NOT LISTED FOR SALE

3401 Flagler Ave Key West, FL 33040

New Town Neighborhood

Estimated Value: $423,000 - $433,982

3 Beds
0.5 Bath
1,664 Sq Ft
$258/Sq Ft Est. Value

Last Sold August 09, 2017

Last sale price $270,000 $162 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $2,454/month

255 Days on Market

About This Home

As of August 2017

Unique opportunity in Key West! Remodel the existing building and enjoy an office space on the first floor and a large space on the second floor with 5-6 bedrooms. Can be used for employee housing and enjoy the extra income. Property sits on a large 5000+- square foot parcel close to everything. Possible short term financing. Click documents tab for the floor plans. Taxes are approximate only

Last Agent to Sell the Property

James Woodend

Keys Commercial Real Estate LLC (KW) License #3316527 Listed on: 10/07/2016

Co-Listed By

Gary Smith

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Richard Haskins

Buy The Keys (KW)

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1968

Lot Details

  • 5,009

Home Design

  • 1,664 Sq Ft Home

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 0.5 Bathroom

Additional Features

  • Ground Level
  • Public Hookup Available For Sewer

Community Details

Overview

  • No Home Owners Association
  • Key West Fwdn Sub Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • Limited Representation: No
  • Mile Marker: 4.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Year Built: 1968
  • Alternate Key Number: 9103643
  • Building Style: Ground Level
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1664.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 0.10
  • Appliances: No Appliances
  • Half Bathrooms: 1
  • Appliances Other: YES
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Other
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Land Size: More than 1 Lot

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 7, 2016
Closed on
Aug 9, 2017
Sold by
Cleghorn Homes Llc
Bought by
Rcjb Properries Inc
Seller's Agent
James Woodend
Keys Commercial Real Estate LLC (KW)
Buyer's Agent
Richard Haskins
Buy The Keys (KW)
List Price
$799,000
Sold Price
$270,000
Premium/Discount to List
-$529,000
-66.21%
Current Estimated Value
$428,491

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$158,491
Avg. Annual Appreciation
5.65%
Original Mortgage
$202,500
Interest Rate
3.82%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 17, 2015
Sold by
Flynn Debra S
Bought by
Cleghorn Homes Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
3.94%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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 Buyer Sale Price Title Company
Rcjb Properries Inc $270,000 Superior Title Of South Fl I
Cleghorn Homes Llc $312,500 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rcjb Properries Inc $202,500
Previous Owner Cleghorn Homes Llc $87,500
Previous Owner Cleghorn Homes Llc $225,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/09/2017 08/09/17 Sold $270,000 -66.2% $162 / Sq Ft
06/19/2017 06/19/17 Pending -- -- --
10/07/2016 10/07/16 For Sale $799,000 -- $480 / 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
2025 $2,511 $320,875 $320,875 --
2024 $2,694 $320,875 $320,875 --
2023 $2,694 $337,726 $320,875 $16,851
2022 $2,579 $337,726 $320,875 $16,851
2021 $1,947 $135,487 $117,025 $18,462
2020 $1,938 $135,487 $117,025 $18,462
2019 $1,936 $135,487 $117,025 $18,462
2018 $3,306 $286,508 $136,400 $150,108
2017 $3,055 $254,081 $0 $0
2016 $3,234 $259,559 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2017

    James Woodend

    Keys Commercial Real Estate LLC (KW)

  • G

    Seller Co-Listing Agent in 2017

    Gary Smith

    Coldwell Banker Schmitt Real Estate Co. (KW)

  • R

    Buyer's Agent in 2017

    Richard Haskins

    Buy The Keys (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 572257

Florida Keys Board of REALTORS®

APN: 00052750-000100

Florida Monroe County Key West 33040 New Town

3401 Flagler Ave, Key West, FL

Not Listed for Sale

MultiFamily

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