NOT LISTED FOR SALE

2405 Flagler Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,232,000 - $1,276,000

4 Beds
2 Baths
1,479 Sq Ft
$844/Sq Ft Est. Value

Last Sold February 05, 2021

Last sale price $755,000 $510 Per Sq Ft

Est. 65% increase in value since last sale

Current estimated payment $7,481/month

12 Days on Market

Highlights

  • No HOA
  • Tile Flooring
  • Ceiling Fan
  • Balcony
  • Central Air

About This Home

As of February 2021

Great investment opportunity! Beautifully updated duplex in Mid-town. Close to Key West High school, grocery stores and minutes from Key West best restaurants and Duval Street. Each unit is 2 BD/1 BA and boasts large bed rooms, updated kitchens, and private back yards. Rent the entire property and collect rental income or live in one unit and rent out the other to offset the mortgage. The property was recently updated including new roof, electric, all spalling work, and painted. Property is estimated to bring a 5.5% ROI. Vacant and very easy to show. Short notice ok.

Last Listed By

Derek Epperly

Keys Atlantic Realty License #3313232 Listed on: 12/16/2020

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,089

Year Built

  • Built in 1950

Lot Details

  • 6,047

Parking

  • Off-Street Parking

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,479 Sq Ft Home
  • Ceiling Fan
  • Tile Flooring

Kitchen

  • Range
  • Microwave
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Additional Features

  • Balcony
  • 6,047 Sq Ft Lot
  • Ground Level

Listing and Financial Details

  • Assessor Parcel Number 00045690-000000

Community Details

Overview

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

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,089

Year Built

Built in 1950

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Key Island: Key West
  • K W Neighborhood: Midtown West
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: VA
  • Side: Median
  • State Province: FL
  • Taxes: 4089.00
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1950
  • Alternate Key Number: 1046272
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 6047.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1479.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Refrigerator, Range, Microwave
  • Floor: Tile
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00045690-000000
  • Land Size: More than 1 Lot
  • Acres: 0.14

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 16, 2020
Closed on
Feb 5, 2021
Sold by
Onderdonk Gary and Onderdonk Diane
Bought by
Warren Henry George and Warren Nancy W
Seller's Agent
Derek Epperly
Keys Atlantic Realty
Buyer's Agent
Derek Epperly
Keys Atlantic Realty
List Price
$785,000
Sold Price
$755,000
Premium/Discount to List
-$30,000
-3.82%
Total Days on Market
12
Current Estimated Value
$1,249,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$494,000
Avg. Annual Appreciation
12.39%
Original Mortgage
$758,714
Outstanding Balance
$685,206
Interest Rate
2.6%
Mortgage Type
VA
Estimated Equity
$563,794

Purchase Details

Listed on
May 13, 2015
Closed on
Jun 15, 2015
Sold by
The Bank Of New York Mellon
Bought by
Onderdonk Gary and Onderdonk Diane
Seller's Agent
Melva Borley
Sunshine State Realty Service
Buyer's Agent
Louis Condos
Home Edge Inc. (KW)
List Price
$364,000
Sold Price
$460,100
Premium/Discount to List
$96,100
26.4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.26%
Original Mortgage
$368,080
Interest Rate
3.92%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Sep 8, 2014
Sold by
Dale Teri
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Aug 26, 2014
Sold by
Dale Teri
Bought by
The Bank Of New York Mellon and Bank Of New York

Purchase Details

Closed on
Oct 12, 2004
Sold by
Lanier Jeanette G and Martin Helen J
Bought by
Moore Lorraine and Wozniak Nancy P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$479,200
Interest Rate
5.25%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 7, 2001
Bought by
Onderdonk Gary and Onderdonk Diane

Purchase Details

Closed on
Oct 1, 1995
Bought by
Onderdonk Gary and Onderdonk Diane

Purchase Details

Closed on
Jun 1, 1991
Bought by
Onderdonk Gary and Onderdonk Diane

Purchase Details

Closed on
Apr 1, 1986
Bought by
Onderdonk Gary and Onderdonk Diane

Range of Values:

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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
Warren Henry George $755,000 Attorney
Onderdonk Gary $460,100 Attorney
The Bank Of New York Mellon -- None Available
The Bank Of New York Mellon $230,100 None Available
Moore Lorraine $599,000 First American Title Ins Co
Onderdonk Gary $277,500 --
Onderdonk Gary $200,000 --
Onderdonk Gary $122,000 --
Onderdonk Gary $60,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Warren Henry George $758,714
Previous Owner Onderdonk Gary $368,080
Previous Owner Moore Lorraine $479,200
Closed Moore Lorraine $59,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/05/2021 02/05/21 Sold $755,000 -3.8% $510 / Sq Ft
12/28/2020 12/28/20 Pending -- -- --
12/16/2020 12/16/20 For Sale $785,000 +70.6% $531 / Sq Ft
07/08/2015 07/08/15 Sold $460,100 +26.4% $311 / Sq Ft
07/06/2015 07/06/15 Pending -- -- --
05/13/2015 05/13/15 For Sale $364,000 -- $246 / 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 $5,877 $645,722 -- --
2023 $5,877 $632,504 $0 $0
2022 $5,494 $598,407 $335,826 $262,581
2021 $4,871 $478,613 $256,175 $222,438
2020 $4,470 $430,314 $254,022 $176,292
2019 $4,089 $368,962 $192,670 $176,292
2018 $4,394 $396,575 $215,273 $181,302
2017 $4,343 $384,011 $0 $0
2016 $4,468 $375,947 $0 $0
2015 $4,416 $358,442 $0 $0
2014 $4,188 $283,684 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Derek Epperly

    Seller's Agent in 2021

    Derek Epperly

    Keys Atlantic Realty

    (305) 923-4833

    13 in this area

    49 Total Sales

    Derek Epperly
    Section Image

  • D

    Buyer's Agent in 2021

    Derek Epperly, PA

    Berkshire Hathaway HomeServices Knight & Gardner Realty

  • Melva Borley

    Seller's Agent in 2015

    Melva Borley

    Sunshine State Realty Service

    (305) 797-4324

    81 Total Sales

    Melva Borley
    Section Image

  • L

    Seller Co-Listing Agent in 2015

    Lena Mamone

    Sunshine State Realty Services

  • L

    Buyer's Agent in 2015

    Louis Condos

    Home Edge Inc. (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593781

Florida Keys Board of REALTORS®

APN: 00045690-000000

Florida Monroe County Key West 33040 Mid Town

2405 Flagler Ave, Key West, FL

Homes for Sale in Key West, FL

This home is located at 2405 Flagler Ave, Key West, FL 33040 since 16 December 2020 and is currently estimated at $1,249,000, approximately $844 per square foot. This property was built in 1950. 2405 Flagler Ave is a home located in Monroe County with nearby schools including Poinciana Elementary School, Key West High School, and May Sands Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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