NOT LISTED FOR SALE

1124 Watson St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,114,181 - $1,219,000

2 Beds
1 Bath
1,099 Sq Ft
$1,049/Sq Ft Est. Value

Last Sold May 11, 2022

Last sale price $1,100,000 $1,001 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $6,739/month

42 Days on Market

Highlights

  • Key West Architecture
  • Stainless Steel Appliances
  • Shed
  • No HOA
  • Storage
  • 4-minute walk to Higgs Beach Dog Park

About This Home

As of May 2022

Live in the center of Key West in Old Town; 8 short blocks to the beach, less than a mile to Duval Street, near Casa Marina district and, on the corner of Watson & Catherine Streets. Step into this house and say, 'Wow' noticing; impressive high ceilings, loads of rare Dade County Pine, newly renovated kitchen, beautifully renovated full bathroom and, lots of storage closets. Be the hero entertaining at gatherings with; fabulous outdoor space, room for a pool, off street parking, room to park on Catherine Street and, all on a large corner lot! Curl up with a good book in the Loft Bedroom with storage for all your stuff; books, costumes, and a library ladder! Imagine, all you have to do is bring your things move in, and start enjoying Key West tomorrow morning.

Last Agent to Sell the Property

Robin Nilsson

Ocean Sotheby's International Realty Listed on: 03/28/2022

Last Buyer's Agent

Kelli Houze

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3418054

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,099

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 2,675 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Off-Street Parking

Home Design

  • Key West Architecture
  • Frame Construction

Interior Spaces

  • 1,099 Sq Ft Home
  • Storage
  • Dryer

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Shed
  • Ground Level
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Gg Watson Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00031870-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,099

Year Built

Built in 1938 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4098.71
  • Vehicle Storage: Off Street Parking
  • Year Built: 1938
  • Alternate Key Number: 1032654
  • Building Style: Conch, Ground Level
  • Lot Sq Ft: 2675.00
  • Tax Exemptions: Homestead, None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1099.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Storage
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Refrigerator, Oven, Microwave, Dryer
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Shed, Storage
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00031870-000000
  • Lot Size: 52.3 X 50.3
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 28, 2022
Closed on
May 11, 2022
Sold by
Flaherty and Amy
Bought by
Sloss George and Sloss Abigail
Seller's Agent
Robin Nilsson
Ocean Sotheby's International Realty
Buyer's Agent
Kelli Houze
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,050,000
Sold Price
$1,100,000
Premium/Discount to List
$50,000
4.76%
Current Estimated Value
$1,152,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$52,795
Avg. Annual Appreciation
1.27%
Original Mortgage
$880,000
Outstanding Balance
$833,728
Interest Rate
5.27%
Mortgage Type
New Conventional
Estimated Equity
$319,067

Purchase Details

Listed on
May 4, 2016
Closed on
Sep 16, 2016
Sold by
Noe Robert Alva
Bought by
Flaherty Amy and Flaherty Michael
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Amy Flaherty
Royal Palms Realty (KW)
List Price
$550,000
Sold Price
$480,000
Premium/Discount to List
-$70,000
-12.73%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.81%
Original Mortgage
$384,000
Interest Rate
3.43%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 6, 2001
Bought by
Flaherty Amy and Flaherty Michael

Purchase Details

Closed on
Oct 23, 1995
Sold by
Getsinger Richard G and Getsinger H
Bought by
Madruga Maria

Purchase Details

Closed on
Nov 1, 1991
Bought by
Flaherty Amy and Flaherty Michael

Purchase Details

Closed on
Jun 1, 1990
Bought by
Flaherty Amy and Flaherty Michael

Purchase Details

Closed on
Feb 1, 1975
Bought by
Flaherty Amy and Flaherty Michael
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
Sloss George $1,100,000 Oropeza Stones Cardenas Pllc
Flaherty Amy $480,000 None Available
Flaherty Amy $285,000 --
Madruga Maria $100 --
Getsinger Richard G $100 --
Flaherty Amy $129,900 --
Flaherty Amy $149,000 --
Flaherty Amy $16,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sloss George $880,000
Previous Owner Flaherty Amy $384,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/11/2022 05/11/22 Sold $1,100,000 +4.8% $1,001 / Sq Ft
05/09/2022 05/09/22 Pending -- -- --
03/28/2022 03/28/22 For Sale $1,050,000 +118.8% $955 / Sq Ft
09/16/2016 09/16/16 Sold $480,000 -12.7% $437 / Sq Ft View Prior Sale
08/17/2016 08/17/16 Pending -- -- --
05/04/2016 05/04/16 For Sale $550,000 -- $500 / 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 $8,894 $1,037,107 $647,350 $389,757
2024 $8,208 $1,028,604 $647,350 $381,254
2023 $8,208 $925,780 $563,088 $362,692
2022 $4,017 $473,627 $0 $0
2021 $4,099 $459,833 $395,900 $63,933
2020 $4,101 $461,629 $395,900 $65,729
2019 $4,068 $454,505 $387,875 $66,630
2018 $4,077 $447,638 $390,858 $56,780
2017 $4,525 $448,538 $0 $0
2016 $5,037 $523,781 $0 $0
2015 $4,791 $490,975 $0 $0
2014 $4,284 $371,963 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2022

    Robin Nilsson

    Ocean Sotheby's International Realty

  • K

    Buyer's Agent in 2022

    Kelli Houze

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 394-2640

    3 in this area

    24 Total Sales

    Kelli Houze
    Section Image
  • Terri Spottswood

    Seller's Agent in 2016

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    107 in this area

    289 Total Sales

    Terri Spottswood
    Section Image
  • John Spottswood

    Seller Co-Listing Agent in 2016

    John Spottswood

    Truman & Co. (KW)

    (305) 432-4848

    95 in this area

    268 Total Sales

    John Spottswood
    Section Image

  • A

    Buyer's Agent in 2016

    Amy Flaherty

    Royal Palms Realty (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600335

Florida Keys Board of REALTORS®

APN: 00031870-000000

Florida Monroe County Key West 33040 Old Town

1124 Watson St, Key West, FL

Not Listed for Sale

Detached

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