NOT LISTED FOR SALE

5 Ocean E Marathon, FL 33050

Estimated Value: $4,399,000 - $5,430,000

0.34 Acre
$15,013,997 Price per Acre
2,750 Sq Ft Lot

Last Sold November 10, 2016

Last sale price $78,000

Est. 6,406% increase in value since last sale

Current estimated payment $28,117/month

212 Days on Market

Highlights

  • Airstrip
  • Beach
  • Corner Lot
  • Coral Shores High School Rated A

About This Lot

As of November 2016

Cleared Buildable lot! Corner lot with lush green grass and was filled a few years back so is just slightly raised. Possible ocean views depending on how you position the structure so please call me to discuss as i'm happy to meet you there. 37 feet is max height requirement. . This is the lowest priced cleared lot in the entire city

Last Agent to Sell the Property

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 02/10/2016

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Steve Smith, P.a.

Key Colony Beach Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $247

Lot Details

  • 2,750 Sq Ft Lot
  • Corner Lot
  • Cleared Lot
  • Property is zoned RM - Residential Medium

Listing and Financial Details

  • Assessor Parcel Number 00345570-000000

Community Details

Overview

  • Little Venice Subdivision

Recreation

  • Beach
  • Airstrip

Property Details

Property Type

Land

Est. Annual Taxes

$247

Lot Details

2,750 Sq Ft Lot

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Mile Marker: 53.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Airstrip, Beach
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 247.35
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1423441
  • Lot Sq Ft: 2750.00
  • Species List: No
  • Mandatory HOA: No
  • Location Site: Corner Lot, Cleared Site
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Recorded Plat: Yes
  • Survey Available: Yes
  • Tax Exemptions: None
  • Vegetation Survey: No
  • Water Main Inquiry File: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Waterview: No Waterview

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE 9
  • Parcel Number: 00345570-000000
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 21, 2024
Sold by
Simmons Susan M
Bought by
Thompson-Shelley Family Revocable Living Trus and Thompson
Current Estimated Value
$5,074,731

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Outstanding Balance
$1,229,392
Interest Rate
5%
Mortgage Type
Seller Take Back
Estimated Equity
$3,845,339

Purchase Details

Closed on
Jan 30, 2006
Sold by
Adelman Lynn
Bought by
Simmons Allen L and Simmons Susan M

Purchase Details

Closed on
Jul 31, 1998
Sold by
Richard and Adelman Lynn Adelman
Bought by
Adelman Lynn

Purchase Details

Closed on
Dec 2, 1997
Sold by
Ben S Elliott Co & Tr and Helen M Elliott Co & Tr
Bought by
Adelman Richard and Adelman Lynn

Purchase Details

Closed on
Sep 1, 1993
Bought by
Simmons Allen L and Simmons Susan

Purchase Details

Closed on
Apr 1, 1992
Bought by
Simmons Allen L and Simmons Susan

Purchase Details

Closed on
Feb 1, 1976
Bought by
Simmons Allen L and Simmons Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Thompson-Shelley Family Revocable Living Trus $3,250,000 None Listed On Document
Simmons Allen L $3,250,000 None Available
Adelman Lynn $100 --
Adelman Richard $335,000 --
Simmons Allen L $300,000 --
Simmons Allen L $260,000 --
Simmons Allen L $14,600 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Thompson-Shelley Family Revocable Living Trus $2,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/10/2016 11/10/16 Sold $78,000 -1.3% --
09/09/2016 09/09/16 Pending -- -- --
02/10/2016 02/10/16 For Sale $79,000 -- --
Source: Florida Keys Board of REALTORS®

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 $20,561 $3,263,520 $2,010,240 $1,253,280
2024 $20,486 $2,270,921 -- --
2023 $20,486 $2,204,778 $0 $0
2022 $20,271 $2,140,562 $0 $0
2021 $20,676 $2,078,216 $0 $0
2020 $20,083 $2,049,523 $0 $0
2019 $19,654 $2,003,444 $0 $0
2018 $18,595 $1,966,089 $0 $0
2017 $18,252 $1,925,651 $0 $0
2016 $18,453 $1,886,045 $0 $0
2015 $18,263 $1,872,934 $0 $0
2014 $18,605 $1,858,069 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 569939

Florida Keys Board of REALTORS®

APN: 00104670-000500

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