$247,000
SOLD JUL 7, 2020

1012 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood
1 Bed
1 Bath
241 Sq Ft
$70/mo HOA Fee

Recently Sold

$1,025 Per Sq Ft

1% Below List Price

20 Days on Market

Highlights

  • Deck
  • Shutters
  • Outdoor Shower
  • Key West Architecture
  • French Doors
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of December 2024

OPEN Saturday 6/13/20 10:00-12:00pmSouthernmost Pied-a-terre! Tucked away in Old Town Key West and located in the Viva Varela compound this charming cottage features a large bedroom with high ceilings and optimal storage. There is a one full bathroom and a private deck. The french doors open to a small bricked patio. Property is located in the X flood zone. Low HOA fee of $70 per month includes HOA commercial liability, common area. maintenance and water. Please note this is a CASH only purchase. The unit does not have a kitchen and will not qualify for financing.

Last Agent to Sell the Property

Allison Findlay

Preferred Properties (KW) License #3441470 Listed on: 06/02/2020

Co-Listed By

Krystal Thomas

Last Key Realty, Inc (KW)

Last Buyer's Agent

Sara Hallett

eXp Realty LLC License #3288797

eXp Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,816

Year Built

  • Built in 1908

HOA Fees

  • $70 Monthly HOA Fees

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 241 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Double Hung Windows
  • French Doors
  • Tile Flooring

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • Outdoor Shower
  • Deck

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 365
  • Assessor Parcel Number 00032600-000101

Community Details

Overview

  • Association fees include common area mnt, water
  • Viva Varela Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,816

Year Built

Built in 1908

Lot Details

0

HOA Fees

$70 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 70.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Common Area Mnt, Water
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 365.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Year Built: 1908
  • Alternate Key Number: 8927126
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 241.00
  • 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: Refrigerator
  • Floor: Tile
  • Windows/Doors: Double Hung Windows, French Doors
  • Total Bedrooms: 1
  • Accessibility Features: None

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Outdoor Shower
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032600-000101
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

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
$532,156

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
Source: Public Records

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Range of Values:

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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
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

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 $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

    Bobby Coe
    Section Image

  • 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

    Juan Benitez Benitez
    Section Image

  • S

    Seller's Agent in 2022

    Sara Hallett

    eXp Realty LLC

    (305) 434-5389

    18 in this area

    60 Total Sales

    Section Image

  • 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

    Allison Findlay
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591155

Florida Keys Board of REALTORS®

APN: 00032600-000200

Florida Monroe County Key West 33040 Old Town

1012 Varela St Unit 2, Key West, FL

This home is located at 1012 Varela St Unit 2, Key West, FL 33040 and is currently priced at $247,000, approximately $1,024 per square foot. This property was built in 1908. 1012 Varela St Unit 2 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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