NOT LISTED FOR SALE

1018 18th Terrace Key West, FL 33040

New Town Neighborhood

Estimated Value: $1,056,901 - $1,092,000

3 Beds
2 Baths
1,605 Sq Ft
$671/Sq Ft Est. Value

Last Sold March 10, 2023

Last sale price $1,025,000 $639 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $5,922/month

226 Days on Market

About This Home

As of March 2023

This New Town Key West home has it all from a large fully fenced 6800 square foot lot to a large pool plus it is elevated, comes fully furnished and has hurricane impact windows throughout. Close to shopping, restaurants and schools, this 3 bedroom/2 bath home's rear gate opens to Cozumel Park with children's water park. There is plenty of off street parking with a carport in this quiet family neighborhood.

Last Agent to Sell the Property

Ralph Sanchez

Century 21 All Keys Inc (KW) License #639260 Listed on: 06/28/2022

Century 21 All Keys Inc (KW)

Co-Listed By

Danny Sanchez

Century 21 All Keys Inc (KW) License #661934

Last Buyer's Agent

The Donnelly Lowe Group

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3037635

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,855

Year Built

1976

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 4.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 2771.27
  • Vehicle Storage: Carport, Off Street Parking
  • Year Built: 1976
  • Alternate Key Number: 1057321
  • Lot Sq Ft: 6805.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1605.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Oven, Range, Refrigerator, Dishwasher
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00056830-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 28, 2022
Closed on
Mar 8, 2023
Sold by
Malgrat Kimerlie A Grizzle and Malgrat Michael Lee
Bought by
Vanvalkenburgh Charles N and Rowe Ronda C
Seller's Agent
Ralph Sanchez
Century 21 All Keys Inc (KW)
Buyer's Agent
The Donnelly Lowe Group
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,150,000
Sold Price
$1,025,000
Premium/Discount to List
-$125,000
-10.87%
Views
1
Current Estimated Value
$1,076,225

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$51,225
Avg. Annual Appreciation
2.12%

Purchase Details

Closed on
Apr 30, 2003
Sold by
Lockwood Dale A and Lockwood Valerie L
Bought by
Malgrat Michael Lee and Malgrat Kimerlie A Grizzle

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$376,000
Interest Rate
5.86%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 15, 2002
Sold by
Wheeler Linda B
Bought by
Lockwood Dale A and Lockwood Valerie L

Purchase Details

Closed on
Jun 11, 1996
Sold by
Protopsaltis Peter A and Protopsaltis Earlene D
Bought by
Lockwood Buddie A and Lockwood Vicki L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$163,600
Interest Rate
7.88%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 1, 1991
Bought by
Malgrat Kimerlie A Grizzel and Malgrat Michael Lee

Purchase Details

Closed on
Feb 1, 1977
Bought by
Malgrat Kimerlie A Grizzel and Malgrat Michael Lee
Source: Public Records

Range of Values:

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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
Vanvalkenburgh Charles N $1,025,000 --
Malgrat Michael Lee $470,000 First American Title Ins Co
Lockwood Dale A -- --
Lockwood Dale A $376,000 --
Lockwood Buddie A $215,000 --
Malgrat Kimerlie A Grizzel $165,000 --
Malgrat Kimerlie A Grizzel $55,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Malgrat Michael Lee $376,000
Previous Owner Lockwood Buddie A $163,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2023 03/10/23 Sold $1,025,000 -10.9% $639 / Sq Ft
01/18/2023 01/18/23 For Sale $1,150,000 +12.2% $717 / Sq Ft
08/24/2022 08/24/22 Off Market $1,025,000 -- --
06/28/2022 06/28/22 For Sale $995,000 -- $620 / Sq Ft
Source: Key West 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 $2,855 $855,995 $569,715 $286,280
2023 $2,855 $327,014 $0 $0
2022 $2,728 $317,490 $0 $0
2021 $2,771 $308,243 $0 $0
2020 $2,724 $303,988 $0 $0
2019 $2,681 $297,154 $0 $0
2018 $2,671 $291,614 $0 $0
2017 $2,655 $285,617 $0 $0
2016 $2,727 $279,743 $0 $0
2015 $2,781 $277,798 $0 $0
2014 $2,854 $275,593 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2023

    Ralph Sanchez

    Century 21 All Keys Inc (KW)

    (305) 395-0383

    2 in this area

    15 Total Sales

    Ralph Sanchez
    Section Image
  • Danny Sanchez

    Seller Co-Listing Agent in 2023

    Danny Sanchez

    Century 21 All Keys Inc (KW)

    (305) 896-7253

    1 in this area

    19 Total Sales

    Danny Sanchez
    Section Image

  • T

    Buyer's Agent in 2023

    The Donnelly Lowe Group

    Berkshire Hathaway HomeServices Knight & Gardner Realty

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 601581

Key West Association of REALTORS®

APN: 00056830-000000

Florida Monroe County Key West 33040 New Town

1018 18th Terrace, Key West, FL

This home is located at 1018 18th Terrace, Key West, FL 33040 since 28 June 2022 and is currently estimated at $1,076,225, approximately $670 per square foot. This property was built in 1976. 1018 18th Terrace is a home located in Monroe County with nearby schools including Poinciana Elementary School, Key West High School, and Sigsbee Charter 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.

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