NOT LISTED FOR SALE

1014 Varela St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $494,000 - $842,000

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. 190% increase in value since last sale

Current estimated payment $4,028/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

  • Pets Allowed with Restrictions

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
$681,825

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
8.01%

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:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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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 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 List to Sale Price per Sq Ft
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
2025 $5,290 $559,989 -- $559,989
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

    77 Total Sales

    Melva Borley
    Section Image

  • M

    Buyer's Agent in 2012

    Mabry Binnicker

    Preferred Properties (KW)

    (305) 294-3040

    7 in this area

    14 Total Sales

    Mabry Binnicker
    Section Image
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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

Not Listed for Sale

Condos

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