NOT LISTED FOR SALE

1116 Truman Ave Key West, FL 33040

Old Town Neighborhood

2 Beds

1 Bath

775 Sq Ft

3,920 Sq Ft Lot

Last sale price $799,000 $1,031 Per Sq Ft

112 Days on Market

About This Home

As of August 2024

For the first time ever, step into the reimagined 1116 Truman Avenue condominiums! Located in the historic neighborhood of Old Town, this newly renovated building is well-sited in the X-Flood. Unit 1, located on the second floor of the front building, features 2 bedrooms and 1 bathroom, 775sf, with soaring vaulted ceilings, an open floor plan, kitchen, and its own private 2nd floor porch. With tropical vegetation around the perimeter for privacy, the property is a harmonious blend of style and comfort. A short bike ride from world famous Duval Street and walking or biking distance to the island's best restaurants, shopping, and galleries. Schedule your private showing today!**Seller financing available.**Unit 1 and Unit 2, during the renovations, was framed in advanced for the possibility to convert the two units into a single-family 4BD/3BA.

Last Agent to Sell the Property

Team Kaufelt

Truman & Co. (KW) License #00000 Listed on: 02/12/2024

Last Buyer's Agent

Elaine Coyle

Tropical Properties Real Estat (KW)

Property Details

Home Type

Condominium

Year Built

1928

Lot Details

3,920 Sq Ft Lot

Listing Details

Property Type: Residential
Style: Condo
As Is Right To Inspect: Yes
First Right of Refusal: No
Association Approval Required: No
Association Fee: 820.00
Mandatory HOA: Yes
Fee Includes: Sewer, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water
Financial Status Bank Owned: No
Financial Status Potential Short Sale: No
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: 30.00
M L S Identifier: 20060123165453488875000000
Neighborhood Feature: Tennis Courts, Bike Paths, Beach, Fire Hydrant
Off Shore Island: No
Pets: Pets Allowed
Property Group I D: 19990816212109142258000000
Sale Terms: Seller Finance
Side: Median
State Province: FL
Taxes: 4662.63
Title: Negotiable
Year Built: 1928
Alternate Key Number: 1033154
Building Style: Conch
Cooling Heating: Central Air, Ceiling Fans(s)
Pool Info: In Ground, Decked, Concrete, Salt Water
Porch Balcony: Open Porch/Balcony, Patio
Association Maintenance Fee Per: Monthly
Shutters: Panel
Species List: No
Tax Exemptions: None
Building Style Above Flood: Yes
Building Style Stories: 2 Stories
Estimated Living Sq Ft: 775.00
Pre Wired: Cable
Financial Status Auction: No
Financial Status Standard Sale: Yes
Property Condition: Updated/Remodeled
Sewer Hook Up: Yes
Statistical Purposes Only: No
Special Features: None
Property Sub Type: Condos
Stories: 2

Interior Features

Interior Amenities: Cathedral Ceilings, Quartz Countertops, Built-in Cabinets
Floor Number: 2.00
Total Bathrooms: 1.00
Full Bathrooms: 1
Appliances: Washer, Freezer, Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer
Floor: Combo
Specialty Rooms: Laundry Room
Windows/Doors: Other Windows/Doors, Impact Rstnce Window, Impact Rstnce Doors
Total Bedrooms: 2

Exterior Features

Dockage: None
Waterfront: None
Waterfront: No
Construction: Frame
Exterior Features: Fencing, Water Display, Privacy Wall/Fence, Lighting, Rain Gutters
Roof: Metal Roof
Waterview: No Waterview
Pool: Yes

Utilities

Security: Other
Utilities: Municipal Sewer, Elect Separate Meter, Cable Available, Buyer to Verify
Heating: Electric, Separate Meters

Lot Info

Deed Restrictions: No
Flood Zone: X
Parcel Number: 00032400-000000-1
Land Size: Less Than 1/4 Acre

Rental Info

Rentals Allowed: With Restrictions
Furnished: Negotiable

Tax Info

Tax Year: 2023

Multi Family

Total Units: 1.00

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Property History

Date	Event	Price	List to Sale	Price per Sq Ft	Prior Sale
08/27/2024 08/27/24	Sold	$799,000	-3.6%	$1,031 / Sq Ft
06/03/2024 06/03/24	Pending	--	--	--
05/20/2024 05/20/24	Price Changed	$829,000	-2.4%	$1,070 / Sq Ft
03/26/2024 03/26/24	Price Changed	$849,000	-3.0%	$1,095 / Sq Ft
02/24/2024 02/24/24	Price Changed	$875,000	-5.4%	$1,129 / Sq Ft
02/12/2024 02/12/24	For Sale	$925,000	+117.6%	$1,194 / Sq Ft
05/29/2019 05/29/19	Sold	$425,000	-14.8%	$199 / Sq Ft	View Prior Sale
04/08/2019 04/08/19	Pending	--	--	--
07/05/2018 07/05/18	For Sale	$499,000	+54.9%	$233 / Sq Ft
02/04/2016 02/04/16	Sold	$322,159	+1.3%	$150 / Sq Ft	View Prior Sale
11/29/2015 11/29/15	Pending	--	--	--
09/22/2015 09/22/15	For Sale	$318,000	--	$149 / 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
2023	$14,129	$1,666,887	$377,345	$1,289,542
2022	$4,767	$554,238	$338,678	$215,560
2021	$3,969	$306,725	$270,009	$36,716
2020	$4,062	$320,315	$281,342	$38,973
2019	$4,127	$325,820	$281,842	$43,978
2018	$4,134	$322,258	$248,008	$74,250
2017	$4,222	$326,091	$0	$0
2016	$5,544	$444,794	$0	$0
2015	$6,696	$621,841	$0	$0
2014	$6,817	$456,772	$0	$0

Source: Public Records

Agents Affiliated with this Home

Seller's Agent in 2024

Team Kaufelt

Truman & Co. (KW)

(305) 393-1267

80 in this area

167 Total Sales

Team Kaufelt
E

Buyer's Agent in 2024

Elaine Coyle

Tropical Properties Real Estat (KW)
D

Seller's Agent in 2019

Deborah Batty

Location 3 Real Estate of KW Inc (KW)

(305) 509-1958

1 in this area

22 Total Sales

Deborah Batty
S

Seller's Agent in 2016

Stephen Sibiga

MMLS Assoc.-Inactive Member

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 608685

APN: 00032400000000056825

Florida Monroe County Key West 33040 Old Town

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