NOT LISTED FOR SALE

514 Elizabeth St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,035,000 - $2,801,000

3 Beds
2 Baths
1,692 Sq Ft
$1,425/Sq Ft Est. Value

Last Sold August 30, 2018

Last sale price $1,300,000 $768 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $14,268/month

168 Days on Market

Highlights

  • Heated In Ground Pool
  • Wood Flooring
  • Stainless Steel Appliances
  • Deck
  • No HOA
  • Some Wood Windows

About This Home

As of August 2018

Located in the heart of old town, this pre-Civil war era,three bedroom, two bath home is post & beam construction. It features high ceilings, wide plank wood walls and floors, a welcoming front porch and the character of old Key West. The master bedroom and bath are on the first floor with two guest bedrooms and a bath upstairs. The kitchen/dining area opens through multiple french doors to the pool and deck area. The large sunny pool and spa are surrounded by Ipe decking. Down a few steps is a garden patio where orchids hang on the blooming tropical trees. A charming pool house, currently used for storage, has an adjacent outdoor shower. This home has off street parking which is a sought after amenity in old town.Given the location, you might want to park and walk everywhere.

Last Agent to Sell the Property

Laura McChesney

Preferred Properties (KW) License #494597 Listed on: 02/10/2018

Co-Listed By

Walter Schmida

Preferred Properties (KW) License #630944

Last Buyer's Agent

Dawn Thornburgh

Beach Club Brokers (KW) License #411773

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $7,327

Year Built

  • Built in 1860

Lot Details

  • 4,468 Sq Ft Lot
  • Property is zoned HDR - High Density Residential

Parking

  • Off-Street Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,692 Sq Ft Home
  • Some Wood Windows
  • Shutters
  • French Doors
  • Wood Flooring

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Patio
  • Outdoor Storage

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00009050-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$7,327

Year Built

Built in 1860

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 7327.10
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1860
  • Alternate Key Number: 1009318
  • Cooling Heating: Central Air
  • Lot Sq Ft: 4468.00
  • Pool Info: In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Patio
  • Shutters: Bahama, Other
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1692.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Range, Stainless Steel Appliance(s), Refrigerator, Dryer
  • Floor: Combo, Wood
  • Windows/Doors: French Doors, Wood Windows, Other Windows/Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Outdoor Shower, Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00009050-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 10, 2018
Closed on
Aug 31, 2018
Sold by
Vincent Gilbert T and Vincent Elinor J
Bought by
Stepaniak Anne Martin and Stepaniak Mark Joseph
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%
Current Estimated Value
$2,410,430

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,110,430
Avg. Annual Appreciation
9.14%
Original Mortgage
$900,000
Outstanding Balance
$791,261
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,604,175

Purchase Details

Listed on
Feb 10, 2018
Closed on
Aug 30, 2018
Sold by
Vincent Gilbert T and Vincent Elinor J
Bought by
Stepaniak Anne Martin and Stepaniak Mark Joseph
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Dawn Thornburgh
Beach Club Brokers (KW)
List Price
$1,350,000
Sold Price
$1,300,000
Premium/Discount to List
-$50,000
-3.7%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$900,000
Outstanding Balance
$791,261
Interest Rate
4.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,604,175

Purchase Details

Closed on
Jul 10, 1997
Sold by
Lauray Inc
Bought by
Vincent Gilbert T and Vincent Elinor J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1994
Bought by
Vincent Gilbert T and Vincent Elinor J
Source: Public Records

Range of Values:

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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
Stepaniak Anne Martin $1,300,000 None Listed On Document
Stepaniak Anne Martin $1,300,000 None Listed On Document
Vincent Gilbert T $280,000 --
Vincent Gilbert T $145,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Stepaniak Anne Martin $900,000
Closed Stepaniak Anne Martin $900,000
Previous Owner Vincent Gilbert T $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/30/2018 08/30/18 Sold $1,300,000 -3.7% $768 / Sq Ft
07/28/2018 07/28/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $1,350,000 -- $798 / 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 $13,613 $2,042,287 $1,345,333 $696,954
2023 $13,613 $1,775,571 $1,153,260 $622,311
2022 $11,964 $1,510,471 $873,807 $636,664
2021 $11,005 $1,207,882 $646,287 $561,595
2020 $9,841 $1,078,500 $641,341 $437,159
2019 $9,557 $1,036,728 $675,964 $360,764
2018 $7,926 $859,058 $661,309 $197,749
2017 $7,646 $864,898 $0 $0
2016 $7,327 $774,719 $0 $0
2015 $6,646 $639,776 $0 $0
2014 $6,408 $607,247 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2018

    Laura McChesney

    Preferred Properties (KW)

    (305) 923-6639

    14 in this area

    49 Total Sales

    Laura McChesney
    Section Image

  • W

    Seller Co-Listing Agent in 2018

    Walter Schmida

    Preferred Properties (KW)

    (305) 292-1426

    1 Total Sale

    Walter Schmida
    Section Image
  • Dawn Thornburgh

    Buyer's Agent in 2018

    Dawn Thornburgh

    Beach Club Brokers (KW)

    (305) 304-1067

    6 in this area

    36 Total Sales

    Dawn Thornburgh
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 578730

Florida Keys Board of REALTORS®

APN: 00009050-000000

Florida Monroe County Key West 33040 Old Town

514 Elizabeth St, Key West, FL

This home is located at 514 Elizabeth St, Key West, FL 33040 since 10 February 2018 and is currently estimated at $2,410,430, approximately $1,424 per square foot. This property was built in 1860. 514 Elizabeth St is a home located in Monroe County with nearby schools including Gerald Adams Elementary 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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