NOT LISTED FOR SALE

2523 Flagler Ave Unit 3 Key West, FL 33040

Mid Town Neighborhood

Estimated Value: $605,000 - $680,000

2 Beds
1 Bath
691 Sq Ft
$750/mo HOA Fee

Last Sold April 11, 2023

Last sale price $601,500 $870 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $4,541/month

9 Days on Market

Highlights

  • Concrete Pool
  • Complete Accordion Shutters
  • Patio
  • Stainless Steel Appliances
  • Bar
  • Laundry Room

About This Home

As of April 2023

This is your chance to own a piece of paradise in the middle of Key West. This two bedroom home is located in a prime midtown location and has been completely renovated with all the modern amenities you could want. The vinyl plank flooring, recessed lighting, and lighted crown moldings create a sleek and stylish look, while the quartz countertops, wood cabinetry, and stainless steel appliances give it a touch of luxury. Plus, the bathroom has been updated with beautiful tilework and new fixtures. Best of all, this home lives like a townhome as it has its own enormous private courtyard with an outdoor shower, as well as a grilling and prep area just outside of the kitchen. And if that's not enough, the compound also features lush tropical landscaping with large heated pool, perfect for enjoying South Florida's year-round sunshine. Finally, this home comes complete with a brand new roof and private laundry in a detached building.. So don't miss your chance, call today to schedule your showing!

Last Agent to Sell the Property

Jimmy Lane

Island Life Realty Experts License #664783 Listed on: 01/31/2023

Last Buyer's Agent

Jenny Perry

Preferred Properties (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,559

Year Built

  • Built in 1963 | Remodeled

Lot Details

  • 10,019

HOA Fees

  • $750 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Metal Roof

Interior Spaces

  • 691 Sq Ft Home
  • 1-Story Property
  • Bar
  • Ceiling Fan
  • Utility Room

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Laminate
  • Tile
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

Outdoor Features

  • Patio
  • Outdoor Storage

Location

  • Ground Level

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00045881-000300

Community Details

Overview

  • Association fees include bldg exterior mnt, common area mnt
  • Key West Realty Cos Sub Subdivision
  • Rental Restrictions

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction: YES

Security

  • Complete Accordion Shutters
  • Impact Glass

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,559

Year Built

Built in 1963 | Remodeled

Lot Details

0

HOA Fees

$750 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 750.00
  • Mandatory HOA: Yes
  • Document Count: 1
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 2.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Other Area Features
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 2558.56
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking
  • Year Built: 1963
  • Alternate Key Number: 9087730
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • Shutters: Accordion
  • Species List: No
  • Tax Exemptions: Homestead, None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 691.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Bar
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Laminate, Vinyl
  • Specialty Rooms: Laundry Room, Utility Room
  • Windows/Doors: Other Windows/Doors, Impact Rstnce Window
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Elect Separate Meter, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00045881-000300
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2023
Closed on
Apr 11, 2023
Sold by
Morrison Melinda Lace
Bought by
Elechko Micaela Grace and Elechko Jonathan Christian
Seller's Agent
Jimmy Lane
Island Life Realty Experts
Buyer's Agent
Jenny Perry
Preferred Properties (KW)
List Price
$575,000
Sold Price
$601,500
Premium/Discount to List
$26,500
4.61%
Views
189
Current Estimated Value
$649,783

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$48,283
Avg. Annual Appreciation
2.36%
Original Mortgage
$401,500
Outstanding Balance
$391,264
Interest Rate
6.65%
Mortgage Type
New Conventional
Estimated Equity
$245,656

Purchase Details

Closed on
Feb 16, 2022
Sold by
Edward Toppino Sr
Bought by
Morrison Melinda Lace

Purchase Details

Closed on
Jul 24, 2015
Sold by
Toppino Edward
Bought by
Morrison Melinda Lace and Toppino Edward

Purchase Details

Listed on
Aug 16, 2012
Closed on
Oct 8, 2013
Sold by
Lord Papy Joan R and Horan Karen
Bought by
Toppino Edward
Seller's Agent
James Olive
LoKation Real Estate
Buyer's Agent
James Olive
Florida Keys Real Estate Company (KW)
List Price
$269,000
Sold Price
$253,000
Premium/Discount to List
-$16,000
-5.95%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.03%
Source: Public Records

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
Elechko Micaela Grace $601,500 None Listed On Document
Morrison Melinda Lace -- None Listed On Document
Morrison Melinda Lace -- None Available
Toppino Edward $253,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elechko Micaela Grace $401,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2023 04/11/23 Sold $601,500 +4.6% $870 / Sq Ft
02/09/2023 02/09/23 Pending -- -- --
01/31/2023 01/31/23 For Sale $575,000 +127.3% $832 / Sq Ft
10/09/2013 10/09/13 Sold $253,000 -5.9% $366 / Sq Ft
09/27/2013 09/27/13 Pending -- -- --
08/16/2012 08/16/12 For Sale $269,000 -- $389 / Sq Ft
Source: Marathon and Lower Keys 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 $4,322 $489,302 -- $489,302
2023 $4,322 $461,108 $0 $461,108
2022 $2,559 $271,498 $0 $271,498
2021 $2,395 $224,660 $0 $224,660
2020 $2,384 $224,660 $0 $224,660
2019 $2,294 $212,828 $0 $212,828
2018 $1,916 $212,828 $0 $0
2017 $1,942 $212,828 $0 $0
2016 $2,475 $212,828 $0 $0
2015 $2,543 $212,828 $0 $0
2014 $2,705 $212,828 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2023

    Jimmy Lane

    Island Life Realty Experts

  • Jenny Perry

    Buyer's Agent in 2023

    Jenny Perry

    Preferred Properties (KW)

    (305) 747-0369

    5 in this area

    104 Total Sales

    Jenny Perry
    Section Image

  • J

    Seller's Agent in 2013

    James Olive

    LoKation Real Estate

    (305) 393-6531

    7 Total Sales

    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 604038

APN: 00045881-000300

Florida Monroe County Key West 33040 Mid Town

2523 Flagler Ave Unit 3, Key West, FL

This home is located at 2523 Flagler Ave Unit 3, Key West, FL 33040 since 31 January 2023 and is currently estimated at $649,783, approximately $940 per square foot. This property was built in 1963. 2523 Flagler Ave Unit 3 is a home located in Monroe County with nearby schools including Poinciana Elementary School, Key West High School, and May Sands Montessori School.

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