NOT LISTED FOR SALE

Estimated Value: $1,060,333

4 Beds
4 Baths
2,105 Sq Ft
$504/Sq Ft Est. Value

Last Sold August 07, 2023

Last sale price $1,865,000 $886 Per Sq Ft

Est. 43% decrease in value since last sale

Current estimated payment $6,722/month

115 Days on Market

About This Home

As of August 2023

This 2022 ground-up Duplex renovation is a one-of-kind home & investment opportunity in Old Town Key West, with added benefit of a $750k, 2.9%, assumable mortgage! Just 1 1/2 blocks from Duval Street, with proximity to Truman Waterfront, Ft. Zach Beach, Restaurants, & Galleries. ''Casa Dolce Vita'' is a fully furnished turn-key dream opportunity for investors or home buyers. This spacious 2,100 square ft home with 1 off-street parking space is a Legal Duplex, each unit separate with individual private entries. Flexibility maximizes revenue potential with options to rent or reside in either unit monthly or long term, or combine for 4 br's. The front 3-bed, 2 1/2 bath unit boasts a sizeable primary bedroom with a king bed & an extra-large spa-inspired bathroom--cool marble floors & large modern tub grace you after a long day at the beach. Dual vanities & large walk-in glass showers provide a rarity in Old Town. Bright, open floor plan, with durable life-proof floors & expansive windows, allow entertaining in the large eat-in kitchen with quartz countertops. French doors access the patio with Outdoor living under the shade-sails! Second & third bedrooms with Queen beds and jack-&-jill bath w/ dual vanities & a walk-in shower. Each room offers custom closets and a spacious layout. Solid wood doors with modern gold hardware are found throughout the space, along with a dedicated laundry & powder room. The spacious 1-bed, 1-bath back unit reflects Key West charm with colorful furnishings & art, quartz countertops, recessed art lighting, & outdoor patio. This space touts a large custom closet & spa-like bath with dedicated laundry offering everything to make a comfortable rental or vacation home. This renovation includes all new plumbing, electrical, ACs, appliances, interior finishes, & exterior stucco. With elevation and CBS construction, there are reasonable insurance rates and NO DAMAGE OR WATER INTRUSION from the recent hurricane Ian. Priced below recent appraisal

Last Listed By

Michelle Blades

Realty Executives Florida Keys Old Town License #3184597 Listed on: 03/07/2023

Realty Executives Florida Keys Old Town

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$9,439

Year Built

1979

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6422.45
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1979
  • Alternate Key Number: 1026867
  • Cooling Heating: Central Air
  • Lot Sq Ft: 3999.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 2
  • License Info Number Of County License: 2
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 2105.00
  • Financial Status Standard Sale: Yes
  • G F Interior Features: Tankless Hot Wtr Htr, LED Lighting, Low Flow Toilets
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Split Bedroom, Quartz Countertops, Built-in Cabinets
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Vinyl
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Aluminum Windows
  • Total Bedrooms: 4
  • Accessibility Features: None

Exterior Features

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

Utilities

  • Security: No Security
  • Utilities: FKAA, Elect Separate Meter, Municipal Sewer
  • Heating: Electric

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2024
Sold by
Bracciale Joseph R and Bracciale Carnella Dee
Bought by
Loose Rentals Llc
Total Days on Market
115
Current Estimated Value
$1,060,333

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Outstanding Balance
$681,695
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$378,638

Purchase Details

Closed on
Dec 28, 2023
Sold by
Bracciale Joseph R and Bracciale Carnella Dee
Bought by
Loose Rentals Llc

Purchase Details

Listed on
Mar 7, 2023
Closed on
Aug 7, 2023
Sold by
Sweet Anna Rebecca Ruth and Mize Steven A
Bought by
Bracciale Joseph R and Bracciale Carnella Dee
Seller's Agent
Michelle Blades
Realty Executives Florida Keys Old Town
Buyer's Agent
Joe Bracciale
Select Properties of NWFL
List Price
$2,150,000
Sold Price
$1,865,000
Premium/Discount to List
-$285,000
-13.26%
Views
982

