$330,000
SOLD AUG 7, 2025

1014 Varela St Unit 3 Key West, FL 33040

Old Town Neighborhood
1 Bed
1 Bath
308 Sq Ft
7,492 Sq Ft Lot

Recently Sold

$1,071 Per Sq Ft

17% Below List Price

95 Days on Market

About This Home

As of August 2025

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!

Last Agent to Sell the Property

Letisia Powell

Robert Slack LLC License #698624 Listed on: 04/04/2025

Robert Slack LLC

Last Buyer's Agent

Letisia Powell

Robert Slack LLC License #698624 Listed on: 04/04/2025

Robert Slack LLC

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
  • Sale Terms: Conventional
  • 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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 4, 2025
Closed on
Aug 7, 2025
Sold by
Alfonso Raymond Charles and Roque Jennifer
Bought by
Kanzler Michael
Seller's Agent
Letisia Powell
Robert Slack LLC
Buyer's Agent
Letisia Powell
Robert Slack LLC
List Price
$399,000
Sold Price
$330,000
Premium/Discount to List
-$69,000
-17.29%
Views
226

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
1173.24%
Original Mortgage
$280,500
Outstanding Balance
$280,255
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$215,537

Purchase Details

Closed on
Jun 15, 1999
Sold by
Viva Varela Associates Inc
Bought by
Alfonso Raymond C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$87,300
Interest Rate
6.94%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $330,000 None Listed On Document
Warranty Deed $97,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $280,500 New Conventional
Previous Owner $87,300 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/07/2025 08/07/25 Sold $330,000 -17.3% $1,071 / Sq Ft
07/08/2025 07/08/25 Pending -- -- --
04/04/2025 04/04/25 For Sale $399,000 -- $1,295 / Sq Ft
Source: Key West Association 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 $3,481 $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

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 614494

Key West Association of REALTORS®

APN: 00032600-000106