NOT LISTED FOR SALE

Estimated Value: $1,832,000 - $3,102,000

3 Beds
3 Baths
2,296 Sq Ft
$1,057/Sq Ft Est. Value

Last Sold August 24, 2012

Last sale price $625,000 $272 Per Sq Ft

Est. 288% increase in value since last sale

Current estimated payment $14,007/month

204 Days on Market

Highlights

  • In Ground Pool
  • Screened Balcony
  • Bar
  • Wood Flooring
  • Jalousie or louvered window
  • 5-minute walk to Truman Annex Park

About This Home

As of August 2012

Spacious 3bed/3bath home in the unique and secluded Old Town compound. Known as the writers compound. Teak floors, lots of stained glass, chair rail molding and wainscoting through out. Living room, bar and kitchen overlook the private backyard. Inviting pool surrounded by lush landscaping. Off Street parking. Enormous potential. Great as investment property or for you to create your own oasis. Property is located in a transient zone.

Last Agent to Sell the Property

Monika Sundstrom

Ocean Sotheby's International Realty Listed on: 02/02/2012

Last Buyer's Agent

Michele Grahl

Compass Realty (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,537

Year Built

  • Built in 1942

Lot Details

  • 4,192 Sq Ft Lot
  • Fenced

HOA Fees

  • $250 Monthly HOA Fees

Parking

  • 1 Parking Space

Home Design

  • Frame Construction
  • Shingle Roof
  • Metal Roof

Interior Spaces

  • 2,296 Sq Ft Home
  • Bar
  • Ceiling Fan
  • Jalousie or louvered window
  • Storage
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Outdoor Features

  • In Ground Pool
  • Screened Balcony
  • Outdoor Storage

Additional Features

  • Ground Level
  • Cooling System Mounted To A Wall/Window

Community Details

  • Association fees include common area mnt

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,537

Year Built

Built in 1942

Lot Details

0

HOA Fees

$250 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: Yes
  • Association Fee: 750.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt, Other
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4536.60
  • Title: Negotiable
  • Vehicle Storage Cars: 1
  • Year Built: 1942
  • Alternate Key Number: 8627165
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 4192.00
  • Pool Info: In Ground
  • Porch Balcony: Screened P/B
  • Association Maintenance Fee Per: Quarterly
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 2296.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Smoke Alarms, Storage
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Microwave, Refrigerator, Range, Oven
  • Floor: Carpet, Wood, Tile
  • Windows/Doors: Jalousie Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof, Shingle Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2012
Closed on
Aug 24, 2012
Sold by
Stoerback John and Stoerback Michelle
Bought by
Gagel Michael T and Glueck Albert W
Seller's Agent
Monika Sundstrom
Ocean Sotheby's International Realty
Buyer's Agent
Michele Grahl
Compass Realty (KW)
List Price
$699,000
Sold Price
$625,000
Premium/Discount to List
-$74,000
-10.59%
Current Estimated Value
$2,427,227

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,802,227
Avg. Annual Appreciation
11.28%
Original Mortgage
$400,000
Outstanding Balance
$282,780
Interest Rate
3.58%
Mortgage Type
New Conventional
Estimated Equity
$2,178,622

Purchase Details

Closed on
Oct 7, 2010
Sold by
Stoerback Michelle
Bought by
Stoerback Michelle and Stoerback John

Purchase Details

Closed on
Mar 13, 2006
Sold by
Stoerback Michelle
Bought by
Stoerback Michelle

Purchase Details

Closed on
Sep 1, 2005
Sold by
Matherson Robert
Bought by
Stoerback Michelle and The Robert W Matherson Living Trust

Purchase Details

Closed on
Aug 30, 2005
Sold by
Matherson Robert W
Bought by
Matherson Robert W and Rossi Karen

Purchase Details

Closed on
Feb 18, 2000
Sold by
Hnat Richard F and Hnat Sylvia C
Bought by
Matherson Robert

Purchase Details

Closed on
May 1, 1987
Bought by
Gagel Michael T
Source: Public Records

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Range of Values:

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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
Gagel Michael T $625,000 Attorney
Stoerback Michelle -- None Available
Stoerback Michelle -- Attorney
Stoerback Michelle -- --
Matherson Robert W -- --
Matherson Robert $365,000 --
Gagel Michael T $225,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gagel Michael T $400,000
Previous Owner Matherson Robert $175,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/24/2012 08/24/12 Sold $625,000 -10.6% $272 / Sq Ft
08/24/2012 08/24/12 Pending -- -- --
02/02/2012 02/02/12 For Sale $699,000 -- $304 / 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 $10,494 $1,662,504 $1,280,180 $382,324
2023 $10,494 $1,480,455 $1,113,200 $367,255
2022 $8,680 $1,074,577 $699,229 $375,348
2021 $8,027 $867,828 $591,166 $276,662
2020 $8,356 $908,403 $625,068 $283,335
2019 $7,970 $856,649 $569,977 $286,672
2018 $8,479 $895,485 $602,140 $293,345
2017 $8,169 $862,263 $0 $0
2016 $7,903 $791,242 $0 $0
2015 $7,519 $748,924 $0 $0
2014 $7,054 $657,072 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116031

Florida Keys Board of REALTORS®

APN: 00001200-000200