NOT LISTED FOR SALE

1119 Varela St Unit A Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,109,000 - $1,226,000

2 Beds
2 Baths
1,260 Sq Ft
$937/Sq Ft Est. Value

Last Sold May 31, 2023

Last sale price $1,140,000 $905 Per Sq Ft

Est. 4% increase in value since last sale

Current estimated payment $6,753/month

10 Days on Market

About This Home

As of May 2023

A Key West home unlike any other! Step into the Carpe Diem House filled with treasure from around the world, accented by local charm, distressed Dade County Pine walls, and historic features like a claw foot tub and a delightful pass through country kitchen. You will be sure to enjoy the Varela Street location which offers a neighborhood of its own with shops, cafes, fitness studios, and art galleries. The prominent street is tree lined with wide sidewalks to stroll to your next Key West adventure. Along with a larger front porch to greet your friends and neighbors who pass by, a private tropical oasis, patio, covered porch, and outdoor shower extends your living to the outdoors. Offered entirely furnished with just a few minor exclusions, the home is to spend your first night ready or to start monthly vacation rentals. Located in the preferred X Zone of Key West, the higher elevation of the property reduces insurance costs and the potential for flooding. The property was previously two dwellings, with a separate rear unit, and was divided by prior owners to A and B addresses. A survey and association documents can be provided upon request to further describe this division of the property. Annual HOA fees are only $325. For your video tour requests, a comprehensive digital twin is available. The home is being sold as a residential property with no rental histories or projections available. $1,190,000

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 04/08/2023

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 04/08/2023

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,226

Year Built

1921

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 325.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: None, Other
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Fire Hydrant, Other Area Features
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 5538.00
  • Year Built: 1921
  • Alternate Key Number: 00032850-001000
  • Cooling Heating: Wall/Window Unit(s), Ceiling Fans(s)
  • Lot Sq Ft: 1857.00
  • Porch Balcony: Open Porch/Balcony, Deck, Patio, Roof Top Deck
  • Association Maintenance Fee Per: Yearly
  • Association Info Condo Docs: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1260.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Window Treatments, Dade County Pine, Storage, Entrance Foyer
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Gas Appliances, Disposal, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Sash/Screen Window, Glass Doors, French Doors
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Propane, Cable Available, Elect Separate Meter, Water Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00032850-001000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 8, 2023
Closed on
May 30, 2023
Sold by
Louisiana Pacific Land & Water Conservan
Bought by
Dudgeon Scott E and Dudgeon Heidi A
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$1,190,000
Sold Price
$1,140,000
Premium/Discount to List
-$50,000
-4.2%
Views
259
Current Estimated Value
$1,180,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,511
Avg. Annual Appreciation
4.47%
Original Mortgage
$969,000
Interest Rate
6.39%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 21, 2017
Sold by
Herzog Juergen M and Horn Rainer W
Bought by
Louisiana Pacific Land And Water Conserv
Source: Public Records

Range of Values:

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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
Dudgeon Scott E $1,140,000 None Listed On Document
Louisiana Pacific Land And Water Conserv $674,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dudgeon Scott E $766,250
Closed Dudgeon Scott E $218,000
Closed Dudgeon Scott E $969,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/31/2023 05/31/23 Sold $1,140,000 -4.2% $905 / Sq Ft
04/08/2023 04/08/23 For Sale $1,190,000 -- $944 / Sq Ft
Source: Key West Association 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 $6,226 $997,323 $494,333 $502,990
2023 $6,226 $736,036 $429,988 $306,048
2022 $5,651 $679,041 $369,729 $309,312
2021 $5,231 $548,552 $275,765 $272,787
2020 $5,255 $553,370 $302,320 $251,050
2019 $5,290 $552,700 $298,884 $253,816
2018 $5,359 $549,198 $292,617 $256,581
2017 $5,079 $508,981 $0 $0
2016 $4,602 $491,426 $0 $0
2015 $4,204 $421,536 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vic Musmanno

    Seller's Agent in 2023

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    14 in this area

    149 Total Sales

    Vic Musmanno
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Map

Source: Key West Association of REALTORS®

MLS Number: 604879

Key West Association of REALTORS®

APN: 00032850-001000

Florida Monroe County Key West 33040 Old Town

1119 Varela St Unit A, Key West, FL

This home is located at 1119 Varela St Unit A, Key West, FL 33040 since 08 April 2023 and is currently estimated at $1,180,511, approximately $936 per square foot. This property was built in 1921. 1119 Varela St Unit A 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.

Key West Association 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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