NOT LISTED FOR SALE

Estimated Value: $1,486,401 - $1,681,000

3 Beds
3 Baths
1,204 Sq Ft
$1,306/Sq Ft Est. Value

Last Sold April 12, 2022

Last sale price $1,295,000 $1,076 Per Sq Ft

Est. 21% increase in value since last sale

Current estimated payment $9,707/month

37 Days on Market

Highlights

  • Concrete Pool
  • Key West Architecture
  • No HOA
  • Deck
  • Furnished
  • Stainless Steel Appliances

About This Home

As of April 2022

If you're searching for classic Key West charm, look no further than this Conch cottage located in the heart of Old Town's Bahama Village. This 3BD/3BA home features Dade County Pine, built in shelves, and low maintenance tile floors throughout. Updates in the past few years include a new roof, A/C, deck, and pool refurbishment. The property has an abundance of outdoor space, from the charming front porch to the new spacious composite deck in the back. There's plenty of room to relax poolside, dine outdoors, and there's even an additional deck area ready for a hot tub to be installed. This home is perfectly located within a block and a half of Duval St and within easy walking distance of Hemingway's House, the Southernmost Point, and all of Key West's favorite restaurants and bars. There's also a waterfront community park and pool located just down the street. Built in 1923, this property has been a fixture of the neighborhood for almost a century and is ready to be loved by a new owner.

Last Listed By

Scott Forman

Royal Palms Realty (KW) License #3045796 Listed on: 02/28/2022

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,053

Year Built

  • Built in 1923

Lot Details

  • 2,564 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,204 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Shutters
  • Blinds
  • Tile Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Balcony
  • Deck
  • Outdoor Storage

Utilities

  • Central Air
  • Propane
  • Public Hookup Available For Sewer

Community Details

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

Listing and Financial Details

  • Assessor Parcel Number 00026340-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,053

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 7052.81
  • Year Built: 1923
  • Alternate Key Number: 1027138
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 2564.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Open Porch/Balcony
  • Shutters: Bahama, Panel
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1204.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Microwave, Stainless Steel Appliance(s), Refrigerator, Oven, Dryer
  • Floor: Tile
  • Total Bedrooms: 3
  • Sq Ft Remarks: Buyer to verify

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00026340-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 28, 2022
Closed on
Apr 12, 2022
Sold by
Joseph Alosa Jr and Joseph Martha
Bought by
Steffen W Schmidt Revocable Trust and Helen Hoyt Schmidt Revocable Trust
Seller's Agent
Scott Forman
Royal Palms Realty (KW)
Buyer's Agent
Tonya Cabanas
Compass Realty (KW)
List Price
$1,295,000
Sold Price
$1,295,000
Total Days on Market
37
Current Estimated Value
$1,572,850

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$277,850
Avg. Annual Appreciation
6.41%
Original Mortgage
$1,036,000
Outstanding Balance
$976,739
Interest Rate
3.76%
Mortgage Type
New Conventional
Estimated Equity
$596,111

Purchase Details

Listed on
Apr 16, 2015
Closed on
Sep 17, 2015
Sold by
Schmausser Jochen and Schmausser Diana
Bought by
Alosa Joseph R and Alosa Martha S
Seller's Agent
Andrea Weitz
Century 21 Schwartz Realty (KW)
Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
List Price
$774,900
Sold Price
$745,000
Premium/Discount to List
-$29,900
-3.86%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.78%

Purchase Details

Listed on
May 8, 2012
Closed on
Jul 9, 2012
Sold by
Hamilton James D and Hamilton Eva M
Bought by
Schmausser Jochen and Schmausser Diana
Seller's Agent
Suzanne Moore
Truman & Co. (KW)
Buyer's Agent
Andrea Weitz
Prudential Knight Keyside Pro
List Price
$549,000
Sold Price
$521,250
Premium/Discount to List
-$27,750
-5.05%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.85%
Original Mortgage
$417,000
Interest Rate
3.01%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 22, 2009
Sold by
Allen Phyllis
Bought by
Hamilton James

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$105,000
Interest Rate
10%
Mortgage Type
Balloon

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
Steffen W Schmidt Revocable Trust $1,295,000 Spottswood Spottswood Spottswo
Alosa Joseph R $745,000 First Intl Title Inc
Schmausser Jochen $521,300 First American Title Ins Co
Hamilton James $150,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Steffen W Schmidt Revocable Trust $1,036,000
Previous Owner Schmausser Jochen $417,000
Previous Owner Hamilton James $105,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/12/2022 04/12/22 Sold $1,295,000 0.0% $1,076 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
02/28/2022 02/28/22 For Sale $1,295,000 +73.8% $1,076 / Sq Ft
09/17/2015 09/17/15 Sold $745,000 -3.9% $619 / Sq Ft
09/10/2015 09/10/15 Pending -- -- --
04/16/2015 04/16/15 For Sale $774,900 +48.7% $644 / Sq Ft
07/09/2012 07/09/12 Sold $521,250 -5.1% $496 / Sq Ft
06/26/2012 06/26/12 Pending -- -- --
05/08/2012 05/08/12 For Sale $549,000 -- $523 / 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 $10,844 $1,245,211 $769,123 $476,088
2023 $10,844 $1,241,010 $789,840 $451,170
2022 $7,746 $977,847 $479,083 $498,764
2021 $7,053 $756,552 $388,446 $368,106
2020 $7,125 $767,546 $375,498 $392,048
2019 $6,780 $721,647 $393,625 $328,022
2018 $7,002 $731,561 $396,138 $335,423
2017 $7,040 $735,537 $0 $0
2016 $6,726 $650,320 $0 $0
2015 $4,802 $448,219 $0 $0
2014 $4,589 $413,217 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599867

Florida Keys Board of REALTORS®

APN: 00026340-000000