NOT LISTED FOR SALE

241 - 251 5th St Key Colony, FL 33051

Estimated Value: $2,248,000 - $2,353,000

5 Beds
4 Baths
3,138 Sq Ft
$733/Sq Ft Est. Value

About This Home

This home is located at 241 - 251 5th St, Key Colony, FL 33051 and is currently estimated at $2,300,500, approximately $733 per square foot. 241 - 251 5th St is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 5, 2014
Sold by
Smith Jefferey Ray
Bought by
Morelli Joseph T
Current Estimated Value
$2,300,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$315,000
Outstanding Balance
$247,504
Interest Rate
4.4%
Mortgage Type
Commercial
Estimated Equity
$1,713,496

Purchase Details

Closed on
Jun 18, 2007
Sold by
Smith Jeffrey Ray
Bought by
Smith Jeffrey Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$371,200
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
May 12, 2004
Sold by
Smith Jeffrey Ray and Smith Carol Ann
Bought by
Smith Jeffrey Ray

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 1, 1986
Bought by
Morelli Joseph T

Purchase Details

Closed on
Sep 1, 1983
Bought by
Morelli Joseph T
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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Average Value
Not Available
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
Morelli Joseph T $420,000 Attorney
Smith Jeffrey Ray -- First American Title Ins Co
Smith Jeffrey Ray -- Old Republic Title
Morelli Joseph T $169,000 --
Morelli Joseph T $113,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Morelli Joseph T $315,000
Previous Owner Smith Jeffrey Ray $371,200
Previous Owner Smith Jeffrey Ray $350,000
Previous Owner Mckee Gary B $216,000
Source: Public Records

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 $12,235 $1,452,643 $812,592 $640,051
2023 $12,235 $1,470,095 $845,724 $624,371
2022 $10,696 $1,183,900 $544,896 $639,004
2021 $9,470 $851,922 $318,648 $533,274
2020 $8,950 $862,892 $304,590 $558,302
2019 $8,696 $935,276 $308,880 $626,396
2018 $7,862 $880,774 $310,613 $570,161
2017 $7,406 $898,971 $0 $0
2016 $7,118 $830,768 $0 $0
2015 $5,640 $501,589 $0 $0
2014 $4,240 $387,439 $0 $0
Source: Public Records

Map

Florida Monroe County Key Colony Beach 33051

241 - 251 5th St, Key Colony Beach, FL

This home is located at 241 - 251 5th St, Key Colony, FL 33051 and is currently estimated at $2,300,500, approximately $733 per square foot. 241 - 251 5th St 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.

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