NOT LISTED FOR SALE

506 Catherine St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,128,000 - $3,417,000

4 Beds
4 Baths
1,456 Sq Ft
$1,702/Sq Ft Est. Value

Last Sold February 25, 2021

Last sale price $2,000,000 $1,374 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $15,366/month

Highlights

  • Detached Guest House
  • Furnished
  • No HOA
  • Concrete Pool
  • Granite Countertops
  • 3-minute walk to Gato Village Pocket Park

About This Home

As of February 2021

This successful Old Town Key West transient licensed vacation rental is located just steps off Duval Street! It's in the Gallery District of South Duval. Close to Key West shopping, restaurants and nightlife! This 4 bedroom property has 2 bedrooms and 2 baths in the main house. The great room, kitchen, bathrooms. large covered lanai and private salt water, heated pool are newly constructed. There are 2 guest suites, one poolside and one upstairs with private balcony, each with their own bathroom. This arrangement is perfect for traveling with friends or family., There is room for 8 people to comfortably dine outside. A covered outdoor living space with large sofa, chairs & lounges are perfect for entertaining. Off street parking completes this highly desirable investment property.

Last Agent to Sell the Property

Brenda Donnelly

Brenda Donnelly Real Estate LLC License #3037635 Listed on: 02/25/2021

Last Buyer's Agent

Shad Knapp

Beach Club Brokers (KW) License #3328438

Beach Club Brokers (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,789

Year Built

  • Built in 1938

Lot Details

  • 3,456 Sq Ft Lot
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Off-Street Parking

Home Design

  • Metal Roof

Interior Spaces

  • 1,456 Sq Ft Home
  • Furnished
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Saltwater Pool
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Patio

Additional Homes

  • Detached Guest House

Utilities

  • Central Air
  • Ductless Heating Or Cooling System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Assessor Parcel Number 00028500-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,789

Year Built

Built in 1938

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
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Side: Median
  • State Province: FL
  • Taxes: 7789.30
  • Vehicle Storage: Off Street Parking
  • Year Built: 1938
  • Alternate Key Number: 1029297
  • Cooling Heating: Central Air, Ductless
  • Lot Sq Ft: 3456.00
  • Pool Info: Concrete, Salt Water, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1456.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Granite Counter Top, Smoke Alarms
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Oven, Washer, Refrigerator, Microwave, Freezer, Dryer, Disposal
  • Floor: Tile
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Combo Construction
  • Exterior Features: Detached Guest Qtrs, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00028500-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.08

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 25, 2021
Closed on
Feb 24, 2021
Sold by
Hukweem Llc
Bought by
Mele Michael A
Seller's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
Buyer's Agent
Shad Knapp
Beach Club Brokers (KW)
List Price
$1,995,000
Sold Price
$2,000,000
Premium/Discount to List
$5,000
0.25%
Total Days on Market
0
Current Estimated Value
$2,478,269

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$478,269
Avg. Annual Appreciation
5.15%
Original Mortgage
$1,500,000
Outstanding Balance
$1,361,803
Interest Rate
2.5%
Mortgage Type
New Conventional
Estimated Equity
$1,117,253

Purchase Details

Closed on
Apr 23, 2012
Sold by
Boyer Brian K
Bought by
Hukweem Llc

Purchase Details

Closed on
Nov 10, 2010
Bought by
Hukweem Llc

Purchase Details

Closed on
Aug 24, 2010
Bought by
Hukweem Llc

Purchase Details

Closed on
Apr 13, 1998
Sold by
Salinero Idilio M and Salinero Martha I
Bought by
Salinero Idilio M and Birn Jeffrey

Purchase Details

Closed on
Apr 1, 1998
Bought by
Hukweem Llc
Source: Public Records

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

Purchase History

Date Buyer Sale Price Title Company
Mele Michael A $2,000,000 Attorney
Hukweem Llc -- Attorney
Hukweem Llc -- None Available
Hukweem Llc -- None Available
Hukweem Llc $100 --
Hukweem Llc $420,500 --
Salinero Idilio M $158,000 --
Hukweem Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mele Michael A $1,500,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2021 02/25/21 Sold $2,000,000 +0.3% $1,374 / Sq Ft
02/25/2021 02/25/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $1,995,000 -- $1,370 / 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 $17,465 $1,985,509 $1,131,564 $853,945
2023 $17,465 $1,862,922 $1,040,040 $822,882
2022 $15,599 $1,619,459 $787,657 $831,802
2021 $7,666 $631,222 $325,426 $305,796
2020 $7,685 $638,598 $339,085 $299,513
2019 $7,789 $646,373 $343,094 $303,279
2018 $7,570 $612,481 $302,124 $310,357
2017 $7,704 $616,249 $0 $0
2016 $9,135 $835,683 $0 $0
2015 $5,427 $464,346 $0 $0
2014 $4,958 $356,339 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Brenda Donnelly

    Seller's Agent in 2021

    Brenda Donnelly

    Brenda Donnelly Real Estate LLC

    (305) 304-1116

    72 in this area

    174 Total Sales

    Brenda Donnelly
    Section Image

  • S

    Buyer's Agent in 2021

    Shad Knapp

    Beach Club Brokers (KW)

    (603) 715-4698

    10 in this area

    28 Total Sales

    Shad Knapp
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594864

Florida Keys Board of REALTORS®

APN: 00028500-000000

Florida Monroe County Key West 33040 Old Town

506 Catherine St, Key West, FL

This home is located at 506 Catherine St, Key West, FL 33040 since 25 February 2021 and is currently estimated at $2,478,269, approximately $1,702 per square foot. This property was built in 1938. 506 Catherine 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.

Nearby Homes