1120 Elgin Ln Unit A and B Key West, FL 33040
Old Town NeighborhoodEstimated Value: $1,433,828 - $1,603,000
4
Beds
3
Baths
1,150
Sq Ft
$1,314/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.
Last Agent to Sell the Property
Coastal Collection Real Estate Inc. Listed on: 09/05/2022
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
$160,957
Avg. Annual Appreciation
6.20%
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
Similar Homes in Key West, FL
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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 |
|---|---|---|---|
| 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
193 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 602422
APN: 00004760-000000
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