Seller's Agent in 2022
Brett Newman
Coldwell Banker Schmitt Islamorada
(305) 393-1770
82 in this area
112 Total Sales
218 Matecumbe Ave Islamorada, FL 33036
Estimated Value: $905,000 - $982,000
2
Beds
2
Baths
1,015
Sq Ft
$927/Sq Ft
Est. Value
Highlights
- No HOA
- Patio
- Tile Flooring
- Plantation Key School Rated A-
- Handicap Accessible
- 1-minute walk to Founders Park
About This Home
As of March 2022Location, location! Downtown Islamorada duplex within walking distance of gourmet restaurants, two breweries, boutiques, shopping, art galleries, monthly Islamorada Art Walk street festival, and of course great boating and fishing spots! Two separate 1 bed/1 bath apartments; one side has a unique indoor/outdoor kitchen concept with large windows that prop open over a tile bar. This duplex offers so many opportunities... live in one side and rent the other... or rent both sides annually or as monthly vacation rentals... or keep it as it is and just kick back and enjoy it... or add a large pool to the oversized yard... or you could expand both sides to create a larger duplex... or, you could renovate the interior to convert it into one single family home and then sell off the second building right! This property is also in X flood zone, which means you don't need flood insurance and you can build living space on the ground level. The oversized yard is also professionally landscaped and has a sprinkler system with a separate irrigation meter to keep it lush and green. Both sides also have their own private washer/dryer. Just imagine all the great possibilities in this great location! Call today.
Last Agent to Sell the Property
Coldwell Banker Schmitt Islamorada License #555709 Listed on: 10/01/2021
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $4,810
Year Built
- Built in 1953
Lot Details
- 7,793
Home Design
- Duplex
- Tar and Gravel Roof
Interior Spaces
- 1,015 Sq Ft Home
- Tile Flooring
Kitchen
- Oven
- Range
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Laundry
- Dryer
- Washer
Parking
- Guest Parking
- Open Parking
- Off-Street Parking
Utilities
- Ductless Heating Or Cooling System
- Cooling System Mounted To A Wall/Window
- Heat Pump System
- Separate Meters
- Public Hookup Available For Sewer
- Cable TV Available
Additional Features
- Handicap Accessible
- Patio
- 7,793 Sq Ft Lot
- Ground Level
Listing and Financial Details
- Minimum Rental Period: 29
- Assessor Parcel Number 00398140-000000
Community Details
Overview
- No Home Owners Association
- 2 Units
- Grove Park Subdivision
Pet Policy
- Pets Allowed
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Jun 9, 2022
Sold by
Vrnr Llc
Bought by
Hathorn Rocio Crespo and Hathorn Frederick C
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$546,000
Outstanding Balance
$515,076
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$425,591
Purchase Details
Listed on
Oct 1, 2021
Closed on
Mar 9, 2022
Sold by
Johnson Timothy B
Bought by
Vrnr Llc
Seller's Agent
Brett Newman
Coldwell Banker Schmitt Islamorada
Buyer's Agent
Rocio Hathorn
VRNR, LLC
List Price
$750,000
Sold Price
$700,000
Premium/Discount to List
-$50,000
-6.67%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%
Original Mortgage
$525,000
Interest Rate
3.89%
Mortgage Type
New Conventional
Purchase Details
Listed on
Aug 15, 2018
Closed on
Feb 5, 2019
Sold by
Dougherty Martha K
Bought by
Johnson Timothy B and Kolman Marta B
Seller's Agent
John Vlad
Ocean Sotheby's International Realty
Buyer's Agent
John Vlad
American Caribbean Real Estate, Christie's International Real Estate
List Price
$450,000
Sold Price
$410,000
Premium/Discount to List
-$40,000
-8.89%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.90%
Original Mortgage
$328,000
Interest Rate
4.5%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 5, 1997
Sold by
Dougherty Lawrence E and Dougherty Martha
Bought by
Dougherty Martha K
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Hathorn Rocio Crespo | $525,000 | New Title Company Name | |
| Vrnr Llc | $700,000 | Vilarello Gonzalez & Associate | |
| Johnson Timothy B | $410,000 | Coral Reef Title Co | |
| Dougherty Martha K | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Hathorn Rocio Crespo | $546,000 | |
| Previous Owner | Vrnr Llc | $525,000 | |
| Previous Owner | Vrnr Llc | $525,000 | |
| Previous Owner | Johnson Timothy B | $342,000 | |
| Previous Owner | Johnson Timothy B | $342,000 | |
| Previous Owner | Johnson Timothy B | $328,000 | |
| Previous Owner | Dougherty Martha K | $22,000 | |
| Previous Owner | Dougherty Martha K | $80,500 | |
| Previous Owner | Dougherty Martha K | $32,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/09/2022 03/09/22 | Sold | $700,000 | -6.0% | $690 / Sq Ft |
| 01/24/2022 01/24/22 | Pending | -- | -- | -- |
| 11/06/2021 11/06/21 | Price Changed | $745,000 | -0.7% | $734 / Sq Ft |
| 10/01/2021 10/01/21 | For Sale | $750,000 | +82.9% | $739 / Sq Ft |
| 02/05/2019 02/05/19 | Sold | $410,000 | -8.9% | $454 / Sq Ft |
| 01/25/2019 01/25/19 | Pending | -- | -- | -- |
| 08/15/2018 08/15/18 | For Sale | $450,000 | -- | $498 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
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 | $7,577 | $731,652 | -- | -- |
| 2023 | $7,577 | $710,342 | $0 | $0 |
| 2022 | $5,356 | $499,389 | $365,278 | $134,111 |
| 2021 | $4,776 | $346,635 | $233,496 | $113,139 |
| 2020 | $4,810 | $348,569 | $233,496 | $115,073 |
| 2019 | $1,756 | $70,491 | $0 | $0 |
| 2018 | $1,280 | $69,177 | $0 | $0 |
| 2017 | $1,253 | $67,755 | $0 | $0 |
| 2016 | $1,265 | $66,362 | $0 | $0 |
| 2015 | $1,256 | $65,901 | $0 | $0 |
| 2014 | $1,231 | $65,378 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Brett Newman
-
Margo Newman
M
Seller Co-Listing Agent in 2022
Margo Newman
Coldwell Banker Schmitt Islamorada
(305) 393-3980
58 in this area
74 Total Sales
-
Rocio Hathorn
R
Buyer's Agent in 2022
Rocio Hathorn
VRNR, LLC
(305) 794-1622
2 in this area
6 Total Sales
-
J
Seller's Agent in 2019
John Vlad
Ocean Sotheby's International Realty
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 597963
APN: 00398140-000000
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