$1,200,000
SOLD AUG 23, 2024
5 Beds
3 Baths
1,751 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$685 Per Sq Ft

11% Below List Price

136 Days on Market

About This Home

As of August 2024

TURN-KEY DUPLEX! INVESTMENT OPPORTUNITY! Use it as a primary home, vacation home, or as a pure investment! The compound is for sale, buy 1 duplex or buy the compound, listed under MLS # 608562. Centrally located in Mid Town Key West along its dedicated cross-town bike trail. Income producing with the books to back it up. Current owners live in one unit and rent out the other which still creates a strong cash flow. It can be used as an AirBnB as all units carry Key West's required 28-day rental licenses. Currently used as a long-term rental.Unit A is a 3 bedroom/2 bath - projected around $6,500Unit B is a 2 Bedroom/1Bath - rented to multi-year, insurance paying, tenants at $4,100/moUnits were completely renovated in 2020/2021 with some of the following: Hurricane impact windows, New AC Units, newer roof with solar-powered attic fans, and All cast iron drain lines inside and out were removed and replaced with new PVC 2021 out to the street.

Last Agent to Sell the Property

Everett Watkins

Keller Williams Key West Compass Realty License #513929 Listed on: 02/27/2024

Keller Williams Key West Compass Realty

Co-Listed By

Julia Mitsoglou

Keller Williams Key West Compass Realty License #3596330

Last Buyer's Agent

Michelle Blades

Realty Executives Florida Keys Old Town License #3184597

Realty Executives Florida Keys Old Town

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 27, 2024
Closed on
Aug 23, 2024
Sold by
Mitsoglou Sophia
Bought by
Anderson Julia Faye
Seller's Agent
Everett Watkins
Keller Williams Key West Compass Realty
Buyer's Agent
Michelle Blades
Realty Executives Florida Keys Old Town
List Price
$1,350,000
Sold Price
$1,200,000
Premium/Discount to List
-$150,000
-11.11%
Views
34
Current Estimated Value
$1,241,425

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$41,425
Avg. Annual Appreciation
4.23%
Original Mortgage
$815,000
Outstanding Balance
$810,033
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$431,392

Purchase Details

Listed on
Aug 31, 2020
Closed on
Aug 31, 2020
Sold by
Gomez Thomas and Gomez Thomas
Bought by
Mitsoglou Sophia
Seller's Agent
Tommy Gomez
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Tommy Gomez
Berkshire Hathaway Homeservices Knight & Gardner Realty
List Price
$525,000
Sold Price
$525,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
23.09%

Purchase Details

Closed on
Dec 18, 2018
Sold by
Gomez Thomas and Gomez Juliette
Bought by
Gomez Thomas and Gomez Julio

Purchase Details

Closed on
Mar 1, 1984
Bought by
Gomez Thomas and Gomez Juliette
Source: Public Records

Range of Values:

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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 $1,200,000 None Listed On Document
Warranty Deed $525,000 First International Ttl Inc
Interfamily Deed Transfer -- Attorney
Warranty Deed $10,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $815,000 New Conventional
Previous Owner $828,700 New Conventional
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/23/2024 08/23/24 Sold $1,200,000 -4.0% $685 / Sq Ft
07/12/2024 07/12/24 Pending -- -- --
04/10/2024 04/10/24 Price Changed $1,250,000 -7.4% $714 / Sq Ft
02/27/2024 02/27/24 For Sale $1,350,000 +157.1% $771 / Sq Ft
08/31/2020 08/31/20 Sold $525,000 0.0% $300 / Sq Ft
08/31/2020 08/31/20 Pending -- -- --
08/31/2020 08/31/20 For Sale $525,000 -- $300 / 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
2024 $7,202 $805,913 $460,000 $345,913
2023 $7,202 $790,997 $455,000 $335,997
2022 $5,983 $729,529 $390,000 $339,529
2021 $5,238 $500,496 $297,500 $202,996
2020 $5,029 $500,812 $295,000 $205,812
2019 $4,599 $432,377 $223,750 $208,627
2018 $4,452 $433,286 $250,000 $183,286
2017 $4,261 $418,603 $0 $0
2016 $4,223 $409,090 $0 $0
2015 $3,907 $340,513 $0 $0
2014 $3,569 $262,960 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 608926

Key West Association of REALTORS®

APN: 00046250-000000