NOT LISTED FOR SALE

140 N Ocean Ln Islamorada, FL 33036

Estimated Value: $899,000 - $1,305,000

2 Beds
2 Baths
1,114 Sq Ft
$924/Sq Ft Est. Value

Last Sold April 13, 2020

Last sale price $580,000 $521 Per Sq Ft

Est. 78% increase in value since last sale

Current estimated payment $6,045/month

37 Days on Market

Highlights

  • Ocean View
  • Boat Ramp
  • No HOA
  • Plantation Key School Rated A-
  • Beach
  • 1-minute walk to Founders Park

About This Home

As of April 2020

Island living at it's best. Centrally located in the town of Islamorada within walking distance of restaurants and shops, this adorable 2 bedroom 2 bath cottage is the epitome of the Keys laid back lifestyle. Beautiful ocean view from the lane up to the cottage. One lot in from the ocean front park with beach and water access for Ocean Lane residents only. This conch home has been updated and renovated throughout while still keeping it's vintage charm. Some of the major improvements include hurricane resistant windows and doors; metal roof; hvac with central a/c and heat; and hooked up to central sewer.The lovely views from all the rooms will encourage you to stay a lifetime. Large and mature trees for shade and your enjoyment.

Last Agent to Sell the Property

Loretta Lawrence

Island Equity Real Estate License #3055525 Listed on: 01/08/2020

Last Buyer's Agent

Eric Rizzo

Ocean Sotheby's International Realty License #3347022

Ocean Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,077

Year Built

  • Built in 1961 | Remodeled

Lot Details

  • 9,000 Sq Ft Lot
  • Property is zoned R1 - Residential Single Family

Parking

  • Carport

Home Design

  • Metal Roof

Interior Spaces

  • 1,114 Sq Ft Home
  • Ocean Views
  • Impact Glass
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Accessible Home Design

  • Grab Bars
  • Handicap Accessible
  • Accessible Ramps

Outdoor Features

  • Patio
  • Shed

Location

  • Ground Level

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Other Tax Exemptions
  • Assessor Parcel Number 00401440-000000

Community Details

Overview

  • No Home Owners Association
  • Oceana Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,077

Year Built

Built in 1961 | 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: 2
  • Document Count: 4
  • Fee Includes: None
  • Handicap Access: Yes
  • Key Island: Upper Matecumbe Key Islamorada
  • K W Neighborhood: Outside of Key West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 82.50
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Community Boat Ramp
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2077.36
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport
  • Year Built: 1961
  • Alternate Key Number: 1493775
  • Building Style: Ground Level
  • Cooling Heating: Central Air
  • Lot Sq Ft: 9000.00
  • Porch Balcony: Patio
  • Tax Exemptions: Disability, Homestead
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1114.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Refrigerator, Range
  • Floor: Carpet, Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 2
  • Accessibility Features: Grab Bars, Wheelchair Ramp

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Shed
  • Roof: Metal Roof
  • Waterview: Ocean View

Utilities

  • Security: Other
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE-10
  • Parcel Number: 00401440-000000
  • Lot Size: 100 X 90
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2020
Closed on
Apr 7, 2020
Sold by
Harrison Mary Wadleigh and Harrison Mary Wadleigh
Bought by
Bender Norman Harold and Bender Margaret Riker
Seller's Agent
Loretta Lawrence
Island Equity Real Estate
Buyer's Agent
Eric Rizzo
Ocean Sotheby's International Realty
List Price
$575,000
Sold Price
$580,000
Premium/Discount to List
$5,000
0.87%
Current Estimated Value
$1,029,522

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$449,522
Avg. Annual Appreciation
11.00%
Original Mortgage
$464,000
Outstanding Balance
$411,048
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$618,474

Purchase Details

Closed on
May 23, 2006
Sold by
Hamilton Robert W and Hamilton Mary Kathleen
Bought by
Harrison Mary Wadleigh and Mary Wadleigh Harrison Revocable Trust
Source: Public Records

Range of Values:

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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
Bender Norman Harold $580,000 Attorney
Harrison Mary Wadleigh $580,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bender Norman Harold $464,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/13/2020 04/13/20 Sold $580,000 +0.9% $521 / Sq Ft
02/14/2020 02/14/20 Pending -- -- --
01/08/2020 01/08/20 For Sale $575,000 -- $516 / 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 $7,039 $829,355 $604,647 $224,708
2023 $7,039 $871,452 $657,018 $214,434
2022 $6,158 $657,055 $438,012 $219,043
2021 $5,477 $465,380 $276,138 $189,242
2020 $4,989 $412,802 $223,560 $189,242
2019 $2,164 $160,089 $0 $0
2018 $2,101 $157,105 $0 $0
2017 $2,031 $153,874 $0 $0
2016 $2,064 $150,710 $0 $0
2015 $2,032 $149,662 $0 $0
2014 $2,007 $148,474 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2020

    Loretta Lawrence

    Island Equity Real Estate

    Section Image
  • Eric Rizzo

    Buyer's Agent in 2020

    Eric Rizzo

    Ocean Sotheby's International Realty

    (305) 394-3062

    33 in this area

    48 Total Sales

    Eric Rizzo
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 589046

Florida Keys Board of REALTORS®

APN: 00401440-000000

Florida Monroe County Islamorada 33036

140 N Ocean Ln, Islamorada, FL

This home is located at 140 N Ocean Ln, Islamorada, FL 33036 since 08 January 2020 and is currently estimated at $1,029,522, approximately $924 per square foot. This property was built in 1961. 140 N Ocean Ln is a home located in Monroe County with nearby schools including Plantation Key School, Coral Shores High School, and Treasure Village Montessori Charter 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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