NOT LISTED FOR SALE

51 Coral Way Key West, FL 33040

Estimated Value: $848,000 - $1,216,000

3 Beds
2.5 Baths
1,420 Sq Ft
$701/Sq Ft Est. Value

Last Sold October 11, 2018

Last sale price $555,000 $391 Per Sq Ft

Est. 79% increase in value since last sale

Current estimated payment $6,152/month

157 Days on Market

Highlights

  • Clubhouse
  • Cathedral Ceiling
  • Stainless Steel Appliances
  • Deck
  • Community Pool
  • Balcony

About This Home

As of October 2018

Stand alone home in sought after Coral Hammock community in Key West. Fully renovated, this 3 bedroom/3 bathroom house is move-in ready for resort living at its best with such amenities as the clubhouse and pool area or take advantage of the successful vacation rentals in this secure, gated community.Some Owner/Partners are FL Licensed Real Estate Agents.

Last Agent to Sell the Property

Ralph Sanchez

Century 21 All Keys Inc (KW) License #639260 Listed on: 04/23/2018

Century 21 All Keys Inc (KW)

Last Buyer's Agent

Louis Condos

Home Edge Inc. (KW)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $2,263

Year Built

  • Built in 2004

Lot Details

  • 1,151 Sq Ft Lot

HOA Fees

  • $415 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 1,420 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • French Doors

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Flooring

  • Laminate
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Electric Gate
  • Off-Street Parking
  • Assigned Parking

Outdoor Features

  • Balcony
  • Deck
  • Patio

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00124100-000126

Community Details

Overview

  • Association fees include cable, common area mnt
  • Maloney Sub Subdivision
  • The community has rules related to deed restrictions
  • Rental Restrictions

Amenities

  • Clubhouse

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction: YES

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$2,263

Year Built

Built in 2004

Lot Details

0

HOA Fees

$415 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: No
  • Association Fee: 415.00
  • Mandatory HOA: Yes
  • Fee Includes: Cable, Other, Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Stock Island
  • Limited Representation: No
  • Mile Marker: 5.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Clubhouse, Community Pool
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 2263.11
  • Vehicle Storage: Assigned Parking, Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 2004
  • Alternate Key Number: 9082040
  • Building Style: Townhouse
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 1151.25
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1420.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Laminate, Tile
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame, Hardi Board Siding
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Security: Electric Gate, Other
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Yes
  • Flood Zone: AE
  • Parcel Number: 00124100-000126
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2018
Closed on
Oct 12, 2018
Sold by
Stiag Coral Hammock Llc
Bought by
Coral Hammock Rentals 51-56 Ll
Seller's Agent
Ralph Sanchez
Century 21 All Keys Inc (KW)
Buyer's Agent
Louis Condos
Home Edge Inc. (KW)
List Price
$650,000
Sold Price
$555,000
Premium/Discount to List
-$95,000
-14.62%
Current Estimated Value
$994,968

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$439,968
Avg. Annual Appreciation
8.68%

Purchase Details

Closed on
May 24, 2005
Sold by
Coral Hammock Llc
Bought by
Stiag Coral Hammock Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$562,000
Interest Rate
5.69%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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Average Value
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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
Coral Hammock Rentals 51-56 Ll $555,000 None Listed On Document
Stiag Coral Hammock Llc $700,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Stiag Coral Hammock Llc $562,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/11/2018 10/11/18 Sold $555,000 -14.6% $391 / Sq Ft
09/27/2018 09/27/18 Pending -- -- --
04/23/2018 04/23/18 For Sale $650,000 -- $458 / 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 $5,544 $706,320 $383,597 $322,723
2023 $5,544 $708,451 $401,930 $306,521
2022 $4,787 $541,071 $231,286 $309,785
2021 $4,524 $450,695 $200,824 $249,871
2020 $4,640 $459,196 $203,645 $255,551
2019 $4,880 $483,490 $222,260 $261,230
2018 $4,885 $483,861 $194,055 $289,806
2017 $4,375 $421,512 $0 $0
2016 $4,144 $385,256 $0 $0
2015 $4,013 $357,178 $0 $0
2014 $3,993 $339,615 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2018

    Ralph Sanchez

    Century 21 All Keys Inc (KW)

    (305) 395-0383

    13 Total Sales

    Ralph Sanchez
    Section Image

  • L

    Buyer's Agent in 2018

    Louis Condos

    Home Edge Inc. (KW)

  • P

    Buyer Co-Listing Agent in 2018

    Peter Batty

    SBX Commercial Real Estate LLC

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 579868

Florida Keys Board of REALTORS®

APN: 00124100-000126

Florida Monroe County Key West 33040

51 Coral Way, Key West, FL

This home is located at 51 Coral Way, Key West, FL 33040 since 23 April 2018 and is currently estimated at $994,968, approximately $700 per square foot. This property was built in 2004. 51 Coral Way is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and The College Of The Florida Keys Academy.

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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