NOT LISTED FOR SALE

1009 South St Key West, FL 33040

Casa Marina Neighborhood

Estimated Value: $1,659,523 - $2,528,000

4 Beds
4.5 Baths
2,381 Sq Ft
$869/Sq Ft Est. Value

Last Sold October 13, 2020

Last sale price $1,125,000 $472 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $11,726/month

65 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • Ceiling Fan
  • Wood Flooring
  • Some Wood Windows

About This Home

As of October 2020

A great investment opportunity! Located in the heart of Casa Marina, this corner property has 4 units. There are 2 one bedroom units, studio,and a large owners unit. Updated electric and plumbing. Currently 3 units are occupied. Monthly rentals, 1500, 1700, 1800, 2500. Lots of street parking. Room for a pool. Showings would be best after 4:00.

Last Agent to Sell the Property

Key West Luxury Finders

Preferred Properties (KW) License #3028945 Listed on: 08/03/2020

Co-Listed By

Jeffrey Grosky

Preferred Properties (KW) License #3271707

Last Buyer's Agent

Michael Spirnak

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3220050

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,215

Year Built

  • Built in 1933

Lot Details

  • 4,830 Sq Ft Lot

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,381 Sq Ft Home
  • Ceiling Fan
  • Some Wood Windows

Kitchen

  • Oven
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00039330-000000

Community Details

Overview

  • No Home Owners Association
  • Webb Realty Co Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,215

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Casa Marina
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6215.08
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1933
  • Alternate Key Number: 1040070
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 4830.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2381.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Dade County Pine
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Dryer, Washer, Refrigerator, Oven
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: Wood Windows
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00039330-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 3, 2020
Closed on
Oct 13, 2020
Sold by
Hegarty Patrick T
Bought by
Grundhoefer Raymond and Grundhoefer Leeann
Seller's Agent
Key West Luxury Finders
Preferred Properties (KW)
Buyer's Agent
Michael Spirnak
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$12,000,000
Sold Price
$1,125,000
Premium/Discount to List
-$10,875,000
-90.62%
Current Estimated Value
$2,068,381

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$943,381
Avg. Annual Appreciation
12.64%
Original Mortgage
$843,750
Outstanding Balance
$753,855
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,276,630

Purchase Details

Listed on
Mar 29, 2019
Closed on
Sep 4, 2019
Sold by
Shanley Helene
Bought by
Rounds Chritopher J and Hegarty Patrick T
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Key West Luxury Finders
Preferred Properties (KW)
List Price
$1,100,000
Sold Price
$975,000
Premium/Discount to List
-$125,000
-11.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.76%

Purchase Details

Closed on
Jan 22, 2001
Sold by
Grinnell Graydon
Bought by
Shanley Robin and Shanley Helene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,600
Interest Rate
7.53%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 13, 1998
Sold by
Grinnell Graydon
Bought by
Grinnell Graydon and Frank William P

Purchase Details

Closed on
Sep 8, 1997
Sold by
Grinnell Graydon and Grinnell Frank William
Bought by
Grinnell Graydon and Frank William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$64,159
Interest Rate
7.43%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 1, 1997
Bought by
Shanley Helene
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Grundhoefer Raymond $1,125,000 Oropeza Stones Cardenas Pllc
Rounds Chritopher J $975,000 Attorney
Shanley Robin $135,000 --
Grinnell Graydon $100 --
Grinnell Graydon $100 --
Grinnell Graydon $100 --
Grinnell Graydon $100 --
Shanley Helene $129,200 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grundhoefer Raymond $843,750
Previous Owner Grinnell Graydon $323,000
Previous Owner Grinnell Graydon $264,600
Previous Owner Grinnell Graydon $64,159
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2020 10/13/20 Sold $1,125,000 -90.6% $472 / Sq Ft
10/07/2020 10/07/20 Pending -- -- --
08/03/2020 08/03/20 For Sale $12,000,000 +1130.8% $5,040 / Sq Ft
09/04/2019 09/04/19 Sold $975,000 -11.4% $409 / Sq Ft
07/24/2019 07/24/19 Pending -- -- --
03/29/2019 03/29/19 For Sale $1,100,000 -- $462 / 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 $9,122 $1,166,074 -- --
2023 $9,122 $1,034,926 $0 $0
2022 $8,474 $946,380 $0 $0
2021 $8,256 $836,836 $485,391 $351,445
2020 $8,325 $808,349 $471,976 $336,373
2019 $6,215 $618,380 $0 $0
2018 $6,052 $612,543 $0 $0
2017 $5,861 $595,290 $0 $0
2016 $5,931 $604,582 $0 $0
2015 -- $537,106 $0 $0
2014 -- $454,878 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Key West Luxury Finders

    Seller's Agent in 2020

    Key West Luxury Finders

    Preferred Properties (KW)

    (305) 240-0355

    16 in this area

    74 Total Sales

    Key West Luxury Finders
    Section Image

  • J

    Seller Co-Listing Agent in 2020

    Jeffrey Grosky

    Preferred Properties (KW)

    (305) 304-6868

    9 in this area

    37 Total Sales

    Jeffrey Grosky
    Section Image

  • M

    Buyer's Agent in 2020

    Michael Spirnak

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • Bascom Grooms

    Seller's Agent in 2019

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    7 in this area

    318 Total Sales

    Bascom Grooms
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591978

Florida Keys Board of REALTORS®

APN: 00039330-000000

Florida Monroe County Key West 33040 Casa Marina

1009 South St, Key West, FL

This home is located at 1009 South St, Key West, FL 33040 since 03 August 2020 and is currently estimated at $2,068,381, approximately $868 per square foot. This property was built in 1933. 1009 South 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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