NOT LISTED FOR SALE

1418 Flagler Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,263,000 - $1,745,000

8 Beds
6 Baths
3,840 Sq Ft
$398/Sq Ft Est. Value

Last Sold January 18, 2022

Last sale price $1,225,000 $319 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,016/month

18 Days on Market

Highlights

  • No HOA
  • Walk-In Closet
  • Laundry Room
  • Balcony
  • Patio
  • Storage

About This Home

As of January 2022

Duplex is a must see! Two story duplex is perfect for investor, employee housing, or owner-occupier. Each unit features 1920 square feet of living space, four bedrooms, open floor plan, laundry, and more! Great location in the heart of Key West. Central AC. Off Street Parking. Room for a pool. Balcony on second floor and patio on first level.

Last Agent to Sell the Property

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 11/22/2021

Last Buyer's Agent

Deborah Batty

Location 3 Real Estate of KW Inc (KW) License #3131616

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,262

Year Built

  • Built in 1992

Lot Details

  • 5,280 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex

Interior Spaces

  • 3,840 Sq Ft Home
  • Ceiling Fan
  • Storage
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 8 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00059530-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Prog Land Imp Co Diag Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,262

Year Built

Built in 1992

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • 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: 2.00
  • Min Rental Days: 30.00
  • 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: 7262.36
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1992
  • Alternate Key Number: 1059994
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 5280.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3840.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Split Bedroom, Walk-in Closet(s), Storage
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Appliances: Dryer, Washer, Refrigerator, Range, Oven
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 8

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00059530-000000
  • Lot Size: 60x88
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.12

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2021
Closed on
Jan 18, 2022
Sold by
Joan Edna Povey Cornell Revocable Trust
Bought by
Havel Joseph Edward and Benetti Ivan Michael
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Deborah Batty
Location 3 Real Estate of KW Inc (KW)
List Price
$1,299,000
Sold Price
$1,225,000
Premium/Discount to List
-$74,000
-5.7%
Current Estimated Value
$1,527,042

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$302,042
Avg. Annual Appreciation
5.94%
Original Mortgage
$900,800
Outstanding Balance
$839,402
Interest Rate
4%
Mortgage Type
New Conventional
Estimated Equity
$687,640

Purchase Details

Closed on
Dec 23, 2009
Sold by
Cornell Stephen W and Cornell Joan P
Bought by
Revoc Cornell Iii Stephen Wood and Stephen Wood Cornell Iii Revocable Trust

Purchase Details

Closed on
Nov 1, 1994
Bought by
Cornell Stephen Wood Iii Rev Tr 10/31/06

Purchase Details

Closed on
Feb 1, 1992
Bought by
Cornell Stephen Wood Iii Rev Tr 10/31/06

Purchase Details

Closed on
Dec 1, 1988
Bought by
Cornell Stephen Wood Iii Rev Tr 10/31/06
Source: Public Records

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
Havel Joseph Edward $1,225,000 Oropeza Stones Cardenas Pllc
Revoc Cornell Iii Stephen Wood -- Attorney
Cornell Stephen Wood Iii Rev Tr 10/31/06 $264,000 --
Cornell Stephen Wood Iii Rev Tr 10/31/06 $44,000 --
Cornell Stephen Wood Iii Rev Tr 10/31/06 $48,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Havel Joseph Edward $900,800
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/18/2022 01/18/22 Sold $1,225,000 -5.7% $319 / Sq Ft
12/10/2021 12/10/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $1,299,000 -- $338 / 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 $11,612 $1,350,799 $709,632 $641,167
2023 $11,612 $1,277,105 $647,328 $629,777
2022 $8,307 $1,025,779 $460,416 $565,363
2021 $7,438 $751,663 $304,128 $447,535
2020 $7,262 $734,955 $287,232 $447,723
2019 $7,275 $730,384 $275,996 $454,388
2018 $7,469 $750,398 $289,344 $461,054
2017 $7,195 $748,474 $0 $0
2016 $7,055 $711,176 $0 $0
2015 $6,623 $635,793 $0 $0
2014 $6,021 $498,869 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bascom Grooms

    Seller's Agent in 2022

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    63 in this area

    310 Total Sales

    Bascom Grooms
    Section Image

  • D

    Buyer's Agent in 2022

    Deborah Batty

    Location 3 Real Estate of KW Inc (KW)

    (305) 509-1958

    5 in this area

    22 Total Sales

    Deborah Batty
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598604

Florida Keys Board of REALTORS®

APN: 00059530-000000

Florida Monroe County Key West 33040 Mid Town

1418 Flagler Ave, Key West, FL

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.

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