NOT LISTED FOR SALE

1111 Watson St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,505,000 - $1,672,000

2 Beds
2.5 Baths
1,450 Sq Ft
$1,090/Sq Ft Est. Value

Sale Details

Date Sold: November 9, 2018

Last sale price $860,000 $593 Per Sq Ft

Est. 84% increase in value since last sale

Current estimated payment $9,736 / mo

104 Days on Market

Highlights

  • Concrete Pool
  • Key West Architecture
  • Wood Flooring
  • Deck
  • Cathedral Ceiling
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of November 2018

One of a kind historic 1880's cigar maker's cottage featuring a saw tooth design. Located within the X flood zone in a convenient Old Town neighborhood. The large rambling one level floor plan boasts vaulted cathedral ceilings and oversized windows that shed plenty of natural light into the home. There are 5 sets of rare, red cypress doors from the original Casa Marina Hotel and now are fitted with glass to let light into the kitchen and master bedroom. The large kitchen has been updated with white cabinets, stainless refrigerator and has a handy breakfast bar and office nook. Enjoy very private outdoor living in the vaulted 434 SF covered lanai complete with half bath, hot tub and laundry area. The current owner has done many updates to the property including structural, AC, roof and

Last Agent to Sell the Property

Janine Seibert

Seaport Realtors (KW) Listed on: 06/04/2018

Co-Listed By

Jon Seibert

Seaport Realtors (KW)

Last Buyer's Agent

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,324

Year Built

  • Built in 1889

Lot Details

  • 2,799 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

HOA Fees

  • $250 Monthly HOA Fees

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,450 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Blinds
  • Sliding Doors
  • Sun or Florida Room
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa
  • Pool Deck

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Lanai

Location

  • Ground Level

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00033540-000101

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,324

Year Built

Built in 1889

Lot Details

2,799 Sq Ft Lot

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 250.00
  • Mandatory HOA: Yes
  • Voluntary HOA: No
  • Fee Includes: Common Area Mnt, Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • 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: 6323.54
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1889
  • Alternate Key Number: 8639643
  • Building Style: Conch, Ground Level
  • Cooling Heating: Ceiling Fans(s), Ductless, Central Air
  • Lot Sq Ft: 2799.00
  • Pool Info: Concrete, In Ground, Decked
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: No
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1450.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Split Bedroom, Drapes/Blinds Incl, Cathedral Ceilings
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Range, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Oven, Dryer, Disposal
  • Floor: Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Sun/Florida Room
  • Windows/Doors: Glass Doors, Wood Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Privacy Wall/Fence, Lanai, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Cable Available, Water Separate Meter, Elect Separate Meter

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X500
  • Parcel Number: 00033540-000101
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 6.00

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
Jun 4, 2018
Closed on
Nov 9, 2018
Sold by
Bought by
Seller's Agent
Janine Seibert
Seaport Realtors (KW)
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$945,000
Sold Price
$860,000
Premium/Discount to List
-$85,000
-8.99%
Current Estimated Value
$1,580,889

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,889
Avg. Annual Appreciation
8.21%

Purchase Details

Closed on
May 8, 2013
Sold by
Bought by

Purchase Details

Closed on
Aug 2, 2009
Sold by
Bought by

Purchase Details

Closed on
Mar 28, 2001
Bought by

Purchase Details

Closed on
Jun 15, 2000
Bought by

Purchase Details

Closed on
Nov 13, 1998
Bought by

Purchase Details

Closed on
Jun 1, 1986
Bought by

Purchase Details

Closed on
Oct 1, 1978
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
-- Attorney
$860,000 Attorney
$530,000 First Intl Title Inc
$67,500 None Available
$365,000 --
$359,000 --
$285,000 --
$98,000 --
$47,000 --
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
Previous Owner $322,700
Previous Owner $199,300
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
11/09/2018 11/09/18 Sold $860,000 -9.0% $593 / Sq Ft
09/16/2018 09/16/18 Pending -- -- --
06/04/2018 06/04/18 For Sale $945,000 -- $652 / 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 $10,481 $1,455,828 $1,130,096 $325,732
2024 $8,032 $1,354,040 $1,034,930 $319,110
2023 $8,032 $949,531 $647,129 $302,402
2022 $7,506 $952,758 $647,129 $305,629
2021 $6,803 $728,072 $490,105 $237,967
2020 $6,782 $728,233 $487,726 $240,507
2019 $6,713 $714,119 $471,072 $243,047
2018 $6,790 $708,030 $487,726 $220,304
2017 $6,734 $701,097 $0 $0
2016 $6,631 $676,041 $0 $0
2015 $6,311 $638,572 $0 $0
2014 $5,726 $510,672 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2018

    Janine Seibert

    Seaport Realtors (KW)

  • J

    Seller Co-Listing Agent in 2018

    Jon Seibert

    Seaport Realtors (KW)

  • Vic Musmanno

    Buyer's Agent in 2018

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    12 in this area

    100 Total Sales

    Vic Musmanno
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580471

Florida Keys Board of REALTORS®

APN: 00033540-000101

Florida Monroe County Key West 33040 Old Town

1111 Watson St, 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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