$190,000
SOLD MAY 11, 2018

1011 Varela St Unit 5 Key West, FL 33040

Old Town Neighborhood
-- Bed
1 Bath
211 Sq Ft
$141/mo HOA Fee

Recently Sold

$900 Per Sq Ft

19% Below List Price

141 Days on Market

Highlights

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

About This Home

As of March 2020

Perfect, plain and tiny. This efficiency apartment is well located, one block West of White Street, one block South of Truman, in Old Town Key West. Rare efficiency with an actual kitchen along one wall and a wonderful shared backyard, perfect for BBQs or garden reading. Great for a pied-a-terre for someone up the keys who doesn't want to drive home after the Red Barn performance; ideal housing for a single service person who doesn't want to move when the landlord says it is time to sell; or an entry-level investment property (rents for $1100/month plus electric). No car is necessary; an easy walk or bike ride to anywhere in the historic district. Tenant occupied so please give as much notice as possible!

Last Agent to Sell the Property

Dawn Thornburgh

Beach Club Brokers (KW) License #411773 Listed on: 12/20/2017

Last Buyer's Agent

Theo Glorie

Bicoastal Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,593

Year Built

  • Built in 1968

HOA Fees

  • $141 Monthly HOA Fees

Interior Spaces

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

Kitchen

  • Oven
  • Range

Location

  • Ground Level

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00032560-000105

Community Details

Overview

  • Association fees include building insurance, sewer, water, common area mnt
  • 5 Units
  • Gwynn Sub Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,593

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 Approval Required: Yes
  • Association Fee: 141.00
  • Mandatory HOA: Yes
  • Fee Includes: Building Insurance, Sewer, Water, Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 1593.21
  • Title: Negotiable
  • Year Built: 1968
  • Alternate Key Number: 9072933
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 211.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven, Refrigerator, Range
  • Floor: Tile

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • 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: Unfurnished

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 5.00

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
Current Estimated Value
$433,128

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
8.34%
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
Source: Public Records

Range of Values:

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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 Type Sale Price Title Company
Quit Claim Deed -- Levinson & Gritter Llp
Warranty Deed $259,500 None Listed On Document
Warranty Deed $259,500 None Listed On Document
Warranty Deed $190,000 None Listed On Document
Warranty Deed $190,000 None Listed On Document
Warranty Deed -- Attorney
Warranty Deed $240,000 Chicago Title Of The Fl Keys
Warranty Deed $210,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $139,750 New Conventional
Previous Owner $139,750 New Conventional
Previous Owner $117,500 New Conventional
Previous Owner $117,500 New Conventional
Previous Owner $117,500 Commercial
Previous Owner $192,000 Fannie Mae Freddie Mac
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

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 577945

Florida Keys Board of REALTORS®

APN: 00032560-000105