NOT LISTED FOR SALE

540 Sombrero Beach Rd Marathon, FL 33050

Estimated Value: $1,549,253 - $1,769,000

2 Beds
2 Baths
1,674 Sq Ft
$988/Sq Ft Est. Value

Last Sold June 03, 2021

Last sale price $1,125,000 $672 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $10,019/month

53 Days on Market

Highlights

  • Ocean View
  • Boat Ramp
  • Dock made with wood
  • Coral Shores High School Rated A
  • Beach
  • Screened Pool

About This Home

As of June 2021

Established vacation rental property steadily producing significant rental income! This turn-key home is less than a mile from Sombrero Beach & situated on a recently dredged canal that provides immediate ocean access from its 40 ft. dock w/ potential to expand. Both Ocean & canal views pour into the masterfully renovated living spaces filled with high-end finishings including dreamy quartz kitchen, crown molding & plank tile flooring. Exquisite master suite w/ spacious spa-inspired bath, walk in-closet & private balcony access. The over-sized, tropically landscaped fenced lot maximizes privacy while enjoying the screened & heated pool. Just off the pool, a large enclosed bonus space. Updates like hardi board siding, hurricane impact windows/doors & metal roof proved their worth w/ Irma

Last Agent to Sell the Property

David Grego

Island Breeze Realty Branch Office License #BK3107004 Listed on: 02/13/2021

Last Buyer's Agent

Tom Rodriguez

American Caribbean Real Estate, Christie's International Real Estate License #493286

Property Details

Home Type

  • Modular Prefabricated Home

Est. Annual Taxes

  • $8,171

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 10,005 Sq Ft Lot
  • Home fronts a canal
  • Fenced

Property Views

  • Ocean
  • Canal

Home Design

  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 1,674 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Quartz Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Maid or Guest Quarters
  • 2 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Dryer
  • Washer

Home Security

  • Monitored
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 4 Parking Spaces
  • Carport

Pool

  • Screened Pool
  • Heated In Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Dock made with wood
  • Screened Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00354940-000000

Community Details

Overview

  • No Home Owners Association
  • Sombrero Bch Village Subdivision

Recreation

  • Boat Ramp
  • Beach
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Modular Prefabricated Home

Est. Annual Taxes

$8,171

Year Built

Built in 1981 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 4
  • Dockage Dock: Wood
  • Dockage Dock Length: 40
  • Document Count: 2
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Sombrero
  • Mile Marker: 49.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Community Boat Ramp, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 8170.92
  • Vehicle Storage: Carport, Trailer Storage, Covered Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1981
  • Alternate Key Number: 1432661
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 10005.00
  • Pool Info: Fiberglass, Screened In, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • License Info Number Of City License: 1
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1674.00
  • Specialty Rooms Guest Servant Qtrs: Non-Conforming
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MobileManufactured

Interior Features

  • Interior Amenities: Cathedral Ceilings, Whirlpool Bath Tub, Window Treatments, Quartz Countertops, Walk-in Closet(s), Storage, Smoke Alarms, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Wine Cooler, Microwave, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Dryer, Disposal
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Doors, Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Hardi Board Siding, Modular
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof
  • Waterview: Canal View, Ocean View, Open Water View
  • Pool: Yes

Utilities

  • Security: Patrolled Area
  • Utilities: Cable Available, Water Separate Meter, Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE
  • Parcel Number: 00354940-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.23

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2021
Closed on
Jun 1, 2021
Sold by
Grego David N and Grego Joanne M
Bought by
Bowen Eddie Albert and Bowen Stacy Marie
Seller's Agent
David Grego
Island Breeze Realty Branch Office
Buyer's Agent
Tom Rodriguez
American Caribbean Real Estate, Christie's International Real Estate
List Price
$1,149,000
Sold Price
$1,125,000
Premium/Discount to List
-$24,000
-2.09%
Current Estimated Value
$1,654,313

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$529,313
Avg. Annual Appreciation
9.72%
Original Mortgage
$900,000
Outstanding Balance
$816,610
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$847,435

Purchase Details

Closed on
Dec 2, 2004
Sold by
Andrews John H and Andrews Brenda E
Bought by
Grego David N and Grego Joanne M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,000
Interest Rate
5.57%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 19, 2003
Sold by
Kotlarz Wallace J and Kotlarz Ilse A
Bought by
Andrews John H and Andrews Brenda E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
4.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Mar 20, 1998
Sold by
M Carol Sanderson Tr
Bought by
Kotlarz Wallace J and Kotlarz Ilse A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$11,000
Interest Rate
6.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Aug 8, 1993
Sold by
Sanderson F Carol and Sanderson Richard J
Bought by
Sanderson F Carol

Purchase Details

Closed on
Mar 1, 1986
Bought by
Grego David N and Grego Joanne M

Purchase Details

Closed on
Mar 1, 1981
Bought by
Grego David N and Grego Joanne M

Purchase Details

Closed on
Feb 1, 1978
Bought by
Grego David N and Grego Joanne M
Source: Public Records

Range of Values:

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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
Bowen Eddie Albert $1,125,000 Attorney
Grego David N $735,000 --
Andrews John H $595,000 --
Kotlarz Wallace J $200,000 --
Sanderson F Carol -- --
Grego David N $99,000 --
Grego David N $29,800 --
Grego David N $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowen Eddie Albert $900,000
Previous Owner Grego David N $792,000
Previous Owner Grego David N $555,000
Previous Owner Grego David N $100,000
Previous Owner Grego David N $588,000
Previous Owner Andrews John H $322,700
Previous Owner Kotlarz Wallace J $160,000
Previous Owner Kotlarz Wallace J $11,000
Closed Andrews John H $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/03/2021 06/03/21 Sold $1,125,000 -2.1% $672 / Sq Ft
02/13/2021 02/13/21 For Sale $1,149,000 -- $686 / 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 $12,060 $1,383,324 $1,070,535 $312,789
2023 $12,060 $1,274,791 $960,480 $314,311
2022 $10,894 $1,045,731 $722,861 $322,870
2021 $8,558 $760,009 $420,210 $339,799
2020 $8,143 $729,941 $420,210 $309,731
2019 $8,171 $732,297 $395,198 $337,099
2018 $7,924 $734,803 $395,198 $339,605
2017 $5,715 $540,321 $0 $0
2016 $5,763 $529,208 $0 $0
2015 $5,725 $525,529 $0 $0
2014 $5,813 $521,358 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2021

    David Grego

    Island Breeze Realty Branch Office

    Section Image
  • Tom Rodriguez

    Buyer's Agent in 2021

    Tom Rodriguez

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 394-0688

    141 Total Sales

    Tom Rodriguez
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594674

Florida Keys Board of REALTORS®

APN: 00354940-000000

Florida Monroe County Marathon 33050

540 Sombrero Beach Rd, Marathon, FL

This home is located at 540 Sombrero Beach Rd, Marathon, FL 33050 since 13 February 2021 and is currently estimated at $1,654,313, approximately $988 per square foot. This property was built in 1981. 540 Sombrero Beach Rd 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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