NOT LISTED FOR SALE

701 11th St Marathon, FL 33050

Estimated Value: $1,281,937 - $1,863,000

3 Beds
2 Baths
1,392 Sq Ft
$1,082/Sq Ft Est. Value

Last Sold January 15, 2014

Last sale price $620,000 $445 Per Sq Ft

Est. 143% increase in value since last sale

Current estimated payment $8,627/month

205 Days on Market

Highlights

  • In Ground Pool
  • Home fronts a canal
  • No HOA
  • Coral Shores High School Rated A
  • Lanai
  • Balcony

About This Home

As of January 2014

Single Family Pool home in Key Colony Beach, ''Gem of the Florida Keys''. 3 bedrooms/2 baths, walk-in closets, vaulted ceilings and a 2 car garage provides room for your vehicles plus additional storage space. Pool area is landscaped for privacy. New A/C system installed March 2013. New pool pump August 2013. Come home to the Keys. Licensed real estate agent is spouse of trustee/owner of property.

Last Agent to Sell the Property

William Gustafson

Key Colony Beach Realty Listed on: 05/01/2013

Last Buyer's Agent

Karen Raspe

Island Breeze Realty, LLC

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,963

Year Built

  • Built in 1998

Lot Details

  • 8,250 Sq Ft Lot
  • Home fronts a canal
  • Property is zoned R-1A - Key Colony Single Family

Home Design

  • Frame Construction
  • Tile Roof

Interior Spaces

  • 1,392 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Double Hung Windows
  • Sliding Doors
  • Tile Flooring
  • Canal Views
  • Complete Accordion Shutters

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Automatic Garage Door Opener
  • Off-Street Parking

Pool

  • In Ground Pool
  • Spa
  • Fiberglass Pool

Outdoor Features

  • Seawall
  • Balcony
  • Patio
  • Lanai

Utilities

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

Community Details

  • No Home Owners Association
  • Key Colony Bch 2Nd Addn Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 7
  • Assessor Parcel Number 00077260-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,963

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 54.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3962.55
  • Vehicle Storage: Attached, Off Street Parking, Garage, Auto Door Opener
  • Vehicle Storage Cars: 2
  • Year Built: 1998
  • Alternate Key Number: 1082996
  • Building Style Stilt Column Height: Short - 4Ft & Under
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 8250.00
  • Pool Info: Fiberglass, In Ground
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Accordion, Panel
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 1392.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Washer, Refrigerator, Range, Oven, Freezer, Dryer, Disposal
  • Floor: Tile
  • Windows/Doors: Double Hung Windows, Sliding Glass Doors
  • Appliances Other: 2nd Refrigerator
  • Total Bedrooms: 3

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Hot Tub, Lanai
  • Roof: Tile Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify, Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE-7
  • Parcel Number: 00077260-000000
  • Lot Size: 75' x 110'
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 10, 2019
Sold by
Jchp Llc
Bought by
Lackey Ron J and Lackey Joely K
Current Estimated Value
$1,505,484

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$455,000
Outstanding Balance
$395,018
Interest Rate
3.7%
Mortgage Type
New Conventional
Estimated Equity
$1,110,467

Purchase Details

Closed on
Oct 6, 2014
Sold by
Lackey Ronald and Lackey Joely
Bought by
Jchp Llc

Purchase Details

Listed on
May 1, 2013
Closed on
Jan 15, 2014
Sold by
Young Joellen
Bought by
Lackey Ronald and Lackey Joely
Seller's Agent
William Gustafson
Key Colony Beach Realty
Buyer's Agent
Karen Raspe
Island Breeze Realty, LLC
List Price
$699,000
Sold Price
$620,000
Premium/Discount to List
-$79,000
-11.3%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.65%
Original Mortgage
$496,000
Interest Rate
2.99%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jul 3, 2007
Sold by
Young Joellen and Gustafson William C
Bought by
Young Joellen and Joellen Young Revocable Trust

Purchase Details

Closed on
Mar 10, 1998
Sold by
Ellison William L and Ellison Rosemarie
Bought by
Young Joellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$216,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 2, 1997
Sold by
Albritton Lawrence E and Albritton Katherine
Bought by
Ellison William L and Ellison Rosemarie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$88,000
Interest Rate
7.52%

Purchase Details

Closed on
Feb 1, 1991
Bought by
Jchp Llc

Purchase Details

Closed on
Mar 1, 1987
Bought by
Jchp Llc

Purchase Details

Closed on
Aug 1, 1981
Bought by
Jchp Llc
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
Lackey Ron J -- Fidelity National Title
Jchp Llc -- Attorney
Lackey Ronald $620,000 Attorney
Young Joellen -- Attorney
Young Joellen $369,000 --
Ellison William L $98,000 --
Jchp Llc $36,100 --
Jchp Llc $60,000 --
Jchp Llc $31,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lackey Ron J $455,000
Previous Owner Lackey Ronald $496,000
Previous Owner Ellison William L $180,000
Previous Owner Ellison William L $216,000
Previous Owner Ellison William L $88,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/15/2014 01/15/14 Sold $620,000 -11.3% $445 / Sq Ft
11/22/2013 11/22/13 Pending -- -- --
05/01/2013 05/01/13 For Sale $699,000 -- $502 / 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 $9,708 $1,187,118 $907,500 $279,618
2024 $9,163 $1,073,815 $862,125 $211,690
2023 $9,163 $1,068,078 $862,125 $205,953
2022 $8,055 $881,037 $643,500 $237,537
2021 $7,290 $681,677 $462,000 $219,677
2020 $6,627 $638,107 $429,000 $209,107
2019 $6,649 $639,961 $424,875 $215,086
2018 $6,752 $753,533 $505,313 $248,220
2017 $5,780 $607,210 $0 $0
2016 $5,416 $524,951 $0 $0
2015 $5,772 $557,257 $0 $0
2014 $4,453 $449,752 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 561052

Florida Keys Board of REALTORS®

APN: 00077260-000000