NOT LISTED FOR SALE

1011 Varela St Unit 5 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $386,958 - $434,000

1 Bed
1 Bath
211 Sq Ft
$141/mo HOA Fee

Last Sold March 31, 2020

Last sale price $259,500 $1,230 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $2,578/month

46 Days on Market

Highlights

  • Patio
  • Ceiling Fan
  • 1-minute walk to Higgs Beach Dog Park

About This Home

As of March 2020

Perfect, plain and tiny, this very clean efficiency apartment is well located, one block West of White Street, one block South of Truman, and a comfortable walking distance to downtown Old Town Key West. Rare efficiency, recently updated with new appliances, new double pain doors and windows. Well priced for a investment property or starter home.

Last Listed By

Theo Glorie

Theo Glorie, Inc License #3229969 Listed on: 12/05/2019

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,237

Year Built

  • Built in 1968

Lot Details

  • 4,051

HOA Fees

  • $141 Monthly HOA Fees

Interior Spaces

  • 1 Full Bathroom
  • 211 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer

Outdoor Features

  • Patio

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00032560-000105

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Gwynn Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,237

Year Built

Built in 1968

Lot Details

0

HOA Fees

$141 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 141.00
  • Mandatory HOA: Yes
  • Document Count: 3
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • 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: 1236.56
  • Year Built: 1968
  • Alternate Key Number: 9072933
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 211.00
  • G F Bldg Materials: Double Paned Windows
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Freezer, Refrigerator, Range, Oven, Microwave
  • Windows/Doors: Aluminum Windows

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Roof: Other Roof
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032560-000105
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 28, 2022
Sold by
Steele Jason W and Steele Danielle V
Bought by
Goodheartsteele Llc
Total Days on Market
46
Current Estimated Value
$406,490

Purchase Details

Listed on
Dec 5, 2019
Closed on
Apr 1, 2020
Sold by
Sasso Anthony P and Sasso Athena
Bought by
Steele Jason W and Buonocore Danielle V
Seller's Agent
Theo Glorie
Theo Glorie, Inc
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$269,000
Sold Price
$259,500
Premium/Discount to List
-$9,500
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.70%
Original Mortgage
$139,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 5, 2019
Closed on
Mar 31, 2020
Sold by
Sasso Anthony P and Sasso Athena
Bought by
Steele Jason W and Buonocore Danielle V
Seller's Agent
Theo Glorie
Theo Glorie, Inc
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$269,000
Sold Price
$259,500
Premium/Discount to List
-$9,500
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,750
Interest Rate
3.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2017
Closed on
May 15, 2018
Sold by
Mccown Allen L
Bought by
Sasso Anthony P and Sasso Athena
Seller's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$235,100
Sold Price
$190,000
Premium/Discount to List
-$45,100
-19.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
17.93%
Original Mortgage
$117,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2017
Closed on
May 11, 2018
Sold by
Mccown Allen L
Bought by
Sasso Anthony P and Sasso Athena
Seller's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$235,100
Sold Price
$190,000
Premium/Discount to List
-$45,100
-19.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 20, 2017
Closed on
May 9, 2018
Sold by
Mccown Allen L
Bought by
Sasso Anthony P and Sasso Athena
Seller's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
Buyer's Agent
Theo Glorie
Bicoastal Realty
List Price
$235,100
Sold Price
$190,000
Premium/Discount to List
-$45,100
-19.18%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$117,500
Interest Rate
4.44%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 24, 2016
Sold by
Ockunzzi Christine L
Bought by
Mccown Allen L

Purchase Details

Closed on
May 8, 2006
Sold by
Goldsmith Mark J and Flatt Keith E
Bought by
Mccown Allen L and Ockunzzi Christine L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$192,000
Interest Rate
1%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
May 10, 2004
Bought by
Mccown Allen L

Range of Values:

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Average Value
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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
Goodheartsteele Llc -- Levinson & Gritter Llp
Steele Jason W $259,500 None Listed On Document
Steele Jason W $259,500 None Listed On Document
Sasso Anthony P $190,000 None Listed On Document
Sasso Anthony P $190,000 None Listed On Document
Mccown Allen L -- Attorney
Mccown Allen L $240,000 Chicago Title Of The Fl Keys
Mccown Allen L $210,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Steele Jason W $139,750
Previous Owner Steele Jason W $139,750
Previous Owner Sasso Anthony P $117,500
Previous Owner Sasso Anthony P $117,500
Previous Owner Sasso Anthony P $117,500
Previous Owner Mccown Allen L $192,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2020 03/31/20 Sold $259,500 -3.5% $1,230 / Sq Ft
01/21/2020 01/21/20 For Sale $269,000 0.0% $1,275 / Sq Ft
01/20/2020 01/20/20 Pending -- -- --
12/05/2019 12/05/19 For Sale $269,000 +41.6% $1,275 / Sq Ft
05/11/2018 05/11/18 Sold $190,000 -19.2% $900 / Sq Ft
05/10/2018 05/10/18 Pending -- -- --
12/20/2017 12/20/17 For Sale $235,100 -- $1,114 / 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 $2,206 $286,280 -- $286,280
2023 $2,206 $207,980 $0 $207,980
2022 $2,056 $194,931 $0 $194,931
2021 $2,199 $202,219 $0 $202,219
2020 $2,013 $202,219 $0 $202,219
2019 $1,779 $154,366 $0 $154,366
2018 $1,647 $139,243 $139,243 $0
2017 $1,597 $139,243 $0 $0
2016 $1,593 $139,243 $0 $0
2015 $1,440 $102,217 $0 $0
2014 $1,480 $102,217 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Theo Glorie

    Seller's Agent in 2020

    Theo Glorie

    Theo Glorie, Inc

    (305) 304-9438

    1 in this area

    4 Total Sales

    Section Image
  • Dawn Thornburgh

    Seller's Agent in 2018

    Dawn Thornburgh

    Beach Club Brokers (KW)

    (305) 304-1067

    8 in this area

    38 Total Sales

    Dawn Thornburgh
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 588529

Florida Keys Board of REALTORS®

APN: 00032560-000105

Florida Monroe County Key West 33040 Old Town

1011 Varela St Unit 5, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1011 Varela St Unit 5, Key West, FL 33040 since 05 December 2019 and is currently estimated at $406,490, approximately $1,926 per square foot. This property was built in 1968. 1011 Varela St Unit 5 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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