NOT LISTED FOR SALE

1028 Virginia St Unit A, B & C Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,262,646 - $1,709,000

4 Beds
3 Baths
1,635 Sq Ft
$942/Sq Ft Est. Value

Last Sold July 31, 2018

Last sale price $800,000 $489 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $9,223/month

162 Days on Market

Highlights

  • Deck
  • No HOA
  • Tile Flooring
  • Key West Architecture
  • Patio
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of July 2018

Sweet multi-unit in the Historic District - three units: a one bedroom, a two bedroom and an efficiency with loft bedroom, each with private outdoor space. Great curbside charm and interiors that reflect Old Town sensibilities. Good income producers, or live in one and rent the others to help cover carrying costs. Great central Old Town location, just a block from the White Street Art District and five blocks from Duval. Note: A & B are each a little over 680 SF, C is 270 SF plus the sleeping loft which is not counted in the square footage.

Last Listed By

Dawn Thornburgh

Beach Club Brokers (KW) License #411773 Listed on: 02/19/2018

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,210

Year Built

  • Built in 1928

Lot Details

  • 4,272 Sq Ft Lot

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,635 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Oven
  • Range

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • Deck
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • 3 Units
  • Gwynn Sub Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00033530-000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,210

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • 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
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6209.60
  • Title: Negotiable
  • Year Built: 1928
  • Alternate Key Number: 1034321
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 4272.00
  • Porch Balcony: Deck, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1635.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Oven, Refrigerator, Range
  • Floor: Combo, Tile
  • Total Bedrooms: 4
  • Sq Ft Remarks: City refers to the three units as A, B and REAR

Exterior Features

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

Utilities

  • Utilities: Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00033530-000000
  • Lot Size: 48 x 89
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 19, 2018
Closed on
Aug 1, 2018
Sold by
Maurice Dela Valette and Maurice Lynn
Bought by
Mitlehner William A and Mitlehner Shea
Seller's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
Buyer's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$897,500
Sold Price
$800,000
Premium/Discount to List
-$97,500
-10.86%
Total Days on Market
162
Current Estimated Value
$1,539,912

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$739,912
Avg. Annual Appreciation
9.44%
Original Mortgage
$560,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
Feb 19, 2018
Closed on
Jul 30, 2018
Sold by
Maurice Dela Valette and Maurice Lynn
Bought by
Mitlehner William A and Mitlehner Shea
Seller's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
Buyer's Agent
Barbara Crespo
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$897,500
Sold Price
$800,000
Premium/Discount to List
-$97,500
-10.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$560,000
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jun 1, 1985
Bought by
Dela Valette Maurice and Dela Lynn

Purchase Details

Closed on
Sep 1, 1981
Bought by
Dela Valette Maurice and Dela Lynn

Purchase Details

Closed on
Dec 1, 1978
Bought by
Dela Valette Maurice and Dela Lynn

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

Similar Homes in Key West, FL

  • 806 Pearl St, Key West, FL 33040

    $1,199,000

    • 4 Beds
    • 3 Baths
    • 1,504 Sq Ft
    • 806 Pearl St
    • Key West, FL

    Unleash your vision and step into endless possibilities with this two-story duplex, a blank canvas located in the prestigious Meadows neighborhood of Key West. Packed with potential, this diamond in the rough is perfect for investors, developers, or dreamers looking to craft their masterpiece in one of Key West's most desirable areas. The property is a blank slate for your imagination to design

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 1210 Virginia St, Key West, FL 33040

    $1,149,000

    • 3 Beds
    • 3 Baths
    • 1,740 Sq Ft
    • 1210 Virginia St
    • Key West, FL

    Currently this is a two-story duplex in the popular Bayview Park neighborhood in Old Town. It could be converted back to the original single-family home. There are a total of three bedrooms and 2.5 baths. As currently configured, the first floor has 2 bedrooms,1.5 baths and features 9.5-foot ceilings, doors with transom windows, and hardwood floors. French doors open to the rear yard and porch.

    The Behmke Group Keller Williams Key West Compass Realty

    Section Image
  • 1122 Margaret St, Key West, FL 33040

    $1,499,000

    • 3 Beds
    • 2 Baths
    • 1,148 Sq Ft
    • 1122 Margaret St
    • Key West, FL

    Behind the quintessential white picket fence you will find this delightful historic cottage currently set up as a duplex with off street parking and pool. Lots of opportunity with the ability to generate income and have your own slice of Paradise to enjoy, or marry the spaces and convert to a single family dream home. Each unit enjoys privacy from the other including separate outdoor living

    Wendy Zintsmaster Truman & Co. (KW)

    Section Image
  • 1327 Duncan St, Key West, FL 33040

    $1,500,000

    • 4 Beds
    • 2 Baths
    • 2,019 Sq Ft
    • 1327 Duncan St
    • Key West, FL

    Are you ready to build??? after talking with City Planning the new owner will be able to possibly renovate the main house and build a second new house Buyer to verify...Make your offer today.Welcome to 1327 Duncan Street, this property offers a 3 bedroom 1 bath single-family home plus a separate 1 bedroom 1 bath cottage with fenced in yard, laundry area, central air condition. The main

