NOT LISTED FOR SALE

1114 Olivia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $913,000 - $1,170,000

2 Beds
1 Bath
915 Sq Ft
$1,090/Sq Ft Est. Value

Last Sold October 10, 2024

Last sale price $1,017,500 $1,112 Per Sq Ft

Est. 2% decrease in value since last sale

Current estimated payment $5,556/month

110 Days on Market

About This Home

As of October 2024

Nestled in the heart of Old Town Key West, this 2-Bedroom, 1-Bathroom residence is a timeless beauty, conveniently situated in the coveted X Flood Zone. With just under 1,000 sq. ft. of living space, this home offers the perfect blend of classic elegance and modern comfort. Its prime location places you within a leisurely stroll of Key West's finest dining establishments, art galleries, museums, and vibrant nightlife. Recently renovated and thoughtfully updated, this home now boasts all-new hurricane rated roof and impact resistance doors & windows, not only enhancing safety but also reducing insurance costs. A comprehensive electrical service upgrade, complete with new wiring, ensures modern convenience throughout. Newly installed hardwood flooring adds a touch of sophistication while simplifying maintenance. The exterior and interior have been tastefully repainted, and fresh siding has been added, giving the home a revitalized appearance. Upon entering, you'll be greeted by the timeless allure of floor-to-ceiling Dade County Pine Walls. The first floor features a renovated/updated bedroom and bathroom, as well as a cozy living room and kitchen that was recently updated as well. Ascend the stairs to discover a second bedroom with a spacious walk-in closet, offering potential for the addition of a second ensuite bathroom. Step outside to the charming covered and bricked patio, creating an inviting space for entertaining family and friends. This versatile area can also serve as coveted off-street parking for a small vehicle or be transformed into your own private dip pool or jacuzzi oasis. In addition there is an unfinished 30' X 14' attic space that could be finished for additional living space such as a loft. Don't miss this opportunity to own your own piece of paradise!

Last Agent to Sell the Property

John Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #3264225 Listed on: 05/06/2024

Co-Listed By

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #161619

Last Buyer's Agent

Paige Bethel

Island Home Realty Inc. License #3382346

Home Details

Home Type

Single Family

Year Built

1928

Lot Details

1,307 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • 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: 5013.44
  • Year Built: 1928
  • Alternate Key Number: 1022101
  • Building Style: Conch
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 1332.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 915.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-395-2360
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Dade County Pine
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Oven, Range, Refrigerator, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 2
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

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

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X FLOOD ZONE
  • Parcel Number: 00021360-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 6, 2024
Closed on
Oct 9, 2024
Sold by
Hanley Alan Philip and Congdon Richard Greig
Bought by
Kettle Dean and Kettle Traci
Seller's Agent
John Spottswood
Truman & Co. (KW)
Buyer's Agent
Paige Bethel
Island Home Realty Inc.
List Price
$1,195,000
Sold Price
$1,017,500
Premium/Discount to List
-$177,500
-14.85%
Views
21
Current Estimated Value
$997,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$20,471
Avg. Annual Appreciation
-1.42%
Original Mortgage
$763,125
Outstanding Balance
$753,593
Interest Rate
6.35%
Mortgage Type
New Conventional
Estimated Equity
$243,436

Purchase Details

Listed on
Jan 6, 2021
Closed on
Jul 16, 2021
Sold by
Russell Christie B
Bought by
Hanley Alan Philip and Congdon Richard Greig
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
John Spottswood
Truman & Co. (KW)
List Price
$649,000
Sold Price
$595,000
Premium/Discount to List
-$54,000
-8.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.01%
Original Mortgage
$476,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 1, 1995
Sold by
Brown Charity E
Bought by
Russell Christie B
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
Kettle Dean $1,017,500 None Listed On Document
Kettle Dean $1,017,500 None Listed On Document
Hanley Alan Philip $595,000 First International Ttl Inc
Hanley Alan Philip $595,000 None Listed On Document
Russell Christie B $115,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kettle Dean $763,125
Closed Kettle Dean $763,125
Previous Owner Hanley Alan Philip $476,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/10/2024 10/10/24 Sold $1,017,500 -14.9% $1,112 / Sq Ft
08/24/2024 08/24/24 Pending -- -- --
05/06/2024 05/06/24 For Sale $1,195,000 +100.8% $1,306 / Sq Ft
07/16/2021 07/16/21 Sold $595,000 -5.4% $650 / Sq Ft View Prior Sale
05/29/2021 05/29/21 Pending -- -- --
02/22/2021 02/22/21 Price Changed $629,000 -3.1% $687 / Sq Ft
01/06/2021 01/06/21 For Sale $649,000 -- $709 / Sq Ft
Source: Key West Association of REALTORS®

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 $5,103 $859,923 $622,417 $237,506
2024 $5,013 $607,798 -- --
2023 $5,013 $590,096 $0 $0
2022 $4,832 $572,909 $377,222 $195,687
2021 $3,758 $380,291 $247,159 $133,132
2020 $3,581 $361,684 $224,762 $136,922
2019 $3,335 $330,919 $212,188 $118,731
2018 $3,237 $313,677 $194,898 $118,779
2017 $3,304 $315,437 $0 $0
2016 $3,535 $321,877 $0 $0
2015 -- $322,968 $0 $0
2014 -- $303,712 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • John Spottswood

    Seller's Agent in 2024

    John Spottswood

    Truman & Co. (KW)

    (305) 432-4848

    89 in this area

    248 Total Sales

    John Spottswood
    Section Image
  • Terri Spottswood

    Seller Co-Listing Agent in 2024

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    101 in this area

    270 Total Sales

    Terri Spottswood
    Section Image
  • Paige Bethel

    Buyer's Agent in 2024

    Paige Bethel

    Island Home Realty Inc.

    (305) 395-0550

    27 in this area

    47 Total Sales

    Paige Bethel
    Section Image
  • Bascom Grooms

    Seller's Agent in 2021

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    67 in this area

    282 Total Sales

    Bascom Grooms
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 609877

Key West Association of REALTORS®

APN: 00021360-000000

Florida Monroe County Key West 33040 Old Town

1114 Olivia St, Key West, FL

Not Listed for Sale

Detached

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