NOT LISTED FOR SALE

Estimated Value: $812,814 - $1,092,000

2 Beds
2 Baths
1,119 Sq Ft
$844/Sq Ft Est. Value

Last Sold September 24, 2018

Last sale price $505,000 $451 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $5,495/month

13 Days on Market

Highlights

  • Fruit Trees
  • Wood Flooring
  • Screened Balcony
  • Deck
  • No HOA
  • Jalousie or louvered window

About This Home

As of September 2018

Step into Key West history. This lovingly maintained, two-story home is on the market for the first time in 50 years! Each level is a separately metered, legal, 1 bed, 1 bath unit. Live in one, rent out the other... or keep them both so you have plenty of room for guests! Privacy abounds from two large screened porches that overlook a lushly landscaped, tropical oasis on a 5,000 square foot lot. An outdoor shower lets you fully experience your tropical surroundings. Two off street parking spots! Fabulous Midtown East location... minutes from all Key West has to offer! Do not miss this one!

Last Agent to Sell the Property

Stephen Andrews

Keller Williams Key West Compass Realty License #SL3414468 Listed on: 08/06/2018

Keller Williams Key West Compass Realty

Last Buyer's Agent

Joan Kelley

Ocean Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,278

Year Built

  • Built in 1943 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Fruit Trees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,119 Sq Ft Home
  • Ceiling Fan
  • Jalousie or louvered window
  • Shutters
  • French Doors
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Microwave
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Concrete
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Screened Balcony
  • Deck
  • Screened Patio
  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00047280-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,278

Year Built

Built in 1943 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Control Depth: 100
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3278.27
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1943
  • Alternate Key Number: 1047899
  • Building Style: Other Bldg Style
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 5000.00
  • Porch Balcony: Deck, Screened P/B, Screened Patio, Patio, Open Porch/Balcony
  • Shutters: Panel
  • Tax Exemptions: Homestead
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 1119.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Microwave, Refrigerator, Oven
  • Floor: Concrete, Wood, Vinyl
  • Windows/Doors: French Doors, Sash/Screen Window, Jalousie Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fruit Tree(s), Shed
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Cable Available, FKAA
  • Heating: None

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00047280-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 6, 2018
Closed on
Sep 24, 2018
Sold by
Ellen Heizmann
Bought by
Bowden Ralph S and Bowden Kathryn A
Seller's Agent
Stephen Andrews
Keller Williams Key West Compass Realty
Buyer's Agent
Joan Kelley
Ocean Sotheby's International Realty
List Price
$497,000
Sold Price
$505,000
Premium/Discount to List
$8,000
1.61%
Current Estimated Value
$943,954

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,954
Avg. Annual Appreciation
9.84%
Original Mortgage
$300,000
Outstanding Balance
$262,155
Interest Rate
4.5%
Mortgage Type
New Conventional
Estimated Equity
$712,120
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
Bowden Ralph S $505,000 None Listed On Document
Bowden Ralph S $505,000 Attorney
Bowden Ralph S $505,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Bowden Ralph S $300,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/24/2018 09/24/18 Sold $505,000 +1.6% $451 / Sq Ft
08/19/2018 08/19/18 Pending -- -- --
08/06/2018 08/06/18 For Sale $497,000 -- $444 / 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 $6,116 $708,124 $460,000 $248,124
2023 $6,116 $676,019 $455,000 $221,019
2022 $5,550 $614,054 $390,000 $224,054
2021 $5,125 $487,544 $297,500 $190,044
2020 $4,996 $490,112 $295,000 $195,112
2019 $4,574 $423,931 $223,750 $200,181
2018 $4,293 $413,608 $250,000 $163,608
2017 $4,099 $396,108 $0 $0
2016 $4,084 $393,632 $0 $0
2015 $3,745 $317,015 $0 $0
2014 $3,452 $251,727 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 581511

Florida Keys Board of REALTORS®

APN: 00047280-000000