1217 Varela St Key West, FL 33040
Old Town Neighborhood
3
Beds
2
Baths
1,442
Sq Ft
5,793
Sq Ft Lot
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!
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
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
$125,436
Avg. Annual Appreciation
3.15%
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 | 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: 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
199 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
38 Total Sales
Map
Source: Key West Association of REALTORS®
MLS Number: 603242
APN: 00033140-000000
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