401 South St Key West, FL 33040
Old Town Neighborhood
5
Beds
3
Baths
2,845
Sq Ft
7,644
Sq Ft Lot
Highlights
- Ocean View
- 0.18 Acre Lot
- No HOA
About This Home
As of February 2022This very special Key West property has incredible views of the Atlantic ocean and the southernmost point. There are three units in two buildings. The main building has one unit on each floor. Each unit is very spacious with two bedrooms each, high ceilings and wide porches with beautiful ocean views. The cottage is a charming one bedroom/one bath in original condition. There is plenty of parking and room for a pool. The upstairs needs total renovation but has a great floor plan, high ceilings and amazing views. This property is a one of a kind Key West treasure!
Last Agent to Sell the Property
Preferred Properties (KW) License #494597 Listed on: 02/06/2014
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $4,518
Year Built
- Built in 1948
Lot Details
- 7,644 Sq Ft Lot
- Property is zoned HHDR - Historic High Density Residential
Parking
- 3 Parking Spaces
Interior Spaces
- 2,845 Sq Ft Home
- Ocean Views
- Range
Bedrooms and Bathrooms
- 5 Bedrooms
- 3 Full Bathrooms
Laundry
- Dryer
- Washer
Community Details
- No Home Owners Association
- Old Town Unlisted Subdivision
Listing and Financial Details
- Homestead Exemption
- Other Tax Exemptions
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
42
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
$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
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
-
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
-
Jeffrey Grosky
J
Seller Co-Listing Agent in 2022
Jeffrey Grosky
Preferred Properties (KW)
(305) 304-6868
19 in this area
46 Total Sales
-
Tommy Mack
Buyer's Agent in 2022
Tommy Mack
Coastal Collection Real Estate
(305) 731-7910
42 in this area
261 Total Sales
-
Laura McChesney
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: 119325
APN: 00036210-000000
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