NOT LISTED FOR SALE

611 51st Street Gulf Marathon, FL 33050

Estimated Value: $643,000 - $1,482,000

2 Beds
2 Baths
1,248 Sq Ft
$728/Sq Ft Est. Value

Last Sold March 05, 2024

Last sale price $562,000 $450 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $5,232/month

108 Days on Market

Highlights

  • Airstrip
  • Boat Ramp
  • RV Parking in Community
  • Coral Shores High School Rated A
  • RV or Boat Parking
  • No HOA

About This Home

As of March 2024

More than meets the eye, a space that must be seen to be appreciated! This property has plenty of room where large family gatherings are easily accommodated! This property boasts an expansive lot size of over 1/4 acre, 735 sq ft storage enclosure that enlarges the space with lots of added convenience. Storage space provides multiple options for entertaining, gaming and gathering. It opens up to a larger than 1/4 acre lot out back where you have room for a pool, fire pit creations etc. All nestled under several large shade trees and entirely fenced in. Inside, the home hosts stainless steel appliances that create a modern, stylish feel in the kitchen. Complimenting these are the granite counters, offering you a durable work surface. Ample cabinet space ensures you never fall short of storage solutions, keeping your kitchen clutter-free and efficient. The home's layout implements a split-bedroom floor plan, ultimately promising privacy and space for everyone. The master bedroom boasts two walk-in closets providing ample storage for all your wardrobe needs. Prepare to be surprised by the abundant space and potential of this home. It is a must see to appreciate. The sheer size of the yard is remarkably impressive and offers the opportunity for creative landscaping or outdoor activities. This property provides the unique benefit of dual entrance, stretching from 51st street to 50th court and measuring approximately 100 feet wide by 125 feet deep. It holds a ton of promise. With a little love, it could be the perfect fit for a large or extended family. It's a must-see property to truly grasp its potential. Embrace the potential and opportunity of 611 51st Street Gulf and take a visit - you might just fall in love! This property is waiting for its new owner to add their personal touch and transform it into their dream home. Elevation cert and assumable flood policy available.

Last Agent to Sell the Property

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 09/22/2023

Coldwell Banker Schmitt Real Estate Co.

Last Buyer's Agent

Sam Williams

Coldwell Banker Schmitt Real Estate Co. License #3186658 Listed on: 09/22/2023

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,766

Year Built

  • Built in 1993

Lot Details

  • 0.29 Acre Lot
  • Property is zoned RM - Residential Medium

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,248 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Single Hung Windows

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Guest Parking
  • Open Parking
  • Off-Street Parking
  • RV or Boat Parking

Outdoor Features

  • Airstrip
  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00325220-000000

Community Details

Overview

  • No Home Owners Association
  • Woodburns Sub Subdivision
  • Rental Restrictions
  • RV Parking in Community

Recreation

  • Boat Ramp
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,766

Year Built

Built in 1993

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: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Marathon Neighborhood: Old Town East (25th to Sombrero)
  • Mile Marker: 49.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Airstrip
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3766.00
  • Vehicle Storage: Open Parking, RV Parking Open, Trailer Storage, Off Street Parking, Guest Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1993
  • Alternate Key Number: 1399302
  • Building Style Stilt Column Height: Short - 4Ft & Under
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 12666.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1248.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Range, Refrigerator
  • Floor: Tile, Laminate, Combo, Carpet
  • Windows/Doors: Single Hung Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Combo Construction, Frame
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE-8
  • Parcel Number: 00325220-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.29

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 22, 2023
Closed on
Mar 5, 2024
Sold by
Spencer Ranford and Spencer Brenda
Bought by
Tapanes Yasiel Rodriguez and Rodriguez Doris Vannesa
Seller's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
List Price
$689,000
Sold Price
$562,000
Premium/Discount to List
-$127,000
-18.43%
Views
86
Current Estimated Value
$908,949

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$346,949
Avg. Annual Appreciation
37.49%
Original Mortgage
$533,900
Outstanding Balance
$526,006
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$382,943

Purchase Details

Closed on
Jul 21, 2010
Sold by
Deutsche Bank National Trust Company
Bought by
Spencer Brenda and Spencer Ranford

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,145
Interest Rate
5.12%
Mortgage Type
FHA

Purchase Details

Closed on
Apr 29, 2010
Sold by
Dearmas Eduardo J
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Apr 15, 2010
Sold by
Dearmas Eduardo J
Bought by
Deutsche Bank National Trust Company

Purchase Details

Closed on
Dec 15, 2006
Sold by
Bacallao Pavel and Blanco Yadira
Bought by
Dearmas Eduardo J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$106,000
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Mar 15, 2005
Sold by
Brown Mark E and Brown Brenda K
Bought by
Bacallao Pavel and Blanco Yadira

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.25%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2001
Sold by
Morris Rosenbaum M and Morris Esther Rosenbaum
Bought by
Rosenbaum Morris

Purchase Details

Closed on
Feb 23, 2001
Bought by
Spencer Brenda and Spencer Ranford

Purchase Details

Closed on
Oct 1, 1989
Bought by
Spencer Brenda and Spencer Ranford
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
Tapanes Yasiel Rodriguez $562,000 None Listed On Document
Spencer Brenda $155,200 Attorney
Deutsche Bank National Trust Company -- None Available
Deutsche Bank National Trust Company -- None Available
Dearmas Eduardo J $530,000 Attorney
Bacallao Pavel $430,000 --
Rosenbaum Morris -- --
Spencer Brenda $170,000 --
Spencer Brenda $14,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Tapanes Yasiel Rodriguez $533,900
Previous Owner Spencer Brenda $190,000
Previous Owner Spencer Brenda $169,145
Previous Owner Dearmas Eduardo J $106,000
Previous Owner Dearmas Eduardo J $424,000
Previous Owner Bacallao Pavel $344,000
Previous Owner Rosenbaum Morris $61,000
Closed Bacallao Pavel $86,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/05/2024 03/05/24 Sold $562,000 -10.7% $450 / Sq Ft
12/29/2023 12/29/23 Price Changed $629,000 -4.6% $504 / Sq Ft
12/07/2023 12/07/23 Price Changed $659,000 -4.4% $528 / Sq Ft
09/22/2023 09/22/23 For Sale $689,000 -- $552 / Sq Ft
Source: Marathon and Lower Keys Association 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 $3,821 $348,811 -- --
2023 $3,821 $338,652 $0 $0
2022 $3,766 $328,789 $0 $0
2021 $3,786 $319,213 $0 $0
2020 $3,698 $314,806 $0 $0
2019 $3,627 $307,729 $0 $0
2018 $3,473 $301,992 $0 $0
2017 $3,412 $295,781 $0 $0
2016 $3,433 $289,698 $0 $0
2015 $3,344 $279,608 $0 $0
2014 $3,385 $277,389 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 606732

APN: 00325220-000000