NOT LISTED FOR SALE

407 Porter Ln Key West, FL 33040

Truman Annex Neighborhood

Estimated Value: $1,425,000 - $1,608,000

2 Beds
2.5 Baths
1,023 Sq Ft
$1,465/Sq Ft Est. Value

Last Sold October 07, 2021

Last sale price $1,200,000 $1,173 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $9,122/month

38 Days on Market

Highlights

  • Gated with Attendant
  • Deck
  • Stainless Steel Appliances
  • Concrete Pool
  • Wood Flooring
  • 5-minute walk to Truman Waterfront Park

About This Home

As of October 2021

NEW LISTING! This Porter Court home has been lovingly maintained & updated. The main level features a Bosch kitchen with breakfast bar, open living and dining space leading to the private deck. The main level also features a pantry and powder room. The second floor boasts primary bedroom with large spacious double closets and bath en suite. The second bedroom also has double closets w built-ins, en suite bath and balcony overlooking the pool. The laundry with full size machines is located on the bedroom level. This unit features Corian counter tops, bamboo flooring, assigned covered parking with additional storage space, pool views, central AC, impact windows/doors, hurricane shutters, and retractable screens. Porter Court is a small private community comprised of 19 homes set around a large graceful pool and spa. It is located inside the Truman Annex close to Duval Street, Fort Zachary Taylor Historic Park, new amphitheater, water park and more! Prime location in Old Town Key West.

Last Agent to Sell the Property

Bascom Grooms

Bascom Grooms Real Estate (KW) License #647099 Listed on: 07/16/2021

Last Buyer's Agent

Rick Lively

Coldwell Banker Schmitt R.E.

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $4,724

Year Built

  • Built in 1991 | Remodeled

Lot Details

  • Fenced

HOA Fees

  • $308 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,023 Sq Ft Home
  • Shutters
  • Blinds
  • French Doors
  • Storage
  • Monitored

Kitchen

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

Flooring

  • Wood
  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • Covered Parking
  • Off-Street Parking
  • Assigned Parking

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Balcony
  • Deck

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00006700-000213

Community Details

Overview

  • $2,807 Maintenance Fee
  • Association fees include bldg exterior mnt, security, common area mnt, cable, building insurance
  • Porter Court Subdivision
  • Rental Restrictions

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Pet Restriction: YES

Security

  • Gated with Attendant
  • Impact Glass

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$4,724

Year Built

Built in 1991 | Remodeled

Lot Details

0

HOA Fees

$308 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 925.00
  • Maintenance Fee: 2806.98
  • Mandatory HOA: Yes
  • Document Count: 5
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt, Cable, Building Insurance
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool, Spa
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 4724.47
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Off Street Parking, Covered Parking
  • Year Built: 1991
  • Alternate Key Number: 8783299
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Pool Info: Concrete, In Ground
  • Porch Balcony: Deck, Open Porch/Balcony
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • Shutters: Panel
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1023.00
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Pantry, Storage, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Microwave, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Dryer
  • Floor: Combo, Wood, Tile, Laminate
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Impact Rstnce Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Manned Gate, Patrolled Area
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,0.2 PCT ANNUAL CH
  • Parcel Number: 00006700-000213
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 16, 2021
Closed on
Oct 6, 2021
Sold by
Mugherini Neal F and Mugherini Sally J
Bought by
Irving Place Properties Llc
Seller's Agent
Bascom Grooms
Bascom Grooms Real Estate (KW)
Buyer's Agent
Rick Lively
Coldwell Banker Schmitt R.E.
List Price
$1,275,000
Sold Price
$1,200,000
Premium/Discount to List
-$75,000
-5.88%
Current Estimated Value
$1,498,878

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$298,878
Avg. Annual Appreciation
6.52%
Original Mortgage
$960,000
Outstanding Balance
$870,612
Interest Rate
2.12%
Mortgage Type
New Conventional
Estimated Equity
$668,625

Purchase Details

Closed on
Aug 21, 2000
Sold by
Bruno Michael S
Bought by
Mugherini Neal F and Mugherini Sally J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$279,920
Interest Rate
8.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 23, 1997
Sold by
Stucker Fred J and Stucker Deborah
Bought by
Bruno Michael S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$18,800
Interest Rate
7.85%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1993
Bought by
Mugherini Neal F and Mugherini Sally J

Purchase Details

Closed on
Oct 1, 1992
Bought by
Mugherini Neal F and Mugherini Sally J

Purchase Details

Closed on
Jul 1, 1991
Bought by
Mugherini Neal F and Mugherini Sally J
Source: Public Records

Range of Values:

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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
Irving Place Properties Llc $1,200,000 A & A Title
Mugherini Neal F $349,900 --
Bruno Michael S $100 --
Bruno Michael S $237,500 --
Mugherini Neal F $163,000 --
Mugherini Neal F $104,500 --
Mugherini Neal F -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Irving Place Properties Llc $960,000
Previous Owner Bruno Michael S $279,920
Previous Owner Bruno Michael S $18,800
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/07/2021 10/07/21 Sold $1,200,000 -3.9% $1,173 / Sq Ft
08/23/2021 08/23/21 Pending -- -- --
08/19/2021 08/19/21 Price Changed $1,249,000 -2.0% $1,221 / Sq Ft
07/16/2021 07/16/21 For Sale $1,275,000 -- $1,246 / 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 $9,935 $1,229,710 -- $1,229,710
2023 $9,935 $1,156,784 $0 $1,156,784
2022 $8,844 $1,017,562 $0 $1,017,562
2021 $4,805 $540,520 $0 $540,520
2020 $4,724 $533,058 $0 $533,058
2019 $4,654 $521,074 $0 $521,074
2018 $4,651 $511,359 $0 $0
2017 $4,630 $500,842 $0 $0
2016 $4,775 $490,541 $0 $0
2015 $4,869 $487,131 $0 $0
2014 $5,012 $483,265 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bascom Grooms

    Seller's Agent in 2021

    Bascom Grooms

    Bascom Grooms Real Estate (KW)

    (305) 304-7444

    6 in this area

    322 Total Sales

    Bascom Grooms
    Section Image

  • R

    Buyer's Agent in 2021

    Rick Lively

    Coldwell Banker Schmitt R.E.

  • Richard Lively

    Buyer's Agent in 2021

    Richard Lively

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 797-7233

    4 in this area

    73 Total Sales

    Richard Lively
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596916

Florida Keys Board of REALTORS®

APN: 00006700-000213

Florida Monroe County Key West 33040 Truman Annex

407 Porter Ln, Key West, FL

This home is located at 407 Porter Ln, Key West, FL 33040 since 16 July 2021 and is currently estimated at $1,498,878, approximately $1,465 per square foot. This property was built in 1991. 407 Porter Ln is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and Montessori Children's School of Key West.

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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