NOT LISTED FOR SALE

Estimated Value: $1,201,000 - $1,426,000

4 Beds
4 Baths
2,016 Sq Ft
$658/Sq Ft Est. Value

Last Sold July 12, 2019

Last sale price $725,000 $360 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $7,788/month

301 Days on Market

Highlights

  • Home fronts a canal
  • Balcony
  • Outdoor Shower
  • No HOA
  • Shutters
  • 1-minute walk to The Park

About This Home

As of July 2019

Waterfront/80 ft. on canal with access to backcountry or ocean for great boating/diving/fishing. Legal duplex with strong rental earning potential for yr-round or seasonal rentals. Great investment property! Similar properties are renting for $2500 (per unit) on annual/unfurnished basis. Located at MM 10.5 for easy access to town/restaurants/ theaters/ attractions, etc. 2 bedroom, 2 bath on each side. Guest bedroom has en-suite bath. New metal roof. New A/C unit on owner's side. Lot is 80' x 100' with deck and covered/off-street parking. Raised exterior decks overlooking canal are great for entertaining. Ample storage. Original owner. Owner's side lightly used/never rented. Current tenant is on month-to-month lease. Recently reduced to current list price. Appraisal avail

Last Agent to Sell the Property

Jack Grayson

Seminole Realty Inc License #33480 Listed on: 07/13/2018

Last Buyer's Agent

Stephen Hammond

Key West Real Estate Sales (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,569

Year Built

  • Built in 1984

Lot Details

  • 8,000 Sq Ft Lot
  • Home fronts a canal

Parking

  • Covered Parking

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,016 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Single Hung Windows
  • Blinds
  • Sliding Doors
  • Canal Views
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Disposal

Flooring

  • Carpet
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Outdoor Features

  • Outdoor Shower
  • Balcony

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 00155670-000000

Community Details

Overview

  • No Home Owners Association
  • Porpoise Pt Sec 4 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,569

Year Built

Built in 1984

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Voluntary HOA: No
  • Control Depth: 30
  • Document Count: 2
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Big Coppitt
  • Limited Representation: No
  • Mile Marker: 10.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: FHA
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 4568.84
  • Title: Negotiable
  • Vehicle Storage: Covered Parking
  • Year Built: 1984
  • Alternate Key Number: 1201103
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 8000.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Bahama
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2016.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Smoke Alarms
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Disposal, Oven, Refrigerator, Range, Microwave
  • Floor: Carpet, Tile, Laminate
  • Windows/Doors: Aluminum Windows, Single Hung Windows, Sliding Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame
  • Exterior Features: Outdoor Shower
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: Cable Available, Water Separate Meter, Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00155670-000000
  • Lot Size: 80 X 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.18

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 25, 2023
Sold by
Paolucci Jamie M and Paolucci Anthony O
Bought by
Paolucci Jamie M and Paolucci Anthony O
Total Days on Market
301
Current Estimated Value
$1,326,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$840,000
Interest Rate
6.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 13, 2022
Sold by
Treelight Llc
Bought by
Paolucci Jamie M and Paolucci Anthony D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
5.3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 13, 2018
Closed on
Jul 8, 2019
Sold by
Grayson John W and Grayson Andrea
Bought by
Treelight Llc
Seller's Agent
Jack Grayson
Seminole Realty Inc
Buyer's Agent
Stephen Hammond
Key West Real Estate Sales (KW)
List Price
$810,000
Sold Price
$725,000
Premium/Discount to List
-$85,000
-10.49%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
10.59%
Original Mortgage
$543,750
Interest Rate
3.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 31, 2015
Sold by
Grayson John W
Bought by
Grayson John W and Grayson Andrea

Purchase Details

Closed on
Nov 12, 2012
Sold by
Grayson Thomas N
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Apr 1, 1983
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Aug 1, 1982
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Mar 1, 1982
Bought by
Grayson Thomas N and Grayson Darlene E

Purchase Details

Closed on
Apr 1, 1981
Bought by
Grayson Thomas N and Grayson Darlene E
Source: Public Records

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Range of Values:

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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
Paolucci Jamie M -- None Listed On Document
Paolucci Jamie M $550,000 Spottswood Spottswood Spottswo
Treelight Llc $725,000 Attorney
Grayson John W -- Attorney
Grayson Thomas N -- Attorney
Grayson Thomas N $25,000 --
Grayson Thomas N $12,500 --
Grayson Thomas N $25,000 --
Grayson Thomas N $5,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paolucci Jamie M $650,000
Closed Paolucci Jamie M $840,000
Previous Owner Paolucci Jamie M $550,000
Previous Owner Treelight Llc $543,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/12/2019 07/12/19 Sold $725,000 0.0% $360 / Sq Ft
07/12/2019 07/12/19 Sold $725,000 -3.2% $360 / Sq Ft
05/10/2019 05/10/19 Pending -- -- --
05/10/2019 05/10/19 Pending -- -- --
02/08/2019 02/08/19 Price Changed $749,000 -5.1% $372 / Sq Ft
11/20/2018 11/20/18 Price Changed $789,000 -2.6% $391 / Sq Ft
07/13/2018 07/13/18 For Sale $810,000 0.0% $402 / Sq Ft
06/13/2018 06/13/18 For Sale $810,000 -- $402 / 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 $9,016 $1,016,998 $536,000 $480,998
2023 $9,016 $957,571 $488,000 $469,571
2022 $6,972 $782,726 $308,000 $474,726
2021 $6,472 $619,010 $220,000 $399,010
2020 $6,325 $597,825 $210,000 $387,825
2019 $5,194 $474,000 $208,000 $266,000
2018 $5,682 $455,990 $204,020 $251,970
2017 $5,885 $482,785 $0 $0
2016 $5,849 $469,508 $0 $0
2015 $5,746 $462,071 $0 $0
2014 $5,388 $381,942 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 581052

Florida Keys Board of REALTORS®

APN: 00155670-000000