NOT LISTED FOR SALE

Estimated Value: $902,672 - $1,352,000

4 Beds
2 Baths
1,374 Sq Ft
$851/Sq Ft Est. Value

Last Sold June 17, 2020

Last sale price $625,000 $455 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $6,777/month

18 Days on Market

Highlights

  • Granite Countertops
  • Stainless Steel Appliances
  • Shutters
  • No HOA
  • Balcony
  • Impact Glass

About This Home

As of June 2020

Meticulously maintained duplex in Mid Town Key West sitting on a 5,000 sq. ft. tropically landscaped lot. Only a short distance to schools, shopping centers, restaurants, beaches and Old Town. Total monthly rental income is $4,250. Each unit is a 2 Bedroom/1 Bath with just under 700 sq. ft. of living space. Inside you will find granite counter tops, stainless steel appliances, updated kitchens and tile flooring throughout. In addition the property has Central A/C, impact doors and hurricane shutters. Bricked pathways, off street parking for two and even room for a pool! This is great opportunity as a home with additional rental income to supplement a mortgage or as an investment property!

Last Agent to Sell the Property

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-395-2360 Listed on: 04/15/2020

Co-Listed By

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-395-2360 License #161619

Last Buyer's Agent

Curtis Skomp, CCIM

Coldwell Banker Schmitt/Branch (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,179

Year Built

  • Built in 1965 | Remodeled

Lot Details

  • 5,000

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,374 Sq Ft Home
  • Ceiling Fan
  • Shutters
  • Tile Flooring
  • Impact Glass

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio
  • Outdoor Storage

Utilities

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

Additional Features

  • 5,000 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Minimum Rental Period: 30

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,179

Year Built

Built in 1965 | Remodeled

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
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 5178.94
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1965
  • Alternate Key Number: 1047902
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 5000.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1374.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-395-2360
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Tile
  • Windows/Doors: Aluminum Windows, Impact Rstnce Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: Buyer To Verify Square Footage.

Exterior Features

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

Utilities

  • Utilities: Buyer to Verify, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Lot Size: 50 x 100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 15, 2020
Closed on
Jun 17, 2020
Sold by
1913 Seidenberg Ave Llc
Bought by
Foley Robert H
Seller's Agent
Team Spottswood/Vazquez
Truman & Co. (KW)
Buyer's Agent
Curtis Skomp, CCIM
Coldwell Banker Schmitt/Branch (KW)
List Price
$679,000
Sold Price
$625,000
Premium/Discount to List
-$54,000
-7.95%
Total Days on Market
18
Current Estimated Value
$1,169,168

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$544,168
Avg. Annual Appreciation
12.73%

Purchase Details

Listed on
Dec 12, 2017
Closed on
Jan 29, 2018
Sold by
Macdonald Okeith D and Taylor Caroline T
Bought by
1913 Sciedenberg Ave Lllc
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Team Spottswood/Vazquez
Truman & Co. (KW)
List Price
$599,000
Sold Price
$594,000
Premium/Discount to List
-$5,000
-0.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.16%

Purchase Details

Listed on
Apr 26, 2012
Closed on
Aug 29, 2012
Sold by
Centennial Bank
Bought by
Macdonald Keith D and Taylor Caroline T
Seller's Agent
Jimmy Lane
Island Life Realty Experts
Buyer's Agent
Paul Hayes
Beach Club Brokers (KW)
List Price
$330,000
Sold Price
$335,000
Premium/Discount to List
$5,000
1.52%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.19%
Original Mortgage
$326,507
Interest Rate
3.25%
Mortgage Type
FHA

Purchase Details

Closed on
Dec 28, 2011
Bought by
Macdonald Keith D

Purchase Details

Closed on
Dec 15, 2011
Sold by
Key West Investment Group Llc and Vazquez Raymond
Bought by
Marine Bank and Marine Bank Of The Florida Keys

Purchase Details

Closed on
Aug 6, 2007
Sold by
Hughes Erica N and Sterling Randall B
Bought by
Vazquez Raymond and Perez Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
6.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 15, 2005
Sold by
Hughes Erica N and Sterling Randall B
Bought by
Vasquez Raymond and Perez Allen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$551,250
Interest Rate
6.62%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 1, 1971
Bought by
Macdonald Keith D
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
Foley Robert H $625,000 Attorney
1913 Sciedenberg Ave Lllc $594,000 Attorney
Macdonald Keith D $335,000 Attorney
Macdonald Keith D $100 --
Marine Bank -- None Available
Vazquez Raymond -- Attorney
Vasquez Raymond $750,000 --
Hughes Erica N $586,000 --
Macdonald Keith D $22,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Macdonald Keith D $95,000
Previous Owner Macdonald Keith D $326,507
Previous Owner Vazquez Raymond $825,000
Previous Owner Perez Allen $200,000
Previous Owner Vasquez Raymond $551,250
Closed Vasquez Raymond $110,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2020 06/17/20 Sold $625,000 -8.0% $455 / Sq Ft
04/15/2020 04/15/20 For Sale $679,000 +14.3% $494 / Sq Ft
01/29/2018 01/29/18 Sold $594,000 -0.8% $432 / Sq Ft
12/28/2017 12/28/17 Pending -- -- --
12/12/2017 12/12/17 For Sale $599,000 +78.8% $436 / Sq Ft
09/06/2012 09/06/12 Sold $335,000 +1.5% $244 / Sq Ft
09/05/2012 09/05/12 Pending -- -- --
04/26/2012 04/26/12 For Sale $330,000 -- $240 / 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 $6,868 $776,535 $460,000 $316,535
2023 $6,868 $763,639 $455,000 $308,639
2022 $6,250 $702,167 $390,000 $312,167
2021 $5,785 $562,943 $297,500 $265,443
2020 $5,648 $563,455 $295,000 $268,455
2019 $5,179 $492,609 $223,750 $268,859
2018 $4,889 $480,406 $250,000 $230,406
2017 $4,545 $441,979 $0 $0
2016 $4,511 $434,279 $0 $0
2015 $4,181 $364,810 $0 $0
2014 $3,845 $289,448 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590566

Florida Keys Board of REALTORS®

APN: 00047290-000000