$975,000
SOLD SEP 4, 2019
4 Beds
4.5 Baths
2,381 Sq Ft
4,830 Sq Ft Lot

Recently Sold

$409 Per Sq Ft

11% Below List Price

117 Days on Market

Highlights

  • Maid or Guest Quarters
  • Key West Architecture
  • No HOA
  • Deck
  • Wood Flooring
  • Some Wood Windows

About This Home

As of October 2020

Amazing corner property in the heart of Key West in the sought after Casa Marina neighborhood. Property is sited on a 4,830 sq. ft. lot and is just blocks to the beach, shopping, and parks. This multi-unit offers a 2/1.5 unit, 1/1 first floor apartment, 1/1 upper level apartment, and a first floor studio. Surrounded by a white picket fence and tropical landscape, this tropical oasis boasts outdoor entertaining spaces, off street parking, and room for a pool. Features: Dade County Pine, custom woodwork, picture window, & classic Conch home design. Perfect for owner occupier with additional rental income or convert to an expansive single family home with guest quarters.

Last Agent to Sell the Property

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 03/29/2019

Last Buyer's Agent

Key West Luxury Finders

Preferred Properties (KW) License #3028945

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,631

Year Built

  • Built in 1933

Lot Details

  • 4,830 Sq Ft Lot
  • Fenced

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

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

Kitchen

  • Oven
  • Range
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Maid or Guest Quarters

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Deck

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00039330-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,631

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
  • Document Count: 3
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Casa Marina
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4630.51
  • 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
  • Porch Balcony: Deck
  • Association Info Condo Docs: No
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2381.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Dade County Pine
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Appliances: Dryer, Oven, Refrigerator, Range
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: Wood Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00039330-000000
  • Lot Size: 92 x 52.5
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 3.00

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
$2,030,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$905,485
Avg. Annual Appreciation
12.81%
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

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Range of Values:

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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 $1,125,000 Oropeza Stones Cardenas Pllc
Warranty Deed $975,000 Attorney
Deed $135,000 --
Quit Claim Deed $100 --
Quit Claim Deed $100 --
Quit Claim Deed $100 --
Trustee Deed $100 --
Warranty Deed $129,200 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $843,750 Purchase Money Mortgage
Previous Owner $396,647 Commercial
Previous Owner $323,000 New Conventional
Previous Owner $264,600 Commercial
Previous Owner $64,159 Commercial
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

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 585026

Florida Keys Board of REALTORS®

APN: 00039330-000000