NOT LISTED FOR SALE

1907 Patterson Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $849,741 - $1,242,000

4 Beds
2 Baths
1,500 Sq Ft
$717/Sq Ft Est. Value

Last Sold January 31, 2018

Last sale price $510,000 $340 Per Sq Ft

Est. 111% increase in value since last sale

Current estimated payment $6,540/month

54 Days on Market

About This Home

As of January 2018

Key West investment opportunity can be yours. This centrally located money maker in the Sunshine Park Subdivision is just a short bike ride to Old Town, Smathers Beach, New Town and Garrison Bight Marina. Duplex with 2-bedrooms, 1-bath each side. tile floors and newer kitchen cabinets. New roof in 2011 and new windows in 2006. One unit has covered off street parking. Live in one unit and rent the other to pay your mortgage. Explore the possibility of adding an additional unit(s) with a second floor addition. Offered at recently appraised value of $590,000. Please do not disturb the tenants.

Last Agent to Sell the Property

Karen Lane

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3075559 Listed on: 11/22/2017

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Karen Lane

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3075559 Listed on: 11/22/2017

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,330

Year Built

  • Built in 1950

Lot Details

  • 7,000 Sq Ft Lot
  • Fenced

Home Design

  • 1,500 Sq Ft Home
  • Duplex

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • Covered Parking
  • Off-Street Parking

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Community Sewer or Septic

Additional Features

  • Range
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00051420-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Sunshine Sub Plat 3 Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,330

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: No
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 4329.56
  • Vehicle Storage: Covered Parking, Off Street Parking
  • Year Built: 1950
  • Alternate Key Number: 1052043
  • Building Style: Ground Level
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 7000.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1500.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing
  • Waterview: No Waterview

Utilities

  • Utilities: Community Swr Plant, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00051420-000000
  • Lot Size: 100 x 70
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.16

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 22, 2017
Closed on
Jan 31, 2018
Sold by
Brien Linda O
Bought by
Begam Anwara
Seller's Agent
Karen Lane
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Karen Lane
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$590,000
Sold Price
$510,000
Premium/Discount to List
-$80,000
-13.56%
Total Days on Market
54
Current Estimated Value
$1,074,935

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$564,935
Avg. Annual Appreciation
10.71%
Original Mortgage
$306,000
Outstanding Balance
$261,801
Interest Rate
3.94%
Mortgage Type
New Conventional
Estimated Equity
$813,134

Purchase Details

Closed on
Jul 2, 2010
Sold by
Allen Phyllis M
Bought by
Obrien Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$160,000
Interest Rate
4.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 8, 1997
Sold by
Phyllis M Allen Tr
Bought by
Allen Phyllis M

Purchase Details

Closed on
Feb 1, 1974
Bought by
Obrien Linda
Source: Public Records

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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
Begam Anwara $510,000 Attorney
Obrien Linda $280,000 First American Title
Allen Phyllis M $100 --
Obrien Linda $26,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Begam Anwara $306,000
Previous Owner Obrien Linda $160,000
Previous Owner Allen Phyllis M $60,000
Previous Owner Allen Phyllis M $246,076
Previous Owner Allen Phyllis M $35,000
Previous Owner Allen Phyllis M $226,656
Closed Allen Phyllis M $0
Closed Allen Phyllis M $55,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/31/2018 01/31/18 Sold $510,000 -13.6% $340 / Sq Ft
01/15/2018 01/15/18 Pending -- -- --
11/22/2017 11/22/17 For Sale $590,000 -- $393 / 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 $6,274 $717,571 $521,640 $195,931
2023 $6,274 $704,038 $515,970 $188,068
2022 $5,682 $635,652 $442,260 $193,392
2021 $5,228 $499,278 $337,365 $161,913
2020 $5,014 $498,643 $334,530 $164,113
2019 $4,559 $422,234 $253,733 $168,501
2018 $4,520 $445,388 $283,500 $161,888
2017 $4,339 $433,911 $0 $0
2016 $4,330 $432,336 $0 $0
2015 $3,974 $352,411 $0 $0
2014 $3,674 $266,351 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Karen Lane

    Seller's Agent in 2018

    Karen Lane

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 394-0858

    10 in this area

    64 Total Sales

    Karen Lane
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 577573

Florida Keys Board of REALTORS®

APN: 00051420-000000

Florida Monroe County Key West 33040 Mid Town

1907 Patterson Ave, Key West, FL

This home is located at 1907 Patterson Ave, Key West, FL 33040 since 22 November 2017 and is currently estimated at $1,074,935, approximately $716 per square foot. This property was built in 1950. 1907 Patterson 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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