NOT LISTED FOR SALE

1011 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $397,000 - $464,000

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. 191% increase in value since last sale

Current estimated payment $2,605/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

  • Pets Allowed with Restrictions

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
$435,876

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
12.15%

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

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
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
Previous Owner Widener Robert L $205,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $3,749 $397,091 -- $397,091
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

    305 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

Not Listed for Sale

Condos

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