NOT LISTED FOR SALE

Estimated Value: $722,137 - $1,356,000

5 Beds
3 Baths
2,400 Sq Ft
$443/Sq Ft Est. Value

Last Sold June 09, 2020

Last sale price $500,000 $208 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $6,225/month

1 Day on Market

About This Home

As of June 2020

Great investment opportunity with this legal Triplex located in midtown. Concrete structure with a new metal roof. The downstairs unit on the first floor has 3 bedrooms and 1 full bathroom. The two upstairs units are approximately 600 square feet each. Both upstairs units each have 1 bedroom and 1 full bathroom. Ten foot ceilings in all three units. Lots of off street parking, and great rental income.

Last Agent to Sell the Property

Justyn Ewald

Expert Realty LLC (HQ) License #3363807 Listed on: 05/25/2020

Co-Listed By

Austin Kimbler

Keller Williams Key West Compass Realty License #3454100

Last Buyer's Agent

Justyn Ewald

Buy The Keys (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,322

Year Built

  • Built in 1953

Lot Details

  • 5,000

Home Design

  • 2,400 Sq Ft Home

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Additional Features

  • Range
  • 5,000 Sq Ft Lot
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00045390-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,322

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 5321.55
  • Year Built: 1953
  • Alternate Key Number: 1045985
  • Lot Sq Ft: 5000.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2400.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Range, Refrigerator
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE,AE
  • Parcel Number: 00045390-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 25, 2020
Closed on
Jun 9, 2020
Sold by
Wall Wendell A
Bought by
Adrian Jessome Llc
Seller's Agent
Justyn Ewald
Expert Realty LLC (HQ)
Buyer's Agent
Justyn Ewald
Expert Realty LLC (HQ)
List Price
$750,000
Sold Price
$500,000
Premium/Discount to List
-$250,000
-33.33%
Total Days on Market
1
Current Estimated Value
$1,062,784

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$562,784
Avg. Annual Appreciation
15.75%

Purchase Details

Listed on
Sep 23, 2015
Closed on
Feb 19, 2016
Sold by
Ourednik Emil C
Bought by
Wall Wendall A
Seller's Agent
John Takovich
Island Real Estate Company Florida Keys
Buyer's Agent
Michael Petro
At Home in Key West, Inc.
List Price
$649,000
Sold Price
$510,000
Premium/Discount to List
-$139,000
-21.42%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-0.46%

Purchase Details

Listed on
Sep 18, 2014
Closed on
Sep 15, 2014
Sold by
Jpmorgan Chase Bank Na
Bought by
Ourednik Emil C
Seller's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
Buyer's Agent
Non Member
Non-Member Office (KW)
List Price
$390,000
Sold Price
$390,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.79%

Purchase Details

Closed on
Jul 1, 2014
Sold by
Coleman Jerry
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Jun 12, 2014
Sold by
Coleman Jerry
Bought by
Jpmorgan Chase Bank Na

Purchase Details

Closed on
Aug 26, 2003
Sold by
B & F Development Co
Bought by
Coleman Jerry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$414,000
Interest Rate
3.74%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 6, 2003
Sold by
Str Group Llc
Bought by
B & F Development Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,081,000
Interest Rate
5.75%
Mortgage Type
Construction

Purchase Details

Closed on
Nov 30, 2001
Sold by
Mary P Lounders I
Bought by
Str Group

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$397,000
Interest Rate
6.59%
Mortgage Type
Commercial
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
Adrian Jessome Llc $500,000 Attorney
Wall Wendall A $510,000 Attorney
Ourednik Emil C -- Fidelity Natl Title Of Fl In
Jpmorgan Chase Bank Na -- None Available
Jpmorgan Chase Bank Na -- None Available
Coleman Jerry $517,500 --
B & F Development Co $830,000 --
Str Group $525,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coleman Jerry $220,000
Previous Owner Coleman Jerry $414,000
Previous Owner B & F Development Co $1,081,000
Previous Owner Str Group $397,000
Closed B & F Development Co $125,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/09/2020 06/09/20 Sold $500,000 -33.3% $208 / Sq Ft
05/26/2020 05/26/20 Pending -- -- --
05/25/2020 05/25/20 For Sale $750,000 +47.1% $313 / Sq Ft
02/19/2016 02/19/16 Sold $510,000 -21.4% $213 / Sq Ft
02/05/2016 02/05/16 Pending -- -- --
09/23/2015 09/23/15 For Sale $649,000 +66.4% $270 / Sq Ft
09/19/2014 09/19/14 Sold $390,000 0.0% $163 / Sq Ft
09/19/2014 09/19/14 Pending -- -- --
09/18/2014 09/18/14 For Sale $390,000 -- $163 / 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 $7,019 $769,190 $460,000 $309,190
2023 $7,019 $726,822 $455,000 $271,822
2022 $6,406 $666,190 $390,000 $276,190
2021 $5,937 $531,384 $297,500 $233,884
2020 $5,781 $532,581 $295,000 $237,581
2019 $5,322 $461,331 $223,750 $237,581
2018 $5,657 $491,278 $250,000 $241,278
2017 $4,756 $473,778 $0 $0
2016 $4,805 $471,273 $0 $0
2015 $4,428 $401,885 $0 $0
2014 $3,774 $322,896 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590988

Florida Keys Board of REALTORS®

APN: 00045390-000000