NOT LISTED FOR SALE

Estimated Value: $803,348 - $1,008,000

2 Beds
2 Baths
1,185 Sq Ft
$761/Sq Ft Est. Value

Last Sold April 28, 2023

Last sale price $860,000 $726 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $5,317/month

83 Days on Market

Highlights

  • Airstrip
  • Beach
  • Home fronts a canal
  • Coral Shores High School Rated A
  • Boat Slip
  • Cathedral Ceiling

About This Home

As of April 2023

Island Life on 7th Street in Key Colony Beach is fully enjoyed by those who visit &/or live here. Is it the 175 - 200 ft wide canal, deep water, manatee visits, ''boardwalk'' or just the great people? You can decide when you see this beautifully updated 2 bedroom gem. Such a great kitchen, designed with quartz counters and lots light wood cabinets, pantry, stainless appliances, the lighting and skylight keep it bright for entertaining. Both bedrooms are BIG with skylights & room for office &/or reading area. Enjoy the open water views from the sliders of open living room. Nothing but relaxation and enjoyment on the paved patio or composite dock. Yes, this is what island life in Key Colony is all about!

Last Agent to Sell the Property

Karen Raspe, PA

Ocean Sotheby's International License #3226605 Listed on: 01/12/2023

Ocean Sotheby's International

Co-Listed By

Tracy Chacksfield

Berkshire Hathaway HomeServices Keys Real Estate License #SL3510758

Last Buyer's Agent

April Struhs

Coldwell Banker Schmitt Key Largo License #3421340

Coldwell Banker Schmitt Key Largo

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,046

Year Built

  • Built in 1959 | Remodeled

Lot Details

  • 3,425 Sq Ft Lot
  • Home fronts a canal

Parking

  • Off-Street Parking

Home Design

  • Half Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,185 Sq Ft Home
  • Partially Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Single Hung Windows
  • Sliding Doors
  • Tile Flooring
  • Canal Views
  • Monitored

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Quartz Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Airstrip
  • Seawall
  • Boat Slip
  • Dock made with Composite Material
  • Patio

Location

  • Ground Level

Utilities

  • Central Air
  • Heating Available
  • Public Hookup Available For Sewer
  • Community Sewer or Septic
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00078280-000100

Community Details

Overview

  • No Home Owners Association
  • Key Colony Bch Yacht Subdivision

Recreation

  • Beach
  • Tennis Courts

Pet Policy

  • Pets Allowed

Security

  • Complete Accordion Shutters

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,046

Year Built

Built in 1959 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Half Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 6
  • Dockage Dock: Composite
  • Dockage Dock Length: 30
  • Dockage Seawall: Concrete
  • Fee Includes: None
  • Key Island: Key Colony
  • Limited Representation: No
  • Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
  • Mile Marker: 53.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Tennis Courts, Airstrip, Beach
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5045.69
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking
  • Year Built: 1959
  • Alternate Key Number: 1084034
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 3425.00
  • Porch Balcony: Patio
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1185.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Cathedral Ceilings, Dade County Pine, Quartz Countertops, Bar, Window Treatments, Pantry
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Slip
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Tar/Gravel Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: Patrolled Area
  • Utilities: FKAA, Cable Available, Buyer to Verify, Community Swr Plant
  • Heating: Electric

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00078280-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.02

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Partially

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 12, 2023
Closed on
Apr 28, 2023
Sold by
Shaffer Richard D and Shaffer Donna J
Bought by
Madden Lauren and Madden Charles R
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
April Struhs
Coldwell Banker Schmitt Key Largo
List Price
$867,000
Sold Price
$860,000
Premium/Discount to List
-$7,000
-0.81%
Views
104
Current Estimated Value
$873,382

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$13,382
Avg. Annual Appreciation
0.78%

Purchase Details

Listed on
Jan 12, 2023
Closed on
Apr 7, 2023
Sold by
Nelson P Hover Revocable Trust
Bought by
Shaffer Richard D and Shaffer Donna J
Seller's Agent
Karen Raspe, PA
Ocean Sotheby's International
Buyer's Agent
April Struhs
Coldwell Banker Schmitt Key Largo
List Price
$867,000
Sold Price
$860,000
Premium/Discount to List
-$7,000
-0.81%
Views
104

Purchase Details

Closed on
Mar 19, 2003
Sold by
Hover Gregory P
Bought by
Shaffer Richard D and Shaffer Donna J

Purchase Details

Closed on
Dec 15, 1994
Sold by
Hover Nelson P
Bought by
Hover Nelson P
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
Madden Lauren $860,000 None Listed On Document
Shaffer Richard D -- None Listed On Document
Shaffer Richard D -- --
Hover Gregory P -- --
Hover Nelson P -- --
Hover Nelson P -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Shaffer Richard D $125,000
Previous Owner Shaffer Richard D $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/28/2023 04/28/23 Sold $860,000 -0.8% $726 / Sq Ft
04/05/2023 04/05/23 Pending -- -- --
01/12/2023 01/12/23 For Sale $867,000 -- $732 / 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 $5,912 $726,519 $513,238 $213,281
2023 $5,912 $700,246 $459,140 $241,106
2022 $5,256 $592,244 $404,529 $187,715
2021 $4,607 $413,133 $247,150 $165,983
2020 $4,198 $386,230 $229,066 $157,164
2019 $4,335 $405,375 $244,136 $161,239
2018 $3,815 $361,616 $235,094 $126,522
2017 $3,967 $410,527 $0 $0
2016 $3,691 $345,432 $0 $0
2015 $3,496 $339,768 $0 $0
2014 $3,317 $315,733 $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: 603772

APN: 00078280-000100