NOT LISTED FOR SALE

Estimated Value: $1,673,000 - $2,102,000

3 Beds
3.5 Baths
2,380 Sq Ft
$759/Sq Ft Est. Value

Last Sold September 29, 2014

Last sale price $732,000 $308 Per Sq Ft

Est. 147% increase in value since last sale

Current estimated payment $10,994/month

240 Days on Market

Highlights

  • Detached Guest House
  • Cathedral Ceiling
  • Granite Countertops
  • Spa
  • Wood Flooring
  • No HOA

About This Home

As of September 2014

Two units, two stories, and two separate driveways make this Old Town corner property too good to miss! Hardwood floors, French doors, skylights, and patio decks with a Jacuzzi complement the street appeal of the main 2/2 Angela side house; the legal 1/1.5 Frances unit can serve as guest quarters or an attractive rental. You will find the Key West Cemetery is a quiet X zone neighbor; this locale is in the heart of historic Old Town Key West and ensures an easy stroll to all downtown amenities, restaurants, and nightlife.

Last Listed By

Melva Borley

Sunshine State Realty Service License #0668411 Listed on: 01/29/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,983

Year Built

  • Built in 1933

Lot Details

  • 3,150 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,380 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Some Wood Windows
  • Window Treatments
  • French Doors
  • Storage

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Granite Countertops

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Pool

  • Spa
  • Above Ground Pool

Outdoor Features

  • Patio
  • Shed

Additional Homes

  • Detached Guest House

Utilities

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

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,983

Year Built

Built in 1933

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: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 4983.00
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1933
  • Alternate Key Number: 1022543
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 3150.00
  • Pool Info: Above Ground
  • Porch Balcony: Patio
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2380.00
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Window Treatments, Sky Light(s), Storage, Granite Counter Top
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Shed, Fencing, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2015
Sold by
Espinosa Maria
Bought by
Marag Investments Corp
Total Days on Market
240
Current Estimated Value
$1,805,591

Purchase Details

Listed on
Jan 29, 2014
Closed on
Sep 26, 2014
Sold by
Pennymac Holdings Llc
Bought by
Espinosa Maria
Seller's Agent
Melva Borley
Sunshine State Realty Service
Buyer's Agent
Rose Sanchez
Century 21 All Keys Inc (KW)
List Price
$849,900
Sold Price
$732,000
Premium/Discount to List
-$117,900
-13.87%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.84%

Purchase Details

Closed on
Jul 2, 2013
Sold by
Brandolino John M
Bought by
Pennymac Mortgage Investment Trust Holdi

Purchase Details

Closed on
May 17, 2013
Sold by
Brandolino John M
Bought by
Pennymac Mortgage Investment Trust Holdi

Purchase Details

Closed on
Apr 11, 2007
Sold by
Vance Karen L and Bernard Karen L
Bought by
Brandolino John M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 19, 1996
Sold by
Shaw Greene
Bought by
Bernard Henry M and Bernard Karen L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,500
Interest Rate
7.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 26, 1994
Sold by
Seebol Edward A
Bought by
Shaw Marguerite Greene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.1%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1972
Bought by
Marag Investments Corp

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
Marag Investments Corp -- None Available
Espinosa Maria $732,000 Liberty Title & Escrow Co
Pennymac Mortgage Investment Trust Holdi -- Attorney
Pennymac Mortgage Investment Trust Holdi -- None Available
Brandolino John M $950,000 Chicago Title Of The Fl Keys
Bernard Henry M $285,000 --
Shaw Marguerite Greene $205,000 --
Marag Investments Corp $10,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Brandolino John M $750,000
Previous Owner Brandolino John M $200,000
Previous Owner Bernard Karen L $600,000
Previous Owner Bernard Henry M $274,661
Previous Owner Bernard Henry M $199,500
Previous Owner Shaw Marguerite Greene $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/29/2014 09/29/14 Sold $732,000 -13.9% $308 / Sq Ft
09/26/2014 09/26/14 Pending -- -- --
01/29/2014 01/29/14 For Sale $849,900 -- $357 / 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 $10,641 $1,580,653 $956,852 $623,801
2023 $10,641 $1,567,475 $956,104 $611,371
2022 $8,348 $981,132 $637,403 $343,729
2021 $7,699 $781,463 $470,571 $310,892
2020 $7,471 $758,807 $458,601 $300,206
2019 $7,137 $714,690 $445,134 $269,556
2018 $7,831 $778,014 $501,244 $276,770
2017 $7,596 $792,198 $0 $0
2016 $7,066 $643,362 $0 $0
2015 $6,608 $578,245 $0 $0
2014 $5,445 $443,468 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 119279

Florida Keys Board of REALTORS®

APN: 00021780-000000