NOT LISTED FOR SALE

Estimated Value: $765,711 - $933,000

1 Bed
1 Bath
518 Sq Ft
$1,587/Sq Ft Est. Value

Last Sold May 30, 2023

Last sale price $777,000 $1,500 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,748/month

59 Days on Market

About This Home

As of May 2023

Quintessential Old Town Cottage at the epicenter of downtown Key West. Completed by the current owner it has custom features throughout including Ipe cabinets, hard wood floors, sky lights and a Mahogany front door. A proper kitchen for culinary creations with all stainless steel appliances including a Wolf range, Viking ventilation and a huge stainless steel farmers sink. Saturated with charm, this one bedroom & one bath home has a loft for lots of extra storage. The great room has French doors that open on to a decked and fully fenced back yard. Lounge on your front porch and enjoy all the people watching Key West has to offer! The perfect get-away spot, just a few blocks from Duval St., shopping, galleries, Fort Zackery Taylor beach and the Truman Waterfront.

Last Agent to Sell the Property

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #3264225 Listed on: 12/31/2022

Co-Listed By

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #161619

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,873

Year Built

1994

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 3768.00
  • Year Built: 1994
  • Alternate Key Number: 8929601
  • Building Style: Conch
  • Cooling Heating: Central Air
  • Lot Sq Ft: 1392.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 518.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-395-2360
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Sky Light(s)
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Range, Refrigerator, Dryer
  • Floor: Wood
  • Total Bedrooms: 1
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

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

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00026680-000100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 31, 2022
Closed on
May 30, 2023
Sold by
Wilson Mark
Bought by
Simpson Lisa Anne and Simpson David
Seller's Agent
John Spottswood
Truman & Co. (KW)
Buyer's Agent
Creative Technology
List Price
$810,000
Sold Price
$777,000
Premium/Discount to List
-$33,000
-4.07%
Views
537
Current Estimated Value
$822,178

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,178
Avg. Annual Appreciation
2.49%
Original Mortgage
$582,750
Outstanding Balance
$567,785
Interest Rate
6.39%
Mortgage Type
New Conventional
Estimated Equity
$254,393

Purchase Details

Closed on
Nov 19, 2004
Sold by
Goddard Stephen D and Wood Anthony Scot
Bought by
Wilson Mark

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$599,000
Interest Rate
5.66%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 29, 2003
Sold by
Cerullo Michael and Cerullo Maureen
Bought by
Goddard Stephen D and Wood Anthony Scot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$308,000
Interest Rate
6.28%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2002
Sold by
Cave Holdings 1016 Howe Street
Bought by
Cerullo Michael and Cerullo Maureen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$178,430
Interest Rate
5.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 5, 2001
Sold by
Northside Builders Inc
Bought by
Cave Holdings-1016 Howe Street

Purchase Details

Closed on
Jun 20, 2000
Bought by
Wilson Mark
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
Simpson Lisa Anne $777,000 None Listed On Document
Wilson Mark $599,000 Chicago Title Of The Fl Keys
Goddard Stephen D $385,000 --
Cerullo Michael $254,900 --
Cave Holdings-1016 Howe Street $120,000 --
Wilson Mark $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Simpson Lisa Anne $582,750
Previous Owner Wilson Mark $599,000
Previous Owner Goddard Stephen D $100,000
Previous Owner Goddard Stephen D $404,000
Previous Owner Goddard Stephen D $308,000
Previous Owner Cave Holdings-1016 Howe Street $178,430
Closed Goddard Stephen D $77,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/30/2023 05/30/23 Sold $777,000 -4.1% $1,500 / Sq Ft
12/31/2022 12/31/22 For Sale $810,000 -- $1,564 / 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 $4,873 $664,509 $471,303 $193,206
2023 $4,873 $674,435 $483,998 $190,437
2022 $3,926 $0 $0 $0
2021 $3,676 -- -- --
2020 $3,676 $373,663 $230,098 $143,565
2019 -- $368,353 $241,206 $127,147
2018 -- $160,745 $0 $0
2017 -- $157,439 $0 $0
2016 -- $154,201 $0 $0
2015 -- $153,129 $0 $0
2014 -- $148,125 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 603584

Key West Association of REALTORS®

APN: 00026680-000100