NOT LISTED FOR SALE

231 Coppitt Rd Key West, FL 33040

Estimated Value: $835,000 - $1,120,000

4 Beds
2 Baths
1,671 Sq Ft
$601/Sq Ft Est. Value

Last Sold July 03, 2012

Last sale price $200,000 $120 Per Sq Ft

Est. 402% increase in value since last sale

Current estimated payment $5,571/month

95 Days on Market

Highlights

  • Home fronts a canal
  • Laundry Room
  • Tile Flooring
  • No HOA
  • Shed
  • 1-minute walk to The Park

About This Home

As of July 2012

Duplex sits on a corner lot in Big Coppitt Key with approximately 175 feet of sea wall. Two (of 4)lot lines on water. Each unit is approximately 800 sq. ft. Both (legal) units are 2 bed & 1 bath. This one has always rented easily due to plenty of off street parking, water access / sea wall & proximity to Boca Chica Naval Air Station. Property has many potential uses due to suburban commercial (SC) zoning. Please refer to the Monroe County Code to see a list of possible redevelopment possibilities. Please note any & all redevelopment must be approved by the County, therefore please consult with an attorney and/or Monroe County to verify such possibilities. Each unit is currently rented for $1,100 per month (for a total of $2,200 per

Last Agent to Sell the Property

Walt Lee

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3159689 Listed on: 03/29/2012

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Walter Lee

Flagler Realty (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,408

Year Built

  • Built in 1948

Lot Details

  • 7,500 Sq Ft Lot
  • Home fronts a canal

Home Design

  • Duplex
  • Frame Construction
  • Shingle Roof
  • Stucco

Interior Spaces

  • 1,671 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Canal Views
  • Laundry Room

Kitchen

  • Oven
  • Range

Flooring

  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Parking

  • 4 Parking Spaces
  • Off-Street Parking

Outdoor Features

  • Shed

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 00150740-000000

Community Details

Overview

  • No Home Owners Association
  • Coppitt Sub Amd Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,408

Year Built

Built in 1948

Lot Details

7,500 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Dockage Seawall: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Big Coppitt
  • K W Neighborhood: Outside of Key West
  • Mile Marker: 9.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 4407.68
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 4+
  • Year Built: 1948
  • Alternate Key Number: 1195863
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 7500.00
  • Tax Exemptions: None
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1671.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Oven, Refrigerator, Range
  • Floor: Tile, Vinyl
  • Specialty Rooms: Laundry Room
  • Total Bedrooms: 4

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Stucco
  • Exterior Features: Shed, Storage
  • Roof: Shingle Roof
  • Waterview: Canal View
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00150740-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2009

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 13, 2016
Sold by
Island Home Builders Inc
Bought by
231 Coppitt Road Lllc
Current Estimated Value
$1,004,667

Purchase Details

Listed on
Mar 29, 2012
Closed on
Jun 25, 2012
Sold by
Wardlow Dennis J
Bought by
Island Home Builders Inc
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Walter Lee
Flagler Realty (KW)
List Price
$299,000
Sold Price
$200,000
Premium/Discount to List
-$99,000
-33.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.57%
Original Mortgage
$200,000
Interest Rate
3.83%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 8, 1994
Sold by
Chao Rolando
Bought by
Wardlow Dennis J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$122,000
Interest Rate
8.51%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 1, 1981
Bought by
231 Coppitt Road Llc
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
231 Coppitt Road Lllc $150,000 None Available
Island Home Builders Inc $200,000 Attorney
Wardlow Dennis J $125,000 --
231 Coppitt Road Llc $45,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Island Home Builders Inc $200,000
Previous Owner Wardlow Dennis J $122,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/03/2012 07/03/12 Sold $200,000 -33.1% $120 / Sq Ft
07/02/2012 07/02/12 Pending -- -- --
03/29/2012 03/29/12 For Sale $299,000 -- $179 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $4,740 $571,947 $397,500 $174,447
2024 $3,664 $619,435 $440,625 $178,810
2023 $3,664 $362,790 $210,000 $152,790
2022 $3,500 $362,790 $210,000 $152,790
2021 $3,178 $267,620 $136,875 $130,745
2020 $3,038 $262,059 $135,000 $127,059
2019 $2,735 $208,530 $131,250 $77,280
2018 $2,743 $204,899 $127,500 $77,399
2017 $2,552 $188,085 $0 $0
2016 $3,518 $281,494 $0 $0
2015 $3,765 $305,478 $0 $0
2014 $3,552 $259,701 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Walt Lee

    Seller's Agent in 2012

    Walt Lee

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 879-7355

    10 in this area

    84 Total Sales

    Walt Lee
    Section Image

  • W

    Buyer's Agent in 2012

    Walter Lee

    Flagler Realty (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116300

Florida Keys Board of REALTORS®

APN: 00150740-000000

Florida Monroe County Key West 33040

231 Coppitt Rd, Key West, FL

Not Listed for Sale

MultiFamily

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