NOT LISTED FOR SALE

Estimated Value: $1,762,093

3 Beds
3 Baths
1,676 Sq Ft
$1,051/Sq Ft Est. Value

Last Sold June 29, 2022

Last sale price $1,750,000 $1,044 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $10,628/month

54 Days on Market

Highlights

  • Wood Flooring
  • Handicap Accessible
  • 5-minute walk to Truman Annex Park
  • No HOA

About This Home

As of June 2022

This is an exceptional property in a great Old Town Key West location with OWNER FINANCING possible.Three legal, separately metered units, in a 1676 square foot building located in the Historic Residential/Office zoning district (HRO). The building can be used for either residential, offices, or be mixed use. The front two units (downstairs and upstairs) are currently used as a combined space with the original historic interior staircase and much of the original trim-work. The building is designated as an historic structure originally built by Bradish W. (Hog) Johnson, Master Wrecker 1846-1914 and owner of Key West Wrecking Company, from ships' timbers salvaged from the reefs off of Key West.For residential use an on-street parking permit can be purchased from the City for approximately $80/year to use in metered parking areas in front of the building. For office use the City requires one reserved parking space for every 300 square feet of building used for offices to be located within 500 feet of the building. The building has been completely renovated and updated for its current use as offices in the front of the building (downstairs and upstairs units) and a separate rear centrally air conditioned one bedroom apartment with a private rear yard and deck. All new interior wiring and exterior meter bases. New plumbing lines, water heaters, and modern fixtures throughout. Also recently installed code compliant roofs, shutters, windows and doors. The main levels of the building are ADA compliant with bricked walkways and ramps incorporated into a nicely landscaped yard.A Letter of Map Amendment (LOMA) was obtained from the National Flood Insurance Program (NFIP) classifying the building as being in the equivalent of an X-Zone for flood insurance purposes.

Last Agent to Sell the Property

Philip Wilson

Preferred Properties (KW) License #3108178 Listed on: 05/04/2022

Last Buyer's Agent

Philip Wilson

Preferred Properties (KW) License #3108178 Listed on: 05/04/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,292

Year Built

  • Built in 1938 | Remodeled

Lot Details

  • 3,120 Sq Ft Lot
  • Property is zoned HRO - Historic Residential/Office

Home Design

  • Frame Construction

Interior Spaces

  • 1,676 Sq Ft Home
  • Partially Furnished
  • Wood Flooring

Kitchen

  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Accessible Home Design

  • Handicap Accessible

Utilities

  • Heat Pump System
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00004520-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,292

Year Built

Built in 1938 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 1
  • Fee Includes: None
  • Handicap Access: Yes
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Seller Finance
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 7291.52
  • Year Built: 1938
  • Alternate Key Number: 1004707
  • Cooling Heating: Heat, Heat Pump
  • Lot Sq Ft: 3120.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: No
  • Estimated Living Sq Ft: 1676.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Refrigerator, Dryer, Disposal
  • Floor: Wood
  • Total Bedrooms: 3
  • Accessibility Features: Accessible

Exterior Features

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

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,0.2 PCT ANNUAL CH
  • Parcel Number: 00004520-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Partially

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 30, 2025
Sold by
Wilson Christopher and Wilson Tara
Bought by
Wilson Christopher and Wilson Tara
Current Estimated Value
$1,762,093

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,262,000
Outstanding Balance
$1,259,846
Interest Rate
6.81%
Mortgage Type
New Conventional
Estimated Equity
$502,247

Purchase Details

Listed on
May 4, 2022
Closed on
Jun 29, 2022
Sold by
Sterling Christian
Bought by
Wilson Christopher
Seller's Agent
Philip Wilson
Preferred Properties (KW)
Buyer's Agent
Philip Wilson
Preferred Properties (KW)
List Price
$2,000,000
Sold Price
$1,750,000
Premium/Discount to List
-$250,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.22%
Original Mortgage
$1,225,000
Interest Rate
5.25%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
May 4, 2022
Closed on
May 20, 2022
Sold by
Constance Christian
Bought by
Christian Sterling
Seller's Agent
Philip Wilson
Preferred Properties (KW)
Buyer's Agent
Philip Wilson
Preferred Properties (KW)
List Price
$2,000,000
Sold Price
$1,750,000
Premium/Discount to List
-$250,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,225,000
Interest Rate
5.25%
Mortgage Type
Seller Take Back

Purchase Details

Listed on
Dec 3, 2014
Closed on
Apr 29, 2015
Sold by
Penn Michael H and Penn Candis
Bought by
Christian Sterling and Christian Constance
Seller's Agent
Robin Van Mater
Key West Sales, LLC
Buyer's Agent
Harold Berry
Compass Realty (KW)
List Price
$849,000
Sold Price
$760,000
Premium/Discount to List
-$89,000
-10.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.34%
Original Mortgage
$570,000
Interest Rate
4%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 1, 1986
Bought by
Christian Sterling and Christian Constance
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
Wilson Christopher $614,000 Performance Title Llc
Wilson Christopher $614,000 Performance Title Llc
Wilson Christopher $1,750,000 Spottswood Spottswood Spottswo
Christian Sterling -- Spottswood Spottswood Spottswo
Christian Sterling $760,000 None Available
Christian Sterling $192,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wilson Christopher $1,262,000
Closed Wilson Christopher $1,262,000
Previous Owner Wilson Christopher $1,225,000
Previous Owner Christian Sterling $570,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/29/2022 06/29/22 Sold $1,750,000 -12.5% $1,044 / Sq Ft
06/27/2022 06/27/22 Pending -- -- --
05/04/2022 05/04/22 For Sale $2,000,000 +163.2% $1,193 / Sq Ft
05/01/2015 05/01/15 Sold $760,000 -10.5% $453 / Sq Ft
05/01/2015 05/01/15 Pending -- -- --
12/03/2014 12/03/14 For Sale $849,000 -- $507 / 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 $12,322 $1,398,088 $1,003,860 $394,228
2023 $12,322 $1,389,573 $1,003,860 $385,713
2022 $9,299 $1,044,906 $778,128 $266,778
2021 $7,292 $847,926 $0 $0
2020 $7,248 $844,780 $0 $0
2019 $7,572 $1,021,305 $744,588 $276,717
2018 $6,111 $655,008 $391,716 $263,292
2017 $6,160 $648,713 $0 $0
2016 $6,507 $648,713 $0 $0
2015 $4,760 $525,996 $0 $0
2014 -- $408,633 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 600869

Florida Keys Board of REALTORS®

APN: 00004520-000000