NOT LISTED FOR SALE

1007 Watson St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $543,000 - $765,000

1 Bed
2 Baths
646 Sq Ft
$1,074/Sq Ft Est. Value

Last Sold September 21, 2022

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

Est. 7% increase in value since last sale

Current estimated payment $3,959/month

99 Days on Market

Highlights

  • Vaulted Ceiling
  • Furnished
  • Cooling System Mounted To A Wall/Window
  • Garden View
  • No HOA
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of September 2022

“The Key West Tree House” is a cozy and comfortable home that will transition you from the rest of civilization to the relaxing Historic District of Key West. This light-filled home is hidden on a secret path in the charming streets of Old Town. Wake up each morning and enjoy coffee on the balcony overlooking tropical treetops and, in the evening, enjoy cocktails on the patio. Completely and recently renovated, boasting 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 tropical charm. 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.

Last Agent to Sell the Property

Michael Marinelli

American Caribbean Real Estate License #0624654 Listed on: 06/13/2022

Co-Listed By

Joel Young

American Caribbean Real Estate License #3223001

Last Buyer's Agent

Joel Young

American Caribbean Real Estate License #3223001

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,092

Year Built

  • Built in 1980

Lot Details

  • Southwest Facing Home
  • Fenced

Home Design

  • Substantially Remodeled
  • Metal Roof
  • Wood Siding
  • Concrete Block And Stucco Construction

Interior Spaces

  • 646 Sq Ft Home
  • 2-Story Property
  • Furnished
  • Vaulted Ceiling
  • Ceiling Fan
  • Garden Views
  • Electric Range

Bedrooms and Bathrooms

  • 1 Bedroom
  • Primary Bedroom Upstairs
  • 2 Full Bathrooms

Parking

  • On-Street Parking
  • Open Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heating Available

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00033300-000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,092

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Year Built: 1980
  • Property Sub Type: Single Family Residence
  • Architectural Style: Detached, Two Story
  • Co List Office Mls Id: ACAR01
  • Co List Office Phone: 305-451-4078
  • Directions: Located in Old Town just South of Truman.
  • Garage Yn: No
  • Horses: No
  • New Construction: No
  • Structure Type: R30-No Pool/No Water, House
  • Subdivision Name: Gwynn Sub
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • MIAMIRE_PetsAllowedYN: Yes
  • MIAMIRE_MembershipPurchRqdYN: No
  • ResoPropertyType: Residential
  • Special Features: VirtualTour

Interior Features

  • Appliances: Other Equipment/Appliances, Electric Range, Refrigerator
  • Interior Amenities: First Floor Entry, Vaulted Ceiling(s), No Additional Rooms
  • Full Bathrooms: 2
  • Total Bedrooms: 1
  • Flooring: Other
  • Furnished: Furnished
  • Living Area: 646
  • Possible Use: Primary
  • Bedroom Features: Master Bedroom Upstairs
  • Living Room Features: No Additional Rooms

Exterior Features

  • Roof: Metal Roof
  • View: Garden, Other
  • Construction Type: CBS Construction, Wood Siding
  • Direction Faces: Southwest
  • Fencing: Fenced
  • Lot Features: Less Than 1/4 Acre Lot
  • Pool Private: No
  • Property Condition: Substantially Remodeled
  • View: Yes
  • Waterfront: No

Garage/Parking

  • Park Building Name: Gwynn Sub
  • Open Parking: Yes
  • Parking Features: On Street

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Ceiling Fan(s), Wall/Window Unit(s)
  • Cooling Y N: Yes
  • Heating: Other
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No
  • Community Features: None

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 00033300-000101
  • Zoning: SF - Single Family
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Pets Allowed: Restrictions Or Possible Restrictions

Tax Info

  • Tax Year: 2021
  • Tax Annual Amount: 3092

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 10, 2024
Sold by
Salt Lorraine V
Bought by
Echelberry Chris E
Current Estimated Value
$693,845

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
Outstanding Balance
$261,972
Interest Rate
7.22%
Mortgage Type
New Conventional
Estimated Equity
$431,873

Purchase Details

Listed on
Jun 13, 2022
Closed on
Sep 21, 2022
Sold by
William R Albury Revocable Trust
Bought by
Salt Lorraine V
Seller's Agent
Michael Marinelli
American Caribbean Real Estate
Buyer's Agent
Joel Young
American Caribbean Real Estate
List Price
$849,000
Sold Price
$648,000
Premium/Discount to List
-$201,000
-23.67%
Views
14

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.30%
Original Mortgage
$615,600
Interest Rate
5.22%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 12, 2015
Sold by
Albury William R
Bought by
Albury William R and William R Albury Revocable Trust

