NOT LISTED FOR SALE

1501 Leon St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,568,000 - $1,896,000

4 Beds
3 Baths
2,205 Sq Ft
$761/Sq Ft Est. Value

Last Sold March 16, 2022

Last sale price $1,170,000 $531 Per Sq Ft

Est. 43% increase in value since last sale

Current estimated payment $9,745/month

37 Days on Market

Highlights

  • Beach
  • Maid or Guest Quarters
  • Balcony
  • Tennis Courts
  • No HOA
  • Walk-In Closet

About This Home

As of March 2022

Location, Location, Location!!!Excellent opportunity exists with this expansive Mid Town compound. Situated on an oversized corner lot with 7,920 square feet of valuable land. This property is located in a quiet neighborhood, yet with walking distance to the beautiful beaches, White Street Pier, Restaurants and so much more. With a quick bike ride you can be shopping in New Town or dining in Old Town. This Key West property boasts over 2,200 SF of living space! The main house is located on the first floor has updating and consists of 1,785 SF with 3 bedrooms and 2 baths. The exterior staircase leads to the upstairs 1 bedroom / 1 bath apartment. This unit also offers a full kitchen, living room and large roof top balcony where the Sunset views can be observed. Separate utility meters are currently at the property. There are many of parking options available. The yard is well maintained and has plenty room for a pool. Come and explore the endless opportunities that exist with this one of a kind gem in paradise!

Last Agent to Sell the Property

Monique Thiel, PA

Sunshine State Realty Service Listed on: 01/14/2022

Last Buyer's Agent

Jessica Prescott

Century 21 Schwartz Realty (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,036

Year Built

  • Built in 1958 | Remodeled

Lot Details

  • 7,920 Sq Ft Lot
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Split Level Home
  • Metal Roof

Interior Spaces

  • 2,205 Sq Ft Home
  • Ceiling Fan
  • Single Hung Windows
  • Storage

Kitchen

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

Flooring

  • Laminate
  • Tile
  • Terrazzo

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • Maid or Guest Quarters
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Tennis Courts
  • Balcony
  • Patio
  • Shed

Utilities

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

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00062020-000000

Community Details

Overview

  • No Home Owners Association
  • Ser Deb Estates Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Tennis Courts

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,036

Year Built

Built in 1958 | Remodeled

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: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Other Area Features, Tennis Courts
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 6036.02
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1958
  • Alternate Key Number: 1062421
  • Building Style: Split Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat
  • Lot Sq Ft: 7920.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info: Non Trans Rntl Lic
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2205.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Walk-in Closet(s), Split Bedroom
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Washer, Oven, Refrigerator, Range
  • Floor: Laminate, Tile, Terrazzo
  • Specialty Rooms: Other
  • Windows/Doors: Other Windows/Doors, Single Hung Windows
  • Total Bedrooms: 4
  • Sq Ft Remarks: Buyer to verify

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Combo Construction
  • Exterior Features: Fencing, Shed, Storage
  • Roof: Metal Roof, Other Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Security: Other
  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00062020-000000
  • Lot Size: 90' X 88'
  • Land Size: More than 1 Lot
  • Acres: 0.18

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2022
Closed on
Mar 15, 2022
Sold by
Myer and Patrice
Bought by
Dolphin Watch Vi Llc
Seller's Agent
Monique Thiel, PA
Sunshine State Realty Service
Buyer's Agent
Jessica Prescott
Century 21 Schwartz Realty (KW)
List Price
$1,290,000
Sold Price
$1,170,000
Premium/Discount to List
-$120,000
-9.3%
Current Estimated Value
$1,678,667

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$508,667
Avg. Annual Appreciation
8.96%

Purchase Details

Listed on
Nov 10, 2017
Closed on
Sep 19, 2018
Sold by
Nationstar Hecm Acquisition Trust 2017-2
Bought by
Myer Jeff and Myer Patrice
Seller's Agent
Melva Wagner
Century 21 Prestige Realty Group (KW)
Buyer's Agent
Monique Thiel, PA
Sunshine State Realty Service
List Price
$635,000
Sold Price
$417,385
Premium/Discount to List
-$217,615
-34.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
34.13%
Original Mortgage
$313,038
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 10, 2017
Closed on
Aug 27, 2018
Sold by
Willmton Saving Fund Society Fsb
Bought by
Myer Jeffrey F and Myer Patrice A
Seller's Agent
Melva Wagner
Century 21 Prestige Realty Group (KW)
Buyer's Agent
Monique Thiel, PA
Sunshine State Realty Service
List Price
$635,000
Sold Price
$417,385
Premium/Discount to List
-$217,615
-34.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$313,038
Interest Rate
4.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 15, 2018
Sold by
Nationstar Hecm Acquisition Trust
Bought by
Nationstar Hecm Acquisition Trust and Wilmington Savings Fund Society

