NOT LISTED FOR SALE

5301 Ocean Terrace Unit 2 Marathon, FL 33050

Estimated Value: $389,000 - $395,000

1 Bed
1 Bath
656 Sq Ft
$600/mo HOA Fee

Last Sold February 07, 2023

Last sale price $375,000 $572 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $2,925/month

53 Days on Market

Highlights

  • Beach
  • Heated In Ground Pool
  • Quartz Countertops
  • Coral Shores High School Rated A
  • Home fronts a canal
  • Complete Accordion Shutters

About This Home

As of February 2023

Spacious and beautifully appointed updated one bedroom, one bath 2nd floor condo. Upon entrance, you are greeted by tile flooring and a bright and open dining/living space. The kitchen has quartz countertops as well as a gorgeous back splash. The dining & living room are just off the kitchen and feature harbor views. The screened in porch offers a private and comfortable space to relax and enjoy the scenery. This condo is an end unit and uniquely has its personal storage unit right next door. Tradewinds condo complex features First Come, first serve deep water dockage for a vessel up to 38ft. Annual fee is only $200! There is a heated in ground pool, outdoor seating/BBQ area and an on-site laundry facility.You are centrally located in the Heart of the Florida Keys and within walking distance to shops, grocery stores, the theater, restaurants and so much more.Don't miss out your chance to own in paradise!

Last Agent to Sell the Property

Katie Carrillo

LPT Realty, LLC License #SL3429647 Listed on: 10/18/2022

LPT Realty, LLC

Last Buyer's Agent

Deni Heintzelman

KeyIsle Realty License #3388188

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,545

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • Home fronts a canal

HOA Fees

  • $600 Monthly HOA Fees

Interior Spaces

  • 656 Sq Ft Home
  • Blinds
  • Storage
  • Laundry Room
  • Tile Flooring
  • Canal Views
  • Monitored

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Parking

  • Open Parking
  • Assigned Parking

Outdoor Features

  • Heated In Ground Pool
  • First Come-First Served Dock
  • Seawall
  • Screened Patio

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00325131-000200

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Tradewinds West Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Bike Trail

Pet Policy

  • Pets Allowed with Restrictions

Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,545

Year Built

Built in 1971 | Remodeled

Lot Details

0

HOA Fees

$600 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 600.00
  • Mandatory HOA: Yes
  • Dockage Seawall: Concrete
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 50.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Bike Paths
  • Off Shore Island: No
  • Pets W Restrictions: 1 under 40lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2544.67
  • Title: Title Ins - Buyer
  • Vehicle Storage: Assigned Parking, Open Parking
  • Year Built: 1971
  • Alternate Key Number: 1399116
  • Cooling Heating: Wall/Window Unit(s)
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Screened Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 656.00
  • Financial Status Auction: No
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Quartz Countertops, Storage, Smoke Alarms
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Microwave, Oven, Refrigerator
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Doors
  • Total Bedrooms: 1

Exterior Features

  • Dockage: First Come Dock
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Other Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00325131-000200
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 18, 2022
Closed on
Feb 6, 2023
Sold by
Card Dennis M
Bought by
Mcgrade John
Seller's Agent
Katie Carrillo
LPT Realty, LLC
Buyer's Agent
Deni Heintzelman
KeyIsle Realty
List Price
$395,000
Sold Price
$375,000
Premium/Discount to List
-$20,000
-5.06%
Views
22
Current Estimated Value
$390,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,532
Avg. Annual Appreciation
1.40%
Original Mortgage
$202,500
Outstanding Balance
$195,167
Interest Rate
6.09%
Mortgage Type
New Conventional
Estimated Equity
$195,365

Purchase Details

Listed on
May 29, 2020
Closed on
Aug 10, 2020
Sold by
Hooks Roy V and Hooks Veronica C
Bought by
Card Dennis M
Seller's Agent
Ben Daniels
Lokation Real Estate
Buyer's Agent
Katie Carrillo
LPT Realty, LLC
List Price
$249,000
Sold Price
$240,000
Premium/Discount to List
-$9,000
-3.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
19.54%
Original Mortgage
$240,000
Interest Rate
3.75%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 14, 2017
Closed on
Mar 20, 2017
Sold by
Spaak Thomas L and Spaak Nancy K
Bought by
Hooks Roy Vincent and Hooks Veronica C
Seller's Agent
Charly Farritor
Lokation Real Estate
Buyer's Agent
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
List Price
$220,000
Sold Price
$190,000
Premium/Discount to List
-$30,000
-13.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.13%
Original Mortgage
$50,000
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Apr 19, 2016
Closed on
Jun 6, 2016
Sold by
Pef Ckf Capital Llc
Bought by
Thomas Spaak And Nancy Spaak Living Trus and Spaak Nancy K
Seller's Agent
Charly Farritor
Lokation Real Estate
Buyer's Agent
Charly Farritor
Exit Realty Florida Keys MTH
List Price
$217,000
Sold Price
$195,000
Premium/Discount to List
-$22,000
-10.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.23%

Purchase Details

Closed on
Jun 29, 2015
Sold by
Girkins Joyce S and Girkins Ralph C
Bought by
Pef-Ckf Capital Llc

