NOT LISTED FOR SALE

1014 Varela St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $648,000 - $848,000

1 Bed
1.5 Baths
542 Sq Ft
7,405 Sq Ft Lot

Last Sold June 29, 2012

Last sale price $235,000 $434 Per Sq Ft

Est. 219% increase in value since last sale

Current estimated payment $4,190/month

61 Days on Market

Highlights

  • 0.17 Acre Lot
  • Cathedral Ceiling
  • Bar
  • Key West Architecture
  • No HOA
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of June 2012

Great stand alone conch cottage, 1 bedroom and 1 and a half baths. This unit has it own front porch and a private fenced back yard. The Viva Varela compound is gated and has lush tropical walkway. This home is a short distance to restaurants, galleries, boutiques and shops.

Last Agent to Sell the Property

Melva Borley

Sunshine State Realty Service License #0668411 Listed on: 04/25/2012

Last Buyer's Agent

Mabry Binnicker

Preferred Properties (KW) License #635040

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,864

Year Built

  • Built in 1908

Lot Details

  • 7,405

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 542 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • French Doors
  • Storage

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 1 Bedroom

Additional Features

  • Fenced
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00032600-000104

Community Details

Overview

  • No Home Owners Association
  • Association fees include building insurance, sewer, water, common area mnt
  • Gwynn Sub Subdivision

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,864

Year Built

Built in 1908

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 498.00
  • Mandatory HOA: No
  • Fee Includes: Building Insurance, Sewer, Water, Common Area Mnt
  • 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: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 1863.53
  • Title: Negotiable
  • Year Built: 1908
  • Alternate Key Number: 8927169
  • Building Style: Conch, Ground Level
  • Lot Sq Ft: 7599.00
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 542.00
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Bar, Storage, Cathedral Ceilings, Built-in Cabinets
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Microwave, Refrigerator, Range, Oven
  • Floor: Other
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Other Windows/Doors
  • Total Bedrooms: 1

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00032600-000104
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2023
Sold by
Tipton Darren Lee and Tipton Richard L
Bought by
Daveler Kenneth E and Eckhardt Kimberly A
Current Estimated Value
$750,202

Purchase Details

Listed on
Apr 25, 2012
Closed on
May 29, 2012
Sold by
Citibank Na
Bought by
Tipton Darren Lee and Madison Richard L
Seller's Agent
Melva Borley
Sunshine State Realty Service
Buyer's Agent
Mabry Binnicker
Preferred Properties (KW)
List Price
$235,000
Sold Price
$235,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.11%

Purchase Details

Closed on
Feb 14, 2012
Sold by
Mcnamara Kevin and Kinloch Nicola V
Bought by
Citibank Na

Purchase Details

Closed on
Feb 2, 2012
Sold by
Mcnamara Kevin and Kinloch Nicola V
Bought by
Citibank Na

Purchase Details

Closed on
Aug 26, 2004
Sold by
Mauldin William A and Mauldin Teresa A
Bought by
Kinloch Nicola and Mcnamara Kevin

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,000
Interest Rate
6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 13, 2002
Sold by
Robert S Ricks I
Bought by
Mauldin William and Mauldin Teresa

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$173,700
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 21, 2000
Sold by
Mondo Michelle M
Bought by
Ricks Robert S and Parker William N

Purchase Details

Closed on
May 14, 1999
Sold by
Viva Varela Associates Inc
Bought by
Mondo Michele M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$119,200
Interest Rate
6.98%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Daveler Kenneth E $775,000 None Listed On Document
Tipton Darren Lee $235,000 North American Title Company
Citibank Na -- None Available
Citibank Na -- None Available
Kinloch Nicola $525,000 --
Mauldin William $193,000 --
Ricks Robert S $180,000 --
Mondo Michele M $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mcnamara Kevin $520,000
Previous Owner Mcnamara Kevin $24,000
Previous Owner Kinloch Nicola $310,000
Previous Owner Mondo Michele M $173,250
Previous Owner Mondo Michele M $173,700
Previous Owner Mondo Michele M $119,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2012 06/29/12 Sold $235,000 0.0% $434 / Sq Ft
06/25/2012 06/25/12 Pending -- -- --
04/25/2012 04/25/12 For Sale $235,000 -- $434 / 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 $2,737 $625,514 -- $625,514
2023 $2,737 $312,830 $0 $0
2022 $2,615 $303,719 $0 $0
2021 $2,654 $294,873 $0 $294,873
2020 $2,609 $290,802 $0 $290,802
2019 $2,567 $284,264 $0 $284,264
2018 $2,557 $278,964 $0 $0
2017 $2,542 $273,227 $0 $0
2016 $2,609 $267,608 $0 $0
2015 $2,679 $267,608 $0 $0
2014 $3,200 $267,608 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melva Borley

    Seller's Agent in 2012

    Melva Borley

    Sunshine State Realty Service

    (305) 797-4324

    3 in this area

    76 Total Sales

    Melva Borley
    Section Image

  • M

    Buyer's Agent in 2012

    Mabry Binnicker

    Preferred Properties (KW)

    (305) 294-3040

    9 in this area

    16 Total Sales

    Mabry Binnicker
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116411

Florida Keys Board of REALTORS®

APN: 00032600-000104

Florida Monroe County Key West 33040 Old Town

1014 Varela St Unit 1, Key West, FL

This home is located at 1014 Varela St Unit 1, Key West, FL 33040 since 25 April 2012 and is currently estimated at $750,202, approximately $1,384 per square foot. This property was built in 1908. 1014 Varela St Unit 1 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.

Nearby Homes