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-26.80%
Original Mortgage
$1,585,250
Interest Rate
7%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 16, 2020
Closed on
Nov 22, 2021
Sold by
Bird Leslie Rene and Greene Orin
Bought by
Sweet Anna Rebecca Ruth and Mize Steven A
Seller's Agent
Richard Haskins
Buy The Keys (KW)
Buyer's Agent
Michelle Blades
Realty Executives Florida Keys Old Town
List Price
$950,000
Sold Price
$800,000
Premium/Discount to List
-$150,000
-15.79%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
64.52%
Original Mortgage
$773,300
Interest Rate
3.05%
Mortgage Type
FHA

Purchase Details

Closed on
Jan 17, 2006
Sold by
Mingo Cozelle and Greene Mingo Beverly
Bought by
Greene Mingo Beverly

Purchase Details

Closed on
Oct 29, 2003
Sold by
Collins Leslie R and Barnes Leslie R
Bought by
Greene Beverly A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$262,000
Interest Rate
6.04%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 16, 2000
Sold by
Greene Beverly A and Barnes Leslie R
Bought by
Greene Beverly A

Purchase Details

Closed on
Jul 3, 1995
Sold by
Greene Beverly
Bought by
Greene Beverly and Barners Leslie R

Purchase Details

Closed on
Oct 1, 1978
Bought by
Greene-Mingo Beverly

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 Buyer Sale Price Title Company
Loose Rentals Llc $780,000 None Listed On Document
Loose Rentals Llc $1,325,000 None Listed On Document
311 Amelia Street Homeowners Association -- None Listed On Document
Bracciale Joseph R $1,865,000 None Listed On Document
Sweet Anna Rebecca Ruth $800,000 First International Ttl Inc
Greene Mingo Beverly -- None Available
Greene Beverly A -- --
Greene Beverly A $62,000 --
Greene Beverly -- --
Greene-Mingo Beverly $18,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Loose Rentals Llc $700,000
Previous Owner Bracciale Joseph R $1,585,250
Previous Owner Sweet Anna Rebecca Ruth $358,000
Previous Owner Sweet Anna Rebecca Ruth $773,300
Previous Owner Mingo Cozelle $400,000
Previous Owner Greene Beverly A $84,000
Previous Owner Greene Beverly A $262,000
Previous Owner Greene Beverly A $30,270
Previous Owner Greene Beverly A $30,270
Previous Owner Greene Beverly A $30,270
Previous Owner Greene Beverly A $201,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/07/2023 08/07/23 Sold $1,865,000 -3.8% $886 / Sq Ft
06/30/2023 06/30/23 Pending -- -- --
06/16/2023 06/16/23 Price Changed $1,939,000 -0.5% $921 / Sq Ft
05/25/2023 05/25/23 Price Changed $1,949,000 -2.0% $926 / Sq Ft
04/28/2023 04/28/23 Price Changed $1,988,000 -5.1% $944 / Sq Ft
03/18/2023 03/18/23 Price Changed $2,095,000 -2.6% $995 / Sq Ft
03/07/2023 03/07/23 For Sale $2,150,000 +168.8% $1,021 / Sq Ft
11/24/2021 11/24/21 Sold $800,000 -5.9% $380 / Sq Ft
06/17/2021 06/17/21 Price Changed $850,000 -10.5% $404 / Sq Ft
04/07/2021 04/07/21 For Sale $950,000 +18.8% $451 / Sq Ft
04/06/2021 04/06/21 Off Market $800,000 -- --
10/16/2020 10/16/20 For Sale $950,000 -- $451 / 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 $9,439 $1,236,429 $849,208 $387,221
2023 $9,439 $1,408,164 $849,208 $558,956
2022 $6,597 $691,090 $577,056 $114,034
2021 $6,422 $684,567 $467,883 $216,684
2020 $6,264 $668,971 $452,287 $216,684
2019 $6,347 $672,599 $481,919 $190,680
2018 $1,546 $166,692 $0 $0
2017 $1,533 $163,264 $0 $0
2016 $1,562 $159,906 $0 $0
2015 $1,594 $158,794 $0 $0
2014 $1,626 $157,534 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 604460

Key West Association of REALTORS®

APN: 00026090-000000