NOT LISTED FOR SALE

Estimated Value: $1,547,561 - $2,963,000

1 Bed
1.5 Baths
1,200 Sq Ft
$1,667/Sq Ft Est. Value

Last Sold May 25, 2022

Last sale price $1,525,000 $1,271 Per Sq Ft

Est. 41% increase in value since last sale

Current estimated payment $12,118/month

75 Days on Market

About This Home

As of May 2022

Currently offered for sale is a completed 1 Bedroom 1.5 Bath cottage on a little lane near the Hemingway House, just 1/2 block off Duval Street. Included in the current asking price is a sexy finished cottage along with plans for additional detached 2 bedroom 2 bath guest quarters and swimming pool. Buy today and you can plan your finishing touches on the cottage and start building your dream addition on this large Old Town lot with off-street parking, zoning for transient license and in the forever X flood zone. Currently listed for $1,550,000 as finished, or $2,190,000 if completed per plans.

Last Agent to Sell the Property

Everett Watkins

Keller Williams Key West Compass Realty License #513929 Listed on: 03/04/2022

Keller Williams Key West Compass Realty

Last Buyer's Agent

Barry Tracy

KeyIsle Realty - Florida Keys

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,790

Year Built

  • Built in 1948

Lot Details

  • 3,654 Sq Ft Lot
  • Property is zoned HRCC(1 - 4) - Hist Res Comm Core 1-4 SF Specl

Home Design

  • 1,200 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom

Utilities

  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Assessor Parcel Number 00017980-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,790

Year Built

Built in 1948

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 4790.07
  • Year Built: 1948
  • Alternate Key Number: 1018449
  • Lot Sq Ft: 3654.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1200.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Appliances: No Appliances
  • Half Bathrooms: 1
  • Total Bedrooms: 1

Exterior Features

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

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00017980-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 9, 2024
Sold by
Perry Jon and Perry Laura
Bought by
Gardner Claude John
Current Estimated Value
$2,147,197

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,400,000
Outstanding Balance
$1,379,670
Interest Rate
7.03%
Mortgage Type
New Conventional
Estimated Equity
$620,720

Purchase Details

Listed on
Mar 4, 2022
Closed on
May 20, 2022
Sold by
Zursec501 Llc
Bought by
Perry Jon and Perry Laura
Seller's Agent
Everett Watkins
Keller Williams Key West Compass Realty
Buyer's Agent
Barry Tracy
KeyIsle Realty - Florida Keys
List Price
$1,550,000
Sold Price
$1,525,000
Premium/Discount to List
-$25,000
-1.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.74%

Purchase Details

Listed on
May 12, 2017
Closed on
Jun 29, 2017
Sold by
Stuart Joann Cash and Stuart Johanna
Bought by
Zursec501 Llc
Seller's Agent
Gary McAdams
Barbara A. Anderson Realty
Buyer's Agent
Creative Technology
List Price
$649,900
Sold Price
$600,000
Premium/Discount to List
-$49,900
-7.68%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
20.92%

Purchase Details

Closed on
Jun 18, 2003
Sold by
Cash Thomas A
Bought by
Cash Stuart Joan
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Gardner Claude John $1,750,000 None Listed On Document
Perry Jon $1,525,000 Oropeza Stones Cardenas Pllc
Zursec501 Llc $600,000 Attorney
Cash Stuart Joan $143,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardner Claude John $1,400,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
05/25/2022 05/25/22 Sold $1,525,000 -1.6% $1,271 / Sq Ft
05/18/2022 05/18/22 Pending -- -- --
03/04/2022 03/04/22 For Sale $1,550,000 +158.3% $1,292 / Sq Ft
06/27/2017 06/27/17 Sold $600,000 -7.7% $500 / Sq Ft View Prior Sale
06/26/2017 06/26/17 Pending -- -- --
05/12/2017 05/12/17 For Sale $649,900 -- $542 / 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
2025 $12,013 $1,367,340 $835,962 $531,378
2024 $12,148 $1,400,696 $889,895 $510,801
2023 $12,148 $1,397,000 $913,865 $483,135
2022 $5,435 $609,113 $498,881 $110,232
2021 $4,790 $498,159 $449,442 $48,717
2020 $4,497 $466,621 $434,461 $32,160
2019 $4,790 $495,979 $462,925 $33,054
2018 $4,887 $496,872 $462,925 $33,947
2017 $4,556 $579,303 $0 $0
2016 $4,186 $468,989 $0 $0
2015 $3,626 $337,132 $0 $0
2014 $3,374 $284,350 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600283

Florida Keys Board of REALTORS®

APN: 00017980-000000