NOT LISTED FOR SALE

1011 Varela St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $409,474 - $550,000

1 Bed
1 Bath
300 Sq Ft
3,920 Sq Ft Lot

Last Sold February 02, 2015

Last sale price $152,250 $508 Per Sq Ft

Est. 205% increase in value since last sale

Current estimated payment $2,780/month

120 Days on Market

Highlights

  • No HOA
  • Fenced
  • 1-minute walk to Higgs Beach Dog Park

About This Home

As of February 2015

This is an Auction. Well taken care of studio condo in Old Town. Close to downtown and walking distance to Key West restaurants and activities. Included is a nice common area for entertaining.

Last Agent to Sell the Property

Steven Eid

Sunshine State Realty Services Listed on: 09/16/2014

Last Buyer's Agent

Susan Rich

Prestige Realty BPK

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,816

Year Built

  • Built in 1968

Lot Details

  • 3,920

Home Design

  • 300 Sq Ft Home

Parking

  • 1 Parking Space
  • Off-Street Parking

Additional Features

  • Oven
  • 1 Full Bathroom
  • Fenced
  • Ground Level
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • No Home Owners Association
  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Gwynn Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,816

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 100.00
  • Mandatory HOA: No
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: Yes
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 1816.00
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1968
  • Alternate Key Number: 9072889
  • Building Style: Ground Level
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 4072.00
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 300.00
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven, Refrigerator

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 8, 2023
Sold by
Maouad-Varela 1 Llc
Bought by
Kat & Kitten Llc
Current Estimated Value
$464,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Outstanding Balance
$181,851
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$233,430

Purchase Details

Closed on
Oct 18, 2019
Sold by
Maouad and Ghada
Bought by
Maouad-Varela 1 Llc

Purchase Details

Closed on
Oct 16, 2019
Sold by
Maouad and Ghada
Bought by
Maouad-Varela 1 Llc

Purchase Details

Listed on
Sep 16, 2014
Closed on
Jan 22, 2015
Sold by
Nationstar Mortgage Llc
Bought by
Maouad Jad and Maouad Ghada
Seller's Agent
Steven Eid
Sunshine State Realty Services
Buyer's Agent
Susan Rich
Prestige Realty BPK
List Price
$138,600
Sold Price
$152,250
Premium/Discount to List
$13,650
9.85%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.12%

Purchase Details

Closed on
Aug 12, 2014
Sold by
Rhoades Shirrel and Rhoades Diane L
Bought by
Nationstar Mortgage Llc

Purchase Details

Closed on
May 10, 2004
Bought by
Maouad Jad

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
5.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 30, 2003
Sold by
Leander Kevin and Souto Ronald J
Bought by
Borrego Don R and Borrego Gina M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$588,200
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Similar Homes in Key West, FL

  • 1014 Varela St Unit 3, Key West, FL 33040

    $399,000

    • 1 Bed
    • 1 Bath
    • 308 Sq Ft
    • 1014 Varela St
    • Unit 3
    • Key West, FL

    Discover a unique opportunity to own a cozy 1-bedroom, 1-bath condominium ideally situated near vibrant downtown Key West, offering the perfect canvas for those with a vision to rejuvenate. While the property may need some TLC, its prime location allows for easy access to local shops, restaurants, and stunning beaches, making it an appealing option for both personal retreats and investment

    Letisia Powell Robert Slack LLC

    Section Image
  • 1124 Catherine St Unit 201, Key West, FL 33040

    $489,000

    • 1 Bed
    • 1 Bath
    • 454 Sq Ft
    • 1124 Catherine St
    • Unit 201
    • Key West, FL

    Charming 1-bedroom, 1-bathroom condo offering 454 square feet of living space. The condo boasts an open floor plan with hurricanes rated windows, one assigned parking spot and also located in the X Flood Zone. The property is just few a few blocks from vibrant Duval Street, known for entertainment and dining options and additionally, it's within walking distance to the dog park, beaches, wildlife

    Team Spottswood/Vazquez Truman & Co. (KW)

    Section Image
  • 1318 Duncan St Unit 3, Key West, FL 33040

    $549,900

    • 1 Bed
    • 1 Bath
    • 368 Sq Ft
    • 1318 Duncan St
    • Unit 3
    • Key West, FL

    Great opportunity to own your own home or have an excellent source of rental income. Currently the least expensive detached residence in Key West. This renovated one bedroom condo cottage overlooking the large communal pool is just one block to vibrant White St with its cafes and restaurants, gourmet food stores, galleries and yoga studios. A short walk or bike ride to the beaches and the heart

    Rob Severin Rob Severin Real Estate Co

    Section Image
  • 1500 Seminary St Unit 5A, Key West, FL 33040

    $575,000

    • 1 Bed
    • 1 Bath
    • 525 Sq Ft
    • 1500 Seminary St
    • Unit 5A
    • Key West, FL

    Welcome to this charming 1-bedroom, 1-bathroom apartment nestled in the heart of Key West. Located on desirable Seminary Street, this cozy yet functional home offers a perfect mix of comfort, character, and convenience.Step inside to find an open living space with hard flooring throughout the living room, office nook, and bedroom, complemented by easy-to-clean tile in the kitchen and bath.

