NOT LISTED FOR SALE

1501 Ocean Bay Dr Unit C7 Key Largo, FL 33037

Estimated Value: $1,195,158 - $2,025,000

3 Beds
2 Baths
2,486 Sq Ft
$667/Sq Ft Est. Value

Last Sold May 01, 2018

Last sale price $626,852 $252 Per Sq Ft

Est. 164% increase in value since last sale

Current estimated payment $10,508/month

366 Days on Market

Highlights

  • Marina
  • Ocean Front
  • Newly Remodeled
  • Coral Shores High School Rated A
  • Boat Dock
  • 1-minute walk to Schwingggg

About This Home

As of May 2018

Exclusive and secluded residence on the Atlantic Ocean with private boat slip/lift just steps away. Spectacular lofted town home on 3 levels of designer upgrades, bamboo and travertine flooring, professional stainless appliances, blue marble and motorized window shades throughout. This completely refurbished residence with full 2 car garage, recreation room and views is Keys living at it finest!

Last Agent to Sell the Property

Joe Talamas

MMLS Assoc.-Inactive Member License #0690363 Listed on: 04/07/2017

MMLS Assoc.-Inactive Member

Last Buyer's Agent

Joe Talamas

MMLS Assoc.-Inactive Member License #0690363 Listed on: 04/07/2017

MMLS Assoc.-Inactive Member

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $3,735

Year Built

  • Built in 1997 | Newly Remodeled

Lot Details

  • 7

HOA Fees

  • $1,149 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 2,486 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Blinds
  • Picture Window
  • Direct Ocean Views

Kitchen

  • Electric Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Property has ocean access
  • Deeded Boat Dock

Additional Features

  • Ocean Front
  • Central Heating and Cooling System

Community Details

Overview

  • Key Largo Yacht Club Condos

Recreation

  • Boat Dock
  • Marina
  • Community Playground
  • Community Pool

Pet Policy

  • Pets Allowed

Building Details

Security

  • Phone Entry
  • Impact Glass
  • High Impact Door

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$3,735

Year Built

Built in 1997 | Newly Remodeled

Lot Details

0

HOA Fees

$1,149 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Year Built: 1997
  • Property Sub Type: Condominium
  • Entry Level: 1
  • Garage Yn: Yes
  • Horses: No
  • Inclusions: Deeded Dock
  • New Construction: No
  • Property Attached Yn: Yes
  • Structure Type: Townhouse, Condo
  • Year Built Details: New Construction
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Electric Range, Refrigerator, Washer
  • Interior Amenities: First Floor Entry, Volume Ceilings
  • Full Bathrooms: 2
  • Total Bedrooms: 3
  • Door Features: High Impact Doors
  • Flooring: Marble, Wood
  • Furnished: Furnished
  • Other Equipment: Automatic Garage Door Opener
  • Possible Use: Secondary
  • Stories: 3
  • Window Features: Blinds, Impact Glass, Picture Window
  • Bedroom Features: Primary Bedroom Upstairs

Exterior Features

  • View: Direct Ocean
  • Exterior Features: Other
  • Pool Private: No
  • Property Condition: New Construction
  • View: Yes
  • Waterfront Features: Ocean Access, Ocean Front
  • Waterfront: Yes

Garage/Parking

  • Park Building Name: Key Largo Yacht Club
  • Covered Parking Spaces: 2
  • Garage Spaces: 2
  • Parking Features: Covered

Utilities

  • Cooling: Ceiling Fan(s), Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes
  • Security: Phone Entry

Condo/Co-op/Association

  • Association Fee: 1149
  • Amenities: Boat Dock, Marina, Child Play Area, Pool
  • Association Fee Frequency: Monthly
  • Association: Yes
  • ResoAssociationFeeFrequency: Monthly

Association/Amenities

  • MIAMIRE_TypeofAssociation: Condo

Lot Info

  • Parcel Number: 000
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Yes

Multi Family

  • Maintenance Expense: 1149

Tax Info

  • Tax Year: 2016
  • Tax Annual Amount: 3735

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2017
Closed on
Apr 30, 2018
Sold by
Unknown
Bought by
Sessa Marc and Sessa Natalia
Seller's Agent
Joe Talamas
MMLS Assoc.-Inactive Member
Buyer's Agent
Joe Talamas
MMLS Assoc.-Inactive Member
List Price
$749,000
Sold Price
$626,852
Premium/Discount to List
-$122,148
-16.31%
Current Estimated Value
$1,657,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,030,188
Avg. Annual Appreciation
13.98%

Purchase Details

Listed on
Apr 7, 2017
Closed on
Apr 27, 2018
Sold by
Unknown
Bought by
Sessa Marc and Sessa Natalia
Seller's Agent
Joe Talamas
MMLS Assoc.-Inactive Member
Buyer's Agent
Joe Talamas
MMLS Assoc.-Inactive Member
List Price
$749,000
Sold Price
$626,852
Premium/Discount to List
-$122,148
-16.31%

Purchase Details

Closed on
Mar 30, 2016
Sold by
Palmer Mary Ann and Palmer Mark S
Bought by
Gehani Sonil S

Purchase Details

Closed on
Oct 31, 2008
Sold by
Palmer Mark S and Palmer Mary Ann
Bought by
Palmer Mary Ann

Purchase Details

Closed on
Jun 12, 2006
Sold by
Grosso George D and Grosso Diane K
Bought by
Palmer Mark S and Palmer Mary Ann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 23, 2004
Sold by
Interlandi Nadine
Bought by
Palm Beach County

Purchase Details

Closed on
Sep 24, 1999
Bought by
Gehani Sonil S

Purchase Details

Closed on
Sep 28, 1995
Sold by
Cyma Dev Co
Bought by
Dominicis Jorge L and Dominicis Maria C
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
Sessa Marc -- --
Sessa Marc D $690,000 Coral Reef Title
Sessa Marc -- --
Sessa Marc D $690,000 Coral Reef Title
Gehani Sonil S $635,000 Attorney
Palmer Mary Ann -- None Available
Palmer Mark S $925,000 Century Title Corporation
Palm Beach County -- --
Gehani Sonil S $250,000 --
Dominicis Jorge L $204,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Palmer Mark S $500,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/01/2018 05/01/18 Sold $626,852 -16.3% $252 / Sq Ft
04/08/2018 04/08/18 Pending -- -- --
04/07/2017 04/07/17 For Sale $749,000 -- $301 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $6,467 $1,023,687 -- $1,023,687
2023 $6,467 $1,023,687 $0 $1,023,687
2022 $5,480 $829,964 $0 $829,964
2021 $4,463 $499,188 $0 $499,188
2020 $4,485 $499,188 $0 $499,188
2019 $4,698 $524,980 $0 $524,980
2018 $4,779 $524,980 $0 $0
2017 $4,511 $494,516 $0 $0
2016 $3,725 $385,907 $0 $0
2015 $3,795 $385,907 $0 $0
2014 $3,889 $385,907 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Joe Talamas

    MMLS Assoc.-Inactive Member

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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10254696

MIAMI REALTORS® MLS

APN: 00090401-000119

Florida Monroe County Key Largo 33037

1501 Ocean Bay Dr Unit C7, Key Largo, FL

This home is located at 1501 Ocean Bay Dr Unit C7, Key Largo, FL 33037 since 07 April 2017 and is currently estimated at $1,657,040, approximately $666 per square foot. This property was built in 1997. 1501 Ocean Bay Dr Unit C7 is a home located in Monroe County with nearby schools including Key Largo School, Coral Shores High School, and Dolphin Montessori Children's House.

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.

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