Seller's Agent in 2022
Bob Cardenas
Coastal Collection Real Estate Inc.
(305) 304-8292
26 in this area
80 Total Sales
1121 Margaret St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $3,085,000 - $4,175,000
4
Beds
5
Baths
3,000
Sq Ft
$1,221/Sq Ft
Est. Value
Highlights
- Concrete Pool
- Maid or Guest Quarters
- Quartz Countertops
- 0.12 Acre Lot
- Deck
- Outdoor Water Feature
About This Home
As of May 2022Once home to the historic Molina's Bakery, this contemporary masterpiece now meets modern island residential paradise. Located in the heart of Old Town Key West, this four-bedroom, three full and two half-bathroom residence embodies art and culture throughout. This home is perfect for a weekend getaway or full-time residence, complete with an open floor plan, immaculate attention to detail, and split living quarters. Step outdoors into the spacious and meticulously private, side meditation courtyard or relish in your idyllic back yard with a heated pool, water feature, outdoor shower, lush landscaping and maintenance free deck. This home also features new hurricane-rated impact windows and doors, a flawlessly designed kitchen with quartz countertops, stainless steel appliances, polished concrete flooring throughout, and a laundry room leading to a sizable, private garage. Fourth bedroom is set up as a convenient separate lockout studio apartment and there is also an additional former artist's studio that can serve as a fifth bedroom or possible additional lockout apartment with its own entrance. This fine property was designed and previously owned by a renowned, local architect.
Last Agent to Sell the Property
Coastal Collection Real Estate Inc. License #3406183 Listed on: 04/12/2022
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $9,877
Year Built
- Built in 1948 | Remodeled
Lot Details
- 5,243 Sq Ft Lot
- Privacy Fence
- Fenced
- Property is zoned HHDR - Historic High Density Residential
Parking
- Garage
Home Design
- HardiePlank Siding
- Pre-Cast Concrete Construction
Interior Spaces
- 3,000 Sq Ft Home
- 1-Story Property
- Entrance Foyer
- Concrete Flooring
- Impact Glass
Kitchen
- Range
- Dishwasher
- Stainless Steel Appliances
- Quartz Countertops
- Built-In or Custom Kitchen Cabinets
Bedrooms and Bathrooms
- 4 Bedrooms
- Walk-In Closet
- Maid or Guest Quarters
Laundry
- Dryer
- Washer
Pool
- Concrete Pool
- In Ground Pool
- Pool Deck
- Outdoor Shower
Outdoor Features
- Deck
- Outdoor Water Feature
- Outdoor Storage
Utilities
- Central Air
- Ductless Heating Or Cooling System
- Separate Meters
- Public Hookup Available For Sewer
- Cable TV Available
Community Details
- No Home Owners Association
- Old Town Unlisted Subdivision
Listing and Financial Details
- Minimum Rental Period: 28
- Assessor Parcel Number 00029990-000000
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 12, 2022
Closed on
May 13, 2022
Sold by
Bought by
Seller's Agent
Bob Cardenas
Coastal Collection Real Estate Inc.
Buyer's Agent
Team Kaufelt
Truman & Co. (KW)
List Price
$3,595,000
Sold Price
$3,625,000
Premium/Discount to List
$30,000
0.83%
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
$36,088
Avg. Annual Appreciation
0.25%
Purchase Details
Listed on
Oct 1, 2021
Closed on
Oct 10, 2021
Sold by
Bought by
Seller's Agent
Kent Ducote
Truman & Co. (KW)
Buyer's Agent
Robert Cardenas
Ocean Sotheby's International Realty
List Price
$2,990,000
Sold Price
$2,959,950
Premium/Discount to List
-$30,050
-1.01%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
43.61%
Purchase Details
Closed on
Feb 28, 2019
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$792,000
Interest Rate
0.044%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Dec 18, 2015
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$475,000
Interest Rate
0.0391%
Mortgage Type
Commercial
Purchase Details
Closed on
Mar 1, 1991
Bought by
Purchase Details
Closed on
Aug 1, 1988
Bought by
Purchase Details
Closed on
Feb 1, 1973
Bought by
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Home Values in the Area
Average Home Value in this Area
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $3,625,000 | Shumaker Shumaker Loop & Kendr | ||
| $2,900,000 | Novas Title Company Llc | ||
| $425,490 | None Listed On Document | ||
| $595,000 | Attorney | ||
| $125,500 | -- | ||
| $265,000 | -- | ||
| $15,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Closed | $797,500 | ||
| Closed | $792,000 | ||
| Closed | $792,000 | ||
| Closed | $475,000 | ||
| Closed | $400,000 | ||
| Closed | $350,000 | ||
| Closed | $490,000 | ||
| Closed | $50,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 05/13/2022 05/13/22 | Sold | $3,625,000 | +0.8% | $1,208 / Sq Ft | |
| 04/21/2022 04/21/22 | Pending | -- | -- | -- | |
| 04/12/2022 04/12/22 | For Sale | $3,595,000 | +21.5% | $1,198 / Sq Ft | |
| 10/21/2021 10/21/21 | Sold | $2,959,950 | -1.0% | $987 / Sq Ft | View Prior Sale |
| 10/08/2021 10/08/21 | Pending | -- | -- | -- | |
| 10/01/2021 10/01/21 | For Sale | $2,990,000 | -- | $997 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $24,642 | $2,960,101 | $938,916 | $2,021,185 |
| 2024 | $23,570 | $2,960,892 | $938,916 | $2,021,976 |
| 2023 | $23,570 | $2,748,872 | $816,702 | $1,932,170 |
| 2022 | $22,390 | $2,645,026 | $702,247 | $1,942,779 |
| 2021 | $9,877 | $1,066,393 | $523,776 | $542,617 |
| 2020 | $10,347 | $1,123,626 | $574,213 | $549,413 |
| 2019 | $7,343 | $931,906 | $562,574 | $369,332 |
| 2018 | $5,767 | $624,959 | $328,736 | $296,223 |
| 2017 | $5,583 | $636,954 | $0 | $0 |
| 2016 | $6,177 | $614,761 | $0 | $0 |
| 2015 | $6,328 | $614,718 | $0 | $0 |
| 2014 | $6,623 | $617,870 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Bob Cardenas
-
Matthew Carlson
Seller Co-Listing Agent in 2022
Matthew Carlson
Realty ONE Group Destination
(612) 791-2345
26 in this area
84 Total Sales
-
Team Kaufelt
Buyer's Agent in 2022
Team Kaufelt
Truman & Co. (KW)
(305) 393-1267
60 in this area
136 Total Sales
-
K
Seller's Agent in 2021
Kent Ducote
Truman & Co. (KW)
-
Regan Butler
Seller Co-Listing Agent in 2021
Regan Butler
Truman & Co. (KW)
(305) 906-2324
9 in this area
22 Total Sales
-
R
Buyer's Agent in 2021
Robert Cardenas
Ocean Sotheby's International Realty
Map
Source: Key West Association of REALTORS®
MLS Number: 600529
APN: 00029990-000000
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.
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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