NOT LISTED FOR SALE

1111 Watson St Unit B Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,019,406 - $1,180,000

2 Beds
1 Bath
1,086 Sq Ft
$1,010/Sq Ft Est. Value

Last Sold April 27, 2022

Last sale price $900,000 $829 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $6,567/month

18 Days on Market

Highlights

  • Heated In Ground Pool
  • Cathedral Ceiling
  • Granite Countertops
  • Deck
  • Sun or Florida Room
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of April 2022

Private, stand-alone Cigar Maker's cottage features 2 bedrooms and 1 bath. Cathedral ceiling, granite kitchen counter tops with breakfast bar. Enclosed sun porch and private deck. This is 1 of 6 homes located in the HOA that features secure tropical grounds, brick paths and shared heated pool with hot tub. New refrigerator and propane stove in 2021. Washer and dryer replaced in 2020. This property is in an X zone. This is a successful VRBO rental and can rent monthly. Currently occupied.

Last Agent to Sell the Property

The Behmke Group

Keller Williams Key West Compass Realty License #BK3386409 Listed on: 03/03/2022

Keller Williams Key West Compass Realty

Last Buyer's Agent

Annica Pedersen

Seaport Realtors (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,242

Year Built

  • Built in 1978

Lot Details

  • 1,855 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Frame Construction

Interior Spaces

  • 1,086 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Ceiling Fan
  • Sun or Florida Room
  • Laminate Flooring

Kitchen

  • Range
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Heated In Ground Pool
  • Deck

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28

Community Details

Overview

  • Association fees include common area mnt
  • Gwynn Sub Subdivision
  • Rental Restrictions

Recreation

  • Community Pool

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,242

Year Built

Built in 1978

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Association Fee: 250.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt, Other
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4242.45
  • Title: Negotiable
  • Year Built: 1978
  • Alternate Key Number: 8639651
  • Building Style: Cigar Maker
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1855.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • License Info: Non Trans Rntl Lic
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1086.00
  • Pool Info Other: Community
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Granite Counter Top
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Washer, Refrigerator, Range
  • Floor: Laminate
  • Specialty Rooms: Sun/Florida Room
  • Appliances Other: propane range
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Combo Construction, Frame
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 3, 2022
Closed on
Apr 22, 2022
Sold by
James T & Debra A Novakoski Joint Trust
Bought by
Moll Helen E
Seller's Agent
The Behmke Group
Keller Williams Key West Compass Realty
Buyer's Agent
Annica Pedersen
Seaport Realtors (KW)
List Price
$949,000
Sold Price
$900,000
Premium/Discount to List
-$49,000
-5.16%
Current Estimated Value
$1,097,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$197,135
Avg. Annual Appreciation
5.58%
Original Mortgage
$720,000
Outstanding Balance
$672,123
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$425,012

Purchase Details

Closed on
Nov 23, 2021
Sold by
James Novakoski
Bought by
James T Novakoski And Debra A Novakoski Joint and Novakoski Debra A

Purchase Details

Closed on
Nov 13, 2018
Sold by
James Novakoski
Bought by
Baecker Ronald M

Purchase Details

Listed on
Apr 4, 2016
Closed on
Mar 15, 2017
Sold by
Ricks Keith O and Ricks Laura E
Bought by
Novakoski James
Seller's Agent
Andrea Weitz
Century 21 Schwartz Realty (KW)
Buyer's Agent
Richard Medlin
RE/MAX Keys Connection (KW)
List Price
$595,000
Sold Price
$520,000
Premium/Discount to List
-$75,000
-12.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.89%
Original Mortgage
$531,180
Interest Rate
4.19%
Mortgage Type
VA

Purchase Details

Closed on
Oct 1, 1992
Bought by
Ricks Keith O and Ricks Laura E

Purchase Details

Closed on
Sep 1, 1986
Bought by
Ricks Keith O and Ricks Laura E

Purchase Details

Closed on
Jan 1, 1983
Bought by
Ricks Keith O and Ricks Laura E
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Moll Helen E $900,000 Richard M Klitenick Pa
James T Novakoski And Debra A Novakoski Joint -- Buhl Little Lynwood & Harris P
Baecker Ronald M $100 None Listed On Document
Novakoski James $520,000 First Internaional Title Inc
Ricks Keith O $128,000 --
Ricks Keith O -- --
Ricks Keith O $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Moll Helen E $720,000
Previous Owner Novakoski James $531,180
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/27/2022 04/27/22 Sold $900,000 -5.2% $829 / Sq Ft
03/21/2022 03/21/22 Pending -- -- --
03/03/2022 03/03/22 For Sale $949,000 +82.5% $874 / Sq Ft
03/15/2017 03/15/17 Sold $520,000 -12.6% $480 / Sq Ft View Prior Sale
03/06/2017 03/06/17 Pending -- -- --
04/04/2016 04/04/16 For Sale $595,000 -- $549 / 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 $6,623 $942,153 $718,998 $223,155
2024 $5,612 $875,710 $658,451 $217,259
2023 $5,612 $615,390 $411,721 $203,669
2022 $5,543 $617,487 $411,721 $205,766
2021 $4,242 $435,621 $311,818 $123,803
2020 $4,242 $437,455 $310,304 $127,151
2019 $4,238 $433,342 $299,709 $133,633
2018 $4,456 $449,010 $310,304 $138,706
2017 $5,353 $558,135 $0 $0
2016 $5,320 $551,947 $0 $0
2015 -- $523,561 $0 $0
2014 -- $428,752 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • The Behmke Group

    Seller's Agent in 2022

    The Behmke Group

    Keller Williams Key West Compass Realty

    (305) 304-0998

    17 in this area

    161 Total Sales

    The Behmke Group
    Section Image

  • A

    Buyer's Agent in 2022

    Annica Pedersen

    Seaport Realtors (KW)

  • A

    Seller's Agent in 2017

    Andrea Weitz

    Century 21 Schwartz Realty (KW)

  • R

    Buyer's Agent in 2017

    Richard Medlin

    RE/MAX

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599937

Florida Keys Board of REALTORS®

APN: 00033540-000200

Florida Monroe County Key West 33040 Old Town

1111 Watson St Unit B, Key West, FL

Not Listed for Sale

Detached

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