Purchase Details

Closed on
Jul 18, 2017
Sold by
Machado Miguel and Machado Miguel Angel
Bought by
Wilmington Savings Fund Society and Natinstar Hecm Acquisition Trust

Purchase Details

Closed on
Feb 16, 2017
Sold by
Machado Miguel
Bought by
Nationstar Hecm Acquisition Trust and Wilmington Saving Fund Society

Purchase Details

Closed on
Mar 10, 2011
Sold by
Machado Miguel
Bought by
Machado Miguel

Purchase Details

Closed on
Nov 17, 2006
Sold by
Machado Miguel and Machado Irene
Bought by
Machado Miguel and Machado Irene

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$170,100
Interest Rate
6.33%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Sep 12, 2001
Sold by
Miguel Machado M and Miguel Irene Machado
Bought by
Machado Miguel

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
6.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 1, 1978
Bought by
Machado Miguel
Source: Public Records

Range of Values:

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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
Dolphin Watch Vi Llc $1,170,000 Oropeza Stones Cardenas Pllc
Myer Jeff $417,385 None Listed On Document
Nationstar Hecm Acquisition Tr $100 None Listed On Document
Myer Jeffrey F $417,385 Attorney
Nationstar Hecm Acquisition Trust -- Attorney
Myer Jeff $417,385 None Listed On Document
Nationstar Hecm Acquisition Tr $100 None Listed On Document
Wilmington Savings Fund Society -- None Available
Nationstar Hecm Acquisition Trust $426,000 None Available
Machado Miguel -- None Available
Machado Miguel -- Countywide Title Group
Machado Miguel -- --
Machado Miguel $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Myer Jeffrey F $313,038
Previous Owner Machado Miguel $170,100
Previous Owner Machado Miguel $135,000
Previous Owner Machado Miguel $43,000
Previous Owner Machado Miguel $57,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/16/2022 03/16/22 Sold $1,170,000 -9.3% $531 / Sq Ft
02/20/2022 02/20/22 Pending -- -- --
01/14/2022 01/14/22 For Sale $1,290,000 +209.1% $585 / Sq Ft
09/13/2018 09/13/18 Sold $417,385 -34.3% $189 / Sq Ft
03/21/2018 03/21/18 Pending -- -- --
11/10/2017 11/10/17 For Sale $635,000 -- $288 / 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 $10,560 $1,238,212 $851,558 $386,654
2023 $10,560 $1,151,213 $776,794 $374,419
2022 $7,091 $930,968 $552,499 $378,469
2021 $6,036 $592,487 $364,954 $227,533
2020 $5,664 $575,384 $344,678 $230,706
2019 $5,142 $488,475 $346,421 $142,054
2018 $5,355 $503,286 $316,911 $186,375
2017 $4,518 $444,416 $0 $0
2016 $4,612 $432,334 $0 $0
2015 -- $427,909 $0 $0
2014 $4,790 $423,303 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2022

    Monique Thiel, PA

    Sunshine State Realty Service

  • J

    Buyer's Agent in 2022

    Jessica Prescott

    Century 21 Schwartz Realty (KW)

  • M

    Seller's Agent in 2018

    Melva Wagner

    Century 21 Prestige Realty Group (KW)

  • Monique Thiel

    Buyer's Agent in 2018

    Monique Thiel

    Sunshine State Realty Services

    (305) 879-9064

    6 in this area

    35 Total Sales

    Monique Thiel
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599195

Florida Keys Board of REALTORS®

APN: 1062421

Florida Monroe County Key West 33040 Mid Town

1501 Leon St, Key West, FL

This home is located at 1501 Leon St, Key West, FL 33040 since 14 January 2022 and is currently estimated at $1,678,667, approximately $761 per square foot. This property was built in 1958. 1501 Leon St 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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