NOT LISTED FOR SALE

481 3rd St Key Largo, FL 33037

Estimated Value: $981,000 - $1,029,000

2 Beds
2 Baths
1,344 Sq Ft
$747/Sq Ft Est. Value

Last Sold November 13, 2020

Last sale price $640,000 $476 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $5,909/month

177 Days on Market

Highlights

  • Beach
  • Home fronts a canal
  • No HOA
  • Coral Shores High School Rated A
  • Furnished
  • Balcony

About This Home

As of November 2020

GREAT LOCATION VERY NEAR OPEN END OF CANAL AND HAS A FLOATING DOCK ON 30 FT OF CONCRETE SEAWALL. Vaulted ceilings add to the spacious, open feel of this wonderful unit. 2 bedrooms, 2 baths, upstairs laundry and lots of closet space make this home one to enjoy by residents or vacationers. This home has been a licensed vacation rental with a good past history. Ask agent for details. The other half of the duplex is also available for sale and ask Agent for details.

Last Agent to Sell the Property

Lynn Goodwin, P.a.

Key Colony Beach Realty Listed on: 05/05/2020

Co-Listed By

AIMEE KORNETTI

Coldwell Banker Schmitt Real Estate Co. License #3144819

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,764

Year Built

  • Built in 1988

Lot Details

  • 3,327 Sq Ft Lot
  • Home fronts a canal

Parking

  • Carport

Home Design

  • Half Duplex

Interior Spaces

  • 1,344 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Sliding Doors
  • Storage
  • Tile Flooring
  • Canal Views
  • Monitored

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Seawall
  • Balcony
  • Patio
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00072860-000100

Community Details

Overview

  • No Home Owners Association
  • Key Colony Beach Subdivision

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,764

Year Built

Built in 1988

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
  • Dockage Dock: Other
  • 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
  • Neighborhood Feature: Beach, Tennis Courts, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4763.67
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport, Covered Parking
  • Year Built: 1988
  • Alternate Key Number: 8745176
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Central Air
  • Lot Sq Ft: 3327.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info Number Of City License: YES
  • License Info Number Of County License: YES
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1344.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Walk-in Closet(s), Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Refrigerator, Oven, Microwave, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows, Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Waterview: Canal View, Open Water View

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00072860-000100
  • Lot Size: 30 x 110
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 5, 2020
Closed on
Nov 12, 2020
Sold by
Hines Peter F and Hines Blanche
Bought by
Rodriguez Doraida and Rodriguez Oscar
Seller's Agent
Lynn Goodwin, P.a.
Key Colony Beach Realty
Buyer's Agent
Creative Technology
List Price
$650,000
Sold Price
$640,000
Premium/Discount to List
-$10,000
-1.54%
Current Estimated Value
$1,004,268

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$364,268
Avg. Annual Appreciation
9.16%
Original Mortgage
$510,000
Outstanding Balance
$451,752
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$552,516

Purchase Details

Closed on
Oct 24, 2014
Sold by
Hines Peter F
Bought by
Hines Peter F and Hines Blanche

Purchase Details

Closed on
Dec 1, 1988
Bought by
Hines Peter F and Hines Blanche
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Rodriguez Doraida $640,000 Gst Title & Trust Inc
Hines Peter F -- None Available
Hines Peter F $187,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rodriguez Doraida $510,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2020 11/13/20 Sold $640,000 -1.5% $476 / Sq Ft
10/29/2020 10/29/20 Pending -- -- --
05/05/2020 05/05/20 For Sale $650,000 -- $484 / 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
2025 $7,897 $860,467 $538,974 $321,493
2024 $7,518 $889,056 $538,974 $350,082
2023 $7,518 $881,786 $500,680 $381,106
2022 $6,367 $642,945 $322,586 $320,359
2021 $5,933 $545,832 $228,498 $317,334
2020 $4,494 $416,980 $218,418 $198,562
2019 $4,764 $444,823 $220,580 $224,243
2018 $4,351 $419,265 $215,032 $204,233
2017 $4,225 $429,598 $0 $0
2016 $4,071 $401,362 $0 $0
2015 $3,662 $338,171 $0 $0
2014 $3,645 $327,372 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590789

Florida Keys Board of REALTORS®

APN: 00072860-000100