NOT LISTED FOR SALE

261 3rd St 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 04, 2020

Last sale price $540,000 $521 Per Sq Ft

Est. 52% increase in value since last sale

Current estimated payment $4,999/month

26 Days on Market

Highlights

  • Dock made with wood
  • Home fronts a canal
  • Furnished
  • Coral Shores High School Rated A
  • Deck
  • Granite Countertops

About This Home

As of September 2020

Shown by appointment only. All Buyers are to provide proof of funds or preapproval from their lender to the Listing Agent prior to scheduling the showing.Great location in the Gem of the Florida Keys, Key Colony Beach! This half duplex is above flood offers concrete construction, metal roof, and impact windows and doors. 30ft dockage can accommodate many boats. Enjoy the canal views from your porch and can even layout a canopy to give you a nice shade. Inside offers an open floor plan, with the kitchen offering stainless steel appliances and granite counter-tops. Travertine floors line the entire house. The bedrooms are nice and large. Each bathroom also is updated with granite counter tops. The master has an en-suite bath.

Last Agent to Sell the Property

Lela Ashkarian

Coldwell Banker Schmitt Real Estate Co. License #622790 Listed on: 07/03/2020

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Trish Hintze

Century 21 Schwartz Realty MTH

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,439

Year Built

  • Built in 1974

Lot Details

  • 2,797 Sq Ft Lot
  • Home fronts a canal

Parking

  • 3 Parking Spaces

Home Design

  • Half Duplex
  • Metal Roof

Interior Spaces

  • 1,037 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Seawall
  • Dock made with wood
  • Balcony
  • Deck
  • Patio

Location

  • Ground Level

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

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
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,439

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock: Wood
  • Dockage Dock Length: 30
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4438.60
  • Title: Title Ins - Buyer
  • Vehicle Storage Cars: 3
  • Year Built: 1974
  • Alternate Key Number: 1076805
  • Building Style: Ground Level
  • Building Style Stilt Column Height: Short - 4Ft & Under
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 2797.00
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1037.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Granite Counter Top, Smoke Alarms, Window Treatments
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

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
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 15, 2023
Sold by
Gutierrez Gilberto and Gutierrez Maryann
Bought by
Frances Hanly Irrevocable Trust and Hanly
Total Days on Market
26
Current Estimated Value
$822,756

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

Listed on
Jul 3, 2020
Closed on
Sep 4, 2020
Sold by
Ardis Melvin M and Ardis Jennifer S
Bought by
Gutierrez Gilberto and Palenzuela Maryann
Seller's Agent
Lela Ashkarian
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Trish Hintze
Century 21 Schwartz Realty MTH
List Price
$575,000
Sold Price
$540,000
Premium/Discount to List
-$35,000
-6.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.14%
Original Mortgage
$432,000
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 6, 2016
Closed on
Jun 24, 2016
Sold by
Cartter James W and Cartter Marilyn F
Bought by
Ardis Melvin and Ardis Jennifer
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Natalie Ardis
Coldwell Banker Schmitt Real Estate Co.
List Price
$499,000
Sold Price
$490,000
Premium/Discount to List
-$9,000
-1.8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.35%
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
09/04/2020 09/04/20 Sold $540,000 -4.3% $521 / Sq Ft
07/28/2020 07/28/20 Price Changed $564,500 -1.8% $544 / Sq Ft
07/03/2020 07/03/20 For Sale $575,000 +17.3% $554 / Sq Ft
06/27/2016 06/27/16 Sold $490,000 -1.8% $473 / Sq Ft
05/23/2016 05/23/16 Pending -- -- --
05/06/2016 05/06/16 For Sale $499,000 -- $481 / 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: 591542

Florida Keys Board of REALTORS®

APN: 00072750-000000