NOT LISTED FOR SALE

1025 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $991,000 - $1,279,000

3 Beds
3 Baths
1,750 Sq Ft
$639/Sq Ft Est. Value

Last Sold April 05, 2021

Last sale price $750,000 $429 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,568/month

21 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • Some Wood Windows
  • Granite Countertops
  • Balcony
  • 1-minute walk to Higgs Beach Dog Park

About This Home

As of April 2021

Historic conch cottage on a beautiful corner lot in old town. Dade County pine runs from the floors to the high ceilings throughout the home. This home features a large loft. The kitchen features granite countertops. Within walking and biking distance to great restaurants, shops, galleries, and community parks. You are close enough to all of the action and yet far enough to enjoy a quiet evening on your front porch. This home has no lack of storage and closet space and a rare to find garage. This home is in the much desireable X flood zone

Last Agent to Sell the Property

Sarah Dolson

Coldwell Banker Schmitt Real Estate Co. (KW) Listed on: 01/24/2021

Last Buyer's Agent

Daniel Skahen

Preferred Properties (KW) License #624743

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,298

Year Built

  • Built in 1933

Lot Details

  • 1,784 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Garage

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,750 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Skylights
  • Some Wood Windows
  • Double Hung Windows
  • Blinds

Kitchen

  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

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

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,298

Year Built

Built in 1933

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
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4298.41
  • Title: Negotiable
  • Vehicle Storage: Garage
  • Year Built: 1933
  • Alternate Key Number: 1033260
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 1784.00
  • Porch Balcony: Open Porch/Balcony
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1750.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Sky Light(s), Granite Counter Top, Dade County Pine, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Refrigerator
  • Windows/Doors: Double Hung Windows, Wood Windows
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2021
Closed on
Apr 2, 2021
Sold by
Dalsin Michael J and Dalsin Julie
Bought by
Strausbaugh Janet and Lynch Kevin W
Seller's Agent
Sarah Dolson
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Daniel Skahen
Preferred Properties (KW)
List Price
$779,000
Sold Price
$750,000
Premium/Discount to List
-$29,000
-3.72%
Current Estimated Value
$1,118,311

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$368,311
Avg. Annual Appreciation
9.46%
Original Mortgage
$450,000
Outstanding Balance
$403,005
Interest Rate
2.37%
Mortgage Type
New Conventional
Estimated Equity
$715,306

Purchase Details

Closed on
Apr 7, 2004
Sold by
Coleman Larry Page
Bought by
Dalsin Michael J and Dalsin Julie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$502,500
Interest Rate
4.87%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 23, 1998
Sold by
Surber Grable A and Surber M
Bought by
Coleman Larry P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$180,000
Interest Rate
6.89%
Mortgage Type
New Conventional

Purchase Details

Closed on
Dec 15, 1997
Sold by
Mccarthy James R
Bought by
Surber Grable A and Surber Patricia M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000
Interest Rate
7.19%
Mortgage Type
Balloon

Purchase Details

Closed on
Jan 1, 1992
Bought by
Dalsin Michael J and Dalsin Julie

Purchase Details

Closed on
Aug 1, 1990
Bought by
Dalsin Michael J and Dalsin Julie
Source: Public Records

Range of Values:

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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
Strausbaugh Janet $750,000 Attorney
Dalsin Michael J $670,000 Independent Abstract & Title
Coleman Larry P $225,000 --
Surber Grable A $5,000 --
Dalsin Michael J $127,000 --
Dalsin Michael J $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Strausbaugh Janet $450,000
Previous Owner Dalsin Michael J $502,500
Previous Owner Surber Grable A $200,000
Previous Owner Surber Grable A $165,300
Previous Owner Surber Grable A $180,000
Previous Owner Surber Grable A $5,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/05/2021 04/05/21 Sold $750,000 -3.7% $429 / Sq Ft
01/24/2021 01/24/21 For Sale $779,000 -- $445 / 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 $6,265 $761,951 -- --
2023 $6,265 $739,759 $416,829 $322,930
2022 $6,043 $678,037 $358,413 $319,624
2021 $5,061 $567,864 $267,325 $300,539
2020 $4,720 $543,888 $293,067 $250,821
2019 $4,104 $418,094 $289,713 $128,381
2018 $4,153 $415,362 $283,661 $131,701
2017 $4,249 $422,002 $0 $0
2016 $4,256 $427,204 $0 $0
2015 $4,039 $396,700 $0 $0
2014 $3,670 $312,909 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2021

    Sarah Dolson

    Coldwell Banker Schmitt Real Estate Co. (KW)

  • Daniel Skahen

    Buyer's Agent in 2021

    Daniel Skahen

    Preferred Properties (KW)

    (305) 923-6524

    14 in this area

    33 Total Sales

    Daniel Skahen
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594319

Florida Keys Board of REALTORS®

APN: 00032510-000000

Florida Monroe County Key West 33040 Old Town

1025 Varela St, Key West, FL

This home is located at 1025 Varela St, Key West, FL 33040 since 24 January 2021 and is currently estimated at $1,118,311, approximately $639 per square foot. This property was built in 1933. 1025 Varela 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.

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