NOT LISTED FOR SALE

1023 Whitehead St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,032,000 - $2,438,000

12 Beds
6 Baths
3,960 Sq Ft
$573/Sq Ft Est. Value

Last Sold December 18, 2014

Last sale price $950,000 $240 Per Sq Ft

Est. 139% increase in value since last sale

Current estimated payment $13,137/month

230 Days on Market

Highlights

  • Wood Flooring
  • No HOA
  • Patio
  • Furnished
  • Screened Balcony
  • Shed

About This Home

As of December 2014

4 unit apartment house ready for investment or your employees. The building consists of a 3/1, 2/1, 3/1.5 and a 4/1.5 bath. The structure is fairly recent (1988). The location is great being close to Duval Street, the Hemingway House and the Southernmost Point. One of the owners is a Florida Licensed Real Estate Agent and is the listing agent.

Last Agent to Sell the Property

Steven Eid

Sunshine State Realty Services Listed on: 05/02/2014

Last Buyer's Agent

Lara Rutskin

Coldwell Banker Schmitt Real Estate Co. License #3228642

Coldwell Banker Schmitt Real Estate Co.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,186

Year Built

  • Built in 1988

Lot Details

  • 3,564 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 3,960 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Single Hung Windows
  • Blinds
  • Range

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 12 Bedrooms

Outdoor Features

  • Screened Balcony
  • Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00027450-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,186

Year Built

Built in 1988

Lot Details

0

Listing Details

  • Property Type: Residential
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Potential Short Sale: Yes
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Other See Remarks
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 7186.18
  • Title: Negotiable
  • Year Built: 1988
  • Alternate Key Number: 1028223
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 3564.00
  • Porch Balcony: Patio, Screened P/B
  • Tax Exemptions: None
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 3960.00
  • Special Features: 12
  • Property Sub Type: Detached
  • Stories: 3

Interior Features

  • Interior Amenities: Drapes/Blinds Incl
  • Total Bathrooms: 4.20
  • Full Bathrooms: 4
  • Appliances: Range, Refrigerator
  • Floor: Carpet, Wood, Tile
  • Half Bathrooms: 2
  • Windows/Doors: Aluminum Windows, Single Hung Windows
  • Total Bedrooms: 12

Exterior Features

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

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00027450-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Furnished: Furnished, Partially

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2014
Closed on
Dec 18, 2014
Sold by
1023 Whitehead Llc
Bought by
Made Properties Kw Llc
Seller's Agent
Steven Eid
Sunshine State Realty Services
Buyer's Agent
Lara Rutskin
Coldwell Banker Schmitt Real Estate Co.
List Price
$1,100,000
Sold Price
$950,000
Premium/Discount to List
-$150,000
-13.64%
Total Days on Market
230
Current Estimated Value
$2,269,807

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,319,807
Avg. Annual Appreciation
8.84%

Purchase Details

Closed on
Oct 25, 2004
Sold by
Soule Thomas W
Bought by
1023 Whitehead Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,080,000
Interest Rate
5.64%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1988
Bought by
Made Properties Kw Llc

Purchase Details

Closed on
Sep 1, 1987
Bought by
Made Properties Kw Llc
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Made Properties Kw Llc $950,000 Attorney
1023 Whitehead Llc $1,350,000 Keys Title & Abstract Co
Made Properties Kw Llc $70,000 --
Made Properties Kw Llc $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Made Properties Kw Llc $429,000
Closed Made Properties Kw Llc $429,000
Closed Made Properties Kw Llc $442,800
Closed Edelstein Michael A $100,000
Previous Owner 1023 Whitehead Llc $1,080,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/18/2014 12/18/14 Sold $950,000 -13.6% $240 / Sq Ft
12/18/2014 12/18/14 Pending -- -- --
05/02/2014 05/02/14 For Sale $1,100,000 -- $278 / 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 $13,099 $1,612,611 $871,377 $741,234
2023 $13,099 $1,530,891 $800,898 $729,993
2022 $11,777 $1,352,740 $606,546 $746,194
2021 $10,714 $1,028,041 $459,893 $568,148
2020 $10,275 $983,352 $421,450 $561,902
2019 $10,345 $983,770 $407,106 $576,664
2018 $10,580 $992,044 $385,855 $606,189
2017 $10,394 $1,006,806 $0 $0
2016 $10,154 $944,475 $0 $0
2015 $9,295 $763,450 $0 $0
2014 $7,827 $597,766 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2014

    Steven Eid

    Sunshine State Realty Services

  • L

    Buyer's Agent in 2014

    Lara Rutskin

    Coldwell Banker Schmitt Real Estate Co.

    (305) 240-4905

    49 Total Sales

    Lara Rutskin
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 119755

Florida Keys Board of REALTORS®

APN: 00027450-000000

Florida Monroe County Key West 33040 Old Town

1023 Whitehead St, Key West, FL

This home is located at 1023 Whitehead St, Key West, FL 33040 since 02 May 2014 and is currently estimated at $2,269,807, approximately $573 per square foot. This property was built in 1988. 1023 Whitehead 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.

Nearby Homes