NOT LISTED FOR SALE

Estimated Value: $622,128 - $1,059,000

3 Beds
2 Baths
1,386 Sq Ft
$581/Sq Ft Est. Value

Last Sold August 03, 2021

Last sale price $500,000 $361 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $4,951/month

76 Days on Market

Highlights

  • In Ground Pool
  • Lanai
  • Balcony
  • Maid or Guest Quarters
  • No HOA
  • Jalousie or louvered window

About This Home

As of August 2021

Legal Duplex in Key West with a swimming pool! Two bedroom main house plus private detached cottage with separate entrance. Fenced Yard. Shed. Ideal for investor or owner occupier with rental income. 2 electric meters, one water meter.

Last Listed By

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 04/09/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,732

Year Built

  • Built in 1943

Lot Details

  • 5,000 Sq Ft Lot
  • Fenced

Home Design

  • Duplex
  • Fixer Upper
  • Frame Construction

Interior Spaces

  • 1,386 Sq Ft Home
  • 1-Story Property
  • Jalousie or louvered window
  • Sliding Doors

Kitchen

  • Oven
  • Range
  • Microwave

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Maid or Guest Quarters
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony
  • Patio
  • Lanai
  • Shed

Utilities

  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00048490-000000

Community Details

Overview

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

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,732

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 1
  • Fee Includes: None
  • Financial Status Bank Owned: Yes
  • Financial Status Bank Servicer: KEYS ISLAND PROP.
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Midtown East
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 4731.95
  • Title: Negotiable
  • Year Built: 1943
  • Alternate Key Number: 1049085
  • Lot Sq Ft: 5000.00
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1386.00
  • Specialty Rooms Guest Servant Qtrs: Legal
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Microwave, Refrigerator, Range, Oven
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Jalousie Windows, Sliding Glass Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed, Lanai
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00048490-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 9, 2021
Closed on
Aug 3, 2021
Sold by
Keys Island Properties Llc
Bought by
Brown J Douglas and J Douglas Brown Declaration Of
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
List Price
$575,000
Sold Price
$500,000
Premium/Discount to List
-$75,000
-13.04%
Total Days on Market
76
Current Estimated Value
$805,032

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$305,032
Avg. Annual Appreciation
9.21%

Purchase Details

Closed on
Nov 20, 2020
Sold by
Sunderman Robert E and Sunderman Heather
Bought by
Keys Island Properties Llc

Purchase Details

Closed on
Nov 4, 2020
Sold by
Sunderman Robert E and Sunderman Heather
Bought by
Keys Island Properties Llc

Purchase Details

Closed on
Aug 1, 2006
Sold by
Pereira Armando and Pereira Esther
Bought by
Sunderman Robert E and Sunderman Heather

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$622,250
Interest Rate
6.12%
Mortgage Type
Construction

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
Brown J Douglas $500,000 Elite Title
Keys Island Properties Llc $350,100 Attorney
Keys Island Properties Llc $350,100 Attorney
Sunderman Robert E $395,000 Chicago Title Of The Fl Keys
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Sunderman Robert E $50,000
Previous Owner Sunderman Robert E $622,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/03/2021 08/03/21 Sold $500,000 -8.9% $361 / Sq Ft
06/24/2021 06/24/21 Pending -- -- --
06/17/2021 06/17/21 Price Changed $549,000 -4.5% $396 / Sq Ft
04/09/2021 04/09/21 For Sale $575,000 -- $415 / Sq Ft
Source: Florida Keys Board 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 $5,339 $541,012 $460,000 $81,012
2023 $5,339 $529,741 $455,000 $74,741
2022 $5,703 $582,716 $390,000 $192,716
2021 $4,924 $464,620 $297,500 $167,120
2020 $4,732 $464,112 $295,000 $169,112
2019 $4,311 $394,089 $223,750 $170,339
2018 $4,432 $423,202 $250,000 $173,202
2017 $4,239 $407,918 $0 $0
2016 $4,265 $417,374 $0 $0
2015 $3,934 $344,549 $0 $0
2014 $3,604 $264,707 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 595616

Florida Keys Board of REALTORS®

APN: 00048490-000000