NOT LISTED FOR SALE

1123 Whitehead St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $888,317 - $1,203,000

2 Beds
2 Baths
722 Sq Ft
$1,532/Sq Ft Est. Value

Last Sold November 13, 2018

Last sale price $550,000 $762 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $6,229/month

19 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • Shutters
  • Wood Flooring
  • Jalousie or louvered window
  • 5-minute walk to Gato Village Pocket Park

About This Home

As of November 2018

Great Investment property in Old Town with Bahama Village as a neighbor. Legal duplex with two one bedroom (bedroom in loft) one bath units. With charming wood floors and great use of space, these units resemble staterooms in a grand old yacht. A relatively new roof, updated plumbing and electric make for easy ownership. Rear unit has a private gated and fenced yard. Great location, you can see the Southernmost Bullet and Atlantic Ocean from the entrance.

Last Agent to Sell the Property

Everett Watkins

Keller Williams Key West Compass Realty License #513929 Listed on: 10/02/2018

Keller Williams Key West Compass Realty

Last Buyer's Agent

John Spottswood

Truman & Co. (KW) License #3264225

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,724

Year Built

  • Built in 1928

Lot Details

  • 2,100 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Key West Architecture
  • Fixer Upper
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 722 Sq Ft Home
  • Ceiling Fan
  • Jalousie or louvered window
  • Shutters
  • Double Hung Windows
  • Storage
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • 2 Units
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00028330-000000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,724

Year Built

Built in 1928

Lot Details

2,100 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Voluntary HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Ocean
  • State Province: FL
  • Taxes: 3723.80
  • Title: Title Ins - Buyer
  • Year Built: 1928
  • Alternate Key Number: 1029106
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 2100.00
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 722.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Storage
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Floor: Tile, Wood
  • Windows/Doors: Double Hung Windows, Jalousie Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00028330-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 2, 2018
Closed on
Nov 15, 2018
Sold by
Whitehead Street Properties Llc
Bought by
1123 Whitehead Llc
Seller's Agent
Everett Watkins
Keller Williams Key West Compass Realty
Buyer's Agent
John Spottswood
Truman & Co. (KW)
List Price
$595,000
Sold Price
$550,000
Premium/Discount to List
-$45,000
-7.56%
Current Estimated Value
$1,105,829

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$555,829
Avg. Annual Appreciation
10.10%
Original Mortgage
$250,000
Outstanding Balance
$218,499
Interest Rate
4.7%
Mortgage Type
New Conventional
Estimated Equity
$887,330

Purchase Details

Closed on
Jan 2, 2017
Sold by
Estes Don and Estes Donald R
Bought by
Whitehead Street Properties Llc

Purchase Details

Closed on
Jul 23, 2014
Bought by
Estes Don
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
1123 Whitehead Llc $550,000 None Listed On Document
Whitehead Street Properties Llc -- Attorney
Estes Don -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1123 Whitehead Llc $250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/13/2018 11/13/18 Sold $550,000 -7.6% $762 / Sq Ft
10/21/2018 10/21/18 Pending -- -- --
10/02/2018 10/02/18 For Sale $595,000 -- $824 / Sq Ft
Source: Florida Keys Board of REALTORS®

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
2025 $6,456 $757,975 $609,336 $148,639
2024 $6,244 $797,364 $648,648 $148,716
2023 $6,244 $806,778 $666,120 $140,658
2022 $5,129 $546,317 $404,040 $142,277
2021 $4,793 $449,663 $327,600 $122,063
2020 $4,687 $440,093 $316,680 $123,413
2019 $4,889 $459,747 $327,726 $132,021
2018 $4,500 $408,410 $314,231 $94,179
2017 $4,544 $408,410 $0 $0
2016 $4,532 $409,046 $0 $0
2015 $4,175 $334,332 $0 $0
2014 $3,004 $236,771 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Everett Watkins

    Seller's Agent in 2018

    Everett Watkins

    Keller Williams Key West Compass Realty

    (305) 304-4269

    14 in this area

    35 Total Sales

    Everett Watkins
    Section Image
  • John Spottswood

    Buyer's Agent in 2018

    John Spottswood

    Truman & Co. (KW)

    (305) 432-4848

    91 in this area

    250 Total Sales

    John Spottswood
    Section Image
  • Terri Spottswood

    Buyer Co-Listing Agent in 2018

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    103 in this area

    272 Total Sales

    Terri Spottswood
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 582149

Florida Keys Board of REALTORS®

APN: 00028330-000000

Florida Monroe County Key West 33040 Old Town

1123 Whitehead St, Key West, FL

Not Listed for Sale

MultiFamily

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.

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