NOT LISTED FOR SALE

1508 Flagler Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,133,000 - $1,394,000

5 Beds
2 Baths
1,744 Sq Ft
$722/Sq Ft Est. Value

Last Sold December 31, 2020

Last sale price $640,000 $367 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $7,369/month

152 Days on Market

Highlights

  • No HOA
  • Complete Accordion Shutters
  • Tile Flooring

About This Home

As of December 2020

Income producing large Midtown home has 5 Bedrooms 2 Bathrooms . Currently being used as a 3/1 down and 2/1 Upstairs. Home has a metal roof, tile floors and accordion shutters . Property is walking distance to beaches . Short bike ride to shopping or downtown. Rental income $5250 a month

Last Agent to Sell the Property

Louis Paez

Coldwell Banker Schmitt Real Estate Co. (KW) License #3029661 Listed on: 07/24/2020

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Louis Paez

Coldwell Banker Schmitt Real Estate Co. (KW) License #3029661 Listed on: 07/24/2020

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,011

Year Built

  • Built in 1958

Lot Details

  • 3,300 Sq Ft Lot

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Split Level Home
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,744 Sq Ft Home
  • Single Hung Windows
  • Pull Down Stairs to Attic
  • Complete Accordion Shutters
  • Range

Flooring

  • Parquet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Heat Pump System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00062000-000000

Community Details

Overview

  • No Home Owners Association
  • New Town Unlisted Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,011

Year Built

Built in 1958

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: VA
  • Side: Median
  • State Province: FL
  • Taxes: 4011.38
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1958
  • Alternate Key Number: 1062405
  • Building Style: Split Level
  • Cooling Heating: Heat Pump
  • Lot Sq Ft: 3300.00
  • License Info: Non Trans Rntl Lic
  • Shutters: Accordion
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1744.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Pull Down Stairs
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Floor: Parquet, Tile
  • Windows/Doors: Single Hung Windows
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS, Frame
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00062000-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Dec 31, 2020
Sold by
1508 Flagler Llc
Bought by
Pedraza Gabriel
Seller's Agent
Louis Paez
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Louis Paez
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$698,000
Sold Price
$640,000
Premium/Discount to List
-$58,000
-8.31%
Total Days on Market
152
Current Estimated Value
$1,259,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,000
Avg. Annual Appreciation
14.09%
Original Mortgage
$663,040
Outstanding Balance
$601,083
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$547,917

Purchase Details

Closed on
Apr 10, 2019
Sold by
Brown Eric Cyrus and Brown Erica Marie
Bought by
1508 Flagler Llc

Purchase Details

Closed on
Sep 5, 2013
Sold by
Brown Eric Cyrus and Brown Erica Marie
Bought by
Brown Eric Cyrus and Brown Erica Marie

Purchase Details

Closed on
Feb 28, 2011
Sold by
Lopez Eloy M
Bought by
Lopez Erica Marie and Brown Eric Cyrus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
6.75%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 1998
Sold by
Lopez Eloy M
Bought by
Lopez Fidel and Lopez Lillian A

Purchase Details

Closed on
Apr 27, 1995
Sold by
Lopez Fidel and Lopez Lillian A
Bought by
Lopez Fidel and Lopez Lillian A
Source: Public Records

Similar Homes in Key West, FL

  • 806 Pearl St, Key West, FL 33040

    $1,199,000

    • 4 Beds
    • 3 Baths
    • 1,504 Sq Ft
    • 806 Pearl St
    • Key West, FL

    Unleash your vision and step into endless possibilities with this two-story duplex, a blank canvas located in the prestigious Meadows neighborhood of Key West. Packed with potential, this diamond in the rough is perfect for investors, developers, or dreamers looking to craft their masterpiece in one of Key West's most desirable areas. The property is a blank slate for your imagination to design

    Lisa Ferringo Coldwell Banker Schmitt Lower Keys (KW)

    Section Image
  • 2513 Staples Ave, Key West, FL 33040

    $949,000

    • 4 Beds
    • 2 Baths
    • 1,224 Sq Ft
    • 2513 Staples Ave
    • Key West, FL

    TWO MORE DAYS ON THE MARKET UNTIL IT IS TAKEN OFF COMPLETELY! Get this high income producing, 100k per year with low expenses, fully renovated duplex in Midtown Key West. This property offers flexibility for use as a vacation home, primary residence, or investment opportunity with a HIGH ROI. This duplex is a proven income generator, with detailed financial records available. The property

    Everett Watkins Keller Williams Key West Compass Realty

    Section Image
  • 1408 Johnson St Unit A & B, Key West, FL 33040

    $1,345,000

    • 3 Beds
    • 2 Baths
    • 1,344 Sq Ft
    • 1408 Johnson St
    • Unit A & B
    • Key West, FL

    Legal Duplex in Prime Key West Location! This thoughtfully updated CBS duplex offers a unique opportunity for multi-family living, employee housing, or generating rental income. Unit A features 2 bedrooms, 1 bath and a private entrance leading to a lushly landscaped yard with an outdoor shower, a clawfoot tub, irrigation and a mature mango tree. Each bedroom has an option for a private

    Megan Mcdowell eXp Realty LLC

    Section Image
  • 1916 Seidenberg Ave, Key West, FL 33040

    $1,154,900

    • 6 Beds
    • 2 Baths
    • 1,694 Sq Ft
    • 1916 Seidenberg Ave
    • Key West, FL

    Duplex with Solid Rent Roll ($91,800/year) - This income-producing duplex features 2 well-maintained units, each offering 3 bedrooms and 1 bathrooms. Units are rented for $3,850 and $3,800 per month on long-term leases ($91,800/year). Perfectly positioned near the coast and only a short ride from the energy of downtown.

