Terrance Sullivan
Ocean Sotheby's International Realty
(888) 612-4007
67 Total Sales
13 in Old Town
$710K - $6.4M Price Range
1014 Varela St Unit 3 Key West, FL 33040
Old Town NeighborhoodEstimated Value: $309,000 - $370,808
1
Bed
1
Bath
308
Sq Ft
7,492
Sq Ft Lot
Highlights
- Stainless Steel Appliances
- Patio
- 2-minute walk to Higgs Beach Dog Park
About This Home
As of August 2025Discover 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
Robert Slack LLC License #698624 Listed on: 04/04/2025
Last Buyer's Agent
Letisia Powell
Century 21 Schwartz Realty (KW)
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Property Details
Home Type
- Condominium
Est. Annual Taxes
- $4,029
Year Built
- Built in 1908
Lot Details
- 7,492
HOA Fees
- $538 Monthly HOA Fees
Home Design
- 308 Sq Ft Home
- Fixer Upper
- Frame Construction
Kitchen
- Oven
- Stainless Steel Appliances
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Laundry
- Dryer
- Washer
Utilities
- Ductless Heating Or Cooling System
- Public Hookup Available For Sewer
Additional Features
- Patio
- Ground Level
Listing and Financial Details
- Assessor Parcel Number 00032600-000106
Community Details
Overview
- Association fees include sewer, common area mnt, building insurance
- Viva Varela Subdivision
- Rental Restrictions
Pet Policy
- Pets Allowed with Restrictions
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
Apr 4, 2025
Closed on
Aug 7, 2025
Sold by
Bought by
Seller's Agent
Letisia Powell
Robert Slack LLC
Buyer's Agent
Letisia Powell
Century 21 Schwartz Realty (KW)
List Price
$399,000
Sold Price
$330,000
Premium/Discount to List
-$69,000
-17.29%
Views
226
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$16,702
Avg. Annual Appreciation
4.81%
Original Mortgage
$280,500
Outstanding Balance
$277,725
Interest Rate
6.67%
Mortgage Type
New Conventional
Estimated Equity
$68,977
Purchase Details
Closed on
Jun 15, 1999
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Old Town, FL
-
Terrance Sullivan
-
Stephanie Herrmann
Stephanie Herrmann
Better Properties Soundview
(253) 499-7078
179 Total Sales
2 in Old Town
$20,000 Price Range
-
Karl Helbig
Karl Helbig
Responds QuicklySUNREAL ESTATE INC
(941) 208-2160
49 Total Sales
2 in Old Town
$681,200 Price Range
-
Chris Remmert
Chris Remmert
CENTURY 21 EXECUTIVE TEAM
(656) 228-8358
33 Total Sales
3 in Old Town
$5,000,000 Price Range
-
Matthew Sheehan
Matthew Sheehan
Ocean Sotheby's International Realty
(877) 719-4071
80 Total Sales
16 in Old Town
$80K - $9.5M Price Range
-
Robin Mitchell
Robin Mitchell
Keller Williams Key West Compass Realty
(877) 743-1378
50 Total Sales
3 in Old Town
$1.2M - $1.4M Price Range
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 |
|---|---|---|---|
| $330,000 | None Listed On Document | ||
| $97,000 | -- |
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 | $280,500 | ||
| Previous Owner | $525,000 |
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 |
|---|---|---|---|---|
| 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
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 | $4,029 | $386,310 | $386,310 | |
| 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
-
Letisia Powell
Seller's Agent in 2025
Letisia Powell
Robert Slack LLC
(305) 797-0399
6 in this area
18 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 614494
APN: 00032600-000106
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.
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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