NOT LISTED FOR SALE

57487 Bailey St Marathon, FL 33050

Estimated Value: $553,439 - $618,000

2 Beds
2 Baths
926 Sq Ft
$635/Sq Ft Est. Value

Last Sold May 30, 2024

Last sale price $599,000 $647 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $3,357/month

247 Days on Market

Highlights

  • Beach
  • RV or Boat Parking
  • Deck
  • Coral Shores High School Rated A
  • RV Parking in Community
  • 1-minute walk to Curry Hammock State Park

About This Home

As of May 2024

Live on Grassy Key in the Florida Keys and be a minute to the Gulf of Mexico for kayaking, canoeing, boating and fishing. This desirable home is privately situated amongst other attractive houses with no HOA and walking distance to Sunset Bay Park. Metal roof (2009), impact glass windows, tankless water heater, Hardi-board exterior with fresh paint. (Tax rolls show an effective of 2003). The inside is charming with a spacious living boasting wood ceilings and opens up to the dining area and kitchen. Bathrooms and kitchen have had some updating and show well. Plenty of room for the RV, boat, trailer and other toys. Fantastic outdoor kitchen, hot tub, gazebo and bar for entertaining. This is a must see!

Last Agent to Sell the Property

Caroline Barca

Berkshire Hathaway Florida Realty - Stuart License #698428 Listed on: 07/03/2023

Berkshire Hathaway Florida Realty - Stuart

Last Buyer's Agent

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,269

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 6,000 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned RL - Residential Low

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 926 Sq Ft Home
  • 1-Story Property
  • Bar
  • Workshop
  • Storage
  • Laundry Room
  • Utility Room

Kitchen

  • Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Covered Parking
  • Open Parking
  • RV or Boat Parking

Outdoor Features

  • Deck
  • Patio
  • Outdoor Kitchen
  • Shed

Utilities

  • Central Heating and Cooling System
  • Separate Meters
  • Propane
  • Tankless Water Heater
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00360340-000000

Community Details

Overview

  • No Home Owners Association
  • Sunset Bay Subdivision
  • RV Parking in Community

Recreation

  • Beach

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,269

Year Built

Built in 1938 | 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
  • Fee Includes: None
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Grassy Key
  • Mile Marker: 56.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3268.54
  • Vehicle Storage: Open Parking, Trailer Storage, Covered Parking, RV Parking Open
  • Year Built: 1938
  • Alternate Key Number: 1442429
  • Building Style: Conch
  • Cooling Heating: Central Air
  • Lot Sq Ft: 6000.00
  • Porch Balcony: Deck, Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 926.00
  • G F Interior Features: Tankless Hot Wtr Htr
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pantry, Granite Counter Top, Other, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Gas Appliances, Range, Refrigerator
  • Floor: Tile, Other, Wood
  • Specialty Rooms: Laundry Room, Other, Workshop, Utility Room
  • Appliances Other: Out Door Kitchen
  • Total Bedrooms: 2
  • Sq Ft Remarks: Total Sq. Ft. 1,520 per tax records.

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame, Hardi Board Siding, Other
  • Exterior Features: Bar, Shed, Privacy Wall/Fence, Outdoor Kitchen, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Propane, Elect Separate Meter, Water Separate Meter, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00360340-000000
  • Lot Size: 60x100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished, Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2023
Closed on
May 30, 2024
Sold by
Taylor Peggy J and Taylor Kevin
Bought by
Preston Neil T and Ferretti Aja M
Seller's Agent
Caroline Barca
Berkshire Hathaway Florida Realty - Stuart
Buyer's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
List Price
$599,000
Sold Price
$599,000
Views
241
Current Estimated Value
$588,110

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$10,890
Avg. Annual Appreciation
-1.14%
Original Mortgage
$569,000
Outstanding Balance
$560,538
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$27,572

Purchase Details

Closed on
Dec 1, 2017
Sold by
Sutton Lyn D and Sutton Christina L
Bought by
Taylor Peggy J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6%
Mortgage Type
Stand Alone First

Purchase Details

Closed on
Feb 26, 2015
Sold by
Christ Jr Richard A and Christ Dawn L
Bought by
Sutton Lynn D and Sutton Christina I

Purchase Details

Listed on
Jan 17, 2012
Closed on
Mar 15, 2012
Sold by
Taylor Patricia L
Bought by
Christ Jr Richard A and Christ Dawn L
Seller's Agent
Elaine Zimmerman
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Karen Angle
Coldwell Banker Schmitt Real Estate Co.
List Price
$193,500
Sold Price
$195,000
Premium/Discount to List
$1,500
0.78%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.32%
Original Mortgage
$150,000
Interest Rate
3.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 29, 2001
Sold by
Nigel Jacks I
Bought by
Taylor Patricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$108,000
Interest Rate
6.59%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1977
Bought by
Sutton Lyn D and Sutton Christina I
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
Preston Neil T $599,000 None Listed On Document
Taylor Peggy J $225,000 Attorney
Sutton Lynn D $235,000 None Available
Christ Jr Richard A $195,000 Attorney
Taylor Patricia $135,000 --
Sutton Lyn D $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Preston Neil T $569,000
Previous Owner Taylor Peggy J $225,000
Previous Owner Christ Jr Richard A $150,000
Previous Owner Taylor Patricia $108,000
Previous Owner Taylor Patricia $50,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/30/2024 05/30/24 Sold $599,000 0.0% $647 / Sq Ft
03/07/2024 03/07/24 For Sale $599,000 0.0% $647 / Sq Ft
03/06/2024 03/06/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $599,000 0.0% $647 / Sq Ft
01/03/2024 01/03/24 Off Market $599,000 -- --
12/05/2023 12/05/23 Price Changed $599,000 -11.3% $647 / Sq Ft
10/02/2023 10/02/23 Price Changed $675,000 -11.1% $729 / Sq Ft
07/13/2023 07/13/23 Price Changed $759,000 -5.0% $820 / Sq Ft
07/03/2023 07/03/23 For Sale $799,000 +309.7% $863 / Sq Ft
03/15/2012 03/15/12 Sold $195,000 +0.8% $214 / Sq Ft View Prior Sale
01/31/2012 01/31/12 Pending -- -- --
01/17/2012 01/17/12 For Sale $193,500 -- $212 / 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 $3,418 $489,080 $283,920 $205,160
2024 $3,318 $292,610 -- --
2023 $3,318 $284,088 $0 $0
2022 $3,269 $275,814 $0 $0
2021 $3,277 $267,781 $0 $0
2020 $3,204 $264,084 $140,400 $123,684
2019 $3,156 $259,431 $0 $0
2018 $3,028 $254,594 $121,680 $132,914
2017 $3,143 $233,187 $0 $0
2016 $2,978 $201,901 $0 $0
2015 $2,195 $160,969 $0 $0
2014 $2,171 $155,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 605863

Florida Keys Board of REALTORS®

APN: 00360340-000000