NOT LISTED FOR SALE

1010 Elgin Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,012,000 - $2,535,000

3 Beds
3 Baths
1,628 Sq Ft
$1,432/Sq Ft Est. Value

Last Sold April 19, 2017

Last sale price $1,200,000 $737 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $13,861/month

16 Days on Market

Highlights

  • Detached Guest House
  • Deck
  • Wood Flooring
  • Heated In Ground Pool
  • Key West Architecture
  • 5-minute walk to Dry Tortugas National Park

About This Home

As of April 2017

Tucked away on quiet Elgin Ln. you enter this magical property through the white picket fence surrounded by orchids and lush tropical landscaping. A classic deep front porch with porch swing is perfect for relaxing. The main home is Old Key West at its best with original Dade Co. pine floors, painted wood walls and ceilings. Every room in this home has a special feel.

Last Agent to Sell the Property

Douglas Mayberry

Doug Mayberry Real Estate (KW) Listed on: 03/04/2017

Last Buyer's Agent

Wendy Zintsmaster

Truman & Co. (KW) License #681792

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $10,960

Year Built

  • Built in 1933

Lot Details

  • 4,340 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,628 Sq Ft Home
  • Ceiling Fan
  • Some Wood Windows
  • French Doors
  • Sun or Florida Room
  • Wood Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Pool Deck
  • Outdoor Shower

Outdoor Features

  • Deck
  • Outdoor Water Feature
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage

Additional Homes

  • Detached Guest House

Utilities

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

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00005270-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$10,960

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • 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-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 10959.89
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1933
  • Alternate Key Number: 1005452
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat, Central Air
  • Lot Sq Ft: 4340.00
  • Pool Info: Decked, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1628.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Dryer, Disposal
  • Floor: Wood
  • Specialty Rooms: Laundry Room, Sun/Florida Room
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 3
  • Sq Ft Remarks: Half story area minus 96 feet added to the property appraiser's living area per the property appraiser's calculations.

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Water Display, Storage, Outdoor Shower, Fencing, Lighting, Gazebo
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00005270-000000
  • Lot Size: 52.23 X 80
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 4, 2017
Closed on
Apr 19, 2017
Sold by
Basiliko William and Lundell Marcus
Bought by
Kk Key West Properties Llc
Seller's Agent
Douglas Mayberry
Doug Mayberry Real Estate (KW)
Buyer's Agent
Wendy Zintsmaster
Truman & Co. (KW)
List Price
$1,295,000
Sold Price
$1,200,000
Premium/Discount to List
-$95,000
-7.34%
Current Estimated Value
$2,331,272

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,131,272
Avg. Annual Appreciation
8.25%
Original Mortgage
$839,500
Outstanding Balance
$702,267
Interest Rate
4.23%
Mortgage Type
New Conventional
Estimated Equity
$1,629,005

Purchase Details

Closed on
May 28, 2010
Sold by
Dooley Richard J and Thigpen Sanford R
Bought by
Basiliko William and Lundell Marcus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.03%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2008
Sold by
Thigpen Sanford R
Bought by
Thigpen Sanford R and Dooley Richard J

Purchase Details

Closed on
May 31, 1996
Sold by
Michael and Cochran Tracy Cochran
Bought by
Thigpen Sanford R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,500
Interest Rate
7.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 3, 1995
Sold by
Russell Donna R
Bought by
Cochran Michael and Cochran Tracy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,600
Interest Rate
8.35%
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
Kk Key West Properties Llc $1,200,000 Attorney
Basiliko William $800,000 None Available
Thigpen Sanford R -- None Available
Thigpen Sanford R $295,000 --
Cochran Michael $212,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kk Key West Properties Llc $839,500
Previous Owner Basiliko William $500,000
Previous Owner Dooley Richard J $480,000
Previous Owner Thigpen Sanford R $206,500
Previous Owner Cochran Michael $169,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/19/2017 04/19/17 Sold $1,200,000 -7.3% $737 / Sq Ft
03/20/2017 03/20/17 Pending -- -- --
03/04/2017 03/04/17 For Sale $1,295,000 -- $795 / 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 $14,197 $2,115,906 $1,469,698 $646,208
2023 $14,197 $1,878,405 $1,259,869 $618,536
2022 $12,423 $1,580,287 $954,583 $625,704
2021 $11,405 $1,253,531 $706,031 $547,500
2020 $11,378 $1,254,396 $700,628 $553,768
2019 $11,103 $1,298,488 $738,451 $560,037
2018 $9,907 $1,054,016 $658,031 $395,985
2017 $10,589 $1,109,647 $0 $0
2016 $10,960 $1,174,086 $0 $0
2015 $9,716 $932,029 $0 $0
2014 $9,815 $928,463 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Douglas Mayberry

    Doug Mayberry Real Estate (KW)

  • Wendy Zintsmaster

    Buyer's Agent in 2017

    Wendy Zintsmaster

    Truman & Co. (KW)

    (305) 295-9317

    55 in this area

    114 Total Sales

    Wendy Zintsmaster
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 574574

Florida Keys Board of REALTORS®

APN: 00005270-000000

Florida Monroe County Key West 33040 Old Town

1010 Elgin Ln, Key West, FL

This home is located at 1010 Elgin Ln, Key West, FL 33040 since 04 March 2017 and is currently estimated at $2,331,272, approximately $1,431 per square foot. This property was built in 1933. 1010 Elgin Ln is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and The Basilica School of Saint Mary Star of the Sea.

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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