NOT LISTED FOR SALE

Estimated Value: $1,529,690 - $2,285,000

2 Beds
1 Bath
678 Sq Ft
$2,839/Sq Ft Est. Value

Last Sold May 04, 2012

Last sale price $240,000 $354 Per Sq Ft

Est. 702% increase in value since last sale

Current estimated payment $10,768/month

2 Days on Market

Highlights

  • Key West Architecture
  • Shed
  • 1-Story Property
  • No HOA
  • Tile Flooring
  • Ceiling Fan

About This Home

As of May 2012

Definite short sale. Not sure how financing was secured, but there are 2 separate mortgages on this property. Current owner was some how granted financing for and unfortunately paid $749,000 at the height of real estate bubble for this tiny, 5 room, 678 sq ft building which use to be garage for a larger home. This building does NOT have its own electric, water or sewer accounts. New owner will bear considerable burden and expense of establishing utility accounts/services. No side yard to left because building is next to property line/fence. Has very little side yard on right. Has termites. It's doubtful any bank will lend on this property in current condition. Therefore, buyer should be cash only.

Last Agent to Sell the Property

Walt Lee

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3159689 Listed on: 05/02/2012

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Louis Condos

Home Edge Inc. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,447

Year Built

  • Built in 1980

Lot Details

  • 2,618 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Shingle Roof

Interior Spaces

  • 678 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Pull Down Stairs to Attic
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Additional Features

  • Shed
  • Ground Level
  • Cooling System Mounted To A Wall/Window

Community Details

  • No Home Owners Association
  • Webb Realty Co Sub Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,447

Year Built

Built in 1980

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: Yes
  • Key Island: Key West
  • K W Neighborhood: Casa Marina
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Selling Info: Thanks for hanging the Louie.
  • Side: Median
  • State Province: FL
  • Taxes: 3447.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1980
  • Alternate Key Number: 1039268
  • Building Style: Conch, Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 2618.00
  • Tax Exemptions: None
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 678.00
  • Special Features: 12
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Pull Down Stairs, Smoke Alarms
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Oven, Range, Refrigerator
  • Floor: Carpet, Tile
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed, Storage, Privacy Wall/Fence
  • Roof: Shingle Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Other - See Remarks

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Lot Size: 28 X 93.5
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 2, 2012
Closed on
May 3, 2012
Sold by
Thrasher Layne W
Bought by
Pfeffer Joan and Mahone Leotis
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Louis Condos
Home Edge Inc. (KW)
List Price
$265,000
Sold Price
$240,000
Premium/Discount to List
-$25,000
-9.43%
Total Days on Market
2
Current Estimated Value
$1,924,923

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,684,923
Avg. Annual Appreciation
17.25%

Purchase Details

Closed on
May 4, 2005
Sold by
Kerr Gregory
Bought by
Thrasher Layne W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$74,900
Interest Rate
5.8%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Oct 18, 2002
Bought by
Pfeffer Joan
Source: Public Records

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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
Pfeffer Joan -- Attorney
Pfeffer Joan $240,000 Attorney
Thrasher Layne W $749,000 --
Thrasher Layne W -- --
Pfeffer Joan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thrasher Layne W $74,900
Previous Owner Thrasher Layne W $599,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/04/2012 05/04/12 Sold $240,000 -9.4% $354 / Sq Ft
05/04/2012 05/04/12 Pending -- -- --
05/02/2012 05/02/12 For Sale $265,000 -- $391 / Sq Ft
Source: Florida Keys Board 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 $6,619 $800,361 -- --
2023 $6,619 $777,050 $0 $0
2022 $6,334 $754,418 $0 $0
2021 $6,486 $732,445 $0 $0
2020 $6,378 $722,333 $0 $0
2019 $6,285 $706,093 $0 $0
2018 $6,287 $692,928 $0 $0
2017 $6,261 $678,676 $0 $0
2016 $6,468 $664,717 $0 $0
2015 $6,594 $660,096 $0 $0
2014 $6,796 $654,857 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116440

Florida Keys Board of REALTORS®

APN: 00038520-000000