$723,000
SOLD FEB 18, 2025

2508 Patterson Ave Key West, FL 33040

Mid Town Neighborhood
2 Beds
2 Baths
1,180 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$613 Per Sq Ft

25% Below List Price

149 Days on Market

About This Home

As of February 2025

Seize the opportunity to remodel your dream home on the paradise island of Key West, FL! This fixer-upper comes with a versatile bonus space, offering endless potential for customization. Located in a prime area, you'll be just steps away from the vibrant nightlife, shopping, restaurants, bars, museums, and pristine beaches that make Key West a sought-after destination. Don't miss out on this unique chance to create your perfect island retreat!

Last Agent to Sell the Property

Gregg Powers

Keller Williams Key West Compass Realty License #3553942 Listed on: 07/22/2024

Keller Williams Key West Compass Realty

Co-Listed By

Robin Nilsson

Keller Williams Key West Compass Realty License #3382004

Last Buyer's Agent

Gregg Powers

Keller Williams Key West Compass Realty License #3553942 Listed on: 07/22/2024

Keller Williams Key West Compass Realty

Home Details

Home Type

Single Family

Year Built

1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: New Town
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • 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: 5575.60
  • Vehicle Storage: Off Street Parking
  • Year Built: 1975
  • Alternate Key Number: 1051217
  • Lot Sq Ft: 5000.00
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1180.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Refrigerator
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Detached Guest Qtrs
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00050600-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Feb 18, 2025
Sold by
Ramirez Cristie and Ramirez Frank Luis
Bought by
Butler Roderick C
Seller's Agent
Gregg Powers
Keller Williams Key West Compass Realty
Buyer's Agent
Gregg Powers
Keller Williams Key West Compass Realty
List Price
$960,000
Sold Price
$723,000
Premium/Discount to List
-$237,000
-24.69%
Views
33
Current Estimated Value
$765,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$42,091
Avg. Annual Appreciation
6.64%
Original Mortgage
$684,000
Outstanding Balance
$678,875
Interest Rate
7.04%
Mortgage Type
New Conventional
Estimated Equity
$86,216

Purchase Details

Closed on
Mar 9, 2011
Sold by
Monzon Emelina
Bought by
Ramirez Elba Margarita

Purchase Details

Closed on
Feb 1, 1972
Bought by
Monzon Emelina L and Monzon E
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 Type Sale Price Title Company
Warranty Deed $723,000 None Listed On Document
Warranty Deed $723,000 None Listed On Document
Quit Claim Deed -- None Available
Deed $4,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $684,000 New Conventional
Closed $684,000 New Conventional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/18/2025 02/18/25 Sold $723,000 0.0% $613 / Sq Ft
02/07/2025 02/07/25 Price Changed $723,000 -24.7% $613 / Sq Ft
07/22/2024 07/22/24 For Sale $960,000 -- $814 / 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 $6,229 $656,708 $485,000 $171,708
2024 $5,576 $747,256 $580,000 $167,256
2023 $5,576 $610,986 $455,000 $155,986
2022 $1,401 $157,097 $0 $0
2021 $1,403 $152,522 $0 $0
2020 $1,378 $150,417 $0 $0
2019 $1,353 $147,036 $0 $0
2018 $1,339 $144,295 $0 $0
2017 $1,327 $141,328 $0 $0
2016 $1,083 $138,422 $0 $0
2015 $1,376 $137,460 $0 $0
2014 $1,141 $136,369 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • G

    Seller's Agent in 2025

    Gregg Powers

    Keller Williams Key West Compass Realty

    Section Image
  • Robin Nilsson

    Seller Co-Listing Agent in 2025

    Robin Nilsson

    Keller Williams Key West Compass Realty

    (941) 473-7399

    4 in this area

    32 Total Sales

    Robin Nilsson
    Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 610853

Key West Association of REALTORS®

APN: 00050600-000000

Florida Monroe County Key West 33040 Mid Town

2508 Patterson Ave, Key West, FL

Sold

Detached

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