NOT LISTED FOR SALE

1998 Overseas Hwy Unit A42 Marathon, FL 33050

Estimated Value: $680,000 - $915,000

3 Beds
2 Baths
1,650 Sq Ft
$808/mo HOA Fee

Last Sold January 07, 2021

Last sale price $630,000 $382 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $5,597/month

28 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • Property fronts gulf or ocean
  • Coral Shores High School Rated A
  • Beach
  • Sandy Beach

About This Home

As of January 2021

Here's your opportunity to own a RARE ocean-view penthouse unit at Faro Blanco. This beautifully maintained condo is set in an ideal location in the center of the complex where you look directly through the lush ravine to the unobstructed ocean and light house views. Offering a total of 1,650 square feet, the unit has a large extended balcony which offer an incredible indoor-outdoor living experience in an extraordinary sky-high setting. Featuring three spacious bedrooms and two bathrooms. The unit is light and bright with impact windows and tile floor. The large master bedroom includes a dual vanity, updated shower and large walk in closet. Mesmerizing views from every room.

Last Agent to Sell the Property

Amy Prumo

Exit Realty Florida Keys MTH Listed on: 11/11/2020

Co-Listed By

Thomas Carden

Coldwell Banker Schmitt Real Estate Co. License #3433526

Last Buyer's Agent

Lynn Thompson

UNKNOWNAGENCY

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,134

Year Built

  • Built in 1983

Lot Details

  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Sandy Beach
  • Sprinkler System

HOA Fees

  • $808 Monthly HOA Fees

Home Design

  • Entry on the 4th floor

Interior Spaces

  • 1,650 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Sliding Doors
  • Tile Flooring
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Split Bedroom Floorplan
  • 2 Full Bathrooms

Home Security

Parking

  • Covered Parking
  • Electric Gate
  • Guest Parking
  • Open Parking
  • Assigned Parking

Accessible Home Design

  • Accessible Elevator Installed

Pool

  • Heated Pool
  • Outdoor Pool

Outdoor Features

  • Airstrip
  • Screened Balcony
  • Exterior Lighting
  • Gazebo

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00102891-001400

Community Details

Overview

  • Association fees include building insurance, sewer, common area mnt, cable
  • Faro Blanco Subdivision

Recreation

  • Boat Ramp
  • Beach
  • Tennis Courts

Pet Policy

  • Pets Allowed
  • Pet Restriction: YES

Security

  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,134

Year Built

Built in 1983

Lot Details

0

HOA Fees

$808 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: Yes
  • Association Fee: 807.50
  • Mandatory HOA: Yes
  • Fee Includes: Building Insurance, Sewer, Common Area Mnt, Cable
  • 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: Airstrip, Community Boat Ramp, Beach
  • Pets: Pets Allowed
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5134.13
  • Vehicle Storage: Assigned Parking, Covered Parking, Open Parking, Guest Parking
  • Year Built: 1983
  • Alternate Key Number: 8675941
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Association Maintenance Fee Per: Monthly
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1650.00
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Split Bedroom
  • Floor Number: 4.00
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Oven, Refrigerator, Range
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Sliding Glass Doors
  • Total Bedrooms: 3
  • Accessibility Features: Accessible Elevator Installed

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Sandy Beach, Tennis Court(s), Sprinkler System, Gazebo, Lighting
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00102891-001400
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 15, 2024
Sold by
Pellegrini Terry
Bought by
Terry C Pellegrini Revocable Trust and Pellegrini
Current Estimated Value
$795,564

Purchase Details

Listed on
Nov 11, 2020
Closed on
Jan 7, 2021
Sold by
Stevenson Gina
Bought by
Pellegrini Terry
Seller's Agent
Amy Prumo
Exit Realty Florida Keys MTH
Buyer's Agent
Lynn Thompson
UNKNOWNAGENCY
List Price
$649,000
Sold Price
$630,000
Premium/Discount to List
-$19,000
-2.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.09%
Original Mortgage
$400,000
Interest Rate
2.71%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 12, 2017
Closed on
Jan 29, 2018
Sold by
F O B Enterprises Inc
Bought by
Stevenson Gina
Seller's Agent
Lynn Lucas
Marathon Key Real Estate, Inc.
Buyer's Agent
Amy Prumo
Exit Realty Florida Keys MTH
List Price
$550,000
Sold Price
$500,000
Premium/Discount to List
-$50,000
-9.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.18%
Original Mortgage
$400,000
Interest Rate
3.99%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1986
Bought by
F O B Enterprises Inc

Purchase Details

Closed on
May 1, 1984
Bought by
F O B Enterprises Inc
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
Terry C Pellegrini Revocable Trust -- None Listed On Document
Pellegrini Terry $630,000 Florida Title Professional
Stevenson Gina $5,000,000 Attorney
F O B Enterprises Inc $243,000 --
F O B Enterprises Inc $188,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pellegrini Terry $400,000
Previous Owner Stevenson Gina $394,500
Previous Owner Stevenson Gina $394,500
Previous Owner Stevenson Gina $400,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/07/2021 01/07/21 Sold $630,000 -2.9% $382 / Sq Ft
12/09/2020 12/09/20 Pending -- -- --
11/11/2020 11/11/20 For Sale $649,000 +29.8% $393 / Sq Ft
01/29/2018 01/29/18 Sold $500,000 -9.1% $303 / Sq Ft
12/18/2017 12/18/17 Pending -- -- --
07/12/2017 07/12/17 For Sale $550,000 -- $333 / 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 $7,052 $676,094 -- $676,094
2023 $7,052 $676,094 $0 $676,094
2022 $6,510 $588,438 $0 $588,438
2021 $5,504 $460,250 $0 $460,250
2020 $5,154 $432,109 $0 $432,109
2019 $5,134 $430,031 $0 $430,031
2018 $4,360 $430,031 $0 $0
2017 $4,024 $383,872 $0 $0
2016 $3,567 $271,621 $0 $0
2015 $3,573 $271,621 $0 $0
2014 $3,549 $271,621 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2021

    Amy Prumo

    Exit Realty Florida Keys MTH

  • T

    Seller Co-Listing Agent in 2021

    Thomas Carden

    Coldwell Banker Schmitt Real Estate Co.

    Section Image

  • L

    Buyer's Agent in 2021

    Lynn Thompson

    UNKNOWNAGENCY

  • L

    Seller's Agent in 2018

    Lynn Lucas

    Marathon Key Real Estate, Inc.

  • I

    Seller Co-Listing Agent in 2018

    Isabel Cristina Malafy

    Berkshire Hathaway HomeServices Keys Real Estate

  • Sam Williams

    Buyer Co-Listing Agent in 2018

    Sam Williams

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6532

    481 in this area

    599 Total Sales

    Sam Williams
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593315

Florida Keys Board of REALTORS®

APN: 00102891-001400

Florida Monroe County Marathon 33050

1998 Overseas Hwy Unit A42, Marathon, FL

This home is located at 1998 Overseas Hwy Unit A42, Marathon, FL 33050 since 11 November 2020 and is currently estimated at $795,564, approximately $482 per square foot. This property was built in 1983. 1998 Overseas Hwy Unit A42 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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