NOT LISTED FOR SALE

1712 Josephine St Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,388,000 - $2,579,000

6 Beds
4.5 Baths
2,823 Sq Ft
$611/Sq Ft Est. Value

Last Sold August 04, 2021

Last sale price $1,150,000 $407 Per Sq Ft

Est. 50% increase in value since last sale

Current estimated payment $9,747/month

Highlights

  • Beach
  • No HOA
  • Shutters
  • Marble Flooring
  • Balcony
  • 2-minute walk to Key West Nature Preserve

About This Home

As of August 2021

This Listing is a 3-unit investment property 1 block from the most popular beach in Key West. Gross annual rent $90,030. Superior condition. Meticulously maintained and continuously upgraded. Two concrete/stucco buildings containing three separately licensed and metered units. One 3bed/2bath house, one 2bed/1bath apt., one 1bed/1bath apt. All units on 12 month leases through Oct 31, 2021. Zero deferred maintenance. Each unit with recent upgrades to bathrooms and kitchens. New asphalt roof 2016. See Documents for details. One off street parking spaces plus spacious and sheltered common area. Excellent investment opportunity.

Last Agent to Sell the Property

John Parce

Coldwell Banker Schmitt Real Estate Co. (KW) Listed on: 07/29/2021

Last Buyer's Agent

Bobby Coe

RE/MAX Keys Connection (KW) License #3428120

RE/MAX Keys Connection (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,858

Year Built

  • Built in 1967 | Remodeled

Lot Details

  • 6,875 Sq Ft Lot
  • Privacy Fence

Home Design

  • Tar and Gravel Roof
  • Pre-Cast Concrete Construction
  • Stucco

Interior Spaces

  • 2,823 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Blinds
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Shed
  • Attached Grill
  • Rain Gutters

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Accessible Parking
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00062300-000000

Community Details

Overview

  • No Home Owners Association
  • New Town Unlisted Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Bike Trail

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,858

Year Built

Built in 1967 | Remodeled

Lot Details

6,875 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • Additional Assessor Parcel Number 1: 00062300-000100
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Beach, Other Area Features, Bike Paths
  • Pets: Other See Remarks
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6857.60
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1967
  • Alternate Key Number: 1062707
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Heat, Ductless, Central Air
  • Lot Sq Ft: 6875.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info Number Of City License: 3
  • Shutters: Clam Shell
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: No
  • Estimated Living Sq Ft: 2823.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Smoke Alarms
  • Total Bathrooms: 5.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Freezer, Dryer, Disposal
  • Floor: Carpet, Tile, Marble
  • Half Bathrooms: 1
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 6
  • Accessibility Features: Parking

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Concrete, Stucco
  • Exterior Features: Built-in Grill, Shed, Privacy Wall/Fence, Rain Gutters
  • Roof: Other Roof, Tar/Gravel Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: Cable Available, Water Separate Meter, Municipal Sewer, Elect Separate Meter, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00062300-000000
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 29, 2021
Closed on
Aug 4, 2021
Sold by
Heimlich Kenneth R and Heimlich Carol L
Bought by
Ixora Kw Llc
Seller's Agent
John Parce
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
List Price
$1,150,000
Sold Price
$1,150,000
Current Estimated Value
$1,725,898

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$575,898
Avg. Annual Appreciation
9.16%
Original Mortgage
$920,000
Outstanding Balance
$850,583
Interest Rate
4.5%
Mortgage Type
Commercial
Estimated Equity
$875,315

Purchase Details

Closed on
Aug 20, 1997
Sold by
Archilla Francisco
Bought by
Heimlich Kenneth R and Heimlich Carol L

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
7.5%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1987
Bought by
Heimlich Kenneth R and Heimlich Carol L

Purchase Details

Closed on
Feb 1, 1977
Bought by
Heimlich Kenneth R and Heimlich Carol L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ixora Kw Llc $1,150,000 Florida Title Llc
Heimlich Kenneth R $325,000 --
Heimlich Kenneth R $250,000 --
Heimlich Kenneth R $81,100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ixora Kw Llc $920,000
Previous Owner Heimlich Kenneth R $192,000
Previous Owner Heimlich Kenneth R $200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/04/2021 08/04/21 Sold $1,150,000 0.0% $407 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
07/29/2021 07/29/21 For Sale $1,150,000 -- $407 / Sq Ft
Source: Florida Keys Board of REALTORS®

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
2025 $8,027 $831,312 $546,838 $284,474
2024 $11,083 $800,328 $518,650 $281,678
2023 $11,083 $1,158,052 $513,013 $645,039
2022 $10,300 $1,085,680 $439,725 $645,955
2021 $7,013 $654,324 $335,431 $318,893
2020 $6,858 $651,506 $332,613 $318,893
2019 $6,331 $575,822 $252,278 $323,544
2018 $6,709 $610,070 $281,875 $328,195
2017 $6,420 $590,339 $0 $0
2016 $6,783 $582,347 $0 $0
2015 $6,397 $503,471 $0 $0
2014 $5,979 $414,381 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2021

    John Parce

    Coldwell Banker Schmitt Real Estate Co. (KW)

  • Bobby Coe

    Buyer's Agent in 2021

    Bobby Coe

    RE/MAX

    (305) 363-9665

    21 in this area

    128 Total Sales

    Bobby Coe
    Section Image

  • B

    Buyer's Agent in 2021

    Bobby Coe IV

    Coastal Collection Real Estate Inc.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597089

Florida Keys Board of REALTORS®

APN: 00062300-000000

Florida Monroe County Key West 33040 Mid Town

1712 Josephine St, Key West, FL

Not Listed for Sale

MultiFamily

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