NOT LISTED FOR SALE

1010 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,870,643 - $3,417,000

6 Beds
5 Baths
3,044 Sq Ft
$828/Sq Ft Est. Value

Last Sold June 04, 2021

Last sale price $1,400,000 $460 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $14,467/month

28 Days on Market

Highlights

  • Spa
  • Deck
  • No HOA
  • 0.14 Acre Lot
  • Granite Countertops
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of June 2021

This 1800's home has been luxuriously updated. There are currently four units most with granite counters, hardwood floors, tiled baths, and central air conditioning and heat. The largest unit is over 1100 square feet with two bedrooms and two baths plus a study. The vaulted kitchen and living area look out onto the large deck and gardens with hot tub and room for a pool. Other units are each well-appointed, some with Dade pine. Off street parking for one car. Owner is a Florida licensed real estate broker.

Last Agent to Sell the Property

Sabrina Acevedo

Doug Mayberry Real Estate (KW) Listed on: 04/22/2021

Last Buyer's Agent

Sabrina Acevedo

Internet Realty of the Florida Keys Inc License #697650

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,348

Year Built

  • Built in 1938

Lot Details

  • 5,939 Sq Ft Lot
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,044 Sq Ft Home
  • Ceiling Fan
  • Some Wood Windows
  • French Doors
  • Storage

Kitchen

  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Deck
  • Shed

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00032590-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,348

Year Built

Built in 1938

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
  • Fee Includes: None
  • 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
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 8348.41
  • Vehicle Storage: Off Street Parking
  • Year Built: 1938
  • Alternate Key Number: 1033359
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat, Central Air
  • Lot Sq Ft: 5939.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 3044.00
  • Pre Wired: Surround Sound
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Granite Counter Top, Storage, Walk-in Closet(s)
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Washer, Refrigerator, Microwave, Dryer
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 6
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed, Storage, Outdoor Shower, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032590-000000
  • Lot Size: 53.67 x 98.67
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 22, 2021
Closed on
Jun 4, 2021
Sold by
Mayberry Douglas G and Douglas G Mayberry Living Trus
Bought by
1010 Varela Llc
Seller's Agent
Sabrina Acevedo
Doug Mayberry Real Estate (KW)
Buyer's Agent
Sabrina Acevedo
Doug Mayberry Real Estate (KW)
List Price
$1,600,000
Sold Price
$1,400,000
Premium/Discount to List
-$200,000
-12.5%
Current Estimated Value
$2,521,411

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,121,411
Avg. Annual Appreciation
13.47%
Original Mortgage
$630,000
Interest Rate
2.9%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Nov 30, 2010
Sold by
Mayberry Douglas G
Bought by
Mayberry Douglas G and Douglas G Mayberry Living Trust

Purchase Details

Closed on
Nov 17, 2010
Sold by
Mayberry Douglas G and Philip Michael A
Bought by
Mealus Eric D and Cognevich Joel

Purchase Details

Closed on
Sep 26, 2005
Sold by
Mayberry Douglas G
Bought by
Mayberry Douglas G and Philip Michael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
5.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 4, 2003
Sold by
Sheldon Philip S
Bought by
Mayberry Douglas G

Purchase Details

Closed on
Aug 1, 1996
Bought by
Mayberry Douglas G Living Trust 2/3/2004
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
1010 Varela Llc $1,400,000 Attorney
Mayberry Douglas G -- None Available
Mealus Eric D -- Attorney
Mayberry Douglas G -- Attorney
Mayberry Douglas G -- --
Mayberry Douglas G $242,000 --
Mayberry Douglas G Living Trust 2/3/2004 $359,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1128-1130 Duval Llc $1,300,000
Closed Venter Marius L $1,800,000
Closed 1010 Varela Llc $630,000
Previous Owner Mayberry Douglas G $855,000
Previous Owner Mayberry Douglas G $200,000
Previous Owner Mayberry Douglas G $100,000
Previous Owner Mayberry Douglas $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/04/2021 06/04/21 Sold $1,400,000 -12.5% $460 / Sq Ft
05/20/2021 05/20/21 Pending -- -- --
04/22/2021 04/22/21 For Sale $1,600,000 -- $526 / 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 $12,411 $1,497,494 $818,558 $678,936
2023 $12,411 $1,260,988 $603,417 $657,571
2022 $11,565 $1,184,696 $520,435 $664,261
2021 $8,416 $806,269 $0 $0
2020 $8,348 $823,875 $0 $0
2019 $7,758 $730,851 $0 $0
2018 $7,525 $693,653 $0 $0
2017 $7,628 $693,514 $0 $0
2016 $8,207 $804,444 $0 $0
2015 $7,978 $762,275 $0 $0
2014 $7,335 $597,710 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sabrina Acevedo

    Doug Mayberry Real Estate (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 595775

Florida Keys Board of REALTORS®

APN: 00032590-000000

Florida Monroe County Key West 33040 Old Town

1010 Varela St, Key West, FL

This home is located at 1010 Varela St, Key West, FL 33040 since 22 April 2021 and is currently estimated at $2,521,411, approximately $828 per square foot. This property was built in 1938. 1010 Varela St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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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