NOT LISTED FOR SALE

1219 Flagler Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $852,526 - $1,587,000

4 Beds
3 Baths
2,066 Sq Ft
$575/Sq Ft Est. Value

Last Sold March 10, 2022

Last sale price $800,000 $387 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $7,376/month

71 Days on Market

About This Home

As of March 2022

Great opportunity to own an investment property in Key West! This triplex is centrally located near Old Town & New Town within just a short bike ride or walking distance to the beaches, grocery stores, government buildings, restaurants & much more! The property has 3 units total, 2 units upstairs consists of 1 Bedroom/1 Bath in each unit and the downstairs unit has a 2 Bedroom/1 Bath. Ample off street parking is also available. All tenants are on a month to month lease. Property is need of renovations. Either keep the current structure or tear down & build new! Due to tenants in place a 24 hour minimum notice is required to show. Please contact listing agents for further information.

Last Listed By

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-395-2360 Listed on: 07/28/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,512

Year Built

  • Built in 1940

Lot Details

  • 4,563 Sq Ft Lot

Home Design

  • 2,066 Sq Ft Home
  • Frame Construction
  • Shingle Roof

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 3 Parking Spaces
  • Off-Street Parking

Utilities

  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00040480-000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Tropical Bldt & Investment Co Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,512

Year Built

Built in 1940

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 5512.16
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 3
  • Year Built: 1940
  • Alternate Key Number: 1041190
  • Lot Sq Ft: 4563.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2066.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-395-2360
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Washer
  • Total Bedrooms: 4
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Frame, Combo Construction
  • Roof: Shingle Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00040480-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 28, 2021
Closed on
Mar 10, 2022
Sold by
Acevedo Daniel R and Acevedo Roberta E
Bought by
Choru Khushi Properties Llc
Seller's Agent
Team Spottswood/Vazquez
Truman & Co. (KW)
Buyer's Agent
Avinash Jagasia
Coldwell Banker Residential R.E.
List Price
$1,499,000
Sold Price
$800,000
Premium/Discount to List
-$699,000
-46.63%
Total Days on Market
71
Current Estimated Value
$1,188,132

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$388,132
Avg. Annual Appreciation
9.70%
Original Mortgage
$640,000
Outstanding Balance
$605,378
Interest Rate
3.92%
Mortgage Type
New Conventional
Estimated Equity
$472,545

Purchase Details

Closed on
Jan 1, 1901
Sold by
Acevedo Elena
Bought by
Acevedo Daniel

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
Choru Khushi Properties Llc $800,000 Closing Department Inc
Acevedo Daniel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Choru Khushi Properties Llc $640,000
Previous Owner Acevedo Daniel R $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/10/2022 03/10/22 Sold $800,000 0.0% $387 / Sq Ft
09/30/2021 09/30/21 Price Changed $800,000 -20.4% $387 / Sq Ft
08/17/2021 08/17/21 Price Changed $1,004,800 -33.0% $486 / Sq Ft
07/28/2021 07/28/21 For Sale $1,499,000 -- $726 / 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 $8,705 $936,233 $631,665 $304,568
2023 $8,705 $873,611 $576,207 $297,404
2022 $6,353 $707,234 $409,830 $297,404
2021 $5,674 $501,346 $270,714 $230,632
2020 $5,512 $486,306 $255,674 $230,632
2019 $5,486 $479,971 $245,745 $234,226
2018 $5,343 $489,279 $255,053 $234,226
2017 $5,177 $487,418 $0 $0
2016 $5,174 $488,591 $0 $0
2015 $4,913 $434,916 $0 $0
2014 $4,355 $298,351 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Team Spottswood/Vazquez

    Seller's Agent in 2022

    Team Spottswood/Vazquez

    Truman & Co. (KW)

    (305) 395-1777

    49 in this area

    354 Total Sales

    Team Spottswood/Vazquez
    Section Image
  • Terri Spottswood

    Seller Co-Listing Agent in 2022

    Terri Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    48 in this area

    352 Total Sales

    Terri Spottswood
    Section Image
  • Avinash Jagasia

    Buyer's Agent in 2022

    Avinash Jagasia

    Coldwell Banker Residential R.E.

    (786) 690-4270

    2 in this area

    14 Total Sales

    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597079

Florida Keys Board of REALTORS®

APN: 00040480-000000

Florida Monroe County Key West 33040 Mid Town

1219 Flagler Ave, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1219 Flagler Ave, Key West, FL 33040 since 28 July 2021 and is currently estimated at $1,188,132, approximately $575 per square foot. This property was built in 1940. 1219 Flagler Ave 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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