NOT LISTED FOR SALE

1025 Grinnell St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,570,000 - $1,856,000

3 Beds
2 Baths
1,239 Sq Ft
$1,401/Sq Ft Est. Value

Last Sold June 20, 2016

Last sale price $575,000 $464 Per Sq Ft

Est. 202% increase in value since last sale

Current estimated payment $10,098/month

196 Days on Market

Highlights

  • 0.12 Acre Lot
  • Key West Architecture
  • No HOA
  • Fruit Trees
  • Wood Flooring
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of June 2016

Legal duplex. Large, completely fenced, corner lot with 2 driveways, off street parking, separate utilities. Single story Conch house with Dade County Pine construction. Bamboo floors, partially remodeled baths, w/d stack units for each apartment. Well in the backyard. Property has 2 addresses. Located in X zone. Rental income $4,200/month, tenant pays all utilities. One of the owners is licensed Florida Realtor.

Last Agent to Sell the Property

Brenda Duley

Berkshire Hathaway HomeServices Knight & Gardner Realty Listed on: 11/24/2015

Last Buyer's Agent

Ellen Gvili

Ocean Sotheby's International Realty

Ocean Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,000

Year Built

  • Built in 1924

Lot Details

  • 5,425 Sq Ft Lot
  • Fenced
  • Fruit Trees

Home Design

  • Duplex
  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,239 Sq Ft Home
  • Ceiling Fan
  • Blinds
  • Storage
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed

Utilities

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

Community Details

  • No Home Owners Association
  • Gg Watson Sub Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,000

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • 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
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6000.00
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1924
  • Alternate Key Number: 1032182
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 5425.00
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1239.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Other, Walk-in Closet(s), Storage, Dade County Pine, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Microwave, Refrigerator, Range, Oven
  • Floor: Combo, Wood
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Combo Construction, Frame
  • Exterior Features: Fencing, Shed, Storage, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Lot Size: 50' X 108.5'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Furnished: Negotiable

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 31, 2023
Sold by
Shepler William and Shepler Liv
Bought by
Smith Christina
Current Estimated Value
$1,735,408

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$975,000
Outstanding Balance
$943,279
Interest Rate
6.32%
Mortgage Type
New Conventional
Estimated Equity
$792,129

Purchase Details

Listed on
Nov 24, 2015
Closed on
Jun 20, 2016
Sold by
Duley Joseph and Duley Brenda
Bought by
Shepler William B and Sorli Liv
Seller's Agent
Brenda Duley
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Ellen Gvili
Ocean Sotheby's International Realty
List Price
$699,000
Sold Price
$575,000
Premium/Discount to List
-$124,000
-17.74%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.33%
Original Mortgage
$460,000
Interest Rate
4.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2014
Sold by
Jbek Llc
Bought by
Duley Brenda and Duley Joseph

Purchase Details

Closed on
Jun 7, 2012
Bought by
Shepler William B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$435,000
Interest Rate
3.86%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 9, 2009
Sold by
Everingham Robert and Everingham Constance A
Bought by
Everingham Robert and Everingham Constance A

Purchase Details

Closed on
May 13, 2004
Sold by
Williams Garfield E
Bought by
Everingham Robert and Everingham Constance A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$490,000
Interest Rate
5.77%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 25, 2004
Sold by
Rolewicz Timothy
Bought by
Williams Garfield E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$382,500
Interest Rate
5.63%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 3, 1993
Sold by
Miami District Board
Bought by
Rolewicz Timothy F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
6.97%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1970
Bought by
Shepler William B
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Smith Christina $1,600,000 --
Shepler William B $575,000 None Available
Duley Brenda -- None Available
Shepler William B $450,000 --
Everingham Robert -- None Available
Everingham Robert $612,500 --
Williams Garfield E $450,000 Girard Title Company
Rolewicz Timothy F $109,000 --
Shepler William B $11,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Christina $975,000
Previous Owner Shepler William B $460,000
Previous Owner Shepler William B $435,000
Previous Owner Everingham Robert $490,000
Previous Owner Williams Garfield E $382,500
Previous Owner Rolewicz Timothy F $95,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2016 06/20/16 Sold $575,000 -17.7% $464 / Sq Ft
06/07/2016 06/07/16 Pending -- -- --
11/24/2015 11/24/15 For Sale $699,000 -- $564 / 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 $11,745 $1,289,501 $755,811 $533,690
2024 $7,951 $1,309,958 $780,224 $529,734
2023 $7,951 $983,392 $552,699 $430,693
2022 $6,831 $765,752 $496,062 $269,690
2021 $6,376 $630,418 $395,483 $234,935
2020 $6,038 $594,765 $412,083 $182,682
2019 $5,866 $605,734 $413,846 $191,888
2018 $5,507 $555,408 $363,258 $192,150
2017 $4,983 $453,779 $0 $0
2016 $5,554 $487,788 $0 $0
2015 $6,850 $602,519 $0 $0
2014 $4,700 $405,045 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2016

    Brenda Duley

    Berkshire Hathaway HomeServices Knight & Gardner Realty

  • E

    Buyer's Agent in 2016

    Ellen Gvili

    Ocean Sotheby's International Realty

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122455

Florida Keys Board of REALTORS®

APN: 00031390-000000

Florida Monroe County Key West 33040 Old Town

1025 Grinnell St, Key West, FL

Not Listed for Sale

MultiFamily

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