NOT LISTED FOR SALE

1401 Simonton St Unit 23 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $955,635

2 Beds
2.5 Baths
907 Sq Ft
$1,151/mo HOA Fee

Last Sold December 07, 2021

Last sale price $840,000 $926 Per Sq Ft

Est. 14% increase in value since last sale

Current estimated payment $7,109/month

557 Days on Market

Highlights

  • 50,310 Sq Ft lot
  • Furnished
  • Stainless Steel Appliances
  • Lanai
  • Granite Countertops
  • 3-minute walk to Key West Dog Beach

About This Home

As of December 2021

Stunning Income Producing Resort Condominium in Old Town Key West.Perfect for 1031 Exchange. Rated #4 out of 51 Hotels in Key West on Trip Advisor. One Block From Famous Duval Street! This 2 Bedroom and 2.5 Bath Contemporary Luxury Condominium Includes A Rarely Offered City Of Key West Transient Rental License that Allows For Nightly Vacation Rentals That Produces Excellent Income. The Main Level Has a Stylish Gourmet Kitchen, 2 Balconies, One Overlooking The Pool, Living Area and a Powder Room. Upper Level Has 2 Bedrooms With Designer Baths and Balcony with Pool Views. Enjoy Key West's Finest Sushi On Site At Ambrosia Japanese Restaurant. Amenities Include 2 Heated Pools, Lush Tropical Grounds, Beach Access With Beach Chairs, Umbrellas,Towels,24 Hour Concierge, Parking and Fitness Room

Last Listed By

Tom Mclaughlin

Coldwell Banker Schmitt Real Estate Co. (KW) License #SL3286320 Listed on: 05/07/2020

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,208

Year Built

  • Built in 2006

Lot Details

  • 1.15

HOA Fees

  • $1,151 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Pre-Cast Concrete Construction

Interior Spaces

  • 907 Sq Ft Home
  • 3-Story Property
  • Furnished
  • Ceiling Fan
  • Blinds
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Split Bedroom Floorplan

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Outdoor Features

  • Outdoor Shower
  • Balcony
  • Lanai
  • Exterior Lighting

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 1

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Old Town Condos Subdivision

Amenities

  • Lobby

Pet Policy

  • Pet Restriction: YES

Security

  • Impact Glass
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,208

Year Built

Built in 2006

Lot Details

0

HOA Fees

$1,151 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: Yes
  • Association Fee: 1151.44
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5207.51
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 2006
  • Alternate Key Number: 9087708
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 50310.00
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 907.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 3

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Split Bedroom, Smoke Alarms, Granite Counter Top, Lobby, Drapes/Blinds Incl
  • Floor Number: 2.00
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Oven, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Microwave, Dryer
  • Floor: Tile
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Concrete
  • Exterior Features: Lanai, Outdoor Shower, Lighting
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE,AE
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 7, 2020
Closed on
Dec 6, 2021
Sold by
Riggs Charles D and Riggs Linda C
Bought by
Jw Cromwell Llc
Seller's Agent
Tom Mclaughlin
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Christopher Scott,PA
Expert Realty LLC (HQ)
List Price
$900,000
Sold Price
$840,000
Premium/Discount to List
-$60,000
-6.67%
Total Days on Market
557
Current Estimated Value
$955,635

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$115,635
Avg. Annual Appreciation
3.89%

Purchase Details

Closed on
Mar 2, 2007
Sold by
Santa Maria Resort Inc
Bought by
Riggs Charles D and Riggs Linda C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.22%
Mortgage Type
Unknown

Range of Values:

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Average Value
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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
Jw Cromwell Llc $840,000 Attorney
Riggs Charles D $1,275,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Riggs Charles D $1,000,000
Previous Owner Riggs Charles D $1,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/07/2021 12/07/21 Sold $840,000 -6.7% $926 / Sq Ft
05/07/2020 05/07/20 For Sale $900,000 -- $992 / 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 $7,914 $950,584 -- $950,584
2023 $7,914 $950,584 $0 $950,584
2022 $6,890 $780,779 $0 $780,779
2021 $5,455 $574,048 $0 $574,048
2020 $5,435 $574,048 $0 $574,048
2019 $5,424 $567,922 $0 $567,922
2018 $5,181 $529,446 $529,446 $0
2017 $5,267 $529,446 $0 $0
2016 $5,552 $529,446 $0 $0
2015 $5,485 $529,446 $0 $0
2014 $5,104 $450,785 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • T

    Seller's Agent in 2021

    Tom Mclaughlin

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 296-7727

    11 in this area

    38 Total Sales

    Tom Mclaughlin
    Section Image

  • C

    Buyer's Agent in 2021

    Christopher Scott,PA

    Expert Realty LLC (HQ)

    (305) 340-8080

    6 in this area

    40 Total Sales

    Christopher Scott,PA
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590803

Florida Keys Board of REALTORS®

APN: 00036231-002300

Florida Monroe County Key West 33040 Old Town

1401 Simonton St Unit 23, Key West, FL

Homes for Sale in Key West, FL

This home is located at 1401 Simonton St Unit 23, Key West, FL 33040 since 07 May 2020 and is currently estimated at $955,635, approximately $1,053 per square foot. This property was built in 2006. 1401 Simonton St Unit 23 is a home located in Monroe County with nearby schools including Horace O'Bryant 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.

Florida Keys Board 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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