NOT LISTED FOR SALE

265 116th Street Ocean Marathon, FL 33050

Estimated Value: $772,000 - $1,068,574

2 Beds
2 Baths
1,330 Sq Ft
$694/Sq Ft Est. Value

Last Sold May 24, 2019

Last sale price $475,000 $357 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $5,510/month

66 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • No HOA
  • Coral Shores High School Rated A
  • Granite Countertops
  • Impact Glass

About This Home

As of May 2019

Waterfront, full DUPLEX in Marathon. 1 bedroom/1 bath on each side. Located on a corner lot in Little Venice. All high impact doors and windows throughout. Newly remodeled kitchens and bathrooms. All new stainless steel appliances, white cabinets with granite counter tops. Separate laundry room with new washer/dryer and plenty of storage. Great screened, waterside patios on each side with water views. 55' of concrete dock on a free flowing canal with quick access to the Ocean and Gulf via Vaca Cut. Own a piece of PARADISE! Live on one side and rent the other side long term or do a weekly vacation rental. Seller is a FL Lic RE Agent

Last Agent to Sell the Property

Paulette Thompson PA

Century 21 Schwartz Realty MTH Listed on: 02/23/2019

Last Buyer's Agent

Nira Tocco

Prestige Realty BPK

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,851

Year Built

  • Built in 1956 | Remodeled

Lot Details

  • 2,750 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,330 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Tile Flooring
  • Canal Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Impact Glass

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Seawall
  • Dock made with concrete
  • Screened Patio

Location

  • Ground Level

Utilities

  • Ductless Heating Or Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00345680-000000

Community Details

Overview

  • No Home Owners Association
  • Little Venice Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,851

Year Built

Built in 1956 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 5
  • Dockage Dock: Concrete
  • Dockage Dock Length: 55
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
  • Mile Marker: 53.00
  • 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: 2851.18
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1956
  • Alternate Key Number: 1423556
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 2750.00
  • Porch Balcony: Patio, Screened Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1330.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Window Treatments, Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer, Disposal
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 2
  • Accessibility Features: None

Exterior Features

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

Utilities

  • Security: Patrolled Area
  • Utilities: Cable Available, Municipal Sewer, Elect Separate Meter, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00345680-000000
  • Lot Size: 50 x 55
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 2, 2020
Sold by
Sanchez Angelberto and Sanchez Barbara
Bought by
Alvear Emilio Alberto and Alvear Angelberto
Current Estimated Value
$923,644

Purchase Details

Listed on
Feb 23, 2019
Closed on
Jun 6, 2019
Sold by
Paulette Thompson
Bought by
Torrens Elieser and Ojito-Torrens Rebeca
Seller's Agent
Paulette Thompson PA
Century 21 Schwartz Realty MTH
Buyer's Agent
Nira Tocco
Prestige Realty BPK
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.13%
Original Mortgage
$356,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 23, 2019
Closed on
May 24, 2019
Sold by
Paulette Thompson
Bought by
Torrens Elieser and Ojito-Torrens Rebeca
Seller's Agent
Paulette Thompson PA
Century 21 Schwartz Realty MTH
Buyer's Agent
Nira Tocco
Prestige Realty BPK
List Price
$499,000
Sold Price
$475,000
Premium/Discount to List
-$24,000
-4.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$356,250
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 2009
Sold by
Watkins Family Childrens Trust
Bought by
Thompson Paulette

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$306,000
Interest Rate
6%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 17, 2008
Sold by
Pare James J and Pare Joseph A
Bought by
Watkins J Ben and Watkins Family Childres Trust

Purchase Details

Closed on
May 31, 2006
Sold by
Doman Capital Partners Inc and Doman Jeffrey M
Bought by
Pare Joseph A and Pare James J

Purchase Details

Closed on
Jul 16, 2004
Sold by
Defield Robert and Defield Lynda
Bought by
Pare James J and Pare Joseph A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,500
Interest Rate
1.62%
Mortgage Type
Commercial

Purchase Details

Closed on
May 11, 1999
Sold by
Derickson William L and Derickson Elaine
Bought by
Defield Robert and Defield Lynda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1989
Bought by
Thompson Paulette
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
Alvear Emilio Alberto -- Attorney
Torrens Elieser $475,000 None Listed On Document
Torrens Elieser $475,000 None Listed On Document
Thompson Paulette $350,000 Attorney
Watkins J Ben $350,000 Attorney
Pare Joseph A -- Attorney
Pare James J $450,000 Crest Title Company
Defield Robert $150,000 --
Thompson Paulette $245,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Torrens Elieser $366,800
Previous Owner Torrens Elieser $356,250
Previous Owner Torrens Elieser $356,250
Previous Owner Thompson Paulette $306,000
Previous Owner Pare James J $292,500
Previous Owner Defield Robert $37,000
Previous Owner Defield Robert $37,000
Previous Owner Defield Robert $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2019 05/24/19 Sold $475,000 -4.8% $357 / Sq Ft
04/30/2019 04/30/19 Pending -- -- --
02/23/2019 02/23/19 For Sale $499,000 -- $375 / 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 $6,208 $680,998 $420,750 $260,248
2023 $6,208 $671,435 $391,875 $279,560
2022 $5,755 $632,589 $349,250 $283,339
2021 $4,960 $405,805 $189,750 $216,055
2020 $4,994 $416,923 $176,000 $240,923
2019 $3,454 $320,618 $75,797 $244,821
2018 $2,851 $206,880 $75,797 $131,083
2017 $3,212 $251,833 $0 $0
2016 $3,054 $224,039 $0 $0
2015 $2,893 $206,115 $0 $0
2014 $2,748 $182,889 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 584419

Florida Keys Board of REALTORS®

APN: 00345680-000000