NOT LISTED FOR SALE

Estimated Value: $1,542,649 - $1,761,000

2 Beds
3 Baths
1,292 Sq Ft
$1,271/Sq Ft Est. Value

Last Sold November 14, 2023

Last sale price $1,533,579 $1,187 Per Sq Ft

Est. 7% increase in value since last sale

Current estimated payment $9,892/month

2 Days on Market

About This Home

As of November 2023

Located in one of Key West's most prestigious gated communities, The Truman Annex, The Foundry townhomes provide luxury living in a historic setting. This home offering prime location, stunning natural light from windows on two sides and is being offered fully furnished with ample rental income make this perhaps the most desired unit of the Foundry townhomes.Renovated in the 1990's and originally the machine shop, it was transformed into an expansive space with high ceilings, few interior walls, lots of French windows and a graceful classic entrance. The gated private front entrance is complete with a roomy sitting porch. Beautiful white french doors open to the living room with lofty ceilings and galley kitchen. Located just off the kitchen area is your own private side courtyard, singular only to the corner townhomes. Beautifully manicured with lush plants and trees, enjoy the all-weather deck tucked away in your private sanctuary.The tri-level design creates privacy with three distinct living areas and gives you peace of mind with entirely impact resistant windows & doors throughout. The 1st floor is comprised of living room, kitchen, and a half-bath. The staircase continues to the 2nd floor with the primary spacious bedroom complete with king size bed and full bathroom. Here you will also find a comfortable private balcony. The 2nd floor houses the laundry hidden behind a discreet shade. The staircase then leads to the 3rd floor where you find the second spacious bedroom, complete with queen size bed, and a full second bathroom. Both bedrooms have bamboo flooring and are nicely furnished making all 1292 sq ft of this home feel warm and inviting. Steps from the property is the resort-style heated swimming pool with keyed entry. A private designated parking spot is located at the rear side of this home. The ocean is just a short walk and has a brand new Truman Waterfront Park. Just a few minutes walk to Duval St. and the center of downtown.

Last Agent to Sell the Property

Stephanie Wise

Keller Williams Key West Compass Realty License #3414367 Listed on: 10/22/2023

Keller Williams Key West Compass Realty

Co-Listed By

Sandra Swan

Keller Williams Key West Compass Realty License #3414369

Last Buyer's Agent

Christy Hughes

Moorings Realty, Inc

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$9,897

Year Built

1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • First Right of Refusal: Yes
  • Association Fee: 1324.00
  • Maintenance Fee: 2300.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 8638.88
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Guest Parking
  • Year Built: 1994
  • Alternate Key Number: 8861745
  • Building Style: Townhouse
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 1261.00
  • Pool Info: In Ground, Decked, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck, Patio
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1292.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Interior Amenities: Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Wood
  • Half Bathrooms: 1
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Other, Frame, Concrete
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Manned Gate
  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00004590-002201
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 22, 2023
Closed on
Nov 14, 2023
Sold by
Miltko Michael E and Dierkes Jennifer E
Bought by
Hughes Michael F and Hughes Christy
Seller's Agent
Stephanie Wise
Keller Williams Key West Compass Realty
Buyer's Agent
Christy Hughes
Moorings Realty, Inc
List Price
$1,450,000
Sold Price
$1,533,579
Premium/Discount to List
$83,579
5.76%
Views
5
Current Estimated Value
$1,641,662

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$108,083
Avg. Annual Appreciation
3.57%

Purchase Details

Closed on
Mar 19, 2004
Sold by
Smith Rex C and Smith Julie B
Bought by
Miltko Michael E and Dierkes Jennifer E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$544,800
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 2, 2001
Sold by
Design Of Truspec I
Bought by
Smith Rex C and Smith Julie B

Purchase Details

Closed on
Aug 1, 2000
Sold by
Stapleford Harry E and Foley-Stapleford Andrea E
Bought by
Kinsella Peter J

Purchase Details

Closed on
Oct 10, 1997
Sold by
Armstrong Mark and Armstrong Rosemary
Bought by
Truspec Design/Build Inc

Purchase Details

Closed on
Jun 24, 1997
Sold by
Molinet Rudy J and Hoehn Harry Hoehn
Bought by
Armstrong Mark and Armstrong Rosemary

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.97%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1994
Bought by
Miltko Michael E
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 Buyer Sale Price Title Company
Hughes Michael F $1,533,600 None Listed On Document
Miltko Michael E $681,000 First American Title Ins Co
Smith Rex C $498,000 --
Kinsella Peter J $345,000 --
Truspec Design/Build Inc $288,000 --
Armstrong Mark $288,000 --
Miltko Michael E $209,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Miltko Michael E $300,000
Previous Owner Miltko Michael E $544,800
Previous Owner Armstrong Mark $135,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/14/2023 11/14/23 Sold $1,533,579 +5.8% $1,187 / Sq Ft
10/24/2023 10/24/23 Pending -- -- --
10/22/2023 10/22/23 For Sale $1,450,000 -- $1,122 / Sq Ft
Source: Key West Association 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 $9,897 $1,278,605 $787,185 $491,420
2023 $9,897 $1,256,768 $787,185 $469,583
2022 $8,639 $1,045,490 $649,740 $395,750
2021 $8,095 $875,518 $597,967 $277,551
2020 $8,357 $908,518 $650,638 $257,880
2019 $8,543 $921,713 $650,638 $271,075
2018 $8,575 $906,132 $628,434 $277,698
2017 $8,010 $830,631 $0 $0
2016 $7,971 $825,512 $0 $0
2015 $7,239 $683,693 $0 $0
2014 $7,295 $679,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 607125

Key West Association of REALTORS®

APN: 00004590-002201