$1,900,000
SOLD JUN 16, 2021
3 Beds
1.5 Baths
1,978 Sq Ft
7,783 Sq Ft Lot

Recently Sold

$961 Per Sq Ft

5% Below List Price

3 Days on Market

Highlights

  • 7,783 Sq Ft lot
  • Deck
  • Wood Flooring
  • Fruit Trees
  • Key West Architecture
  • 5-minute walk to Higgs Beach Dog Park

About This Home

As of August 2023

Beautiful Historic Property, with room to expand. Located at the corner of Petronia and Frances Streets. This legendary Old Town property is a Key West Icon. With 3 bedrooms and an adorable ''He Shed'' with wonderful history and comes with a rare vacant lot with ROGO attached for building another home, pool or garage with mother-in-law suite. House built in 1893 and family owned since! Too many fruit trees to name! You name it they've got it! So many possibilities with this gorgeous property! Truly one of a kind. Don't miss out on this fantastic opportunity to own and build on this wonderful, magical property! Can be shown on shorter notice.

Last Agent to Sell the Property

Brenda Donnelly

Brenda Donnelly Real Estate LLC License #3037635 Listed on: 05/21/2021

Last Buyer's Agent

Gary Thomas

Dunaway McKenzie Realtors (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $9,236

Year Built

  • Built in 1938

Lot Details

  • 7,783 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Sprinkler System
  • Fruit Trees
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,978 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Workshop
  • Fire and Smoke Detector

Kitchen

  • <<OvenToken>>
  • Range<<rangeHoodToken>>
  • <<microwave>>
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Guest Parking
  • Off-Street Parking

Accessible Home Design

  • Accessible Parking

Outdoor Features

  • Deck
  • Outdoor Kitchen
  • Shed

Utilities

  • Central Air
  • Cistern
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00022480-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$9,236

Year Built

Built in 1938

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
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 9235.74
  • Title: Negotiable
  • Vehicle Storage: Guest Parking, Off Street Parking
  • Vehicle Storage Cars: 3
  • Year Built: 1938
  • Alternate Key Number: 1023272
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 7783.00
  • Porch Balcony: Deck
  • License Info: Non Trans Rntl Lic
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1978.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Walk-in Closet(s), Smoke Alarms, Dade County Pine
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Washer, Range, Refrigerator, Oven, Microwave
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: Single Hung Windows
  • Total Bedrooms: 3
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed, Storage, Sprinkler System, Privacy Wall/Fence, Outdoor Kitchen, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Cable Available, FKAA, Municipal Sewer, Cistern

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00022480-000000
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 17, 2023
Closed on
Aug 16, 2023
Sold by
Lux Perpetua Llc
Bought by
Hoppa Scott J and Hoppa Karen I
Seller's Agent
Key West Luxury Finders
Preferred Properties (KW)
Buyer's Agent
Key West Luxury Finders
Preferred Properties (KW)
List Price
$3,195,000
Sold Price
$2,875,000
Premium/Discount to List
-$320,000
-10.02%
Views
185
Current Estimated Value
$2,755,068

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$119,932
Avg. Annual Appreciation
-4.02%
Original Mortgage
$2,000,000
Outstanding Balance
$1,954,904
Interest Rate
6.13%
Mortgage Type
New Conventional
Estimated Equity
$702,395

Purchase Details

Listed on
May 21, 2021
Closed on
Jun 16, 2021
Sold by
Simeon Carol Ann and Elizabeth Ann Gardner Living T
Bought by
Lux Propetua Llc
Seller's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
Buyer's Agent
Gary Thomas
Dunaway McKenzie Realtors (KW)
List Price
$2,000,000
Sold Price
$1,900,000
Premium/Discount to List
-$100,000
-5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
21.03%

Purchase Details

Closed on
Feb 22, 2005
Sold by
Gardner Elizabeth Ann
Bought by
Gardner Elizabeth Ann and Elizabeth Ann Gardner Living Trust

Purchase Details

Closed on
Jul 22, 1998
Sold by
Gardner Elizabeth Ann
Bought by
Gardner Elizabeth A
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $2,875,000 None Listed On Document
Warranty Deed $1,900,000 Attorney
Interfamily Deed Transfer -- --
Warranty Deed $100 --
Warranty Deed $100 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $600,000 New Conventional
Open $2,000,000 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/17/2023 08/17/23 Sold $2,875,000 -4.0% $1,606 / Sq Ft
05/22/2023 05/22/23 Price Changed $2,995,000 -3.2% $1,673 / Sq Ft
04/12/2023 04/12/23 Price Changed $3,095,000 -3.1% $1,729 / Sq Ft
03/17/2023 03/17/23 For Sale $3,195,000 +68.2% $1,785 / Sq Ft
06/16/2021 06/16/21 Sold $1,900,000 -5.0% $961 / Sq Ft
05/21/2021 05/21/21 For Sale $2,000,000 -- $1,011 / 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 $11,650 $1,777,262 $1,130,579 $646,683
2023 $11,650 $1,483,820 $1,087,095 $396,725
2022 $9,984 $1,155,603 $736,589 $419,014
2021 $9,936 $1,085,789 $758,419 $327,370
2020 $9,236 $1,041,518 $706,974 $334,544
2019 $8,344 $899,096 $675,111 $223,985
2018 $8,180 $862,268 $635,151 $227,117
2017 $8,320 $862,268 $0 $0
2016 $9,036 $888,011 $0 $0
2015 $2,922 $319,819 $0 $0
2014 $3,107 $317,281 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596189

Florida Keys Board of REALTORS®

APN: 00022480-000000