NOT LISTED FOR SALE

1225 5th St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $829,000 - $948,000

3 Beds
2 Baths
1,412 Sq Ft
$619/Sq Ft Est. Value

Last Sold October 30, 2024

Last sale price $850,000 $602 Per Sq Ft

Est. 3% increase in value since last sale

Current estimated payment $4,535/month

50 Days on Market

About This Home

As of October 2024

Homeownership dreams do come true! This turnkey, move-in ready home with three bedrooms and two bathrooms is located on a spacious 5,000-square-foot corner lot in Midtown. The many upgrades include a new roof, AC, impact windows, beautiful kitchen granite countertops with stainless appliances, and ceramic wood plank look tiles throughout. The attached garage is currently used as a workshop and has off-street parking. Lots of storage! Another large parking area houses a motorhome and can easily be converted to boat storage or tiki area. CBS construction and artificial grass with low maintenance provide more time to enjoy the local living in paradise at its finest. Easy to show and priced to sell quickly!

Last Agent to Sell the Property

Rebecca Lacey

Coldwell Banker Schmitt Real Estate Co. (KW) License #3578422 Listed on: 08/08/2024

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Thomas Mack

SBX Real Estate, LLC (KW)

Home Details

Home Type

Single Family

Year Built

1963

Lot Details

4,792 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 466.66
  • Year Built: 1963
  • Alternate Key Number: 1050903
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 5000.00
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1412.00
  • G F Interior Features: Tankless Hot Wtr Htr
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00050300-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 8, 2024
Closed on
Oct 30, 2024
Sold by
Delatte Thomas C and Delatte Tammie B
Bought by
Island Properties Key West Llc
Seller's Agent
Rebecca Lacey
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Thomas Mack
SBX Real Estate, LLC (KW)
List Price
$899,000
Sold Price
$850,000
Premium/Discount to List
-$49,000
-5.45%
Views
11
Current Estimated Value
$873,343

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$23,343
Avg. Annual Appreciation
2.03%
Original Mortgage
$637,500
Interest Rate
6.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 15, 2019
Closed on
Dec 30, 2019
Sold by
Cooper Melissa L
Bought by
Delatte Thomas C and Delatte Tammie B
Seller's Agent
Tonya Cabanas
Truman & Co. (KW)
Buyer's Agent
Jimmy Lane
Century 21 Schwartz Realty (KW)
List Price
$686,000
Sold Price
$526,000
Premium/Discount to List
-$160,000
-23.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.40%

Purchase Details

Closed on
Jun 23, 2015
Sold by
Rodriguez Caridad Mercedes
Bought by
Cooper Melissa L and Cervantes Tabitha Rose

Purchase Details

Closed on
Apr 25, 2012
Sold by
Cooper Melissa L and Planell Melissa L
Bought by
Cooper Melissa L and Cervantes Tabitha Rose

Purchase Details

Closed on
Sep 8, 2011
Bought by
Cooper Melissa L

Purchase Details

Closed on
May 29, 2002
Sold by
Lutgarda F Kerr I
Bought by
Monroe Cnty Comprehensive Plan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Island Properties Key West Llc $850,000 None Listed On Document
Delatte Thomas C $526,000 None Listed On Document
Cooper Melissa L -- Attorney
Cooper Melissa L -- Attorney
Cooper Melissa L $100 --
Monroe Cnty Comprehensive Plan $2,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Island Properties Key West Llc $637,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
10/30/2024 10/30/24 Sold $850,000 -5.5% $602 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/26/2024 09/26/24 For Sale $899,000 0.0% $637 / Sq Ft
08/28/2024 08/28/24 Pending -- -- --
08/08/2024 08/08/24 For Sale $899,000 +70.9% $637 / Sq Ft
12/27/2019 12/27/19 Sold $526,000 -23.3% $373 / Sq Ft View Prior Sale
01/15/2019 01/15/19 For Sale $686,000 -- $486 / Sq Ft
Source: Key West Association of REALTORS®

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
2025 $479 $706,789 $412,250 $294,539
2024 $467 $472,002 -- --
2023 $467 $458,255 $0 $0
2022 $447 $444,908 $0 $0
2021 $428 $431,950 $252,875 $179,075
2020 $422 $432,285 $250,750 $181,535
2019 $4,109 $418,647 $246,500 $172,147
2018 $3,898 $387,107 $212,500 $174,607
2017 $3,826 $372,334 $0 $0
2016 $3,806 $349,720 $0 $0
2015 $3,766 $335,447 $0 $0
2014 $4,068 $361,526 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Rebecca Lacey

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (910) 233-2952

    3 in this area

    4 Total Sales

    Rebecca Lacey
    Section Image

  • T

    Buyer's Agent in 2024

    Thomas Mack

    SBX Real Estate, LLC (KW)

  • T

    Buyer's Agent in 2024

    Tommy Mack

    Buy The Keys (KW)

  • Tonya Cabanas

    Seller's Agent in 2019

    Tonya Cabanas

    Truman & Co. (KW)

    (305) 923-8643

    8 in this area

    57 Total Sales

    Tonya Cabanas
    Section Image

  • J

    Buyer's Agent in 2019

    Jimmy Lane

    Century 21 Schwartz Realty (KW)

  • D

    Buyer Co-Listing Agent in 2019

    Danielle Harris

    eXp Realty LLC

    (305) 395-2784

    13 Total Sales

    Danielle Harris
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 611037

Key West Association of REALTORS®

APN: 00050300-000000

Florida Monroe County Key West 33040 Mid Town

1225 5th St, Key West, FL

Not Listed for Sale

Detached

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