NOT LISTED FOR SALE

261 3rd St Unit 1 Key Colony, FL 33040

Estimated Value: $691,000 - $912,000

2 Beds
2 Baths
1,037 Sq Ft
$793/Sq Ft Est. Value

Last Sold September 15, 2023

Last sale price $870,000 $839 Per Sq Ft

Est. 5% decrease in value since last sale

Current estimated payment $4,999/month

270 Days on Market

Highlights

  • Home fronts a canal
  • No HOA
  • Impact Glass
  • Coral Shores High School Rated A
  • Stainless Steel Appliances
  • Outdoor Shower

About This Home

As of September 2023

Fabulous 2/2 duplex in Marathon, FL. Home has had over $50K in recent upgrades. ABOVE FLOOD AND NEVER FLOODED! Brand new composite cool deck on landing, dock, and back deck. Recently installed PVC fence and brand new sealed brick pavers with artificial turf. Impact windows and doors. You'll also find new furniture inside and out. Home comes fully furnished with a great rental history and rental license. 7 day rentals allowed from the city. Also included in the sale of the home are 3 kayaks and 4 bicycles. Membership to Cabana Club also available. Your perfect investment or vacation home!

Last Agent to Sell the Property

Gilberto Gutierrez

Vylla Home License #3493637 Listed on: 10/03/2022

Vylla Home

Last Buyer's Agent

Stephany Duvall

Engel & Volkers Marathon License #3608780

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,498

Year Built

  • Built in 1974

Lot Details

  • 2,797 Sq Ft Lot
  • Home fronts a canal
  • Privacy Fence
  • Fenced

Home Design

  • Half Duplex
  • Metal Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,037 Sq Ft Home
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Dock made with Composite Material

Additional Features

  • ENERGY STAR/CFL/LED Lights
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00072750-000000

Community Details

Overview

  • No Home Owners Association
  • Key Colony Beach Subdivision

Pet Policy

  • Pets Allowed

Security

  • Impact Glass

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,498

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Voluntary HOA: No
  • Control Depth: 4
  • Dockage Dock: Composite
  • Dockage Dock Length: 30
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: Yes
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4497.98
  • Year Built: 1974
  • Alternate Key Number: 1076805
  • Building Style: Other Bldg Style
  • Lot Sq Ft: 2797.00
  • Association Info Condo Docs: No
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1037.00
  • G F Interior Features: LED Lighting
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS, Stucco, Concrete
  • Exterior Features: Fencing, Privacy Wall/Fence, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00072750-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 3, 2022
Closed on
Sep 15, 2023
Sold by
Gutierrez Gilberto and Gutierrez Maryann
Bought by
Frances Hanly Irrevocable Trust and Hanly
Seller's Agent
Gilberto Gutierrez
Vylla Home
Buyer's Agent
Stephany Duvall
Engel & Volkers Marathon
List Price
$915,000
Sold Price
$870,000
Premium/Discount to List
-$45,000
-4.92%
Views
102
Current Estimated Value
$822,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$47,244
Avg. Annual Appreciation
-3.04%

Purchase Details

Closed on
Apr 26, 2021
Sold by
Underwood Paul A and Underwood Marie C
Bought by
Garrity Jennifer Sue and Garrity Joseph Scott

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
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 4, 2020
Sold by
Ardis Melvin M and Ardis Jennifer S
Bought by
Gutierrez Gilberto and Palenzuela Maryann

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$432,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 24, 2016
Sold by
Cartter James W and Cartter Marilyn F
Bought by
Ardis Melvin and Ardis Jennifer

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
3.57%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2016
Sold by
William Ellis P Cock Real State Ira Llc
Bought by
Peacock William Ellis and Peacock Penny

Purchase Details

Closed on
Jan 2, 2006
Sold by
Gardner Elaina
Bought by
Carter James W and Carter Marilyn F

Purchase Details

Closed on
Feb 11, 2005
Sold by
Key Colony Partnership
Bought by
Gardner Elaina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$930,000
Interest Rate
7%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 3, 2004
Sold by
Wilson Charles B and Wilson Marilyn L
Bought by
Key Colony Partnership

Purchase Details

Closed on
Oct 1, 1978
Bought by
Ardis Melvin and Ardis Jennifer
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 Buyer Sale Price Title Company
Frances Hanly Irrevocable Trust $870,000 None Listed On Document
Garrity Jennifer Sue $650,000 Butler Title Llc
Gutierrez Gilberto $552,000 Law Offices Of Thomas D Wright
Ardis Melvin $490,000 None Available
Peacock William Ellis -- Attorney
Carter James W $675,000 None Available
Gardner Elaina $988,000 --
Key Colony Partnership $670,000 --
Ardis Melvin $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garrity Jennifer Sue $350,000
Previous Owner Gutierrez Gilberto $432,000
Previous Owner Ardis Melvin $367,500
Previous Owner Key Colony Partnership $930,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/15/2023 09/15/23 Sold $870,000 -4.9% $839 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
05/02/2023 05/02/23 For Sale $915,000 +5.2% $882 / Sq Ft
04/18/2023 04/18/23 Off Market $870,000 -- --
04/17/2023 04/17/23 For Sale $915,000 +5.2% $882 / Sq Ft
03/15/2023 03/15/23 Off Market $870,000 -- --
10/25/2022 10/25/22 Price Changed $915,000 -1.1% $882 / Sq Ft
10/03/2022 10/03/22 For Sale $925,000 -- $892 / 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 $5,723 $734,315 $484,832 $249,483
2023 $5,723 $665,378 $437,591 $227,787
2022 $4,949 $515,052 $281,938 $233,114
2021 $4,498 $402,258 $199,706 $202,552
2020 $4,272 $393,937 $190,895 $203,042
2019 $4,439 $411,169 $190,895 $220,274
2018 $4,250 $408,466 $187,798 $220,668
2017 $4,231 $417,426 $0 $0
2016 $3,771 $374,328 $0 $0
2015 $3,359 $306,730 $0 $0
2014 $3,279 $290,381 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602652

Florida Keys Board of REALTORS®

APN: 00072750-000000