NOT LISTED FOR SALE

Estimated Value: $1,127,000 - $1,260,000

5 Beds
3 Baths
1,751 Sq Ft
$696/Sq Ft Est. Value

Last Sold August 23, 2024

Last sale price $1,200,000 $685 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $7,034/month

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

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,202

Year Built

1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6913.71
  • Year Built: 1955
  • Alternate Key Number: 1046833
  • Lot Sq Ft: 5000.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1751.00
  • 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: No Appliances
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: CBS
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00046250-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2023

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
$1,218,388

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$18,388
Avg. Annual Appreciation
1.21%
Original Mortgage
$815,000
Outstanding Balance
$804,867
Interest Rate
6.78%
Mortgage Type
New Conventional
Estimated Equity
$413,521

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:

--
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 Buyer Sale Price Title Company
Anderson Julia Faye $1,200,000 None Listed On Document
Gomez Thomas -- Attorney
Gomez Thomas $10,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Anderson Julia Faye $815,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
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 View Prior Sale
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