NOT LISTED FOR SALE

1112 Virginia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,518,724 - $2,012,000

3 Beds
2 Baths
1,892 Sq Ft
$922/Sq Ft Est. Value

Last Sold August 01, 2014

Last sale price $626,000 $331 Per Sq Ft

Est. 179% increase in value since last sale

Current estimated payment $10,094/month

141 Days on Market

Highlights

  • Key West Architecture
  • Wood Flooring
  • No HOA
  • Cathedral Ceiling
  • Loft
  • 1-minute walk to Higgs Beach Dog Park

About This Home

As of August 2014

Recently renovated duplex on a large corner lot in Old Town. Two legal units with new kitchens and baths-both with stainless steel appliances, new cabinets and granite countertops. The downstairs is a 2BR/1BA and the upstairs unit is a huge 1BR/1.5BA, with cathedral ceilings and a third floor loft area with two separate spaces. Great income potential or conversion to a single family or condos. Each unit has original Dade pine, high ceilings, its own washer and dryer and private porches. Off street parking, large yard with working well, outdoor shower and room for a pool (permit and plans in place).

Last Agent to Sell the Property

Michael Spirnak

Richard Padron And Associates (KW) Listed on: 03/10/2014

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,889

Year Built

  • Built in 1943

Lot Details

  • 3,587 Sq Ft Lot

Home Design

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

Interior Spaces

  • 1,892 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Jalousie or louvered window
  • Entrance Foyer
  • Loft
  • Storage

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Propane

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,889

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • 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
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4889.00
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1943
  • Alternate Key Number: 1033472
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 3587.00
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1892.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Storage, Other, Dade County Pine, Entrance Foyer
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Microwave, Gas Appliances, Dryer
  • Floor: Laminate, Wood, Tile
  • Specialty Rooms: Laundry Room, Loft
  • Windows/Doors: Jalousie Windows, Wood Windows, Sash/Screen Window
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 10, 2014
Closed on
Jul 30, 2014
Sold by
Mcgowan Patrick and Mcgowan Lisa
Bought by
Grundhoefer Raymond William and Grundhoefer Leeann
Seller's Agent
Michael Spirnak
Richard Padron And Associates (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$675,000
Sold Price
$626,000
Premium/Discount to List
-$49,000
-7.26%
Current Estimated Value
$1,744,431

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,118,431
Avg. Annual Appreciation
9.67%
Original Mortgage
$500,800
Interest Rate
4.24%
Mortgage Type
Commercial

Purchase Details

Listed on
Mar 27, 2013
Closed on
May 28, 2013
Sold by
Brick Ilene
Bought by
Mcgowan Patrick and Mcgowan Lisa
Seller's Agent
LAURA VAN RENSBURG
Watson Luxury Properties
Buyer's Agent
Michael Spirnak
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$425,000
Sold Price
$410,000
Premium/Discount to List
-$15,000
-3.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.58%
Original Mortgage
$195,000
Interest Rate
2.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 25, 2012
Sold by
Skoller Philip J
Bought by
Brick Ilene and The Philip J Skoller Trust

Purchase Details

Closed on
Feb 1, 1974
Bought by
Grundhoefer Raymond William and Grundhoefer Leeann Marie
Source: Public Records

Range of Values:

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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

Date Buyer Sale Price Title Company
Grundhoefer Raymond William $626,000 Attorney
Mcgowan Patrick $410,000 Attorney
Brick Ilene -- Attorney
Grundhoefer Raymond William $23,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grundhoefer Raymond William $200,000
Open Grundhoefer Raymond $513,000
Closed Grundhoefer Raymond William $500,800
Previous Owner Mcgowan Patrick $195,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/01/2014 08/01/14 Sold $626,000 -7.3% $331 / Sq Ft
07/29/2014 07/29/14 Pending -- -- --
03/10/2014 03/10/14 For Sale $675,000 +64.6% $357 / Sq Ft
05/30/2013 05/30/13 Sold $410,000 -3.5% $217 / Sq Ft
04/06/2013 04/06/13 Pending -- -- --
03/27/2013 03/27/13 For Sale $425,000 -- $225 / 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
2024 $7,939 $1,057,661 $652,018 $405,643
2023 $7,939 $881,416 $480,649 $400,767
2022 $7,241 $820,100 $414,550 $405,550
2021 $6,791 $685,451 $330,497 $354,954
2020 $6,189 $612,074 $344,370 $267,704
2019 $5,850 $568,714 $344,854 $223,860
2018 $5,573 $527,428 $303,568 $223,860
2017 $5,692 $531,081 $0 $0
2016 $7,061 $645,638 $0 $0
2015 $6,655 $583,042 $0 $0
2014 $5,404 $439,450 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2014

    Michael Spirnak

    Richard Padron And Associates (KW)

  • T

    Buyer's Agent in 2014

    Tracey Gardiner

    Ocean Sotheby's International Realty

  • L

    Seller's Agent in 2013

    LAURA VAN RENSBURG

    Watson Luxury Properties

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 119474

Florida Keys Board of REALTORS®

APN: 00032710-000000

Florida Monroe County Key West 33040 Old Town

1112 Virginia St, Key West, FL

This home is located at 1112 Virginia St, Key West, FL 33040 since 10 March 2014 and is currently estimated at $1,744,431, approximately $922 per square foot. This property was built in 1943. 1112 Virginia St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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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