$300,000
SOLD AUG 30, 2019
0.05 Acre
-- Price per Acre
2,195 Sq Ft Lot

Recently Sold

16% Below List Price

About This Lot

As of August 2019

This is the only, already cleared vacant lot for sell on the Old Town side of White St with one market rate ROGO (in the KW MLS). Buildable lot just 1.5 blocks from Duval St. Close proximity to many Old Town spots including the newly constructed amphitheater at the Truman Waterfront park. Rare chance to acquire an already cleared lot & build your new home from the ground up in much coveted X flood zone of Old Town. Lot is in the (HMDR) Historic Medium Density Residential zone. Original structure destroyed by fire in 1969. City of Key West has granted one beneficial use (ROGO) allocation (letter attached labeled as 'ROGO letter'). This is NOT a bankruptcy, distress sale or short sale. Already cleared, so no demo needed.

Last Agent to Sell the Property

Walt Lee

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3159689 Listed on: 08/30/2019

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Monique Thiel, PA

Sunshine State Realty Service

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,105

Lot Details

  • 2,195 Sq Ft Lot
  • Lot Dimensions are 87 x 25
  • Cleared Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Community Details

  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00025880-000000

Property Details

Property Type

Land

Est. Annual Taxes

$1,105

Lot Details

0

Listing Details

  • Property Type: Lots and Land
  • As Is Right To Inspect: Yes
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212131825981000000
  • Sale Terms: Other Terms
  • Side: Median
  • State Province: FL
  • Taxes: 1105.38
  • Title: Title Ins - Buyer
  • Alternate Key Number: 1026646
  • Lot Sq Ft: 2195.00
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Location Site: Paved Street, Cleared Site
  • Lot Dimensions: 87 X 25
  • Miscellaneous Info Mobile Home Lot: No
  • Miscellaneous Info Rogo W Letter: Yes
  • Survey Available: No
  • Tax Exemptions: None
  • Water Main Inquiry File: Yes
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Waterview: No Waterview

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00025880-000000
  • Land Size: Less Than 1/4 Acre
  • Total Lots: 1.00

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 7, 2021
Sold by
Rhoades Clifford E
Bought by
Rhoades Clifford E and The Clifford E Rhoades Jr Trus

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$705,000
Outstanding Balance
$655,265
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$983,491

Purchase Details

Listed on
Aug 30, 2019
Closed on
Sep 18, 2019
Sold by
Marrero Wilhelmina
Bought by
Rhoades Clifford E
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Monique Thiel, PA
Sunshine State Realty Service
List Price
$359,000
Sold Price
$300,000
Premium/Discount to List
-$59,000
-16.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
33.41%
Original Mortgage
$702,065
Interest Rate
5.12%
Mortgage Type
Construction

Purchase Details

Listed on
Aug 30, 2019
Closed on
Aug 30, 2019
Sold by
Marrero Wilhelmina
Bought by
Rhoades Clifford E
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Monique Thiel, PA
Sunshine State Realty Service
List Price
$359,000
Sold Price
$300,000
Premium/Discount to List
-$59,000
-16.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$702,065
Interest Rate
5.12%
Mortgage Type
Construction
Source: Public Records

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 Type Sale Price Title Company
Interfamily Deed Transfer -- First International Ttl Inc
Warranty Deed -- First International Ttl Inc
Warranty Deed $300,000 First International Ttl Inc
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $705,000 New Conventional
Closed $702,065 Construction
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/19/2025 05/19/25 Price Changed $1,450,000 -6.5% $1,095 / Sq Ft
03/11/2025 03/11/25 For Sale $1,550,000 0.0% $1,171 / Sq Ft
03/10/2025 03/10/25 Off Market $1,550,000 -- --
03/10/2025 03/10/25 For Sale $1,500,000 +400.0% $1,133 / Sq Ft
08/30/2019 08/30/19 Sold $300,000 -16.4% --
08/30/2019 08/30/19 Pending -- -- --
08/30/2019 08/30/19 For Sale $359,000 -- --
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 $7,314 $1,271,306 $671,472 $599,834
2023 $7,314 $860,229 $0 $0
2022 $7,001 $835,174 $0 $0
2021 $2,611 $339,128 $339,128 $0
2020 $2,172 $248,694 $248,694 $0
2019 $1,082 $122,721 $120,955 $1,766
2018 $1,105 $122,681 $120,955 $1,726
2017 $1,106 $122,680 $0 $0
2016 $1,055 $108,809 $0 $0
2015 $984 $98,775 $0 $0
2014 $932 $89,616 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 587168

Florida Keys Board of REALTORS®

APN: 00025880-000000