NOT LISTED FOR SALE

1014 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $506,000 - $650,000

1 Bed
1 Bath
360 Sq Ft
$160/mo HOA Fee

Last Sold January 15, 2019

Last sale price $340,000 $944 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $3,620/month

184 Days on Market

Highlights

  • Deck
  • French Doors
  • Tile Flooring
  • Some Wood Windows
  • Shed
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of January 2019

Affordable Old Town Living! Journey down the tropically landscaped path to find this delightful 1BD/1BA property. Downstairs unit with lots of private outdoor space, including a sitting area in the front and a large backyard with privacy fencing, mature foliage, and storage sheds. Low condo fees include insurance. This tropical oasis is in Flood Zone X and centrally located near Truman and White St. in the heart of Key West.

Last Agent to Sell the Property

Scott Forman

Royal Palms Realty (KW) License #3045796 Listed on: 06/27/2018

Co-Listed By

Sara Hallett

eXp Realty LLC License #3288797

Last Buyer's Agent

Elizabeth Chamberlain

Preferred Properties (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,180

Year Built

  • Built in 1908

Lot Details

  • Privacy Fence

HOA Fees

  • $160 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 360 Sq Ft Home
  • Some Wood Windows
  • Blinds
  • French Doors
  • Tile Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Home Security

Outdoor Features

  • Deck
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 365
  • Assessor Parcel Number 00032600-000105

Community Details

Overview

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

Pet Policy

  • Pets Allowed
  • Pet Restriction: YES

Security

  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,180

Year Built

Built in 1908

Lot Details

0

HOA Fees

$160 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: Yes
  • Association Fee: 160.00
  • Mandatory HOA: Yes
  • Fee Includes: Building Insurance, Sewer, Water, Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 365.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 1180.24
  • Title: Negotiable
  • Year Built: 1908
  • Alternate Key Number: 8927185
  • Cooling Heating: Wall/Window Unit(s)
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 360.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Drapes/Blinds Incl
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Range, Oven, Microwave, Gas Appliances, Dryer
  • Floor: Tile
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Privacy Wall/Fence, Shed, Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00032600-000105
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 27, 2018
Closed on
Jan 15, 2019
Sold by
Killian Owen G and Killian Kevin P
Bought by
Mcnamara Amanda
Seller's Agent
Scott Forman
Royal Palms Realty (KW)
Buyer's Agent
Elizabeth Chamberlain
Preferred Properties (KW)
List Price
$385,000
Sold Price
$340,000
Premium/Discount to List
-$45,000
-11.69%
Current Estimated Value
$571,970

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$231,970
Avg. Annual Appreciation
8.40%
Original Mortgage
$289,000
Outstanding Balance
$257,075
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$314,895

Purchase Details

Closed on
Nov 20, 2008
Sold by
Leonard Eugene A
Bought by
Killian Owen G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$183,750
Interest Rate
5.89%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 16, 2001
Bought by
Killian Owen G

Purchase Details

Closed on
Jun 25, 1999
Sold by
Viva Varela Associates Inc
Bought by
Leonard Eugene A
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 Buyer Sale Price Title Company
Mcnamara Amanda $340,000 None Listed On Document
Mcnamara Amanda $340,000 None Listed On Document
Killian Owen G $245,000 Chicago Title Of The Florida
Killian Owen G -- Chicago Title Of The Florida
Killian Owen G $700 --
Leonard Eugene A $94,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mcnamara Amanda $289,000
Closed Mcnamara Amanda $289,000
Previous Owner Killian Owen G $70,000
Previous Owner Killian Owen $182,650
Previous Owner Killian Owen G $183,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/15/2019 01/15/19 Sold $340,000 -11.7% $944 / Sq Ft
12/28/2018 12/28/18 Pending -- -- --
06/27/2018 06/27/18 For Sale $385,000 -- $1,069 / 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 $3,426 $458,102 -- $458,102
2023 $3,426 $382,966 $0 $382,966
2022 $3,220 $386,631 $0 $386,631
2021 $2,877 $279,722 $0 $279,722
2020 $2,865 $279,722 $0 $279,722
2019 $1,616 $176,366 $0 $176,366
2018 $1,603 $173,078 $0 $0
2017 $1,591 $169,519 $0 $0
2016 $1,622 $166,033 $0 $0
2015 $1,655 $164,879 $0 $0
2014 $1,689 $163,570 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Scott Forman

    Seller's Agent in 2019

    Scott Forman

    Royal Palms Realty (KW)

    (305) 923-9884

    27 in this area

    65 Total Sales

    Scott Forman
    Section Image

  • S

    Seller Co-Listing Agent in 2019

    Sara Hallett

    eXp Realty LLC

    (305) 434-5389

    18 in this area

    60 Total Sales

    Section Image

  • E

    Buyer's Agent in 2019

    Elizabeth Chamberlain

    Preferred Properties (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580810

Florida Keys Board of REALTORS®

APN: 00032600-000105

Florida Monroe County Key West 33040 Old Town

1014 Varela St Unit 2, Key West, FL

This home is located at 1014 Varela St Unit 2, Key West, FL 33040 since 27 June 2018 and is currently estimated at $571,970, approximately $1,588 per square foot. This property was built in 1908. 1014 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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