$659,000
SOLD AUG 8, 2024

11554 5th Avenue Ocean Marathon, FL 33050

3 Beds
2 Baths
1,222 Sq Ft
2,750 Sq Ft Lot

Recently Sold

$539 Per Sq Ft

21 Days on Market

Highlights

  • Home Theater
  • Canal View
  • Furnished
  • Coral Shores High School Rated A
  • Key West Architecture
  • Quartz Countertops

About This Home

As of August 2024

Charming conch cottage in Little Venice neighborhood of Marathon, one house from deep canal and one street from Atlantic Ocean. Fully updated and renovated after Hurricane Irma. Currently used as a private residence but easily converted to vacation rental use. New mini split A/C's in 4 rooms, helps minimize electricity costs when 2nd and/or 3rd BR not in use. Offered turnkey furnished with nice furniture, fully equipped kitchen and 4 wall mounted TV's. Kitchen appliances are GE Profile. Seller is a licensed Florida Realtor.

Last Agent to Sell the Property

Kim King

Lokation Real Estate License #3279166 Listed on: 06/01/2024

Lokation Real Estate

Last Buyer's Agent

Lazara Roque

Dream Life Realty License #3429128

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,087

Year Built

  • Built in 1955 | Remodeled

Lot Details

  • 2,750 Sq Ft Lot
  • Fenced
  • Property is zoned RH - Residential High

Home Design

  • Key West Architecture

Interior Spaces

  • 1,222 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • Shutters
  • Blinds
  • Home Theater
  • Storage
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Home Security System
  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 3 Parking Spaces
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Accessible Home Design

  • Grab Bars
  • Accessible Kitchen
  • Handicap Accessible
  • Accessible Doors
  • Accessible Parking

Outdoor Features

  • Patio
  • Exterior Lighting
  • Shed

Utilities

  • Ductless Heating Or Cooling System
  • Separate Meters
  • Tankless Water Heater
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00345850-000000

Community Details

Overview

  • No Home Owners Association
  • Little Venice Subdivision

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,087

Year Built

Built in 1955 | 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
  • Voluntary HOA: No
  • Fee Includes: None
  • Handicap Access: Yes
  • Key Island: Marathon
  • Limited Representation: Yes
  • 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: Other Terms
  • Side: Ocean
  • State Province: FL
  • Taxes: 3087.47
  • Title: Negotiable
  • Vehicle Storage: Open Parking, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 3
  • Year Built: 1955
  • Alternate Key Number: 1423726
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 2750.00
  • Porch Balcony: Patio
  • Shutters: Accordion, Roll Down Manual, Panel
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1222.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • G F Interior Features: Tankless Hot Wtr Htr
  • 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, Window Treatments, Quartz Countertops, Built-in Cabinets, Storage, Smoke Alarms, Security System, Pantry
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Freezer, Disposal, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Theater Room
  • Windows/Doors: Other Windows/Doors, Impact Rstnce Window
  • Total Bedrooms: 3
  • Accessibility Features: Accessible Doors, Parking, Accessible Kitchen, Grab Bars

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Shed, Lighting
  • Roof: Other Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: On Premises System
  • Utilities: FKAA, Water Separate Meter, Cable Available, Elect Separate Meter, Municipal Sewer
  • Heating: Ductless

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE
  • Parcel Number: 00345850-000000
  • Lot Size: 50x55
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 1, 2024
Closed on
Aug 8, 2024
Sold by
King Ralph A and King Kim C
Bought by
De Armas Investments Llc
Seller's Agent
Kim King
Lokation Real Estate
Buyer's Agent
Lazara Roque
Dream Life Realty
List Price
$659,000
Sold Price
$659,000
Views
17

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$460,000
Outstanding Balance
$365,776
Interest Rate
6.86%
Mortgage Type
Balloon
Estimated Equity
$345,985

Purchase Details

Listed on
May 31, 2020
Closed on
Jul 20, 2020
Sold by
Baggs Cora Elizabeth
Bought by
King Ralph A and King Kim C
Seller's Agent
Melissa Nowell
Ocean Sotheby's International Realty
Buyer's Agent
Kim King
Key Colony Beach Realty
List Price
$398,000
Sold Price
$350,000
Premium/Discount to List
-$48,000
-12.06%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.91%

Purchase Details

Closed on
Dec 27, 2012
Sold by
Baggs Spencer Ritchie and Baggs Cora Elizabeth
Bought by
Baggs Cora Elizabeth

Purchase Details

Closed on
Feb 2, 2001
Sold by
Tennyson Kyle and Tennyson Amy
Bought by
Baggs Maye R and Baggs Spencer R

Purchase Details

Closed on
May 18, 2000
Sold by
Bank Of America Na
Bought by
Tennyson Kyle and Tennyson Amy

Purchase Details

Closed on
Feb 8, 2000
Sold by
Clerk Of The Court
Bought by
Nationsbank Na

Purchase Details

Closed on
Jun 29, 1995
Sold by
Gebhardt Rudolph Herman
Bought by
Gebhardt Gary William and Gebhardt Rudolph Herman

Purchase Details

Closed on
Jul 1, 1989
Bought by
Baggs Cora Elizabeth

Purchase Details

Closed on
Nov 1, 1985
Bought by
Baggs Cora Elizabeth
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $659,000 Mg Title Services
Warranty Deed $350,000 Attorney
Warranty Deed $350,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Warranty Deed $149,500 --
Deed $80,000 --
Deed -- --
Quit Claim Deed -- --
Quit Claim Deed $80,400 --
Warranty Deed $85,000 --
Warranty Deed $45,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $460,000 Balloon
Previous Owner $25,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 For Sale $730,000 0.0% $597 / Sq Ft
04/03/2025 04/03/25 Off Market $730,000 -- --
12/10/2024 12/10/24 Price Changed $730,000 -3.9% $597 / Sq Ft
10/08/2024 10/08/24 For Sale $760,000 +15.3% $622 / Sq Ft
08/08/2024 08/08/24 Sold $659,000 0.0% $539 / Sq Ft
06/24/2024 06/24/24 For Sale $659,000 0.0% $539 / Sq Ft
06/22/2024 06/22/24 Pending -- -- --
06/01/2024 06/01/24 For Sale $659,000 +88.3% $539 / Sq Ft
07/21/2020 07/21/20 Sold $350,000 -12.1% $286 / Sq Ft
05/31/2020 05/31/20 For Sale $398,000 -- $326 / 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 $3,087 $323,634 -- --
2023 $3,087 $314,208 $0 $0
2022 $3,035 $305,057 $0 $0
2021 $3,050 $296,172 $127,875 $168,297
2020 $2,853 $243,132 $91,438 $151,694
2019 $2,774 $261,238 $107,250 $153,988
2018 $2,558 $257,212 $99,000 $158,212
2017 $2,329 $222,195 $0 $0
2016 $2,417 $258,962 $0 $0
2015 $2,061 $179,198 $0 $0
2014 $1,853 $133,589 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 610339

APN: 00345850-000000