NOT LISTED FOR SALE

1011 Varela St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $359,000 - $467,000

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. 166% increase in value since last sale

Current estimated payment $2,397/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
$405,730

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
$180,421
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$225,309

Purchase Details

Closed on
Oct 18, 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
9.45%

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

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Kat & Kitten Llc $400,000 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 Maouad Jad $199,200
Previous Owner Borrego Don R $588,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $3,160 $325,605 -- $325,605
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

Not Listed for Sale

Condos

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