$197,000
SOLD AUG 4, 2014

1014 Varela St Unit 4 Key West, FL 33040

Old Town Neighborhood
2 Beds
1 Bath
810 Sq Ft
$879/mo HOA Fee

Recently Sold

$243 Per Sq Ft

34% Below List Price

167 Days on Market

About This Home

As of April 2023

Key West Central location with open living area/ kitchen with 2 bedrooms and 1 bath condo with outside private deck to enjoy the beautiful Key West sunshine. This unit needs some TLC and personal touches.

Last Agent to Sell the Property

Claudette Mell

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada License #3015412 Listed on: 01/21/2014

Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

Last Buyer's Agent

Claudette Mell

Century 21 Circle- Islamorada

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $4,755

Year Built

  • Built in 1908

HOA Fees

  • $879 Monthly HOA Fees

Home Design

  • 810 Sq Ft Home
  • Frame Construction

Kitchen

  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00032600-000107

Community Details

Overview

  • Association fees include building insurance, sewer, water, common area mnt
  • Viva Varela Subdivision
  • Rental Restrictions

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$4,755

Year Built

Built in 1908

Lot Details

0

HOA Fees

$879 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 879.00
  • Mandatory HOA: Yes
  • Document Count: 6
  • Fee Includes: Building Insurance, Sewer, Water, Common Area Mnt
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 1.00
  • Title: Title Ins - Seller
  • Year Built: 1908
  • Alternate Key Number: 8927223
  • Building Style: Other Bldg Style
  • Cooling Heating: Central Air
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 810.00
  • Sewer Hook Up: Yes
  • Special Features: RealEstateOwned
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Range
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00032600-000107
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

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
$719,315

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
Source: Public Records

Range of Values:

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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 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: Florida Keys Board 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

    18 in this area

    59 Total Sales

    Section Image

  • M

    Buyer's Agent in 2023

    Matthew Zelko

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 363-8890

    8 in this area

    27 Total Sales

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  • Alain Majeau

    Seller's Agent in 2020

    Alain Majeau

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 304-2567

    11 in this area

    36 Total Sales

    Section Image
  • Claudette Mell

    Seller's Agent in 2014

    Claudette Mell

    Berkshire Hathaway HomeServices Keys Real Estate - Islamorada

    (305) 393-1839

    112 Total Sales

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 563210

Florida Keys Board 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 and is currently priced at $197,000, approximately $243 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.

Florida Keys Board 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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