NOT LISTED FOR SALE

408 Grinnell St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,808,492 - $3,027,000

4 Beds
4 Baths
2,475 Sq Ft
$1,180/Sq Ft Est. Value

Last Sold December 30, 2024

Last sale price $2,895,000 $1,170 Per Sq Ft

Est. 1% increase in value since last sale

Current estimated payment $17,570/month

186 Days on Market

About This Home

As of December 2024

Perfectly situated in Old Town, this home is a true gem! Built in 2005 it's just two blocks from the Key West Seaport and all the vibrant shops, galleries, and dining spots. This 3 or 4 bedroom, 4 bath residence features handsome reclaimed pine floors and walls throughout, tall, coffered living room ceilings, cathedral ceilings with large wooden beams upstairs, 10-inch baseboards with corner bullets, crown molding, and a stunning cherry staircase. The open living, dining, and kitchen area is ideal for gatherings, with three sets of French doors leading to a custom pool. The brand-new composite deck surrounding the pool and patio is perfect for entertaining. Gourmet kitchen boasts granite counters, stainless steel appliances, custom cabinetry & a wine cooler. Enjoy porches and 2nd floor balconies off both the front & back of the home. The flexible 4th bedroom can serve as a library or a den. Additional highlights include a wet bar w/ icemaker, impact windows, spacious closets, stone tile, fully fenced yard, Chicago brick driveway & pathways, and off-street parking.

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 05/13/2024

Co-Listed By

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Last Buyer's Agent

The Behmke Group

Keller Williams Key West Compass Realty License #BK3386409

Keller Williams Key West Compass Realty

Home Details

Home Type

Single Family

Est. Annual Taxes

$16,768

Year Built

2005

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 2
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • 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: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 16768.25
  • Vehicle Storage: Off Street Parking
  • Year Built: 2005
  • Alternate Key Number: 1005665
  • Building Style: Conch
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 3908.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2475.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Dade County Pine, Granite Counter Top, Built-in Cabinets, Wet Bar
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Washer, Stainless Steel Appliance(s), Wine Cooler, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: French Doors, Impact Rstnce Window, Impact Rstnce Doors, Sliding Glass Doors
  • Total Bedrooms: 4
  • Sq Ft Remarks: Buyer to verify square footage

Exterior Features

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

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,AE
  • Parcel Number: 00005480-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 13, 2024
Closed on
Dec 24, 2024
Sold by
Diane Damron Living Trust and Damron Diane B
Bought by
Smith Lance C and Smith Amy J
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
The Behmke Group
Keller Williams Key West Compass Realty
List Price
$3,499,000
Sold Price
$2,895,000
Premium/Discount to List
-$604,000
-17.26%
Views
61
Current Estimated Value
$2,919,873

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$24,873
Avg. Annual Appreciation
4.75%
Original Mortgage
$2,284,000
Outstanding Balance
$2,277,338
Interest Rate
6.15%
Mortgage Type
New Conventional
Estimated Equity
$692,452

Purchase Details

Closed on
May 3, 2016
Sold by
Damron Diane B
Bought by
The Diane Damron Living Trust

Purchase Details

Closed on
Oct 31, 2008
Sold by
Bank Of New York
Bought by
Damron Leonard A and Damron Diane B

Purchase Details

Closed on
Mar 13, 2008
Sold by
Gruneisen Albert
Bought by
Bank Of New York

Purchase Details

Closed on
Mar 3, 2008
Sold by
Gruneisen Albert
Bought by
Bank Of New York and Holders Cwalt Inc Alternative Loan Trust

Purchase Details

Closed on
Mar 13, 2007
Bought by
Damron Diane B Living Trust 10/30/1988

Purchase Details

Closed on
Jan 25, 2006
Sold by
Gruneisen Properties Llc
Bought by
Gruneisen Albert

Purchase Details

Closed on
Aug 20, 2004
Sold by
Saunders Scott and Saunders Tammy
Bought by
Gruneisen Properties Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,369,000
Interest Rate
5.91%
Mortgage Type
Unknown

Purchase Details

Closed on
Apr 28, 2004
Sold by
Hernandez Margaret T
Bought by
Saunders Scott and Saunders Tammy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$494,000
Interest Rate
5.49%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Smith Lance C $2,895,000 None Listed On Document
Smith Lance C $2,895,000 None Listed On Document
The Diane Damron Living Trust -- None Available
Damron Leonard A $1,325,000 None Available
Damron Leonard A $50,000 None Available
Bank Of New York -- Attorney
Bank Of New York -- None Available
Damron Diane B Living Trust 10/30/1988 $100 --
Gruneisen Albert -- None Available
Gruneisen Properties Llc $675,000 Chicago Title Florida Keys
Saunders Scott $520,000 Chicago Title Of The Florida
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Smith Lance C $2,284,000
Closed Smith Lance C $2,284,000
Previous Owner Gruneisen Properties Llc $1,400,000
Previous Owner Gruneisen Properties Llc $1,369,000
Previous Owner Saunders Scott $494,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/30/2024 12/30/24 Sold $2,895,000 0.0% $1,170 / Sq Ft
11/15/2024 11/15/24 Pending -- -- --
10/25/2024 10/25/24 Price Changed $2,895,000 -12.0% $1,170 / Sq Ft
07/19/2024 07/19/24 Price Changed $3,290,000 -6.0% $1,329 / Sq Ft
05/13/2024 05/13/24 For Sale $3,499,000 -- $1,414 / Sq Ft
Source: Key West Association 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 $16,768 $2,478,302 $1,419,073 $1,059,229
2023 $16,768 $2,239,702 $1,216,472 $1,023,230
2022 $14,913 $1,968,069 $921,702 $1,046,367
2021 $13,424 $1,484,124 $681,712 $802,412
2020 $13,512 $1,498,810 $676,494 $822,316
2019 $13,336 $1,465,486 $705,003 $760,483
2018 $13,083 $1,406,489 $627,801 $778,688
2017 $12,629 $1,415,954 $0 $0
2016 $12,109 $1,270,761 $0 $0
2015 $11,001 $1,060,900 $0 $0
2014 $11,159 $1,064,547 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Terri Spottswood

    Seller's Agent in 2024

    Terri Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    122 in this area

    344 Total Sales

    Terri Spottswood
    Section Image
  • Team Spottswood/Vazquez

    Seller Co-Listing Agent in 2024

    Team Spottswood/Vazquez

    Truman & Co. (KW)

    (305) 395-1777

    121 in this area

    346 Total Sales

    Team Spottswood/Vazquez
    Section Image
  • The Behmke Group

    Buyer's Agent in 2024

    The Behmke Group

    Keller Williams Key West Compass Realty

    (305) 304-0998

    15 in this area

    161 Total Sales

    The Behmke Group
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 609968

Key West Association of REALTORS®

APN: 00005480-000000

Florida Monroe County Key West 33040 Old Town

408 Grinnell St, Key West, FL

This home is located at 408 Grinnell St, Key West, FL 33040 since 13 May 2024 and is currently estimated at $2,919,873, approximately $1,179 per square foot. This property was built in 2005. 408 Grinnell St is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and The Basilica School of Saint Mary Star of the Sea.

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.

Key West Association 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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