NOT LISTED FOR SALE

1018 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $697,327 - $1,257,000

1 Bed
1 Bath
1,071 Sq Ft
$871/Sq Ft Est. Value

Last Sold December 20, 2012

Last sale price $435,000 $406 Per Sq Ft

Est. 115% increase in value since last sale

Current estimated payment $5,442/month

46 Days on Market

Highlights

  • Shotgun Architecture
  • Wood Flooring
  • No HOA
  • Cathedral Ceiling
  • Loft
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of December 2012

This quintessential Conch Cottage features historic shotgun'' style with recently added designer flair. An open floor plan offers 1 BR & 1 BA plus a full sleeping loft, vaulted ceilings in the main living area, a wide entrance hall & rich Dade County Pine walls throughout the home emphasizing the architectural significance of the period of original construction. Your outdoor living is host to an intimate tropical oasis off the rear of the home & a highly cherished front porch to comfortably watch Key West pass by. The location is superb central to the White Street artist & merchant district, Higgs Beach & Duval Street. Great monthly vacation rental history.

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 10/09/2012

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Jimmy Lane

Prudential Knight Keyside Pro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,830

Year Built

  • Built in 1938

Lot Details

  • 1,825 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Shotgun Architecture
  • Frame Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 1,071 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Double Hung Windows
  • French Doors
  • Loft
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Separate Meters
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00032610-000200

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,830

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: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 2830.45
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 8643713
  • Building Style: Shotgun
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 1825.00
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1071.00
  • Pre Wired: Cable
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Window Treatments, Smoke Alarms, Other, Dade County Pine
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Dryer, Disposal
  • Floor: Laminate, Wood, Tile
  • Specialty Rooms: Laundry Room, Loft
  • Windows/Doors: Double Hung Windows, French Doors
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Storage, Privacy Wall/Fence, Lighting
  • Roof: Metal Roof, Shingle Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X500
  • Parcel Number: 00032610-000200
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 29, 2022
Sold by
Stephanie Southgate
Bought by
Stephanie Anne Southgate Living Trust
Current Estimated Value
$933,082

Purchase Details

Closed on
Apr 8, 2014
Sold by
Hughes Silvia
Bought by
Southgate Stephanie A

Purchase Details

Listed on
Oct 9, 2012
Closed on
Dec 20, 2012
Sold by
Horn Rainer W and Herzog Jurgen M
Bought by
Hughes Silvia
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Jimmy Lane
Prudential Knight Keyside Pro
List Price
$440,000
Sold Price
$435,000
Premium/Discount to List
-$5,000
-1.14%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.18%

Purchase Details

Closed on
Jan 25, 2010
Sold by
Mauldin William A and Mauldin Teresa A
Bought by
Horn Rainer W and Herzog Jurgen M

Purchase Details

Closed on
Jun 16, 2004
Sold by
Hodecker Carol Hills and Hills Carol
Bought by
Mauldin William A and Mauldin Teresa A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
6.19%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Apr 15, 1997
Sold by
Smith Lynda K
Bought by
Hills Carol

Purchase Details

Closed on
Nov 28, 1994
Sold by
Scally James R
Bought by
Smith Lynda K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$104,930
Interest Rate
8.92%

Purchase Details

Closed on
Nov 30, 1993
Sold by
Bester Robert J
Bought by
Scally James R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$97,850
Interest Rate
6.75%

Purchase Details

Closed on
Aug 1, 1993
Bought by
Southgate Stephanie A

Purchase Details

Closed on
Mar 1, 1983
Bought by
Southgate Stephanie A
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
Stephanie Anne Southgate Living Trust -- Loriellen Robertson Pa
Southgate Stephanie A -- Attorney
Hughes Silvia $435,000 Attorney
Horn Rainer W $339,000 Attorney
Mauldin William A $550,000 --
Hills Carol $185,000 --
Smith Lynda K $149,900 --
Scally James R $103,000 --
Southgate Stephanie A $500 --
Southgate Stephanie A $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Mauldin William A $75,000
Previous Owner Mauldin William A $440,000
Previous Owner Hills Carol $118,692
Previous Owner Hills Carol $150,000
Previous Owner Smith Lynda K $104,930
Previous Owner Scally James R $97,850
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2012 12/20/12 Sold $435,000 -1.1% $406 / Sq Ft
11/24/2012 11/24/12 Pending -- -- --
10/09/2012 10/09/12 For Sale $440,000 -- $411 / 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 $4,765 $642,850 $489,009 $153,841
2023 $4,765 $568,671 $425,357 $143,314
2022 $4,297 $512,305 $365,747 $146,558
2021 $3,938 $400,838 $272,795 $128,043
2020 $3,971 $406,419 $299,064 $107,355
2019 $3,994 $405,620 $295,665 $109,955
2018 $4,021 $400,737 $289,465 $111,272
2017 $4,110 $403,336 $0 $0
2016 $4,456 $416,621 $0 $0
2015 $4,256 $384,607 $0 $0
2014 $3,488 $295,374 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vic Musmanno

    Seller's Agent in 2012

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    14 in this area

    153 Total Sales

    Vic Musmanno
    Section Image

  • J

    Buyer's Agent in 2012

    Jimmy Lane

    Prudential Knight Keyside Pro

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 117038

Florida Keys Board of REALTORS®

APN: 00032610-000200

Florida Monroe County Key West 33040 Old Town

1018 Varela St, Key West, FL

This home is located at 1018 Varela St, Key West, FL 33040 since 09 October 2012 and is currently estimated at $933,082, approximately $871 per square foot. This property was built in 1938. 1018 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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