1012 Varela St Unit 2 Key West, FL 33040
Old Town NeighborhoodEstimated Value: $494,000 - $586,625
1
Bed
1
Bath
241
Sq Ft
7,492
Sq Ft Lot
About This Home
As of December 2024Just the perfect little Key West Cottage that packs a big punch!Great outdoor indoor living is alive and well in this cottage, with two very private outdoor sitting areas, also an above ground pool! This cottage has extreme flow from one side of the property to the end, you never feel as if you are inside or outside, just on a little resort.Open floor plan will greet you inside, all stainless steel appliances in the kitchen area. Nice bathroom with a walk in shower. This cottage has both a washer and dryer.Extremely low HOA in this X-Flood zone location.You can walk or ride your bike to all that Key West has to offer, now we just need you!Call today for your private showing.
Last Agent to Sell the Property
RE/MAX Keys Connection (KW) License #3428120 Listed on: 07/01/2024
Last Buyer's Agent
Juan Benitez
Compass Realty (KW)
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 1, 2024
Closed on
Dec 10, 2024
Sold by
Fernandez Miguel
Bought by
Finkelstein Mandy J
Seller's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
Buyer's Agent
Juan Benitez
Compass Realty (KW)
List Price
$540,000
Sold Price
$513,000
Premium/Discount to List
-$27,000
-5%
Views
895
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,156
Avg. Annual Appreciation
5.50%
Original Mortgage
$353,500
Outstanding Balance
$352,211
Interest Rate
6.5%
Mortgage Type
New Conventional
Estimated Equity
$176,109
Purchase Details
Listed on
May 26, 2022
Closed on
Jul 8, 2022
Sold by
Joel Skidmore Steven
Bought by
Fernandez Miguel
Seller's Agent
Sara Hallett
eXp Realty LLC
Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
List Price
$559,000
Sold Price
$492,000
Premium/Discount to List
-$67,000
-11.99%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1.73%
Original Mortgage
$170,000
Interest Rate
8%
Mortgage Type
New Conventional
Purchase Details
Listed on
Jun 2, 2020
Closed on
Jul 7, 2020
Sold by
Phillips Luna E and Phillips Stephen T
Bought by
Skidmore Steven Joel and Savastano Annie C
Seller's Agent
Allison Findlay
Preferred Properties (KW)
Buyer's Agent
Sara Hallett
eXp Realty LLC
List Price
$249,000
Sold Price
$247,000
Premium/Discount to List
-$2,000
-0.8%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
41.13%
Original Mortgage
$175,000
Interest Rate
4.4%
Mortgage Type
New Conventional
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Finkelstein Mandy J | $513,000 | None Listed On Document | |
| Fernandez Miguel | $492,000 | Oropeza Stones Cardenas Pllc | |
| Skidmore Steven Joel | $247,000 | Gunster Yoakley & Stewart Pa |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Finkelstein Mandy J | $353,500 | |
| Previous Owner | Fernandez Miguel | $170,000 | |
| Previous Owner | Skidmore Steven Joel | $175,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/10/2024 12/10/24 | Sold | $513,000 | -3.2% | $2,129 / Sq Ft |
| 07/24/2024 07/24/24 | Price Changed | $530,000 | -1.9% | $2,199 / Sq Ft |
| 07/01/2024 07/01/24 | For Sale | $540,000 | +9.8% | $2,241 / Sq Ft |
| 07/08/2022 07/08/22 | Sold | $492,000 | -1.0% | $2,041 / Sq Ft |
| 06/11/2022 06/11/22 | Pending | -- | -- | -- |
| 06/08/2022 06/08/22 | Price Changed | $497,000 | -11.1% | $2,062 / Sq Ft |
| 05/26/2022 05/26/22 | For Sale | $559,000 | +126.3% | $2,320 / Sq Ft |
| 07/07/2020 07/07/20 | Sold | $247,000 | -0.8% | $1,025 / Sq Ft |
| 06/22/2020 06/22/20 | Pending | -- | -- | -- |
| 06/02/2020 06/02/20 | For Sale | $249,000 | -- | $1,033 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $3,816 | $492,793 | -- | $492,793 |
| 2023 | $3,816 | $400,500 | $0 | $400,500 |
| 2022 | $2,648 | $348,451 | $0 | $348,451 |
| 2021 | $2,187 | $200,845 | $0 | $200,845 |
| 2020 | $1,754 | $200,845 | $0 | $200,845 |
Source: Public Records
Agents Affiliated with this Home
-
Bobby Coe
Seller's Agent in 2024
Bobby Coe
RE/MAX
(305) 363-9665
39 in this area
132 Total Sales
-
J
Buyer's Agent in 2024
Juan Benitez
Compass Realty (KW)
-
Juan Benitez Benitez
Buyer's Agent in 2024
Juan Benitez Benitez
Keller Williams Key West Compass Realty
(305) 587-9230
19 in this area
50 Total Sales
-
S
Seller's Agent in 2022
Sara Hallett
eXp Realty LLC
(305) 434-5389
18 in this area
60 Total Sales
-
S
Buyer's Agent in 2022
Scott Forman
ICAMCO Real Estate Inc. (KW)
-
Allison Findlay
Seller's Agent in 2020
Allison Findlay
Preferred Properties (KW)
(305) 395-0615
20 in this area
38 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 610629
APN: 00032600-000200
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