$500,000
SOLD FEB 13, 2024

1016 Howe St Unit 9 Key West, FL 33040

Old Town Neighborhood
1 Bed
1 Bath
138 Sq Ft
$890/mo HOA Fee

Recently Sold

$3,623 Per Sq Ft

5% Below List Price

3 Days on Market

Highlights

  • In Ground Pool
  • Wood Flooring
  • Sundeck
  • A-Frame Home
  • Furnished
  • Patio

About This Home

As of February 2024

This is your opportunity to own your own Picasso. Well at least you can buy a room named after Picasso. This condo is a fantastic income producing vacation rental unit with a transient license, in the heart of Old Town Key West! The condo has 13-units with a shared pool and deck, and a laundry facility on site. This is one of the best located unit in the complex. As soon as you walk in the front door, your there. Only 2 blocks from everything fun including Duval Street, Ernest Hemingway Home and Museum, Mallory Square, and Fort Zachary Taylor Beach and Park!

Last Agent to Sell the Property

Ben Daniels

Lokation Real Estate License #651134 Listed on: 01/20/2024

Lokation Real Estate

Last Buyer's Agent

Madeleine Lowe

Expert Realty LLC (HQ) License #3528269

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,755

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • Privacy Fence
  • Fenced

HOA Fees

  • $890 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • A-Frame Home
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 138 Sq Ft Home
  • Furnished
  • Single Hung Windows
  • Wood Flooring
  • Microwave

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Outdoor Features

  • In Ground Pool
  • Patio

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 1
  • Assessor Parcel Number 00026900-000109

Community Details

Overview

  • Association fees include cable, common area mnt, building insurance, bldg exterior mnt, water, sewer
  • Old Town Unrecord Subdivision

Amenities

  • Sundeck

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,755

Year Built

Built in 1938 | Remodeled

Lot Details

0

HOA Fees

$890 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Fee: 2670.00
  • Mandatory HOA: No
  • Fee Includes: Cable, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Sewer
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: 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: 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: 2755.35
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1938
  • Alternate Key Number: 9081524
  • Building Style: A-Frame
  • Cooling Heating: Central Air, Wall/Window Unit(s)
  • Pool Info: In Ground
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 138.00
  • Pool Info Other Surroundings: Sundeck
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • 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: Refrigerator, Microwave
  • Floor: Wood
  • Windows/Doors: Single Hung Windows
  • Total Bedrooms: 1
  • Accessibility Features: None

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00026900-000109
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 20, 2024
Closed on
Feb 13, 2024
Sold by
Berger Nicole
Bought by
Young Vacation Rentals Llc
Seller's Agent
Ben Daniels
Lokation Real Estate
Buyer's Agent
Madeleine Lowe
Expert Realty LLC (HQ)
List Price
$525,000
Sold Price
$500,000
Premium/Discount to List
-$25,000
-4.76%
Total Days on Market
3
Views
22
Current Estimated Value
$488,502

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$11,498
Avg. Annual Appreciation
-1.79%
Original Mortgage
$206,000
Outstanding Balance
$186,939
Interest Rate
6.5%
Mortgage Type
Balloon
Estimated Equity
$301,563

Purchase Details

Listed on
Apr 25, 2013
Closed on
Sep 25, 2013
Sold by
Federal National Mortgage Association
Bought by
Berger Nicole
Seller's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Ben Daniels
Exit Realty Florida Keys (KW)
List Price
$199,900
Sold Price
$129,400
Premium/Discount to List
-$70,500
-35.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.89%

Purchase Details

Closed on
Apr 12, 2013
Sold by
Epler Brenda J
Bought by
Bac Home Loans Servicing Lp and Countrywide Home Loans Servicing Lp

Purchase Details

Closed on
Apr 2, 2013
Sold by
Epler Brenda J
Bought by
Federal National Mortgage Association

Purchase Details

Closed on
Nov 1, 2005
Sold by
Wyland Of Key West Inc
Bought by
Epler Brenda J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,000
Interest Rate
5.87%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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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 $500,000 None Listed On Document
Special Warranty Deed $129,400 Attorney
Trustee Deed -- None Available
Trustee Deed -- None Available
Warranty Deed $295,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $206,000 Balloon
Previous Owner $236,000 New Conventional
Previous Owner $29,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Sold $500,000 -4.8% $3,623 / Sq Ft
01/20/2024 01/20/24 For Sale $525,000 +305.7% $3,804 / Sq Ft
09/25/2013 09/25/13 Sold $129,400 -35.3% $899 / Sq Ft
09/23/2013 09/23/13 Pending -- -- --
04/25/2013 04/25/13 For Sale $199,900 -- $1,388 / Sq Ft
Source: Marathon and Lower Keys 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 $2,755 $415,744 -- $415,744
2023 $2,755 $415,744 $0 $415,744
2022 $2,289 $299,824 $0 $299,824
2021 $2,159 $253,900 $0 $253,900
2020 $2,075 $253,900 $0 $253,900
2019 $1,995 $249,760 $0 $249,760
2018 $1,945 $249,760 $0 $0
2017 $1,612 $164,040 $0 $0
2016 $1,614 $164,040 $0 $0
2015 $1,597 $164,040 $0 $0
2014 $1,293 $84,162 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Ben Daniels

    Seller's Agent in 2024

    Ben Daniels

    Lokation Real Estate

    (305) 395-2723

    1 in this area

    85 Total Sales

    Ben Daniels
    Section Image
  • Madeleine Lowe

    Buyer's Agent in 2024

    Madeleine Lowe

    Expert Realty LLC (HQ)

    (305) 496-7691

    6 in this area

    36 Total Sales

    Madeleine Lowe
    Section Image

  • B

    Seller's Agent in 2013

    Barbara Crespo

    Coldwell Banker Schmitt Real Estate Co. (KW)

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 608282

APN: 00026900-000109

Florida Monroe County Key West 33040 Old Town

1016 Howe St Unit 9, Key West, FL

This home is located at 1016 Howe St Unit 9, Key West, FL 33040 and is currently priced at $500,000, approximately $3,623 per square foot. This property was built in 1938. 1016 Howe St Unit 9 is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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