Cala

Key Colony Beach Realty License #3080403 Listed on: 01/25/2014

Last Buyer's Agent

Marina Cala

Key Colony Beach Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,590

Year Built

  • Built in 1973

Lot Details

  • Ocean Front
  • Sandy Beach

Interior Spaces

  • 990 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Blinds
  • Sliding Doors
  • Tile Flooring
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Guest Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Exterior Lighting
  • Tiki or Chickee Hut

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00078901-000108

Community Details

Overview

  • Property has a Home Owners Association
  • $1,601 Maintenance Fee
  • Association fees include bldg exterior mnt, sewer, water, common area mnt, cable
  • 36 Units
  • Sea Isle Condominium Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp

Pet Policy

  • No Pets Allowed

Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,590

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • Association Approval Required: Yes
  • Maintenance Fee: 1600.74
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Bldg Exterior Mnt, Sewer, Water, Common Area Mnt, Cable
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 2589.94
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Guest Parking
  • Year Built: 1973
  • Alternate Key Number: 1085260
  • Cooling Heating: Central Air, Heat
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 990.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Refrigerator, Range, Oven
  • Floor: Tile
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Sandy Beach, Lighting
  • Roof: Combo Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: Cable Available, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00078901-000108
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2013

Multi Family

  • Total Units: 36.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2014
Closed on
Aug 13, 2014
Sold by
Witt Eugene P and Witt Shirley
Bought by
Lewis Edmund G and Lewis Marlene A
Seller's Agent
Marina Cala
Key Colony Beach Realty
Buyer's Agent
Marina Cala
Key Colony Beach Realty
List Price
$325,000
Sold Price
$276,500
Premium/Discount to List
-$48,500
-14.92%
Current Estimated Value
$609,142

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$332,642
Avg. Annual Appreciation
7.42%
Original Mortgage
$176,500
Outstanding Balance
$135,611
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$473,531

Purchase Details

Closed on
Jan 21, 1997
Sold by
Knapp John and Alvero Donasciemento
Bought by
Witt Eugene P and Witt Shirley

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1986
Bought by
Lewis Edmund G and Lewis Marlene A

Purchase Details

Closed on
Mar 1, 1979
Bought by
Lewis Edmund G and Lewis Marlene A
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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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
Lewis Edmund G $276,500 Attorney
Witt Eugene P $114,500 --
Lewis Edmund G $105,000 --
Lewis Edmund G $72,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lewis Edmund G $176,500
Previous Owner Witt Eugene P $200,000
Previous Owner Witt Eugene P $85,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/13/2014 08/13/14 Sold $276,500 -14.9% $279 / Sq Ft
07/02/2014 07/02/14 Pending -- -- --
01/25/2014 01/25/14 For Sale $325,000 -- $328 / Sq Ft
Source: Florida Keys Board 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 $4,348 $376,233 -- $376,233
2023 $4,348 $417,415 $0 $417,415
2022 $3,936 $370,350 $0 $370,350
2021 $3,692 $321,578 $0 $321,578
2020 $3,465 $313,247 $0 $313,247
2019 $3,308 $319,729 $0 $319,729
2018 $3,044 $319,729 $0 $0
2017 $2,551 $231,923 $0 $0
2016 $2,644 $231,923 $0 $0
2015 $2,638 $231,923 $0 $0
2014 $2,700 $231,923 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Marina Cala

    Key Colony Beach Realty

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 563245

Florida Keys Board of REALTORS®

APN: 00078901-000108

Florida Monroe County Key Colony Beach 33051

1101 W Ocean Dr Unit 8, Key Colony Beach, FL

This home is located at 1101 W Ocean Dr Unit 8, Key Colony Beach, FL 33051 since 25 January 2014 and is currently estimated at $609,142, approximately $615 per square foot. This property was built in 1973. 1101 W Ocean Dr Unit 8 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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