    Barbara Crespo Keller Williams Key West Compass Realty

    Section Image
  • 1409 Truman Ave, Key West, FL 33040

    $1,450,000

    • 3 Beds
    • 4 Baths
    • 1,932 Sq Ft
    • 1409 Truman Ave
    • Key West, FL

    This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up to 4 units. Easily convert the home back to two studios with bath, 1 bedroom 1 bath and a 2 bedroom 1 bath. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home

    Michael Sorah Truman & Co. (KW)

    Section Image
  • 737 Olivia St, Key West, FL 33040

    $1,650,000

    • 3 Beds
    • 3 Baths
    • 1,860 Sq Ft
    • 737 Olivia St
    • Key West, FL

    Price Reduced, Owner's motivated! This triplex is situated in a prime area of Old Town, just three blocks away from Duval Street. It presents an attractive investment opportunity with its three separate units, offering potential for rental income, extended family stays, or versatile usage. Constructed from concrete blocks in 1979, this property's main unit is currently occupied by the owners,

    Tammy Stiles Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • 1209 Pearl St, Key West, FL 33040

    $1,295,000

    • 3 Beds
    • 2 Baths
    • 1,390 Sq Ft
    • 1209 Pearl St
    • Key West, FL

    Quaint Historic Duplex Located within Walking Distance of White St. Gallery District, Historic Old Town and Key West Beaches. Configured as a 2/1 on Ground Floor with separate living room and Kitchen. One Off Street Parking spot and room for a pool. Covered Outdoor living and spans the length of the property with lots of tropical foliage, brick walkways and plenty of room for a pool.Additional

    Suzanne Moore Suzanne Moore Real Estate

    Section Image
  • 1415 United St, Key West, FL 33040

    $1,675,000

    • 5 Beds
    • 3 Baths
    • 2,007 Sq Ft
    • 1415 United St
    • Key West, FL

    INVESTOR ALERT! Great opportunity to own a 3 unit building centrally located in Key West with off Street parking and plenty of room for a pool. The downstairs front unit is a 2BD/1BA, has an open floor plan with lots of windows allowing for plenty of natural light and a cute front porch. The upstairs unit is a 1BD/1BA and the rear third unit is another 2BD/1BA. The multi unit building sits on a

    Team Spottswood/Vazquez Truman & Co. (KW)

    Section Image
  • 1408 Johnson St Unit A & B, Key West, FL 33040

    $1,345,000

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 1408 Johnson St
    • Unit A & B
    • Key West, FL

    Legal Duplex in Prime Key West Location! This thoughtfully updated CBS duplex offers a unique opportunity for multi-family living, employee housing, or generating rental income. Unit A features 2 bedrooms, 1 bath and a private entrance leading to a lushly landscaped yard with an outdoor shower, a clawfoot tub, irrigation and a mature mango tree. Each bedroom has an option for a private

    Megan Mcdowell eXp Realty LLC

    Section Image
See All Homes in Key West

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
Mitlehner William A $800,000 First International Title
Mitlehner William A $800,000 First International Title
Dela Valette Maurice $130,000 --
Dela Valette Maurice $128,000 --
Dela Valette Maurice $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mitlehner William A $545,250
Closed Mitlehner William A $560,000
Closed Mitlehner William A $560,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/31/2018 07/31/18 Sold $800,000 -10.9% $489 / Sq Ft
07/31/2018 07/31/18 Pending -- -- --
02/19/2018 02/19/18 For Sale $897,500 -- $549 / 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 $8,229 $1,058,749 $692,733 $366,016
2023 $8,229 $863,569 $510,663 $352,906
2022 $7,512 $797,521 $440,436 $357,085
2021 $7,015 $654,487 $351,135 $303,352
2020 $7,082 $666,077 $365,874 $300,203
2019 $7,133 $666,779 $362,406 $304,373
2018 $5,645 $489,952 $325,783 $164,169
2017 $5,725 $489,980 $0 $0
2016 $6,210 $634,753 $0 $0
2015 $5,948 $587,699 $0 $0
2014 $5,225 $409,180 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Dawn Thornburgh

    Seller's Agent in 2018

    Dawn Thornburgh

    Beach Club Brokers (KW)

    (305) 304-1067

    8 in this area

    38 Total Sales

    Dawn Thornburgh
    Section Image

  • B

    Buyer's Agent in 2018

    Barbara Crespo

    Coldwell Banker Schmitt Real Estate Co. (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 578836

Florida Keys Board of REALTORS®

APN: 00033530-000000

Florida Monroe County Key West 33040 Old Town

1028 Virginia St Unit A, B & C, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1028 Virginia St Unit A, B & C, Key West, FL 33040 since 19 February 2018 and is currently estimated at $1,539,912, approximately $941 per square foot. This property was built in 1928. 1028 Virginia St Unit A, B & C 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