NOT LISTED FOR SALE

1028 James St Key West, FL 33040

Estimated Value: $1,116,000 - $1,589,000

2 Beds
2 Baths
1,309 Sq Ft
$994/Sq Ft Est. Value

Last Sold October 17, 2014

Last sale price $495,000 $378 Per Sq Ft

Est. 163% increase in value since last sale

Current estimated payment $7,531/month

27 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • 5-minute walk to Dry Tortugas National Park

About This Home

As of October 2014

This darling Key West Conch house is located in old town near the historic seaport area. There are two bedrooms, two baths plus a loft area which could be an office or den. The fenced backyard opens to Thompson Lane. Double porches on the rear of the house. Needs some work but should be well worth the effort!

Last Listed By

Laura McChesney

Preferred Properties (KW) License #494597 Listed on: 09/17/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,190

Year Built

  • Built in 1933

Lot Details

  • 1,499 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • 1,309 Sq Ft Home
  • Key West Architecture
  • Frame Construction

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,190

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
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4190.00
  • Year Built: 1933
  • Alternate Key Number: 1002666
  • Building Style: Conch
  • Lot Sq Ft: 1499.00
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1309.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Refrigerator
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 17, 2014
Closed on
Oct 17, 2014
Sold by
Bell James A and Bell Mary F
Bought by
Borucki Christopher and Darrow Borucki Elizabeth
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Gary Thomas
Dunaway McKenzie Realtors (KW)
List Price
$535,000
Sold Price
$495,000
Premium/Discount to List
-$40,000
-7.48%
Total Days on Market
27
Current Estimated Value
$1,301,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$806,000
Avg. Annual Appreciation
9.23%
Original Mortgage
$396,000
Interest Rate
4.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 8, 2014
Sold by
Bell James A and Bell Mary F
Bought by
James A & Mary Bell Revocable Trust

Purchase Details

Closed on
Nov 6, 1998
Sold by
Glenn Pamela J
Bought by
Bell James A and Bell Mary F

Purchase Details

Closed on
Sep 10, 1996
Sold by
Bert and Elwood Mary
Bought by
Glenn Pamela J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$174,000
Interest Rate
8.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1991
Bought by
Borucki Christopher

Purchase Details

Closed on
Aug 1, 1981
Bought by
Borucki Christopher

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
Borucki Christopher $495,000 Attorney
James A & Mary Bell Revocable Trust -- Attorney
Bell James A $230,000 --
Glenn Pamela J $217,500 --
Harper William M $100 --
Borucki Christopher $67,500 --
Borucki Christopher $37,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Borucki Christopher $365,000
Closed Borucki Christopher $396,000
Previous Owner Bell James A $85,402
Previous Owner Harper William M $190,000
Previous Owner Harper William M $174,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2014 10/17/14 Sold $495,000 -7.5% $378 / Sq Ft
10/14/2014 10/14/14 Pending -- -- --
09/17/2014 09/17/14 For Sale $535,000 -- $409 / 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 $3,819 $455,506 -- --
2023 $3,819 $442,239 $0 $0
2022 $3,652 $429,359 $0 $0
2021 $3,722 $416,854 $0 $0
2020 $3,659 $411,099 $0 $0
2019 $3,603 $401,857 $0 $0
2018 $3,597 $394,365 $0 $0
2017 $3,579 $386,254 $0 $0
2016 $3,685 $378,310 $0 $0
2015 $3,757 $375,680 $0 $0
2014 $4,446 $387,521 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 120360

Florida Keys Board of REALTORS®

APN: 00002570-000000