NOT LISTED FOR SALE

1525 5th St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $625,000 - $1,106,000

2 Beds
2 Baths
1,570 Sq Ft
$563/Sq Ft Est. Value

Last Sold November 04, 2021

Last sale price $475,000 $303 Per Sq Ft

Est. 86% increase in value since last sale

Current estimated payment $5,252/month

16 Days on Market

Highlights

  • Home fronts a pond
  • No HOA
  • 1-Story Property
  • Pond View

About This Home

As of November 2021

Waterfront on Key West for only $479,000! Priced to sell below recent appraised value, take advantage of this exceptional opportunity to build your Key West dream home. The waterfront homesite, with an existing 1570 sq. ft. structure, is on a huge 66 x 112 lot that borders the tranquil Salt Ponds. The central location is ideal for perhaps the construction of a modular home or other reconstruction options to start enjoying life in the Southmost City. Site visits must be in the presence of a licensed Florida real estate agent who registers with the listing agent. Due to the estate sale nature of the property, no insurance information or a seller's disclosure is available & buyers are encouraged to fully verify all information important to their decision to purchase.

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 08/19/2021

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Mark MacLaughlin

R.W.A. REALTY INC.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,049

Year Built

  • Built in 1968

Lot Details

  • 7,448 Sq Ft Lot
  • Home fronts a pond

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,570 Sq Ft Home
  • 1-Story Property
  • Pond Views

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Separate Meters
  • Cable TV Available

Community Details

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

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00063650

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,049

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 00063650
  • Additional Assessor Parcel Number 2: 000000
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 1
  • Document Count: 1
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Median
  • State Province: FL
  • Taxes: 4049.00
  • Vehicle Storage: Off Street Parking
  • Year Built: 1968
  • Alternate Key Number: 1064068
  • Lot Sq Ft: 7448.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1570.00
  • Sewer Hook Up: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances Other: YES
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: Salt Ponds
  • Waterfront: Yes
  • Construction: CBS, Frame
  • Roof: Metal Roof
  • Waterview: Salt Ponds
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Water Separate Meter, Municipal Sewer, Elect Separate Meter, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Lot Size: 66 x 112
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 19, 2021
Closed on
Nov 3, 2021
Sold by
Knutt David C and Hewitt Heather L
Bought by
Stockton Joseph A
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Mark MacLaughlin
R.W.A. REALTY INC.
List Price
$479,000
Sold Price
$475,000
Premium/Discount to List
-$4,000
-0.84%
Current Estimated Value
$883,788

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$408,788
Avg. Annual Appreciation
15.12%
Original Mortgage
$594,300
Outstanding Balance
$549,506
Interest Rate
2.88%
Mortgage Type
New Conventional
Estimated Equity
$250,119

Purchase Details

Closed on
Jul 12, 2007
Sold by
Knutti Reginald Leon
Bought by
Reginald Leon Knutti 1935 Trust

Purchase Details

Closed on
Sep 23, 1994
Sold by
Caudle Knutti Carol Ann
Bought by
Knutti Reginald L

Purchase Details

Closed on
Feb 1, 1972
Bought by
Kuntti Reginald Leon 1935 Trust
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
Stockton Joseph A $475,000 Elite Title
Reginald Leon Knutti 1935 Trust -- None Available
Knutti Reginald L -- --
Kuntti Reginald Leon 1935 Trust $30,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stockton Joseph A $594,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/04/2021 11/04/21 Sold $475,000 -0.8% $303 / Sq Ft
09/04/2021 09/04/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $479,000 -- $305 / 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 $4,284 $512,854 -- --
2023 $4,284 $497,917 $0 $0
2022 $4,980 $549,231 $521,881 $27,350
2021 $4,213 $432,227 $286,357 $145,870
2020 $4,217 $434,595 $286,357 $148,238
2019 $4,405 $452,212 $301,607 $150,605
2018 $4,470 $450,517 $299,912 $150,605
2017 $4,402 $442,718 $0 $0
2016 $4,434 $455,149 $0 $0
2015 $3,983 $359,538 $0 $0
2014 $3,791 $326,170 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vic Musmanno

    Seller's Agent in 2021

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    68 in this area

    156 Total Sales

    Vic Musmanno
    Section Image

  • M

    Buyer's Agent in 2021

    Mark MacLaughlin

    R.W.A. REALTY INC.

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597374

Florida Keys Board of REALTORS®

APN: 00063650-000000

Florida Monroe County Key West 33040 Mid Town

1525 5th St, Key West, FL

This home is located at 1525 5th St, Key West, FL 33040 since 19 August 2021 and is currently estimated at $883,788, approximately $562 per square foot. This property was built in 1968. 1525 5th 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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