NOT LISTED FOR SALE

1716 Washington St Unit 1 AND 2 Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,361,000 - $1,646,000

3 Beds
3 Baths
1,785 Sq Ft
$827/Sq Ft Est. Value

Last Sold June 28, 2024

Last sale price $1,400,000 $784 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $8,439/month

66 Days on Market

About This Home

As of June 2024

Great Income Producing Property located and sought after neighborhood. Discover the epitome of island living with this lovely 3-bedroom, 2 1/2-bathroom duplex nestled in the sought-after community of Key West. Boasting not only a stunning pool but also a lucrative rental opportunity, this property offers the perfect blend of luxury, comfort, and income potential.Key Features:Dual Living Spaces: This unique duplex is divided into two distinct units--a spacious 2-bedroom, 1.5-bathroom owner's unit and a separate 1-bedroom, 1-bathroom rental unit. Whether you're seeking a primary residence with rental income or a smart investment opportunity, this setup provides flexibility and financial benefits.Owner's Unit: Step into the elegantly appointed owner's unit, featuring two bedrooms, a well-appointed kitchen, comfortable living spaces, and a private patio overlooking the lush backyard oasis.Rental Unit: The charming rental unit offers one bedroom, a full bathroom, a cozy living area, and a kitchenette, providing a comfortable space for guests or tenants to enjoy their own private retreat.Outdoor Haven: Escape to the backyard paradise, where a sparkling pool beckons on warm Key West days. The backyard offers ample space for outdoor entertaining, this oasis is perfect for relaxation and recreation. The open backyard pool area also over a blank canvas for a creative design minded person to add lush landscaping and room for a small guest/pool house.Prime Location: Situated on a generous 4,862 square foot lot, this duplex enjoys a prime location in Key West, offering easy access to beaches, dining, shopping, and a wealth of recreational activities.

Last Agent to Sell the Property

Shad Knapp

Beach Club Brokers (KW) License #3328438 Listed on: 03/21/2024

Beach Club Brokers (KW)

Co-Listed By

Paul Hayes

Beach Club Brokers (KW) License #628611

Last Buyer's Agent

Shad Knapp

Beach Club Brokers (KW) License #3328438 Listed on: 03/21/2024

Beach Club Brokers (KW)

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,664

Year Built

1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • 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: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 7663.75
  • Year Built: 1943
  • Alternate Key Number: 1043648
  • Lot Sq Ft: 4862.00
  • Pool Info: In Ground
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1785.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Elect Separate Meter, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Parcel Number: 00043010-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 21, 2024
Closed on
Jun 28, 2024
Sold by
Doyle Sharon L
Bought by
1716 Kw Llc
Seller's Agent
Shad Knapp
Beach Club Brokers (KW)
Buyer's Agent
Shad Knapp
Beach Club Brokers (KW)
List Price
$1,599,000
Sold Price
$1,400,000
Premium/Discount to List
-$199,000
-12.45%
Views
42
Current Estimated Value
$1,476,910

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$76,910
Avg. Annual Appreciation
4.37%

Purchase Details

Closed on
Jan 20, 2011
Sold by
Hsbc Bank Usa National Association
Bought by
Doyle Sharon L

Purchase Details

Closed on
Apr 21, 2010
Sold by
Pearce Harlan W
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Mar 30, 2010
Bought by
Doyle Sharon L

Purchase Details

Closed on
Mar 10, 2010
Sold by
Pearce Harlan W and Pearce Angela Stevens
Bought by
Hsbc Bank Usa National Association

Purchase Details

Closed on
Dec 14, 2009
Sold by
Bailey Mark E
Bought by
Gmac Mortgage Llc

Purchase Details

Closed on
Dec 18, 2003
Sold by
Fairchild James A and Hanson Joseph R
Bought by
Pearce Harlan W and Pearce Angela Stevens

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$552,000
Interest Rate
7.12%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 1994
Sold by
Fairchild James A
Bought by
Fairchild James A and Hanson Joseph R

Purchase Details

Closed on
Nov 1, 1979
Bought by
Doyle Sharon L
Source: Public Records

Range of Values:

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Average Value
Not Available
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
1716 Kw Llc $1,400,000 None Listed On Document
Doyle Sharon L $319,000 Southern Fincl Title Svcs
Hsbc Bank Usa National Association -- None Available
Doyle Sharon L $100 --
Hsbc Bank Usa National Association -- None Available
Gmac Mortgage Llc -- Attorney
Pearce Harlan W $690,000 Chicago Title Of The Fl Keys
Fairchild James A -- --
Doyle Sharon L $50,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pearce Harlan W $744,000
Previous Owner Pearce Harlan W $552,000
Previous Owner Fairchild James A $25,000
Previous Owner Fairchild James A $76,404
Closed Pearce Harlan W $97,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/28/2024 06/28/24 Sold $1,400,000 -6.6% $784 / Sq Ft
04/13/2024 04/13/24 Price Changed $1,499,000 -6.3% $840 / Sq Ft
03/21/2024 03/21/24 For Sale $1,599,000 -- $896 / Sq Ft
Source: Key West Association 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 $7,664 $1,087,925 $833,152 $254,773
2023 $7,664 $1,007,155 $760,004 $247,151
2022 $6,586 $788,823 $540,557 $248,266
2021 $5,905 $576,643 $357,065 $219,578
2020 $5,702 $560,503 $337,228 $223,275
2019 $5,433 $551,070 $324,101 $226,969
2018 $5,320 $569,625 $336,377 $233,248
2017 $5,165 $573,447 $0 $0
2016 $5,248 $596,128 $0 $0
2015 $4,669 $456,362 $0 $0
2014 $4,021 $306,436 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 609263

Key West Association of REALTORS®

APN: 00043010-000000