610 12Th, Marathon, FL 33050 (MLS# 600053)

610 12Th, Marathon, FL 33050

$2,700,000

Virtual Tour

https://view.paradym.com/idx/610-12Th-Marathon-FL-33050/4710118

Property Type: Residential Bedrooms: 8 Baths: 6 Square Footage: 3,498 Lot Size (sq. ft.): 25,894 Status: Closed

Current Price: $2,700,000 List Date: 5/28/2022 Last Modified: 9/01/2024

Description

Development opportunity. Seller Financing Offered. Min 35% down. Seller will hold up to 5 years at 5%. 4 TBR's ( Transferable Building Rights ) convey with property, Point lot on 12th st Gulf Side, Endless unobstructed views, Approx 305 ft of seawall. Can also rent all 4 units as is, potentially about 10k per month in rent here enough to service the principal and interest payment. Could be Waterfront employee compound, 4 air bb's, etc, Weekly rentals are allowed, No HOA!

More Information MLS# 600053

Contract Information

Listing Board: Marathon/Lower Keys As is Rght to Inspct: Yes Potential Short Sale: No Bank Owned: No Species List: No Current Price: $2,700,000 Listing Date: 2022-03-09 Sold Price: $2,700,000

Location, Tax & Legal

City: MARATHON Off Shore Island: No Mile Marker: 48 Marathon Neighborhood: Old Town West (11th to 25th) Side: Bay/Gulf Flood Zone: VE11, VE12 Alternate Key #: 8643853 Add'l Parcel #1: 00101580-000100 Parcel #: 00101580-000200 Zoning: RM - Residential Medium Deed Restrictions: Unknown Legal: 8 66 32 HOG KEY PT LOT 1 Taxes: 14010 Tax Year: 2021 Pub Sewer HkUp: Yes Street #: 610 Street Name: 12Th Key/Island: Marathon State/Province: FL Zip Code: 33050 County: Monroe Subdivision: Halls Sub (48.0) Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W

General Property Description

Realtor.COM Type: Multi-family Waterfront: Yes Control Depth: 4 Lot SqFt: 25894 Pool: Yes Total Units: 4 Acres: 0.36 SqFt Source: Property Data Card Rentals Allowed: Yes Min Rental Days: 7 Style: Multi-Units Year Built: 1976 Living Apx SqFt: 3498 Total Bedrooms: 8 Full Baths: 6 Total Baths: 6

Remarks & Misc

Remarks – Consumer: Development opportunity. Seller Financing Offered. Min 35% down. Seller will hold up to 5 years at 5%. 4 TBR's ( Transferable Building Rights ) convey with property, Point lot on 12th st Gulf Side, Endless unobstructed views, Approx 305 ft of seawall. Can also rent all 4 units as is, potentially about 10k per month in rent here enough to service the principal and interest payment. Could be Waterfront employee compound, 4 air bb's, etc, Weekly rentals are allowed, No HOA! Directions: From US1 turn onto 12th Street Gulf. Property is at end of the road.

Association Info

Mandatory Home Owners Asc: No 1st Right of Refusal: No Association Fee $: 0

Fee Includes

None: 1

Dockage

Dock Length: 265 Dock: Concrete Seawall: Concrete

Tax Exemptions

None: 1

Appliances

Oven: 1 Range: 1 Refrigerator: 1

Pets

Pets Allowed: 1

Cooling

Ceiling Fans(s): 1

Waterfront

Bay Front: 1 Gulf Front: 1 Open Water: 1

Waterview

Bay/Gulf View: 1 Open Water View: 1

Building Style

Above Flood: No Single Wide: 1

Vehicle Storage

Car(s): 4+ Guest Parking: 1 Open Parking: 1 Off Street Parking: 1 Trailer Storage: 1

Construction

Manufactured: 1

Land Size

1/4 - 1/2 Acre: 1

Utilities

Elect Separate Meter: 1 FKAA: 1 Municipal Sewer: 1 Water Separate Meter: 1

Porch/Balcony

Deck: 1

Exterior Features

Chickee Hut: 1 Fencing: 1

Pool Info

In Ground: 1

Roof

Other Roof: 1

Financial Status

Auction: No Bank Owned: No Potential Short Sale: No Standard Sale: Yes

Status Change Info

Sold Date: 2022-09-16 Sold Price: $2,700,000 Status: Closed

Property Features

Fee Includes: None Tax Exemptions: None Waterfront: Bay Front; Gulf Front; Open Water Waterview: Bay/Gulf View; Open Water View Building Style: Single Wide Vehicle Storage: Guest Parking; Off Street Parking; Open Parking; Trailer Storage Cooling: Ceiling Fans(s) Utilities: Elect Separate Meter; FKAA; Municipal Sewer; Water Separate Meter Appliances: Oven; Range; Refrigerator Exterior Features: Chickee Hut; Fencing Pool Info: In Ground Construction: Manufactured Roof: Other Roof Pets: Pets Allowed Land Size: 1/4 - 1/2 Acre

Listing Office: Coldwell Banker Schmitt Real Estate Co.

Last Updated: September - 01 - 2024

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