NOT LISTED FOR SALE

5301 Ocean Terrace Unit 5 Marathon, FL 33050

Estimated Value: $374,198 - $423,000

2 Beds
1 Bath
776 Sq Ft
$435/mo HOA Fee

Last Sold December 11, 2020

Last sale price $275,000 $354 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $2,875/month

249 Days on Market

Highlights

  • Boat Dock
  • Beach
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Concrete Pool
  • Furnished

About This Home

As of December 2020

Tropically decorated and recently updated Tradewinds West condo complete with two-bedrooms, one-bathroom and centrally located in the Heart of the Florida Keys. No stairs here, this ground-level unit features quartz countertops/new appliances/white cabinets in kitchen, new porcelain tile throughout, new light fixtures, new ceiling fans, new tankless hot water heater, and 2 new mini-split AC units. Calling all anglers, for a mere price of $200 per year, store your vessel (up to 38 ft) on a first come first serve basis and gain easy access to Ocean/Gulf. Private screened in porch, laundry on-site, a personal storage unit, and the heated pool offer an island life full of amenities. Complex was recently updated with new roof, concrete work, preventative termite treatment and new seawall too!

Last Agent to Sell the Property

Ally Kelley

Ocean Sotheby's International License #SL3352184 Listed on: 03/10/2020

Ocean Sotheby's International

Last Buyer's Agent

Ally Kelley

Ocean Sotheby's International License #SL3352184 Listed on: 03/10/2020

Ocean Sotheby's International

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,846

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • Home fronts a canal

HOA Fees

  • $435 Monthly HOA Fees

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 776 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Storage
  • Tile Flooring
  • Canal Views
  • Monitored

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • First Come-First Served Dock
  • Dock Facilities
  • Dock made with concrete
  • Screened Patio
  • Outdoor Storage

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00325131-000500

Community Details

Overview

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

Recreation

  • Boat Dock
  • Beach
  • Community Pool
  • Bike Trail

Pet Policy

  • Pet Restriction: 1 pet under 40 lbs

Security

  • Complete Accordion Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,846

Year Built

Built in 1971 | Remodeled

Lot Details

0

HOA Fees

$435 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 435.00
  • Mandatory HOA: Yes
  • Control Depth: 6
  • Dockage Dock: Concrete
  • Dockage Dock Length: 38
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 50.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Community Pool, Community Dockage, Bike Paths
  • Off Shore Island: No
  • Pets W Restrictions: 1 pet under 40 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 1846.47
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Guest Parking, Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1971
  • Alternate Key Number: 1399141
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Pool Info: Concrete, 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: Unknown
  • Estimated Living Sq Ft: 776.00
  • 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, Pantry, Storage, Quartz Countertops, Granite Counter Top
  • Floor Number: 1.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator, Oven, Microwave
  • Floor: Tile
  • Appliances Other: Tankless WaterHeater
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Dock Privileges, First Come Dock
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Combo Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00325131-000500
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 18, 2025
Sold by
Murphy Charles
Bought by
Sutorius Brian
Current Estimated Value
$401,050

Purchase Details

Listed on
Mar 10, 2020
Closed on
Dec 9, 2020
Sold by
Carobine Herbert James and Carobine Christine Marie
Bought by
Murphy Charles
Seller's Agent
Ally Kelley
Ocean Sotheby's International
Buyer's Agent
Ally Kelley
Ocean Sotheby's International
List Price
$295,000
Sold Price
$275,000
Premium/Discount to List
-$20,000
-6.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.13%

Purchase Details

Listed on
Feb 2, 2013
Closed on
Dec 6, 2013
Sold by
Ruesch Leanne and Peters Gary D
Bought by
Carobine Herbert James and Carobine Christine Marie
Seller's Agent
Lea Ruesch
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Thomas Willi
Fathom Realty NC
List Price
$175,000
Sold Price
$161,000
Premium/Discount to List
-$14,000
-8%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.94%
Original Mortgage
$96,000
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 10, 2007
Sold by
Peters Arlene L and Ruesch Leanne
Bought by
Ruesch Leanne and Peters Gary D

Purchase Details

Closed on
Sep 21, 2007
Sold by
Mcburney Donald J
Bought by
Peters Arlene L and Ruesch Leanne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
6.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 10, 1999
Bought by
Carobine Herbert James and Carobine Christine Marie

Purchase Details

Closed on
Dec 9, 1993
Sold by
Feldman Eugene
Bought by
Feldman Eugene M

Purchase Details

Closed on
Feb 1, 1977
Bought by
Carobine Herbert James and Carobine Christine Marie
Source: Public Records

Range of Values:

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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
Sutorius Brian $415,000 None Listed On Document
Sutorius Brian $415,000 None Listed On Document
Murphy Charles $275,000 Attorney
Carobine Herbert James $161,000 Attorney
Ruesch Leanne -- Attorney
Peters Arlene L $300,000 Florida Keys Title Company
Carobine Herbert James $96,000 --
Feldman Eugene M -- --
Carobine Herbert James $29,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Carobine Herbert James $96,000
Previous Owner Peters Arlene L $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/11/2020 12/11/20 Sold $275,000 -4.8% $354 / Sq Ft
11/14/2020 11/14/20 Pending -- -- --
09/16/2020 09/16/20 Price Changed $289,000 -2.0% $372 / Sq Ft
03/10/2020 03/10/20 For Sale $295,000 +83.2% $380 / Sq Ft
12/09/2013 12/09/13 Sold $161,000 -8.0% $207 / Sq Ft View Prior Sale
09/19/2013 09/19/13 Pending -- -- --
02/02/2013 02/02/13 For Sale $175,000 -- $226 / 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 $3,669 $344,233 -- $344,233
2023 $3,669 $327,501 $0 $327,501
2022 $3,394 $275,776 $0 $275,776
2021 $3,178 $224,913 $0 $224,913
2020 $2,964 $233,704 $0 $233,704
2019 $2,789 $215,982 $0 $215,982
2018 $2,469 $170,143 $0 $0
2017 $2,292 $145,012 $0 $0
2016 $2,327 $145,012 $0 $0
2015 $2,207 $130,368 $0 $0
2014 $2,242 $130,368 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ally Kelley

    Seller's Agent in 2020

    Ally Kelley

    Ocean Sotheby's International

    (305) 735-4095

    94 in this area

    132 Total Sales

    Ally Kelley
    Section Image
  • Lea Ruesch

    Seller's Agent in 2013

    Lea Ruesch

    Coldwell Banker Schmitt Real Estate Co.

    (305) 393-1843

    9 in this area

    11 Total Sales

    Lea Ruesch
    Section Image

  • T

    Buyer's Agent in 2013

    Thomas Willi

    Fathom Realty NC

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590216

Florida Keys Board of REALTORS®

APN: 00325131-000500

Florida Monroe County Marathon 33050

5301 Ocean Terrace Unit 5, Marathon, FL

This home is located at 5301 Ocean Terrace Unit 5, Marathon, FL 33050 since 10 March 2020 and is currently estimated at $401,050, approximately $516 per square foot. This property was built in 1971. 5301 Ocean Terrace Unit 5 is a home located in Monroe County with nearby schools including Stanley Switlik Elementary School, Marathon Middle High School, and Coral Shores High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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