$790,000
SOLD MAR 13, 2025
3 Beds
3 Baths
1,160 Sq Ft
2,955 Sq Ft Lot

Recently Sold

$681 Per Sq Ft

5% Below List Price

280 Days on Market

Highlights

  • Granite Countertops
  • Balcony
  • 1-Story Property
  • No HOA
  • Shutters
  • Outdoor Storage

About This Home

As of March 2025

Step back in time with this historic 1948 home, steeped in the rich history of the Martinez Havana Cigar Factory. This residence was created by Luis Martinez using ''Indian Block'' known for its exceptional fireproof and hurricane-proof qualities. Meticulously updated and modernized, this home seamlessly blends historic charm with contemporary comforts.Inside, you'll find two bedrooms and a renovated full bath and half bath in the main house, offering a cozy retreat. The lockout/mother-in-law suite features a spacious bedroom with a sitting area and a renovated full bath, perfect for guests or extended family.The kitchen, updated in 2023, boasts KraftMaid cabinets and quartz countertops, creating a stylish and functional space for culinary enthusiasts. A new metal roof and double pane impact windows and doors add to the home's durability, low insurance and aesthetic appeal. Outside, new concrete patio and walkways (2023) and low-maintenance landscaping enhance the tropical ambiance, providing a serene setting for relaxation. Conveniently located close to schools and shopping, this home is not only a delightful residence but also an attractive investment opportunity.Offered at a great price, this historic gem is sure to captivate those seeking a unique blend of history and modern living. Don't miss out on the chance to own a piece of history in this idyllic tropical setting. Schedule your showing today!

Last Agent to Sell the Property

Dawn McComish

Lokation Real Estate License #3021595 Listed on: 05/03/2024

Lokation Real Estate

Last Buyer's Agent

Dawn McComish

Lokation Real Estate License #3021595 Listed on: 05/03/2024

Lokation Real Estate

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,793

Year Built

  • Built in 1948

Lot Details

  • 2,955 Sq Ft Lot
  • Property is zoned HDR - High Density Residential

Home Design

  • Metal Roof

Interior Spaces

  • 1,160 Sq Ft Home
  • 1-Story Property
  • Shutters
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Granite Countertops

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Key West Realty Cos Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00045220-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,793

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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 East
  • Limited Representation: No
  • 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: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4793.29
  • Title: Title Ins - Buyer
  • Year Built: 1948
  • Alternate Key Number: 1045811
  • Cooling Heating: Central Air
  • Lot Sq Ft: 2955.00
  • Porch Balcony: Open Porch/Balcony
  • Shutters: Bahama
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1160.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Granite Counter Top, Smoke Alarms
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00045220-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 3, 2024
Closed on
Mar 12, 2025
Sold by
Scheiding Susan
Bought by
Scheiding Susan
Seller's Agent
Dawn McComish
Lokation Real Estate
Buyer's Agent
Dawn McComish
Lokation Real Estate
List Price
$835,000
Sold Price
$790,000
Premium/Discount to List
-$45,000
-5.39%
Views
259
Current Estimated Value
$776,435

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$13,565
Avg. Annual Appreciation
-3.05%
Original Mortgage
$592,500
Interest Rate
6.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 23, 2022
Closed on
Sep 20, 2022
Sold by
Gilberto Varela Jr
Bought by
Guadagno Michael A and Guadagno Kimberly
Seller's Agent
Elaine Coyle
Tropical Properties Real Estat (KW)
Buyer's Agent
Austin Kimbler
Keller Williams Key West Compass Realty
List Price
$650,000
Sold Price
$575,000
Premium/Discount to List
-$75,000
-11.54%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.67%

Purchase Details

Closed on
Jul 2, 2013
Sold by
Varela Carida
Bought by
Varela Carida and Varela Gilberto

Purchase Details

Closed on
Feb 1, 1977
Bought by
Varela Carida
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 Type Sale Price Title Company
Quit Claim Deed -- None Listed On Document
Warranty Deed $790,000 None Listed On Document
Warranty Deed $575,000 First International Title
Interfamily Deed Transfer -- Attorney
Deed $30,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $592,500 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
03/13/2025 03/13/25 Sold $790,000 -5.4% $681 / Sq Ft
05/03/2024 05/03/24 For Sale $835,000 +45.2% $720 / Sq Ft
09/20/2022 09/20/22 Sold $575,000 -8.0% $496 / Sq Ft View Prior Sale
08/23/2022 08/23/22 Pending -- -- --
07/15/2022 07/15/22 Price Changed $625,000 -3.8% $539 / Sq Ft
06/23/2022 06/23/22 For Sale $650,000 -- $560 / Sq Ft
Source: Marathon and Lower Keys 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 $4,793 $615,569 $377,058 $238,511
2023 $4,793 $525,801 $333,442 $192,359
2022 $2,807 $362,893 $0 $0
2021 $2,561 $285,784 $0 $0
2020 $2,591 $289,987 $0 $0
2019 $2,504 $289,834 $0 $0
2018 $2,286 $248,528 $0 $0
2017 $2,261 $241,667 $0 $0
2016 $1,877 $227,438 $0 $0
2015 $1,773 $208,420 $0 $0
2014 $1,916 $218,555 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 609865

APN: 00045220-000000