    Kayley Arn Coldwell Banker Realty - Aventura

    Section Image
  • 1327 Duncan St, Key West, FL 33040

    $1,500,000

    • 4 Beds
    • 2 Baths
    • 2,019 Sq Ft
    • 1327 Duncan St
    • Key West, FL

    Are you ready to build??? after talking with City Planning the new owner will be able to possibly renovate the main house and build a second new house Buyer to verify...Make your offer today.Welcome to 1327 Duncan Street, this property offers a 3 bedroom 1 bath single-family home plus a separate 1 bedroom 1 bath cottage with fenced in yard, laundry area, central air condition. The main

    Barbara Crespo Keller Williams Key West Compass Realty

    Section Image
  • 1210 Virginia St, Key West, FL 33040

    $1,149,000

    • 3 Beds
    • 3 Baths
    • 1,740 Sq Ft
    • 1210 Virginia St
    • Key West, FL

    Currently this is a two-story duplex in the popular Bayview Park neighborhood in Old Town. It could be converted back to the original single-family home. There are a total of three bedrooms and 2.5 baths. As currently configured, the first floor has 2 bedrooms,1.5 baths and features 9.5-foot ceilings, doors with transom windows, and hardwood floors. French doors open to the rear yard and porch.

    The Behmke Group Keller Williams Key West Compass Realty

    Section Image
  • 1215 Bay St, Key West, FL 33040

    $1,249,000

    • 4 Beds
    • 3 Baths
    • 1,740 Sq Ft
    • 1215 Bay St
    • Key West, FL

    This charming four-bedroom, three-bathroom duplex is a rare find, nestled on a generous 7,500 sq. ft. lot that provides plenty of room for relaxation, gardening, or entertaining. Surrounded by lush foliage, the property offers a serene sense of privacy and seclusion, making it a perfect retreat. Centrally located, you'll enjoy easy access to shopping, dining, and the beach, with Old Town Key West

    Justyn Ewald Expert Realty LLC (HQ)

    Section Image
  • 1409 4th St, Key West, FL 33040

    $1,449,000

    • 4 Beds
    • 3 Baths
    • 2,664 Sq Ft
    • 1409 4th St
    • Key West, FL

    Don't miss this rare opportunity to own a legal duplex on a spacious 10,000 SqFt corner lot! The main residence, solid CBS construction, offers 2 bedrooms, 2 bathrooms, and a generous 2,004 SqFt of living space. The open-concept layout features a large living room, a well-appointed kitchen with an adjoining dining area, and plenty of natural light. There's also a garage, laundry room, and

    Keys Team Bryant and Kat Expert Realty LLC (HQ)

    Section Image
  • 1122 Margaret St, Key West, FL 33040

    $1,499,000

    • 3 Beds
    • 2 Baths
    • 1,148 Sq Ft
    • 1122 Margaret St
    • Key West, FL

    Behind the quintessential white picket fence you will find this delightful historic cottage currently set up as a duplex with off street parking and pool. Lots of opportunity with the ability to generate income and have your own slice of Paradise to enjoy, or marry the spaces and convert to a single family dream home. Each unit enjoys privacy from the other including separate outdoor living

    Wendy Zintsmaster Truman & Co. (KW)

    Section Image
See All Homes in Key West

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Pedraza Gabriel $640,000 Attorney
1508 Flagler Llc -- None Available
Brown Eric Cyrus -- None Available
Lopez Erica Marie $150,000 None Available
Lopez Fidel $100 --
Lopez Fidel -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pedraza Gabriel $663,040
Closed Pedraza Gabriel $663,040
Previous Owner Brown Eric Cyrus $350,000
Previous Owner Brown Eric Cyrus $82,800
Previous Owner Brown Eric Cyrus $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/31/2020 12/31/20 Sold $640,000 -5.6% $367 / Sq Ft
12/23/2020 12/23/20 Pending -- -- --
08/17/2020 08/17/20 Price Changed $678,000 -2.9% $389 / Sq Ft
07/24/2020 07/24/20 For Sale $698,000 -- $400 / 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 $3,930 $469,141 -- --
2023 $3,930 $455,477 $0 $0
2022 $3,758 $442,211 $0 $0
2021 $3,832 $429,332 $0 $0
2020 $4,020 $411,945 $197,472 $214,473
2019 $4,011 $407,611 $189,922 $217,689
2018 $4,083 $412,613 $197,116 $215,497
2017 $3,930 $411,174 $0 $0
2016 $2,871 $327,845 $0 $0
2015 $2,774 $305,252 $0 $0
2014 $2,547 $246,100 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Louis Paez

    Seller's Agent in 2020

    Louis Paez

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 395-1081

    6 in this area

    61 Total Sales

    Louis Paez
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591815

Florida Keys Board of REALTORS®

APN: 00062000-000000

Florida Monroe County Key West 33040 Mid Town

1508 Flagler Ave, Key West, FL

This home is located at 1508 Flagler Ave, Key West, FL 33040 since 24 July 2020 and is currently estimated at $1,259,000, approximately $721 per square foot. This property was built in 1958. 1508 Flagler Ave 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.

Nearby Homes