    Jaime Caballero Key West Vacation Properties & Realty, LLC (KW)

    Section Image
  • 3312 Northside Dr Unit 407, Key West, FL 33040

    $453,000

    • 2 Beds
    • 2 Baths
    • 696 Sq Ft
    • 3312 Northside Dr
    • Unit 407
    • Key West, FL

    First time on the market since 1982. Santa clara condo building has been totally renovated with its 40 year inspection completed with no assesments to worry about This 2 bedroom 2 bath has all the updates and has tenants until 12/31/2025 paying $ 3100 per month . The tenants would like to stay . Need at least 24 hrs to show . Owners are license realtors

    Louis Condos Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • 3312 Northside Dr Unit 707, Key West, FL 33040

    $519,000

    • 2 Beds
    • 2 Baths
    • 696 Sq Ft
    • 3312 Northside Dr
    • Unit 707
    • Key West, FL

    Stunning Renovated 2-Bedroom Condo with Panoramic Ocean Views - Key West, FLWelcome to your slice of paradise! This beautifully renovated 2-bedroom, 2-bath condo on the 7th floor offers breathtaking, unobstructed ocean views and the best of island living in Key West.Step inside to find a bright and airy open-concept living space, complete with modern finishes, sleek tile flooring, and expansive

    Terrance Sullivan Ocean Sotheby's International Realty

    Section Image
  • 3312 Northside Dr Unit 316, Key West, FL 33040

    $459,900

    • 2 Beds
    • 2 Baths
    • 696 Sq Ft
    • 3312 Northside Dr
    • Unit 316
    • Key West, FL

    Experience island living at its finest in this beautiful 2-bedroom, 2-bathroom condo located on the third floor in a secure, gated community in Key West. Enjoy breathtaking views from your private balcony, perfect for watching sunsets or simply relaxing while soaking in the island atmosphere.This well-maintained unit features spacious living areas with plenty of natural light, offering both

    Marc Spivey Keller Williams Key West Compass Realty

    Section Image
  • 3312 Northside Dr Unit 405, Key West, FL 33040

    $394,000

    • 1 Bed
    • 1 Bath
    • 528 Sq Ft
    • 3312 Northside Dr
    • Unit 405
    • Key West, FL

    Excellent investment! Own in Key West under 400k. This one bed one bath condo is conveniently located in a shopping area with easy access to Duval and US 1. It is one of the few gated communities in Key West. You have ample parking, storage, pool, tennis courts, laundry, on site management, etc. The unit has new flooring, new AC unit, new electrical panel, updated kitchen, new appliances, even

    Karen Angle Coldwell Banker Schmitt Real Estate Co.

    Section Image
  • 3312 Northside Dr Unit 607, Key West, FL 33040

    $499,999

    • 2 Beds
    • 1 Bath
    • 696 Sq Ft
    • 3312 Northside Dr
    • Unit 607
    • Key West, FL

    2 BEDROOMS 2 BATHROOMS WITH BALCONY, GATED COMMUNITY, HUGE POOL, TENNIS COURT ,PLENTY OF PARKING AND WALKING DISTANCE OF SHOPPING, GROCERIES, RESTAURANTS AND MOVIE THEATRE.

    Bigya Niroula (Rihanna) eXp Realty LLC KW Branch

    Section Image
See All Homes in Key West

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kat & Kitten Llc $400,000 None Listed On Document
Maouad-Varela 1 Llc $100 None Listed On Document
Maouad-Varela 1 Llc $100 None Listed On Document
Maouad Jad $152,250 Servicelink Llc
Nationstar Mortgage Llc $234,596 None Available
Maouad Jad $249,000 --
Borrego Don R $692,000 Chicago Title Of The Fl Keys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kat & Kitten Llc $185,000
Previous Owner Rhoades Shirrel $213,000
Previous Owner Maouad Jad $199,200
Previous Owner Borrego Don R $588,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/02/2015 02/02/15 Sold $152,250 +9.8% $508 / Sq Ft
01/14/2015 01/14/15 Pending -- -- --
09/16/2014 09/16/14 For Sale $138,600 -- $462 / 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 $2,430 $325,605 -- $325,605
2023 $2,430 $234,836 $0 $234,836
2022 $2,260 $219,708 $0 $219,708
2021 $2,417 $227,153 $0 $227,153
2020 $2,406 $227,153 $0 $227,153
2019 $2,032 $183,178 $0 $183,178
2018 $1,909 $166,302 $166,302 $0
2017 $1,936 $166,302 $0 $0
2016 $2,023 $166,302 $0 $0
2015 $1,628 $121,110 $0 $0
2014 $1,736 $121,110 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Steven Eid

    Sunshine State Realty Services

  • S

    Buyer's Agent in 2015

    Susan Rich

    Prestige Realty BPK

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 120350

Florida Keys Board of REALTORS®

APN: 00032560-000101

Florida Monroe County Key West 33040 Old Town

1011 Varela St Unit 1, Key West, FL

This home is located at 1011 Varela St Unit 1, Key West, FL 33040 since 16 September 2014 and is currently estimated at $464,369, approximately $1,547 per square foot. This property was built in 1968. 1011 Varela St Unit 1 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.

Nearby Homes