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Key Colony Beach 33051
191 3RD Street
$678,000
● House - Off Market

191 3RD Street

Key Colony Beach, FL 33051
bedrooms
2 Beds
bathrooms
1 Bath
square feet
634 Ft²
$754,668
RealtyHop Estimate
10.17%
Since Jan 1, 2022
National-US
Primary Model

About This Property

**Address is 191 3rd Stret KEY COLONY BEACH, FL 33051**  Deep water canal, private pool, tropical landscaping; paradise awaits.  This 2 bedroom 1 bath has been fully updated in the last 5 years including Roof, HVAC ('20), Pool ('16), Dock with composite decking, Pool Heater, Electrical system, plumbing and sewer, and tiki (2018).  Home has been used as a vacation rental for the last 5 years and produces $60k+ per year in revenue, 2022 bookings can transfer to the new owner. This revenue generating home is turn key from renters to cleaners or make this your own private getaway. Owner is Licensed FL Realtor. Some pictures are from previous rental listing marketing and slight changes have occured.
Unit Size
634 Ft²
Days on Market
-
Land Size
-
Price per sqft
$1,080
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1958

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 2 years ago (Real MLS #1140412)

Price History

Date / Event Date Event Price
Dec 27, 2021 Sold
Premium
Sold
Nov 8, 2021 Listed by RIVER CITY RENTALS AND REALTY $685,000
Listed by RIVER CITY RENTALS AND REALTY
Apr 8, 2016 Sold
Premium
Sold
Dec 2, 2015 Sold
Premium
Sold

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1958
  • Effective Year Built: 2013
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Condition: 6
  • Building Quality: 7
  • Construction Type: 4
  • Building Style: 0
  • Exterior Walls Type: 7
  • Interior Walls Type: 3
  • Roof Shape Type: 6
  • Roof Cover Type: 14
  • Floor Count: 100
  • Living Units: 1
  • Floor Cover: 2
  • Basement Type: 0
  • Basement Area: 0
  • Garage Type: 7
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 102
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 3,085
  • Total Building Area: 634
  • Gross Building Area: 634
  • Building Area: 634
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 13
  • Heating: 4
  • Heated Square Feet: 634
  • Heating Fuel Type: 0

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: KEY COLONY BEACH
  • Land Acres: 0000000071
  • Standard Land Use Code: 1001
  • County Land Use Code: 0100
  • State Land Use Code: 001
  • Legal Description 1: BK 3 NLY PORTION LOT 5 AND ADJ BAYBOTTOM KEY COLONY BEACH PB3-120 SHELTER KEY OR485-202 OR1373-1946 OR1373-1947 OR1373-1948 OR1380-1563 OR1380-1565 OR1380-1566 OR1380-1567 OR2149-1464 OR2771-2092 OR2792-182 OR3145-0696 OR3145-698

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 971001

Zoning

  • Zoning: INC

Geography

  • Account Number: 1076767
  • Parcel: 00072710-000000
  • Block: 5
  • Lot: 5
  • Meridian: SEC 04 TWN 66S RNG 33E
  • Municipality: CITY OF KEY COLONY BEACH
  • Latitude: 24.7221
  • Longitude: -81.0149

    Address

  • Full Address: 191 3rd St
  • Address - House Number: 191
  • Address - Street Name: 3rd
  • Address - Suffix Type: St
  • State: FL
  • City Name: Key Colony Beach
  • Zip Code: 33051

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $535,208
  • Tax Rate Code Area: 50KC

    Appraisal Valuation

  • Standard Deviation: 0.2043
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 72
  • Final Value: 830,861
  • High Value: 1,000,632
  • Low Value: 661,089

    Market Valuation

  • Market Total Value: $673,305
  • Market Land Value: $473,458
  • Market Improvement Value: $199,847

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $673,305
  • Assessed Land Value: $473,458
  • Assessed Improvements Value: $199,847

    Sales

  • Current Sale Contract Date: Dec 20, 2021
  • Current Sale Recording Date: Dec 27, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: 71
  • Current Sale Input Document Number: 2354314
  • Previous Sale Recording Date: Apr 08, 2016
  • Previous Sale Contract Date: Apr 08, 2016
  • Previous Sale Amount: $275,000
  • Previous Sale Document Type: 71
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Key Colony Beach

Stats & Trends

Median Asking:

$1,499,900

Sale Price/ft²

$820

Below Asking

0.03%

Average Days on Market

122

Average Home Size

1750 ft²

Average Home Age

42 years

Currently For Sale

14 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Rentals Near You

Click here to view more rentals in the neighborhood.
Real MLS

Listed by: AARON COOPER, RIVER CITY RENTALS AND REALTY
Last Updated: 2 years ago
Data Source: Real MLS, MLS# 1140412
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. Data is deemed reliable but is not guaranteed accurate by NEFMLS. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Frequently Asked Questions

When was property at 191 3rd Street built and last sold?
The property at 191 3rd Street was built in 1958 and last sold on Dec 20, 2021 for $678,000.
How much is this home worth?
The estimated value of the home located at 191 3rd Street is $0.
What are some comparable homes to 191 3rd Street?
There are currently no comparable homes to 191 3rd Street.
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