NOT LISTED FOR SALE

1507 Grinnell St Key West, FL 33040

Casa Marina Neighborhood

Estimated Value: $5,045,014 - $7,583,000

5 Beds
4.5 Baths
3,524 Sq Ft
$1,761/Sq Ft Est. Value

Last Sold March 14, 2014

Last sale price $3,250,000 $922 Per Sq Ft

Est. 91% increase in value since last sale

Current estimated payment $38,584/month

10 Days on Market

Highlights

  • Detached Guest House
  • 0.25 Acre Lot
  • Wood Flooring
  • Concrete Pool
  • Fruit Trees
  • No HOA

About This Home

As of March 2014

Built in 1958 for Floy Thompson, the house has a lovely floor plan, and sits on a large 11,108 SF corner lot of the Casa Marina area. The main house has 3BR and 3.5BA, a library or study, living room with stunning original black and white tile floors and multiple French doors to the poolside patio and gazebo. The fabulous Florida room is flooded with light and views of the gardens. There's a two car garage and a complete one bedroom guest apartment over it. Walled for privacy this is gracious island living right here in Key West.

Last Agent to Sell the Property

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 12/02/2013

Last Buyer's Agent

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 12/02/2013

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $13,796

Year Built

  • Built in 1958

Lot Details

  • 0.25 Acre Lot
  • Privacy Fence
  • Sprinkler System
  • Fruit Trees

Home Design

  • Metal Roof

Interior Spaces

  • 3,524 Sq Ft Home
  • Ceiling Fan
  • Fireplace
  • French Doors
  • Entrance Foyer
  • Workshop
  • Storage
  • Utility Room
  • Complete Roll Down Shutters

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Off-Street Parking

Pool

  • Concrete Pool
  • Outdoor Shower

Outdoor Features

  • Patio
  • Exterior Lighting
  • Gazebo
  • Outdoor Storage

Additional Features

  • Detached Guest House
  • Central Air

Community Details

Overview

  • No Home Owners Association
  • Martello Towers Subdivision

Amenities

  • Lobby

Home Details

Home Type

Single Family

Est. Annual Taxes

$13,796

Year Built

Built in 1958

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: 2
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Casa Marina
  • Mile Marker: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Selling Info: Arms length cash transaction.
  • Side: Ocean
  • State Province: FL
  • Taxes: 13796.00
  • Title: Negotiable
  • Vehicle Storage: Garage, Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1958
  • Alternate Key Number: 1058823
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 11108.00
  • Pool Info: Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Shutters: Roll Down Manual
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 3524.00
  • Pool Info Other: Eq Incld;
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Entrance Foyer, Split Bedroom, Walk-in Closet(s), Storage, Lobby, Fireplace(s)
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Oven, Dryer, Disposal
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Utility Room, Workshop
  • Windows/Doors: French Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Detached Guest Qtrs, Sprinkler System, Storage, Privacy Wall/Fence, Fruit Tree(s), Outdoor Shower, Lighting, Gazebo
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.25

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 2, 2013
Closed on
Mar 14, 2014
Sold by
Budinger Peyton Evans and Evans Peyton Bibb
Bought by
Cabot F Collin and Cabot Paula Dewey
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
Lynn Kaufelt
Truman & Co. (KW)
List Price
$3,400,000
Sold Price
$3,250,000
Premium/Discount to List
-$150,000
-4.41%
Total Days on Market
10
Current Estimated Value
$6,205,754

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,955,754
Avg. Annual Appreciation
4.91%

Purchase Details

Closed on
Mar 18, 2009
Sold by
Budinger William D
Bought by
Budinger Peyton Evans

Purchase Details

Closed on
Feb 14, 2007
Sold by
Mcclay Thomas R
Bought by
Budinger William D and Budinger Peyton E

Purchase Details

Closed on
Dec 15, 1997
Sold by
Thomas R Mcclay Tr
Bought by
Crane Robert T

Purchase Details

Closed on
Feb 13, 1997
Sold by
Thomas R Mc Clay Tr
Bought by
Wolkowsky David W

Purchase Details

Closed on
Dec 26, 1996
Sold by
Robert T Crane Tr
Bought by
Mcclay Thomas R

Purchase Details

Closed on
Dec 1, 1996
Bought by
Cabot F Colin F and Cabot Paula Dewey

Purchase Details

Closed on
Oct 17, 1995
Sold by
Wolkowsky David W
Bought by
Crane Tr Robert T and Mcclay Tr Thomas R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
7.72%
Mortgage Type
Balloon
Source: Public Records

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Range of Values:

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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
Cabot F Collin $3,250,000 Attorney
Budinger Peyton Evans -- Attorney
Budinger William D -- Attorney
Budinger William D -- Attorney
Budinger William D $3,100,000 Attorney
Crane Robert T $678,000 --
Wolkowsky David W $100 --
Mcclay Thomas R $578,600 --
Cabot F Colin F $675,000 --
Crane Tr Robert T $660,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Crane Tr Robert T $460,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/14/2014 03/14/14 Sold $3,250,000 -4.4% $922 / Sq Ft
12/12/2013 12/12/13 Pending -- -- --
12/02/2013 12/02/13 For Sale $3,400,000 -- $965 / 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 $46,575 $6,143,634 $1,686,194 $4,457,440
2023 $46,575 $6,026,014 $1,759,507 $4,266,507
2022 $41,198 $5,232,316 $1,326,962 $3,905,354
2021 $38,182 $4,262,483 $872,422 $3,390,061
2020 $33,698 $3,871,161 $806,441 $3,064,720
2019 $30,435 $3,357,709 $872,422 $2,485,287
2018 $31,030 $3,352,832 $839,432 $2,513,400
2017 $30,992 $3,324,352 $0 $0
2016 $29,691 $2,971,699 $0 $0
2015 $28,576 $2,781,024 $0 $0
2014 $17,539 $1,679,857 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2014

    Lynn Kaufelt

    Truman & Co. (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 118933

Florida Keys Board of REALTORS®

APN: 00058340-000000

Florida Monroe County Key West 33040 Casa Marina

1507 Grinnell St, Key West, FL

This home is located at 1507 Grinnell St, Key West, FL 33040 since 02 December 2013 and is currently estimated at $6,205,754, approximately $1,760 per square foot. This property was built in 1958. 1507 Grinnell 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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