NOT LISTED FOR SALE

508 Louisa St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $408,000 - $568,000

1 Bed
1 Bath
219 Sq Ft
4,356 Sq Ft Lot

Last Sold November 30, 2015

Last sale price $220,000 $1,005 Per Sq Ft

Est. 124% increase in value since last sale

Current estimated payment $2,741/month

79 Days on Market

Highlights

  • No HOA
  • Stainless Steel Appliances
  • 2-minute walk to Gato Village Pocket Park

About This Home

As of November 2015

What a little Gem! Move in ready just feet off of Duval. Granite counter tops, stainless steel appliances, washer & Dryer, built in Murphy bed and all this on the first floor unit. $200.00 a month covers the exterior building maintenance and building insurance. Condo is deed restricted key West Workforce Housing. Buyer must live and work in Monroe County for at least 1 year, and max income for 1 person is 57,900. This unit has a $45,000 0 interest, 0 payment SHIP second mortgage that can be passed to qualified buyer, lowing the monthly payments.

Last Agent to Sell the Property

Stephen Pointer

Century 21 Schwartz Realty (KW) Listed on: 08/17/2015

Last Buyer's Agent

Stephen Pointer

Century 21 Circle - Key West License #3027971

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $1,241

Year Built

  • Built in 1933

Lot Details

  • 4,356

Home Design

  • 219 Sq Ft Home
  • Frame Construction

Kitchen

  • Oven
  • Range
  • Microwave
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Additional Features

  • Ground Level
  • Separate Meters

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • No Home Owners Association
  • Association fees include bldg exterior mnt, building insurance
  • Old Town Unlisted Subdivision
  • The community has rules related to deed restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$1,241

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 200.00
  • Mandatory HOA: No
  • Fee Includes: Bldg Exterior Mnt, Building Insurance
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-S of Truman
  • Limited Representation: No
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Other Terms
  • Side: Median
  • State Province: FL
  • Taxes: 1241.00
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 9080506
  • Building Style: Ground Level
  • Lot Sq Ft: 4520.00
  • Tax Exemptions: Homestead
  • Estimated Living Sq Ft: 219.00
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave
  • Total Bedrooms: 1

Exterior Features

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

Utilities

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

Lot Info

  • Deed Restrictions: Yes
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2015
Closed on
Nov 30, 2015
Sold by
Janice Clarissa and Thornewell Janice C
Bought by
Grimm David
Seller's Agent
Stephen Pointer
Century 21 Schwartz Realty (KW)
Buyer's Agent
Stephen Pointer
Century 21 Schwartz Realty (KW)
List Price
$249,000
Sold Price
$220,000
Premium/Discount to List
-$29,000
-11.65%
Current Estimated Value
$492,254

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$272,254
Avg. Annual Appreciation
8.33%
Original Mortgage
$45,000
Outstanding Balance
$24,672
Interest Rate
3.16%
Estimated Equity
$467,582

Purchase Details

Listed on
Dec 17, 2012
Closed on
Apr 22, 2013
Sold by
Doucette Paul H
Bought by
Clarissa Janice
Seller's Agent
Deborah Batty
Location 3 Real Estate of KW Inc (KW)
Buyer's Agent
Melva Wagner
Century 21 Prestige Realty Gro
List Price
$179,000
Sold Price
$165,000
Premium/Discount to List
-$14,000
-7.82%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.65%
Original Mortgage
$118,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 14, 2005
Sold by
Deutsch Daniel and Deutsch Judith
Bought by
Doucette Paul H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$115,900
Interest Rate
5.71%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Grimm David $220,000 Attorney
Clarissa Janice $165,000 None Available
Doucette Paul H $160,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Grimm David $45,000
Open Grimm David $175,000
Previous Owner Clarissa Janice $118,000
Previous Owner Doucette Paul H $115,900
Closed Doucette Paul H $45,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
11/30/2015 11/30/15 Sold $220,000 -11.6% $1,005 / Sq Ft
11/04/2015 11/04/15 Pending -- -- --
08/17/2015 08/17/15 For Sale $249,000 +50.9% $1,137 / Sq Ft
04/22/2013 04/22/13 Sold $165,000 -7.8% $753 / Sq Ft View Prior Sale
04/12/2013 04/12/13 Pending -- -- --
12/17/2012 12/17/12 For Sale $179,000 -- $817 / 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
2025 $1,865 $215,688 -- --
2024 $1,823 $209,610 -- --
2023 $1,823 $203,505 $0 $0
2022 $1,739 $197,578 $0 $0
2021 $1,752 $191,824 $0 $191,824
2020 $1,721 $189,176 $0 $189,176
2019 $1,691 $184,923 $184,923 $0
2018 $1,710 $184,923 $184,923 $0
2017 $1,732 $184,923 $0 $0
2016 $1,805 $184,923 $0 $0
2015 $1,212 $120,428 $0 $0
2014 $1,241 $120,428 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • S

    Seller's Agent in 2015

    Stephen Pointer

    Century 21 Schwartz Realty (KW)

  • D

    Seller's Agent in 2013

    Deborah Batty

    Location 3 Real Estate of KW Inc (KW)

    (305) 509-1958

    1 in this area

    22 Total Sales

    Deborah Batty
    Section Image
  • Joyce Unke

    Seller Co-Listing Agent in 2013

    Joyce Unke

    Location 3 Real Estate of KW Inc (KW)

    (305) 797-1478

    Joyce Unke
    Section Image

  • M

    Buyer's Agent in 2013

    Melva Wagner

    Century 21 Prestige Realty Gro

  • Melva Borley

    Buyer's Agent in 2013

    Melva Borley

    Sunshine State Realty Service

    (305) 797-4324

    3 in this area

    76 Total Sales

    Melva Borley
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 121995

Florida Keys Board of REALTORS®

APN: 00028910-000101

Florida Monroe County Key West 33040 Old Town

508 Louisa St Unit 1, Key West, FL

Not Listed for Sale

Condos

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