NOT LISTED FOR SALE

487 116th Street Ocean Marathon, FL 33050

Estimated Value: $485,090 - $604,000

2 Beds
2 Baths
927 Sq Ft
$610/Sq Ft Est. Value

Last Sold April 15, 2013

Last sale price $179,000 $193 Per Sq Ft

Est. 216% increase in value since last sale

Current estimated payment $3,394/month

80 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • Patio
  • Coral Shores High School Rated A
  • Shutters
  • Tile Flooring

About This Home

As of April 2013

Excellant investment duplex that is beautifully remodeled. This propety needs nothing but to collect the rents of $1,950/month. Plenty of room for off street parking. Efficiency has French doors that open to the nicely landscaped backyard with large storage building that includes the washer and dryer. New a/c units in this centrally located duplex. Sewer in and paid for.

Last Agent to Sell the Property

Wanda Brock

Coldwell Banker Schmitt Real Estate Co. License #3085878 Listed on: 12/29/2012

Coldwell Banker Schmitt Real Estate Co.

Co-Listed By

Bob Brock

Coldwell Banker Schmitt Real Estate Co. License #3188476

Last Buyer's Agent

Ben Martin

Another Real Estate Company

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $901

Year Built

  • Built in 1953

Lot Details

  • 2,750

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Key West Architecture

Interior Spaces

  • 927 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Casement Windows
  • Tile Flooring
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Additional Features

  • Patio
  • 2,750 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00345800-000000

Community Details

Overview

  • No Home Owners Association
  • Little Venice Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$901

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • 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: 900.69
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking
  • Year Built: 1953
  • Alternate Key Number: 1423670
  • Building Style: Conch, Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 2750.00
  • Porch Balcony: Patio
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 927.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Refrigerator, Range
  • Floor: Tile
  • Windows/Doors: Casement
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Roof: Other Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00345800-000000
  • Lot Size: 50 X 55
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 11, 2025
Sold by
Fernandez Marcos
Bought by
Fernandez Magdeline
Current Estimated Value
$565,523

Purchase Details

Closed on
Jan 29, 2016
Sold by
Bourassa Joseph and Bourassa Eric
Bought by
Fernandez Magdeline

Purchase Details

Listed on
Dec 29, 2012
Closed on
Apr 12, 2013
Sold by
Perrine Barbara J
Bought by
Bourassa Eric and Bourassa Joseph
Seller's Agent
Wanda Brock
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Ben Martin
Another Real Estate Company
List Price
$189,000
Sold Price
$179,000
Premium/Discount to List
-$10,000
-5.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.75%
Original Mortgage
$134,250
Interest Rate
2.81%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 25, 2010
Sold by
Long Jason N
Bought by
Perrine Barbara J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,000
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 15, 2004
Sold by
Toothman Frase Christine and Long Jason N
Bought by
Long Jason N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$266,800
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 2002
Sold by
Ingrid Kutil
Bought by
Toothman-Frase Christine and Long Jason

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$121,250
Interest Rate
6.86%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1986
Bought by
Fernandez Magdeline

Purchase Details

Closed on
Apr 1, 1980
Bought by
Fernandez Magdeline

Purchase Details

Closed on
Jun 1, 1979
Bought by
Fernandez Magdeline
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Fernandez Magdeline -- None Listed On Document
Fernandez Magdeline -- None Listed On Document
Fernandez Magdeline $275,000 Attorney
Bourassa Eric $179,000 Attorney
Perrine Barbara J $170,000 Attorney
Long Jason N $133,400 --
Toothman-Frase Christine $125,000 --
Fernandez Magdeline $62,500 --
Fernandez Magdeline $53,000 --
Fernandez Magdeline $40,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bourassa Eric $134,250
Previous Owner Perrine Barbara J $170,000
Previous Owner Long Jason N $25,500
Previous Owner Long Jason N $340,000
Previous Owner Long Jason N $317,000
Previous Owner Long Jason N $28,000
Previous Owner Long Jason N $266,800
Previous Owner Kutil Ingrid $134,000
Previous Owner Kutil Ingrid $8,500
Previous Owner Kutil Ingrid $121,250
Previous Owner Kutil Ingrid $36,399
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/15/2013 04/15/13 Sold $179,000 -5.3% $193 / Sq Ft
03/19/2013 03/19/13 Pending -- -- --
12/29/2012 12/29/12 For Sale $189,000 -- $204 / 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 $4,035 $417,104 $260,563 $156,541
2023 $4,035 $390,279 $242,688 $147,591
2022 $3,740 $338,000 $188,375 $149,625
2021 $3,361 $244,146 $127,875 $116,271
2020 $3,132 $225,680 $91,438 $134,242
2019 $3,312 $244,857 $107,250 $137,607
2018 $3,094 $238,358 $99,000 $139,358
2017 $2,857 $208,723 $0 $0
2016 $2,743 $229,730 $0 $0
2015 $2,410 $153,033 $0 $0
2014 $2,428 $150,762 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 559895

Florida Keys Board of REALTORS®

APN: 00345800-000000