NOT LISTED FOR SALE

11231 2nd Avenue Ocean Marathon, FL 33050

Estimated Value: $552,000 - $591,000

2 Beds
2 Baths
875 Sq Ft
$649/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $545,000 $623 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $3,430/month

103 Days on Market

Highlights

  • Spa
  • Furnished
  • Gazebo
  • Coral Shores High School Rated A
  • No HOA
  • Stainless Steel Appliances

About This Home

As of May 2024

Discover your KEYS INVESTMENT PROPERTY in Marathon, FL NOW IS THE TIME! All set up and licensed for rental, currently there is a month-to-month renter. Exceptional rental history with tracked bookings and financials available upon request.Welcome to your tropical oasis represented by this newly renovated 2-bedroom,2-bathroom home. A charming retreat nestled in a prime location.A beautifully appointed space adorned with modern finishes andthoughtful design. The open layout invites you into a cozy ambiance where every corner exudes comfort and style.Indoor/Outdoor living with your private, fenced tropical backyard - an absolute paradise,featuring a covered gazebo spa, perfect for unwinding after a day of exploring the KEYS.This home comes fully furnished and equipped with everything you need for a seamless transition, including KEYS rental essential amenities: kayaks and bicycles. Whetheryou're seeking a strong rental income opportunity or envisioning your own slice ofparadise, this property offers versatility and endless possibilities. With a short drive to Key West, you can enjoy ''The Southern Most Point'', and 5 minutes from the Marathon airport.Don't miss this opportunity to own a piece of paradise in Marathon! By appointment ONLY.

Last Agent to Sell the Property

Joani Jehlen-Towe

LoKation Real Estate - Tavernier License #3315200 Listed on: 01/15/2024

Last Buyer's Agent

Sunne Rego

Ocean Sotheby's International Realty License #3116799

Ocean Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,291

Year Built

  • Built in 1976 | Remodeled

Lot Details

  • 2,750 Sq Ft Lot
  • Fenced
  • Property is zoned RM-1 - Residential Medium - 1

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 875 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Carport
  • Open Parking

Outdoor Features

  • Spa
  • Balcony
  • Patio
  • Gazebo

Location

  • Ground Level

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Little Venice Subdivision

Listing and Financial Details

  • Minimum Rental Period: 7

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,291

Year Built

Built in 1976 | 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
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
  • Mile Marker: 53.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4291.00
  • Vehicle Storage: Carport, Open Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1976
  • Alternate Key Number: 1422452
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 2750.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 875.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Aluminum Windows
  • Appliances Other: Turn Key Ready
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Hot Tub, Gazebo
  • Roof: Tar/Gravel Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2024
Closed on
May 30, 2024
Sold by
Grimsley Joseph G and Grimsley Karen M
Bought by
Johnston Sabrina Loraine
Seller's Agent
Joani Jehlen-Towe
LoKation Real Estate - Tavernier
Buyer's Agent
Sunne Rego
Ocean Sotheby's International Realty
List Price
$650,000
Sold Price
$545,000
Premium/Discount to List
-$105,000
-16.15%
Views
109
Current Estimated Value
$568,200

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,200
Avg. Annual Appreciation
3.36%
Original Mortgage
$517,750
Outstanding Balance
$511,776
Interest Rate
7.17%
Mortgage Type
New Conventional
Estimated Equity
$56,424

Purchase Details

Closed on
May 25, 2021
Sold by
Peck Gloria J
Bought by
Grimsley Joseph G and Grimsley Karen M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Nov 3, 2017
Sold by
Peck Gloria J and The Gloria J Peck Trust
Bought by
Peck Gloria J

Purchase Details

Closed on
Jan 3, 2012
Sold by
Peck Gloria J
Bought by
Peck Gloria J

Purchase Details

Closed on
Mar 4, 2011
Sold by
Tolle Vertis
Bought by
Peck Gloria J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 6, 2000
Bought by
Peck Gloria J Trust 7/17/2002

Purchase Details

Closed on
Feb 1, 1973
Bought by
Peck Gloria J Trust 7/17/2002
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Johnston Sabrina Loraine $545,000 None Listed On Document
Grimsley Joseph G $350,000 Attorney
Peck Gloria J -- Attorney
Peck Gloria J -- Attorney
Peck Gloria J $130,000 Attorney
Peck Gloria J Trust 7/17/2002 $130,000 --
Peck Gloria J Trust 7/17/2002 $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Johnston Sabrina Loraine $517,750
Previous Owner Grimsley Joseph G $150,000
Previous Owner Peck Gloria J $110,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2024 05/30/24 Sold $545,000 -9.0% $623 / Sq Ft
04/27/2024 04/27/24 Pending -- -- --
03/20/2024 03/20/24 Price Changed $599,000 -7.8% $685 / Sq Ft
01/15/2024 01/15/24 For Sale $650,000 -- $743 / 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 $4,291 $458,196 $260,563 $197,633
2023 $4,291 $405,963 $242,688 $163,275
2022 $3,988 $364,466 $188,375 $176,091
2021 $1,134 $102,951 $0 $0
2020 $1,108 $101,530 $0 $0
2019 $1,081 $99,248 $0 $0
2018 $1,038 $97,398 $0 $0
2017 $1,013 $95,395 $0 $0
2016 $1,011 $93,433 $0 $0
2015 $1,022 $92,784 $0 $0
2014 $1,028 $92,048 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Joani Jehlen-Towe

    Seller's Agent in 2024

    Joani Jehlen-Towe

    LoKation Real Estate - Tavernier

    (305) 393-2752

    11 Total Sales

    Joani Jehlen-Towe
    Section Image
  • Sunne Rego

    Buyer's Agent in 2024

    Sunne Rego

    Ocean Sotheby's International Realty

    (305) 923-9271

    67 Total Sales

    Sunne Rego
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 608176

Florida Keys Board of REALTORS®

APN: 00344530-000000

Florida Monroe County Marathon 33050

11231 2nd Avenue Ocean, Marathon, FL

This home is located at 11231 2nd Avenue Ocean, Marathon, FL 33050 since 15 January 2024 and is currently estimated at $568,200, approximately $649 per square foot. This property was built in 1976. 11231 2nd Avenue Ocean 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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