NOT LISTED FOR SALE

1022 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $920,927 - $1,104,000

2 Beds
1.5 Baths
919 Sq Ft
$1,078/Sq Ft Est. Value

Last Sold September 30, 2019

Last sale price $587,000 $639 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $5,622/month

109 Days on Market

Highlights

  • Deck
  • No HOA
  • Balcony
  • Key West Architecture
  • Stainless Steel Appliances
  • 1-minute walk to Higgs Beach Dog Park

About This Home

As of September 2019

It can take years to understand the best neighborhoods in Key West, but 1022 Varela will spare you the time. A hidden corridor between main streets and a few short blocks long, Varela is truly and purely residential (including two schools, and City Hall at one end). Within easy walking distance lie the conveniences of grocery stores, pet groomers, gas stations and liquor stores, as well as life-enhancing Cuban coffee shops, galleries, health and wellness businesses, and restaurants--including the beloved Seven Fish. A renovated, original Conch cottage from the early 20th century, 1022 Varela welcomes with a charming front porch for sitting to watch island life pass. The cozy living room directly inside flows into a modernized kitchen and out through French doors to an island house's

Last Agent to Sell the Property

Brenda Donnelly

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3037635 Listed on: 04/29/2019

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Sabre Mendoza

Coldwell Banker Schmitt RE Co. License #3329584

Coldwell Banker Schmitt RE Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,253

Year Built

  • Built in 1933

Lot Details

  • 1,659 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 919 Sq Ft Home
  • Ceiling Fan
  • Skylights
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00032640-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,253

Year Built

Built in 1933

Lot Details

1,659 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 3252.94
  • Year Built: 1933
  • Alternate Key Number: 1033405
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1659.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 919.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Sky Light(s), Storage, Smoke Alarms
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Oven, Washer, Stainless Steel Appliance(s), Refrigerator, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X Flood Zone
  • Parcel Number: 00032640-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2019
Closed on
Oct 4, 2019
Sold by
Martinet Louis D and Martinet Patricia A
Bought by
Baumann Christopher J and Baumann Phyllis Ann
Seller's Agent
Brenda Donnelly
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Sabre Mendoza
Coldwell Banker Schmitt RE Co.
List Price
$629,000
Sold Price
$587,000
Premium/Discount to List
-$42,000
-6.68%
Current Estimated Value
$990,982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$403,982
Avg. Annual Appreciation
8.55%

Purchase Details

Listed on
Mar 28, 2013
Closed on
Jul 17, 2013
Sold by
Richards Donald A and Simonzi Mark E
Bought by
Martinet Louis D and Martinet Patricia A
Seller's Agent
Roger Emmons
Truman & Co. (KW)
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$450,000
Sold Price
$405,000
Premium/Discount to List
-$45,000
-10%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.16%
Original Mortgage
$262,500
Interest Rate
3.91%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 21, 2002
Sold by
Sean G Rowley M and Sean Marna L
Bought by
Richards Donald A and Simonzi Mark E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$85,000
Interest Rate
7.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 4, 1999
Sold by
Lockard Mary J
Bought by
Rowley Sean G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
6.79%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 1, 1989
Bought by
Martinet Louis D and Martinet Patricia A

Purchase Details

Closed on
Jul 1, 1986
Bought by
Martinet Louis D and Martinet Patricia A
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Baumann Christopher J $587,000 None Listed On Document
Martinet Louis D $405,000 Attorney
Richards Donald A $295,000 --
Rowley Sean G $200,000 --
Martinet Louis D $135,000 --
Martinet Louis D $52,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Martinet Louis D $262,500
Previous Owner Rowley Sean G $85,000
Previous Owner Rowley Sean G $25,000
Previous Owner Rowley Sean G $160,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
09/30/2019 09/30/19 Sold $587,000 -6.7% $639 / Sq Ft
08/16/2019 08/16/19 Pending -- -- --
04/29/2019 04/29/19 For Sale $629,000 +55.3% $684 / Sq Ft
07/16/2013 07/16/13 Sold $405,000 -10.0% $418 / Sq Ft View Prior Sale
07/11/2013 07/11/13 Pending -- -- --
03/28/2013 03/28/13 For Sale $450,000 -- $464 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $6,205 $778,649 $453,583 $325,066
2024 $5,718 $768,285 $453,583 $314,702
2023 $5,718 $687,117 $394,542 $292,575
2022 $5,198 $634,928 $339,250 $295,678
2021 $4,747 $493,206 $253,032 $240,174
2020 $4,470 $463,527 $277,398 $186,129
2019 $3,688 $411,456 $0 $0
2018 $3,682 $403,785 $0 $0
2017 $3,663 $395,480 $0 $0
2016 $3,772 $387,346 $0 $0
2015 $3,847 $384,653 $0 $0
2014 $4,384 $381,600 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2019

    Brenda Donnelly

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image

  • S

    Buyer's Agent in 2019

    Sabre Mendoza

    Coldwell Banker Schmitt RE Co.

    (305) 906-1954

    1 in this area

    12 Total Sales

    Sabre Mendoza
    Section Image
  • Roger Emmons

    Seller's Agent in 2013

    Roger Emmons

    Truman & Co. (KW)

    (305) 304-7446

    21 in this area

    66 Total Sales

    Roger Emmons
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 585438

Florida Keys Board of REALTORS®

APN: 00032640-000000

Florida Monroe County Key West 33040 Old Town

1022 Varela St, Key West, FL

Not Listed for Sale

Detached

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