NOT LISTED FOR SALE

1119 16th Terrace Key West, FL 33040

New Town Neighborhood

Estimated Value: $983,827 - $1,145,000

3 Beds
2 Baths
1,122 Sq Ft
$935/Sq Ft Est. Value

Last Sold June 08, 2021

Last sale price $840,000 $749 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $6,427/month

8 Days on Market

Highlights

  • Concrete Pool
  • Granite Countertops
  • Balcony
  • Deck
  • No HOA
  • Complete Accordion Shutters

About This Home

As of June 2021

Come live in Paradise in this beautiful 3 bedroom 2 bath pool home in the New Town neighborhood of Key West. Concrete construction with metal roof and hurricane protection. Enjoy your own private oasis in your backyard. Tile throughout, wood cabinets in the kitchen, granite countertops, and Statina (smudge-free appliances; including one updated bathroom and new AC installed in 2020. Great home for gatherings and entertainment. Patio furniture negotiable. Property sold As-Is.

Last Agent to Sell the Property

Nate Klutznick

LoKation Real Estate License #3130203 Listed on: 04/13/2021

LoKation Real Estate

Last Buyer's Agent

Amber DeBevec

LoKation Real Estate License #3484789

LoKation Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,371

Year Built

  • Built in 1968 | Remodeled

Lot Details

  • 5,700 Sq Ft Lot
  • Fenced

Parking

  • Open Parking

Home Design

  • Metal Roof
  • Stucco

Interior Spaces

  • 1,122 Sq Ft Home
  • Shutters
  • Blinds
  • French Doors
  • Utility Room
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Impact Glass
  • Fire and Smoke Detector

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Deck
  • Shed

Location

  • Ground Level

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Pearlman Heights Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00057480-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,371

Year Built

Built in 1968 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • 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: Bay/Gulf
  • State Province: FL
  • Taxes: 2370.71
  • Vehicle Storage: Open Parking
  • Year Built: 1968
  • Alternate Key Number: 1057967
  • Building Style: Ground Level
  • Cooling Heating: Central Air
  • Lot Sq Ft: 5700.00
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Deck, Open Porch/Balcony
  • Shutters: Accordion, Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1122.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms, Window Treatments, Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Freezer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: French Doors, Impact Rstnce Window
  • Total Bedrooms: 3
  • Sq Ft Remarks: Gross Sq Ft 1308, Finished Sq Ft 1122

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Stucco
  • Exterior Features: Fencing, Shed
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00057480-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 13, 2021
Closed on
Jun 8, 2021
Sold by
Niles Shaun C and Niles Cecilia T
Bought by
Willis David Eric and Willis Penny
Seller's Agent
Nate Klutznick
LoKation Real Estate
Buyer's Agent
Amber DeBevec
LoKation Real Estate
List Price
$872,500
Sold Price
$840,000
Premium/Discount to List
-$32,500
-3.72%
Current Estimated Value
$1,058,821

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$218,821
Avg. Annual Appreciation
5.94%
Original Mortgage
$590,000
Outstanding Balance
$538,803
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$529,661

Purchase Details

Closed on
May 31, 2000
Sold by
Borresen William H and Borresen Jerry A
Bought by
Niles Shaun C and Niles Cecilia T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,000
Interest Rate
8.14%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 25, 1993
Sold by
Obrien Daniel E and Brien Betty L
Bought by
Borresen William H and Borresen Ann Jerry

Purchase Details

Closed on
Dec 1, 1987
Bought by
Niles Shaun C and Niles Cecilia T
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Willis David Eric $840,000 Attorney
Niles Shaun C $318,000 --
Borresen William H -- --
Borresen William H $157,500 --
Niles Shaun C $159,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Willis David Eric $590,000
Previous Owner Niles Shaun Christopher $273,000
Previous Owner Niles Shaun C $300,000
Previous Owner Niles Shaun C $50,000
Previous Owner Niles Shaun C $234,000
Previous Owner Niles Shaun C $30,000
Previous Owner Niles Shaun C $200,000
Previous Owner Niles Shaun C $187,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/08/2021 06/08/21 Sold $840,000 -3.7% $749 / Sq Ft
04/21/2021 04/21/21 Pending -- -- --
04/13/2021 04/13/21 For Sale $872,500 -- $778 / 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 $7,546 $884,301 $523,887 $360,414
2023 $7,546 $869,430 $523,887 $345,543
2022 $6,708 $758,646 $408,747 $349,899
2021 $2,513 $278,726 $0 $0
2020 $2,469 $274,878 $0 $0
2019 $2,430 $268,698 $0 $0
2018 $2,420 $263,688 $0 $0
2017 $2,405 $258,265 $0 $0
2016 $2,466 $252,953 $0 $0
2015 $2,516 $251,195 $0 $0
2014 $2,579 $249,201 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Nate Klutznick

    Seller's Agent in 2021

    Nate Klutznick

    LoKation Real Estate

    (954) 868-5426

    2 in this area

    36 Total Sales

    Section Image
  • Amber DeBevec

    Buyer's Agent in 2021

    Amber DeBevec

    LoKation Real Estate

    (305) 393-6613

    7 in this area

    22 Total Sales

    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 595636

Florida Keys Board of REALTORS®

APN: 1057967

Florida Monroe County Key West 33040 New Town

1119 16th Terrace, Key West, FL

This home is located at 1119 16th Terrace, Key West, FL 33040 since 13 April 2021 and is currently estimated at $1,048,957, approximately $934 per square foot. This property was built in 1968. 1119 16th Terrace is a home located in Monroe County with nearby schools including Poinciana Elementary School, Key West High School, and Sigsbee Charter 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.

Nearby Homes