NOT LISTED FOR SALE

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

Old Town Neighborhood

Estimated Value: $1,292,773 - $1,768,000

4 Beds
3 Baths
1,635 Sq Ft
$924/Sq Ft Est. Value

Last Sold July 31, 2018

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

Est. 89% increase in value since last sale

Current estimated payment $8,665/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 Agent to Sell the Property

Dawn Thornburgh

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

Last Buyer's Agent

Barbara Crespo

Coldwell Banker Schmitt Real Estate Co. (KW)

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%
Current Estimated Value
$1,510,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$710,943
Avg. Annual Appreciation
8.91%
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
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
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

    6 in this area

    34 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

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 $1,510,943, approximately $924 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.

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