1014 Varela St Unit 4 Key West, FL 33040
Old Town Neighborhood
2
Beds
1
Bath
810
Sq Ft
7,492
Sq Ft Lot
About This Home
As of April 2023Enjoy 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
Keller Williams Key West Compass Realty License #653688 Listed on: 01/25/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3405051
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$119,315
Avg. Annual Appreciation
7.26%
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
Similar Homes in Key West, FL
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $600,000 | None Listed On Document | |
| Warranty Deed | $495,000 | Highsmith & Van Loon Pa | |
| Special Warranty Deed | $197,000 | Attorney | |
| Deed In Lieu Of Foreclosure | $417,000 | Attorney | |
| Quit Claim Deed | $72,000 | Chicago Title Florida Keys | |
| Warranty Deed | $297,000 | Chicago Title Of The Fl Keys | |
| Warranty Deed | $149,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $210,000 | New Conventional | |
| Previous Owner | $157,600 | New Conventional | |
| Previous Owner | $417,000 | Unknown | |
| Previous Owner | $425,000 | Purchase Money Mortgage | |
| Previous Owner | $80,000 | Credit Line Revolving | |
| Previous Owner | $50,000 | Credit Line Revolving | |
| Previous Owner | $267,300 | Purchase Money Mortgage | |
| Previous Owner | $34,000 | New Conventional | |
| Previous Owner | $14,900 | New Conventional |
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
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
-
Seller's Agent in 2023
Barbara Crespo
Keller Williams Key West Compass Realty
(305) 797-0802
18 in this area
59 Total Sales
-
M
Buyer's Agent in 2023
Matthew Zelko
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 363-8890
8 in this area
28 Total Sales
-
Seller's Agent in 2020
Alain Majeau
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 304-2567
11 in this area
37 Total Sales
-
Seller's Agent in 2014
Claudette Mell
Berkshire Hathaway HomeServices Keys Real Estate - Islamorada
(305) 393-1839
112 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 603944
APN: 00032600-000107
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