NOT LISTED FOR SALE

1014 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $338,000 - $623,000

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. 39% increase in value since last sale

Current estimated payment $2,969/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

ICAMCO Real Estate Inc. (KW) 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 with Restrictions

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
ICAMCO Real Estate Inc. (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
$473,835

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$133,835
Avg. Annual Appreciation
4.93%
Original Mortgage
$289,000
Outstanding Balance
$254,117
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$219,718

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

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
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
Previous Owner Killian Owen G $183,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
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
2025 $3,791 $410,454 -- $410,454
2024 $3,791 $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

  • S

    Seller's Agent in 2019

    Scott Forman

    ICAMCO Real Estate Inc. (KW)

  • S

    Seller Co-Listing Agent in 2019

    Sara Hallett

    eXp Realty LLC

    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

Not Listed for Sale

Condos

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