NOT LISTED FOR SALE

16 Ocean E Marathon, FL 33050

Estimated Value: $1,268,311 - $1,920,000

4 Beds
2 Baths
2,008 Sq Ft
$771/Sq Ft Est. Value

Last Sold August 16, 2021

Last sale price $860,000 $428 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $9,122/month

19 Days on Market

Highlights

  • Airstrip
  • Ocean Front
  • Beach
  • Coral Shores High School Rated A
  • Boat Ramp
  • Dock made with concrete

About This Home

As of August 2021

Situated in the desirable Ocean East neighborhood, this one of a kind house is direct Ocean front and faces due East for spectacular sunrises. Boasting beautiful, custom built hardwood floors as well as hand crafted woodwork throughout the house: this gem is a must see! The pictures just don't do it justice! Gaze out at the open ocean from nearly every room in the house. Expansive master suite opens up to the spacious patio overlooking the Atlantic. Watch the lights twinkle on the shoreline at night. Spacious and open yard offers plenty of room for a pool and all your toys! New metal roof was installed in October 2018 by Lindholm. New AC Unit for the main floor installed in 2017. New appliances in the kitchen. There are 2 washer and dryer units. 25' Deeded deep water boat dock as well. You

Last Agent to Sell the Property

Brenda Torrella

Berkshire Hathaway HomeServices Keys Real Estate License #527007 Listed on: 06/10/2021

Berkshire Hathaway HomeServices Keys Real Estate

Co-Listed By

Teresa Yeider

Berkshire Hathaway HomeServices Keys Real Estate License #3326909

Last Buyer's Agent

Walter Ceballos

American Caribbean Real Estate Lower Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,890

Year Built

  • Built in 1978

Lot Details

  • 0.3 Acre Lot
  • Ocean Front
  • Property is zoned RM - Residential Medium

HOA Fees

  • $21 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,008 Sq Ft Home
  • Partially Furnished
  • Ceiling Fan
  • Fireplace
  • Sliding Doors
  • Workshop
  • Sun or Florida Room
  • Storage
  • Utility Room
  • Ocean Views

Kitchen

  • Oven
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Guest Parking
  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Airstrip
  • Dock made with concrete
  • Balcony
  • Deck
  • Patio

Utilities

  • Central Air
  • Heat Pump System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00104670-001600

Community Details

Overview

  • Ocean East Subdivision
  • Rental Restrictions

Recreation

  • Boat Ramp
  • Beach
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,890

Year Built

Built in 1978

Lot Details

0

HOA Fees

$21 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 00104670-001601
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 250.00
  • Mandatory HOA: No
  • Voluntary HOA: Yes
  • Dockage Dock: Concrete
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Sombrero
  • Mile Marker: 50.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Airstrip, Bike Paths, Beach, Fire Hydrant
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 7890.42
  • Title: Negotiable
  • Vehicle Storage: Open Parking, Covered Parking, Off Street Parking, Guest Parking
  • Year Built: 1978
  • Alternate Key Number: 1122491
  • Building Style: Other Bldg Style
  • Cooling Heating: Central Air, Ceiling Fans(s), Heat Pump
  • Lot Sq Ft: 12950.00
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Association Maintenance Fee Per: Yearly
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2008.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Fireplace(s), Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Oven, Range, Refrigerator, Dryer
  • Floor: Tile, Wood
  • Specialty Rooms: Sun/Florida Room, Workshop, Utility Room
  • Windows/Doors: Glass Doors, Other Windows/Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: Additional 1568 SF Non-Conforming Lower Level Finished

Exterior Features

  • Waterfront: Oceanfront, Open Water
  • Waterfront: Yes
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: Ocean View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Water Separate Meter, Elect Separate Meter, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,VE,VE
  • Parcel Number: 00104670-001600
  • Lot Size: 180' x 72' x 73' x 152'
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.30

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished, Partially

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2021
Closed on
Aug 12, 2021
Sold by
Shaffer Howard C and Shaffer Honora D
Bought by
Mth Ocean East Llc
Seller's Agent
Brenda Torrella
Berkshire Hathaway HomeServices Keys Real Estate
Buyer's Agent
Walter Ceballos
American Caribbean Real Estate Lower Keys
List Price
$899,000
Sold Price
$860,000
Premium/Discount to List
-$39,000
-4.34%
Current Estimated Value
$1,548,828

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$688,828
Avg. Annual Appreciation
14.38%
Original Mortgage
$365,000
Interest Rate
2.8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jul 1, 1986
Bought by
Shaffer Howard C and Shaffer Honora D

Purchase Details

Closed on
Dec 1, 1977
Bought by
Shaffer Howard C and Shaffer Honora D
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Mth Ocean East Llc $860,000 Attorney
Shaffer Howard C $206,000 --
Shaffer Howard C $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mth Ocean East Llc $365,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/16/2021 08/16/21 Sold $860,000 -4.3% $428 / Sq Ft
06/10/2021 06/10/21 For Sale $899,000 -- $448 / 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
2025 $12,122 $1,258,809 $957,377 $301,432
2024 $11,445 $1,025,602 $753,188 $272,414
2023 $11,445 $982,889 $725,019 $257,870
2022 $10,491 $793,863 $557,407 $236,456
2021 $8,050 $558,665 $0 $0
2020 $7,890 $551,891 $0 $0
2019 $7,756 $539,040 $0 $0
2018 $7,472 $529,936 $0 $0
2017 $7,353 $518,627 $0 $0
2016 $7,375 $509,186 $0 $0
2015 $7,355 $505,661 $0 $0
2014 $7,885 $600,448 $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: 596443

APN: 00104670-001600