NOT LISTED FOR SALE

1585 122nd Street Ocean Marathon, FL 33050

Estimated Value: $2,837,000 - $3,278,000

4 Beds
5 Baths
2,914 Sq Ft
$1,049/Sq Ft Est. Value

Last Sold March 14, 2022

Last sale price $2,700,000 $927 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $17,661/month

152 Days on Market

Highlights

  • Airstrip
  • Ocean View
  • Beach
  • Coral Shores High School Rated A
  • Boat Ramp
  • Dock made with wood

About This Home

As of March 2022

Possible 5th and 6th bedroom options from the upstairs loft and extended Garage/workshop area. New standing seam metal roof, new fixtures interior and exterior, all new interior and exterior paint, all new lighting, open water, approximately 3k sf, 4/4 with elevator and office/loft area, large double car garage, 120' of water frontage with 2 boat lifts on open water. Weekly rentals allowed, faces due south right on Bonefish Bay!

Last Agent to Sell the Property

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 08/13/2021

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Gail Borysiewicz

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,700

Year Built

  • Built in 2006 | Remodeled

Lot Details

  • 9,795 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned RM - Residential Medium

Home Design

  • Metal Roof

Interior Spaces

  • 2,914 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Entrance Foyer
  • Workshop
  • Utility Room
  • Laundry Room
  • Ocean Views
  • Impact Glass

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Airstrip
  • Seawall
  • Boat Lift
  • Dock made with wood
  • Tennis Courts
  • Balcony
  • Patio
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00357880-000000

Community Details

Overview

  • No Home Owners Association
  • Yacht Harbor Island Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,700

Year Built

Built in 2006 | 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
  • Dockage Dock: Wood
  • Dockage Seawall: Concrete
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Vaca East (Vaca to Coco)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Tennis Courts, Other Area Features, Community Boat Ramp, Bike Paths, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 12700.42
  • Vehicle Storage: Auto Door Opener, Garage
  • Vehicle Storage Cars: 2
  • Year Built: 2006
  • Alternate Key Number: 1439932
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 9795.00
  • Pool Info: Concrete, Salt Water, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Roof Top Deck, Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2914.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Granite Counter Top, Elevator, Entrance Foyer
  • Total Bathrooms: 5.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Range, Stainless Steel Appliance(s), Refrigerator, Microwave, Freezer, Disposal
  • Floor: Carpet, Tile
  • Half Bathrooms: 2
  • Specialty Rooms: Laundry Room, Utility Room, Workshop
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 4
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Open Water
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Storage, Privacy Wall/Fence, Lighting
  • Roof: Metal Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE 7
  • Parcel Number: 00357880-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.22

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2020

Matterport 3D Tour

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 13, 2021
Closed on
Mar 14, 2022
Sold by
Holseberg Properties Llc
Bought by
John Kovacs Amended And Restated Revocable Tr
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Gail Borysiewicz
Coldwell Banker Schmitt Real Estate Co.
List Price
$2,900,000
Sold Price
$2,700,000
Premium/Discount to List
-$200,000
-6.9%
Current Estimated Value
$3,057,892

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$357,892
Avg. Annual Appreciation
3.35%
Original Mortgage
$647,200
Interest Rate
3.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 5, 2005
Sold by
Rocheleau Sandra A
Bought by
City Of Marathon

Purchase Details

Closed on
Dec 9, 2004
Sold by
Key Vaca Llc
Bought by
Rocheleau Sandra A and Sandra L Rocheleau Trust

Purchase Details

Closed on
Aug 25, 2003
Sold by
Schmitt Brian C
Bought by
Key Vaca Llc

Purchase Details

Closed on
Jul 30, 2003
Sold by
Campbell Charles M and Campbell Barbara M
Bought by
Schmitt Brian C

Purchase Details

Closed on
Mar 1, 1982
Bought by
Rocheleau Sandra A Trust Dtd 4/5/99
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
John Kovacs Amended And Restated Revocable Tr $2,700,000 Wolfe Stevens Pllc
City Of Marathon -- --
Rocheleau Sandra A $1,035,000 --
Key Vaca Llc -- --
Schmitt Brian C $270,000 --
Rocheleau Sandra A Trust Dtd 4/5/99 -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner John Kovacs Amended And Restated Revocable Tr $647,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/14/2022 03/14/22 Sold $2,700,000 -3.5% $927 / Sq Ft
01/04/2022 01/04/22 Price Changed $2,799,000 -3.5% $961 / Sq Ft
08/13/2021 08/13/21 For Sale $2,900,000 +84.1% $995 / Sq Ft
07/14/2020 07/14/20 Sold $1,575,000 -4.5% $540 / Sq Ft View Prior Sale
06/13/2020 06/13/20 Pending -- -- --
06/06/2020 06/06/20 Price Changed $1,650,000 -5.4% $566 / Sq Ft
05/04/2020 05/04/20 Price Changed $1,745,000 -0.3% $599 / Sq Ft
01/28/2020 01/28/20 For Sale $1,750,000 -- $601 / 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
2025 $19,104 $2,164,027 -- --
2024 $19,028 $2,103,039 -- --
2023 $19,028 $2,041,786 $0 $0
2022 $15,708 $1,975,472 $911,915 $1,063,557
2021 $13,528 $1,313,840 $623,452 $690,388
2020 $12,700 $1,250,044 $588,557 $661,487
2019 $12,668 $1,245,519 $568,230 $677,289
2018 $11,649 $1,185,456 $574,275 $611,181
2017 $11,823 $1,201,809 $0 $0
2016 $13,954 $1,414,767 $0 $0
2015 $12,534 $1,240,450 $0 $0
2014 $7,122 $703,986 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597305

Florida Keys Board of REALTORS®

APN: 00357880-000000