$399,000

1014 Varela St Unit 3 Key West, FL 33040

Old Town Neighborhood

Estimated payment $2,502/month

Total Views 6,464
1 Bed
1 Bath
308 Sq Ft
$1,295 Price per Sq Ft

About This Home

Discover a unique opportunity to own a cozy 1-bedroom, 1-bath condominium ideally situated near vibrant downtown Key West, offering the perfect canvas for those with a vision to rejuvenate. While the property may need some TLC, its prime location allows for easy access to local shops, restaurants, and stunning beaches, making it an appealing option for both personal retreats and investment potential. With a spacious layout, an inviting outdoor area for enjoying the Florida sunshine, and a strong sense of community in the neighborhood, this condo is a hidden gem waiting to be transformed into your dream home or a lucrative rental. Don't miss your chance to unlock the full potential of this charming Key West property!

Listing Agent

Letisia Powell

Robert Slack LLC License #698624

Robert Slack LLC

Map

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,481

Year Built

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: 538.05
  • Mandatory HOA: Yes
  • Fee Includes: Sewer, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: 1 Pet Max 50 lbs
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 4029.38
  • Title: Negotiable
  • Year Built: 1908
  • Alternate Key Number: 8927207
  • Building Style: Ground Level
  • Cooling Heating: Ductless
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 308.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Refrigerator, Dryer
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032600-000106
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2024

Range of Values:

Collateral Analytics

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ICE

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

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 $3,481 $431,155 -- $431,155
2023 $3,481 $360,438 $0 $360,438
2022 $1,109 $121,253 $0 $0
2021 $1,103 $117,722 $0 $117,722
2020 $1,083 $116,097 $0 $116,097
2019 $1,062 $113,487 $0 $113,487
2018 $1,047 $111,371 $0 $0
2017 $1,036 $109,081 $0 $0
2016 $1,047 $106,838 $0 $0
2015 $1,069 $106,095 $0 $0
2014 $1,083 $105,253 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/04/2025 04/04/25 For Sale $399,000 -- $1,295 / Sq Ft
Source: Key West Association of REALTORS®

Purchase History

Date Type Sale Price Title Company
Warranty Deed $97,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $525,000 No Value Available
Closed $525,000 No Value Available
Open $52,500,000 Reverse Mortgage Home Equity Conversion Mortgage
Closed $87,300 New Conventional
Source: Public Records

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See All Homes in Key West

Source: Key West Association of REALTORS®

MLS Number: 614494

Key West Association of REALTORS®

APN: 00032600-000106

Florida Monroe County Key West 33040 Old Town

1014 Varela St Unit 3, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1014 Varela St Unit 3, Key West, FL 33040 and is currently priced at $399,000, approximately $1,295 per square foot. This property was built in 1908. 1014 Varela St Unit 3 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.

Key West Association 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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Letisia Powell
Listing Agent
Letisia Powell
Section Image
Robert Slack LLC
(786) 460-1895