NOT LISTED FOR SALE

5603 College Rd Unit E205 Key West, FL 33040

Estimated Value: $1,146,000 - $1,748,000

3 Beds
2 Baths
1,658 Sq Ft
$1,200/mo HOA Fee

Last Sold February 06, 2019

Last sale price $1,275,000 $769 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $9,209/month

141 Days on Market

Highlights

  • Property fronts gulf or ocean
  • Clubhouse
  • Complete Accordion Shutters
  • Concrete Pool
  • Balcony
  • Wet Bar

About This Home

As of February 2019

Enjoy looking at Key West's famous sunsets over the gulf and your large boat docked at your 50' slip from your 3 Bedroom 2 Bath condo at Sunset Marina, an upscale gated community boasting a full service marina, floating docks, clubhouse, and waterfront pool. The spacious floor plan features an open Kitchen with dining bar and a large Great Room with wet bar. Picturesque water views are seen from all Living Areas, and from the large Master Suite complete with spa tub, separate shower and double sinks. The large Porch, overlooking the marina and gulf, is ideal for outdoor dining and entertaining. Just steps from your door is your deeded 50' deep draft slip which offers easy access to world-class fishing and diving just minutes away.

Last Agent to Sell the Property

Lisa Ferringo

Coldwell Banker Schmitt RE Co. License #605677 Listed on: 08/02/2018

Last Buyer's Agent

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,472

Year Built

  • Built in 2000

Lot Details

  • Property fronts gulf or ocean
  • Property Fronts a Bay or Harbor
  • Privacy Fence
  • Fenced

HOA Fees

  • $1,200 Monthly HOA Fees

Home Design

  • Concrete Roof
  • Metal Roof

Interior Spaces

  • 1,658 Sq Ft Home
  • Wet Bar
  • Bar
  • Ceiling Fan
  • Sliding Doors
  • Entrance Foyer
  • Gulf Views

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Carport
  • Electric Gate

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • Balcony
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00072080-002525

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt, security, exterminating, building insurance
  • 60 Units
  • Sunset Marina Subdivision
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pets Allowed

Security

  • Resident Manager or Management On Site
  • Complete Accordion Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,472

Year Built

Built in 2000

Lot Details

0

HOA Fees

$1,200 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 3600.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Security, Exterminating, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • Limited Representation: No
  • Mile Marker: 5.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Spa, Manager on Premises, Community Pool
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 6471.64
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 1
  • Year Built: 2000
  • Alternate Key Number: 8989674
  • Building Style Stilt Column Height: Medium - 5Ft - 9Ft
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Pool Info: Concrete, In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1658.00
  • Sewer Hook Up: Yes
  • Unit Complex: Unit
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Bar, Pantry, Wet Bar, Smoke Alarms, Entrance Foyer
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Range, Washer, Refrigerator, Microwave, Oven, Dryer
  • Floor: Carpet, Tile
  • Windows/Doors: Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Bay Front, Open Water, Gulf Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Fencing, Privacy Wall/Fence, Lighting, Hot Tub
  • Roof: Concrete Roof, Metal Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: Yes

Utilities

  • Security: Electric Gate
  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: VE,AE,AE,AE,AE,VE,VE
  • Parcel Number: 00072080-002525
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 60.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 2, 2018
Closed on
Feb 11, 2019
Sold by
Peter Holmes
Bought by
Sharpe Walter L and Sharpe Janice C
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$1,275,000
Sold Price
$1,275,000
Current Estimated Value
$1,417,907

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$142,907
Avg. Annual Appreciation
1.54%

Purchase Details

Listed on
Aug 2, 2018
Closed on
Feb 6, 2019
Sold by
Peter Holmes
Bought by
Sharpe Walter L and Sharpe Janice C
Seller's Agent
Lisa Ferringo
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$1,275,000
Sold Price
$1,275,000

Purchase Details

Closed on
Jan 9, 2004
Sold by
Tarpon House Associates Inc
Bought by
Holmes Peter

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 3, 2002
Sold by
Sunset Ventures Of Key West Inc C
Bought by
Paurowski Peggy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,700
Interest Rate
6.49%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 24, 2001
Bought by
Holmes Peter
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Sharpe Walter L $1,275,000 None Listed On Document
Sharpe Walter L $1,275,000 None Listed On Document
Holmes Peter $685,000 Atlantic Title & Abstract Co
Paurowski Peggy A $403,700 --
Holmes Peter $510,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Holmes Peter $333,000
Previous Owner Paurowski Peggy A $300,700
Closed Holmes Peter $102,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/06/2019 02/06/19 Sold $1,275,000 0.0% $769 / Sq Ft
12/21/2018 12/21/18 Pending -- -- --
08/02/2018 08/02/18 For Sale $1,275,000 -- $769 / 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 $8,020 $984,819 -- --
2024 $7,891 $957,065 -- --
2023 $7,891 $929,190 $0 $0
2022 $7,553 $902,127 $0 $0
2021 $7,742 $875,852 $0 $875,852
2020 $7,613 $863,760 $0 $863,760
2019 $7,151 $763,737 $0 $763,737
2018 $7,237 $806,801 $0 $0
2017 $6,882 $780,514 $0 $0
2016 $6,257 $602,043 $0 $0
2015 $6,425 $602,043 $0 $0
2014 $6,157 $552,114 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2019

    Lisa Ferringo

    Coldwell Banker Schmitt RE Co.

  • Vic Musmanno

    Buyer's Agent in 2019

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    142 Total Sales

    Vic Musmanno
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 581328

Florida Keys Board of REALTORS®

APN: 00072080-002525

Florida Monroe County Key West 33040

5603 College Rd Unit E205, Key West, FL

Not Listed for Sale

Condos

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