NOT LISTED FOR SALE

Estimated Value: $1,084,000 - $3,507,000

5 Beds
3 Baths
2,772 Sq Ft
$828/Sq Ft Est. Value

Last Sold October 18, 2016

Last sale price $1,275,000 $460 Per Sq Ft

Est. 80% increase in value since last sale

Current estimated payment $14,468/month

271 Days on Market

Highlights

  • Detached Guest House
  • Key West Architecture
  • No HOA
  • 0.19 Acre Lot
  • Wood Flooring
  • Some Wood Windows

About This Home

As of October 2016

Rare offering of large lot in Old Town with two single family homes, located right across the street from the world-famous Hemingway House. Main house is a large three bedroom two bath concrete block structure and the other is a wooden Conch House. For generations, the family occupied the main property as a homestead and rented out the smaller house for income. With kitchen and bath updates, along with central air and some light remodeling the main house could be stunning again. The property is on the corner of Olivia and Shavers Lane with ample parking for both houses. Located on the X Zone map, too. Come see for yourself the unlimited possibilities. You are welcome. Square footage includes both houses. Please note all Contracts must be presented to Monroe County Probate Court for approva

Last Agent to Sell the Property

Everett Watkins

Preferred Properties (KW) Listed on: 01/21/2016

Co-Listed By

James Saner

Preferred Properties (KW)

Last Buyer's Agent

Barbara Bowers

Berkshire Hathaway HomeServices Knight & Gardner Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $7,529

Year Built

  • Built in 1934

Lot Details

  • 8,486 Sq Ft Lot
  • Privacy Fence
  • Fenced

Home Design

  • Duplex
  • Key West Architecture
  • Frame Construction

Interior Spaces

  • 2,772 Sq Ft Home
  • Some Wood Windows
  • Jalousie or louvered window
  • Sliding Doors

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Carport

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Additional Features

  • Outdoor Storage
  • Detached Guest House
  • Ground Level

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$7,529

Year Built

Built in 1934

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 7529.00
  • Title: Negotiable
  • Vehicle Storage: Carport, Garage
  • Vehicle Storage Cars: 4+
  • Year Built: 1934
  • Alternate Key Number: 1017639
  • Building Style: Conch, Other Bldg Style, Ground Level
  • Cooling Heating: Central Air, Wall/Window Unit(s)
  • Lot Sq Ft: 8486.00
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 2772.00
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dryer, Washer, Refrigerator
  • Floor: Tile, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Jalousie Windows, Wood Windows, Sliding Glass Doors
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: CBS, Frame
  • Exterior Features: Detached Guest Qtrs, Storage, Fencing, Privacy Wall/Fence
  • Roof: Combo Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.19

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2015

Similar Homes in Key West, FL

  • 708 William St, Key West, FL 33040

    $2,495,000

    • 4 Beds
    • 4 Baths
    • 1,967 Sq Ft
    • 708 William St
    • Key West, FL

    If you are looking for location and a historic home, this triplex is tucked away on one of Old Town Key West's most peaceful lanes. This charming Conch home won the distinguished Historic Florida Keys Preservation Star in 1988 and has been in the same family for over 40 years--a true testament to its warmth, character, and enduring appeal.The main house features generously sized rooms, high

    Ellen Gvili Ocean Sotheby's International Realty

    Section Image
  • 1022 Fleming St, Key West, FL 33040

    $2,150,000

    • 4 Beds
    • 2 Baths
    • 2,016 Sq Ft
    • 1022 Fleming St
    • Key West, FL

    Invest in Key West with this legal Duplex! Step into a piece of Key West history with this fully renovated, light-filled historic home in the heart of Old Town. Blending old-world charm with modern updates, this property offers easy living and generates income. Whether you're looking for a smart investment, a vacation getaway, or a new primary residence, this property is ready for you. Live in

