1119 Varela St Unit A Key West, FL 33040
Old Town NeighborhoodEstimated Value: $1,174,782 - $1,671,000
2
Beds
2
Baths
1,260
Sq Ft
$1,098/Sq Ft
Est. Value
About This Home
As of May 2023A 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
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 04/08/2023
Last Buyer's Agent
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 04/08/2023
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
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$242,946
Avg. Annual Appreciation
7.66%
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
Similar Homes in Key West, FL
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
Average Home Value in this Area
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
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
15 in this area
157 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 604879
APN: 00032850-001000
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