NOT LISTED FOR SALE

Estimated Value: $1,371,106 - $2,155,000

2 Beds
2.5 Baths
3,534 Sq Ft
$502/Sq Ft Est. Value

Last Sold November 01, 2022

Last sale price $1,825,000 $516 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $10,761/month

281 Days on Market

Highlights

  • 0.15 Acre Lot
  • No HOA
  • Accessible Parking
  • Key West Architecture
  • Some Wood Windows
  • 4-minute walk to Truman Annex Park

About This Home

As of November 2022

Go to DOCUMENTS TAB. Download HARC Approved Plans to Renovate Historic Conch Cottage and Raze Existing CBS Structure & Add New Residential Unit; Survey, Elevation Certificate and Deed with HNC Zoning Uses. Lot is 67'X 100'. Nothing else like it on the market. Don't wait.

Last Agent to Sell the Property

Allison Findlay

Preferred Properties (KW) License #3441470 Listed on: 01/24/2022

Co-Listed By

Laura McChesney

Preferred Properties (KW) License #494597

Last Buyer's Agent

Bobby Coe

RE/MAX Keys Connection (KW) License #3428120

RE/MAX Keys Connection (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,930

Year Built

  • Built in 1963

Lot Details

  • 6,537 Sq Ft Lot
  • Property is zoned HRO - Historic Residential/Office

Home Design

  • Key West Architecture
  • Fixer Upper
  • Frame Construction

Interior Spaces

  • 3,534 Sq Ft Home
  • Some Wood Windows

Bedrooms and Bathrooms

  • 2 Bedrooms

Parking

  • 2 Parking Spaces
  • Guest Parking

Additional Features

  • Accessible Parking
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision
  • The community has rules related to deed restrictions

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00004490-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,930

Year Built

Built in 1963

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: 4
  • Fee Includes: None
  • Handicap Access: No
  • 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: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 12930.38
  • Title: Title Ins - Buyer
  • Vehicle Storage: Guest Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1963
  • Alternate Key Number: 1004677
  • Building Style: Conch, Other Bldg Style
  • Lot Sq Ft: 6537.00
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 3534.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: No Appliances
  • Half Bathrooms: 1
  • Windows/Doors: Wood Windows
  • Total Bedrooms: 2
  • Accessibility Features: Parking
  • Sq Ft Remarks: Irregular 67'X 100'lot. New Survey in Documents.

Exterior Features

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

Utilities

  • Utilities: Buyer to Verify, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE,0.2 PCT ANNUAL CH
  • Parcel Number: 00004490-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.15

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 24, 2022
Closed on
Oct 31, 2022
Sold by
Marceau Michael R
Bought by
Key West Modernist Llc
Seller's Agent
Allison Findlay
Preferred Properties (KW)
Buyer's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
List Price
$2,000,000
Sold Price
$1,825,000
Premium/Discount to List
-$175,000
-8.75%
Current Estimated Value
$1,773,277

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$51,723
Avg. Annual Appreciation
-1.01%
Original Mortgage
$3,119,358
Outstanding Balance
$3,008,638
Interest Rate
6.02%
Mortgage Type
Balloon
Estimated Equity
-$1,235,361

Purchase Details

Closed on
May 5, 2021
Sold by
Morgan & Hendrick Llc
Bought by
Marceau Michael R

Purchase Details

Closed on
Mar 7, 2012
Sold by
Morgan Hugh J and Hendrick James T
Bought by
Morgan & Hendrick Llc

Purchase Details

Closed on
Nov 23, 1998
Sold by
Hendrick James T
Bought by
Frechette Robert M and Frechette Lynda A

Purchase Details

Closed on
Apr 1, 1983
Bought by
Morgan And Hendrick Llc

Purchase Details

Closed on
Feb 1, 1975
Bought by
Morgan And Hendrick Llc
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
Key West Modernist Llc $1,825,000 --
Marceau Michael R $1,150,000 Accommodation
Morgan & Hendrick Llc -- Attorney
Frechette Robert M $771,000 --
Morgan And Hendrick Llc $75,000 --
Morgan And Hendrick Llc $40,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Key West Modernist Llc $3,119,358
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/01/2022 11/01/22 Sold $1,825,000 -8.8% $516 / Sq Ft
01/24/2022 01/24/22 For Sale $2,000,000 -- $566 / 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 $13,183 $1,421,628 $1,340,216 $81,412
2023 $13,183 $1,534,352 $1,409,377 $124,975
2022 $10,517 $1,232,779 $1,041,017 $191,762
2021 $12,930 $1,639,977 $1,441,409 $198,568
2020 $12,278 $1,639,997 $1,441,409 $198,588
2019 $11,207 $1,473,020 $1,264,910 $208,110
2018 $9,474 $1,061,504 $1,061,504 $0
2017 $8,570 $900,000 $0 $0
2016 $9,050 $900,000 $0 $0
2015 $9,272 $900,000 $0 $0
2014 $9,644 $900,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599314

Florida Keys Board of REALTORS®

APN: 00004490-000000