NOT LISTED FOR SALE

1017 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,628,000 - $2,993,000

3 Beds
2 Baths
1,650 Sq Ft
$1,240/Sq Ft Est. Value

Last Sold November 04, 2014

Last sale price $1,260,000 $764 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $11,931/month

28 Days on Market

Highlights

  • Heated In Ground Pool
  • Wood Flooring
  • No HOA
  • 0.12 Acre Lot
  • Furnished
  • 1-minute walk to C. B. Harvey Rest Beach Park

About This Home

As of November 2014

This beautiful three bedroom and two bath historic home is conveniently located in a quiet Old Town neighborhood just steps from galleries, restaurant and shopping. One story and spacious with beautiful Dade Co. pine and several sets of French doors opening to the outdoors. Expansive deck surrounds a wonderful 40' free form heated pool with a small adjacent pool house. Great rental history. Sold furnished with a transient licensed (list of exclusions to be provided by the seller including but not limited to artwork and oriental rugs).

Last Agent to Sell the Property

Douglas Mayberry

Doug Mayberry Real Estate (KW) Listed on: 09/15/2014

Last Buyer's Agent

Norman Wood Jr

SBX Real Estate, LLC (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,148

Year Built

  • Built in 1948

Lot Details

  • 5,275 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,650 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Ceiling Fan
  • French Doors
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Patio

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,148

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Selling Info: Home sold furnished with a transient license
  • Side: Median
  • State Province: FL
  • Taxes: 6147.67
  • Year Built: 1948
  • Alternate Key Number: 0003253
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat, Central Air
  • Lot Sq Ft: 5275.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Tax Exemptions: None
  • Building Style Stories: 1 Story
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1650.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Oven, Washer, Refrigerator, Range, Dryer
  • Floor: Wood
  • Windows/Doors: French Doors
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Lot Size: 45 x 110 irregular
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 15, 2014
Closed on
Nov 4, 2014
Sold by
Maclear Douglas C
Bought by
The Captain Conch House Llc
Seller's Agent
Douglas Mayberry
Doug Mayberry Real Estate (KW)
Buyer's Agent
Norman Wood Jr
SBX Real Estate, LLC (KW)
List Price
$1,250,000
Sold Price
$1,260,000
Premium/Discount to List
$10,000
0.8%
Current Estimated Value
$2,046,551

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$786,551
Avg. Annual Appreciation
4.58%
Original Mortgage
$882,000
Outstanding Balance
$725,102
Interest Rate
6%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,321,449

Purchase Details

Closed on
May 3, 2013
Sold by
4Sibs Inc
Bought by
Kutcher Theodore and Kutcher Alison

Purchase Details

Closed on
Apr 23, 2013
Sold by
Maclear Douglas G
Bought by
4 Sibs Inc

Purchase Details

Closed on
Jan 1, 1993
Bought by
The Captain Conch House Llc

Purchase Details

Closed on
Jan 1, 1982
Bought by
The Captain Conch House Llc

Purchase Details

Closed on
Aug 1, 1980
Bought by
The Captain Conch House Llc

Purchase Details

Closed on
May 1, 1979
Bought by
The Captain Conch House Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
The Captain Conch House Llc $1,260,000 Attorney
Kutcher Theodore -- Attorney
4 Sibs Inc -- Attorney
The Captain Conch House Llc $290,000 --
The Captain Conch House Llc $6,000 --
The Captain Conch House Llc $100,000 --
The Captain Conch House Llc $69,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open The Captain Conch House Llc $882,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2014 11/04/14 Sold $1,260,000 +0.8% $764 / Sq Ft
10/13/2014 10/13/14 Pending -- -- --
09/15/2014 09/15/14 For Sale $1,250,000 -- $758 / 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 $10,403 $1,463,376 $929,762 $533,614
2023 $10,403 $1,321,234 $808,739 $512,495
2022 $9,418 $1,213,587 $695,400 $518,187
2021 $8,518 $923,832 $518,669 $405,163
2020 $8,967 $978,387 $568,615 $409,772
2019 $8,886 $960,575 $564,720 $395,855
2018 $8,992 $952,486 $552,286 $400,200
2017 $9,226 $961,067 $0 $0
2016 $10,978 $1,087,873 $0 $0
2015 $11,036 $1,064,459 $0 $0
2014 $6,189 $555,203 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Douglas Mayberry

    Doug Mayberry Real Estate (KW)

  • N

    Buyer's Agent in 2014

    Norman Wood Jr

    SBX Real Estate, LLC (KW)

  • N

    Buyer's Agent in 2014

    Norman Wood

    Resort Realty & Appraisals Inc (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 120348

Florida Keys Board of REALTORS®

APN: 00032530-000000

Florida Monroe County Key West 33040 Old Town

1017 Varela St, Key West, FL

This home is located at 1017 Varela St, Key West, FL 33040 since 15 September 2014 and is currently estimated at $2,046,551, approximately $1,240 per square foot. This property was built in 1948. 1017 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.

Nearby Homes