$445,000
SOLD JUL 3, 2019

1007 Watson St Key West, FL 33040

Old Town Neighborhood
2 Beds
1 Bath
1,116 Sq Ft
1,611 Sq Ft Lot

Recently Sold

$399 Per Sq Ft

16% Below List Price

134 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of September 2022

ANOTHER PRICE DROP! Very motivated sellers. Live in your Conch Cottage while you renovate! Currently the front and second 1/2 story are gutted down to the studs. In the back of the house is a living area with kitchen, bath and bed area. This home could easily be a 3br 2 bath classic key West home. Located in an X Flood zone, tucked away on a quiet street, this is the perfect opportunity for someone to create their little piece of paradise.

Last Agent to Sell the Property

Deborah Batty

Location 3 Real Estate of KW Inc (KW) License #3131616 Listed on: 02/12/2019

Last Buyer's Agent

Leigh Roach

Truman & Co. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,617

Year Built

  • Built in 1918

Lot Details

  • 1,611 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • 1,116 Sq Ft Home
  • Key West Architecture
  • Fixer Upper
  • Frame Construction

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Ground Level
  • Public Hookup Available For Sewer

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 00033300-000100

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,617

Year Built

Built in 1918

Lot Details

0

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-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 2617.14
  • Title: Negotiable
  • Year Built: 1918
  • Alternate Key Number: 8497539
  • Building Style: Conch, Ground Level
  • Lot Sq Ft: 1611.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1116.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven, Refrigerator, Range
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X Flood Zone
  • Parcel Number: 00033300-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2017

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 Type Sale Price Title Company
Warranty Deed $729,000 None Listed On Document
Warranty Deed $648,000 First International Title
Warranty Deed $648,000 First International Title
Interfamily Deed Transfer -- None Available
Warranty Deed $361,000 None Available
Quit Claim Deed $100 --
Interfamily Deed Transfer -- Attorney
Special Warranty Deed $235,000 Attorney
Certificate Of Transfer $21,000 --
Warranty Deed $545,000 First American Title Ins Co
Warranty Deed $401,700 True Title Agency Inc
Quit Claim Deed -- True Title Agency Inc
Warranty Deed $272,000 --
Quit Claim Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $265,000 New Conventional
Previous Owner $615,600 New Conventional
Previous Owner $188,000 New Conventional
Previous Owner $456,500 Fannie Mae Freddie Mac
Previous Owner $436,000 New Conventional
Previous Owner $321,360 Unknown
Closed $80,000 No Value Available
Closed $109,000 No Value Available
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: 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 $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: Florida Keys Board of REALTORS®

MLS Number: 584262

Florida Keys Board of REALTORS®

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 and is currently priced at $445,000, approximately $398 per square foot. This property was built in 1918. 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.

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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