NOT LISTED FOR SALE

423 Olivia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,538,016 - $3,837,000

14 Beds
12 Baths
4,136 Sq Ft
$755/Sq Ft Est. Value

Last Sold January 10, 2014

Last sale price $920,000 $222 Per Sq Ft

Est. 239% increase in value since last sale

Current estimated payment $19,020/month

94 Days on Market

Highlights

  • No HOA
  • Ceiling Fan
  • Carpet
  • Central Air

About This Home

As of January 2014

Income producing property just steps from Duval street with four legal units and parking. Property is in a receiver zone for City of Key West transient licenses. Priced at a 6.5% cap rate. Units 3 and 4 are designated affordable housing. Property is listed in X flood zone. Seller is offering a 5% bonus to buyer for a closing before 12/31/13.

Last Agent to Sell the Property

Jimmy Lane

Century 21 Schwartz Realty (KW) Listed on: 09/30/2013

Last Buyer's Agent

Jimmy Lane

Prudential Knight Keyside Pro

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,930

Year Built

  • Built in 1999

Lot Details

  • 4,467

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 4,136 Sq Ft Home
  • Ceiling Fan
  • Fire and Smoke Detector

Kitchen

  • Range
  • Dishwasher
  • Disposal

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 14 Bedrooms
  • 12 Full Bathrooms

Additional Features

  • 4,467 Sq Ft Lot
  • Central Air

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,930

Year Built

Built in 1999

Lot Details

0

Listing Details

  • Property Type: Residential
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Document Count: 1
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 7930.00
  • Vehicle Storage: Off Street Parking
  • Year Built: 1999
  • Alternate Key Number: 1017604
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 4467.00
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 4136.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Smoke Alarms
  • Total Bathrooms: 12.00
  • Full Bathrooms: 12
  • Appliances: Dishwasher, Refrigerator, Range, Disposal
  • Floor: Carpet, Laminate
  • Total Bedrooms: 14

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 13, 2022
Sold by
423 Olivia Street Llc
Bought by
Seaboard Housing Llc
Total Days on Market
94
Current Estimated Value
$3,121,004

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,950,000
Outstanding Balance
$1,854,797
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$1,266,207

Purchase Details

Closed on
Sep 28, 2020
Sold by
Fernand Malouin Trust and Fernand Malouin Trust
Bought by
423 Olivia Street Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$875,000
Interest Rate
2.9%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2016
Sold by
Pugh Sheryl
Bought by
Malpouisn Fernand and Fernanad Malouin Trust

Purchase Details

Listed on
Sep 30, 2013
Closed on
Jan 10, 2014
Sold by
Conch Investors Iii Llc
Bought by
Pugh Sheryl
Seller's Agent
Jimmy Lane
Century 21 Schwartz Realty (KW)
Buyer's Agent
Jimmy Lane
Prudential Knight Keyside Pro
List Price
$1,099,000
Sold Price
$920,000
Premium/Discount to List
-$179,000
-16.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.31%

Purchase Details

Closed on
Jan 29, 2009
Sold by
Regions Bank
Bought by
Conch Investors Iii Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$585,000
Interest Rate
8%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 3, 2008
Bought by
Pugh Sheryl

Purchase Details

Closed on
Jun 23, 2008
Sold by
Allen Izette
Bought by
Regions Bank

Purchase Details

Closed on
Nov 6, 1998
Sold by
Allen Izette
Bought by
Allen Izette and Graves Bernard R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.65%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 20, 1998
Sold by
Allen Izette and Edwards Elmira S
Bought by
Allen Izette and Graves Bernard R
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
Seaboard Housing Llc $2,500,000 Sanchez & Ashby Pa
423 Olivia Street Llc $1,740,000 First International Title
Malpouisn Fernand $1,300,000 True Title Agency Inc
Pugh Sheryl $920,000 Title Champs Of Florida Llc
Conch Investors Iii Llc $650,000 Attorney
Pugh Sheryl $100 --
Regions Bank -- None Available
Regions Bank -- None Available
Allen Izette $100 --
Allen Izette $100 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Seaboard Housing Llc $1,950,000
Previous Owner 423 Olivia Street Llc $875,000
Previous Owner Conch Investors Iii Llc $585,000
Previous Owner Allen Izette $1,050,000
Previous Owner Allen Izette $275,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/10/2014 01/10/14 Sold $920,000 -16.3% $222 / Sq Ft
01/02/2014 01/02/14 Pending -- -- --
09/30/2013 09/30/13 For Sale $1,099,000 -- $266 / 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 $18,015 $2,053,256 $1,120,860 $932,396
2023 $18,015 $1,931,167 $1,030,202 $900,965
2022 $14,988 $1,701,751 $780,206 $921,545
2021 $13,989 $1,402,134 $591,565 $810,569
2020 $11,435 $1,116,120 $542,115 $574,005
2019 $11,512 $1,116,167 $529,295 $586,872
2018 $12,368 $1,190,560 $597,059 $593,501
2017 $12,623 $1,197,186 $0 $0
2016 $9,916 $902,321 $0 $0
2015 $9,163 $750,198 $0 $0
2014 $8,419 $758,594 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2014

    Jimmy Lane

    Century 21 Schwartz Realty (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 118647

Florida Keys Board of REALTORS®

APN: 00017170-000000

Florida Monroe County Key West 33040 Old Town

423 Olivia St, Key West, FL

This home is located at 423 Olivia St, Key West, FL 33040 since 30 September 2013 and is currently estimated at $3,121,004, approximately $754 per square foot. This property was built in 1999. 423 Olivia St is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and May Sands Montessori School.

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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