NOT LISTED FOR SALE

1311 7th St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $596,068 - $706,000

2 Beds
1 Bath
928 Sq Ft
$704/Sq Ft Est. Value

Last Sold March 16, 2020

Last sale price $400,000 $431 Per Sq Ft

Est. 63% increase in value since last sale

Current estimated payment $3,700/month

16 Days on Market

Highlights

  • Cathedral Ceiling
  • No HOA
  • Jalousie or louvered window
  • Granite Countertops
  • Stainless Steel Appliances
  • Storage

About This Home

As of March 2020

Heres an updated single family home in good condition with 2 bedrooms/1 bath in midtown Key West. Move in ready. Nice yard with plenty of room for outdoor dining and entertaining. Quiet neighborhood close to everything. Renovated kitchen & bath. Tiled floors in good condition. Separate laundry/storage room. Fenced yard. Make this cottage your home in Key West.

Last Agent to Sell the Property

Michelle Kirby

RE/MAX Keys Connection (KW) License #3107768 Listed on: 10/31/2019

RE/MAX Keys Connection (KW)

Last Buyer's Agent

Emily Lombard

Buy The Keys (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $2,320

Year Built

  • Built in 1943

Lot Details

  • 2,000

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 928 Sq Ft Home
  • Cathedral Ceiling
  • Jalousie or louvered window
  • French Doors
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • 2,000 Sq Ft Lot
  • Ground Level
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Key West Realty Cos Sub Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00048110-000200

Home Details

Home Type

Single Family

Est. Annual Taxes

$2,320

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 2319.90
  • Title: Negotiable
  • Year Built: 1943
  • Alternate Key Number: 8926626
  • Building Style: Ground Level
  • Lot Sq Ft: 2000.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 928.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Storage, Granite Counter Top
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Freezer, Dryer
  • Floor: Tile
  • Windows/Doors: Aluminum Windows, Jalousie Windows, French Doors
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00048110-000200
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2018

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 31, 2019
Closed on
Mar 19, 2020
Sold by
Blumin Mikhael A
Bought by
Bunnell Gregory Scott and Cress Dana Jean
Seller's Agent
Michelle Kirby
RE/MAX Keys Connection (KW)
Buyer's Agent
Emily Lombard
Buy The Keys (KW)
List Price
$465,000
Sold Price
$400,000
Premium/Discount to List
-$65,000
-13.98%
Current Estimated Value
$653,267

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$253,267
Avg. Annual Appreciation
8.99%
Original Mortgage
$388,000
Outstanding Balance
$342,225
Interest Rate
3.4%
Mortgage Type
New Conventional
Estimated Equity
$311,042

Purchase Details

Closed on
Jul 10, 2017
Sold by
Rusher Justina H
Bought by
Blumin Mikhael A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,383
Interest Rate
3.89%
Mortgage Type
FHA

Purchase Details

Listed on
May 4, 2015
Closed on
Aug 18, 2015
Sold by
Jarvis Bradley T and Montgomery Melinda
Bought by
Rusher Justina H and Blumin Mikhael A
Seller's Agent
Darrin Smith
Key West Luxury Real Estate Inc (KW)
Buyer's Agent
Jennifer Newman
Doug Mayberry Real Estate (KW)
List Price
$389,000
Sold Price
$325,000
Premium/Discount to List
-$64,000
-16.45%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.03%
Original Mortgage
$319,113
Interest Rate
3.87%
Mortgage Type
FHA

Purchase Details

Listed on
Apr 6, 2014
Closed on
Oct 31, 2014
Sold by
Cerkleski Robert
Bought by
Jarvis Bradley T and Montgomery Melinda
Seller's Agent
Louis Condos
Home Edge Inc. (KW)
Buyer's Agent
Darrin Smith
Seaport Realtors (KW)
List Price
$325,000
Sold Price
$305,000
Premium/Discount to List
-$20,000
-6.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.26%
Original Mortgage
$259,250
Interest Rate
4.29%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 27, 2013
Sold by
Wells Fargo Bank National Association
Bought by
Cerkleski Robert

