NOT LISTED FOR SALE

721 W Ocean Dr Unit 10 Key Colony Beach, FL 33051

Estimated Value: $316,161 - $633,000

2 Beds
1.5 Baths
971 Sq Ft
$500/mo HOA Fee

Last Sold April 17, 2014

Last sale price $235,000 $242 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $3,409/month

9 Days on Market

Highlights

  • Ocean Front
  • Sandy Beach
  • Balcony
  • Coral Shores High School Rated A
  • In Ground Pool
  • Jalousie or louvered window

About This Home

As of April 2014

Two bedroom unit in desirable Key Colony Beach with great views of the Ocean from the porch. This complex allows 2 pets, with no weight restrictions. This is a Fannie Mae HomePath property, approved for both Renovation and Mortgage financing. Purchase for as little as 5% down. Property in ''First Look'' period for first 20 days of listing. Primary owners offers only.

Last Listed By

Lea Ruesch

Coldwell Banker Schmitt Real Estate Co. License #3067152 Listed on: 02/24/2014

Coldwell Banker Schmitt Real Estate Co.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,659

Year Built

  • Built in 1964

Lot Details

  • Ocean Front
  • Sandy Beach

HOA Fees

  • $500 Monthly HOA Fees

Home Design

  • Tar and Gravel Roof

Interior Spaces

  • 971 Sq Ft Home
  • Jalousie or louvered window
  • Sliding Doors
  • Ocean Views
  • Monitored

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Guest Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • In Ground Pool
  • Pool Deck

Outdoor Features

  • Balcony
  • Tiki or Chickee Hut

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00078480-000000

Community Details

Overview

  • Association fees include bldg exterior mnt, sewer, common area mnt, cable, building insurance
  • 22 Units
  • Stevens Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed
  • Pet Restriction: 2 no weight restrict

Security

  • Complete Accordion Shutters

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,659

Year Built

Built in 1964

Lot Details

0

HOA Fees

$500 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • Association Fee: 500.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Sewer, Common Area Mnt, Cable, Building Insurance
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key Colony
  • Limited Representation: No
  • Mile Marker: 53.50
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Pets W Restrictions: 2 no weight restrict
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Ocean
  • State Province: FL
  • Taxes: 2658.96
  • Title: Title Ins - Seller
  • Vehicle Storage: Assigned Parking, Off Street Parking, Guest Parking
  • Year Built: 1964
  • Alternate Key Number: 1084701
  • Cooling Heating: Wall/Window Unit(s)
  • Pool Info: Decked, In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 971.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Floor Number: 2.00
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Carpet, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Glass Doors, Jalousie Windows
  • Total Bedrooms: 2
  • Accessibility Features: None
  • Sq Ft Remarks: BUYER TO VERIFY

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Chickee Hut, Sandy Beach
  • Roof: Tar/Gravel Roof
  • Waterview: Ocean View
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE 9
  • Parcel Number: 00078480-000000
  • Land Size: 1 Less Than 2 Acres

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Multi Family

  • Total Units: 22.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2014
Closed on
Apr 18, 2014
Sold by
Federal National Mortgage Association
Bought by
Merrifield Jerry D and Merrifield Jeannie M
Seller's Agent
Lea Ruesch
Coldwell Banker Schmitt Real Estate Co.
Buyer's Agent
Sam Williams
Coldwell Banker Schmitt Real Estate Co.
List Price
$235,000
Sold Price
$235,000
Total Days on Market
9
Current Estimated Value
$504,540

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$269,540
Avg. Annual Appreciation
7.07%
Original Mortgage
$223,250
Interest Rate
4.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 30, 2013
Sold by
Wittmer Gerald and Case #44-2013-Ca-000029-M
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Oct 16, 2013
Sold by
Wittmer Gerald
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Jan 3, 2013
Sold by
Vander Laan Richard D and Vander Laan Janis E
Bought by
Wittmer Gerald E

Purchase Details

Closed on
Apr 18, 2007
Sold by
Gill William L and Gill Sally
Bought by
Wittmer Gerald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,307
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 12, 2007
Sold by
Gill Sally
Bought by
Gill William L and Gill Sally

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,307
Interest Rate
6.1%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 1, 1991
Bought by
Merrifield Jerry D and Merrifield Jeannie M

Purchase Details

Closed on
Dec 1, 1986
Bought by
Merrifield Jerry D and Merrifield Jeannie M

Purchase Details

Closed on
Nov 1, 1982
Bought by
Merrifield Jerry D and Merrifield Jeannie M

Purchase Details

Closed on
Feb 1, 1978
Bought by
Merrifield Jerry D and Merrifield Jeannie M

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
Merrifield Jerry D $235,000 Buyers Title Inc
Federal National Mortgage Association -- None Available
Federal National Mortgage Association -- None Available
Wittmer Gerald E -- None Available
Wittmer Gerald $362,700 Attorney
Gill William L -- Attorney
Merrifield Jerry D $127,000 --
Merrifield Jerry D $100,000 --
Merrifield Jerry D $83,500 --
Merrifield Jerry D $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Merrifield Jerry D $223,250
Closed Merrifield Jerry D $223,250
Previous Owner Wittmer Gerald $36,307
Previous Owner Wittmer Gerald $290,100
Previous Owner Gill William L $290,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2014 04/17/14 Sold $235,000 0.0% $242 / Sq Ft
03/05/2014 03/05/14 Pending -- -- --
02/24/2014 02/24/14 For Sale $235,000 -- $242 / 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 $1,330 $131,492 -- $131,492
2023 $1,330 $131,492 $0 $131,492
2022 $1,291 $131,492 $0 $131,492
2021 $1,220 $115,565 $0 $115,565
2020 $1,180 $115,565 $0 $115,565
2019 $773 $69,339 $0 $69,339
2018 $1,795 $184,904 $0 $0
2017 $2,544 $231,130 $0 $0
2016 $2,637 $231,130 $0 $0
2015 $2,589 $226,850 $0 $0
2014 $2,615 $223,330 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lea Ruesch

    Seller's Agent in 2014

    Lea Ruesch

    Coldwell Banker Schmitt Real Estate Co.

    (305) 393-1843

    13 Total Sales

    Lea Ruesch
    Section Image
  • Sam Williams

    Buyer's Agent in 2014

    Sam Williams

    Coldwell Banker Schmitt Real Estate Co.

    (305) 289-6532

    651 Total Sales

    Sam Williams
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 563572

Florida Keys Board of REALTORS®

APN: 00078480-000000

Florida Monroe County Key Colony Beach 33051

721 W Ocean Dr Unit 10, Key Colony Beach, FL

Homes for Sale in Key Colony Beach, FL

This home is located at 721 W Ocean Dr Unit 10, Key Colony Beach, FL 33051 since 24 February 2014 and is currently estimated at $504,540, approximately $519 per square foot. This property was built in 1964. 721 W Ocean Dr Unit 10 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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