NOT LISTED FOR SALE

1016 Watson Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $585,000 - $901,000

2 Beds
2 Baths
849 Sq Ft
$838/Sq Ft Est. Value

Last Sold June 18, 2024

Last sale price $550,000 $648 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $4,092/month

167 Days on Market

About This Home

As of June 2024

Centrally located in the X flood zone of Old Town, this charming 2 bedroom 2 bathroom features off-street parking, screened in private porch, metal roof, arched ceilings, and an abundance of natural light. Excellent walking/biking location with easy access to Duval St, White St, beaches, and the top restaurants. Whether you're looking for a full-time residence, a vacation rental, or a place to retire to in the future, this property has endless possibilities. Own your piece of paradise today!

Last Agent to Sell the Property

Christopher Scott,PA

Expert Realty LLC (HQ) License #3450762 Listed on: 11/30/2023

Last Buyer's Agent

Christopher Scott,PA

Keller Williams Key West Compass Realty License #3450762

Home Details

Home Type

Single Family

Year Built

1928

Lot Details

1,481 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • 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
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 2558.05
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1928
  • Alternate Key Number: 1034134
  • Building Style: Conch
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 1470.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 849.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Storage, Pantry
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Gas Appliances, Microwave, Oven, Dryer
  • Floor: Tile
  • Windows/Doors: Wood Windows, Other Windows/Doors
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00033350-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished, Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 30, 2023
Closed on
Jun 18, 2024
Sold by
Gay Nathan J
Bought by
Short William B and Short Angela M
Seller's Agent
Christopher Scott,PA
Expert Realty LLC (HQ)
Buyer's Agent
Christopher Scott,PA
Expert Realty LLC (HQ)
List Price
$925,000
Sold Price
$550,000
Premium/Discount to List
-$375,000
-40.54%
Views
198
Current Estimated Value
$711,684

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$161,684
Avg. Annual Appreciation
16.80%
Original Mortgage
$495,000
Outstanding Balance
$487,894
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$223,790

Purchase Details

Closed on
Dec 23, 2002
Bought by
Gay Nathan J

Purchase Details

Closed on
Sep 12, 1996
Sold by
Mofson Phyllis A and Sullivan Terence M
Bought by
Chalkley Cindy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,000
Interest Rate
8.21%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 1, 1993
Bought by
Gay Nathan J

Purchase Details

Closed on
Jul 1, 1980
Bought by
Gay Nathan J

Purchase Details

Closed on
Sep 1, 1978
Bought by
Gay Nathan J
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
Short William B $550,000 None Listed On Document
Gay Nathan J $295,000 --
Chalkley Cindy L $130,000 --
Gay Nathan J $105,000 --
Gay Nathan J $47,500 --
Gay Nathan J $36,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Short William B $495,000
Previous Owner Chalkley Cindy L $104,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/18/2024 06/18/24 Sold $550,000 -32.9% $648 / Sq Ft
05/15/2024 05/15/24 Pending -- -- --
05/05/2024 05/05/24 Price Changed $820,000 -3.5% $966 / Sq Ft
03/24/2024 03/24/24 Price Changed $850,000 -2.9% $1,001 / Sq Ft
02/05/2024 02/05/24 Price Changed $875,000 -5.4% $1,031 / Sq Ft
11/30/2023 11/30/23 For Sale $925,000 -- $1,090 / Sq Ft
Source: Key West Association of REALTORS®

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 $5,113 $566,006 $394,717 $171,289
2024 $2,558 $562,693 $394,717 $167,976
2023 $2,558 $291,453 $0 $0
2022 $2,444 $282,965 $0 $0
2021 $2,478 $274,724 $0 $0
2020 $2,435 $270,931 $0 $0
2019 $2,396 $264,840 $0 $0
2018 $2,386 $259,902 $0 $0
2017 $2,371 $254,557 $0 $0
2016 $2,431 $249,322 $0 $0
2015 $2,480 $247,589 $0 $0
2014 $2,542 $245,624 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2024

    Christopher Scott,PA

    Expert Realty LLC (HQ)

    (305) 340-8080

    4 in this area

    32 Total Sales

    Christopher Scott,PA
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Map

Source: Key West Association of REALTORS®

MLS Number: 607605

Key West Association of REALTORS®

APN: 00033350-000000

Florida Monroe County Key West 33040 Old Town

1016 Watson Ln, Key West, FL

Not Listed for Sale

Detached

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