NOT LISTED FOR SALE

1202 Royal St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,373,159 - $1,933,000

6 Beds
3 Baths
2,037 Sq Ft
$779/Sq Ft Est. Value

Last Sold August 31, 2021

Last sale price $1,100,000 $540 Per Sq Ft

Est. 44% increase in value since last sale

Current estimated payment $9,142/month

170 Days on Market

Highlights

  • No HOA
  • Patio
  • 4-minute walk to Gato Village Pocket Park

About This Home

As of August 2021

Seller is motivated and will be looking at all offers. Send all investors to this property!!!!!!!!Three (3) separate units in Old Town Key West. A huge six (6) bedrooms and three (3) bathrooms with over two thousand square feet of living space in Historical Old Town Key West. Multi-tenants are few and far between in this market, the rents for this property are well below market. Come and put your personal touches on it and make it your next great investment. Front house has a three (3) bedroom and one (1) bathroom. On the second floor of the front house is a studio apartment with one (1) bathroom. Back house has two (2) bedrooms and one (1) bathroom. All units have full kitchens. Three separate electrical meters, and two water meters, with parking, makes this a one of a kind property.

Last Agent to Sell the Property

Bobby Coe IV

Coastal Collection Real Estate Inc. License #3428120 Listed on: 02/22/2021

Last Buyer's Agent

Bobby Coe

RE/MAX Keys Connection (KW) License #3428120

RE/MAX Keys Connection (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,616

Year Built

  • Built in 1933

Lot Details

  • 3,720

Parking

  • Off-Street Parking

Home Design

  • 2,037 Sq Ft Home

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Patio
  • 3,720 Sq Ft Lot
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Investment Co Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed
  • Pet Restriction: YES

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,616

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 6616.03
  • Vehicle Storage: Off Street Parking
  • Year Built: 1933
  • Alternate Key Number: 1030210
  • Building Style: Other Bldg Style
  • Cooling Heating: None
  • Lot Sq Ft: 3720.00
  • Porch Balcony: Patio
  • License Info: Non Trans Rntl Lic
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2037.00
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: No Appliances
  • Total Bedrooms: 6

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Other
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 22, 2021
Closed on
Aug 31, 2021
Sold by
Sheldon Frank Lee
Bought by
Piotrkowski Sammy and Piotrkowski Gail J
Seller's Agent
Bobby Coe IV
Coastal Collection Real Estate Inc.
Buyer's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
List Price
$1,399,999
Sold Price
$1,100,000
Premium/Discount to List
-$299,999
-21.43%
Current Estimated Value
$1,586,040

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$486,040
Avg. Annual Appreciation
7.59%

Purchase Details

Closed on
Nov 16, 1998
Sold by
Sheldon Kathleen
Bought by
Sheldon Frank L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$203,000
Interest Rate
6.58%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1993
Bought by
Sheldon Frank Lee

Purchase Details

Closed on
Jul 1, 1988
Bought by
Sheldon Frank Lee

Purchase Details

Closed on
Oct 1, 1978
Bought by
Sheldon Frank Lee
Source: Public Records

Range of Values:

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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
Piotrkowski Sammy $1,100,000 Attorney
Sheldon Frank L $475,000 --
Sheldon Frank Lee $76,000 --
Sheldon Frank Lee $170,000 --
Sheldon Frank Lee $14,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sheldon Frank L $203,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/31/2021 08/31/21 Sold $1,100,000 -13.5% $540 / Sq Ft
08/11/2021 08/11/21 Pending -- -- --
05/28/2021 05/28/21 Price Changed $1,272,000 -0.2% $624 / Sq Ft
05/07/2021 05/07/21 Price Changed $1,275,000 -1.2% $626 / Sq Ft
04/19/2021 04/19/21 Price Changed $1,290,000 -4.4% $633 / Sq Ft
03/03/2021 03/03/21 Price Changed $1,350,000 -3.6% $663 / Sq Ft
02/22/2021 02/22/21 For Sale $1,399,999 -- $687 / 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 $8,793 $1,068,912 $661,332 $407,580
2023 $8,793 $884,127 $487,515 $396,612
2022 $8,180 $828,758 $420,472 $408,286
2021 $6,573 $604,054 $335,219 $268,835
2020 $6,529 $602,737 $349,289 $253,448
2019 $6,616 $608,184 $349,866 $258,318
2018 $6,374 $570,855 $307,904 $262,951
2017 $6,500 $574,388 $0 $0
2016 $7,026 $682,736 $0 $0
2015 $6,726 $635,265 $0 $0
2014 $6,063 $478,297 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2021

    Bobby Coe IV

    Coastal Collection Real Estate Inc.

  • Bobby Coe

    Buyer's Agent in 2021

    Bobby Coe

    RE/MAX

    (305) 363-9665

    42 in this area

    131 Total Sales

    Bobby Coe
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594816

Florida Keys Board of REALTORS®

APN: 00029450-000000

Florida Monroe County Key West 33040 Old Town

1202 Royal St, Key West, FL

This home is located at 1202 Royal St, Key West, FL 33040 since 22 February 2021 and is currently estimated at $1,586,040, approximately $778 per square foot. This property was built in 1933. 1202 Royal St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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.

Florida Keys Board 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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