NOT LISTED FOR SALE

1223 First St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $714,534 - $1,067,000

4 Beds
2 Baths
1,500 Sq Ft
$580/Sq Ft Est. Value

Last Sold December 23, 2016

Last sale price $348,600 $232 Per Sq Ft

Est. 150% increase in value since last sale

Current estimated payment $5,084/month

96 Days on Market

Highlights

  • Fruit Trees
  • Patio
  • Tile Flooring
  • No HOA
  • Shed
  • Ceiling Fan

About This Home

As of December 2016

Income Producer!!! 2 bedrooms on each side! Off street parking, travertine floors, and each unit has its own private garden area. Yes, it needs some work, buts rents are only going up, invest now. Discrepancy with year built in tax records.

Last Agent to Sell the Property

Debbie Knodle

Allison James Estates & Homes License #3341873 Listed on: 08/24/2016

Co-Listed By

Patricia Quasney

Keller Williams Key West Compass Realty License #3346367

Last Buyer's Agent

Richard Haskins

Buy The Keys (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,476

Year Built

  • Built in 1998

Lot Details

  • 7,100 Sq Ft Lot
  • Fenced
  • Fruit Trees

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Tar and Gravel Roof

Interior Spaces

  • 1,500 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows
  • Tile Flooring

Kitchen

  • Range
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Patio
  • Shed

Additional Features

  • Ground Level
  • Cooling System Mounted To A Wall/Window

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00051500-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sunshine Sub Plat 3 Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,476

Year Built

Built in 1998

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • Mandatory HOA: No
  • Document Count: 2
  • Fee Includes: None
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • Limited Representation: No
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Other Area Features
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3475.91
  • Vehicle Storage: Off Street Parking
  • Year Built: 1998
  • Alternate Key Number: 1052124
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 7100.00
  • Porch Balcony: Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1500.00
  • Sewer Hook Up: No
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Floor: Tile
  • Windows/Doors: Double Hung Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Shed, Fruit Tree(s)
  • Roof: Tar/Gravel Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE7
  • Parcel Number: 00051500-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2017
Sold by
Graham Luke
Bought by
Brown J Douglas and J Douglas Brown Trust
Current Estimated Value
$870,134

Purchase Details

Closed on
Jul 22, 2016
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Apr 7, 1998
Sold by
Chibbaro Rose A
Bought by
Panrock Robert A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,800
Interest Rate
6.95%
Mortgage Type
Commercial

Purchase Details

Closed on
Nov 1, 1983
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Nov 1, 1981
Bought by
Hsbc Bank Usa

Purchase Details

Closed on
Feb 1, 1977
Bought by
Hsbc Bank Usa
Source: Public Records

Range of Values:

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Average Value
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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
Brown J Douglas $415,000 Attorney
Hsbc Bank Usa $100 --
Panrock Robert A $204,000 --
Hsbc Bank Usa $87,000 --
Hsbc Bank Usa $72,800 --
Hsbc Bank Usa $29,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Panrock Robert A $663,750
Previous Owner Panrock Robert $5,431
Previous Owner Panrock Robert $497,000
Previous Owner Panrock Robert A $328,125
Previous Owner Panrock Robert A $10,000
Previous Owner Panrock Robert A $180,000
Previous Owner Panrock Robert A $142,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/23/2016 12/23/16 Sold $348,600 -24.2% $232 / Sq Ft
11/28/2016 11/28/16 Pending -- -- --
08/24/2016 08/24/16 For Sale $460,000 -- $307 / 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 $5,855 $670,512 $423,274 $247,238
2023 $5,855 $663,555 $418,673 $244,882
2022 $5,220 $569,473 $358,862 $210,611
2021 $4,827 $453,546 $273,748 $179,798
2020 $4,655 $451,245 $271,447 $179,798
2019 $4,259 $388,301 $205,886 $182,415
2018 $4,560 $415,073 $230,040 $185,033
2017 $4,480 $398,970 $0 $0
2016 $3,528 $334,630 $0 $0
2015 $3,476 $322,986 $0 $0
2014 $3,318 $280,101 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2016

    Debbie Knodle

    Allison James Estates & Homes

  • P

    Seller Co-Listing Agent in 2016

    Patricia Quasney

    Keller Williams Key West Compass Realty

    Section Image

  • R

    Buyer's Agent in 2016

    Richard Haskins

    Buy The Keys (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 571759

Florida Keys Board of REALTORS®

APN: 00051500-000000

Florida Monroe County Key West 33040 Mid Town

1223 First St, Key West, FL

This home is located at 1223 First St, Key West, FL 33040 since 24 August 2016 and is currently estimated at $870,134, approximately $580 per square foot. This property was built in 1998. 1223 First 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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