1012 Varela St Unit 2 Key West, FL 33040
Old Town Neighborhood
1
Bed
1
Bath
241
Sq Ft
$70/mo
HOA Fee
Highlights
- Deck
- Wood Flooring
- Patio
- Key West Architecture
- Stainless Steel Appliances
- 2-minute walk to Higgs Beach Dog Park
About This Home
As of December 2024Looking For The Perfect Key West Getaway Cottage? Look no further! Tucked away along a tropical palm-lined path, this hidden gem offers privacy and seclusion near all of Key West's Old Town attractions. This 1BA spacious studio is a freestanding home with two private outdoor areas. It was recently remodeled and is ready to move in or rent out. Renovations include a new bathroom and kitchenette with high end under-counter fridge/freezer with ice maker, as well as brand new A/C, water heater, and Clermont Oak floors throughout. Surrounded by lush mature landscaping, the front brick terrace garden is perfect for grilling and dining al fresco, while the back deck offers storage and additional outdoor relaxation space. Freshly painted exterior with new landscaping & irrigation system complete the outdoor perfection. Located in X Flood Zone with low condo fees of only $70/month. This is the one you've been waiting for!
Last Agent to Sell the Property
Sara Hallett
eXp Realty LLC License #3288797 Listed on: 05/26/2022
Last Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,187
Year Built
- Built in 1908 | Remodeled
Lot Details
- Privacy Fence
HOA Fees
- $70 Monthly HOA Fees
Home Design
- Key West Architecture
- Frame Construction
- Metal Roof
Interior Spaces
- 241 Sq Ft Home
- Ceiling Fan
- Wood Flooring
Kitchen
- Microwave
- Freezer
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Outdoor Features
- Deck
- Patio
- Shed
Utilities
- Ductless Heating Or Cooling System
- Public Hookup Available For Sewer
Listing and Financial Details
- Minimum Rental Period: 365
- Assessor Parcel Number 00032600-000200
Community Details
Overview
- Association fees include building insurance, water, common area mnt
- Gwynn Sub Subdivision
- Rental Restrictions
Pet Policy
- Pet Restriction: YES
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 | 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
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
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: Florida Keys Board 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: Florida Keys Board of REALTORS®
MLS Number: 601166
APN: 00032600-000200
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