NOT LISTED FOR SALE

1016 Varela St Unit B Key West, FL 33040

Old Town Neighborhood

Estimated Value: $970,000 - $1,735,000

2 Beds
2 Baths
1,101 Sq Ft
$1,191/Sq Ft Est. Value

Last Sold May 08, 2017

Last sale price $325,000 $295 Per Sq Ft

Est. 304% increase in value since last sale

Current estimated payment $7,853/month

8 Days on Market

About This Home

As of May 2017

Diamond in the rough! Best price in Old Town!

Last Agent to Sell the Property

Derek Epperly, PA

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3313232 Listed on: 04/25/2017

Last Buyer's Agent

Derek Epperly

Engel & Volkers Key West License #3313232

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,785

Year Built

  • Built in 1938

Lot Details

  • 2,156 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

HOA Fees

  • $75 Monthly HOA Fees

Home Design

  • 1,101 Sq Ft Home
  • A-Frame Home
  • Frame Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Association fees include common area mnt
  • Gwynn Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00032610-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,785

Year Built

Built in 1938

Lot Details

0

HOA Fees

$75 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Association Fee: 75.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt
  • 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
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6784.72
  • Year Built: 1938
  • Alternate Key Number: 1033375
  • Building Style: A-Frame
  • Lot Sq Ft: 2156.00
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1101.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances Other: YES
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032610-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 4, 2023
Sold by
Grady John W and Grady Susan A
Bought by
Grady Trust
Current Estimated Value
$1,311,563

Purchase Details

Closed on
Dec 16, 2021
Sold by
Blackmer and April
Bought by
Grady John and Grady Susan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Grady Trust -- --
Grady John $1,325,000 Oropeza Stones Cardenas Pllc
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2017 05/08/17 Sold $325,000 0.0% $295 / Sq Ft
05/03/2017 05/03/17 Pending -- -- --
04/25/2017 04/25/17 For Sale $325,000 -- $295 / 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
2025 $10,545 $1,233,464 $444,167 $789,297
2024 $9,850 $1,222,427 $444,167 $778,260
2023 $9,850 $1,122,176 $386,352 $735,824
2022 $9,266 $1,068,655 $332,207 $736,448
2021 $3,123 $348,423 $247,779 $100,644
2020 $3,343 $374,875 $271,639 $103,236
2019 $3,363 $374,543 $266,133 $108,410
2018 $3,759 $371,616 $260,615 $111,001
2017 $3,455 $331,946 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2017

    Derek Epperly, PA

    Berkshire Hathaway HomeServices Knight & Gardner Realty

  • Derek Epperly

    Buyer's Agent in 2017

    Derek Epperly

    Engel & Volkers Key West

    (305) 923-4833

    21 in this area

    54 Total Sales

    Derek Epperly
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 575290

Florida Keys Board of REALTORS®

APN: 9104093

Florida Monroe County Key West 33040 Old Town

1016 Varela St Unit B, Key West, FL

Not Listed for Sale

Detached

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