$422,000
SOLD MAY 3, 2019

1005 Watson St Unit 2 Key West, FL 33040

Old Town Neighborhood
2 Beds
1 Bath
534 Sq Ft
$299/mo HOA Fee

Recently Sold

$790 Per Sq Ft

15% Below List Price

151 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Shutters
  • Cathedral Ceiling
  • Granite Countertops
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of March 2022

Delightful Old Town Condo with two bedrooms and off-street parking! Living is easy in this ready-to-move-in charmer that is part of a small, 2-owner condo association. Warm woods, high ceilings, updated kitchen and bath, and light-filled rooms with French doors opening to several outdoor seating areas, including a secluded patio area bring the outdoors inside. This property has been lovingly maintained, including new Washer/Dryer in 2019, central A/C in 2017 and new decking/stairs in 2018. Spacious enough for full-time living and also perfect as a part-time, pied-a-terre you will love being centrally located with just a short stroll or bike ride to Duval Street, the White Street Gallery District, the beaches and the Historic Seaport. X flood zone too! Cash buyers can avoid monthly fee.

Last Agent to Sell the Property

Karen Lane

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3075559 Listed on: 11/12/2018

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Theo Glorie

Bicoastal Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,219

Year Built

  • Built in 1933 | Remodeled

HOA Fees

  • $299 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 534 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • French Doors
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Deck
  • Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00033270-000102

Community Details

Overview

  • Association fees include building insurance
  • Gwynn Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,219

Year Built

Built in 1933 | Remodeled

Lot Details

0

HOA Fees

$299 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Fee: 299.00
  • Mandatory HOA: Yes
  • Fee Includes: Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 2219.33
  • Vehicle Storage: Off Street Parking
  • Year Built: 1933
  • Alternate Key Number: 9081481
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Porch Balcony: Deck, Patio
  • Association Maintenance Fee Per: Monthly
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 534.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Built-in Cabinets, Granite Counter Top, Drapes/Blinds Incl, Cathedral Ceilings
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Dryer
  • Floor: Wood
  • Windows/Doors: French Doors
  • Total Bedrooms: 2
  • Accessibility Features: None

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00033270-000102
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 29, 2021
Closed on
Mar 1, 2022
Sold by
Washok Bernard M and Washok Michele M
Bought by
Waits Oakleigh
Seller's Agent
Wendy Zintsmaster
Truman & Co. (KW)
Buyer's Agent
Paul D'Antoni
Key West Sales, LLC
List Price
$575,000
Sold Price
$640,000
Premium/Discount to List
$65,000
11.3%
Current Estimated Value
$765,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,898
Avg. Annual Appreciation
5.24%
Original Mortgage
$666,328
Outstanding Balance
$629,586
Interest Rate
4.67%
Mortgage Type
New Conventional
Estimated Equity
$138,113

Purchase Details

Listed on
Nov 12, 2018
Closed on
May 7, 2019
Sold by
Frost Jeff R
Bought by
Washok Bernard M and Washok Michele M
Seller's Agent
Karen Lane
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$499,000
Sold Price
$422,000
Premium/Discount to List
-$77,000
-15.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.85%

Purchase Details

Listed on
Nov 12, 2018
Closed on
May 3, 2019
Sold by
Frost Jeff R and The Frost & Messing Trust
Bought by
Washok Bernard M and Washok Michele M
Seller's Agent
Karen Lane
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$499,000
Sold Price
$422,000
Premium/Discount to List
-$77,000
-15.43%

Purchase Details

Closed on
May 14, 2014
Sold by
Frost Jeff R and Messing Dawn M
Bought by
The Frost & Messing Trust and Messing Dawn M

Purchase Details

Listed on
Mar 11, 2013
Closed on
Aug 11, 2013
Bought by
Frost And Messing Trust 11/5/2012
Seller's Agent
Jeffrey Dunaway
Key West Realty, LLC (KW)
Buyer's Agent
Karen Lane
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$349,000
Sold Price
$326,000
Premium/Discount to List
-$23,000
-6.59%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.33%
Original Mortgage
$230,000
Interest Rate
4.39%
Mortgage Type
New Conventional
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 Type Sale Price Title Company
Warranty Deed $640,000 Closing Department Inc
Warranty Deed $422,000 None Listed On Document
Warranty Deed $422,000 None Listed On Document
Interfamily Deed Transfer -- None Available
Warranty Deed $326,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $666,328 New Conventional
Previous Owner $100,000 Credit Line Revolving
Previous Owner $230,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/01/2022 03/01/22 Sold $640,000 +11.3% $1,199 / Sq Ft
12/29/2021 12/29/21 For Sale $575,000 +36.3% $1,077 / Sq Ft
05/03/2019 05/03/19 Sold $422,000 -15.4% $790 / Sq Ft
04/12/2019 04/12/19 Pending -- -- --
11/12/2018 11/12/18 For Sale $499,000 +53.1% $934 / Sq Ft
08/13/2013 08/13/13 Sold $326,000 -6.6% $610 / Sq Ft
08/09/2013 08/09/13 Pending -- -- --
03/11/2013 03/11/13 For Sale $349,000 -- $654 / 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 $5,021 $603,587 -- --
2023 $5,021 $586,007 $0 $586,007
2022 $4,145 $500,156 $0 $500,156
2021 $3,938 $434,060 $0 $434,060
2020 $3,446 $346,291 $0 $346,291
2019 $3,573 $357,843 $357,843 $0
2018 $2,645 $288,736 $0 $0
2017 $2,630 $282,798 $0 $0
2016 $2,700 $276,982 $0 $0
2015 $2,754 $275,057 $0 $0
2014 $2,825 $272,874 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 582764

Florida Keys Board of REALTORS®

APN: 00033270-000102