NOT LISTED FOR SALE

324 Virginia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $857,000 - $1,099,000

3 Beds
1 Bath
1,122 Sq Ft
$876/Sq Ft Est. Value

Last Sold May 15, 2020

Last sale price $486,000 $433 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $5,746/month

180 Days on Market

Highlights

  • Key West Architecture
  • Balcony
  • Some Wood Windows
  • No HOA

About This Home

As of May 2020

Lowest price single family home in Old Town (in MLS). Priced at $486 per sq ft. The next house that's at least 1100 sq ft on lot that is at least 3300 sq ft is priced $385,000 MORE! Close to many attractions & just 1.5 blocks off Duval St. Excellent opportunity to own a quintessential conch house that beckons to be returned to its former glory. Strip away the layers of paint & drywall to reveal the splendor of abundant interior wood (believed to be Dade Co Pine). Current configuration has total of 9 rooms & most boast high ceilings. Back yard has room for pool. Off street parking possible. Property requires major renovation. This is an estate sale. Property being sold As Is w/ no repair & no clean up by sellers. City of KW Planning Dep has recognized 2nd market rate building right.

Last Agent to Sell the Property

Walt Lee

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3159689 Listed on: 10/06/2019

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,451

Year Built

  • Built in 1923

Lot Details

  • 3,313 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Off-Street Parking

Home Design

  • Key West Architecture
  • Fixer Upper
  • Frame Construction

Interior Spaces

  • 1,122 Sq Ft Home
  • Some Wood Windows

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 1 Full Bathroom

Additional Features

  • Balcony
  • Public Hookup Available For Sewer

Community Details

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00025990-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,451

Year Built

Built in 1923

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 1
  • 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: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3450.76
  • Title: Title Ins - Buyer
  • Vehicle Storage: Off Street Parking
  • Year Built: 1923
  • Alternate Key Number: 1026751
  • Building Style: Conch
  • Lot Sq Ft: 3313.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1122.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: No Appliances
  • Windows/Doors: Wood Windows
  • Total Bedrooms: 3

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00025990-000000
  • Lot Size: 82 X 40
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 6, 2019
Closed on
May 15, 2020
Sold by
Edwin Knowles Jr
Bought by
Lykins Leasing Llc
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Creative Technology
List Price
$545,000
Sold Price
$486,000
Premium/Discount to List
-$59,000
-10.83%
Total Days on Market
180
Current Estimated Value
$982,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$496,707
Avg. Annual Appreciation
15.11%

Purchase Details

Listed on
Oct 6, 2019
Closed on
May 12, 2020
Sold by
Edwin Knowles Jr and Kennedy Alfred
Bought by
Lykins Leasing Llc
Seller's Agent
Walt Lee
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Creative Technology
List Price
$545,000
Sold Price
$486,000
Premium/Discount to List
-$59,000
-10.83%
Source: Public Records

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Range of Values:

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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
Lykins Leasing Llc $486,000 New Title Company Name
Lykins Leasing Llc $486,000 New Title Company Name
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/15/2020 05/15/20 Sold $486,000 -10.8% $433 / Sq Ft
04/03/2020 04/03/20 Pending -- -- --
10/06/2019 10/06/19 For Sale $545,000 -- $486 / 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 $6,371 $918,614 $856,046 $62,568
2023 $6,371 $936,594 $879,105 $57,489
2022 $5,009 $591,913 $533,227 $58,686
2021 $4,717 $489,794 $432,347 $57,447
2020 $4,134 $484,619 $417,935 $66,684
2019 $3,976 $486,980 $445,317 $41,663
2018 $3,861 $487,929 $445,317 $42,612
2017 $3,746 $488,878 $0 $0
2016 $3,426 $392,296 $0 $0
2015 -- $261,982 $0 $0
2014 -- $218,999 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Walt Lee

    Seller's Agent in 2020

    Walt Lee

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 879-7355

    7 in this area

    91 Total Sales

    Walt Lee
    Section Image

  • o

    Buyer's Agent in 2020

    outside of mls

    Outside Of MLS

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 587608

Florida Keys Board of REALTORS®

APN: 00025990-000000

Florida Monroe County Key West 33040 Old Town

324 Virginia St, Key West, FL

This home is located at 324 Virginia St, Key West, FL 33040 since 06 October 2019 and is currently estimated at $982,707, approximately $875 per square foot. This property was built in 1923. 324 Virginia St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Florida Keys Board of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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