NOT LISTED FOR SALE

1121 W Ocean Dr Unit 18 Key Colony Beach, FL 33051

Estimated Value: $348,634 - $462,000

1 Bed
1 Bath
467 Sq Ft
2 Acres

Last Sold May 31, 2019

Last sale price $235,000 $503 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $2,389/month

40 Days on Market

Highlights

  • Ocean Front
  • Sandy Beach
  • Sun or Florida Room
  • Coral Shores High School Rated A
  • In Ground Pool
  • Furnished

About This Home

As of May 2019

The Continental Inn is a Condotel and this unit with its great features has a notably good rental record. It is the 3rd unit back from the Ocean. Sold completely furnished. The Mini-split A/C unit keeps it cool and is located to enhance peace and quiet. New King mattress & box spring, newer couch and lounge chair in living room. Daily, Weekly, and Monthly Rentals. Lockable personal storage on porch and in closet.

Last Agent to Sell the Property

Lynn Goodwin, P.a.

Key Colony Beach Realty Listed on: 03/02/2019

Co-Listed By

AIMEE KORNETTI

Coldwell Banker Schmitt Real Estate Co. License #3144819

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,858

Year Built

  • Built in 1973

Lot Details

  • Ocean Front
  • Sandy Beach

Home Design

  • Condo Hotel
  • Entry on the 2nd floor
  • Metal Roof

Interior Spaces

  • 1 Full Bathroom
  • 467 Sq Ft Home
  • Furnished
  • Blinds
  • Sliding Doors
  • Sun or Florida Room
  • Storage
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Built-In or Custom Kitchen Cabinets

Parking

  • Guest Parking
  • Open Parking
  • Off-Street Parking

Pool

  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Balcony
  • Tiki or Chickee Hut
  • Attached Grill

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 1
  • Assessor Parcel Number 00078902-001800

Community Details

Overview

  • Property has a Home Owners Association
  • $1,200 Maintenance Fee
  • Association fees include bldg exterior mnt, water, sewer, exterminating, common area mnt, cable, building insurance
  • 43 Units
  • Continental Inn Subdivision
  • The community has rules related to deed restrictions

Recreation

  • Tennis Courts

Pet Policy

  • No Pets Allowed

Security

  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,858

Year Built

Built in 1973

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condotel
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Maintenance Fee: 1200.00
  • Mandatory HOA: Yes
  • Control Depth: 1
  • Fee Includes: Bldg Exterior Mnt, Water, Sewer, Exterminating, Common Area Mnt, Cable, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 53.50
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Manager on Premises, Tennis Courts
  • Off Shore Island: No
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 1858.43
  • Title: Title Ins - Buyer
  • Vehicle Storage: Guest Parking, Off Street Parking, Open Parking
  • Year Built: 1973
  • Alternate Key Number: 1085758
  • Cooling Heating: Wall/Window Unit(s)
  • Pool Info: Decked, In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 467.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Storage, Drapes/Blinds Incl
  • Floor Number: 2.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Microwave, Refrigerator, Range, Oven
  • Specialty Rooms: Sun/Florida Room
  • Windows/Doors: Aluminum Windows, Sliding Glass Doors

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Built-in Grill, Sandy Beach, Chickee Hut
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: VE,AE,AE,AE,VE
  • Parcel Number: 00078902-001800
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 43.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 2, 2019
Closed on
Jul 15, 2019
Sold by
Ascher Ralph
Bought by
Rma Vinyard Llc
Seller's Agent
Lynn Goodwin, P.a.
Key Colony Beach Realty
Buyer's Agent
Creative Technology
List Price
$255,000
Sold Price
$235,000
Premium/Discount to List
-$20,000
-7.84%
Current Estimated Value
$404,409

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$169,409
Avg. Annual Appreciation
8.97%

Purchase Details

Listed on
Mar 2, 2019
Closed on
May 30, 2019
Sold by
Terpak Larry and Terpak Gwen
Bought by
Ascher Ralph
Seller's Agent
Lynn Goodwin, P.a.
Key Colony Beach Realty
Buyer's Agent
Creative Technology
List Price
$255,000
Sold Price
$235,000
Premium/Discount to List
-$20,000
-7.84%

Purchase Details

Closed on
Jul 6, 2000
Sold by
Wells Carter G and Wells Laura M
Bought by
Terpak Larry and Terpak Gwen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$90,000
Interest Rate
8.63%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 22, 1998
Sold by
Jacobs Thomas D and Jacobs Hilary M
Bought by
Wells Carter G and Wells Laura M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$70,000
Interest Rate
7.19%

Purchase Details

Closed on
Apr 1, 1985
Bought by
Terpak Larry and Terpak Gwen

Purchase Details

Closed on
Feb 1, 1974
Bought by
Terpak Larry and Terpak Gwen
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
Rma Vinyard Llc -- Attorney
Rma Vineyard Llc -- Attorney
Ascher Ralph $235,000 Attorney
Terpak Larry $120,000 --
Wells Carter G $80,000 --
Terpak Larry $79,000 --
Terpak Larry $25,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Wells Carter G $90,000
Previous Owner Wells Carter G $70,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2019 05/31/19 Sold $235,000 -7.8% $503 / Sq Ft
04/11/2019 04/11/19 Pending -- -- --
03/02/2019 03/02/19 For Sale $255,000 -- $546 / 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 $3,039 $273,412 -- $273,412
2023 $3,039 $273,412 $0 $273,412
2022 $2,805 $256,390 $0 $256,390
2021 $2,630 $222,346 $0 $222,346
2020 $2,331 $192,704 $0 $192,704
2019 $2,036 $182,238 $0 $182,238
2018 $1,858 $173,103 $0 $0
2017 $1,739 $170,614 $0 $0
2016 $1,704 $163,848 $0 $0
2015 -- $154,115 $0 $0
2014 -- $94,334 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lynn Goodwin, P.a.

    Key Colony Beach Realty

  • AIMEE KORNETTI

    Seller Co-Listing Agent in 2019

    AIMEE KORNETTI

    Coldwell Banker Schmitt Real Estate Co.

    (305) 600-9726

    75 in this area

    136 Total Sales

    AIMEE KORNETTI
    Section Image

  • o

    Buyer's Agent in 2019

    outside of mls

    Outside Of MLS

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 584549

Florida Keys Board of REALTORS®

APN: 00078902-001800

Florida Monroe County Key Colony Beach 33051

1121 W Ocean Dr Unit 18, Key Colony Beach, FL

This home is located at 1121 W Ocean Dr Unit 18, Key Colony Beach, FL 33051 since 02 March 2019 and is currently estimated at $404,409, approximately $865 per square foot. This property was built in 1973. 1121 W Ocean Dr Unit 18 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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