NOT LISTED FOR SALE

1110 16th Terrace Key West, FL 33040

New Town Neighborhood

Estimated Value: $1,044,703

3 Beds
2.5 Baths
1,914 Sq Ft
$546/Sq Ft Est. Value

Sale Details

Date Sold: July 15, 2021

Last sale price $850,000 $444 Per Sq Ft

Est. 23% increase in value since last sale

Current estimated payment $6,587 / mo

8 Days on Market

Highlights

  • Detached Guest House
  • Granite Countertops
  • Impact Glass
  • In Ground Pool
  • No HOA
  • Tile Flooring

About This Home

As of July 2021

New town gem located in a highly sought upon family friendly neighborhood. This home has been immaculately maintained with recent upgrades. All impact windows, doors, and a metal roof. Featuring an in ground fiber glass pool, tiki and a detached guest quarters. The main house has three bedrooms with one full bath and one half bath. The detached guest quarters has one bedroom and one full bath. Tennant occupied until October 15th 2021. Lease conveys with the sale. Lease amount $4,400 per month. Photos were taken while the home was owner occupied.

Last Agent to Sell the Property

Justyn Ewald

Buy The Keys (KW) Listed on: 05/21/2021

Last Buyer's Agent

Caroline Bauer

Ocean Sotheby's International Realty

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 Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,745

Year Built

  • Built in 1963

Lot Details

  • 5,700 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned MDR-1 - Medium Desnity Residential

Parking

  • Off-Street Parking

Home Design

  • Metal Roof

Interior Spaces

  • 1,914 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring
  • Impact Glass

Kitchen

  • Oven
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • In Ground Pool
  • Fiberglass Pool

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Heat Pump System
  • Public Hookup Available For Sewer

Additional Features

  • Tiki or Chickee Hut
  • Detached Guest House

Community Details

  • No Home Owners Association
  • Pearlman Heights Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00057300-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,745

Year Built

Built in 1963

Lot Details

5,700 Sq Ft Lot

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
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 4.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 1745.18
  • Vehicle Storage: Off Street Parking
  • Year Built: 1963
  • Alternate Key Number: 1057789
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Ductless, Central Air
  • Lot Sq Ft: 5700.00
  • Pool Info: Fiberglass, In Ground
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1914.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Granite Counter Top
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Refrigerator, Washer, Oven, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Windows/Doors: Impact Rstnce Doors, Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Combo Construction
  • Exterior Features: Chickee Hut, Privacy Wall/Fence, Fencing, Detached Guest Qtrs
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00057300-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
May 21, 2021
Closed on
Jul 15, 2021
Sold by
Martinez Michael David and Martinez Mary L
Bought by
Seller's Agent
Justyn Ewald
Buy The Keys (KW)
Buyer's Agent
Caroline Bauer
Ocean Sotheby's International Realty
List Price
$875,000
Sold Price
$850,000
Premium/Discount to List
-$25,000
-2.86%
Current Estimated Value
$1,044,703

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$194,703
Avg. Annual Appreciation
4.06%
Original Mortgage
$608,000
Outstanding Balance
$538,333
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$506,370

Purchase Details

Closed on
May 10, 2007
Sold by
Hood John Andrew and Montgomery Teresa Monica
Bought by
Martinez Michael David and Martinez Mary L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$360,000
Interest Rate
6.11%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Agents Specializing in New Town, FL

  • Matthew Sheehan Real Estate Agent - Ocean Sotheby's International Realty

    Matthew Sheehan

    Ocean Sotheby's International Realty

    (877) 719-4071

    80 Total Sales

    15 in New Town

    $520K - $1.2M Price Range

    Matthew Sheehan
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  • Robin Mitchell Real Estate Agent - Keller Williams Key West Compass Realty

    Robin Mitchell

    Keller Williams Key West Compass Realty

    (877) 743-1378

    50 Total Sales

    2 in New Town

    $425,000 Price Range

    Robin Mitchell
     Section Image
  • Bernice Schafer Real Estate Agent - Vested Palm Real Estate and Home Services

    Bernice Schafer

    Vested Palm Real Estate and Home Services

    (888) 614-9574

    59 Total Sales

    26 in New Town

    $8K - $1.2M Price Range

    Bernice Schafer
     Section Image
  • Lindsay Ryan Real Estate Agent - EXP Realty LLC

    Lindsay Ryan

    EXP Realty LLC

    (786) 751-4493

    59 Total Sales

    3 in New Town

    $590K - $1.4M Price Range

    Lindsay Ryan
     Section Image
  • Austin Kimbler Real Estate Agent - Expert Realty LLC (HQ)

    Austin Kimbler

    Expert Realty LLC (HQ)

    (786) 901-8149

    48 Total Sales

    7 in New Town

    $595K - $1.6M Price Range

    Austin Kimbler
     Section Image
  • Emily Lombard Real Estate Agent - Ocean Sotheby's International Realty

    Emily Lombard

    Ocean Sotheby's International Realty

    (833) 447-1049

    39 Total Sales

    3 in New Town

    $549K - $620K Price Range

    Emily Lombard
     Section Image
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$850,000 None Listed On Document
Martinez Michael David $450,000 Chicago Title Of The Fl Keys
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $608,000
Previous Owner Martinez Michael David $99,000
Previous Owner Martinez Michael David $424,000
Previous Owner Martinez Michael David $174,000
Previous Owner Martinez Michael David $427,000
Previous Owner Martinez Michael David $363,900
Previous Owner Martinez Michael David $360,000
Previous Owner Martinez Michael D $67,500
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
07/15/2021 07/15/21 Sold $850,000 -2.9% $444 / Sq Ft
05/29/2021 05/29/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $875,000 -- $457 / Sq Ft
Source: Florida Keys Board of REALTORS®

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $7,733 $840,079 $474,953 $365,126
2024 $7,490 $880,947 $523,887 $357,060
2023 $7,490 $863,565 $523,887 $339,678
2022 $6,654 $752,189 $408,747 $343,442
2021 $5,562 $586,286 $279,215 $307,071
2020 $1,745 $191,951 $0 $0
2019 $1,715 $187,636 $0 $0
2018 $1,703 $184,138 $0 $0
2017 $1,690 $180,351 $0 $0
2016 $1,725 $176,642 $0 $0
2015 $1,760 $175,414 $0 $0
2014 $1,798 $174,022 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • JE

    Seller's Agent in 2021

    Justyn Ewald

    Buy The Keys (KW)

  • CB

    Buyer's Agent in 2021

    Caroline Bauer

    Ocean Sotheby's International Realty

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596173

Florida Keys Board of REALTORS®

APN: 00057300-000000

Florida Monroe County Key West 33040 New Town

1110 16th Terrace, Key West, FL

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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