NOT LISTED FOR SALE

1014 Varela St Unit 2 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $365,000 - $609,000

1 Bed
1 Bath
360 Sq Ft
7,492 Sq Ft Lot

Sale Details

Date Sold: January 15, 2019

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

Est. 45% increase in value since last sale

Current estimated payment $3,182 / mo

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

Royal Palms Realty (KW) License #3288797

Last Buyer's Agent

Elizabeth Chamberlain

Preferred Properties (KW)

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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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

7,492 Sq Ft Lot

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

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

Listed on
Jun 27, 2018
Closed on
Jan 15, 2019
Sold by
Bought by
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
$493,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$153,291
Avg. Annual Appreciation
5.01%
Original Mortgage
$289,000
Outstanding Balance
$250,576
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$242,715

Purchase Details

Closed on
Nov 20, 2008
Sold by
Bought by

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

Purchase Details

Closed on
Jun 25, 1999
Sold by
Bought by
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

  • Matthew Sheehan Real Estate Agent - Ocean Sotheby's International Realty

    Matthew Sheehan

    Ocean Sotheby's International Realty

    (877) 719-4071

    80 Total Sales

    16 in Old Town

    $80K - $9.5M Price Range

    Matthew Sheehan
     Section Image
  • Robin Mitchell Real Estate Agent - Keller Williams Key West Compass Realty

    Robin Mitchell

    Keller Williams Key West Compass Realty

    (877) 743-1378

    50 Total Sales

    3 in Old Town

    $1.2M - $1.4M Price Range

    Robin Mitchell
     Section Image
  • Shane Wilson Real Estate Agent - Cypress Realty, Inc.

    Shane Wilson

    Responds Quickly

    Cypress Realty, Inc.

    (239) 341-5344

    127 Total Sales

    3 in Old Town

    $1.4M - $2M Price Range

    Shane Wilson
     Section Image
  • Bernice Schafer Real Estate Agent - Vested Palm Real Estate and Home Services

    Bernice Schafer

    Vested Palm Real Estate and Home Services

    (888) 614-9574

    65 Total Sales

    29 in Old Town

    $115K - $4.5M Price Range

    Bernice Schafer
     Section Image
  • Lindsay Ryan Real Estate Agent - EXP Realty LLC

    Lindsay Ryan

    EXP Realty LLC

    (786) 751-4493

    64 Total Sales

    5 in Old Town

    $840K - $4.8M Price Range

    Lindsay Ryan
     Section Image
  • 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

    3 in Old Town

    $1.1M - $2.9M Price Range

    Anneliese Dietrick
     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
$340,000 None Listed On Document
-- Chicago Title Of The Florida
$245,000 Chicago Title Of The Florida
$700 --
$94,000 --
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
Open $289,000
Closed $289,000
Previous Owner $70,000
Previous Owner $182,650
Previous Owner $183,750
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
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

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 $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

    Royal Palms Realty (KW)

  • 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

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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