NOT LISTED FOR SALE

Estimated Value: $1,620,503

3 Beds
4 Baths
2,520 Sq Ft
$643/Sq Ft Est. Value

Last Sold November 25, 2022

Last sale price $1,590,000 $631 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $9,486/month

181 Days on Market

Highlights

  • Deck
  • Wood Flooring
  • Stainless Steel Appliances
  • Key West Architecture
  • No HOA
  • 1-minute walk to Higgs Beach Dog Park

About This Home

As of November 2022

Reduced Price - Quality Mixed Use, renovated, 3 unit building. Exterior recently painted, rear decking replaced - Center of the Island location along the White Street Commercial Corridor. >>>>> Street side commercial unit + REAR 2bd/2bth apt with double fixture tiled shower plus large 2nd floor 1bd/1bth apt, with 460 sq ft finished attic space for storage. Central a/c just replaced *** All 3 units separately metered.>>>Complete renovation throughout in 2005 - continuously rented since that time. Separate, private laundry rooms for each of the two apts. >>>Canopy covered 2nd floor porch off the one bdrm unit. Rear 1st floor 2bdrm/2bth apt has private deck lined by mature landscaping. Long established Hair Salon business occupies the street side commercial space..>>> Apts have polished oak floors, central A/C, ceiling fans, maple kitchen cabinets, granite counter tops, recessed ceiling lighting, top quality chrome bthrm fixtures & stainless steel appliances. >>> Turnkey income property - Commercial space fully ADA compliant with side door ramp.- - - -Rent SCHEDULE- - - - >>Rear 2bdrm / 2bthrm - 1,040 sqft- private large rear deck & laundry rm, central a/c - currently rented @ $3,000 per month. thru 9/2023..>>Upstairs 1bdrm / 1 bthrm - 732 sqft, rear porch + large finished attic access - central a/c. separate laundry room - rented @ $2,500/mo thru 10/2023>>Commercial Space - 660 sqft $2,600/mo.-thru 8/2023....FLOOR PLANS - go to Documents Tab.

Last Agent to Sell the Property

Raymond Capas

Berkshire Hathaway HomeServices Knight & Gardner Realty License #171355 Listed on: 04/09/2022

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Tammy Stiles

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3312592

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,203

Year Built

  • Built in 1933 | Remodeled

Lot Details

  • 3,873 Sq Ft Lot

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,520 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows
  • Sliding Doors
  • Storage
  • Laundry Room
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 4 Full Bathrooms

Accessible Home Design

  • Handicap Accessible
  • Accessible Ramps

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00032740-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,203

Year Built

Built in 1933 | Remodeled

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
  • Handicap Access: Yes
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 8202.91
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 1033502
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 3873.00
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 3
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2520.00
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarms, Window Treatments, Storage
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Oven, Stainless Steel Appliance(s), Refrigerator
  • Floor: Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Glass Doors
  • Total Bedrooms: 3
  • Accessibility Features: Wheelchair Ramp
  • Sq Ft Remarks: See Documents tab for the individual unit floor plans for layout & room sizes

Exterior Features

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

Utilities

  • Utilities: FKAA, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Parcel Number: 00032740-000000
  • Lot Size: 35' x 110'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2022
Closed on
Nov 22, 2022
Sold by
Favelli Thomas
Bought by
Chentnik Anthony Joseph
Seller's Agent
Raymond Capas
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Tammy Stiles
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,995,000
Sold Price
$1,590,000
Premium/Discount to List
-$405,000
-20.3%
Current Estimated Value
$1,620,503

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$30,503
Avg. Annual Appreciation
0.62%

Purchase Details

Closed on
Nov 8, 2004
Sold by
Lemelin Kathleen
Bought by
Favelli Thomas and Favelli Georgeann

Purchase Details

Closed on
Dec 9, 2003
Sold by
Gosselin Marguerite E
Bought by
Gosselin Kathleen A and Lemelin Kathleen A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
5.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 1, 1985
Bought by
Favelli Thomas and Favelli Georgeann
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Chentnik Anthony Joseph $1,590,000 --
Favelli Thomas $920,000 First American Title Ins Co
Gosselin Kathleen A -- Accu Title Agency
Favelli Thomas $75,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gosselin Kathleen A $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/25/2022 11/25/22 Sold $1,590,000 -11.7% $631 / Sq Ft
08/07/2022 08/07/22 Price Changed $1,800,000 -2.7% $714 / Sq Ft
07/22/2022 07/22/22 Price Changed $1,850,000 -1.0% $734 / Sq Ft
07/04/2022 07/04/22 Price Changed $1,869,000 -1.4% $742 / Sq Ft
06/09/2022 06/09/22 Price Changed $1,895,000 -5.0% $752 / Sq Ft
04/09/2022 04/09/22 For Sale $1,995,000 -- $792 / 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
2025 $11,657 $1,353,512 $849,641 $503,871
2024 $11,721 $1,284,572 $911,810 $372,762
2023 $11,721 $1,276,055 $911,810 $364,245
2022 $8,191 $870,311 $513,232 $357,079
2021 $8,203 $826,362 $472,174 $354,188
2020 $8,172 $826,428 $472,174 $354,254
2019 $8,372 $967,859 $595,349 $372,510
2018 $7,973 $926,516 $584,116 $342,400
2017 $6,733 $633,096 $0 $0
2016 $7,107 $637,087 $0 $0
2015 $7,050 $612,661 $0 $0
2014 $7,305 $612,357 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600497

Florida Keys Board of REALTORS®

APN: 00032740-000000