NOT LISTED FOR SALE

2 Fletcher Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,820,556 - $2,547,000

3 Beds
3.5 Baths
1,875 Sq Ft
$1,153/Sq Ft Est. Value

Last Sold August 27, 2014

Last sale price $880,000 $469 Per Sq Ft

Est. 146% increase in value since last sale

Current estimated payment $12,200/month

391 Days on Market

Highlights

  • Detached Guest House
  • Cathedral Ceiling
  • Furnished
  • Concrete Pool
  • Wood Flooring
  • 3-minute walk to Dry Tortugas National Park

About This Home

As of August 2014

Wonderful, turn-key, 2 story Old Town home with beautiful Brazilian cherry floors, custom kitchen cabinets & Dade County pine walls. Obviously built by a ship builder, you can feel the custom woodwork quality throughout. Each bedroom enjoys lots of privacy with a split floor plan plus a guest cottage. Totaling 3 bedrooms & 3.5 baths with a great room that opens completely to the outdoors. Tropical landscaping and new Trex decking surround the heated pool & spa. The third bedroom cottage can double as guest quarters or a bar entertaining area with accordion style windows that open it up completely. Fully fenced for privacy & located between Grinnell & Margaret Streets, you can walk to everything from this unique property.

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 07/30/2013

Last Buyer's Agent

Richard Robinson

Key West Real Estate Sales & Rentals, LLC (KW) License #3009279

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,281

Year Built

  • Built in 1924

Lot Details

  • 2,069 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,875 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Awning
  • Blinds
  • French Doors
  • Sliding Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Spa
  • Heated Above Ground Pool

Additional Features

  • Patio
  • Detached Guest House
  • Central Air

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,281

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 5281.33
  • Title: Negotiable
  • Year Built: 1924
  • Alternate Key Number: 1005711
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 2069.00
  • Pool Info: Above Ground, In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1875.00
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Wet Bar, Drapes/Blinds Incl
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Microwave, Washer, Refrigerator, Range, Oven, Dryer, Disposal
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: Awning Windows, Sash/Screen Window, Sliding Glass Doors, French Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Fencing, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 9, 2015
Sold by
Warne Thomas E
Bought by
Warne Thomas E and Thomas E Warne Revocable Living Trust
Current Estimated Value
$2,161,389

Purchase Details

Listed on
Jul 30, 2013
Closed on
Aug 27, 2014
Sold by
Williams Terry Dean and Walker Gary Ray
Bought by
Warne Thomas E
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Richard Robinson
Key West Real Estate Sales & Rentals, LLC (KW)
List Price
$1,123,000
Sold Price
$880,000
Premium/Discount to List
-$243,000
-21.64%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.51%
Original Mortgage
$704,000
Outstanding Balance
$537,725
Interest Rate
4%
Mortgage Type
Adjustable Rate Mortgage/ARM
Estimated Equity
$1,635,573

Purchase Details

Closed on
Aug 20, 2002
Bought by
Warne Thomas E Revocable Living Trust

Purchase Details

Closed on
Aug 17, 1998
Bought by
Warne Thomas E Revocable Living Trust

Purchase Details

Closed on
Jun 1, 1996
Bought by
Warne Thomas E Revocable Living Trust

Purchase Details

Closed on
Feb 1, 1991
Bought by
Warne Thomas E Revocable Living Trust

Purchase Details

Closed on
Feb 1, 1977
Bought by
Warne Thomas E Revocable Living Trust
Source: Public Records

Range of Values:

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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
Warne Thomas E -- Attorney
Warne Thomas E $880,000 Attorney
Warne Thomas E Revocable Living Trust $19,600 --
Warne Thomas E Revocable Living Trust $365,000 --
Warne Thomas E Revocable Living Trust $326,500 --
Warne Thomas E Revocable Living Trust $235,000 --
Warne Thomas E Revocable Living Trust $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warne Thomas E $704,000
Previous Owner Williams Terry Dean $21,220
Previous Owner Williams Terry Dean $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/27/2014 08/27/14 Sold $880,000 -21.6% $469 / Sq Ft
08/25/2014 08/25/14 Pending -- -- --
07/30/2013 07/30/13 For Sale $1,123,000 -- $599 / 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 $9,435 $1,395,368 $938,563 $456,805
2023 $9,435 $1,219,455 $786,737 $432,718
2022 $8,255 $1,020,907 $583,151 $437,756
2021 $7,626 $821,987 $436,501 $385,486
2020 $7,430 $805,730 $411,772 $393,958
2019 $6,832 $727,581 $373,815 $353,766
2018 $6,711 $699,238 $340,459 $358,779
2017 $6,913 $708,958 $0 $0
2016 $8,117 $793,470 $0 $0
2015 $7,886 $748,612 $0 $0
2014 -- $510,864 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Spottswood

    Seller's Agent in 2014

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    117 in this area

    333 Total Sales

    Terri Spottswood
    Section Image

  • R

    Buyer's Agent in 2014

    Richard Robinson

    Key West Real Estate Sales & Rentals, LLC (KW)

    2 in this area

    4 Total Sales

    Richard Robinson
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 118389

Florida Keys Board of REALTORS®

APN: 00005530-000000

Florida Monroe County Key West 33040 Old Town

2 Fletcher Ln, Key West, FL

This home is located at 2 Fletcher Ln, Key West, FL 33040 since 30 July 2013 and is currently estimated at $2,161,389, approximately $1,152 per square foot. This property was built in 1924. 2 Fletcher Ln is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and The Basilica School of Saint Mary Star of the Sea.

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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