NOT LISTED FOR SALE

1217 Varela St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,318,751 - $1,512,000

3 Beds
2 Baths
1,442 Sq Ft
$970/Sq Ft Est. Value

Last Sold March 16, 2023

Last sale price $1,300,000 $902 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $7,790/month

36 Days on Market

About This Home

As of March 2023

BIG TIME OPPORTUNITY in Old Town, Key West. 1217 Varela Street is a 3 Bedroom, 2 Bathroom CBS structure on an extra large 5,791sf lot featuring an X-Flood zone location, lots of mature landscaping and off-street parking for up to 3 cars. Step inside to find an open living space with a separate dining area and a large kitchen. A rare oversized backyard is an open canvas to create your own sanctuary and has plenty of space to put in a swimming pool and spa. Walking and biking distance to World Famous Duval Street and Key West's best beaches and restaurants!

Last Listed By

Team Kaufelt

Truman & Co. (KW) License #00000 Listed on: 11/29/2022

Home Details

Home Type

Single Family

Est. Annual Taxes

$467

Year Built

1963

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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
  • Neighborhood Feature: Tennis Courts, Bike Paths, Beach, Fire Hydrant
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 427.76
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 3
  • Year Built: 1963
  • Alternate Key Number: 1033901
  • Building Style: Ground Level, Other Bldg Style
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 5791.00
  • Porch Balcony: Patio
  • License Info Number Of City License: 1
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1442.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Disposal, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Rain Gutters, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Cable Available, Elect Separate Meter, Water Separate Meter, Buyer to Verify, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X-500
  • Parcel Number: 00033140-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 29, 2022
Closed on
Mar 15, 2023
Sold by
Montessori Childrens School Of Key West
Bought by
Brady-Lefort Revocable Trust
Seller's Agent
Team Kaufelt
Truman & Co. (KW)
Buyer's Agent
Team Kaufelt
Truman & Co. (KW)
List Price
$1,300,000
Sold Price
$1,300,000
Total Days on Market
36
Views
77
Current Estimated Value
$1,398,188

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$98,188
Avg. Annual Appreciation
5.86%
Original Mortgage
$726,000
Outstanding Balance
$661,257
Interest Rate
5.14%
Mortgage Type
New Conventional
Estimated Equity
$808,207

Purchase Details

Listed on
Oct 30, 2018
Closed on
Jan 7, 2019
Sold by
Willard Rose E
Bought by
Montessori Childrens School Of
Seller's Agent
Tom Mclaughlin
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Tom Mclaughlin
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$749,900
Sold Price
$725,000
Premium/Discount to List
-$24,900
-3.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
14.95%
Original Mortgage
$1,200,000
Interest Rate
4.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 6, 2011
Sold by
Willard Russell R and Willard Rose E
Bought by
Willard Russell R and Willard Rose E

Purchase Details

Closed on
Feb 1, 1971
Bought by
Willard Family Trust

Range of Values:

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Average Value
Not Available
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
Brady-Lefort Revocable Trust $1,300,000 --
Montessori Childrens School Of $725,000 None Listed On Document
Montessori Childrens School Of $725,000 None Listed On Document
Willard Russell R -- Attorney
Willard Family Trust $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Brady-Lefort Revocable Trust $726,000
Previous Owner Montessori Childrens School Of $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2023 03/16/23 Sold $1,300,000 0.0% $902 / Sq Ft
11/29/2022 11/29/22 For Sale $1,300,000 +79.3% $902 / Sq Ft
01/07/2019 01/07/19 Sold $725,000 -3.3% $503 / Sq Ft
11/09/2018 11/09/18 Pending -- -- --
10/30/2018 10/30/18 For Sale $749,900 -- $520 / Sq Ft
Source: Key West Association 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 $467 $1,201,162 $980,995 $220,167
2023 $467 $1,062,006 $853,304 $208,702
2022 $447 $926,633 $733,720 $192,913
2021 $428 $712,132 $547,250 $164,882
2020 $422 $769,490 $599,948 $169,542
2019 $7,189 $768,055 $596,183 $171,872
2018 $6,920 $736,703 $580,693 $156,010
2017 $6,673 $741,110 $0 $0
2016 $6,683 $745,659 $0 $0
2015 $6,203 $658,142 $0 $0
2014 $5,487 $487,715 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Team Kaufelt

    Seller's Agent in 2023

    Team Kaufelt

    Truman & Co. (KW)

    (305) 393-1267

    98 in this area

    201 Total Sales

    Team Kaufelt
    Section Image

  • T

    Seller's Agent in 2019

    Tom Mclaughlin

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 296-7727

    11 in this area

    38 Total Sales

    Tom Mclaughlin
    Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 603242

Key West Association of REALTORS®

APN: 00033140-000000

Florida Monroe County Key West 33040 Old Town

1217 Varela St, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1217 Varela St, Key West, FL 33040 since 29 November 2022 and is currently estimated at $1,398,188, approximately $969 per square foot. This property was built in 1963. 1217 Varela 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.

Key West Association 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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