NOT LISTED FOR SALE

401 South St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,529,000 - $3,419,000

4 Beds
3 Baths
2,845 Sq Ft
$1,091/Sq Ft Est. Value

Last Sold February 08, 2022

Last sale price $2,800,000 $984 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $19,117/month

199 Days on Market

Highlights

  • Ocean Front
  • Deck
  • Granite Countertops
  • 0.18 Acre Lot
  • Key West Architecture
  • No HOA

About This Home

As of February 2022

Historic home with the best Ocean views in Key West, located directly across the street from the Southern Most Point Buoy. There are 3 units, the main building has two , 2 bedroom units, high ceilings and great porches. The upstairs unit has been totally renovated with a great kitchen. The cottage has 1 bedroom and 1 bathroom. Can be a great conversion back to a single family residence.There is plenty of room for a pool. Many off street parking spaces. Currently the income is 9200 a month.There are leases in place until January. Owner financing available.

Last Agent to Sell the Property

Key West Luxury Finders

Preferred Properties (KW) License #3028945 Listed on: 06/11/2021

Co-Listed By

Jeffrey Grosky

Preferred Properties (KW) License #3271707

Last Buyer's Agent

Tommy Mack

Coastal Collection Real Estate License #3285624

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $12,402

Year Built

  • Built in 1948

Lot Details

  • 7,644 Sq Ft Lot
  • Ocean Front
  • Fenced

Parking

  • Off-Street Parking

Home Design

  • Key West Architecture
  • Metal Roof

Interior Spaces

  • 2,845 Sq Ft Home
  • Ceiling Fan
  • Double Hung Windows
  • Ocean Views
  • Fire and Smoke Detector

Kitchen

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

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony
  • Deck
  • Rain Gutters

Utilities

  • Central Air
  • Heat Pump System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00036210-000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Filer Boyle Sub Subdivision
  • Rental Restrictions

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$12,402

Year Built

Built in 1948

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: 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 W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 12402.28
  • Vehicle Storage: Off Street Parking
  • Year Built: 1948
  • Alternate Key Number: 1037079
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 7644.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: No
  • Estimated Living Sq Ft: 2845.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Range, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Oven, Dryer
  • Windows/Doors: Double Hung Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: Oceanfront
  • Waterfront: Yes
  • Construction: Other
  • Exterior Features: Fencing, Rain Gutters
  • Roof: Metal Roof
  • Waterview: Ocean View
  • Pool: No

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,VE,VE,AE
  • Parcel Number: 00036210-000000
  • Lot Size: 7644
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.18

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 11, 2021
Closed on
Feb 8, 2022
Sold by
401 South Street Llc
Bought by
Dennis L Sheckler Trust and Allyson E Sheckler Trust
Seller's Agent
Key West Luxury Finders
Preferred Properties (KW)
Buyer's Agent
Tommy Mack
Coastal Collection Real Estate
List Price
$3,100,000
Sold Price
$2,800,000
Premium/Discount to List
-$300,000
-9.68%
Total Days on Market
199
Current Estimated Value
$3,104,352

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$304,352
Avg. Annual Appreciation
3.14%

Purchase Details

Listed on
Feb 6, 2014
Closed on
Apr 22, 2014
Sold by
Jones Lewis Sarah
Bought by
401 South Street Llc
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Key West Luxury Finders
Preferred Properties (KW)
List Price
$1,600,000
Sold Price
$1,400,000
Premium/Discount to List
-$200,000
-12.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.28%

Purchase Details

Closed on
Feb 1, 1978
Bought by
401 South Street Llc
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
Dennis L Sheckler Trust $2,800,000 Oropeza Stones Cardenas Pllc
401 South Street Llc $1,400,000 Attorney
401 South Street Llc $100,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lewis Sarah Jones $975,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/08/2022 02/08/22 Sold $2,800,000 -3.3% $984 / Sq Ft
12/27/2021 12/27/21 Pending -- -- --
07/24/2021 07/24/21 Price Changed $2,895,000 -6.6% $1,018 / Sq Ft
06/11/2021 06/11/21 For Sale $3,100,000 +121.4% $1,090 / Sq Ft
04/22/2014 04/22/14 Sold $1,400,000 -12.5% $492 / Sq Ft
03/20/2014 03/20/14 Pending -- -- --
02/06/2014 02/06/14 For Sale $1,600,000 -- $562 / 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 $21,086 $2,505,152 $1,450,220 $1,054,932
2023 $21,086 $2,354,279 $1,332,923 $1,021,356
2022 $14,864 $2,042,933 $1,009,467 $1,033,466
2021 $12,527 $1,283,982 $730,155 $553,827
2020 $12,402 $1,275,175 $709,975 $565,200
2019 $12,255 $1,247,844 $790,695 $457,149
2018 $12,534 $1,254,484 $790,695 $463,789
2017 $12,446 $1,222,600 $0 $0
2016 $12,249 $1,134,786 $0 $0
2015 $12,337 $1,110,553 $0 $0
2014 $4,752 $396,201 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Key West Luxury Finders

    Seller's Agent in 2022

    Key West Luxury Finders

    Preferred Properties (KW)

    (305) 240-0355

    33 in this area

    79 Total Sales

    Key West Luxury Finders
    Section Image

  • J

    Seller Co-Listing Agent in 2022

    Jeffrey Grosky

    Preferred Properties (KW)

    (305) 304-6868

    19 in this area

    46 Total Sales

    Jeffrey Grosky
    Section Image
  • Tommy Mack

    Buyer's Agent in 2022

    Tommy Mack

    Coastal Collection Real Estate

    (305) 731-7910

    42 in this area

    261 Total Sales

    Tommy Mack
    Section Image

  • L

    Seller's Agent in 2014

    Laura McChesney

    Preferred Properties (KW)

    (305) 923-6639

    14 in this area

    49 Total Sales

    Laura McChesney
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596484

Florida Keys Board of REALTORS®

APN: 00036210-000000

Florida Monroe County Key West 33040 Old Town

401 South St, Key West, FL

This home is located at 401 South St, Key West, FL 33040 since 11 June 2021 and is currently estimated at $3,104,352, approximately $1,091 per square foot. This property was built in 1948. 401 South 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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