NOT LISTED FOR SALE

160 8th St Unit 1, 2, 3, &4 Key Colony Beach, FL 33051

Estimated Value: $294,000 - $643,000

4 Beds
4 Baths
2,392 Sq Ft
$181/Sq Ft Est. Value

Last Sold March 31, 2014

Last sale price $400,000 $167 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $2,584/month

285 Days on Market

About This Home

As of March 2014

Four units in this complex. 1 bedroom, 1 bath apartment. Full building currently available. This four unit building has condo documents but they have never been activated. Entire building owned by one entity. Excellent opportunity to either collect rent or live in and rent. Each unit is currently occupied at $1000.00 a month plus utilities. FANTASTIC LOCATION and price reduced 6-28-13.

Last Listed By

Gail Borysiewicz

Gail's Island Realty, Inc. License #591280 Listed on: 04/22/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $878

Year Built

  • Built in 1993

Lot Details

  • 8,102

Home Design

  • 2,392 Sq Ft Home

Kitchen

  • Freezer

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Utilities

  • Public Hookup Available For Sewer
  • Community Sewer or Septic

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • No Home Owners Association
  • Association fees include sewer
  • 4 Units
  • Century Club North Subdivision

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$878

Year Built

Built in 1993

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • Mandatory HOA: No
  • Fee Includes: Sewer
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 53.40
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 878.04
  • Year Built: 1993
  • Alternate Key Number: 8815794, 8815816, 8815824, 8815832
  • Building Style: Other Bldg Style
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 2392.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Freezer, Refrigerator
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Community Swr Plant

Lot Info

  • Deed Restrictions: No
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2012

Multi Family

  • Total Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 1, 2016
Sold by
Land Trust Service Corporation
Bought by
Sombrero Sunsets Llc
Total Days on Market
285
Current Estimated Value
$433,556

Purchase Details

Listed on
Apr 22, 2013
Closed on
Mar 28, 2014
Sold by
Century Club South Of Key Colony Beach L
Bought by
Trust #160-8 and Land Trust Service Corporation
Seller's Agent
Gail Borysiewicz
Gail's Island Realty, Inc.
Buyer's Agent
Gail Borysiewicz
Coldwell Banker Schmitt Real Estate Co.
List Price
$475,000
Sold Price
$400,000
Premium/Discount to List
-$75,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.52%

Purchase Details

Closed on
Feb 16, 2012
Sold by
Smith Kevin A and Estate Of Robert Paul Smith
Bought by
Century Club South Of Key Colony Beach L

Purchase Details

Closed on
Apr 17, 2003
Bought by
Sombrero Sunsets Llc

Purchase Details

Closed on
Nov 27, 2002
Sold by
Wilson Pollyann S
Bought by
Ellison William and Ellison Rosemarie

Purchase Details

Closed on
Feb 27, 2002
Sold by
Donald F Voelkert M and Ruth A Voelkert M
Bought by
Wilson Pollyann S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
6.81%

Purchase Details

Closed on
Jan 22, 1998
Sold by
Denise S Jones Tr
Bought by
Brown Ruth A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$54,000
Interest Rate
7.19%
Mortgage Type
Balloon

Purchase Details

Closed on
Nov 1, 1997
Bought by
Sombrero Sunsets Llc

Purchase Details

Closed on
Dec 1, 1992
Bought by
Sombrero Sunsets Llc

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
Sombrero Sunsets Llc $582,500 Attorney
Trust #160-8 $380,000 Attorney
Century Club South Of Key Colony Beach L $328,000 Attorney
Sombrero Sunsets Llc $153,000 --
Ellison William $165,000 --
Wilson Pollyann S $155,000 --
Brown Ruth A $68,000 --
Sombrero Sunsets Llc $68,000 --
Sombrero Sunsets Llc $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brown Ruth A $125,000
Previous Owner Brown Ruth A $54,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2014 03/31/14 Sold $400,000 -15.8% $167 / Sq Ft
02/01/2014 02/01/14 Pending -- -- --
04/22/2013 04/22/13 For Sale $475,000 -- $199 / 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 $2,157 $231,002 -- $231,002
2023 $2,157 $208,904 $0 $208,904
2022 $2,046 $208,904 $0 $208,904
2021 $1,918 $180,092 $0 $180,092
2020 $1,775 $172,651 $0 $172,651
2019 $1,642 $153,761 $0 $153,761
2018 $1,539 $153,761 $0 $0
2017 $1,234 $86,430 $0 $0
2016 $1,268 $86,430 $0 $0
2015 $1,237 $86,430 $0 $0
2014 $1,260 $86,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2014

    Gail Borysiewicz

    Gail's Island Realty, Inc.

    (305) 481-6887

    20 Total Sales

    Gail Borysiewicz
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 561110

Florida Keys Board of REALTORS®

APN: 00074700-000101

Florida Monroe County Key Colony Beach 33051

160 8th St Unit 1, 2, 3, &4, Key Colony Beach, FL

Homes for Sale in Key Colony Beach, FL

This home is located at 160 8th St Unit 1, 2, 3, &4, Key Colony Beach, FL 33051 since 22 April 2013 and is currently estimated at $433,556, approximately $181 per square foot. This property was built in 1993. 160 8th St Unit 1, 2, 3, &4 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High 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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