NOT LISTED FOR SALE

1014 Varela St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $571,000 - $759,000

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

Sale Details

Date Sold: June 29, 2012

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

Est. 192% increase in value since last sale

Current estimated payment $4,252 / mo

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 Wagner

Century 21 Prestige Realty Gro Listed on: 04/25/2012

Last Buyer's Agent

Mabry Binnicker

Preferred Properties (KW) License #635040

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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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

7,405 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 16, 2023
Sold by
Tipton Darren Lee and Tipton Richard L
Bought by
Current Estimated Value
$687,270

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 Wagner
Century 21 Prestige Realty Gro
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
7.81%

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
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in Old Town, FL

  • Lindsay Ryan Real Estate Agent - EXP Realty LLC

    Lindsay Ryan

    EXP Realty LLC

    (786) 751-4493

    60 Total Sales

    5 in Old Town

    $840K - $4.8M Price Range

    Lindsay Ryan
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  • Anneliese Dietrick Real Estate Agent - Coldwell Banker Schmitt Lower Keys (KW)

    Anneliese Dietrick

    Coldwell Banker Schmitt Lower Keys (KW)

    (844) 666-4591

    37 Total Sales

    2 in Old Town

    $1.1M - $2.9M Price Range

    Anneliese Dietrick
     Section Image
  • Mike Kane Real Estate Agent - Internet Realty of the Florida Keys

    Mike Kane

    Internet Realty of the Florida Keys

    (703) 884-2537

    25 Total Sales

    5 in Old Town

    $750K - $910K Price Range

    Mike Kane
     Section Image
  • Austin Kimbler Real Estate Agent - Expert Realty LLC (HQ)

    Austin Kimbler

    Expert Realty LLC (HQ)

    (786) 901-8149

    49 Total Sales

    6 in Old Town

    $850K - $3.7M Price Range

    Austin Kimbler
     Section Image
  • Emily Lombard Real Estate Agent - Ocean Sotheby's International Realty

    Emily Lombard

    Ocean Sotheby's International Realty

    (833) 447-1049

    42 Total Sales

    14 in Old Town

    $550K - $3.4M Price Range

    Emily Lombard
     Section Image
  • Sandra Tuttle Real Estate Agent - Island Welcome Real Estate

    Sandra Tuttle

    Island Welcome Real Estate

    (786) 751-6441

    134 Total Sales

    4 in Old Town

    $1,520,000 Price Range

    Sandra Tuttle
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $520,000
Previous Owner Mcnamara Kevin $24,000
Previous Owner Kinloch Nicola $310,000
Previous Owner Mauldin William $173,250
Previous Owner Mauldin William $173,700
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

  • MW

    Seller's Agent in 2012

    Melva Wagner

    Century 21 Prestige Realty Gro

  • MB

    Buyer's Agent in 2012

    Mabry Binnicker

    Preferred Properties (KW)

    (305) 294-3040

    2 in this area

    7 Total Sales

    Mabry Binnicker
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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

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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