NOT LISTED FOR SALE

1216 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,031,000 - $1,443,000

2 Beds
2 Baths
1,409 Sq Ft
$896/Sq Ft Est. Value

Sale Details

Date Sold: August 30, 2018

Last sale price $750,000 $532 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $7,404 / mo

7 Days on Market

Highlights

  • Concrete Pool
  • Cathedral Ceiling
  • Granite Countertops
  • Deck
  • Wood Flooring
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of August 2018

Historic Old Town Key West Charmer! Island living, indoor/outdoor entertaining, and move in ready! This meticulously maintained and recently updated home is perfect for those ready to enjoy all that Key West has to offer. Walking distance to beaches, dog park, White Street Art District, Casa Marina, Duval Street, and many of Key West's finest dining options. You will not find another home of this caliber at this price point in Old Town. Certainly a must see! Easy to show. Call and schedule your private tour now!

Last Agent to Sell the Property

Thomas Mack

SBX Real Estate, LLC (KW) Listed on: 06/15/2018

Co-Listed By

Terrance Sullivan

Buy The Keys (KW)

Last Buyer's Agent

Suzanne Washburn

Coldwell Banker Schmitt Real Estate Co. (KW) License #608020

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,489

Year Built

  • Built in 1928

Lot Details

  • 1,414 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,409 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Shutters
  • Storage
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00033210-000100

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,489

Year Built

Built in 1928

Lot Details

1,414 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 2488.73
  • Year Built: 1928
  • Alternate Key Number: 8729758
  • Lot Sq Ft: 1414.00
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1409.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Smoke Alarms, Walk-in Closet(s), Storage, Granite Counter Top, Cathedral Ceilings, Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Freezer, Wine Cooler, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Gas Appliances, Dryer, Disposal
  • Floor: Wood
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: Cable Available, Propane, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00033210-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.03

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 1.00

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
Jun 15, 2018
Closed on
Sep 6, 2018
Sold by
Bought by
Seller's Agent
Thomas Mack
SBX Real Estate, LLC (KW)
Buyer's Agent
Suzanne Washburn
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$775,000
Sold Price
$750,000
Premium/Discount to List
-$25,000
-3.23%
Current Estimated Value
$1,262,485

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$512,485
Avg. Annual Appreciation
6.85%

Purchase Details

Closed on
May 10, 2017
Sold by
Bought by

Purchase Details

Closed on
Jan 31, 2007
Sold by
Bought by

Purchase Details

Closed on
May 21, 2001
Bought by

Purchase Details

Closed on
Apr 14, 1998
Sold by
Bought by

Purchase Details

Closed on
Jan 1, 1997
Bought by

Purchase Details

Closed on
Aug 12, 1993
Sold by
Bought by

Purchase Details

Closed on
Nov 1, 1987
Bought by
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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

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
$750,000 None Listed On Document
-- Attorney
-- None Available
$269,000 --
$100 --
$2,000 --
-- --
-- --
-- --
$145,000 --
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 $134,702
Closed $300,000
Closed $275,000
Closed $200,000
Closed $60,000
Closed $308,000
Closed $35,000
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
08/30/2018 08/30/18 Sold $750,000 -3.2% $532 / Sq Ft
06/22/2018 06/22/18 Pending -- -- --
06/15/2018 06/15/18 For Sale $775,000 -- $550 / Sq Ft
Source: Florida Keys Board 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 $7,498 $900,977 $406,352 $494,625
2024 $6,974 $897,208 $406,352 $490,856
2023 $6,974 $825,710 $353,459 $472,251
2022 $6,384 $781,605 $303,924 $477,681
2021 $5,878 $622,375 $226,684 $395,691
2020 $6,087 $648,707 $248,513 $400,194
2019 $5,933 $625,556 $243,475 $382,081
2018 $2,915 $318,722 $0 $0
2017 $2,899 $312,167 $0 $0
2016 $2,979 $305,747 $0 $0
2015 $3,039 $303,622 $0 $0
2014 $3,120 $301,212 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2018

    Thomas Mack

    SBX Real Estate, LLC (KW)

  • T

    Seller Co-Listing Agent in 2018

    Terrance Sullivan

    Buy The Keys (KW)

  • S

    Buyer's Agent in 2018

    Suzanne Washburn

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (407) 839-3111

    8 in this area

    46 Total Sales

    Suzanne Washburn
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580616

Florida Keys Board of REALTORS®

APN: 00033210-000100

Florida Monroe County Key West 33040 Old Town

1216 Varela St, Key West, FL

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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