NOT LISTED FOR SALE

1429 12th St Key West, FL 33040

New Town Neighborhood

Estimated Value: $877,100 - $924,000

2 Beds
2 Baths
1,610 Sq Ft
$560/Sq Ft Est. Value

Last Sold November 30, 2022

Last sale price $810,000 $503 Per Sq Ft

Est. 16% increase in value since last sale

Current estimated payment $5,654/month

16 Days on Market

Highlights

  • In Ground Pool
  • Deck
  • Wood Flooring
  • Solar Power System
  • Cathedral Ceiling
  • Furnished

About This Home

As of November 2022

Price reduced $25,000. A true gem of a home and absolutely ready for your immediate occupancy! Rare at this affordable price can you find this quality of living, immense interior size, and vast number of special features. Complete with a private dip pool, the elevated 2 BR and 2 BA townhome is offered furnished, has over 1600 square feet of interior living area, and is perfect in every sense. A handsome modern kitchen with stainless steel appliances and a dine in island are part of an open main living area highlighted by vaulted ceilings and wood accents. Striking tile floors, resembling hand scraped planks, are throughout the main level. An oversized master suite occupies the entire second floor, with sustainable bamboo flooring and an enviable sized walk in closet. The solar heated pool has a salt chlorinated generator minimizing the use of harsh chemicals. Insurance costs are substantially reduced by impact glass doors and windows and a much much higher than average finished floor level. Covered side by side parking for 2 cars has 220v power for convenient at home EV charging. The property is a townhome with full land ownership without any association fees. Save on your closing costs with a recent survey and elevation certificate available to the buyer. An extensive virtual tour is available for your video showing requests. Definitely - the right Key West home for the buyer focused on price per square foot!

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 10/05/2022

Coldwell Banker Schmitt Real Estate Co. (KW)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,194

Year Built

  • Built in 1981 | Remodeled

Lot Details

  • 2,045 Sq Ft Lot
  • Privacy Fence
  • Fenced

Home Design

  • Frame Construction
  • Metal Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 1,610 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Storage

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer

Home Security

Parking

  • 2 Parking Spaces
  • Carport
  • Guest Parking
  • Off-Street Parking

Eco-Friendly Details

  • Solar Power System

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio
  • Shed

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00065280-000707

Community Details

Overview

  • No Home Owners Association
  • New Town Unrecord Subdivision

Recreation

  • Bike Trail

Pet Policy

  • Pets Allowed

Security

  • Building Security System
  • Impact Glass
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,194

Year Built

Built in 1981 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 5
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 2194.00
  • Vehicle Storage: Carport, Off Street Parking, Guest Parking, Covered Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1981
  • Alternate Key Number: 8576668
  • Building Style: Townhouse
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 2045.00
  • Pool Info: In Ground
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1610.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Walk-in Closet(s), Storage, Quartz Countertops, Smoke Alarms, Entrance Foyer, Cathedral Ceilings, Drapes/Blinds Incl
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Range, Refrigerator, Microwave, Oven, Dryer, Disposal
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Doors, Sliding Glass Doors, Impact Rstnce Window
  • Total Bedrooms: 2
  • Sq Ft Remarks: Tax records include the vaulted ceiling in the main living area as livable square footage for the 2nd floor.

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Stucco, Frame, Concrete
  • Exterior Features: Fencing, Storage, Shed, Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: On Premises System
  • Utilities: Cable Available, Water Separate Meter, Solar Power, FKAA, Municipal Sewer, Elect Separate Meter

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00065280-000707
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 5, 2022
Closed on
Nov 30, 2022
Sold by
Borgemenke Arthur Joseph and Borgemenke Amy J
Bought by
Miller Everett J and Miller Seann
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$849,000
Sold Price
$810,000
Premium/Discount to List
-$39,000
-4.59%
Current Estimated Value
$938,136

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$128,136
Avg. Annual Appreciation
5.84%
Original Mortgage
$600,000
Outstanding Balance
$583,886
Interest Rate
6.58%
Estimated Equity
$359,769

Purchase Details

Listed on
Jul 30, 2021
Closed on
Sep 27, 2021
Sold by
Sullivan Michael Sean
Bought by
Borgemenke Arthur Joseph and Borgemenke Amy Jo
Seller's Agent
Michael Sullivan
Punta Gorda - Port Charlotte Realty, LLC
Buyer's Agent
James Olive
Florida Keys Real Estate Company (KW)
List Price
$795,000
Sold Price
$775,000
Premium/Discount to List
-$20,000
-2.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.81%
Original Mortgage
$608,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 15, 2016
Bought by
Sullivan Michael Sean

Purchase Details

Closed on
Aug 30, 2001
Sold by
Philip N Sokolich M and Ilene B Sokolich M
Bought by
Erskine Larry R and Erskine Michele P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$190,000
Interest Rate
7.08%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 12, 2000
Sold by
Samuel B Lancaster Tr and Marianne H Lancaster Tr
Bought by
Sokolich Philip N and Sokolich Ilene B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$125,000
Interest Rate
8.54%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1981
Bought by
Sullivan Michael Sean

Purchase Details

Closed on
Jun 1, 1981
Bought by
Sullivan Michael Sean
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
Miller Everett J $810,000 --
Borgemenke Arthur Joseph $775,000 First International Ttl Inc
Sullivan Michael Sean $435,600 --
Erskine Larry R $280,000 --
Sokolich Philip N $249,500 --
Sullivan Michael Sean $86,100 --
Sullivan Michael Sean -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Miller Everett J $600,000
Previous Owner Borgemenke Arthur Joseph $608,000
Previous Owner Erskine Larry R $180,000
Previous Owner Sokolich Philip N $190,000
Previous Owner Sokolich Philip N $100,000
Previous Owner Sokolich Philip N $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2022 11/30/22 Sold $810,000 -1.7% $503 / Sq Ft
10/21/2022 10/21/22 Pending -- -- --
10/16/2022 10/16/22 Price Changed $824,000 -2.9% $512 / Sq Ft
10/05/2022 10/05/22 For Sale $849,000 +9.5% $527 / Sq Ft
09/27/2021 09/27/21 Sold $775,000 -2.5% $481 / Sq Ft
07/30/2021 07/30/21 For Sale $795,000 -- $494 / 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 $6,215 $680,720 $295,952 $384,768
2023 $6,215 $687,432 $320,247 $367,185
2022 $5,366 $596,060 $200,983 $395,077
2021 $2,193 $242,261 $0 $0
2020 $2,155 $238,917 $0 $0
2019 $2,120 $233,546 $0 $0
2018 $2,109 $229,192 $0 $0
2017 $2,095 $224,479 $0 $0
2016 $2,140 $219,406 $0 $0
2015 $2,183 $217,881 $0 $0
2014 $2,236 $216,152 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vic Musmanno

    Seller's Agent in 2022

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    27 in this area

    155 Total Sales

    Section Image

  • M

    Seller's Agent in 2021

    Michael Sullivan

    Punta Gorda - Port Charlotte Realty, LLC

    (941) 646-9226

    17 in this area

    44 Total Sales

    Section Image

  • J

    Buyer's Agent in 2021

    James Olive

    Florida Keys Real Estate Company (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602672

Florida Keys Board of REALTORS®

APN: 00065280-000707

Florida Monroe County Key West 33040 New Town

1429 12th St, Key West, FL

This home is located at 1429 12th St, Key West, FL 33040 since 05 October 2022 and is currently estimated at $901,025, approximately $559 per square foot. This property was built in 1981. 1429 12th St is a home located in Monroe County with nearby schools including Poinciana Elementary 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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