NOT LISTED FOR SALE

2503 Fogarty Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $1,270,395 - $1,541,000

5 Beds
3 Baths
1,900 Sq Ft
$751/Sq Ft Est. Value

Last Sold September 18, 2020

Last sale price $908,000 $478 Per Sq Ft

Est. 57% increase in value since last sale

Current estimated payment $8,622/month

2 Days on Market

Highlights

  • In Ground Pool
  • Loft
  • Stainless Steel Appliances
  • Deck
  • No HOA
  • Balcony

About This Home

As of September 2020

he Perfect Key West Investment Retreat. This Keys home is an incredible investment opportunity with historical gross annual rental income of $88,200 and potential CAP rate of 7% - a return you will not find often!! This is currently a multi-family home with two separate meters, two full kitchens, but with many options for income and personal use...perfect for customizing to your unique goals and personal plans for your Keys homeownership. Perfect opportunities for both long-term (annual) rental, monthly vacation rental, and owner occupation amongst the three units. The property includes a sunny private pool, a vast, fully-fenced yard with mature landscaping. Plenty of available parking out front and ample space throughout the fully fenced property for your improvements.

Last Listed By

Alexis O'Donnell

eXp Realty LLC License #3422826 Listed on: 08/01/2020

eXp Realty LLC

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,164

Year Built

  • Built in 1943 | Remodeled

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced

Parking

  • Open Parking

Home Design

  • Metal Roof

Interior Spaces

  • 1,900 Sq Ft Home
  • Ceiling Fan
  • French Doors
  • Loft
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony
  • Deck
  • Patio

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Separate Meters
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00050520-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,164

Year Built

Built in 1943 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • 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
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4164.44
  • Title: Negotiable
  • Vehicle Storage: Open Parking
  • Year Built: 1943
  • Alternate Key Number: 1051128
  • Cooling Heating: Ceiling Fans(s), Ductless, Central Air
  • Lot Sq Ft: 5000.00
  • Pool Info: In Ground
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Tax Exemptions: Homestead, None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1900.00
  • Pre Wired: Cable
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Microwave, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Dryer
  • Floor: Tile
  • Specialty Rooms: Loft
  • Windows/Doors: French Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify, Sewer Available, Water Separate Meter, FKAA, Elect Separate Meter, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00050520-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 1, 2020
Closed on
Sep 18, 2020
Sold by
Smith-Martin Robin & Bethany R
Bought by
Hansen Randall and Hansen Amanda
Seller's Agent
Alexis O'Donnell
eXp Realty LLC
Buyer's Agent
Alexis O'Donnell
eXp Realty LLC
List Price
$969,000
Sold Price
$908,000
Premium/Discount to List
-$61,000
-6.3%
Total Days on Market
2
Current Estimated Value
$1,426,849

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$518,849
Avg. Annual Appreciation
9.43%
Original Mortgage
$706,650
Outstanding Balance
$635,588
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$748,872

Purchase Details

Closed on
Sep 25, 2000
Sold by
Pickles Jeanne S and Pickles Frederick G
Bought by
Smith-Martin Robin and Osterhout Bethany R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$208,000
Interest Rate
8.05%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 1986
Bought by
Smith-Martin Robin

Purchase Details

Closed on
Feb 1, 1973
Bought by
Smith-Martin Robin

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
Hansen Randall $908,000 Oropeza Stones Cardenas Pllc
Smith-Martin Robin $260,000 --
Smith-Martin Robin $79,000 --
Smith-Martin Robin $13,800 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hansen Randall $706,650
Previous Owner Smith Martin Robin $230,000
Previous Owner Smith Martin Robin $200,000
Previous Owner Smith-Martin Robin $260,000
Previous Owner Smith-Martin Robin $241,000
Previous Owner Smith-Martin Robin $208,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/18/2020 09/18/20 Sold $908,000 -6.3% $478 / Sq Ft
08/03/2020 08/03/20 Pending -- -- --
08/01/2020 08/01/20 For Sale $969,000 -- $510 / 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 $7,633 $857,736 $460,000 $397,736
2023 $7,633 $846,869 $455,000 $391,869
2022 $6,974 $791,018 $390,000 $401,018
2021 $6,479 $642,221 $297,500 $344,721
2020 $6,106 $629,676 $295,000 $334,676
2019 $4,164 $423,244 $0 $0
2018 $4,010 $406,518 $0 $0
2017 $3,884 $396,211 $0 $0
2016 $3,205 $318,390 $0 $0
2015 $3,081 $284,027 $0 $0
2014 $2,929 $242,683 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alexis O'Donnell

    eXp Realty LLC

    (757) 408-6997

    8 in this area

    16 Total Sales

    Alexis O'Donnell
    Section Image

  • A

    Seller Co-Listing Agent in 2020

    Andrea Otava

    Last Key Realty, Inc (KW)

    (305) 504-4103

    11 in this area

    27 Total Sales

    Andrea Otava
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 591976

Florida Keys Board of REALTORS®

APN: 00050520-000000

Florida Monroe County Key West 33040 Mid Town

2503 Fogarty Ave, Key West, FL

Homes for Sale in Key West, FL

This home is located at 2503 Fogarty Ave, Key West, FL 33040 since 01 August 2020 and is currently estimated at $1,426,849, approximately $750 per square foot. This property was built in 1943. 2503 Fogarty 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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