NOT LISTED FOR SALE

1021 Packer St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,029,402 - $1,229,000

3 Beds
2 Baths
1,395 Sq Ft
$800/Sq Ft Est. Value

Last Sold March 23, 2017

Last sale price $535,000 $384 Per Sq Ft

Est. 108% increase in value since last sale

Current estimated payment $6,383/month

121 Days on Market

Highlights

  • No HOA
  • 1-Story Property
  • Fenced
  • Tile Flooring
  • Ceiling Fan
  • 4-minute walk to Higgs Beach Dog Park

About This Home

As of March 2017

Historic 3 bedroom, 2 bath home in Old Town plus a 240 sf out building that needs City approval to rent. Backyard big enough for a pool. The house encroaches on 1019 Packer and needs to be lifted and moved 3 feet. Price reflects contractors bid of $142,500. See documents. This location is increasing in value with a $2 million home right across the street. One owner is a real estate salesman in FL.

Last Agent to Sell the Property

Steven Eid

Sunshine State Realty Services Listed on: 10/11/2016

Last Buyer's Agent

Jennifer Newman

Doug Mayberry Real Estate (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,434

Year Built

  • Built in 1904

Lot Details

  • 4,002 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,395 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Tile Flooring

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Location

  • Ground Level

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Gg Watson Sub Subdivision

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00031160-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,434

Year Built

Built in 1904

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • Mandatory HOA: No
  • Fee Includes: None
  • 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
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 6434.49
  • Vehicle Storage: Off Street Parking
  • Year Built: 1904
  • Alternate Key Number: 1031941
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 4002.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1395.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Floor: Tile
  • Appliances Other: See Photos
  • Total Bedrooms: 3

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: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00031160-000000
  • Lot Size: 42'8' x 93.5'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 2, 2021
Sold by
Falcon Eyric Farms Lc
Bought by
Copeland Chris
Current Estimated Value
$1,115,351

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$607,500
Outstanding Balance
$543,990
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$571,361

Purchase Details

Closed on
Jan 27, 2021
Sold by
Saenko Alexei and Dereskeviciene Vaida
Bought by
Falcon Eyrie Farms Lc

Purchase Details

Listed on
Oct 11, 2016
Closed on
Mar 16, 2017
Sold by
Seed Llc Florida Limited Liability Compa
Bought by
Falcon Eyrie Farms Lc
Seller's Agent
Steven Eid
Sunshine State Realty Services
Buyer's Agent
Jennifer Newman
Doug Mayberry Real Estate (KW)
List Price
$699,000
Sold Price
$535,000
Premium/Discount to List
-$164,000
-23.46%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
Nov 13, 2015
Sold by
The Jerre E Gerke Living Trust
Bought by
Seed Llc

Purchase Details

Closed on
Nov 2, 2015
Sold by
The Jerre E Gerke Living Trust
Bought by
Complete Credit Systems Llc

Purchase Details

Closed on
Dec 6, 1996
Sold by
Gerke Jerre E
Bought by
Gerke Jerre E

Purchase Details

Closed on
Oct 29, 1993
Sold by
Feldman Robert T and Thomas Peter D C
Bought by
Gerke Jerre and Dickson Gerald Joseph

Purchase Details

Closed on
Sep 1, 1991
Bought by
Seed Llc

Purchase Details

Closed on
Oct 1, 1978
Bought by
Seed Llc
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
Copeland Chris $675,000 Florida Hometown Title & Escro
Copeland Chris $675,000 Florida Hometown Title & Escro
Falcon Eyrie Farms Lc $40,000 Attorney
Falcon Eyrie Farms Lc $535,000 Florida Hometown Title & Esc
Seed Llc $588,400 None Available
Complete Credit Systems Llc $588,311 None Available
Gerke Jerre E $100 --
Gerke Jerre $145,000 --
Seed Llc -- --
Seed Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Copeland Chris $607,500
Closed Copeland Chris $607,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/23/2017 03/23/17 Sold $535,000 -23.5% $384 / Sq Ft
02/09/2017 02/09/17 Pending -- -- --
10/11/2016 10/11/16 For Sale $699,000 -- $501 / 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
2025 $6,617 $809,547 -- --
2024 $6,508 $786,732 -- --
2023 $6,508 $763,818 $0 $0
2022 $6,059 $721,090 $635,715 $85,375
2021 $5,206 $545,709 $474,152 $71,557
2020 $5,434 $573,899 $503,452 $70,447
2019 $5,346 $558,962 $499,049 $59,913
2018 $5,402 $553,953 $493,026 $60,927
2017 $5,501 $554,969 $0 $0
2016 $7,027 $681,224 $0 $0
2015 $6,434 $603,035 $0 $0
2014 $4,110 $385,339 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2017

    Steven Eid

    Sunshine State Realty Services

  • J

    Buyer's Agent in 2017

    Jennifer Newman

    Doug Mayberry Real Estate (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 572305

Florida Keys Board of REALTORS®

APN: 00031160-000000

Florida Monroe County Key West 33040 Old Town

1021 Packer St, Key West, FL

Not Listed for Sale

Detached

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