NOT LISTED FOR SALE

2508 Patterson Ave Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $725,798 - $967,000

2 Beds
2 Baths
1,180 Sq Ft
$727/Sq Ft Est. Value

Sale Details

Date Sold: February 18, 2025

Last sale price $723,000 $613 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $5,126 / mo

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

Est. Annual Taxes

  • $5,576

Year Built

  • Built in 1975

Lot Details

  • 5,000 Sq Ft Lot
  • Property is zoned MDR-1 - Medium Desnity Residential

Parking

  • Off-Street Parking

Home Design

  • 1,180 Sq Ft Home

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Additional Features

  • Detached Guest House
  • Public Hookup Available For Sewer

Community Details

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

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00050600-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,576

Year Built

Built in 1975

Lot Details

5,000 Sq Ft Lot

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 22, 2024
Closed on
Feb 18, 2025
Sold by
Bought by
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
$857,950

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$134,950
Avg. Annual Appreciation
13.20%
Original Mortgage
$684,000
Interest Rate
0.0704%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 9, 2011
Sold by
Bought by

Purchase Details

Closed on
Feb 1, 1972
Bought by
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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$723,000 None Listed On Document
-- None Available
$4,000 --
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Closed $684,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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
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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

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.

Key West Association 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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