$620,000
SOLD MAR 15, 2024

1220 Newton St Unit 5 Key West, FL 33040

The Meadows Neighborhood
4 Beds
2 Baths
1,448 Sq Ft
2,875 Sq Ft Lot

Recently Sold

$428 Per Sq Ft

22% Below List Price

234 Days on Market

About This Home

As of March 2024

Discover your dream home at 1220 Newton Street #5, nestled in the charming Meadows neighborhood of Key West. This exquisite 4-bedroom, 2-bath condo spans the 2nd and 3rd floors of a classic conch house, boasting 10-foot ceilings and original hardwood floors. Recently upgraded with a new roof in 2021 and benefitting from low HOA fees, this residence is a perfect blend of modern convenience and historic charm. Situated in the desirable X flood zone, it's an ideal haven for both full-time residents and seasonal investors.

Last Agent to Sell the Property

Forrest Shearin

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3552813 Listed on: 06/15/2023

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Bobby Coe

RE/MAX Keys Connection (KW) License #3428120

RE/MAX Keys Connection (KW)

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,938

Year Built

1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • Additional Assessor Parcel Number 1: 00022900-000205
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 774.00
  • Mandatory HOA: Yes
  • Fee Includes: Sewer, Common Area Mnt, Building Insurance, Bldg Exterior Mnt, Water, Exterminating
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: The Meadows
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Median
  • State Province: FL
  • Taxes: 5195.27
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 9012554
  • Building Style: Conch
  • Cooling Heating: Wall/Window Unit(s), Ductless, Ceiling Fans(s)
  • Association Maintenance Fee Per: Monthly
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1448.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Range, Refrigerator
  • Floor: Tile, Carpet, Wood
  • Windows/Doors: Single Hung Windows, Wood Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer
  • Heating: Ductless, Hot Water

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,0.2 PCT ANNUAL CH
  • Parcel Number: 00022900-000205
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 5.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2025
Sold by
Mccarthy Matthew Joseph and Gimenez Alfredo
Bought by
Mccarthy Matthew Joseph
Current Estimated Value
$817,916

Purchase Details

Listed on
Jun 15, 2023
Closed on
Mar 18, 2024
Sold by
Clerk Of Court
Bought by
Indymac Indx Mtg Loan Trust
Seller's Agent
Forrest Shearin
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
List Price
$799,000
Sold Price
$620,000
Premium/Discount to List
-$179,000
-22.4%
Views
1295

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
26.59%

Purchase Details

Listed on
Jun 15, 2023
Closed on
Mar 15, 2024
Sold by
Jangraw Justin and Jangraw Heather
Bought by
Mccarthy Matthew Joseph and Gimenez Alfredo
Seller's Agent
Forrest Shearin
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
List Price
$799,000
Sold Price
$620,000
Premium/Discount to List
-$179,000
-22.4%
Views
1295

Purchase Details

Listed on
Aug 28, 2015
Closed on
Sep 7, 2016
Sold by
Sheedy Rober M and Kushner Marina
Bought by
Jangraw Heather and Jangraw Justin
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Lori Langton
Bascom Grooms Real Estate (KW)
List Price
$449,000
Sold Price
$415,000
Premium/Discount to List
-$34,000
-7.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.48%
Original Mortgage
$394,250
Interest Rate
3.48%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 2, 2004
Sold by
Csigi Marianne L
Bought by
Sheedy Robert M and Kushner Marina

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$355,500
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 21, 2002
Sold by
Marianne Csigi I
Bought by
Lucas David C and Tidd Richard W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$36,800
Interest Rate
7.12%
Mortgage Type
New Conventional
Source: Public Records

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 Type Sale Price Title Company
Quit Claim Deed $225,400 None Listed On Document
Contract Of Sale -- --
Warranty Deed $620,000 None Listed On Document
Warranty Deed $415,000 None Available
Warranty Deed $395,000 Chicago Title Of The Florida
Warranty Deed $184,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $70,000 Construction
Previous Owner $394,250 New Conventional
Previous Owner $199,000 Credit Line Revolving
Previous Owner $355,500 Purchase Money Mortgage
Previous Owner $36,800 New Conventional
Closed $0 Balloon
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2024 03/15/24 Sold $620,000 -11.3% $428 / Sq Ft
01/23/2024 01/23/24 Price Changed $699,000 -4.1% $483 / Sq Ft
01/15/2024 01/15/24 Price Changed $729,000 -3.3% $503 / Sq Ft
12/06/2023 12/06/23 Price Changed $754,000 -2.6% $521 / Sq Ft
11/01/2023 11/01/23 Price Changed $774,000 +2.7% $535 / Sq Ft
11/01/2023 11/01/23 Price Changed $754,000 -5.6% $521 / Sq Ft
06/15/2023 06/15/23 For Sale $799,000 +92.5% $552 / Sq Ft
09/07/2016 09/07/16 Sold $415,000 -7.6% $287 / Sq Ft
06/04/2016 06/04/16 Pending -- -- --
08/28/2015 08/28/15 For Sale $449,000 -- $310 / Sq Ft
Source: Key West 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 $5,938 $738,999 -- $738,999
2023 $5,938 $700,741 $0 $700,741
2022 $5,195 $580,653 $0 $580,653
2021 $4,985 $520,381 $0 $520,381
2020 $4,967 $520,381 $0 $520,381
2019 $3,131 $353,208 $0 $353,208
2018 $3,593 $353,208 $0 $0
2017 $3,230 $353,208 $0 $0
2016 $4,412 $453,121 $0 $0
2015 $4,498 $449,971 $0 $0
2014 $3,950 $360,552 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • F

    Seller's Agent in 2024

    Forrest Shearin

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (804) 241-4231

    1 in this area

    4 Total Sales

    Forrest Shearin
    Section Image
  • Bobby Coe

    Buyer's Agent in 2024

    Bobby Coe

    RE/MAX

    (305) 363-9665

    3 in this area

    130 Total Sales

    Bobby Coe
    Section Image

  • B

    Buyer's Agent in 2024

    Bobby Coe IV

    Coastal Collection Real Estate Inc.

  • Bascom Grooms

    Seller's Agent in 2016

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    7 in this area

    318 Total Sales

    Bascom Grooms
    Section Image

  • L

    Buyer's Agent in 2016

    Lori Langton

    Bascom Grooms Real Estate (KW)

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 605729

Key West Association of REALTORS®

APN: 00022900-000205

Florida Monroe County Key West 33040 The Meadows

1220 Newton St Unit 5, Key West, FL

This home is located at 1220 Newton St Unit 5, Key West, FL 33040 and is currently priced at $620,000, approximately $428 per square foot. This property was built in 1938. 1220 Newton St Unit 5 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.

Key West Association 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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