1009 Varela St Key West, FL 33040
Old Town Neighborhood
2
Beds
1
Bath
738
Sq Ft
1,820
Sq Ft Lot
Highlights
- Shotgun Architecture
- Outdoor Water Feature
- Some Wood Windows
- Wood Flooring
- No HOA
- 2-minute walk to Higgs Beach Dog Park
About This Home
As of December 2020New lower price in Old Town! An exciting new offering in the historic district, this 2 Bedroom cottage is a true highlight to the short list of homes available for sale in Old Town at this price point. Once entering the home you'll immediately sense a feeling of true comfort. There are high and vaulted ceilings and an open floor plan flowing from the charming front porch through to the private rear deck and yard with statuary and a water feature. There is a loft area suitable as a casual sleeping area or additional storage. Located in preferred X500 Zone, flood insurance in many instances is not required. Just a block from the bustling White Street Merchants & Gallery District, there are numerous cafes, shops and studios nearby to enjoy Key West as a local.
Last Agent to Sell the Property
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 04/06/2016
Last Buyer's Agent
James Giroux
Century 21 All Keys Inc (KW) License #3307184
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,771
Year Built
- Built in 1933
Lot Details
- 1,820 Sq Ft Lot
- Privacy Fence
- Fenced
- Property is zoned HMDR - Historic Medium Density Residential
Home Design
- Shotgun Architecture
- Frame Construction
- Metal Roof
Interior Spaces
- 738 Sq Ft Home
- Ceiling Fan
- Some Wood Windows
- Double Hung Windows
Kitchen
- Range
- Microwave
- Dishwasher
Flooring
- Wood
- Tile
Bedrooms and Bathrooms
- 2 Bedrooms
- 1 Full Bathroom
Laundry
- Laundry Room
- Dryer
- Washer
Home Security
- Complete Roll Down Shutters
- Fire and Smoke Detector
Outdoor Features
- Patio
- Outdoor Water Feature
- Shed
Utilities
- Central Air
Community Details
- No Home Owners Association
- Gwynn Sub Subdivision
Listing and Financial Details
- Assessor Parcel Number 00032550-000000
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
Brenda Donnelly Real Estate LLC
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$355,734
Avg. Annual Appreciation
10.95%
Original Mortgage
$380,000
Outstanding Balance
$342,743
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$630,985
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
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | Attorney | |
| Warranty Deed | $552,000 | None Available | |
| Trustee Deed | -- | None Available | |
| Interfamily Deed Transfer | $126,000 | Attorney | |
| Warranty Deed | $318,500 | Attorney | |
| Trustee Deed | -- | None Available | |
| Quit Claim Deed | $88,000 | None Available | |
| Warranty Deed | $91,900 | -- | |
| Warranty Deed | $487,500 | -- | |
| Warranty Deed | $142,500 | -- | |
| Warranty Deed | $65,000 | -- | |
| Warranty Deed | $38,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $380,000 | New Conventional | |
| Previous Owner | $546,250 | VA | |
| Previous Owner | $254,800 | New Conventional | |
| Previous Owner | $420,000 | Balloon | |
| Previous Owner | $183,750 | New Conventional | |
| Previous Owner | $390,000 | New Conventional | |
| Previous Owner | $112,000 | No Value Available |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 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 |
| 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
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 | $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
-
Brenda Donnelly
Seller's Agent in 2020
Brenda Donnelly
Brenda Donnelly Real Estate LLC
(305) 304-1116
73 in this area
177 Total Sales
-
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
15 in this area
156 Total Sales
-
J
Buyer's Agent in 2016
James Giroux
Century 21 All Keys Inc (KW)
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 123147
APN: 00032550-000000
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