NOT LISTED FOR SALE

1508 Flagler Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,151,000 - $1,370,000

5 Beds
2 Baths
1,744 Sq Ft
$739/Sq Ft Est. Value

Last Sold December 31, 2020

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

Est. 101% increase in value since last sale

Current estimated payment $7,132/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%
Current Estimated Value
$1,288,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$648,333
Avg. Annual Appreciation
17.15%
Original Mortgage
$663,040
Outstanding Balance
$593,016
Interest Rate
2.7%
Mortgage Type
VA
Estimated Equity
$760,317

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

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
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
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

    7 in this area

    51 Total Sales

    Louis Paez
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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 $1,288,333, approximately $738 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.

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