NOT LISTED FOR SALE

1018 18th Terrace Key West, FL 33040

New Town Neighborhood

Estimated Value: $977,416 - $1,113,000

3 Beds
2 Baths
1,605 Sq Ft
$641/Sq Ft Est. Value

Last Sold March 10, 2023

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

Est. 4% increase in value since last sale

Current estimated payment $6,222/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

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
$1,064,708

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$39,708
Avg. Annual Appreciation
0.16%

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:

--
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
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 List to Sale Price per Sq Ft
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
2025 $7,528 $797,443 $516,500 $280,943
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

    13 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

    2 in this area

    16 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

Not Listed for Sale

Detached

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