NOT LISTED FOR SALE

1223 First St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $696,838 - $1,237,000

4 Beds
2 Baths
1,500 Sq Ft
$655/Sq Ft Est. Value

Last Sold December 23, 2016

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

Est. 182% increase in value since last sale

Current estimated payment $5,991/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
Total Days on Market
96
Current Estimated Value
$983,210

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

Similar Homes in Key West, FL

  • 806 Pearl St, Key West, FL 33040

    $1,199,000

    • 4 Beds
    • 3 Baths
    • 1,504 Sq Ft
    • 806 Pearl St
    • Key West, FL

    Unleash your vision and step into endless possibilities with this two-story duplex, a blank canvas located in the prestigious Meadows neighborhood of Key West. Packed with potential, this diamond in the rough is perfect for investors, developers, or dreamers looking to craft their masterpiece in one of Key West's most desirable areas. The property is a blank slate for your imagination to design

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 2513 Staples Ave, Key West, FL 33040

    $949,000

    • 4 Beds
    • 2 Baths
    • 1,224 Sq Ft
    • 2513 Staples Ave
    • Key West, FL

    TWO MORE DAYS ON THE MARKET UNTIL IT IS TAKEN OFF COMPLETELY! Get this high income producing, 100k per year with low expenses, fully renovated duplex in Midtown Key West. This property offers flexibility for use as a vacation home, primary residence, or investment opportunity with a HIGH ROI. This duplex is a proven income generator, with detailed financial records available. The property

    Everett Watkins Keller Williams Key West Compass Realty

    Section Image
  • 319 Julia St, Key West, FL 33040

    $899,000

    • 2 Beds
    • 1 Bath
    • 936 Sq Ft
    • 319 Julia St
    • Key West, FL

    This charming Old Town property offers the perfect blend of historic character and future potential just steps from world-famous Duval Street. Rich with the classic charm of Old Key West, this property is a blank canvas waiting for your personal touch. The permitted main home features two spacious bedrooms, a bonus den that can easily function as an additional bedroom or office, a full

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 1916 Seidenberg Ave, Key West, FL 33040

    $1,169,900

    • 6 Beds
    • 2 Baths
    • 1,694 Sq Ft
    • 1916 Seidenberg Ave
    • Key West, FL

    Duplex with Solid Rent Roll ($91,800/year) - This income-producing duplex features 2 well-maintained units, each offering 3 bedrooms and 1 bathrooms. Units are rented for $3,850 and $3,800 per month on long-term leases ($91,800/year). Perfectly positioned near the coast and only a short ride from the energy of downtown.

    Kayley Arn Coldwell Banker Realty - Aventura

    Section Image
  • 1312 Catherine St, Key West, FL 33040

    $980,000

    • 2 Beds
    • 2 Baths
    • 1,095 Sq Ft
    • 1312 Catherine St
    • Key West, FL

    This charming duplex has much to offer. A great location, two very nice one bedroom, one bath units, each with their own entry and outdoor space and it's in move in condition. The first floor features a primary bedroom with Dade Pine walls and a large closet. The kitchen/living/dining area opens to the private exterior deck. Upstairs the 1/1 has high ceilings and natural light. It has a porch in

    Laura McChesney Preferred Properties (KW)

    Section Image
  • 2418 Patterson Ave, Key West, FL 33040

    $1,069,000

    • 4 Beds
    • 2 Baths
    • 1,785 Sq Ft
    • 2418 Patterson Ave
    • Key West, FL

    Investment opportunity! This Duplex features a 3 bedroom and 1 bath main home with carport, separate addresses (Front & Rear) & utilities. The 1 bed/1 bath concrete block structure is 553 square feet, built in 1958 with its own driveway and side yard. There is a small shed for extra storage. The combined (under market) rentals are just over $4,000/month with leases in effect through June 2025 in

    Andrea Weitz Island Life Realty Experts

    Section Image
  • 1210 Virginia St, Key West, FL 33040

    $1,149,000

    • 3 Beds
    • 3 Baths
    • 1,740 Sq Ft
    • 1210 Virginia St
    • Key West, FL

    Currently this is a two-story duplex in the popular Bayview Park neighborhood in Old Town. It could be converted back to the original single-family home. There are a total of three bedrooms and 2.5 baths. As currently configured, the first floor has 2 bedrooms,1.5 baths and features 9.5-foot ceilings, doors with transom windows, and hardwood floors. French doors open to the rear yard and porch.

    The Behmke Group Keller Williams Key West Compass Realty

    Section Image
  • 620 White St, Key West, FL 33040

    $1,199,000

    • 3 Beds
    • 2 Baths
    • 1,421 Sq Ft
    • 620 White St
    • Key West, FL

    This legal duplex offers fantastic potential with two separate units. The front unit is a 2-bedroom, 1-bath home and a rear unit is a 1-bedroom, 1-bath unit. The property features an in-ground pool and is ideally laid out for investment or owner-occupancy with rental income. While some work has been done, the entire property is in need of finishing renovations-- perfect for a buyer ready to

    Will Langley Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • 308 Catherine St, Key West, FL 33040

    $1,200,000

    • 2 Beds
    • 1 Bath
    • 1,171 Sq Ft
    • 308 Catherine St
    • Key West, FL

    Classic Conch Cottage Legal Duplex Needing Complete Renovation.Excellent Opportunity to Create Your Own Dream Property in the Heart of Key West. The Cottage Sits Well on the Lot with Room for a Private Pool. Very Good Existing Interior Square Footage to Work With. The Property Abuts The Louisa Street Park, a Very Green Space. Lots of Mature and Specimen Palms Towering in the Rear of the Property

    Lisa Lennon Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
See All Homes in Key West

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

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

    (850) 926-9100

    1 Total Sale

    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 $983,210, approximately $655 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.

Nearby Homes