NOT LISTED FOR SALE

1501 Washington St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,130,000 - $1,850,000

1 Bed
1.5 Baths
858 Sq Ft
$1,654/Sq Ft Est. Value

Last Sold August 29, 2014

Last sale price $775,000 $903 Per Sq Ft

Est. 83% increase in value since last sale

Current estimated payment $8,324/month

55 Days on Market

Highlights

  • Concrete Pool
  • Cathedral Ceiling
  • Lanai
  • Key West Architecture
  • Wood Flooring
  • No HOA

About This Home

As of August 2014

This is a perfect Key West house on a lovely corner lot near the Casa Marina area. Beautifully renovated 4 years ago by a NY designer who raised the house above the flood level. All new piers and foundation, vaulted ceilings, Impact French doors, Anderson windows, Pepperwood floors, all new kitchen with high end appliances and gas range. 1BR plus a den that is easily converted to 2nd BR, 1.5 baths, pool, irrigation system, fenced for privacy. What more could you ask for?

Last Agent to Sell the Property

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 05/30/2014

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,830

Year Built

  • Built in 1943

Lot Details

  • 4,698 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Sprinkler System

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 858 Sq Ft Home
  • 1-Story Property
  • Cathedral Ceiling
  • Some Wood Windows
  • French Doors
  • Wood Flooring

Kitchen

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

Bedrooms and Bathrooms

  • 1 Bedroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Roll Down Shutters
  • Impact Glass

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Patio
  • Lanai
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage

Community Details

  • No Home Owners Association
  • Key West Investment Co Sub Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,830

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Document Count: 4
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Mile Marker: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 3830.00
  • Title: Negotiable
  • Year Built: 1943
  • Alternate Key Number: 1043893
  • Building Style: Cigar Maker, Conch
  • Lot Sq Ft: 4698.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Shutters: Roll Down Manual
  • Tax Exemptions: None
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 858.00
  • Pool Info Other: Eq Incld;
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Cathedral Ceilings
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Range, Refrigerator, Microwave, Dryer
  • Floor: Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: French Doors, Wood Windows, Impact Rstnce Window
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Storage, Sprinkler System, Privacy Wall/Fence, Lighting, Lanai, Gazebo
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 30, 2014
Closed on
Aug 28, 2014
Sold by
Shaw Donald
Bought by
Wharton Bernard M and Walsh Jennifer A
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$825,000
Sold Price
$775,000
Premium/Discount to List
-$50,000
-6.06%
Current Estimated Value
$1,419,029

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$644,029
Avg. Annual Appreciation
5.68%
Original Mortgage
$477,750
Interest Rate
4.2%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 13, 2009
Sold by
Laface Richard R and Harris Patricia
Bought by
Shaw Donald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$336,000
Interest Rate
5.14%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Nov 9, 2004
Sold by
Laface Richard R
Bought by
Laface Richard R and Harris Patricia

Purchase Details

Closed on
Apr 1, 1992
Bought by
Wharton Bernard M

Purchase Details

Closed on
Jan 1, 1988
Bought by
Wharton Bernard M

Purchase Details

Closed on
May 1, 1985
Bought by
Wharton Bernard M
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
Wharton Bernard M $775,000 Chicago Title Insurance Co
Shaw Donald $420,000 Attorney
Laface Richard R -- --
Wharton Bernard M $135,000 --
Wharton Bernard M $140,000 --
Wharton Bernard M $65,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wharton Bernard W $422,000
Closed Wharton Bernard M $477,750
Previous Owner Shaw Donald $50,000
Previous Owner Shaw Donald $336,000
Previous Owner Laface Richard R $228,000
Previous Owner Villate Henry $195,000
Previous Owner Villate Henry $287,000
Previous Owner Villate Henry $50,000
Previous Owner Villate Henry $2,051
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/29/2014 08/29/14 Sold $775,000 -6.1% $903 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
05/30/2014 05/30/14 For Sale $825,000 -- $962 / 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 $7,101 $1,066,837 $805,049 $261,788
2023 $7,101 $985,078 $734,368 $250,710
2022 $6,074 $776,298 $522,324 $253,974
2021 $5,435 $571,759 $345,021 $226,738
2020 $5,293 $557,785 $325,853 $231,932
2019 $5,889 $620,580 $385,753 $234,827
2018 $6,071 $628,267 $390,545 $237,722
2017 $6,178 $628,767 $0 $0
2016 $6,516 $628,671 $0 $0
2015 $7,590 $718,879 $0 $0
2014 $4,082 $406,662 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Kaufelt

    Seller's Agent in 2014

    Lynn Kaufelt

    Truman & Co. (KW)

    (305) 923-4276

    4 in this area

    18 Total Sales

    Lynn Kaufelt
    Section Image

  • T

    Buyer's Agent in 2014

    Tracey Gardiner

    Ocean Sotheby's International Realty

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 119891

Florida Keys Board of REALTORS®

APN: 00043260-000000

Florida Monroe County Key West 33040 Mid Town

1501 Washington St, Key West, FL

This home is located at 1501 Washington St, Key West, FL 33040 since 30 May 2014 and is currently estimated at $1,419,029, approximately $1,653 per square foot. This property was built in 1943. 1501 Washington 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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