NOT LISTED FOR SALE

1401 Petronia St Key West, FL 33040

The Meadows Neighborhood

Estimated Value: $1,189,978 - $1,375,000

3 Beds
2 Baths
1,780 Sq Ft
$729/Sq Ft Est. Value

Last Sold June 12, 2020

Last sale price $788,000 $443 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $7,519/month

85 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • Patio
  • Wood Flooring
  • Balcony
  • Ceiling Fan

About This Home

As of June 2020

Large legal 2 story duplex located in the desirable Meadows neighborhood in Old Town. Designated X Flood zone. Room for off street parking or a small pool in the rear should you wish to convert to a Single Family home. Downstairs unit is a 2/1 - 980 sqft. Upstairs unit is an oversized 1/1- 800sqft. Property is in good condition, recently painted. Low insurances.

Last Agent to Sell the Property

Sean Farrer, P.A.

Coastline R.E. & Property Mgmt. (KW) Listed on: 02/27/2020

Last Buyer's Agent

James Smith

Florida Keys Real Estate Company (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,686

Year Built

  • Built in 1938

Lot Details

  • 2,554 Sq Ft Lot

Home Design

  • Duplex
  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,780 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00023620-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Benj Alburys Subd Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,686

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • 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: The Meadows
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 5686.40
  • Year Built: 1938
  • Alternate Key Number: 1024422
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 2554.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1780.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Refrigerator
  • Floor: Carpet, Wood
  • Windows/Doors: Double Hung Windows
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Utilities: Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00023620-000000
  • Lot Size: 81.1 x 35.5
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2020
Closed on
Jun 16, 2020
Sold by
Robert Steven Baker Revocable Trust
Bought by
Amended David M Shield and Amended Res
Seller's Agent
Sean Farrer, P.A.
Coastline R.E. & Property Mgmt. (KW)
Buyer's Agent
James Smith
Florida Keys Real Estate Company (KW)
List Price
$848,000
Sold Price
$788,000
Premium/Discount to List
-$60,000
-7.08%
Current Estimated Value
$1,297,745

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$509,745
Avg. Annual Appreciation
9.44%

Purchase Details

Closed on
Mar 15, 2002
Sold by
Robert S Baker I
Bought by
Baker Robert S Trust

Purchase Details

Closed on
Apr 24, 2000
Sold by
Baker Robert S and Freedman Maurene M
Bought by
Baker Robert S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
8.27%
Mortgage Type
Commercial

Purchase Details

Closed on
May 1, 1993
Bought by
Baker Robert Steven Revocable Trust

Purchase Details

Closed on
Apr 1, 1983
Bought by
Baker Robert Steven Revocable Trust
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
Amended David M Shield $7,930,857 None Listed On Document
Baker Robert S Trust -- --
Baker Robert S -- --
Baker Robert Steven Revocable Trust $138,000 --
Baker Robert Steven Revocable Trust $26,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Baker Robert S $165,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/12/2020 06/12/20 Sold $788,000 -7.1% $443 / Sq Ft
02/27/2020 02/27/20 For Sale $848,000 -- $476 / 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
2025 $8,399 $1,001,220 $704,158 $297,062
2024 $7,841 $1,001,716 $704,158 $297,558
2023 $7,841 $924,692 $634,419 $290,273
2022 $6,859 $757,320 $463,119 $294,201
2021 $6,456 $639,549 $384,579 $254,970
2020 $6,163 $637,145 $395,412 $241,733
2019 $5,686 $570,511 $351,941 $218,570
2018 $5,586 $596,230 $377,660 $218,570
2017 $5,554 $640,222 $0 $0
2016 $5,317 $569,531 $0 $0
2015 $4,840 $461,854 $0 $0
2014 $4,408 $361,977 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2020

    Sean Farrer, P.A.

    Coastline R.E. & Property Mgmt. (KW)

  • J

    Buyer's Agent in 2020

    James Smith

    Florida Keys Real Estate Company (KW)

  • J

    Buyer's Agent in 2020

    James Smith, Jr.

    Florida Keys Real Estate Company (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590039

Florida Keys Board of REALTORS®

APN: 00023620-000000

Florida Monroe County Key West 33040 The Meadows

1401 Petronia St, Key West, FL

Not Listed for Sale

MultiFamily

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