1120 Elgin Ln Unit A and B Key West, FL 33040
Old Town NeighborhoodEstimated Value: $1,408,000 - $1,776,000
4
Beds
3
Baths
1,150
Sq Ft
$1,361/Sq Ft
Est. Value
About This Home
As of January 2023Looking for the perfect Key West location with parking and room for a pool, on a very quiet lane? Well, you just found it! 1120 Elgin Lane is a perfect project located in the heart of Old Town, Key West. Just steps to all that Key West has to offer. Yes, this home needs a hug and a kiss, but the location and size is just perfect! Two separate structures on one lot, room to park at least two full size cars, plus some toys. Let your creative mind wander on this amazing historical home. Tons of charm and character are all over this property. It's just up to you to bring this amazing home back to the light it deserves. The main house has three (3) bedrooms and one and a half (1.5) bathrooms, the second structure has one (1) bedroom and one (1) bathroom. Nice sitting area outside to make a perfect garden or maybe even a Key West pool. The possibilities are endless. Make it yours today by calling for a private showing.
Home Details
Home Type
Single Family
Est. Annual Taxes
$10,500
Year Built
1925
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
- Document Count: 7
- Fee Includes: None
- Key Island: Key West
- K W Neighborhood: Old Town-N 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: Other Area Features
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Cash
- Side: Median
- State Province: FL
- Taxes: 5774.47
- Title: Negotiable
- Vehicle Storage: Off Street Parking
- Year Built: 1925
- Alternate Key Number: 1004944
- Building Style: Cigar Maker
- Cooling Heating: Wall/Window Unit(s)
- Lot Sq Ft: 3179.00
- Porch Balcony: Open Porch/Balcony
- License Info: Non Trans Rntl Lic
- Shutters: Bahama
- Tax Exemptions: Homestead
- Building Style Above Flood: Unknown
- Estimated Living Sq Ft: 1150.00
- Financial Status Standard Sale: Yes
- Property Condition: Fixer Upper
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: Detached
Interior Features
- Interior Amenities: Dade County Pine
- Total Bathrooms: 3.00
- Full Bathrooms: 2
- Appliances: Refrigerator, Oven
- Floor: Combo
- Half Bathrooms: 1
- Windows/Doors: Jalousie Windows
- Total Bedrooms: 4
- Sq Ft Remarks: Received sq ft off of recent appraisal.
Exterior Features
- Dockage: None
- Waterfront: None
- Waterfront: No
- Construction: Frame
- Roof: Metal Roof
- Waterview: No Waterview
- Pool: No
Utilities
- Security: No Security
- Utilities: Buyer to Verify
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Parcel Number: 00004760-000000
- Land Size: Less Than 1/4 Acre
- Acres: 0.07
Rental Info
- Rentals Allowed: With Restrictions
- Furnished: Negotiable
Tax Info
- Tax Year: 2021
Multi Family
- Total Units: 2.00
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 5, 2022
Closed on
Jan 17, 2023
Sold by
Marina Berry Holdings Llc
Bought by
Simpson Michael
Seller's Agent
Team Connect
Coastal Collection Real Estate Inc.
Buyer's Agent
Justyn Ewald
Expert Realty LLC (HQ)
List Price
$1,425,000
Sold Price
$1,350,000
Premium/Discount to List
-$75,000
-5.26%
Total Days on Market
86
Views
7
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
$215,319
Avg. Annual Appreciation
5.10%
Purchase Details
Closed on
Jun 6, 2022
Sold by
Niles Family Living Trust
Bought by
Marina Berry Holdings Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,602,000
Interest Rate
5.3%
Mortgage Type
New Conventional
Purchase Details
Closed on
May 15, 2008
Sold by
Niles Norman D
Bought by
Niles Norman D and Niles Kay V
Purchase Details
Closed on
Jun 6, 2002
Sold by
Lillie M Glace I
Bought by
Niles Norman D
Purchase Details
Closed on
May 22, 2002
Bought by
Niles Family Living Trust 10/28/2002
Purchase Details
Closed on
Feb 22, 2002
Sold by
Henrietta Powell I
Bought by
Curry Lynda J and Powell Joseph F
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
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 |
|---|---|---|---|
| Simpson Michael | $1,350,000 | -- | |
| Marina Berry Holdings Llc | $1,780,000 | Oropeza Stones Cardenas Pllc | |
| Niles Norman D | -- | Attorney | |
| Niles Norman D | $292,000 | -- | |
| Niles Norman D | $58,000 | -- | |
| Niles Family Living Trust 10/28/2002 | $350,000 | -- | |
| Curry Lynda J | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Marina Berry Holdings Llc | $1,602,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/17/2023 01/17/23 | Sold | $1,350,000 | -5.3% | $1,174 / Sq Ft |
| 11/30/2022 11/30/22 | Pending | -- | -- | -- |
| 09/05/2022 09/05/22 | For Sale | $1,425,000 | -- | $1,239 / 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 | $10,500 | $1,211,908 | $972,774 | $239,134 |
| 2023 | $10,500 | $1,199,896 | $894,094 | $305,802 |
| 2022 | $6,642 | $950,090 | $677,127 | $272,963 |
| 2021 | $5,774 | $659,927 | $513,409 | $146,518 |
| 2020 | $5,339 | $619,006 | $470,492 | $148,514 |
| 2019 | $5,038 | $595,901 | $459,366 | $136,535 |
| 2018 | $5,076 | $654,712 | $518,177 | $136,535 |
| 2017 | $4,922 | $656,708 | $0 | $0 |
| 2016 | $4,885 | $639,765 | $0 | $0 |
| 2015 | $4,179 | $465,401 | $0 | $0 |
| 2014 | $3,697 | $347,691 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Team Connect
T
Seller's Agent in 2023
Team Connect
Coastal Collection Real Estate Inc.
12 in this area
66 Total Sales
-
Justyn Ewald
Buyer's Agent in 2023
Justyn Ewald
Expert Realty LLC (HQ)
(305) 587-7330
23 in this area
192 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 602422
APN: 00004760-000000
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