NOT LISTED FOR SALE

Estimated Value: $3,752,073

4 Beds
6 Baths
4,849 Sq Ft
$774/Sq Ft Est. Value

Last Sold June 12, 2019

Last sale price $2,350,000 $485 Per Sq Ft

Est. 60% increase in value since last sale

Current estimated payment $21,570/month

134 Days on Market

Highlights

  • Cathedral Ceiling
  • No HOA
  • Workshop
  • Wood Flooring
  • Community Pool
  • Patio

About This Home

As of June 2019

Open House this Sunday 3/24 from 12 pm to 3 pm.This is one of the most unique buildings in Key West! Constructed of Florida Keystone. This beautiful stone forms 14'' thick solid walls that have stood the test of time for more than a century. Formerly the Saint Stephen AME Zion Church, this building is an architectural gem in the Gothic Revival style, with a steeply pitched gable roof, pointed-arch windows and a low tower. Perfectly preserved, the historic space features cathedral ceilings, exposed wood beams, antique stained glass windows, designer flooring, and large open floor plans. This is a wonderful mixed-use property for a discerning buyer that includes 2,100 square feet of commercial space, a two-bedroom plus loft luxury residence

Last Agent to Sell the Property

Ellen Gvili

Ocean Sotheby's International Realty Listed on: 09/28/2018

Ocean Sotheby's International Realty

Last Buyer's Agent

Ellen Gvili

Ocean Sotheby's International Realty Listed on: 09/28/2018

Ocean Sotheby's International Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,827

Year Built

  • Built in 1900

Lot Details

  • 3,999 Sq Ft Lot
  • Fenced

Home Design

  • Metal Roof

Interior Spaces

  • 4,849 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Workshop

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms

Outdoor Features

  • Patio

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00025720-000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Old Town Unlisted Subdivision
  • Rental Restrictions

Recreation

  • Community Pool
  • Bike Trail

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,827

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: Other
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Bike Paths, Other Area Features, Community Pool
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 7826.86
  • Title: Negotiable
  • Year Built: 1900
  • Alternate Key Number: 1026484
  • Building Style: Temple
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 3999.00
  • Porch Balcony: Patio
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 4849.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Dade County Pine
  • Floor Number: 2.00
  • Total Bathrooms: 3.30
  • Full Bathrooms: 3
  • Floor: Other, Wood, Tile
  • Half Bathrooms: 3
  • Specialty Rooms: Other, Workshop
  • Windows/Doors: Other Windows/Doors
  • Appliances Other: YES
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00025720-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 28, 2018
Closed on
Jun 14, 2019
Sold by
Oaks Key West Llc
Bought by
Midnight Enterprises Key West
Seller's Agent
Ellen Gvili
Ocean Sotheby's International Realty
Buyer's Agent
Ellen Gvili
Ocean Sotheby's International Realty
List Price
$2,599,000
Sold Price
$2,350,000
Premium/Discount to List
-$249,000
-9.58%
Total Days on Market
134
Current Estimated Value
$3,752,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,402,073
Avg. Annual Appreciation
8.15%
Original Mortgage
$1,125,000
Outstanding Balance
$999,327
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,752,746

Purchase Details

Listed on
Sep 28, 2018
Closed on
Jun 12, 2019
Sold by
Oaks Key West Llc
Bought by
Midnight Enterprises Key West
Seller's Agent
Ellen Gvili
Ocean Sotheby's International Realty
Buyer's Agent
Ellen Gvili
Ocean Sotheby's International Realty
List Price
$2,599,000
Sold Price
$2,350,000
Premium/Discount to List
-$249,000
-9.58%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,125,000
Outstanding Balance
$999,327
Interest Rate
4.1%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$2,752,746

Purchase Details

Closed on
Apr 28, 2014
Sold by
Special Acquisitions Holdings Inc
Bought by
The Oaks Key West Llc

Purchase Details

Closed on
Feb 4, 2014
Sold by
Old Keystone Church Inc
Bought by
Special Acquisitions Holdings Inc

Purchase Details

Closed on
Jun 4, 2013
Sold by
Old Keystone Church Inc
Bought by
Special Acquisitions Holdings Inc

Purchase Details

Closed on
May 24, 2013
Sold by
Old Keystone Church Inc
Bought by
Special Acquisitions Holding Inc

Purchase Details

Closed on
May 13, 2013
Sold by
Old Keystone Church Inc
Bought by
Capital Bank Na and Nafh National Bank

Purchase Details

Closed on
Mar 1, 1993
Bought by
The Oaks Key West Llc

Purchase Details

Closed on
Sep 1, 1992
Bought by
The Oaks Key West Llc

Purchase Details

Closed on
Mar 1, 1987
Bought by
The Oaks Key West Llc

Purchase Details

Closed on
May 1, 1986
Bought by
The Oaks Key West Llc
Source: Public Records

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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
Midnight Enterprises Key West $2,350,000 None Listed On Document
Midnight Enterprises Key West $2,350,000 None Listed On Document
The Oaks Key West Llc $895,000 Attorney
Special Acquisitions Holdings Inc -- Attorney
Special Acquisitions Holdings Inc -- None Available
Special Acquisitions Holding Inc -- None Available
Capital Bank Na -- None Available
The Oaks Key West Llc $220,000 --
The Oaks Key West Llc $35,000 --
The Oaks Key West Llc $175,000 --
The Oaks Key West Llc $125,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Midnight Enterprises Key West $1,125,000
Closed Midnight Enterprises Key West $1,125,000
Previous Owner Old Key Stone Church Inc $0
Previous Owner Old Key Stone Church Inc $100,000
Previous Owner Old Key Stone Church Inc $50,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/12/2019 06/12/19 Sold $2,350,000 -9.6% $485 / Sq Ft
02/09/2019 02/09/19 Pending -- -- --
09/28/2018 09/28/18 For Sale $2,599,000 -- $536 / 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 $19,899 $2,221,515 $1,354,476 $867,039
2023 $19,899 $2,212,298 $1,354,476 $857,822
2022 $18,904 $2,231,829 $1,354,476 $877,353
2021 $17,763 $1,881,957 $985,074 $896,883
2020 $17,721 $1,884,137 $873,718 $1,010,419
2019 $11,533 $1,449,204 $693,427 $755,777
2018 $9,219 $1,043,418 $659,835 $383,583
2017 $8,237 $853,260 $0 $0
2016 $9,208 $905,683 $0 $0
2015 $9,448 $905,186 $0 $0
2014 $9,658 $888,918 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 582080

Florida Keys Board of REALTORS®

APN: 00025720-000000