NOT LISTED FOR SALE

1111 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,071,014 - $1,616,000

2 Beds
1 Bath
1,062 Sq Ft
$1,169/Sq Ft Est. Value

Last Sold May 02, 2016

Last sale price $734,000 $691 Per Sq Ft

Est. 69% increase in value since last sale

Current estimated payment $7,123/month

21 Days on Market

Highlights

  • Concrete Pool
  • Furnished
  • Complete Roll Down Shutters
  • Shotgun Architecture
  • No HOA
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of May 2016

Move right in, or enjoy earning rental income, monthly vacation rental with Historic Hideaways. Offered turnkey, furnished & equipped for immediate occupancy, bring your toothbrush! In classic shotgun style, the bedrooms and bathroom open from the hallway. The bath is traditional yet contemporary; the walk-in shower's glass, tile walls, and geometric columns echo the Saltillo adobe floor tiles. The kitchen is bright & crisp, with white cabinetry and stainless steel appliances, giving onto the deck and the rectangle heated pool with a dramatic blue-and-white tiled wall featuring decorative conch shells, each a back-fed water spout that adds soothing sounds to this oasis. And the added bonus is this home is in the X500 flood zone! Owner is a Florida licensed Real Estate agent.

Last Agent to Sell the Property

Jeffrey Dunaway

Key West Realty, LLC (KW) License #639590 Listed on: 03/31/2016

Last Buyer's Agent

Edward Salazar

At Home in Key West, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,818

Year Built

  • Built in 1938

Lot Details

  • 2,895 Sq Ft Lot
  • Fenced

Home Design

  • Shotgun Architecture
  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,062 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • Heated In Ground Pool

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,818

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
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Other See Remarks
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Selling Info: Congratulations to Ed & Bascom! Thanks for a smooth one!
  • Side: Median
  • State Province: FL
  • Taxes: 4818.00
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 1033669
  • Building Style: Conch, Shotgun
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 2895.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1062.00
  • Pool Info Other: Eq Incld;
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Dade County Pine, Drapes/Blinds Incl
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Microwave, Washer, Refrigerator, Range, Dryer, Disposal
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

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

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 31, 2016
Closed on
May 2, 2016
Sold by
Leal Richard
Bought by
3168634 Nova Scotia Ltd
Seller's Agent
Jeffrey Dunaway
Key West Realty, LLC (KW)
Buyer's Agent
Edward Salazar
At Home in Key West, Inc.
List Price
$749,999
Sold Price
$734,000
Premium/Discount to List
-$15,999
-2.13%
Current Estimated Value
$1,241,504

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$507,504
Avg. Annual Appreciation
5.60%

Purchase Details

Closed on
Feb 11, 2010
Sold by
Look Up Reach Out Enterprises Inc
Bought by
Wolf D and Wolf Rittenberg B

Purchase Details

Closed on
May 15, 2009
Sold by
Ray Jeremy D
Bought by
Leal Richard and Richard Leal Living Revocable Trust Agre

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$292,000
Interest Rate
4.89%
Mortgage Type
Unknown

Purchase Details

Closed on
Dec 15, 2003
Sold by
Stegmaier Arnulf A
Bought by
Ray Jeremy D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$368,000
Interest Rate
5.97%
Mortgage Type
Unknown

Purchase Details

Closed on
Feb 1, 1994
Bought by
3168634 Nova Scotia Ltd

Purchase Details

Closed on
Jun 1, 1993
Bought by
3168634 Nova Scotia Ltd

Purchase Details

Closed on
Nov 1, 1991
Bought by
3168634 Nova Scotia Ltd

Purchase Details

Closed on
May 1, 1989
Bought by
3168634 Nova Scotia Ltd

Purchase Details

Closed on
Sep 1, 1980
Bought by
3168634 Nova Scotia Ltd
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
3168634 Nova Scotia Ltd $734,000 None Available
Wolf D -- None Available
Leal Richard $365,000 First American Title
Ray Jeremy D $460,000 --
3168634 Nova Scotia Ltd $132,000 --
3168634 Nova Scotia Ltd $67,500 --
3168634 Nova Scotia Ltd $130,000 --
3168634 Nova Scotia Ltd $100,000 --
3168634 Nova Scotia Ltd $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Leal Richard $292,000
Previous Owner Ray Jeremy D $368,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/02/2016 05/02/16 Sold $734,000 -2.1% $691 / Sq Ft
04/21/2016 04/21/16 Pending -- -- --
03/31/2016 03/31/16 For Sale $749,999 -- $706 / 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 $7,181 $941,194 $707,596 $233,598
2024 $6,596 $938,507 $707,596 $230,911
2023 $6,596 $834,211 $615,491 $218,720
2022 $5,939 $750,941 $529,235 $221,706
2021 $5,345 $561,518 $394,733 $166,785
2020 $5,730 $607,723 $432,745 $174,978
2019 $5,739 $603,625 $423,973 $179,652
2018 $5,829 $601,421 $418,856 $182,565
2017 $5,970 $606,093 $0 $0
2016 $5,737 $613,517 $0 $0
2015 $5,361 $549,183 $0 $0
2014 $4,818 $423,294 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2016

    Jeffrey Dunaway

    Key West Realty, LLC (KW)

    (305) 294-3064

    14 in this area

    34 Total Sales

    Section Image

  • E

    Buyer's Agent in 2016

    Edward Salazar

    At Home in Key West, Inc.

  • Bascom Grooms

    Buyer Co-Listing Agent in 2016

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    67 in this area

    303 Total Sales

    Bascom Grooms
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 123116

Florida Keys Board of REALTORS®

APN: 00032900-000000

Florida Monroe County Key West 33040 Old Town

1111 Varela St, Key West, FL

Not Listed for Sale

Detached

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