NOT LISTED FOR SALE

508 Louisa St Unit 2 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $672,000 - $885,000

2 Beds
1 Bath
500 Sq Ft
4,530 Sq Ft Lot

Last Sold October 28, 2022

Last sale price $705,000 $1,410 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $4,636/month

1 Day on Market

Highlights

  • Furnished
  • Central Air
  • 2-minute walk to Gato Village Pocket Park
  • Balcony
  • Ceiling Fan

About This Home

As of October 2022

Great opportunity to own a cute 2 bedroom 1 bath condo in the heart of old town. Located a half of a block from Duval Street with all the great fun and nice restaurants. Enjoy your morning coffee on your private porch.The unit has central A/C, washer and dryer, granite counter tops and new kitchen appliances. Don't miss out on this sweet place!Property is eligible for receivership of a transient license.

Last Agent to Sell the Property

Annica Pedersen

Key West Luxury Real Estate Inc (KW) License #682908 Listed on: 10/13/2022

Co-Listed By

Darrin Smith

Key West Luxury Real Estate Inc (KW) License #3291885

Last Buyer's Agent

Suzanne Washburn

Coldwell Banker Schmitt Real Estate Co. (KW) License #608020

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,112

Year Built

  • Built in 1933

Lot Details

  • 4,530

Home Design

  • Frame Construction

Interior Spaces

  • 500 Sq Ft Home
  • Furnished
  • Ceiling Fan

Kitchen

  • Oven
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00028910-000102

Community Details

Overview

  • Property has a Home Owners Association
  • Association fees include bldg exterior mnt, exterminating, building insurance
  • Old Town Unlisted Subdivision
  • Rental Restrictions

Pet Policy

  • Pet Restriction: YES

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,112

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 Fee: 400.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Exterminating, Building Insurance
  • Handicap Access: 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 W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3112.01
  • Year Built: 1933
  • Alternate Key Number: 9080510
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Porch Balcony: Open Porch/Balcony
  • License Info: Non Trans Rntl Lic
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 500.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Refrigerator, Oven, Microwave, Dryer
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: Cable Available, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00028910-000102
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2021

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 13, 2022
Closed on
Oct 28, 2022
Sold by
Erne Realty Inc
Bought by
Kosar Jamie
Seller's Agent
Annica Pedersen
Key West Luxury Real Estate Inc (KW)
Buyer's Agent
Suzanne Washburn
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$759,000
Sold Price
$705,000
Premium/Discount to List
-$54,000
-7.11%
Total Days on Market
1
Current Estimated Value
$750,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,252
Avg. Annual Appreciation
3.72%

Purchase Details

Listed on
Mar 18, 2022
Closed on
Apr 8, 2022
Sold by
Anthony Rizzo Revocable Trust
Bought by
Erne Realty Inc
Seller's Agent
Bernice Schafer
Real Broker LLC
Buyer's Agent
Annica Pedersen
Key West Luxury Real Estate Inc (KW)
List Price
$649,000
Sold Price
$650,000
Premium/Discount to List
$1,000
0.15%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.61%

Purchase Details

Closed on
Mar 26, 2020
Sold by
Anthony Rizzo
Bought by
Anthony Rizzo Revocable Trust

Purchase Details

Closed on
Mar 13, 2020
Sold by
Anthony Rizzo
Bought by
Anthony Rizzo Revocable Trust and Anthony Rizzo Revocable Trust

Purchase Details

Listed on
Dec 6, 2012
Closed on
Mar 15, 2013
Sold by
Irwin Joseph H and Irwin Carol D
Bought by
Rizzo Anthony
Seller's Agent
Martha Robinson
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$299,000
Sold Price
$279,000
Premium/Discount to List
-$20,000
-6.69%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.72%

Purchase Details

Closed on
May 2, 2005
Sold by
Deutsch Daniel and Deutsch Judith
Bought by
Irwin Joseph H and Irwin Carol D

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,200
Interest Rate
5.88%
Mortgage Type
Fannie Mae Freddie Mac
Source: Public Records

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Range of Values:

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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
Kosar Jamie $705,000 --
Erne Realty Inc $650,000 Oropeza Stones Cardenas Pllc
Anthony Rizzo Revocable Trust -- None Listed On Document
Anthony Rizzo Revocable Trust -- None Listed On Document
Rizzo Anthony $279,000 Attorney
Irwin Joseph H $449,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Irwin Joseph H $359,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/28/2022 10/28/22 Sold $705,000 -7.1% $1,410 / Sq Ft
10/13/2022 10/13/22 For Sale $759,000 +16.8% $1,518 / Sq Ft
04/08/2022 04/08/22 Sold $650,000 +0.2% $1,300 / Sq Ft
04/06/2022 04/06/22 Pending -- -- --
03/18/2022 03/18/22 For Sale $649,000 +132.6% $1,298 / Sq Ft
03/15/2013 03/15/13 Sold $279,000 -6.7% $621 / Sq Ft
03/14/2013 03/14/13 Pending -- -- --
12/06/2012 12/06/12 For Sale $299,000 -- $666 / 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 $5,236 $570,427 -- $570,427
2023 $5,236 $570,427 $0 $570,427
2022 $3,060 $362,718 $0 $0
2021 $3,112 $352,154 $0 $352,154
2020 $3,058 $347,292 $0 $347,292
2019 $3,010 $339,484 $339,484 $0
2018 $3,318 $339,484 $339,484 $0
2017 $3,204 $339,484 $0 $0
2016 $3,201 $339,484 $0 $0
2015 $2,764 $235,000 $0 $0
2014 $2,861 $235,000 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2022

    Annica Pedersen

    Key West Luxury Real Estate Inc (KW)

    10 in this area

    26 Total Sales

    Annica Pedersen
    Section Image
  • Bernice Schafer

    Seller's Agent in 2022

    Bernice Schafer

    Real Broker LLC

    (305) 509-0469

    25 in this area

    77 Total Sales

    Bernice Schafer
    Section Image
  • Darrin Smith

    Seller Co-Listing Agent in 2022

    Darrin Smith

    Key West Luxury Real Estate Inc (KW)

    (305) 849-8683

    22 in this area

    86 Total Sales

    Darrin Smith
    Section Image

  • S

    Buyer's Agent in 2022

    Suzanne Washburn

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (407) 839-3111

    10 in this area

    63 Total Sales

    Suzanne Washburn
    Section Image
  • Martha Robinson

    Seller's Agent in 2013

    Martha Robinson

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 294-5155

    14 Total Sales

    Martha Robinson
    Section Image
  • Vic Musmanno

    Buyer's Agent in 2013

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    15 in this area

    158 Total Sales

    Vic Musmanno
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 602746

Florida Keys Board of REALTORS®

APN: 00028910-000102

Florida Monroe County Key West 33040 Old Town

508 Louisa St Unit 2, Key West, FL

This home is located at 508 Louisa St Unit 2, Key West, FL 33040 since 13 October 2022 and is currently estimated at $750,252, approximately $1,500 per square foot. This property was built in 1933. 508 Louisa St Unit 2 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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