NOT LISTED FOR SALE

1009 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $859,484 - $1,042,000

2 Beds
1 Bath
630 Sq Ft
$1,458/Sq Ft Est. Value

Last Sold December 01, 2020

Last sale price $600,000 $952 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $5,342/month

6 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Balcony
  • Key West Architecture
  • No HOA
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of December 2020

Charming Key West Conch home located on peaceful Varela Street. Adorned with tropical foliage this home embodies the true ambiance of Old Town Key West. The interior features an expansive hallway, Dade County Pine, two bedrooms and one bathroom. The kitchen and living area open to a serene tropical outdoor living space that is fully fenced. Perfect for outdoor entertaining! Room for cocktail pool! Offering quick access to restaurants and the beach within a few short blocks. Awaiting your personal touch!

Last Agent to Sell the Property

Brenda Donnelly

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3037635 Listed on: 10/14/2020

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Terrance Sullivan

Buy The Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,749

Year Built

  • Built in 1933

Lot Details

  • 1,825 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 630 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring

Kitchen

  • Oven
  • Freezer
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Balcony
  • Deck

Utilities

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

Community Details

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00032550-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,749

Year Built

Built in 1933

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
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Ocean
  • State Province: FL
  • Taxes: 3749.36
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 1033308
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 1825.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • License Info: Non Trans Rntl Lic
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 630.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Freezer, Refrigerator, Oven
  • Floor: Wood
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Security: No Security
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032550-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 14, 2020
Closed on
Dec 1, 2020
Sold by
Wooten Joseph and Wooten Sara J
Bought by
Baker Trent A
Seller's Agent
Brenda Donnelly
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Terrance Sullivan
Buy The Keys (KW)
List Price
$650,000
Sold Price
$600,000
Premium/Discount to List
-$50,000
-7.69%
Current Estimated Value
$918,371

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$318,371
Avg. Annual Appreciation
8.85%
Original Mortgage
$380,000
Outstanding Balance
$336,599
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$581,772

Purchase Details

Listed on
Apr 6, 2016
Closed on
Aug 16, 2016
Sold by
Evans James A and Churchman Dennis W
Bought by
Wooten Joseph and Wooten Sara
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
James Giroux
Century 21 All Keys Inc (KW)
List Price
$564,000
Sold Price
$552,000
Premium/Discount to List
-$12,000
-2.13%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.96%
Original Mortgage
$546,250
Interest Rate
3.41%
Mortgage Type
VA

Purchase Details

Closed on
Feb 13, 2012
Sold by
Look Up Reach Out Enterprises Inc
Bought by
Wolf D

Purchase Details

Closed on
Nov 10, 2011
Sold by
Evans James A
Bought by
Evans James A and Churchman Dennis W

Purchase Details

Closed on
Dec 27, 2010
Sold by
Gallagher Lynn M and Miller Lynn M
Bought by
Evans James A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$254,800
Interest Rate
4.18%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 2010
Sold by
Look Up Reach Out Enterprises Inc and Sawyer Atanda Norma
Bought by
City First Mortgage Corp

Purchase Details

Closed on
Apr 17, 2008
Sold by
Gallagher Paul
Bought by
Gallagher Lynn M

Purchase Details

Closed on
May 7, 2002
Sold by
Paul Gallagher M and Lynn M Gallagher M
Bought by
Gallagher Paul and Gallagher Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
7.16%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 20, 2000
Sold by
Portera John
Bought by
Leander Kevin C and Souto Ronald J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$390,000
Interest Rate
8.27%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1994
Sold by
Portera John
Bought by
Miller Lynn M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$112,000
Interest Rate
8.44%

Purchase Details

Closed on
Sep 1, 1985
Bought by
Wooten Joseph and Wooten Sara

Purchase Details

Closed on
Dec 1, 1981
Bought by
Wooten Joseph and Wooten Sara
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baker Trent A $600,000 Attorney
Wooten Joseph $552,000 None Available
Wolf D -- None Available
Evans James A $126,000 Attorney
Evans James A $318,500 Attorney
City First Mortgage Corp -- None Available
Gallagher Lynn M $88,000 None Available
Gallagher Paul $91,900 --
Leander Kevin C $487,500 --
Miller Lynn M $142,500 --
Wooten Joseph $65,000 --
Wooten Joseph $38,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Baker Trent A $380,000
Previous Owner Wooten Joseph $546,250
Previous Owner Evans James A $254,800
Previous Owner Leander Kevin C $183,750
Previous Owner Leander Kevin C $390,000
Previous Owner Miller Lynn M $112,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/01/2020 12/01/20 Sold $600,000 -7.7% $952 / Sq Ft
10/14/2020 10/14/20 For Sale $650,000 +17.8% $1,032 / Sq Ft
08/16/2016 08/16/16 Sold $552,000 -2.1% $748 / Sq Ft View Prior Sale
08/16/2016 08/16/16 Pending -- -- --
04/06/2016 04/06/16 For Sale $564,000 -- $764 / 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
2025 $6,141 $778,483 $490,232 $288,251
2024 $5,652 $767,259 $490,232 $277,027
2023 $5,652 $683,553 $426,420 $257,133
2022 $5,123 $626,433 $366,661 $259,772
2021 $4,672 $484,696 $273,476 $211,220
2020 $3,752 $426,752 $299,811 $126,941
2019 $3,749 $423,406 $293,734 $129,672
2018 $4,248 $471,569 $290,189 $181,380
2017 $4,353 $475,653 $0 $0
2016 $3,975 $403,749 $0 $0
2015 $3,771 $373,679 $0 $0
2014 $3,396 $286,497 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Brenda Donnelly

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image

  • T

    Buyer's Agent in 2020

    Terrance Sullivan

    Buy The Keys (KW)

  • Vic Musmanno

    Seller's Agent in 2016

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    16 in this area

    146 Total Sales

    Vic Musmanno
    Section Image

  • J

    Buyer's Agent in 2016

    James Giroux

    Century 21 All Keys Inc (KW)

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 592978

Florida Keys Board of REALTORS®

APN: 00032550-000000

Florida Monroe County Key West 33040 Old Town

1009 Varela St, Key West, FL

Not Listed for Sale

Detached

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