Purchase Details

Listed on
Jul 24, 2013
Closed on
Oct 23, 2013
Sold by
Talley Stephen M and Hamilton Richard D
Bought by
Albury William R
Seller's Agent
Douglas Mayberry
Doug Mayberry Real Estate (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$399,000
Sold Price
$361,000
Premium/Discount to List
-$38,000
-9.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.63%

Purchase Details

Closed on
Aug 9, 2010
Bought by
Albury William R Revocable Trust 2-12-2015

Purchase Details

Closed on
Aug 7, 2010
Sold by
Talley Stephen M and Hamilton Richard D
Bought by
Talley Stephen M and Hamilton Richard D

Purchase Details

Closed on
Aug 25, 2009
Sold by
Deutsche Bank National Trust Company
Bought by
Talley Stephen M and Hamilton Richard D

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
5.15%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 19, 2009
Bought by
Albury William R Revocable Trust 2-12-2015

Purchase Details

Closed on
Jan 31, 2005
Sold by
Rodriguez Pablo
Bought by
Otten Christopher

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
4.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2004
Sold by
Louisa Street Llc
Bought by
Rodriguez Pablo D

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
5.25%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 6, 2004
Bought by
Albury William R Revocable Trust 2-12-2015

Purchase Details

Closed on
Aug 30, 2003
Sold by
Smith David L and Clark Gary W
Bought by
Crespo Desire Nicole
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Echelberry Chris E $729,000 None Listed On Document
Salt Lorraine V $648,000 First International Title
Salt Lorraine V $648,000 First International Title
Albury William R -- None Available
Albury William R $361,000 None Available
Albury William R Revocable Trust 2-12-2015 $100 --
Talley Stephen M -- Attorney
Talley Stephen M $235,000 Attorney
Albury William R Revocable Trust 2-12-2015 $21,000 --
Otten Christopher $545,000 First American Title Ins Co
Rodriguez Pablo D $401,700 True Title Agency Inc
Louisa Street Llc -- True Title Agency Inc
Albury William R Revocable Trust 2-12-2015 $272,000 --
Crespo Desire Nicole -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Echelberry Chris E $265,000
Previous Owner Salt Lorraine V $615,600
Previous Owner Talley Stephen M $188,000
Previous Owner Otten Christopher $456,500
Previous Owner Otten Christopher $436,000
Previous Owner Rodriguez Pablo D $321,360
Closed Rodriguez Pablo D $80,000
Closed Otten Christopher $109,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
06/13/2022 06/13/22 For Sale $849,000 -26.2% $1,314 / Sq Ft
03/11/2022 03/11/22 Sold $1,150,000 -2.1% $1,094 / Sq Ft
01/25/2022 01/25/22 Price Changed $1,175,000 -6.0% $1,118 / Sq Ft
12/10/2021 12/10/21 For Sale $1,250,000 +180.9% $1,189 / Sq Ft
07/03/2019 07/03/19 Sold $445,000 -15.9% $399 / Sq Ft
06/26/2019 06/26/19 Pending -- -- --
02/12/2019 02/12/19 For Sale $529,000 +46.5% $474 / Sq Ft
10/23/2013 10/23/13 Sold $361,000 -9.5% $559 / Sq Ft
10/18/2013 10/18/13 Pending -- -- --
07/24/2013 07/24/13 For Sale $399,000 -- $618 / Sq Ft
Source: MIAMI REALTORS® MLS

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 $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

  • Michael Marinelli

    Seller's Agent in 2022

    Michael Marinelli

    American Caribbean Real Estate

    (305) 439-7730

    1 in this area

    15 Total Sales

    Michael Marinelli
    Section Image

  • L

    Seller's Agent in 2022

    Leigh Roach

    Truman & Co. (KW)

  • Joel Young

    Seller Co-Listing Agent in 2022

    Joel Young

    American Caribbean Real Estate

    (305) 432-6610

    2 in this area

    54 Total Sales

    Joel Young
    Section Image

  • E

    Buyer's Agent in 2022

    Emily Lombard

    Buy The Keys (KW)

  • D

    Seller's Agent in 2019

    Deborah Batty

    Location 3 Real Estate of KW Inc (KW)

    (305) 509-1958

    1 in this area

    24 Total Sales

    Deborah Batty
    Section Image

  • L

    Buyer's Agent in 2019

    Leigh Ann Roach

    Preferred Properties (KW)

See All Agents

Map

Source: MIAMI REALTORS® MLS

MLS Number: A11221743

MIAMI REALTORS® MLS

APN: 00033300-000101

Florida Monroe County Key West 33040 Old Town

1007 Watson St, Key West, FL

This home is located at 1007 Watson St, Key West, FL 33040 since 13 June 2022 and is currently estimated at $693,845, approximately $1,074 per square foot. This property was built in 1980. 1007 Watson St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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.

MIAMI REALTORS® MLS 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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