NOT LISTED FOR SALE

1007 Watson St Unit R Key West, FL 33040

Old Town Neighborhood

Estimated Value: $685,000 - $813,000

1 Bed
2 Baths
646 Sq Ft
$1,164/Sq Ft Est. Value

Sale Details

Date Sold: September 21, 2022

Last sale price $648,000 $1,003 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $4,360 / mo

35 Days on Market

Highlights

  • No HOA
  • Patio
  • 3-minute walk to Higgs Beach Dog Park
  • Balcony
  • Privacy Fence

About This Home

As of September 2022

Your Key West Tropical Island Tree House Escape awaits!! 'The Key West Tree House' is a cozy and comfortable home that will transition you from the hustle and bustle of civilization to the relaxing Historic District of Key West. This light-filled home offers all the fantasy of Key West and is hidden on a secret path in the charming streets of Old Town. Wake up each morning overlooking tropical treetops and enjoy coffee and the newspaper on the balcony, and in the evening, enjoy a backyard BBQ and cocktails on the patio, soaking in soft coastal breezes. It's the perfect recipe for your happy hour and relaxation in Key West. This completely and recently renovated home boasts 2 full baths, outdoor shower, and a kitchen with new appliances that's ready for your culinary creativity. Wood Beamed ceilings in the Bedroom add to the abundance of tropical charm. Air conditioning on each floor and ceiling fans throughout the house make tropical living comfortable. Centrally located in Old Town, the soul of Key West, where the activity of Duval Street and the beaches, are just moments away. Phenomenal Income producing opportunities present themselves as well. Come, open the French Doors, and let Island Time begin!

Last Agent to Sell the Property

Mykael Marinelli

American Caribbean Real Estate, Christie's International Real Estate License #624654 Listed on: 06/11/2022

Co-Listed By

Joel Young

American Caribbean Real Estate, Christie's International Real Estate License #3223001

Last Buyer's Agent

Joel Young

Keller Williams Realty Premier Properties - Kendall

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1980

Lot Details

  • 710 Sq Ft Lot
  • Privacy Fence
  • Fenced

Home Design

  • HardiePlank Siding

Interior Spaces

  • 646 Sq Ft Home
  • Laminate Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00033300-000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,092

Year Built

Built in 1980

Lot Details

710 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3092.00
  • Year Built: 1980
  • Alternate Key Number: 9009562
  • Cooling Heating: Ductless
  • Lot Sq Ft: 710.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 646.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: More Appliances, Refrigerator
  • Floor: Laminate
  • Total Bedrooms: 1
  • Accessibility Features: None
  • Sq Ft Remarks: Buyer to verify

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Hardi Board Siding, Combo Construction
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00033300-000101
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Bought by
Current Estimated Value
$751,640

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$265,000
Interest Rate
0.0722%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 11, 2022
Closed on
Sep 21, 2022
Sold by
Bought by
Seller's Agent
Mykael Marinelli
American Caribbean Real Estate, Christie's International Real Estate
Buyer's Agent
Joel Young
Keller Williams Realty Premier Properties - Kendall
List Price
$849,000
Sold Price
$648,000
Premium/Discount to List
-$201,000
-23.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.98%
Original Mortgage
$615,600
Interest Rate
0.0522%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2015
Sold by
Bought by

Purchase Details

Closed on
Oct 23, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 9, 2010
Bought by

Purchase Details

Closed on
Aug 7, 2010
Sold by
Bought by

Purchase Details

Closed on
Aug 25, 2009
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$188,000
Interest Rate
0.0515%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2009
Bought by

Purchase Details

Closed on
Jan 31, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$436,000
Interest Rate
0.0487%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$321,360
Interest Rate
0.0525%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 6, 2004
Bought by

Purchase Details

Closed on
Aug 30, 2003
Sold by
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$729,000 None Listed On Document
$648,000 First International Title
-- None Available
$361,000 None Available
$100 --
-- Attorney
$235,000 Attorney
$21,000 --
$545,000 First American Title Ins Co
-- True Title Agency Inc
$401,700 True Title Agency Inc
$272,000 --
-- --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $265,000
Closed $615,600
Closed $188,000
Closed $456,500
Closed $436,000
Closed $321,360
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
09/21/2022 09/21/22 Sold $648,000 -10.6% $1,003 / Sq Ft
07/08/2022 07/08/22 Price Changed $725,000 -14.6% $1,122 / Sq Ft
06/11/2022 06/11/22 For Sale $849,000 -- $1,314 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $3,604 $605,063 $288,519 $316,544
2024 $3,537 $420,756 -- --
2023 $3,537 $408,501 $0 $0
2022 $3,332 $376,056 $193,957 $182,099
2021 $3,093 $304,355 $144,664 $159,691
2020 $3,233 $321,835 $158,595 $163,240
2019 $3,082 $302,167 $156,409 $145,758
2018 $3,139 $302,813 $153,505 $149,308
2017 $3,204 $304,609 $0 $0
2016 $3,556 $324,070 $0 $0
2015 $3,420 $300,743 $0 $0
2014 $3,352 $282,247 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Mykael Marinelli

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 439-7730

    3 in this area

    34 Total Sales

    Mykael Marinelli
    Section Image
  • Joel Young

    Seller Co-Listing Agent in 2022

    Joel Young

    American Caribbean Real Estate, Christie's International Real Estate

    (305) 432-6610

    2 in this area

    43 Total Sales

    Joel Young
    Section Image

  • J

    Buyer's Agent in 2022

    JoelKELL Young

    Realty Options of the Florida Keys

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 601375

Florida Keys Board of REALTORS®

APN: 00033300-000101

Florida Monroe County Key West 33040 Old Town

1007 Watson St Unit R, Key West, FL

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® 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. Information is deemed reliable but not guaranteed.

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