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$675,000
3920 Louisa Street
Marathon, FL 33050
MLS# 603170
Status: Closed
4 beds  |  3 baths  |  3220 sqft
3920 Louisa Street, Marathon, FL 33050
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3920 Louisa Street, Marathon, FL 33050 Property outline is an approximation done without the benefit of a survey and is not to be relied upon. Buyer must verify. 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 Property outline is an approximation done without the benefit of a survey and is not to be relied upon. Buyer must verify. 3920 Louisa Street, Marathon, FL 33050 Property outline is an approximation done without the benefit of a survey and is not to be relied upon. Buyer must verify. 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 Property outline is an approximation done without the benefit of a survey and is not to be relied upon. Buyer must verify. 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 back of lot back of lot rear of front building rear of front building rear of front building 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050 Property on Louisa St, not Gulfview Ave. 3920 Louisa Street, Marathon, FL 33050 3920 Louisa Street, Marathon, FL 33050

Property Description
Redevelopment opportunity with THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses for this redevelopment opportunity. According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, schools & shopping. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: 'https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning '

Details
Maps
Documents
Contract Information
Current Price: $675,000
Listing Date: 2022-11-21
Listing Board: Key West Association
Sold Price: $675,000
As is Rght to Inspct: Yes
Potential Short Sale: No
Bank Owned: No
Location, Tax & Legal
Street #: 3920
Street Name: Louisa
Street Suffix: Street
Key/Island: Marathon
State/Province: FL
Zip Code: 33050
County: Monroe
Subdivision: Marathon Beach (49.0)
Mile Marker: 49
Area: 13 - 7 Mile Bridge to Sombrero Bch Rd E & W
Marathon Neighborhood: Old Town East (25th to Sombrero)
Side: Bay/Gulf
Flood Zone: AE,AE
Alternate Key #: 1415014
Parcel #: 00337360-000000
Zoning: MU - Mixed Use Commercial Mixed Use
Deed Restrictions: Unknown
Legal: BK 5 LT 12 MARATHON BEACH PB2-21 OR457-967 OR1180-1766 OR1206-1908D/C OR1243-2064 OR2102-1406ORD OR2102-1407/10WILL OR21
Taxes: 5586.75
Tax Year: 2022
Pub Sewer HkUp: No
General Property Description
Realtor.COM Type: Multi-family
Style: Multi-Units
Waterfront: No
Pool: No
Year Built: 1975
Total Units: 3
Lot Size: 200 X 50
Lot SqFt: 10000
Acres: 0.23
Living Apx SqFt: 3220
SqFt Source: Tax Records
Total Bedrooms: 4
Full Baths: 3
Total Baths: 3
Rentals Allowed: With Restrictions
Remarks & Misc
Remarks – Consumer: Redevelopment opportunity with THREE building rights (a.k.a. ROGO's), and possibly a 4th on a 10,000 sq ft lot in area that is being revitalized. MU zoning allows a multitude of uses for this redevelopment opportunity. According to the MLS, a same sized lot in MU zoning with ZERO building rights recently closed in Marathon for $246K & a single building right just closed in a separate transaction for $200K. Do the math. Located Gulfside just off of US Hwy 1 & close to newly renovated Baptist Fisherman's Hospital, Marathon Community Park, Marathon Airport, plus marinas, schools & shopping. Building has been deemed unsafe by City of Marathon & must be demo'd by buyer. DO NOT attempt to enter building. Once demo'd, you will be starting with a clean slate. This is an estate sale, building & lot being sold As Is. There will be no repair & no clean up by sellers. Currently three ROGO's recognized & Seller working with City of Marathon to confirm 4th. Refer to link for zoning details: 'https://library.municode.com/search?stateId=9&clientId=12861&searchText=zoning '
Directions: From US Hwy 1, turn onto 39th St. (Gulf Side). Go to first stop sign, Turn right onto Louisa St. Property on left. **Bear in mind, Google maps calls this road Gulfview Ave and not Louisa St.*
Status Change Info
Sold Date: 2023-07-14
Sold Price: $675,000
Sold Comments: Thanks Shannon!
Status: Closed
Association Info
Mandatory Home Owners Asc: No
1st Right of Refusal: No
Building Style
Above Flood: Unknown
Stories: 2 Stories
Vehicle Storage
Car(s): 4+
Financial Status
Auction: No
Bank Owned: No
Potential Short Sale: No
Standard Sale: Yes
Property Features
Fee Includes: None
Tax Exemptions: None
Waterfront: None
Waterview: No Waterview
Dockage: None
Property Condition: Fixer Upper
Vehicle Storage: Off Street Parking
Utilities: Buyer to Verify; Sewer Available
Appliances: No Appliances
Construction: Concrete
Pets: Pets Allowed
Land Size: Less Than 1/4 Acre
Title: Title Ins - Buyer

Listing Office: Berkshire Hathaway Knight & Gardner

Last Updated: July - 14 - 2023

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Broker Attribution: 305-294-5155
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