$850,000
SOLD OCT 30, 2024

1225 5th St Key West, FL 33040

Mid Town Neighborhood
3 Beds
2 Baths
1,412 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$602 Per Sq Ft

5% Below List Price

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

Coastal Collection Real Estate Inc. License #3578422 Listed on: 08/08/2024

Last Buyer's Agent

Thomas Mack

SBX Real Estate, LLC (KW)

Home Details

Home Type

Single Family

Est. Annual Taxes

$467

Year Built

1963

Lot Details

0

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
Coastal Collection Real Estate Inc.
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
$852,598

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,598
Avg. Annual Appreciation
0.32%
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%
Original Mortgage
$0
Interest Rate
3.7%
Mortgage Type
VA

Purchase Details

Listed on
Jan 15, 2019
Closed on
Dec 27, 2019
Sold by
Cooper Melissa L and Cervantes Tabitha Rose
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.
Original Mortgage
$0
Interest Rate
3.7%
Mortgage Type
VA

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:

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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
Warranty Deed $850,000 None Listed On Document
Warranty Deed $526,000 None Listed On Document
Warranty Deed $526,000 None Listed On Document
Quit Claim Deed -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $100 --
Warranty Deed $2,300 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $637,500 New Conventional
Previous Owner $0 VA
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 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 $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

    Coastal Collection Real Estate Inc.

    (910) 233-2952

    2 in this area

    3 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

    10 in this area

    59 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

    14 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

This home is located at 1225 5th St, Key West, FL 33040 and is currently priced at $850,000, approximately $601 per square foot. This property was built in 1963. 1225 5th St is a home located in Monroe County with nearby schools including Poinciana Elementary 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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