401 South St Key West, FL 33040
Old Town Neighborhood
4
Beds
3
Baths
2,845
Sq Ft
7,644
Sq Ft Lot
Highlights
- Ocean Front
- Deck
- Granite Countertops
- 0.18 Acre Lot
- Key West Architecture
- No HOA
About This Home
As of February 2022Historic 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
Preferred Properties (KW) License #3028945 Listed on: 06/11/2021
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
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%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$329,906
Avg. Annual Appreciation
3.01%
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
Similar Homes in Key West, FL
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $2,800,000 | Oropeza Stones Cardenas Pllc | |
| Warranty Deed | $1,400,000 | Attorney | |
| Deed | $100,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $975,000 | Credit Line Revolving |
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
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
-
Seller's Agent in 2022
Key West Luxury Finders
Preferred Properties (KW)
(305) 240-0355
34 in this area
80 Total Sales
-
J
Seller Co-Listing Agent in 2022
Jeffrey Grosky
Preferred Properties (KW)
(305) 304-6868
19 in this area
45 Total Sales
-
Buyer's Agent in 2022
Tommy Mack
Coastal Collection Real Estate
(305) 731-7910
41 in this area
252 Total Sales
-
L
Seller's Agent in 2014
Laura McChesney
Preferred Properties (KW)
(305) 923-6639
14 in this area
49 Total Sales
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 596484
APN: 00036210-000000
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