Purchase Details

Closed on
Oct 2, 2013
Sold by
Girkins Ralph C and Girkins Joyce S
Bought by
Girkins Joyce S and Girkins Ralph C

Purchase Details

Closed on
May 29, 2007
Sold by
Girkins Ralph and Girkins Joyce S
Bought by
Girkins Ralph and Girkins Joyce S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$189,500
Interest Rate
5.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 17, 2005
Sold by
Marathon Wild Bird Center Inc
Bought by
Girkins Ralph and Girkins Joyce S

Purchase Details

Closed on
Sep 30, 2004
Sold by
Day Susan Lynn
Bought by
Marathon Wild Bird Center Inc

Purchase Details

Closed on
Jan 12, 1998
Sold by
Halla Gordon and Halla Joan E
Bought by
Belknap Walter E

Purchase Details

Closed on
Oct 1, 1988
Bought by
Spaak Thomas And Nancy Living Trust 10/16/201

Purchase Details

Closed on
Apr 1, 1984
Bought by
Spaak Thomas And Nancy Living Trust 10/16/201

Purchase Details

Closed on
Nov 1, 1977
Bought by
Spaak Thomas And Nancy Living Trust 10/16/201
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
Mcgrade John $375,000 --
Card Dennis M $240,000 All Keys Title
Hooks Roy Vincent $190,000 Attorney
Thomas Spaak And Nancy Spaak Living Trus $195,000 All Keys Title Andnotary Ser
Pef-Ckf Capital Llc $125,000 All Keys Title
Girkins Joyce S -- Attorney
Girkins Ralph -- Chicago Title Of The Fl Keys
Girkins Ralph $275,000 --
Marathon Wild Bird Center Inc -- --
Belknap Walter E $69,900 --
Spaak Thomas And Nancy Living Trust 10/16/201 $54,500 --
Spaak Thomas And Nancy Living Trust 10/16/201 $49,000 --
Spaak Thomas And Nancy Living Trust 10/16/201 $28,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcgrade John $202,500
Previous Owner Card Dennis M $240,000
Previous Owner Hooks Roy Vincent $50,000
Previous Owner Girkins Ralph $189,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/07/2023 02/07/23 Sold $375,000 -3.8% $572 / Sq Ft
11/22/2022 11/22/22 Price Changed $390,000 -1.3% $595 / Sq Ft
10/18/2022 10/18/22 For Sale $395,000 +64.6% $602 / Sq Ft
08/10/2020 08/10/20 Sold $240,000 -3.6% $366 / Sq Ft View Prior Sale
05/29/2020 05/29/20 For Sale $249,000 +31.1% $380 / Sq Ft
03/20/2017 03/20/17 Sold $190,000 -13.6% $290 / Sq Ft View Prior Sale
03/10/2017 03/10/17 Pending -- -- --
02/14/2017 02/14/17 For Sale $220,000 +12.8% $335 / Sq Ft
06/06/2016 06/06/16 Sold $195,000 -10.1% $297 / Sq Ft View Prior Sale
05/09/2016 05/09/16 Pending -- -- --
04/19/2016 04/19/16 For Sale $217,000 -- $331 / Sq Ft
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 $3,423 $307,943 -- $307,943
2024 $2,983 $307,943 -- $307,943
2023 $2,983 $292,864 $0 $292,864
2022 $2,738 $247,750 $0 $247,750
2021 $2,545 $203,388 $0 $203,388
2020 $1,488 $140,061 $0 $140,061
2019 $1,453 $136,913 $0 $136,913
2018 $1,390 $134,361 $0 $0
2017 $1,861 $143,947 $0 $0
2016 $1,906 $143,947 $0 $0
2015 $1,585 $110,208 $0 $0
2014 $1,551 $110,208 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Katie Carrillo

    Seller's Agent in 2023

    Katie Carrillo

    LPT Realty, LLC

    (305) 879-2543

    17 in this area

    24 Total Sales

    Katie Carrillo
    Section Image
  • Deni Heintzelman

    Buyer's Agent in 2023

    Deni Heintzelman

    KeyIsle Realty

    (305) 926-8559

    1 in this area

    34 Total Sales

    Deni Heintzelman
    Section Image
  • Ben Daniels

    Seller's Agent in 2020

    Ben Daniels

    Lokation Real Estate

    (305) 395-2723

    38 in this area

    57 Total Sales

    Ben Daniels
    Section Image

  • C

    Seller's Agent in 2017

    Charly Farritor

    Lokation Real Estate

    (520) 271-5518

    4 in this area

    11 Total Sales

    Charly Farritor
    Section Image
  • Rick Servais

    Buyer's Agent in 2017

    Rick Servais

    Coldwell Banker Schmitt Real Estate Co.

    (305) 433-0349

    148 in this area

    188 Total Sales

    Rick Servais
    Section Image

  • M

    Buyer Co-Listing Agent in 2017

    Monica Barrett

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6554

    152 in this area

    202 Total Sales

    Monica Barrett
    Section Image
See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 602807

APN: 00325131-000200

Florida Monroe County Marathon 33050

5301 Ocean Terrace Unit 2, Marathon, FL

Not Listed for Sale

Condos

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