1217 Varela St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $1,281,000 - $1,548,000
3
Beds
2
Baths
1,442
Sq Ft
$980/Sq Ft
Est. Value
About This Home
As of March 2023BIG 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!
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
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$113,320
Avg. Annual Appreciation
3.20%
Original Mortgage
$726,000
Outstanding Balance
$655,321
Interest Rate
5.14%
Mortgage Type
New Conventional
Estimated Equity
$742,867
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
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
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
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
97 in this area
201 Total Sales
-
Tom Mclaughlin
T
Seller's Agent in 2019
Tom Mclaughlin
Coldwell Banker Schmitt Real Estate Co. (KW)
(305) 296-7727
11 in this area
40 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 603242
APN: 00033140-000000
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.
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.
Nearby Homes
- 1214 White St
- 1124 Catherine St Unit 202
- 1124 Catherine St Unit 201
- 1211 Knowles Ln
- 1033 Catherine St
- 1115 Varela St
- 1211 Catherine St
- 1124 Seminary St
- 1209 Grinnell St Unit G
- 1111 Watson St Unit C
- 1001 United St Unit B
- 1105 Watson St
- 1210 Virginia St
- 1006 Seminary St
- 1311 Grinnell St
- 1100 South St
- 1327 Duncan St
- 1104 South St
- 1332 Duncan St
- 1011 South St
- 1217 Varela St
- 1211 Varela St
- 1215 Varela St
- 1215 Varela St Unit C
- 1215 Varela St Unit A
- 1215 Varela St Unit B
- 1216 White St
- 1212 1/2 Varela St
- 1212 Varela St
- 1209 Varela St
- 1118 Catherine St
- 1216 Varela St Unit FRONT
- 1216 Varela St Unit R
- 1216 Varela St Unit FRNT
- 1216 Varela St
- 1120 Catherine St
- 1220 Varela St
- 1207 Varela St
- 1218 Varela St
- 1222 White St