NOT LISTED FOR SALE

1218 Packer St Unit Rear Key West, FL 33040

Old Town Neighborhood

Estimated Value: $769,345 - $1,029,000

2 Beds
1 Bath
578 Sq Ft
$1,549/Sq Ft Est. Value

Last Sold February 26, 2024

Last sale price $799,000 $1,382 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $5,311/month

41 Days on Market

Highlights

  • Key West Architecture
  • Wood Flooring
  • Granite Countertops
  • Cathedral Ceiling
  • Furnished
  • 5-minute walk to Gato Village Pocket Park

About This Home

As of February 2024

This pied-a-terre located in the X flood zone was fully renovated in 2013. It has been lovingly maintained as a winter home since and features two bedrooms and one bathroom. The hidden gem is elegantly furnished, meticulously maintained, and designed for comfort. As you step behind the gate into this haven, you'll immediately sense the warmth of the space. The home is offered turnkey with exquisite taste and attention to detail. Custom wood cabinets complement the black granite counters in the kitchen and bathroom, bamboo flooring extends throughout the home, cathedral ceilings and recessed lighting in every room, and ductless AC units. Outside, an oasis awaits, featuring inviting living areas on both the front porch and back patio that are accessed by French doors from the living room and both bedrooms. These spaces provide perfect spots to unwind, entertain guests, or simply bask in the island's sunshine while enjoying the serene surroundings.While situated in a quiet street, this home offers the best of both worlds, being conveniently close to all the action that Key West has to offer. Enjoy easy access to the city's attractions, dining, and entertainment, while relishing the privacy and peace of this tranquil setting.Discover the allure of Key West living with this secluded conch cottage. Don't miss the chance to make this serene yet centrally located property your new home.

Last Agent to Sell the Property

Jimmy Lane

Island Life Realty Experts License #664783 Listed on: 12/26/2023

Last Buyer's Agent

Robert Donahue

Key West Luxury Real Estate Inc (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,726

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 1,550 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 578 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Shutters
  • Blinds
  • Utility Room
  • Wood Flooring
  • Impact Glass

Kitchen

  • Oven
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Water Feature
  • Shed

Utilities

  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Gg Watson Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00031990-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,726

Year Built

Built in 1958 | 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
  • Document Count: 2
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: VA
  • Side: Median
  • State Province: FL
  • Taxes: 3726.30
  • Title: Negotiable
  • Year Built: 1958
  • Alternate Key Number: 1032778
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1550.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 578.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top, Cathedral Ceilings
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Wood
  • Specialty Rooms: Utility Room
  • Windows/Doors: Other Windows/Doors, Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Shed, Water Display, Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00031990-000000
  • Lot Size: 31 X 50
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 26, 2023
Closed on
Feb 26, 2024
Sold by
Mullin Peter Christopher and Mullin Sandra Ruth
Bought by
Jacobs George
Seller's Agent
Jimmy Lane
Island Life Realty Experts
Buyer's Agent
Robert Donahue
Key West Luxury Real Estate Inc (KW)
List Price
$799,000
Sold Price
$799,000
Total Days on Market
41
Views
69
Current Estimated Value
$895,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$96,086
Avg. Annual Appreciation
9.13%
Original Mortgage
$799,000
Outstanding Balance
$789,481
Interest Rate
6.6%
Mortgage Type
VA
Estimated Equity
$105,605

Purchase Details

Listed on
Feb 25, 2013
Closed on
Feb 25, 2013
Sold by
Cardenas Jeffrey J
Bought by
Mullin Peter Christopher and Brooks Sandra Ruth
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Fred Mullins
Another Real Estate Company
List Price
$249,000
Sold Price
$249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.17%

Purchase Details

Listed on
Feb 25, 2013
Closed on
Jan 11, 2013
Sold by
Lynch Shannon C and Cardenas Jeffrey J
Bought by
Cardenas Jeffrey J
Seller's Agent
Fred Mullins
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Fred Mullins
Another Real Estate Company
List Price
$249,000
Sold Price
$249,000

Purchase Details

Closed on
Jan 25, 2008
Sold by
Huck Finn Llc
Bought by
Cardenas Jeffrey J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,000
Interest Rate
6.06%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 13, 2002
Bought by
Mullin Peter Christopher

Purchase Details

Closed on
Mar 1, 1991
Bought by
Mullin Peter Christopher

Purchase Details

Closed on
Aug 1, 1985
Bought by
Mullin Peter Christopher

Purchase Details

Closed on
Dec 1, 1978
Bought by
Mullin Peter Christopher
Source: Public Records

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Range of Values:

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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
Jacobs George $799,000 None Listed On Document
Mullin Peter Christopher $249,000 Attorney
Cardenas Jeffrey J $126,100 None Available
Cardenas Jeffrey J -- None Available
Mullin Peter Christopher $165,000 --
Mullin Peter Christopher $97,500 --
Mullin Peter Christopher $48,500 --
Mullin Peter Christopher $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jacobs George $799,000
Previous Owner Lynch Shannon C $115,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/26/2024 02/26/24 Sold $799,000 0.0% $1,382 / Sq Ft
02/07/2024 02/07/24 For Sale $799,000 0.0% $1,382 / Sq Ft
02/05/2024 02/05/24 Pending -- -- --
02/02/2024 02/02/24 Pending -- -- --
01/30/2024 01/30/24 Price Changed $799,000 -11.1% $1,382 / Sq Ft
12/26/2023 12/26/23 For Sale $899,000 +261.0% $1,555 / Sq Ft
02/25/2013 02/25/13 Sold $249,000 0.0% $351 / Sq Ft
02/25/2013 02/25/13 Pending -- -- --
02/25/2013 02/25/13 For Sale $249,000 -- $351 / Sq Ft
Source: Marathon and Lower Keys 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 $3,726 $496,097 $366,660 $129,437
2023 $3,726 $440,058 $318,934 $121,124
2022 $3,333 $384,697 $274,238 $110,459
2021 $3,056 $300,176 $204,542 $95,634
2020 $3,234 $322,026 $224,239 $97,787
2019 $3,072 $301,065 $221,604 $79,461
2018 $3,101 $298,656 $217,042 $81,614
2017 $3,075 $300,809 $0 $0
2016 $3,079 $304,015 $0 $0
2015 $2,918 $277,992 $0 $0
2014 $2,606 $210,465 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jimmy Lane

    Island Life Realty Experts

  • R

    Buyer's Agent in 2024

    Robert Donahue

    Key West Luxury Real Estate Inc (KW)

    (305) 742-1569

    10 in this area

    27 Total Sales

    Robert Donahue
    Section Image

  • D

    Buyer's Agent in 2024

    Donahue & Pavlova Gr

    Keller Williams Key West Compass Realty

  • Fred Mullins

    Seller's Agent in 2013

    Fred Mullins

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-5341

    6 in this area

    82 Total Sales

    Fred Mullins
    Section Image

  • F

    Buyer's Agent in 2013

    Fred Mullins, PA

    Coldwell Banker Schmitt RE Co. Lower Keys Office

See All Agents

Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 607925

APN: 00031990-000000

Florida Monroe County Key West 33040 Old Town

1218 Packer St Unit Rear, Key West, FL

This home is located at 1218 Packer St Unit Rear, Key West, FL 33040 since 26 December 2023 and is currently estimated at $895,086, approximately $1,548 per square foot. This property was built in 1958. 1218 Packer St Unit Rear is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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