    Ellen Gvili Ocean Sotheby's International Realty

    Section Image
  • 506 Frances St, Key West, FL 33040

    $2,300,000

    • 6 Beds
    • 4 Baths
    • 2,671 Sq Ft
    • 506 Frances St
    • Key West, FL

    Nestled on one of the most coveted blocks in Key West, this exceptional property in the Historic District is brimming with character and untapped potential. Currently configured as four distinct apartments - (A) 2BR/1BA, (B) 2BR/2BA, (C) Studio/1BA, and (D) 1BR/1BA - totaling 2,671 sq. ft., each unit features its own private outdoor space, a well-appointed kitchen, ample storage, and high

    Team Kaufelt Truman & Co. (KW)

    Section Image
  • 1115 Fleming St, Key West, FL 33040

    $2,175,000

    • 4 Beds
    • 2 Baths
    • 1,760 Sq Ft
    • 1115 Fleming St
    • Key West, FL

    This home has not been sold in over 100 years! The property sits on the corner of world famous Millionaire Row and one of the last not to be renovated. Do not buy someone else's overpriced flip. Bring your imagination, contractor and bring this home back to its original beauty. The lot is almost 5000 SF and runs from Fleming St. to Stickeny Lane, where there is ample off-street parking. The 1890

    Derek Epperly Keys Atlantic Realty

    Section Image
  • 1030 James St, Key West, FL 33040

    $1,750,000

    • 3 Beds
    • 3 Baths
    • 1,700 Sq Ft
    • 1030 James St
    • Key West, FL

    Nestled on a sunny corner in Old Town Key West, this charming legal duplex blends timeless island style with modern updates. The beautifully updated downstairs unit offers 2 spacious bedrooms and 2 bathrooms, featuring bright, airy living spaces with the perfect mix of Dad County Pine and crisp finishes throughout. Upstairs, a cozy 1-bedroom, 1-bath apartment provides additional income potential

    Will Langley Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • 1626 Sirugo Ave, Key West, FL 33040

    $2,294,700

    • 5 Beds
    • 3 Baths
    • 2,560 Sq Ft
    • 1626 Sirugo Ave
    • Key West, FL

    This Key West resort-style home sounds like an absolute dream! It combines the perfect blend of luxury, functionality, and tropical charm. With almost 2,800 sq ft of living space, 5 bedrooms, and 3 baths, it's designed for both comfort and elegance. The fact that it's just steps from White Street Pier and the beach makes it an ideal location for those who love coastal living. Some standout

    Derek Epperly Keys Atlantic Realty

    Section Image
  • 1417 Ashby St, Key West, FL 33040

    $1,900,000

    • 4 Beds
    • 4 Baths
    • 2,157 Sq Ft
    • 1417 Ashby St
    • Key West, FL

    This historic 4 unit property was at one time a single family home and could be converted back to same. Currently configured as 3 apartments in the main building, you'll find treasured Dade County Pine and hardwood floors throughout. In the downstairs apartment comprising the entire first floor there is Hansen & Bringle cabinetry, central A/C and it's own washer/dryer. Upstairs are 2 studio

    Suzanne Washburn Coldwell Banker Schmitt Real Estate Co. (KW)

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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

Source: Public Records

Average Home Value in this Area





Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Jones Kimberley L $395,789
Closed Partrick Matthew S $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/18/2016 10/18/16 Sold $1,275,000 -14.9% $460 / Sq Ft
10/18/2016 10/18/16 Pending -- -- --
01/21/2016 01/21/16 For Sale $1,498,000 -- $540 / 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 $18,997 $2,310,184 -- --
2023 $18,997 $2,242,898 $0 $0
2022 $14,989 $1,950,784 $1,084,511 $866,273
2021 $13,402 $1,432,772 $822,293 $610,479
2020 $12,828 $1,372,229 $753,557 $618,672
2019 $12,205 $1,289,711 $735,736 $553,975
2018 $12,350 $1,373,967 $829,931 $544,036
2017 $10,679 $1,074,686 $0 $0
2016 $8,558 $1,073,417 $0 $0
2015 $7,529 $827,578 $0 $0
2014 $6,638 $609,207 $0 $0
Source: Public Records

Agents Affiliated with this Home

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122726

Florida Keys Board of REALTORS®

APN: 00017200-000000