NOT LISTED FOR SALE

2 Shore Terrace Key West, FL 33040

Estimated Value: $715,000 - $814,000

2 Beds
1 Bath
1,046 Sq Ft
$733/Sq Ft Est. Value

Last Sold February 14, 2023

Last sale price $630,000 $602 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $4,641/month

27 Days on Market

About This Home

As of February 2023

Classic 50's cottage with water front view just 10 miles outside of KW. 2bdrm / 1bthrm, 1,000 sq ft located on the corner of a private cul da sac - peninsular shared with three other homes on the Lane. Only the 20' wide Shore Terrace separates the property line from open bay front water views & convenient shoreline access for the kayak/canoe/rowing enthusiast. Ideal corner location at Shore Avenue & Shore Terrace. House is in great shape, new floors, upgraded kitchen & double hung sash windows throughout. Large 10' x 10' laundry room could be 3rd bedroom with existing doorway to rear porch. Metal roof, classic saw tooth additions and front & rear porches. House sits on 2'-3' high pilings - great open water views from front porch.******Engineer drawings available for the proposed elevated 600 sq.ft. bedroom & bathroom addition to the west side of the property.- Owner occupied for many years - recently vacated and easy to show. Transferable Flood Policy at $3,442 annually.

Last Agent to Sell the Property

Raymond Capas

Berkshire Hathaway HomeServices Knight & Gardner Realty License #171355 Listed on: 01/07/2023

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Mark MacLaughlin

R.W.A. REALTY INC.

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,538

Year Built

1953

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
  • Document Count: 6
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Big Coppitt
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 10.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 3828.61
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1953
  • Alternate Key Number: 1195821
  • Building Style: A-Frame
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 7500.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1046.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Drapes/Blinds Incl
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Refrigerator, Oven, Range
  • Floor: Tile, Combo, Wood
  • Windows/Doors: Double Hung Windows
  • Total Bedrooms: 2
  • Sq Ft Remarks: 1,000 sqft existing home with front & rear covered porches. Proposed 684 sqft bedroom & bathroom addition

Exterior Features

  • Dockage: None
  • Waterfront: Bay Front
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Shed, Storage
  • Roof: Metal Roof, Combo Roof, Shingle Roof
  • Waterview: Bay/Gulf View, Open Water View
  • Pool: No

Utilities

  • Utilities: FKAA, Elect Separate Meter, Community Swr Plant
  • Heating: None

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00150700-000000
  • Lot Size: 75 x 100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2023
Closed on
Feb 14, 2023
Sold by
Favelli Georgeann
Bought by
Srbek Jakub
Seller's Agent
Raymond Capas
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Mark MacLaughlin
R.W.A. REALTY INC.
List Price
$740,000
Sold Price
$630,000
Premium/Discount to List
-$110,000
-14.86%
Views
27
Current Estimated Value
$767,127

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$137,127
Avg. Annual Appreciation
8.42%
Original Mortgage
$530,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 28, 2019
Sold by
Barbara James Karla
Bought by
Favelli Georgeann

Purchase Details

Closed on
Dec 8, 2017
Sold by
Favelli Georgeann
Bought by
Favelli Georgeann and Favelli James Karla

Purchase Details

Closed on
Jul 10, 2017
Sold by
James Karla and James Karla Barbara
Bought by
Favelli Georgeann

Purchase Details

Listed on
May 26, 2016
Closed on
Dec 2, 2016
Sold by
Brook Robert A and Brook Monica M
Bought by
Favelli Georgeann and Favelli James Karla
Seller's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$425,000
Sold Price
$405,000
Premium/Discount to List
-$20,000
-4.71%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.68%

Purchase Details

Closed on
May 27, 2004
Sold by
Gil Antonio M and Vazquez Raymond
Bought by
Brook Robert A and Brook Monica M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$361,250
Interest Rate
5.88%
Mortgage Type
Construction

Purchase Details

Closed on
Feb 13, 2004
Sold by
Jones George R
Bought by
Gil Antonio M and Vazquez Raymond

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$142,500
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 1, 1977
Bought by
Brook Robert A and Brook Monica M
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
Srbek Jakub $630,000 --
Favelli Georgeann -- Spottswood Spottswood & Spotts
Favelli Georgeann -- Attorney
Favelli Georgeann -- Attorney
Favelli Georgeann $405,000 None Available
Brook Robert A $375,000 --
Gil Antonio M $190,000 --
Brook Robert A $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Srbek Jakub $523,600
Closed Srbek Jakub $530,000
Previous Owner Brook Robert A $361,250
Previous Owner Gil Antonio M $142,500
Previous Owner Galvan Daniel $145,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/14/2023 02/14/23 Sold $630,000 -14.9% $602 / Sq Ft
02/03/2023 02/03/23 Pending -- -- --
01/07/2023 01/07/23 For Sale $740,000 +82.7% $707 / Sq Ft
12/02/2016 12/02/16 Sold $405,000 -4.7% $392 / Sq Ft
12/02/2016 12/02/16 Pending -- -- --
05/26/2016 05/26/16 For Sale $425,000 -- $412 / Sq Ft
Source: Key West 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 $5,538 $617,624 $450,000 $167,624
2023 $5,538 $600,454 $436,875 $163,579
2022 $5,508 $596,541 $429,000 $167,541
2021 $3,829 $374,494 $231,000 $143,494
2020 $3,830 $371,284 $228,938 $142,346
2019 $3,798 $366,726 $222,750 $143,976
2018 $3,924 $369,986 $222,750 $147,236
2017 $2,857 $343,996 $0 $0
2016 $2,297 $195,939 $0 $0
2015 $1,235 $123,467 $0 $0
2014 $1,261 $122,487 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Raymond Capas

    Seller's Agent in 2023

    Raymond Capas

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 587-3483

    3 in this area

    15 Total Sales

    Raymond Capas
    Section Image

  • M

    Buyer's Agent in 2023

    Mark MacLaughlin

    R.W.A. REALTY INC.

  • Brenda Donnelly

    Seller's Agent in 2016

    Brenda Donnelly

    Brenda Donnelly Real Estate LLC

    (305) 304-1116

    176 Total Sales

    Brenda Donnelly
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 603674

Key West Association of REALTORS®

APN: 1195821

Florida Monroe County Key West 33040

2 Shore Terrace, Key West, FL

This home is located at 2 Shore Terrace, Key West, FL 33040 since 07 January 2023 and is currently estimated at $767,127, approximately $733 per square foot. This property was built in 1953. 2 Shore Terrace is a home located in Monroe County with nearby schools including Sugarloaf School and Key West High 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.

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