1116 Varela St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $1,603,000 - $2,473,000
3
Beds
3
Baths
1,438
Sq Ft
$1,381/Sq Ft
Est. Value
About This Home
As of April 2023Stunning Old Town home with guest cottage, large pool and two off street parking spots. Completely redone from top to bottom in 2017, this gorgeous home has soaring vaulted ceilings, chef style kitchen with pass through to BBQ and outdoor dining. Impact windows and doors throughout this X flood zone home keep your insurances low with minimum maintenance and central a/c in main home and ductless in the cottage both with remote a/c system controls. Cottage has loft sleeping space as well as a custom murphy bed for additional guests. Every detail has been addressed in this beautiful turnkey home.
Home Details
Home Type
Single Family
Est. Annual Taxes
$9,380
Year Built
1943
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Single Family
- First Right of Refusal: No
- Mandatory HOA: No
- Fee Includes: None
- Key Island: Key West
- K W Neighborhood: Old Town-S of Truman
- Limited Representation: No
- Marathon Neighborhood: N/A
- Mile Marker: 1.00
- M L S Identifier: 20060123165453488875000000
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Conventional
- Side: Median
- State Province: FL
- Taxes: 7607.81
- Vehicle Storage: Off Street Parking
- Vehicle Storage Cars: 2
- Year Built: 1943
- Alternate Key Number: 1033707
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 3807.00
- Pool Info: In Ground
- Pool Info Heated: Yes
- Porch Balcony: Open Porch/Balcony, Deck, Patio
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 1438.00
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Drapes/Blinds Incl, Quartz Countertops, Storage, Smoke Alarms, Sky Light(s), Cathedral Ceilings
- Total Bathrooms: 3.00
- Full Bathrooms: 3
- Appliances: Washer, Stainless Steel Appliance(s), Ice Machine, Gas Appliances, Freezer, Disposal, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
- Floor: Wood
- Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 3
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Exterior Features: Lighting, Storage, Sprinkler System, Shed
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: Yes
Utilities
- Utilities: FKAA, Municipal Sewer
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: X Zone
- Parcel Number: 00032940-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.09
Rental Info
- Rentals Allowed: Yes
- Furnished: Furnished
Tax Info
- Tax Year: 2022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 15, 2023
Closed on
Apr 12, 2023
Sold by
Harman K Shawn K and Harman Donna L
Bought by
Wade Vanhouse and Wade Michelle Trombetta
Seller's Agent
Jennifer Newman
Truman & Co. (KW)
Buyer's Agent
Bobby Krug
Ocean Sotheby's International Realty
List Price
$2,195,000
Sold Price
$2,060,000
Premium/Discount to List
-$135,000
-6.15%
Total Days on Market
3
Views
58
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$74,171
Avg. Annual Appreciation
-2.91%
Original Mortgage
$1,545,000
Outstanding Balance
$1,513,059
Interest Rate
6.6%
Mortgage Type
New Conventional
Estimated Equity
$424,582
Purchase Details
Listed on
Sep 15, 2015
Closed on
Jun 8, 2016
Sold by
Renwick Tobin
Bought by
Harman K Shawn and Harman Donna L
Seller's Agent
Roger Gillis
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Jennifer Newman
Doug Mayberry Real Estate (KW)
List Price
$575,000
Sold Price
$475,000
Premium/Discount to List
-$100,000
-17.39%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.88%
Purchase Details
Listed on
Sep 15, 2015
Closed on
Jun 7, 2016
Sold by
Lowe Maynard V and Lowe Marcie
Bought by
Harman K Shawn and Harman Donna L
Seller's Agent
Roger Gillis
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Jennifer Newman
Doug Mayberry Real Estate (KW)
List Price
$575,000
Sold Price
$475,000
Premium/Discount to List
-$100,000
-17.39%
Purchase Details
Closed on
Jan 6, 1997
Sold by
Lowe Maynard V and Lowe Agnes P
Bought by
Lowe Maynard V and Lowe Maynard V
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Similar Homes in Key West, FL
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wade Vanhouse | $2,060,000 | None Listed On Document | |
| Harman K Shawn | -- | None Available | |
| Harman K Shawn | $475,000 | None Available | |
| Lowe Maynard V | $100 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wade Vanhouse | $1,545,000 | |
| Previous Owner | Harman K Shawn K | $510,400 | |
| Previous Owner | Harman K S K | $529,000 | |
| Previous Owner | Harman Harman K | $529,000 | |
| Previous Owner | Lowe Marcie | $100,000 | |
| Previous Owner | Lowe Maynard | $275,000 | |
| Previous Owner | Lowe Maynard V | $175,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/14/2023 04/14/23 | Sold | $2,060,000 | -1.9% | $1,433 / Sq Ft |
| 02/21/2023 02/21/23 | Price Changed | $2,099,000 | -4.4% | $1,460 / Sq Ft |
| 02/15/2023 02/15/23 | For Sale | $2,195,000 | +362.1% | $1,526 / Sq Ft |
| 06/08/2016 06/08/16 | Sold | $475,000 | -17.4% | $610 / Sq Ft |
| 06/07/2016 06/07/16 | Pending | -- | -- | -- |
| 09/15/2015 09/15/15 | For Sale | $575,000 | -- | $738 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $9,380 | $1,593,474 | $810,824 | $782,650 |
| 2023 | $9,380 | $1,367,194 | $705,283 | $661,911 |
| 2022 | $7,608 | $945,930 | $606,443 | $339,487 |
| 2021 | $6,987 | $749,019 | $452,319 | $296,700 |
| 2020 | $7,375 | $796,154 | $495,876 | $300,278 |
| 2019 | $7,428 | $795,203 | $491,345 | $303,858 |
| 2018 | $7,480 | $784,622 | $479,961 | $304,661 |
| 2017 | $5,051 | $505,951 | $0 | $0 |
| 2016 | $5,047 | $541,593 | $0 | $0 |
| 2015 | $4,786 | $503,163 | $0 | $0 |
| 2014 | $4,212 | $365,021 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jennifer Newman
Seller's Agent in 2023
Jennifer Newman
Truman & Co. (KW)
(305) 902-7090
51 in this area
111 Total Sales
-
Bobby Ciulla
Seller Co-Listing Agent in 2023
Bobby Ciulla
Truman & Co. (KW)
(561) 306-2397
1 in this area
5 Total Sales
-
Bobby Krug
B
Buyer's Agent in 2023
Bobby Krug
Ocean Sotheby's International Realty
(516) 784-9083
3 in this area
14 Total Sales
-
R
Seller's Agent in 2016
Roger Gillis
Coldwell Banker Schmitt Real Estate Co. (KW)
-
Curtis A. Skomp, CCIM
Seller Co-Listing Agent in 2016
Curtis A. Skomp, CCIM
RE/MAX
(305) 304-0084
19 in this area
148 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 604200
APN: 00032940-000000
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