NOT LISTED FOR SALE

Estimated Value: $1,348,747 - $1,569,000

5 Beds
6 Baths
1,544 Sq Ft
$913/Sq Ft Est. Value

Last Sold February 01, 2022

Last sale price $1,224,750 $793 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,518/month

112 Days on Market

Highlights

  • Detached Guest House
  • Wood Flooring
  • No HOA
  • Deck
  • Granite Countertops
  • Shutters

About This Home

As of February 2022

Excellent opportunity for an owner occupied property with income from 3 additional apartment rentals or for a pure rental property with a total of 4 units. In the heart of mid-town Key West on a 5,000sf lot, large 2BD/3BA owners unit has granite counters, bamboo floors, washer/dryer & a large bonus space off the primary bedroom to set up as a home office. With its own private front porch and large private back deck you have everything you need for a wonderful home! In the rear of the large unit there is a detached cottage currently used for storage but can be used as an art studio or shop. The 4 units are configured as follows 2BD/3BA Owners Unit, a 1BD/1BA, a Studio & an Efficiency. The 1BD/1BA in the rear has French doors leading to a nice back wooden deck for entertaining. All units are on one level and all have propane stoves. A new roof was installed in 2017 & a complete fire alarm system. There is a washer/dryer room for the 3 smaller units to share (Perhaps install coin operated machines for added income). Hardi-board siding, fantastic outdoor shower for the primary unit, 30amp 220volt outlet for electric car, fiber internet.

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 08/23/2021

Co-Listed By

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Last Buyer's Agent

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,320

Year Built

  • Built in 1928 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced

Home Design

  • Frame Construction
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 1,544 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Shutters
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 6 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Deck
  • Outdoor Storage

Additional Homes

  • Detached Guest House

Utilities

  • Cooling System Mounted To A Wall/Window
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00045430-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,320

Year Built

Built in 1928 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 2
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 4320.00
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1928
  • Alternate Key Number: 1046027
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 5000.00
  • Porch Balcony: Deck
  • Shutters: Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1544.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Gas Appliances, Microwave, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: Sash/Screen Window
  • Total Bedrooms: 5
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Detached Guest Qtrs, Storage, Outdoor Shower, Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Propane, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00045430-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 23, 2021
Closed on
Mar 30, 2022
Sold by
Linville Nathaniel C and Linville Mary Kathryn
Bought by
2207 Flagler Llc
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Team Spottswood/Vazquez
Truman & Co. (KW)
List Price
$1,299,500
Sold Price
$1,224,750
Premium/Discount to List
-$74,750
-5.75%
Total Days on Market
112
Current Estimated Value
$1,409,187

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$184,437
Avg. Annual Appreciation
3.36%
Original Mortgage
$918,562
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Listed on
Aug 23, 2021
Closed on
Feb 1, 2022
Sold by
Pidgeon Jonathan W and Pidgeon Megan M
Bought by
Linville Nathaniel C and Vallilee Kathryn Mary
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Team Spottswood/Vazquez
Truman & Co. (KW)
List Price
$1,299,500
Sold Price
$1,224,750
Premium/Discount to List
-$74,750
-5.75%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$918,562
Interest Rate
3.45%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 22, 2016
Sold by
Kellogg Michael and Kellogg Cheryl D
Bought by
Pidgeon Jonathan W and Pidgeon Megan M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$610,000
Interest Rate
3.42%
Mortgage Type
Commercial

Purchase Details

Closed on
Feb 26, 2002
Bought by
Pidgeon Jonathan W and Pidgeon Megan M

Purchase Details

Closed on
Feb 8, 2001
Bought by
Pidgeon Jonathan W and Pidgeon Megan M
Source: Public Records

Range of Values:

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Average Value
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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
2207 Flagler Llc -- Vdf Law Pllc
Linville Nathaniel C $1,224,800 Spottswood Spottswood Spottswo
Pidgeon Jonathan W $600,000 First International Title In
Pidgeon Jonathan W $136,000 --
Pidgeon Jonathan W $205,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Linville Nathaniel C $918,562
Previous Owner Pidgeon Jonathan W $610,000
Previous Owner Kellogg Michael W $277,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/01/2022 02/01/22 Sold $1,224,750 -5.8% $793 / Sq Ft
08/23/2021 08/23/21 For Sale $1,299,500 +116.6% $842 / Sq Ft
08/22/2016 08/22/16 Sold $600,000 -7.6% $389 / Sq Ft
08/12/2016 08/12/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $649,000 -- $420 / 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 $7,565 $689,135 $368,000 $321,135
2023 $7,565 $681,430 $364,000 $317,430
2022 $5,550 $537,933 $0 $0
2021 $5,247 $444,469 $0 $0
2020 $4,320 $441,804 $0 $0
2019 $4,104 $411,132 $179,000 $232,132
2018 $4,760 $437,245 $200,000 $237,245
2017 $4,609 $413,020 $0 $0
2016 $4,016 $354,407 $0 $0
2015 $3,880 $337,223 $0 $0
2014 $3,547 $260,786 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597443

Florida Keys Board of REALTORS®

APN: 00045430-000000