$725,000
SOLD JAN 7, 2019

1217 Varela St Key West, FL 33040

Old Town Neighborhood
2 Beds
2 Baths
1,442 Sq Ft
5,791 Sq Ft Lot

Recently Sold

$503 Per Sq Ft

3% Below List Price

10 Days on Market

Highlights

  • 0.13 Acre Lot
  • No HOA
  • Outdoor Shower
  • Wood Flooring
  • Screened Patio
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of March 2023

Excellent Opportunity To Own An Updated Single Family Home in The X Flood Zone In Key West. Large Open Floor Plan Consist Of 2 Bedrooms And 2 Full Bathrooms. Large Yard Has Plenty Of Room For a Pool. 2 Car Off Street Parking Is A Huge Bonus For Old Town Key West. Just a Short Bike Ride To The Historic Seaport District And Famous Duval Street

Last Agent to Sell the Property

Tom Mclaughlin

Coldwell Banker Schmitt Real Estate Co. (KW) License #SL3286320 Listed on: 10/30/2018

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Tom Mclaughlin

Coldwell Banker Schmitt Real Estate Co. (KW) License #SL3286320 Listed on: 10/30/2018

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,263

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 5,791 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Metal Roof

Interior Spaces

  • 1,442 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Screened Patio
  • Outdoor Storage

Location

  • Ground Level

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Gwynn Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00033140-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,263

Year Built

Built in 1963 | Remodeled

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
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Median
  • State Province: FL
  • Taxes: 6263.18
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1963
  • Alternate Key Number: 1033901
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 5791.00
  • Porch Balcony: Screened Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1442.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Dryer, Disposal
  • Floor: Wood
  • Total Bedrooms: 2
  • Accessibility Features: None

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00033140-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.13

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

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
Views
77
Current Estimated Value
$1,425,436

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$125,436
Avg. Annual Appreciation
3.13%
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
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 Type Sale Price Title Company
Warranty Deed $1,300,000 --
Warranty Deed $725,000 None Listed On Document
Warranty Deed $725,000 None Listed On Document
Interfamily Deed Transfer -- Attorney
Deed $22,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $726,000 New Conventional
Previous Owner $1,200,000 Purchase Money Mortgage
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: 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 $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

    199 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: Florida Keys Board of REALTORS®

MLS Number: 582654

Florida Keys Board of REALTORS®

APN: 00033140-000000

Florida Monroe County Key West 33040 Old Town

1217 Varela St, Key West, FL

This home is located at 1217 Varela St, Key West, FL 33040 and is currently priced at $725,000, approximately $502 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.

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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