Purchase Details

Closed on
Oct 30, 2013
Sold by
Casey Nicol L
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Apr 12, 2013
Sold by
Casey Nicol L and Reagan Michael W
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Mar 27, 2013
Sold by
Casey Nicol L and Reagan Michael W
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
May 11, 2011
Sold by
Reagan Michael W
Bought by
Casey Nicol L

Purchase Details

Closed on
Dec 16, 2003
Sold by
Ray Jeremy D
Bought by
Casey Nicol L and Reagan Michael W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$272,000
Interest Rate
6.8%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 11, 1999
Bought by
Rusher Justina H

Purchase Details

Closed on
Jul 1, 1998
Bought by
Rusher Justina H
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
Bunnell Gregory Scott $400,000 None Listed On Document
Blumin Mikhael A $150,000 Attorney
Rusher Justina H $325,000 Attorney
Jarvis Bradley T $305,000 None Available
Cerkleski Robert $218,704 Premium Title Services Inc
Wells Fargo Bank Na -- None Available
Wells Fargo Bank Na -- Attorney
Wells Fargo Bank Na -- None Available
Casey Nicol L -- Attorney
Casey Nicol L $340,000 --
Rusher Justina H $142,000 --
Rusher Justina H $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bunnell Gregory Scott $388,000
Previous Owner Blumin Mikhael A $325,383
Previous Owner Rusher Justina H $319,113
Previous Owner Jarvis Bradley T $259,250
Previous Owner Casey Nicol L $272,000
Closed Casey Nicol L $68,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/16/2020 03/16/20 Sold $400,000 -8.9% $431 / Sq Ft
12/19/2019 12/19/19 Price Changed $439,000 -5.6% $473 / Sq Ft
10/31/2019 10/31/19 For Sale $465,000 +43.1% $501 / Sq Ft
08/18/2015 08/18/15 Sold $325,000 -16.5% $348 / Sq Ft View Prior Sale
08/11/2015 08/11/15 Pending -- -- --
05/04/2015 05/04/15 For Sale $389,000 +27.5% $417 / Sq Ft
10/31/2014 10/31/14 Sold $305,000 -6.2% $329 / Sq Ft View Prior Sale
10/31/2014 10/31/14 Pending -- -- --
04/06/2014 04/06/14 For Sale $325,000 -- $350 / 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 $2,994 $353,882 -- --
2023 $2,994 $343,575 $0 $0
2022 $2,861 $333,568 $0 $0
2021 $2,908 $323,853 $146,370 $177,483
2020 $3,182 $339,448 $145,140 $194,308
2019 $2,835 $274,114 $142,680 $131,434
2018 $2,730 $257,475 $123,000 $134,475
2017 $2,332 $250,397 $0 $0
2016 $2,628 $269,562 $0 $0
2015 $2,346 $234,224 $0 $0
2014 $2,255 $173,295 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Michelle Kirby

    Seller's Agent in 2020

    Michelle Kirby

    RE/MAX

    1 in this area

    5 Total Sales

    Michelle Kirby
    Section Image

  • E

    Buyer's Agent in 2020

    Emily Lombard

    Buy The Keys (KW)

  • Darrin Smith

    Seller's Agent in 2015

    Darrin Smith

    Key West Luxury Real Estate Inc (KW)

    (305) 849-8683

    11 in this area

    77 Total Sales

    Darrin Smith
    Section Image

  • J

    Buyer's Agent in 2015

    Jennifer Newman

    Doug Mayberry Real Estate (KW)

  • B

    Buyer Co-Listing Agent in 2015

    Bobby Ciulla

    Doug Mayberry Real Estate (KW)

  • L

    Seller's Agent in 2014

    Louis Condos

    Home Edge Inc. (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 588218

Florida Keys Board of REALTORS®

APN: 00048110-000200

Florida Monroe County Key West 33040 Mid Town

1311 7th St, Key West, FL

Not Listed for Sale

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