NOT LISTED FOR SALE

1016 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $949,000 - $1,675,000

1 Bed
1 Bath
1,000 Sq Ft
$1,284/Sq Ft Est. Value

Last Sold December 15, 2021

Last sale price $1,325,000 $1,325 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $7,762/month

88 Days on Market

Highlights

  • A-Frame Home
  • Lanai
  • Stainless Steel Appliances
  • Wood Flooring
  • Granite Countertops
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of December 2021

An Architectural Digest worthy 1 bedroom, 1 bath home with oversized sleeping/office loft. Absolutely nothing has been overlooked with meticulous attention to detail in every capacity, complete with solid Epay interior floors and mahogany trim. The show stopping kitchen includes custom cabinets, Water Works brand fixtures, large copper sink basin, and Cafe brand stainless steel appliances. The original Dade County Pine has been revived from the floor to the 10ft ceilings. Custom built plantation shutters are installed on every window. A custom designed stairwell leads up to the 200 SF loft which overlooks the intricate detail of the unique cathedral ceiling and exposed beams. Each piece of tin was customized to have the aged appearance of rust without actually being rust. The large bathroom features Water Works fixtures, meticulous tile and a Maytag washer & dryer. The backyard will become your very own intimate tropical oasis with a lanai, fountain, and tropical landscaping. This home is above base flood on Varela St. centrally located in the heart of old town blocks from Duval St., famous restaurants and galleries. If you are looking for your ideal move-in ready home, take a look at 1016 Varela St. This home is perfect for the couple who is ready to downsize and experience the best of Key West or use as your vacation rental.

Last Agent to Sell the Property

Derek Epperly

Keys Atlantic Realty License #3313232 Listed on: 08/22/2021

Last Buyer's Agent

Megan Coe

LoKation Real Estate License #SL3500873

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,343

Year Built

  • Built in 1938

Lot Details

  • 1,610 Sq Ft Lot
  • Fenced
  • Property is zoned HHDR - Historic High Density Residential

Home Design

  • A-Frame Home
  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,000 Sq Ft Home
  • Partially Furnished
  • Wood Flooring
  • Dryer

Kitchen

  • Microwave
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • 1 Full Bathroom

Home Security

  • Home Security System
  • Impact Glass

Outdoor Features

  • Balcony
  • Patio
  • Lanai

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • Property has a Home Owners Association
  • Gwynn Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Assessor Parcel Number 00032610-000310

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,343

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Mandatory HOA: Yes
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3342.87
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 9104093
  • Building Style: A-Frame, Conch
  • Cooling Heating: Ductless
  • Lot Sq Ft: 1610.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1000.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: No
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Security System, Walk-in Closet(s), Granite Counter Top, Dade County Pine
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Microwave, Stainless Steel Appliance(s), Refrigerator
  • Floor: Wood
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 1
  • Sq Ft Remarks: Buyer to verify

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Lanai
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00032610-000310
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially

Tax Info

  • Tax Year: 2020

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
$1,283,833

Purchase Details

Listed on
Aug 22, 2021
Closed on
Dec 16, 2021
Sold by
Blackmer and April
Bought by
Grady John and Grady Susan
Seller's Agent
Derek Epperly
Keys Atlantic Realty
Buyer's Agent
Megan Coe
LoKation Real Estate
List Price
$1,325,000
Sold Price
$1,325,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.84%
Source: Public Records

Range of Values:

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Average Value
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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 Buyer Sale Price Title Company
Grady Trust -- --
Grady John $1,325,000 Oropeza Stones Cardenas Pllc
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/15/2021 12/15/21 Sold $1,325,000 0.0% $1,325 / Sq Ft
11/18/2021 11/18/21 Pending -- -- --
11/18/2021 11/18/21 For Sale $1,325,000 0.0% $1,325 / Sq Ft
10/09/2021 10/09/21 Off Market $1,325,000 -- --
08/22/2021 08/22/21 For Sale $1,325,000 -- $1,325 / 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 $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

  • Derek Epperly

    Seller's Agent in 2021

    Derek Epperly

    Keys Atlantic Realty

    (305) 923-4833

    19 in this area

    49 Total Sales

    Derek Epperly
    Section Image

  • M

    Buyer's Agent in 2021

    Megan Coe

    LoKation Real Estate

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597427

Florida Keys Board of REALTORS®

APN: 9104093

Florida Monroe County Key West 33040 Old Town

1016 Varela St, Key West, FL

This home is located at 1016 Varela St, Key West, FL 33040 since 22 August 2021 and is currently estimated at $1,283,833, approximately $1,283 per square foot. This property was built in 1938. 1016 Varela St 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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