NOT LISTED FOR SALE

5 Ocean E Marathon, FL 33050

Estimated Value: $5,215,000 - $5,528,000

0.34 Acre
$15,883,470 Price per Acre
2,750 Sq Ft Lot

Last Sold March 29, 2021

Last sale price $77,000

Est. 6,872% increase in value since last sale

Current estimated payment $29,758/month

98 Days on Market

About This Lot

As of March 2021

Cleared and Vacant Lot located in the desirable neighborhood of Little Venice. Come build your dream home in paradise with possible Ocean views with a stilted home. No need to worry about biological surveys or clearing permits, and the yard is already graveled. Sewer Hook Up ready on street. Adjacent home is also available for sale for $329K, so buy both and have a lot of extra room for privacy or accessory structures.

Last Agent to Sell the Property

Chase Foster

Coldwell Banker Schmitt Real Estate Co. License #3305166 Listed on: 11/06/2020

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Howard Leitner

Florida Keys International Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $330

Lot Details

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

Community Details

  • Little Venice Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00344820-000000

Property Details

Property Type

Land

Est. Annual Taxes

$330

Lot Details

0

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
  • Marathon Neighborhood: Marathon East - Ocean (Airport to Vaca)
  • Mile Marker: 53.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 330.05
  • Title: Negotiable
  • Alternate Key Number: 1422738
  • Lot Sq Ft: 2750.00
  • Species List: No
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Location Site: Paved Street, Cleared Site, Corner Lot
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Rogo W Letter: No
  • R O G O Exempt: No
  • Survey Available: No
  • Tax Exemptions: None
  • Vegetation Survey: No
  • Water Main Inquiry File: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

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

Utilities

  • Security: No Security

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00344820-000000
  • Land Size: Less Than 1/4 Acre
  • Building Permit: No Permit

Tax Info

  • Tax Year: 2019

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
$5,368,613

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
$4,139,221

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
03/29/2021 03/29/21 Sold $77,000 -2.5% --
01/06/2021 01/06/21 Price Changed $79,000 -7.1% --
11/06/2020 11/06/20 For Sale $85,000 -- --
Source: Marathon and Lower Keys Association 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 $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

  • Chase Foster

    Seller's Agent in 2021

    Chase Foster

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6526

    61 in this area

    90 Total Sales

    Chase Foster
    Section Image

  • H

    Buyer's Agent in 2021

    Howard Leitner

    Florida Keys International Realty

  • Howard & Lily Leitner

    Buyer's Agent in 2021

    Howard & Lily Leitner

    Jason Mitchell Real Estate

    (305) 890-3235

    21 in this area

    68 Total Sales

    Howard & Lily Leitner
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 593290

APN: 00104670-000500

Florida Monroe County Marathon 33050

5 Ocean E, Marathon, FL

Not Listed for Sale

Lots

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