$625,000
SOLD MAR 6, 2024

1998 Overseas Hwy Unit A31 Marathon, FL 33050

3 Beds
2 Baths
1,650 Sq Ft
3 Acres

Recently Sold

$379 Per Sq Ft

8% Below List Price

134 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Screened Balcony
  • Walk-In Closet
  • Coral Shores High School Rated A
  • Attached Garage
  • Electric Gate

About This Home

As of March 2024

Rare to find 3 bedroom condo with split floor plan and spacious 1650 sq. ft. of living area. The unique design also has no shared walls with other units. Huge wraparound, screened porch with views of the Gulf! Primary suite and the 2nd bedroom have access to the porch. Full size washer and dryer inside the unit off the kitchen. Large storage unit on the same floor. Assigned, covered parking for 1 car plus guest parking. Approximately 3 acres of nicely maintained grounds with a tennis court. Gated complex with two buildings, 16 units per building. You have use of Faro Blanco Resort and Yacht Club's pools next door and a discount in their restaurant. If you need a slip, check into renting one at the resort's marina.

Last Agent to Sell the Property

Amy Puto

Coldwell Banker Schmitt Real Estate Co. License #3012615 Listed on: 09/28/2023

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Monica Barrett

Coldwell Banker Schmitt Real Estate Co. License #SL3345718

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,533

Year Built

  • Built in 1983

Lot Details

  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Fenced

Property Views

  • Gulf
  • Harbor

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 1,650 Sq Ft Home
  • 5-Story Property
  • Ceiling Fan
  • Sliding Doors
  • Storage

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • Attached Garage
  • Electric Gate
  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Screened Balcony

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00102891-000900

Community Details

Overview

  • Property has a Home Owners Association
  • $1,288 Maintenance Fee
  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt, water
  • 32 Units
  • Faro Blanco Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Recreation

  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pet Restriction: Two pets

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,533

Year Built

Built in 1983

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Maintenance Fee: 1287.67
  • Mandatory HOA: Yes
  • Fee Includes: Cable, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town West (11th to 25th)
  • Mile Marker: 48.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Bike Paths, Other Area Features
  • Off Shore Island: No
  • Pets W Restrictions: Two pets
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5532.80
  • Title: Title Ins - Buyer
  • Vehicle Storage: Attached, Covered Parking, Off Street Parking, Guest Parking, Assigned Parking
  • Year Built: 1983
  • Alternate Key Number: 8675534
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Porch Balcony: Screened P/B
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 5 Stories
  • Estimated Living Sq Ft: 1650.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 5

Interior Features

  • Interior Amenities: Split Bedroom, Elevator, Walk-in Closet(s), Storage
  • Floor Number: 3.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Carpet
  • Windows/Doors: Sliding Glass Doors, Other Windows/Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: No
  • Construction: CBS, Concrete
  • Exterior Features: Fencing, Tennis Court(s)
  • Waterview: Bay/Gulf View, Harbor/Marina View, Open Water View
  • Pool: No

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Elect Separate Meter, Cable Available, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,AE
  • Parcel Number: 00102891-000900
  • Land Size: 2 Less Than 5 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 32.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2023
Closed on
Mar 6, 2024
Sold by
Das Ely Llc
Bought by
John W Havel Revocable Living Trust and Havel
Seller's Agent
Amy Puto
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Monica Barrett
Coldwell Banker Schmitt Real Estate Co.
List Price
$679,000
Sold Price
$625,000
Premium/Discount to List
-$54,000
-7.95%
Views
251

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.13%
Original Mortgage
$450,000
Outstanding Balance
$365,806
Interest Rate
7.25%
Mortgage Type
Seller Take Back
Estimated Equity
$286,336

Purchase Details

Closed on
Jan 5, 2022
Sold by
Allison Ely
Bought by
Das Ely Llc

Purchase Details

Closed on
Jun 1, 1989
Bought by
Ely John S

Purchase Details

Closed on
Oct 1, 1984
Bought by
Ely John S
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $625,000 None Listed On Document
Warranty Deed -- Highsmith & Van Loon Pa
Warranty Deed $11,528 Highsmith & Van Loon Pa
Deed -- Highsmith & Van Loon Pa
Warranty Deed $300,000 --
Warranty Deed $240,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $450,000 Seller Take Back
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/01/2025 04/01/25 For Sale $799,000 +27.8% $484 / Sq Ft
03/06/2024 03/06/24 Sold $625,000 -5.2% $379 / Sq Ft
02/09/2024 02/09/24 Pending -- -- --
11/02/2023 11/02/23 Price Changed $659,000 -2.9% $399 / Sq Ft
09/28/2023 09/28/23 For Sale $679,000 -- $412 / 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
2024 $6,501 $528,891 -- $528,891
2023 $6,501 $596,578 $0 $596,578
2022 $5,533 $518,203 $0 $518,203
2021 $5,166 $426,113 $0 $426,113
2020 $4,691 $398,906 $0 $398,906
2019 $4,465 $396,938 $0 $396,938
2018 $4,146 $396,938 $0 $0
2017 $3,825 $352,681 $0 $0
2016 $3,584 $301,802 $0 $0
2015 $3,450 $301,802 $0 $0
2014 $3,383 $301,802 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2025

    Angela Mitchell

    Florida Keys Real Estate Group

  • A

    Seller's Agent in 2024

    Amy Puto

    Coldwell Banker Schmitt Real Estate Co.

  • M

    Buyer's Agent in 2024

    Monica Barrett

    Coldwell Banker Schmitt Real Estate Co.

  • R

    Buyer Co-Listing Agent in 2024

    Rick Servais

    Coldwell Banker Schmitt Real Estate Co.

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 606810

APN: 00102891-000900

Florida Monroe County Marathon 33050

1998 Overseas Hwy Unit A31, Marathon, FL

This home is located at 1998 Overseas Hwy Unit A31, Marathon, FL 33050 and is currently priced at $625,000, approximately $378 per square foot. This property was built in 1983. 1998 Overseas Hwy Unit A31 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

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