NOT LISTED FOR SALE

514 Margaret St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,979,391 - $2,597,000

5 Beds
3.5 Baths
2,068 Sq Ft
$1,076/Sq Ft Est. Value

Last Sold March 31, 2015

Last sale price $895,000 $433 Per Sq Ft

Est. 149% increase in value since last sale

Current estimated payment $12,710/month

208 Days on Market

Highlights

  • Cathedral Ceiling
  • No HOA
  • Patio
  • Wood Flooring
  • Some Wood Windows
  • 4-minute walk to Dry Tortugas National Park

About This Home

As of March 2015

Prime Old Town location. This triplex was once an eyebrow, located on the 1889 Sanborn map, and can be restored (there is evidence of Dade pine) and renovated into a jewel or, keep the three units rented and collect a nice income. The house sits on a good sized lot (4608 SF) in the historic district and is within walking distance to the seaport, and all of the restaurants and galleries Key West has to offer. Fully rented, we need 24 hours to show the property.

Last Agent to Sell the Property

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 07/24/2014

Last Buyer's Agent

Louis Condos

Home Edge Inc. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,867

Year Built

  • Built in 1933

Lot Details

  • 4,608 Sq Ft Lot
  • Privacy Fence
  • Property is zoned HHDR - Historic High Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,068 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • French Doors
  • Oven

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan

Outdoor Features

  • Patio

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,867

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Document Count: 1
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 5867.00
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 1008478
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 4608.00
  • Porch Balcony: Patio
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2068.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Split Bedroom, Dade County Pine
  • Total Bathrooms: 3.10
  • Full Bathrooms: 3
  • Appliances: Oven, Refrigerator
  • Floor: Carpet, Wood, Tile
  • Half Bathrooms: 1
  • Windows/Doors: French Doors, Wood Windows
  • Appliances Other: YES
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Privacy Wall/Fence
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2014
Closed on
Mar 31, 2015
Sold by
Margaret Street Llc
Bought by
514 Margaret Street Llc
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
Louis Condos
Home Edge Inc. (KW)
List Price
$895,000
Sold Price
$895,000
Current Estimated Value
$2,225,098

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,330,098
Avg. Annual Appreciation
8.51%

Purchase Details

Closed on
May 5, 2003
Sold by
Seide Paul A and Seide Bonita A
Bought by
Margaret Street Llc

Purchase Details

Closed on
Dec 1, 1987
Bought by
514 Margaret Street Llc

Purchase Details

Closed on
Jan 1, 1979
Bought by
514 Margaret Street Llc
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
514 Margaret Street Llc $895,000 None Available
Margaret Street Llc $715,000 Keys Title & Abstract Co
514 Margaret Street Llc $165,000 --
514 Margaret Street Llc $90,000 --
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2015 03/31/15 Sold $895,000 0.0% $433 / Sq Ft
02/17/2015 02/17/15 Pending -- -- --
07/24/2014 07/24/14 For Sale $895,000 -- $433 / 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 $11,510 $1,560,211 $1,128,038 $432,173
2023 $11,510 $1,461,940 $1,036,800 $425,140
2022 $9,845 $1,125,296 $785,203 $340,093
2021 $9,064 $888,562 $595,354 $293,208
2020 $8,659 $846,651 $545,587 $301,064
2019 $8,674 $841,604 $532,685 $308,919
2018 $9,635 $932,754 $608,394 $324,360
2017 $9,272 $876,605 $0 $0
2016 $9,316 $832,985 $0 $0
2015 $6,799 $656,187 $0 $0
2014 -- $503,796 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Kaufelt

    Seller's Agent in 2015

    Lynn Kaufelt

    Truman & Co. (KW)

    (305) 923-4276

    9 in this area

    18 Total Sales

    Lynn Kaufelt
    Section Image

  • L

    Buyer's Agent in 2015

    Louis Condos

    Home Edge Inc. (KW)

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 120129

Florida Keys Board of REALTORS®

APN: 00008210-000000

Florida Monroe County Key West 33040 Old Town

514 Margaret St, Key West, FL

This home is located at 514 Margaret St, Key West, FL 33040 since 24 July 2014 and is currently estimated at $2,225,098, approximately $1,075 per square foot. This property was built in 1933. 514 Margaret 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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