NOT LISTED FOR SALE

250 Gulf Terrace Unit 5 Marathon, FL 33050

Estimated Value: $1,417,000

5 Beds
5 Baths
1,890 Sq Ft
$750/Sq Ft Est. Value

Last Sold August 25, 2015

Last sale price $435,000 $230 Per Sq Ft

Est. 226% increase in value since last sale

Current estimated payment $8,226/month

30 Days on Market

Highlights

  • Waterfront
  • Canal View
  • No HOA
  • Coral Shores High School Rated A

About This Home

As of August 2015

Value in the land. 41,000 sq ft lot with water on 2 sides. Buyer to verify the building rights, zoning etc. four (4) transient rights, and one (1) market rate right. Buyer to assume open Code violations. Bank of America, N.A. associates, household members and business partners are prohibited from purchasing REO properties, either owned or serviced by the Bank, whether directly or indirectly

Last Agent to Sell the Property

Kelly Willey

Coco Plum Real Estate Brokerage Email: kellywilleyteam@gmail.com License #3084960 Listed on: 05/27/2015

Last Buyer's Agent

Ben Daniels

Exit Realty Florida Keys MTH

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,700

Year Built

  • Built in 1958

Lot Details

  • 1 Acre Lot
  • Waterfront

Interior Spaces

  • 1,890 Sq Ft Home
  • Canal Views

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 5 Full Bathrooms

Location

  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00101340-000000

Community Details

Overview

  • No Home Owners Association
  • Schmitt Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,700

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • Mandatory HOA: No
  • Control Depth: 3
  • Document Count: 4
  • Fee Includes: Other
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Mile Marker: 51.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 6699.95
  • Year Built: 1958
  • Alternate Key Number: 1118532
  • Building Style: Ground Level
  • Lot Sq Ft: 38977.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1890.00
  • Sewer Hook Up: No
  • Attribution Contact: kellywilleyteam@gmail.com
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: No Appliances
  • Total Bedrooms: 5

Exterior Features

  • Dockage: Other Dockage
  • Waterfront: None
  • Waterfront: Yes
  • Construction: CBS
  • Waterview: Canal View

Utilities

  • Utilities: Other - See Remarks

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00101340-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 1.00

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 30, 2016
Sold by
Theodore Dominic
Bought by
Gem Homes Llc
Current Estimated Value
$1,417,000

Purchase Details

Closed on
Mar 29, 2016
Sold by
International House Investment Group Lan
Bought by
Marathon Rt Llc

Purchase Details

Listed on
May 27, 2015
Closed on
Jul 22, 2015
Sold by
Bank Of America Na
Bought by
Dominick Theodore and The International House Investment Group
Seller's Agent
Kelly Willey
Coco Plum Real Estate
Buyer's Agent
Ben Daniels
Exit Realty Florida Keys MTH
List Price
$429,900
Sold Price
$435,000
Premium/Discount to List
$5,100
1.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.46%

Purchase Details

Closed on
Feb 19, 2015
Bought by
Gem Homes Llc

Purchase Details

Closed on
Apr 20, 2005
Sold by
Marty Gerald E
Bought by
Pacitti Joseph and Gray Max E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
5.98%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 1982
Bought by
Gem Homes Llc
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
Gem Homes Llc $665,000 Attorney
Marathon Rt Llc $30,000 Attorney
Marathon Rt Llc $200,000 Attorney
Dominick Theodore $435,000 Servicelink Llc
Gem Homes Llc $106,000 --
Pacitti Joseph $1,500,000 Crest Title Company
Gem Homes Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gem Homes Llc $3,180,000
Previous Owner Pacitti Joseph $1,300,000
Previous Owner Marty Gerald E $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/25/2015 08/25/15 Sold $435,000 +1.2% $230 / Sq Ft
06/26/2015 06/26/15 Pending -- -- --
05/27/2015 05/27/15 For Sale $429,900 -- $227 / 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 $8,116 $1,701,057 $1,701,057 --
2023 $8,116 $968,153 $968,153 $0
2022 $3,206 $274,556 $266,177 $8,379
2021 $3,448 $285,063 $276,684 $8,379
2020 $3,404 $285,063 $276,684 $8,379
2019 $3,374 $281,561 $273,182 $8,379
2018 $3,258 $279,977 $273,182 $6,795
2017 $3,264 $279,977 $0 $0
2016 $8,011 $371,384 $0 $0
2015 $6,524 $210,272 $0 $0
2014 $6,700 $222,310 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 567602

Florida Keys Board of REALTORS®

APN: 00101340-000000