NOT LISTED FOR SALE

5301 Ocean Terrace Unit 7 Marathon, FL 33050

Estimated Value: $376,867 - $437,000

2 Beds
1 Bath
776 Sq Ft
$533/mo HOA Fee

Last Sold June 25, 2021

Last sale price $297,000 $383 Per Sq Ft

Est. 38% increase in value since last sale

Current estimated payment $3,012/month

19 Days on Market

Highlights

  • Beach
  • Dock made with concrete
  • Harbor Views
  • Coral Shores High School Rated A
  • Heated In Ground Pool
  • Home fronts a canal

About This Home

As of June 2021

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 a completely updated kitchen and bathroom, open concept living/dining/kitchen and a new mini-split AC unit. 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: 03/22/2021

Ocean Sotheby's International

Co-Listed By

Jenna Chapa

Ocean Sotheby's International License #SL3482418

Last Buyer's Agent

Dawn McComish

Lokation Real Estate License #3021595

Lokation Real Estate

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,118

Year Built

  • Built in 1971 | Remodeled

Lot Details

  • Home fronts a canal

HOA Fees

  • $533 Monthly HOA Fees

Property Views

  • Harbor
  • Canal

Home Design

  • Entry on the 1st floor
  • Tar and Gravel Roof

Interior Spaces

  • 776 Sq Ft Home
  • Ceiling Fan
  • Sliding Doors
  • Tile Flooring
  • Monitored

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • Guest Parking
  • Assigned Parking

Outdoor Features

  • Heated In Ground Pool
  • First Come-First Served Dock
  • Seawall
  • Dock made with concrete
  • Screened Patio
  • Outdoor Storage

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28

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
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,118

Year Built

Built in 1971 | Remodeled

Lot Details

0

HOA Fees

$533 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: 533.00
  • Mandatory HOA: Yes
  • Dockage Dock: Concrete
  • Dockage Seawall: Concrete
  • 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, Bike Paths
  • Off Shore Island: No
  • Pets W Restrictions: 1 under 40 lbs
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Ocean
  • State Province: FL
  • Taxes: 2117.54
  • Vehicle Storage: Assigned Parking, Guest Parking
  • Year Built: 1971
  • Alternate Key Number: 1399167
  • Cooling Heating: Ceiling Fans(s), 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: Homestead
  • Building Style Above Flood: No
  • 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: Granite Counter Top, Smoke Alarms
  • Floor Number: 1.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator, Oven, Microwave
  • Floor: Tile
  • Windows/Doors: Other Windows/Doors, Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: First Come Dock
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Tar/Gravel Roof
  • Waterview: Canal View, Harbor/Marina View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 20, 2023
Sold by
Menendez Lizeth and Menendez Ricardo E
Bought by
Ricardo E Presas And Lizeth Menendez Revocabl and Menendez
Current Estimated Value
$408,967

Purchase Details

Listed on
Mar 22, 2021
Closed on
Jun 3, 2021
Sold by
Bloxom John E and Bloxom Christine W
Bought by
Menendez Lizeth
Seller's Agent
Ally Kelley
Ocean Sotheby's International
Buyer's Agent
Dawn McComish
Lokation Real Estate
List Price
$299,000
Sold Price
$297,000
Premium/Discount to List
-$2,000
-0.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.32%
Original Mortgage
$200,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
May 1, 2012
Closed on
Apr 30, 2012
Sold by
Bylund William and Bylund Denise
Bought by
Bloxom John E and Bloxom Christine W
Seller's Agent
Wanda Brock
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Rick Servais
Coldwell Banker Schmitt Real Estate Co.
List Price
$153,500
Sold Price
$153,500

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.47%
Original Mortgage
$107,450
Interest Rate
3.34%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 14, 2011
Sold by
Nolan James F
Bought by
Bylund William and Bylund Denise

Purchase Details

Closed on
Jan 26, 2005
Sold by
Groeller William M
Bought by
Nolan James F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$304,000
Interest Rate
4.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 20, 2003
Sold by
Gleason Robert A and Gleason Ruby L
Bought by
Groeller William M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$220,500
Interest Rate
5.75%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 10, 2003
Sold by
Gleason Robert A and Gleason Ruby
Bought by
Gleason Robert A and Gleason Ruby

Purchase Details

Closed on
Sep 16, 2002
Sold by
Wilson George E
Bought by
Gleason Robert A and Gleason Ruby

Purchase Details

Closed on
Feb 12, 1998
Sold by
Enstrom Robert D and Enstrom Mary J
Bought by
Wilson George E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$89,100
Interest Rate
7.07%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1983
Bought by
Bloxom John E and Bloxom Christine W

Purchase Details

Closed on
Jul 1, 1977
Bought by
Bloxom John E and Bloxom Christine W

Purchase Details

Closed on
Feb 1, 1973
Bought by
Bloxom John E and Bloxom Christine W
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Ricardo E Presas And Lizeth Menendez Revocabl -- None Listed On Document
Ricardo E Presas And Lizeth Menendez Revocabl -- None Listed On Document
Menendez Lizeth $297,000 Florida Title Professional
Bloxom John E $153,500 Attorney
Bylund William $125,800 Landmark Title
Nolan James F $380,000 --
Groeller William M $245,000 --
Gleason Robert A $118,000 --
Gleason Robert A $153,500 --
Wilson George E $99,000 --
Bloxom John E $55,000 --
Bloxom John E -- --
Bloxom John E $25,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Menendez Lizeth $200,000
Previous Owner Bloxom John E $107,450
Previous Owner Nolan James F $304,000
Previous Owner Groeller William M $220,500
Previous Owner Wilson George E $89,100
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/25/2021 06/25/21 Sold $297,000 -0.7% $383 / Sq Ft
04/10/2021 04/10/21 Pending -- -- --
03/22/2021 03/22/21 For Sale $299,000 +94.8% $385 / Sq Ft
05/01/2012 05/01/12 Sold $153,500 0.0% $198 / Sq Ft View Prior Sale
05/01/2012 05/01/12 Pending -- -- --
05/01/2012 05/01/12 For Sale $153,500 -- $198 / 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
2025 $4,115 $345,448 -- $345,448
2024 $3,877 $345,448 -- $345,448
2023 $3,877 $328,662 $0 $328,662
2022 $3,585 $276,718 $0 $276,718
2021 $2,161 $163,793 $0 $163,793
2020 $2,118 $161,532 $0 $161,532
2019 $2,078 $157,901 $0 $157,901
2018 $2,004 $154,957 $0 $0
2017 $1,969 $151,770 $0 $0
2016 $2,004 $151,770 $0 $0
2015 $2,202 $130,368 $0 $0
2014 $2,162 $130,368 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 595277

Florida Keys Board of REALTORS®

APN: 00325131-000700