NOT LISTED FOR SALE

405 William St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,887,000 - $3,107,000

4 Beds
3.5 Baths
2,054 Sq Ft
$1,282/Sq Ft Est. Value

Last Sold May 17, 2022

Last sale price $2,700,000 $1,315 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $15,258/month

72 Days on Market

Highlights

  • Heated In Ground Pool
  • Cathedral Ceiling
  • No HOA
  • Deck
  • Wood Flooring
  • 4-minute walk to Dry Tortugas National Park

About This Home

As of May 2022

If you're looking for historic Key West at its best, look no further. From the moment you step inside this historic home tucked into the heart of Old Town, you know it's something special. Located on a highly desirable block of William just 2 blocks from the Historic Seaport, highlights include Dade County pine, barrel ceiling, recently refinished wood floors, and historic curbstones reclaimed from Old Town Key West. The larger main level includes 2 bedrooms, 2 bathrooms, a private heated salt water pool & backyard oasis, a pool bath (.5) and bar for entertaining. Enjoy outdoor living at its finest with plenty of room to soak up some sun by the pool or relax on one of the two covered porches when shade is desired. Enjoy your morning coffee on the front porch and watch the tourists walk by or lounge on the porch swing. Lovely mature vegetation ensures peaceful privacy. The property also boasts 2 off-street parking spots. Upstairs, accessible by a separate exterior staircase on the opposite side of the property, is a spacious 2 bedroom and 1 bath. Currently this unit is occupied by a fabulous local tenant, leased month-to-month. Long term rentals have been the norm for the upper unit, but HARC approved plans exist if a single family home is desired.This home has the potential to be anything the Buyer would like it to be, whether you keep it as a duplex or return it to a grand single-family residence.

Last Agent to Sell the Property

Chad Burtch

Key West Real Estate Sales & Rentals, LLC (KW) Listed on: 01/13/2022

Co-Listed By

Casey Burtch

Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys License #SL3492917

Last Buyer's Agent

The Lowe Group

Berkshire Hathaway HomeServices Knight & Gardner Realty License #000000

Berkshire Hathaway HomeServices Knight & Gardner Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,149

Year Built

  • Built in 1939

Lot Details

  • 4,422 Sq Ft Lot
  • Privacy Fence
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,054 Sq Ft Home
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Double Hung Windows
  • French Doors
  • Sliding Doors
  • Entrance Foyer
  • Storage

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Accordion Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Saltwater Pool

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Utilities

  • Central Air
  • Separate Meters
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00005860-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,149

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 11149.26
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1939
  • Alternate Key Number: 1006084
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 4422.00
  • Pool Info: In Ground, Salt Water
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Shutters: Accordion, Other
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 2054.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Sewer Hook Up: No
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Window Treatments, Walk-in Closet(s), Storage, Entrance Foyer, Cathedral Ceilings, Drapes/Blinds Incl, Dade County Pine
  • Total Bathrooms: 4.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Oven, Ice Machine, Freezer, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Glass Doors, French Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: Lower Level 2/2.5 approximately 1250 square feetUpper Level 2/1 approximately 800 square feet

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Storage, Privacy Wall/Fence, Rain Gutters, Lighting
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Other
  • Utilities: Cable Available, FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: No
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00005860-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 1, 2012
Sold by
Mario Christopher B
Bought by
Hower Daniel Lamar and Hower Missy K
Current Estimated Value
$2,632,493

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$740,000
Outstanding Balance
$503,388
Interest Rate
3.97%
Mortgage Type
Commercial
Estimated Equity
$2,129,105

Purchase Details

Closed on
Dec 16, 2008
Sold by
Gonzon Francis J and Gonzon Nichol
Bought by
Mario Christopher B

Purchase Details

Closed on
Sep 28, 2005
Sold by
Andrews Barry and Andrews Eva M
Bought by
Gonzon Francis J and Gonzon Nichol

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,279,200
Interest Rate
6.5%
Mortgage Type
Unknown

Purchase Details

Closed on
Jan 4, 2005
Sold by
The Corner Llc
Bought by
Andrews Barry and Andrews Eva M

Purchase Details

Closed on
Sep 11, 2003
Bought by
Hower Daniel Lamar and Hower Missy K

Purchase Details

Closed on
May 1, 1998
Bought by
Hower Daniel Lamar and Hower Missy K

Purchase Details

Closed on
Apr 1, 1979
Bought by
Hower Daniel Lamar and Hower Missy K
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Hower Daniel Lamar $925,000 Attorney
Mario Christopher B $815,000 Attorney
Gonzon Francis J $1,599,000 --
Andrews Barry $668,000 --
Hower Daniel Lamar $600,000 --
Hower Daniel Lamar $1,200,000 --
Hower Daniel Lamar $106,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hower Daniel Lamar $740,000
Previous Owner Gonzon Francis J $1,279,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2022 05/17/22 Sold $2,700,000 -10.0% $1,315 / Sq Ft
04/01/2022 04/01/22 For Sale $2,999,999 0.0% $1,461 / Sq Ft
03/26/2022 03/26/22 Pending -- -- --
02/18/2022 02/18/22 Price Changed $2,999,999 -6.2% $1,461 / Sq Ft
01/13/2022 01/13/22 For Sale $3,199,000 -- $1,557 / 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 $17,917 $2,064,176 $1,109,568 $954,608
2024 $17,213 $2,059,484 $1,109,568 $949,916
2023 $17,213 $1,946,893 $1,019,824 $927,069
2022 $12,798 $1,709,272 $772,347 $936,925
2021 $11,149 $1,175,501 $585,605 $589,896
2020 $10,524 $1,111,897 $536,654 $575,243
2019 $9,701 $1,005,565 $523,963 $481,602
2018 $9,854 $1,002,604 $497,320 $505,284
2017 $10,131 $1,014,959 $0 $0
2016 $10,141 $1,023,477 $0 $0
2015 $9,219 $840,124 $0 $0
2014 $9,845 $866,717 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • C

    Seller's Agent in 2022

    Chad Burtch

    Key West Real Estate Sales & Rentals, LLC (KW)

  • C

    Seller Co-Listing Agent in 2022

    Casey Burtch

    Berkshire Hathaway HomeServices Keys Real Estate - Lower Keys

    (239) 565-2080

    2 in this area

    16 Total Sales

    Casey Burtch
    Section Image

  • T

    Buyer's Agent in 2022

    The Lowe Group

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 599175

Florida Keys Board of REALTORS®

APN: 00005860-000000

Florida Monroe County Key West 33040 Old Town

405 William St, Key West, FL

Not Listed for Sale

Detached

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