NOT LISTED FOR SALE

1011 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $439,000 - $584,000

1 Bed
1 Bath
353 Sq Ft
436 Sq Ft Lot

Last Sold September 02, 2016

Last sale price $150,000 $425 Per Sq Ft

Est. 230% increase in value since last sale

Current estimated payment $2,987/month

42 Days on Market

About This Home

As of September 2016

Just listed! Ideal location in Old Town Key West. This is a perfect starter property or investment property. Centrally located near shopping, dining, and the arts district.

Last Agent to Sell the Property

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 06/08/2016

Last Buyer's Agent

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 06/08/2016

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,922

Year Built

  • Built in 1968

Lot Details

  • 436

Home Design

  • 353 Sq Ft Home

Kitchen

  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Listing and Financial Details

  • Assessor Parcel Number 00032560-000102

Community Details

Overview

  • No Home Owners Association
  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Old Town Unlisted Subdivision

Pet Policy

  • Pet Restriction: PETR

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,922

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: 179.61
  • Mandatory HOA: No
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: PETR
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 1922.00
  • Year Built: 1968
  • Alternate Key Number: 9072900
  • Lot Sq Ft: 353.00
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 353.00
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Built-in Cabinets
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X ZONE
  • Parcel Number: 00032560-000102
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.01

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 2, 2023
Sold by
Maouad-Varela 2
Bought by
P & Tb Llc
Current Estimated Value
$495,392

Purchase Details

Closed on
Oct 16, 2019
Sold by
Maouad Jad and Maouad Ghada
Bought by
Maouad Varela 2 Llc

Purchase Details

Listed on
Jun 8, 2016
Closed on
Sep 2, 2016
Sold by
Snow Mary E
Bought by
Maouad Jad
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
List Price
$199,000
Sold Price
$150,000
Premium/Discount to List
-$49,000
-24.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.15%

Purchase Details

Closed on
Jun 23, 2004
Sold by
Borrego Don R and Borrego Gina M
Bought by
Widener Robert L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,500
Interest Rate
5.62%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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Range of Values:

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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
P & Tb Llc $395,000 None Listed On Document
Maouad Varela 2 Llc -- Accommodation
Maouad Jad $150,000 None Available
Widener Robert L $274,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open P & Tb Llc $150,000
Previous Owner Widener Robert L $205,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/02/2016 09/02/16 Sold $150,000 -24.6% $425 / Sq Ft
07/20/2016 07/20/16 Pending -- -- --
06/08/2016 06/08/16 For Sale $199,000 -- $564 / 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 $2,851 $397,091 -- $397,091
2023 $2,851 $285,102 $0 $285,102
2022 $2,646 $266,437 $0 $266,437
2021 $2,861 $277,914 $0 $277,914
2020 $2,849 $277,914 $0 $277,914
2019 $2,386 $223,270 $0 $223,270
2018 $2,249 $204,060 $204,060 $0
2017 $2,282 $204,060 $0 $0
2016 $2,151 $204,060 $0 $0
2015 $1,922 $150,580 $0 $0
2014 $1,983 $150,580 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bascom Grooms

    Seller's Agent in 2016

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    67 in this area

    334 Total Sales

    Bascom Grooms
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 123416

Florida Keys Board of REALTORS®

APN: 00032560-000102

Florida Monroe County Key West 33040 Old Town

1011 Varela St Unit 2, Key West, FL

This home is located at 1011 Varela St Unit 2, Key West, FL 33040 since 08 June 2016 and is currently estimated at $495,392, approximately $1,403 per square foot. This property was built in 1968. 1011 Varela St Unit 2 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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