NOT LISTED FOR SALE

885 98th St Marathon, FL 33050

Estimated Value: $1,097,000 - $1,847,000

2 Beds
2 Baths
1,517 Sq Ft
$944/Sq Ft Est. Value

Last Sold July 21, 2016

Last sale price $353,850 $233 Per Sq Ft

Est. 305% increase in value since last sale

Current estimated payment $7,970/month

17 Days on Market

Highlights

  • Dock made with concrete
  • Home fronts a canal
  • Patio
  • Coral Shores High School Rated A
  • No HOA
  • Storage

About This Home

As of July 2016

Elevated Concrete Duplex on canal in Marathon. Two 1 bedroom units upstairs,downstairs has non conforming unit and lots of storage. Concrete dock with easy boating access to the Atlantic. Auction Property. Auction dates June 18-21.

Last Agent to Sell the Property

Dara Hoover

LoKation Real Estate License #679382 Listed on: 06/10/2016

LoKation Real Estate

Co-Listed By

Deb Bennett

LoKation Real Estate License #419141

Last Buyer's Agent

Dara Hoover

Island Paradise Properties

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,587

Year Built

  • Built in 1979

Lot Details

  • 5,220 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Duplex
  • Shingle Roof

Interior Spaces

  • 1,517 Sq Ft Home
  • Storage
  • Canal Views

Kitchen

  • Range
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • Open Parking
  • Off-Street Parking

Outdoor Features

  • Dock made with concrete
  • Patio

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00352390-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • J. L. Ribble Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,587

Year Built

Built in 1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Dockage Dock: Concrete
  • Fee Includes: None
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Marathon
  • Limited Representation: No
  • Mile Marker: 52.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5587.20
  • Vehicle Storage: Off Street Parking, Open Parking
  • Year Built: 1979
  • Alternate Key Number: 1430064
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 5220.00
  • Porch Balcony: Patio
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1517.00
  • Sewer Hook Up: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Floor: Other
  • Specialty Rooms: Other
  • Windows/Doors: Other Windows/Doors
  • Total Bedrooms: 2

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE8,AE9
  • Parcel Number: 00352390-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 21, 2018
Sold by
98Th Street Properties Inc
Bought by
Burns Jonathan Davidk and Burns Ruth Leal
Current Estimated Value
$1,432,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,326,220
Outstanding Balance
$3,646,996
Interest Rate
3.99%
Mortgage Type
FHA
Estimated Equity
-$2,214,329

Purchase Details

Listed on
Jun 10, 2016
Closed on
Jul 11, 2016
Sold by
Nationstar Mortgage Llc
Bought by
98Th Street Properties Inc
Seller's Agent
Dara Hoover
LoKation Real Estate
Buyer's Agent
Dara Hoover
Island Paradise Properties
List Price
$449,000
Sold Price
$353,850
Premium/Discount to List
-$95,150
-21.19%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.84%

Purchase Details

Closed on
Feb 2, 2016
Sold by
Stuhr Dale
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
Jan 23, 2015
Sold by
Stuhr Dale
Bought by
Nationstar Llc

Purchase Details

Closed on
Oct 30, 2006
Sold by
Stengel Arthur
Bought by
Stuhr Dale

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$904,000
Interest Rate
1.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 2002
Sold by
Kim M White I
Bought by
Stengel Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$415,800
Interest Rate
6.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 17, 1995
Sold by
White Thomas H and White Kim M
Bought by
White Kim M

Purchase Details

Closed on
Mar 1, 1985
Bought by
98Th Street Properties Inc

Purchase Details

Closed on
Mar 1, 1982
Bought by
98Th Street Properties Inc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Burns Jonathan Davidk $472,500 Attorney
98Th Street Properties Inc $353,900 None Available
Nationstar Mortgage Llc -- None Available
Nationstar Llc -- None Available
Stuhr Dale $1,130,000 Attorney
Stengel Arthur $462,000 --
White Kim M -- --
98Th Street Properties Inc $264,000 --
98Th Street Properties Inc $140,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burns Jonathan Davidk $4,326,220
Previous Owner Stuhr Dale $904,000
Previous Owner Stengel Arthur $423,750
Previous Owner Stengel Arthur $415,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/21/2016 07/21/16 Sold $353,850 -21.2% $233 / Sq Ft
06/27/2016 06/27/16 Pending -- -- --
06/10/2016 06/10/16 For Sale $449,000 -- $296 / 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 $6,630 $730,160 -- --
2024 $6,367 $745,058 -- --
2023 $6,367 $726,690 $0 $0
2022 $5,690 $572,628 $0 $0
2021 $5,551 $521,578 $258,177 $263,401
2020 $4,961 $413,548 $137,203 $276,345
2019 $4,991 $417,032 $133,977 $283,055
2018 $4,644 $406,999 $129,138 $277,861
2017 $4,253 $356,895 $0 $0
2016 $4,049 $324,520 $0 $0
2015 $5,587 $417,418 $0 $0
2014 $6,595 $426,145 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Dara Hoover

    LoKation Real Estate

    Section Image

  • D

    Seller Co-Listing Agent in 2016

    Deb Bennett

    LoKation Real Estate

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 571141

Florida Keys Board of REALTORS®

APN: 00352390-000000

Florida Monroe County Marathon 33050

885 98th St, Marathon, FL

Not Listed for Sale

MultiFamily

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