NOT LISTED FOR SALE

82236 Overseas Hwy Unit 7 Islamorada, FL 33036

Estimated Value: $564,694 - $692,000

2 Beds
2 Baths
616 Sq Ft
$533/mo HOA Fee

Last Sold February 03, 2021

Last sale price $420,000 $682 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,303/month

254 Days on Market

Highlights

  • Boat Ramp
  • Dock made with concrete
  • Boat Slip
  • Plantation Key School Rated A-
  • Property Fronts a Bay or Harbor
  • 1-minute walk to Founders Park

About This Home

As of February 2021

WEEKLY RENTALS W/BOAT DOCKAGE-Great Investment Property with transient zoning license. This Bayside 2 Bedroom 2 Bath Updated Condo on 2nd Floor is located right in the Heart of Islamorada near great restaurants, entertainment, and shopping. Enjoy year round spectacular sunsets! HOA includes Boat Basin, 1 boat slip in Marina to accommodate up to 26' boat for each unit, boat ramp, and storage, plus laundry room in building.

Last Agent to Sell the Property

Silvestri Team Jeanette & Janessa Silves

Coldwell Banker Schmitt Key Largo License #3258182 Listed on: 02/11/2020

Coldwell Banker Schmitt Key Largo

Last Buyer's Agent

Sean Barrett

Oasis Real Estate, LLC License #3464074

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,272

Year Built

  • Built in 1953

Lot Details

  • Property Fronts a Bay or Harbor

HOA Fees

  • $533 Monthly HOA Fees

Parking

  • 2 Parking Spaces

Home Design

  • Concrete Roof

Interior Spaces

  • 616 Sq Ft Home
  • Ceiling Fan
  • Shutters

Kitchen

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

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Boat Slip
  • Dock made with concrete

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00399861-000700

Community Details

Overview

  • Association fees include building insurance, common area mnt
  • Strattons Subdivision

Recreation

  • Boat Ramp
  • Boat Dock

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,272

Year Built

Built in 1953

Lot Details

0

HOA Fees

$533 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: Yes
  • Association Fee: 1600.00
  • Mandatory HOA: Yes
  • Control Depth: 3
  • Dockage Dock: Concrete
  • Fee Includes: Building Insurance, Common Area Mnt
  • Key Island: Upper Matecumbe Key Islamorada
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 82.50
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Community Dockage
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3271.85
  • Vehicle Storage: Trailer Storage
  • Vehicle Storage Cars: 2
  • Year Built: 1953
  • Alternate Key Number: 9093618
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 616.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Unit Complex: Complex
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Granite Counter Top, Window Treatments
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Microwave, Dryer
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: Boat Slip
  • Waterfront: Bay Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Concrete Roof
  • Waterview: No Waterview

Utilities

  • Utilities: Cable Available, Water Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,VE,0.2 PCT ANN
  • Parcel Number: 00399861-000700
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 11, 2020
Closed on
Feb 3, 2021
Sold by
Overseas Highway Investments Llc
Bought by
Barrett Sean R
Seller's Agent
Silvestri Team Jeanette & Janessa Silves
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Sean Barrett
Oasis Real Estate, LLC
List Price
$491,000
Sold Price
$420,000
Premium/Discount to List
-$71,000
-14.46%
Current Estimated Value
$643,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$223,674
Avg. Annual Appreciation
9.51%
Original Mortgage
$38,500
Outstanding Balance
$34,452
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$609,222

Purchase Details

Listed on
Feb 11, 2020
Closed on
Feb 1, 2021
Sold by
Overseas Highway Investments Llc
Bought by
Katz David L
Seller's Agent
Silvestri Team Jeanette & Janessa Silves
Coldwell Banker Schmitt Key Largo
Buyer's Agent
Sean Barrett
Oasis Real Estate, LLC
List Price
$491,000
Sold Price
$420,000
Premium/Discount to List
-$71,000
-14.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$38,500
Outstanding Balance
$34,452
Interest Rate
2.73%
Mortgage Type
New Conventional
Estimated Equity
$609,222

Purchase Details

Listed on
Nov 24, 2014
Closed on
Apr 7, 2016
Sold by
Cowart Mccoy and Cowart Doyle Mccoy
Bought by
Overseas Hwy Property Llc
Seller's Agent
Mari Crossen Joiner, Realtor, BS, CAM
Better Homes and Gardens Real Estate Destinations
Buyer's Agent
Mari Crossen Joiner
Ocean Bay Realty of the Keys
List Price
$325,000
Sold Price
$212,000
Premium/Discount to List
-$113,000
-34.77%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.27%
Original Mortgage
$148,400
Interest Rate
5.5%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 15, 2011
Sold by
Cowart Douglass Mccoy
Bought by
Cowart Douglass Mccoy and Cowart Doyle Mccoy

Purchase Details

Closed on
Dec 8, 2009
Bought by
Overseas Hwy Property Llc

Purchase Details

Closed on
Dec 7, 2009
Sold by
Cowart Doyle Mccoy and Cowart Douglass Mccoy
Bought by
Cowart Douglass Mccoy

Purchase Details

Closed on
Jan 9, 2009
Sold by
Sunset Bay Partners and Holzman Bernard H
Bought by
Cowart Douglas M and Cowart Doyle M
Source: Public Records

Range of Values:

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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
Barrett Sean R $420,000 Coral Reef Title Company
Katz David L $420,000 Coral Reef Title Company
Overseas Hwy Property Llc $212,000 None Available
Cowart Douglass Mccoy -- None Available
Overseas Hwy Property Llc $100 --
Cowart Douglass Mccoy -- Attorney
Cowart Douglas M -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Barrett Sean R $38,500
Open Barrett Sean R $288,750
Closed Katz David L $294,000
Previous Owner Overseas Hwy Property Llc $148,400
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/03/2021 02/03/21 Sold $420,000 0.0% $682 / Sq Ft
10/03/2020 10/03/20 Off Market $420,000 -- --
06/05/2020 06/05/20 Price Changed $485,000 -1.2% $787 / Sq Ft
02/11/2020 02/11/20 For Sale $491,000 +47.7% $797 / Sq Ft
02/15/2017 02/15/17 Sold $332,500 -24.4% $540 / Sq Ft View Prior Sale
01/22/2017 01/22/17 Pending -- -- --
08/15/2016 08/15/16 For Sale $439,900 +107.5% $714 / Sq Ft
04/13/2016 04/13/16 Sold $212,000 -34.8% $364 / Sq Ft View Prior Sale
01/17/2016 01/17/16 Pending -- -- --
11/24/2014 11/24/14 For Sale $325,000 -- $558 / 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 $4,249 $408,137 -- $408,137
2023 $4,249 $408,137 $0 $408,137
2022 $4,069 $384,388 $0 $384,388
2021 $3,709 $328,974 $0 $328,974
2020 $3,567 $328,974 $0 $328,974
2019 $3,272 $276,619 $0 $276,619
2018 $3,262 $276,619 $0 $0
2017 $1,411 $90,094 $0 $0
2016 $1,433 $90,094 $0 $0
2015 $1,415 $90,094 $0 $0
2014 $1,427 $90,094 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 589722

Florida Keys Board of REALTORS®

APN: 00399861-000700