NOT LISTED FOR SALE

1011 Whitehead St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,264,355

3 Beds
3.5 Baths
2,050 Sq Ft
$617/Sq Ft Est. Value

Last Sold February 18, 2014

Last sale price $499,000 $243 Per Sq Ft

Est. 153% increase in value since last sale

Current estimated payment $7,282/month

163 Days on Market

Highlights

  • Wood Flooring
  • Laundry Room
  • Ceiling Fan
  • No HOA
  • Central Air

About This Home

As of February 2014

Bank owned! Prime Old Town location. This mixed-use commercial/residential building consists of a commercial storefront and a 3 bedroom/3.5 bath apartment with multiple floors and expansive living space. Great views of the Key West Lighthouse and just walking distance to the Southernmost Point and Duval Street.

Last Agent to Sell the Property

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 08/27/2013

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,846

Year Built

  • Built in 1918

Lot Details

  • 1,125 Sq Ft Lot

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,050 Sq Ft Home
  • Ceiling Fan
  • Range
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Assessor Parcel Number 00027330-000200

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,846

Year Built

Built in 1918

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Document Count: 1
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 3846.00
  • Title: Negotiable
  • Year Built: 1918
  • Alternate Key Number: 8682425
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 1125.00
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2050.00
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Range, Refrigerator
  • Floor: Carpet, Wood, Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00027330-000200
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2014
Sold by
Garner Leon
Bought by
Boleto Properties Llc
Current Estimated Value
$1,264,355

Purchase Details

Listed on
Aug 27, 2013
Closed on
Feb 18, 2014
Sold by
Ob Florida Rre Holdings Llc
Bought by
Garner Leon
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$499,000
Sold Price
$499,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.36%
Original Mortgage
$399,200
Interest Rate
4.55%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
May 6, 2013
Sold by
Rettig Richard L
Bought by
Ob Florida Rre Holdings Llc

Purchase Details

Closed on
Apr 25, 2013
Sold by
Rettig Richard L
Bought by
Iberiabank

Purchase Details

Closed on
Jun 8, 2000
Sold by
Pearson Charles and Roeder Timothy
Bought by
Richard L Rettig Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,500
Interest Rate
8.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 3, 1997
Sold by
Pearson Charles
Bought by
Pearson Charles and Roeder Timothy J

Purchase Details

Closed on
Jul 1, 1985
Bought by
Boleto Properties Llc
Source: Public Records

Range of Values:

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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
Boleto Properties Llc $400,000 None Available
Garner Leon $499,000 Attorney
Ob Florida Rre Holdings Llc -- None Available
Iberiabank -- None Available
Richard L Rettig Revocable Trust $350,000 --
Pearson Charles $100 --
Boleto Properties Llc $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garner Leon $399,200
Previous Owner Rettig Richard L $545,000
Previous Owner Pearson Charles $262,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/18/2014 02/18/14 Sold $499,000 0.0% $243 / Sq Ft
02/06/2014 02/06/14 Pending -- -- --
08/27/2013 08/27/13 For Sale $499,000 -- $243 / 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 $7,264 $741,798 $467,775 $274,023
2023 $7,264 $701,694 $467,775 $233,919
2022 $6,827 $713,798 $467,775 $246,023
2021 $6,380 $586,223 $340,200 $246,023
2020 $5,934 $547,297 $289,170 $258,127
2019 $5,659 $533,527 $275,400 $258,127
2018 $4,870 $472,991 $256,163 $216,828
2017 $4,041 $395,788 $0 $0
2016 $4,251 $395,583 $0 $0
2015 $4,364 $395,465 $0 $0
2014 $4,505 $393,169 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bascom Grooms

    Seller's Agent in 2014

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    66 in this area

    318 Total Sales

    Bascom Grooms
    Section Image

  • T

    Buyer's Agent in 2014

    Tracey Gardiner

    Ocean Sotheby's International Realty

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 118502

Florida Keys Board of REALTORS®

APN: 00027330-000200

Florida Monroe County Key West 33040 Old Town

1011 Whitehead St, Key West, FL

This home is located at 1011 Whitehead St, Key West, FL 33040 since 27 August 2013 and is currently estimated at $1,264,355, approximately $616 per square foot. This property was built in 1918. 1011 Whitehead St 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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