NOT LISTED FOR SALE

1014 Varela St Unit 4 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $630,000 - $796,000

2 Beds
1 Bath
810 Sq Ft
7,492 Sq Ft Lot

Last Sold April 25, 2023

Last sale price $600,000 $741 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $4,050/month

78 Days on Market

About This Home

As of April 2023

Enjoy Key West character down a secluded tropical palm-lined path in this charming tree top second floor 2BR/1BA unit in Old Town Key West. This home is meticulously maintained, turn key and ready to move in or rent out. Perfectly appointed with top-of-line finishes including Brazilian cherry wood flooring, custom cabinetry throughout with 20 feet of Caesarstone counter top and stainless steel appliances including new Bosch refrigerator and dishwasher. It is a home cook's dream kitchen. Custom large walk-in closet with stackable washer/dryer. Beautiful marble bathroom with cathedral ceiling, zero entry rain fall shower, Grohe hardware, and tons of beautiful custom drawers and storage. Off the second bedroom a terrace with shade and tropical views, perfect for morning coffee or evening cocktails. LED lighting and dimmers throughout, new central AC, certified hurricane windows and doors. Great downtown location within walking distance to restaurants, grocery stores, boutiques, yoga studios, beaches and Duval Street. Located in X Flood Zone. This comfortable tropical oasis checks all the boxes and awaits you! listed at $635,500

Last Agent to Sell the Property

Barbara Crespo

Keller Williams Key West Compass Realty License #653688 Listed on: 01/25/2023

Keller Williams Key West Compass Realty

Last Buyer's Agent

Matthew Zelko

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3405051

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,755

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 Fee: 1119.52
  • Mandatory HOA: Yes
  • Document Count: 5
  • Fee Includes: Sewer, Other, Common Area Mnt, Building Insurance, Water
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 365.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 4588.02
  • Title: Negotiable
  • Year Built: 1908
  • Alternate Key Number: 8927223
  • Building Style: Conch
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 810.00
  • G F Interior Features: Tankless Hot Wtr Htr
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Built-in Cabinets, Walk-in Closet(s), Storage, Entrance Foyer, Pantry, Split Bedroom, Cathedral Ceilings
  • Floor Number: 2.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Gas Appliances, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Storage
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Propane, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032600-000107
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 25, 2023
Closed on
Apr 25, 2023
Sold by
Daryl And Susanne Brooke Revocable Trust
Bought by
Schafer Christopher C and Schafer Elizabeth
Seller's Agent
Barbara Crespo
Keller Williams Key West Compass Realty
Buyer's Agent
Matthew Zelko
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$699,000
Sold Price
$600,000
Premium/Discount to List
-$99,000
-14.16%
Views
573
Current Estimated Value
$691,926

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$91,926
Avg. Annual Appreciation
5.10%

Purchase Details

Listed on
Jul 2, 2020
Closed on
Oct 15, 2020
Sold by
Hanley Jr Alan P and Hanley Richard G
Bought by
Brooke Daryl P and East-Brooke Susanne
Seller's Agent
Alain Majeau
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$524,000
Sold Price
$495,000
Premium/Discount to List
-$29,000
-5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.90%

Purchase Details

Listed on
Jan 21, 2014
Closed on
Jul 31, 2014
Sold by
Federal Home Loan Mortgage Corporation
Bought by
Hanley Alan P
Seller's Agent
Claudette Mell
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
Buyer's Agent
Claudette Mell
Century 21 Circle- Islamorada
List Price
$299,000
Sold Price
$197,000
Premium/Discount to List
-$102,000
-34.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
16.02%
Original Mortgage
$157,600
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 18, 2013
Sold by
Federico Philip J and Federico Angela
Bought by
Federal Home Loan Mortgage Corporation

Purchase Details

Closed on
Jul 3, 2006
Sold by
Everman Kelly Ann
Bought by
Federico Philip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$425,000
Interest Rate
1%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 29, 2003
Sold by
Drowatzky Robert D and Gray Earl
Bought by
Everman Kelly Ann and Federico Phillip J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$267,300
Interest Rate
4.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 19, 1999
Sold by
Viva Varela Associates Inc
Bought by
Drowatzky Robert D and Gray Earl

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,900
Interest Rate
6.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Schafer Christopher C $600,000 None Listed On Document
Brooke Daryl P $495,000 Highsmith & Van Loon Pa
Hanley Alan P $197,000 Attorney
Federal Home Loan Mortgage Corporation $417,000 Attorney
Federico Philip J $72,000 Chicago Title Florida Keys
Everman Kelly Ann $297,000 Chicago Title Of The Fl Keys
Drowatzky Robert D $149,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Hanley Alan P $210,000
Previous Owner Hanley Alan P $157,600
Previous Owner Federico Philip J $417,000
Previous Owner Federico Philip J $425,000
Previous Owner Everman Kelly Ann $80,000
Previous Owner Everman Kelly Ann $50,000
Previous Owner Everman Kelly Ann $267,300
Previous Owner Drowatzky Robert D $34,000
Previous Owner Drowatzky Robert D $14,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/25/2023 04/25/23 Sold $600,000 -5.6% $741 / Sq Ft
04/13/2023 04/13/23 Pending -- -- --
03/28/2023 03/28/23 Price Changed $635,500 -5.0% $785 / Sq Ft
02/09/2023 02/09/23 Price Changed $669,000 -4.3% $826 / Sq Ft
01/25/2023 01/25/23 For Sale $699,000 +41.2% $863 / Sq Ft
10/15/2020 10/15/20 Sold $495,000 -5.3% $611 / Sq Ft
08/24/2020 08/24/20 Price Changed $522,500 -0.3% $645 / Sq Ft
07/02/2020 07/02/20 For Sale $524,000 +166.0% $647 / Sq Ft
08/04/2014 08/04/14 Sold $197,000 -34.1% $243 / Sq Ft
07/07/2014 07/07/14 Pending -- -- --
01/21/2014 01/21/14 For Sale $299,000 -- $369 / 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 $4,755 $517,847 -- $517,847
2023 $4,755 $512,886 $0 $512,886
2022 $4,588 $548,509 $0 $548,509
2021 $4,214 $432,398 $0 $432,398
2020 $2,824 $315,949 $0 $315,949
2019 $2,779 $308,846 $0 $308,846
2018 $2,775 $303,088 $0 $0
2017 $2,759 $296,855 $0 $0
2016 $2,834 $290,750 $0 $0
2015 -- $290,750 $0 $0
2014 $3,440 $290,750 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Barbara Crespo

    Seller's Agent in 2023

    Barbara Crespo

    Keller Williams Key West Compass Realty

    (305) 797-0802

    19 in this area

    59 Total Sales

    Barbara Crespo
    Section Image

  • M

    Buyer's Agent in 2023

    Matthew Zelko

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 363-8890

    8 in this area

    26 Total Sales

    Matthew Zelko
    Section Image
  • Alain Majeau

    Seller's Agent in 2020

    Alain Majeau

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 304-2567

    11 in this area

    33 Total Sales

    Alain Majeau
    Section Image
  • Claudette Mell

    Seller's Agent in 2014

    Claudette Mell

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 393-1839

    109 Total Sales

    Claudette Mell
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 603944

Key West Association of REALTORS®

APN: 00032600-000107

Florida Monroe County Key West 33040 Old Town

1014 Varela St Unit 4, Key West, FL

This home is located at 1014 Varela St Unit 4, Key West, FL 33040 since 25 January 2023 and is currently estimated at $691,926, approximately $854 per square foot. This property was built in 1908. 1014 Varela St Unit 4 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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