$513,000
SOLD DEC 10, 2024

1012 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood
-- Bed
1 Bath
241 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$2,129 Per Sq Ft

5% Below List Price

126 Days on Market

About This Home

As of December 2024

Just 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

Bobby Coe

RE/MAX Keys Connection (KW) License #3428120

RE/MAX Keys Connection (KW)

Last Buyer's Agent

Juan Benitez

Compass Realty (KW)

Map

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,816

Year Built

1908

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: Yes
  • Association Fee: 80.50
  • Mandatory HOA: Yes
  • Document Count: 2
  • Fee Includes: Sewer, Common Area Mnt, Building Insurance, Water
  • 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: 365.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 3815.57
  • Title: Negotiable
  • Year Built: 1908
  • Alternate Key Number: 9104523
  • Building Style: Cigar Maker
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Pool Info: Above Ground
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 241.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Water Purification, Stainless Steel Appliance(s), Ice Machine, Microwave, Oven, Refrigerator, Dishwasher, Dryer

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Other
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032600-000200
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





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

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

Mortgage History

Date Status Loan Amount Loan Type
Open $353,500 New Conventional
Previous Owner $170,000 New Conventional
Previous Owner $175,000 New Conventional
Source: Public Records

Deed History

Date Type Sale Price Title Company
Warranty Deed $513,000 None Listed On Document
Warranty Deed $492,000 Oropeza Stones Cardenas Pllc
Warranty Deed $247,000 Gunster Yoakley & Stewart Pa
Source: Public Records

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Source: Key West Association of REALTORS®

MLS Number: 610629

Key West Association of REALTORS®

APN: 00032600-000200