NOT LISTED FOR SALE

25 Emerald Dr Key West, FL 33040

Estimated Value: $1,305,207 - $2,686,000

8 Beds
5 Baths
3,851 Sq Ft
$458/Sq Ft Est. Value

Last Sold October 31, 2022

Last sale price $1,280,000 $332 Per Sq Ft

Est. 27% increase in value since last sale

Current estimated payment $9,443/month

10 Days on Market

About This Home

As of October 2022

First time offered. This home is a investment that will pay off. Low upkeep, big value for a 3851 sqft house settled on a peaceful residential District of Big Coppitt, nestled on an oversized wooded lot. Finishing touches are all that is needed for this well built multi-unit home. Playful pleasures of the Gulf ocean life are down at the 36ft wooden dock and up at the covered porch and balconies overlooking a deep and wide canal. Each unit has their own separate stairway and covered parking for everyone and then some. New metal roof built to code (8,000 nails every 6in and Vitek along some windows.) The owners have also upgraded to paver's and rerock in 2016, landscape lighting, low maintenance yard where dragon fruit, aloe and trees are abundant, Hurricane rated shutters, plus some windows are made of lexane glass.Generator is 22KW powered by 500 Gallon propane tank, security system, on demand water heater, and a outdoor shower. Keep your income thriving and have tenants pay mortgage. Potential rental income of three units with increased income to five units $1,750 Unit A, $2,800 Unit B, $3,800 Unit C, Total Income = $8,350 x 12= $100,000 Be the first to inspect. A a close commute to shopping stores, boating sights, beaches, bus stops to the many conveniences downtown.Call me for the details today!

Last Agent to Sell the Property

Jared Chiagouris

Island Welcome Real Estate LLC License #3332194 Listed on: 09/06/2022

Last Buyer's Agent

Marilyn Wilbarger

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3218077

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

Multi-Family

Year Built

1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Mandatory HOA: No
  • Dockage Dock: Wood
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Big Coppitt
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 10.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Boat Ramp, Bike Paths, Beach, Fire Hydrant
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 6763.76
  • Title: Title Ins - Buyer
  • Vehicle Storage: Guest Parking, Covered Parking, RV Parking Covered, Off Street Parking
  • Year Built: 1985
  • Alternate Key Number: 1201880
  • Building Style: A-Frame
  • Cooling Heating: Central Air, Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 10526.00
  • Porch Balcony: Open Porch/Balcony, Deck
  • Shutters: Accordion
  • Species List: Yes
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 3851.00
  • Pre Wired: Satellite
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Security System, Storage, Smoke Alarms
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Washer, Microwave, Oven, Refrigerator, Dryer
  • Floor: Wood, Other
  • Specialty Rooms: Workshop
  • Windows/Doors: Impact Rstnce Window
  • Total Bedrooms: 8
  • Accessibility Features: Accessible, Grab Bars, Accessible Full Bath

Exterior Features

  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: Frame, Hardi Board Siding
  • Exterior Features: Fruit Tree(s), Storage, Outdoor Shower, Lighting, Rain Gutters
  • Roof: Metal Roof
  • Waterview: Bay/Gulf View
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00156470-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.24

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2022
Closed on
Oct 31, 2022
Sold by
Rivera Michael A
Bought by
Trosset Robert F and Trosset Suzanne W
Seller's Agent
Jared Chiagouris
Island Welcome Real Estate LLC
Buyer's Agent
Marilyn Wilbarger
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$1,650,000
Sold Price
$1,280,000
Premium/Discount to List
-$370,000
-22.42%
Current Estimated Value
$1,625,623

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$345,623
Avg. Annual Appreciation
10.54%
Original Mortgage
$960,000
Outstanding Balance
$925,801
Interest Rate
6.7%
Mortgage Type
New Conventional
Estimated Equity
$838,251

Purchase Details

Closed on
Jul 1, 2022
Sold by
Rivera Ii Michael A and Rivera Likhit
Bought by
Rivera Michael A

Purchase Details

Closed on
Sep 11, 2002
Sold by
Rivera Miguel A
Bought by
Rivera Michael A

Purchase Details

Closed on
May 1, 1984
Bought by
Rivera Michael A

Purchase Details

Closed on
Oct 1, 1981
Bought by
Rivera Michael A

Purchase Details

Closed on
Apr 1, 1980
Bought by
Rivera Michael A
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
Trosset Robert F $1,280,000 --
Rivera Michael A -- Elizabeth Devolder Pllc
Rivera Michael A -- --
Rivera Michael A $23,000 --
Rivera Michael A $5,000 --
Rivera Michael A $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Trosset Robert F $960,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/31/2022 10/31/22 Sold $1,280,000 -22.4% $332 / Sq Ft
09/06/2022 09/06/22 For Sale $1,650,000 -- $428 / Sq Ft
Source: Key West Association 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 $11,315 $1,165,347 $606,508 $558,839
2024 $10,668 $1,147,938 $592,403 $555,535
2023 $10,668 $1,088,531 $539,352 $549,179
2022 $6,980 $724,796 $0 $0
2021 $6,764 $632,408 $0 $0
2020 $6,707 $629,589 $0 $0
2019 $6,312 $577,011 $0 $0
2018 $6,294 $564,359 $0 $0
2017 $6,039 $567,585 $0 $0
2016 $5,911 $546,267 $0 $0
2015 $5,932 $544,478 $0 $0
2014 $5,599 $443,368 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Jared Chiagouris

    Seller's Agent in 2022

    Jared Chiagouris

    Island Welcome Real Estate LLC

    (305) 395-9707

    1 in this area

    28 Total Sales

    Jared Chiagouris
    Section Image

  • M

    Buyer's Agent in 2022

    Marilyn Wilbarger

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 240-0572

    6 in this area

    15 Total Sales

    Marilyn Wilbarger
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 602434

Key West Association of REALTORS®

APN: 00156470-000000

Florida Monroe County Key West 33040

25 Emerald Dr, Key West, FL

Not Listed for Sale

MultiFamily

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