NOT LISTED FOR SALE

1108 Olivia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $929,920 - $1,323,000

3 Beds
2 Baths
880 Sq Ft
$1,339/Sq Ft Est. Value

Last Sold June 25, 2018

Last sale price $585,000 $665 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $7,158/month

135 Days on Market

Highlights

  • Deck
  • Ceiling Fan
  • 3-minute walk to Higgs Beach Dog Park
  • No HOA

About This Home

As of June 2018

Income opportunity in Old Town. Legal duplex with a two bedroom one bath unit downstairs and a one bedroom one bath unit up. Both units feature central air, washer and dryer closets, with updated kitchens and baths. The downstairs unit has a cute front porch and semi-private rear courtyard. The upstairs unit has a private covered porch and attic storage. Located in the X Flood Zone, and due to new construction and storm shutters, the operating costs are low. Please contact listing agent for rental information.

Last Agent to Sell the Property

Everett Watkins

Keller Williams Key West Compass Realty License #513929 Listed on: 01/17/2018

Keller Williams Key West Compass Realty

Last Buyer's Agent

Mitzi Krabill

Truman & Co. (KW) License #402460

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,882

Year Built

  • Built in 1928

Lot Details

  • 1,159

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 880 Sq Ft Home
  • Ceiling Fan
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Deck
  • 1,159 Sq Ft Lot

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00021330-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,882

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • 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
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3881.88
  • Year Built: 1928
  • Alternate Key Number: 1022071
  • Cooling Heating: Ceiling Fans(s)
  • Lot Sq Ft: 1159.00
  • Porch Balcony: Deck
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: Homestead, None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 880.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Refrigerator, Microwave
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Security: No Security
  • Utilities: Cable Available, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00021330-000000
  • Lot Size: 0.03
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 17, 2018
Closed on
Jun 27, 2018
Sold by
Frank Gassman
Bought by
Harris Claude F and Almonte Paul A
Seller's Agent
Everett Watkins
Keller Williams Key West Compass Realty
Buyer's Agent
Mitzi Krabill
Truman & Co. (KW)
List Price
$699,000
Sold Price
$585,000
Premium/Discount to List
-$114,000
-16.31%
Total Days on Market
135
Current Estimated Value
$1,178,480

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$593,480
Avg. Annual Appreciation
10.41%
Original Mortgage
$400,000
Outstanding Balance
$350,979
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$813,675

Purchase Details

Listed on
Jan 17, 2018
Closed on
Jun 25, 2018
Sold by
Frank Gassman
Bought by
Harris Claude F and Almonte Paul A
Seller's Agent
Everett Watkins
Keller Williams Key West Compass Realty
Buyer's Agent
Mitzi Krabill
Truman & Co. (KW)
List Price
$699,000
Sold Price
$585,000
Premium/Discount to List
-$114,000
-16.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$350,979
Interest Rate
4.6%
Mortgage Type
New Conventional
Estimated Equity
$813,675

Purchase Details

Closed on
Nov 9, 2007
Sold by
Shmauz Donald
Bought by
Shmauz Donald and Gassman Frank

Purchase Details

Closed on
Mar 3, 2003
Sold by
Faust Leslie L and Phillips Sherry L
Bought by
Shmauz Donald

Purchase Details

Closed on
May 8, 2001
Sold by
Edward J Lillis I
Bought by
Faust Leslie L and Faust Sherry L

Purchase Details

Closed on
Sep 20, 1994
Sold by
Salzer Rolf W
Bought by
Lillis Edward J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$95,000
Interest Rate
8.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 1, 1982
Bought by
Gassman Frank
Source: Public Records

Range of Values:

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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
Harris Claude F $585,000 None Listed On Document
Harris Claude F $585,000 None Listed On Document
Shmauz Donald -- None Available
Shmauz Donald $475,000 Chicago Title Of The Florida
Faust Leslie L $180,000 --
Lillis Edward J $100,000 --
Gassman Frank $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Harris Claude F $400,000
Closed Harris Claude F $400,000
Previous Owner Lillis Edward J $95,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/25/2018 06/25/18 Sold $585,000 -16.3% $665 / Sq Ft
06/01/2018 06/01/18 Pending -- -- --
01/17/2018 01/17/18 For Sale $699,000 -- $794 / 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 $6,517 $767,336 $456,219 $311,117
2023 $6,517 $765,743 $455,863 $309,880
2022 $5,694 $620,682 $303,908 $316,774
2021 $5,312 $508,886 $224,364 $284,522
2020 $5,146 $492,594 $218,657 $273,937
2019 $5,148 $489,103 $212,237 $276,866
2018 $4,244 $401,195 $238,989 $162,206
2017 $4,123 $405,466 $0 $0
2016 $3,882 $337,400 $0 $0
2015 $3,708 $308,291 $0 $0
2014 $3,451 $252,863 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Everett Watkins

    Seller's Agent in 2018

    Everett Watkins

    Keller Williams Key West Compass Realty

    (305) 304-4269

    17 in this area

    42 Total Sales

    Everett Watkins
    Section Image
  • Mitzi Krabill

    Buyer's Agent in 2018

    Mitzi Krabill

    Truman & Co. (KW)

    (305) 304-2629

    10 in this area

    22 Total Sales

    Mitzi Krabill
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 578277

Florida Keys Board of REALTORS®

APN: 00021330-000000

Florida Monroe County Key West 33040 Old Town

1108 Olivia St, Key West, FL

This home is located at 1108 Olivia St, Key West, FL 33040 since 17 January 2018 and is currently estimated at $1,178,480, approximately $1,339 per square foot. This property was built in 1928. 1108 Olivia St 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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