NOT LISTED FOR SALE

1114 Watson St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,408,000 - $1,680,000

3 Beds
2 Baths
1,616 Sq Ft
$964/Sq Ft Est. Value

Last Sold September 08, 2014

Last sale price $660,000 $408 Per Sq Ft

Est. 136% increase in value since last sale

Current estimated payment $8,727/month

392 Days on Market

Highlights

  • Detached Guest House
  • Cathedral Ceiling
  • Loft
  • Shotgun Architecture
  • Wood Flooring
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of September 2014

Taking backup offers until all contingencies are met. I dare everyone to find a property in old town in such great condition for less than $412 per sq. ft.!!! Add a fenced very private backyard with room for a pool! In an X500 flood zone (no Flood Ins needed), off street, covered parking, updated, freshly painted, work shop/storage space, income producing separate 1/1 +loft unit, wonderful outside entertaining areas. Truly an entertainers delight with open kitchen/living room area that opens to the covered deck and back yard with accessory unit that can be enclosed. Oh, and gas appliances, hardwood floors, central A/C. Move right in and enjoy the duplex that can be easily converted to a single family home! Priced to sell

Last Agent to Sell the Property

Elaine Chinnis

License #3072025 Listed on: 07/24/2013

Last Buyer's Agent

William Brown

Southernmost Realty (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,656

Year Built

  • Built in 1933

Lot Details

  • 2,987 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Shotgun Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,616 Sq Ft Home
  • Cathedral Ceiling
  • Jalousie or louvered window
  • Blinds
  • French Doors
  • Sliding Doors
  • Loft
  • Workshop
  • Storage
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Attached Garage
  • Carport
  • Off-Street Parking

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Additional Features

  • Outdoor Storage
  • Detached Guest House

Listing and Financial Details

  • Assessor Parcel Number 00031790-000000

Community Details

Overview

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,656

Year Built

Built in 1933

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
  • Document Count: 2
  • Financial Status Bank Owned: 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
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 3656.00
  • Title: Negotiable
  • Vehicle Storage: Attached, Off Street Parking, Carport
  • Year Built: 1933
  • Alternate Key Number: 1032573
  • Building Style: Shotgun
  • Cooling Heating: Central Air, Wall/Window Unit(s)
  • Lot Sq Ft: 2987.00
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1616.00
  • Pre Wired: Surround Sound
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Storage, Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Gas Appliances, Refrigerator, Range, Oven, Dryer, Disposal
  • Floor: Laminate, Wood, Tile
  • Specialty Rooms: Laundry Room, Utility Room, Workshop, Loft
  • Windows/Doors: French Doors, Jalousie Windows, Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Storage, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X500
  • Parcel Number: 00031790-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2013
Closed on
Sep 4, 2014
Sold by
1114 Watson Llc
Bought by
Ellis Christopher and Ellis Michelle
Seller's Agent
Elaine Chinnis
Buyer's Agent
William Brown
Southernmost Realty (KW)
List Price
$749,000
Sold Price
$660,000
Premium/Discount to List
-$89,000
-11.88%
Current Estimated Value
$1,558,315

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$898,315
Avg. Annual Appreciation
8.07%

Purchase Details

Listed on
Jun 21, 2012
Closed on
Jun 15, 2012
Sold by
Centennial Bank
Bought by
1114 Watson Llc
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Elaine Chinnis
List Price
$363,000
Sold Price
$363,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.90%

Purchase Details

Listed on
Jun 21, 2012
Closed on
Jun 14, 2012
Sold by
Federal Deposit Insurance Corporation
Bought by
Centennial Bank
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Elaine Chinnis
List Price
$363,000
Sold Price
$363,000

Purchase Details

Closed on
Feb 24, 2010
Sold by
Luna Thomas A
Bought by
Key West Bank Fsb

Purchase Details

Closed on
Jan 3, 2007
Sold by
Adkins Gary E
Bought by
Adkins Gary E and Luna Thomas A

Purchase Details

Closed on
Feb 9, 2006
Sold by
Everingham Robert and Everingham Constance A
Bought by
Everingham Robert and Everingham Constance A

Purchase Details

Closed on
Jan 21, 2006
Sold by
Fierst Robert and Simmons Douglas
Bought by
Everingham Robert and Everingham Constance A

Purchase Details

Closed on
Jan 4, 2000
Sold by
Findley James R and Alexander Sharon A
Bought by
Alexander Sharon A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$202,000
Interest Rate
7.68%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 17, 1995
Sold by
Soler Eloisa R and Soler Eloisa Rosa
Bought by
Adkins Gary E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$139,000
Interest Rate
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1974
Bought by
Ellis Christopher and Ellis Michelle
Source: Public Records

Range of Values:

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Average Value
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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
Ellis Christopher $660,000 Attorney
1114 Watson Llc $363,000 Attorney
Centennial Bank $363,000 None Available
Key West Bank Fsb $433,500 Attorney
Adkins Gary E -- None Available
Everingham Robert -- None Available
Everingham Robert -- None Available
Alexander Sharon A $60,000 --
Adkins Gary E $155,000 --
Ellis Christopher $12,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 1114 Watson Llc $735,000
Previous Owner Adkins Gary E $433,500
Previous Owner Alexander Sharon A $242,000
Previous Owner Alexander Sharon A $80,000
Previous Owner Alexander Sharon A $202,000
Previous Owner Adkins Gary E $139,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/08/2014 09/08/14 Sold $660,000 -11.9% $408 / Sq Ft
08/20/2014 08/20/14 Pending -- -- --
07/24/2013 07/24/13 For Sale $749,000 +106.3% $463 / Sq Ft
06/21/2012 06/21/12 Sold $363,000 0.0% $241 / Sq Ft
06/21/2012 06/21/12 Pending -- -- --
06/21/2012 06/21/12 For Sale $363,000 -- $241 / 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 $5,972 $663,254 -- --
2023 $5,972 $643,936 $0 $0
2022 $5,715 $625,181 $0 $0
2021 $5,815 $606,972 $0 $0
2020 $5,718 $598,592 $0 $0
2019 $5,637 $585,134 $0 $0
2018 $5,628 $574,224 $293,151 $281,073
2017 $5,747 $577,863 $0 $0
2016 $6,113 $586,265 $0 $0
2015 $6,433 $560,777 $0 $0
2014 $4,901 $407,776 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2014

    Elaine Chinnis

    (305) 304-3675

    6 in this area

    19 Total Sales

    Elaine Chinnis
    Section Image

  • W

    Buyer's Agent in 2014

    William Brown

    Southernmost Realty (KW)

  • B

    Buyer's Agent in 2014

    Bill Brown

    Keller Williams Key West Compass Realty

    (305) 240-1511

    Bill Brown
    Section Image
  • Bascom Grooms

    Seller's Agent in 2012

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    66 in this area

    318 Total Sales

    Bascom Grooms
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 118376

Florida Keys Board of REALTORS®

APN: 00031790-000000

Florida Monroe County Key West 33040 Old Town

1114 Watson St, Key West, FL

This home is located at 1114 Watson St, Key West, FL 33040 since 24 July 2013 and is currently estimated at $1,558,315, approximately $964 per square foot. This property was built in 1933. 1114 Watson 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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