NOT LISTED FOR SALE

1020 Watson Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $667,774 - $1,030,000

2 Beds
1 Bath
860 Sq Ft
$957/Sq Ft Est. Value

Last Sold September 30, 2020

Last sale price $494,000 $574 Per Sq Ft

Est. 72% increase in value since last sale

Current estimated payment $5,046/month

94 Days on Market

Highlights

  • Key West Architecture
  • Walk-In Closet
  • Storage
  • No HOA
  • Patio
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of September 2020

Take a walk down this quiet Lane and you will find one of the lowest priced Single Family Homes just waiting to be discovered. The home offers 2 bedrooms that both have larger than expected closet space. Open floor plan Living room/ Kitchen/ Dining room that has a doorway to the side patio area. The patio would be a perfect location to add a Hot Tub/Spa. Stay cool inside the home with your central air condition. The roof is metal V-crimp. The home is move in ready... Please note 1020 Watson Lane is located in the valuable X flood zone.. Call today to make this Key West cottage yours.....Very easy to show with short notice.. Note this is a single family home No HOA fees here...

Last Agent to Sell the Property

Barbara Crespo

Coldwell Banker Schmitt Real Estate Co. (KW) Listed on: 06/08/2020

Last Buyer's Agent

Christopher Scott,PA

Expert Realty LLC (HQ) License #3450762

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,032

Year Built

  • Built in 1938

Lot Details

  • 1,440 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 860 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Range

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Additional Features

  • Patio
  • Ground Level

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00033340-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,032

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
  • Mandatory HOA: No
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 4031.95
  • Year Built: 1938
  • Alternate Key Number: 1034126
  • Building Style: Conch, Ground Level
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 1440.00
  • Porch Balcony: Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 860.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Split Bedroom, Walk-in Closet(s), Storage
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Range, Washer, Refrigerator
  • Floor: Carpet, Tile, Laminate
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00033340-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 8, 2020
Closed on
Sep 30, 2020
Sold by
Creel Robert and Creel Roxanna L
Bought by
Scheck Thomas
Seller's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Christopher Scott,PA
Expert Realty LLC (HQ)
List Price
$575,000
Sold Price
$494,000
Premium/Discount to List
-$81,000
-14.09%
Current Estimated Value
$850,441

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$356,441
Avg. Annual Appreciation
11.16%

Purchase Details

Closed on
Mar 7, 2000
Sold by
Albury James and Albury Cecelia Albury
Bought by
Creel Robert and Creel Roxanna L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
8.29%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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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
Scheck Thomas $494,000 None Available
Creel Robert $75,000 --
Creel Robert $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Creel Robert $195,000
Previous Owner Creel Robert $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2020 09/30/20 Sold $494,000 -8.3% $574 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
07/05/2020 07/05/20 Price Changed $538,900 0.0% $627 / Sq Ft
06/17/2020 06/17/20 Price Changed $539,000 -6.3% $627 / Sq Ft
06/08/2020 06/08/20 For Sale $575,000 -- $669 / 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 $4,945 $567,503 $386,662 $180,841
2023 $4,945 $507,235 $336,118 $171,117
2022 $4,503 $462,870 $289,786 $173,084
2021 $4,223 $384,497 $232,502 $151,995
2020 $3,723 $329,722 $234,187 $95,535
2019 $4,032 $362,490 $264,226 $98,264
2018 $4,056 $359,088 $259,459 $99,629
2017 $4,127 $360,453 $0 $0
2016 $4,218 $355,535 $0 $0
2015 -- $331,010 $0 $0
2014 -- $294,061 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2020

    Barbara Crespo

    Coldwell Banker Schmitt Real Estate Co. (KW)

  • C

    Buyer's Agent in 2020

    Christopher Scott,PA

    Expert Realty LLC (HQ)

    (305) 340-8080

    6 in this area

    38 Total Sales

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591167

Florida Keys Board of REALTORS®

APN: 00033340-000000

Florida Monroe County Key West 33040 Old Town

1020 Watson Ln, Key West, FL

This home is located at 1020 Watson Ln, Key West, FL 33040 since 08 June 2020 and is currently estimated at $822,694, approximately $956 per square foot. This property was built in 1938. 1020 Watson Ln 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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