NOT LISTED FOR SALE

1120 Elgin Ln Unit A and B Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,109,000 - $1,815,000

4 Beds
3 Baths
1,150 Sq Ft
$1,305/Sq Ft Est. Value

Last Sold January 17, 2023

Last sale price $1,350,000 $1,174 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $8,800/month

86 Days on Market

About This Home

As of January 2023

Looking 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

Team Connect

Coastal Collection Real Estate Inc. Listed on: 09/05/2022

Last Buyer's Agent

Justyn Ewald

Expert Realty LLC (HQ) License #3363807

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%
Views
7
Current Estimated Value
$1,500,815

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,815
Avg. Annual Appreciation
2.00%

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
Source: Public Records

Range of Values:

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Average Value
Not Available
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
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

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 $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

  • T

    Seller's Agent in 2023

    Team Connect

    Coastal Collection Real Estate Inc.

    12 in this area

    66 Total Sales

    Team Connect
    Section Image
  • Justyn Ewald

    Buyer's Agent in 2023

    Justyn Ewald

    Expert Realty LLC (HQ)

    (305) 587-7330

    22 in this area

    170 Total Sales

    Justyn Ewald
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 602422

Key West Association of REALTORS®

APN: 00004760-000000

Florida Monroe County Key West 33040 Old Town

1120 Elgin Ln Unit A and B, Key West, FL

This home is located at 1120 Elgin Ln Unit A and B, Key West, FL 33040 since 05 September 2022 and is currently estimated at $1,500,815, approximately $1,305 per square foot. This property was built in 1925. 1120 Elgin Ln Unit A and B is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and Somerset Island Prep.

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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