NOT LISTED FOR SALE

515 Margaret St Unit REAR Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,108,000 - $1,427,000

2 Beds
1.5 Baths
1,206 Sq Ft
$1,095/Sq Ft Est. Value

Last Sold November 30, 2018

Last sale price $900,000 $746 Per Sq Ft

Est. 47% increase in value since last sale

Current estimated payment $7,718/month

117 Days on Market

Highlights

  • Beach
  • Deck
  • Cathedral Ceiling
  • Tennis Courts
  • Key West Architecture
  • Wood Flooring

About This Home

As of November 2018

Perfectly placed conch cottage at the end of a bricked walking path on one of the best blocks in Old Town. With 2 bedrooms and 1.5 bathrooms, this home offers complete privacy and is within walking distance to everything Key West has to offer. The oversized great room features custom lighting that highlights the large windows and beautiful cathedral ceilings. Open the French doors to the outdoor patio consisting of Ipe decking and Chicago red Brick perfect for entertaining and the potential to build a cocktail pool. The master bedroom and en suite bathroom are downstairs and there is a charming guest bedroom on the second floor. Lovely Dade County Pine floors throughout and custom cabinets and fixtures make this home truly special.

Last Agent to Sell the Property

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 06/21/2018

Co-Listed By

Jackson Kaufelt

Truman & Co. (KW) License #3378637

Last Buyer's Agent

John Spottswood

Truman & Co. (KW) License #3264225

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,706

Year Built

  • Built in 1912 | Remodeled

Lot Details

  • 2,351 Sq Ft Lot
  • Fenced
  • Property is zoned HDR - High Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,206 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Window Treatments
  • French Doors
  • Loft
  • Storage
  • Wood Flooring
  • Home Security System

Kitchen

  • Oven
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Stainless Steel Appliances
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Outdoor Shower
  • Tennis Courts
  • Balcony
  • Deck
  • Exterior Lighting
  • Rain Gutters

Utilities

  • Central Air
  • Separate Meters
  • Propane
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00007960-000100

Community Details

Overview

  • No Home Owners Association
  • Old Town Unlisted Subdivision
  • Rental Restrictions

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,706

Year Built

Built in 1912 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 2
  • 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
  • Neighborhood Feature: Beach, Tennis Courts, Bike Paths
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 6706.13
  • Title: Negotiable
  • Year Built: 1912
  • Alternate Key Number: 8689217
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 2351.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 1206.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Security System, Window Treatments, Storage, Dade County Pine, Cathedral Ceilings
  • Total Bathrooms: 1.10
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Refrigerator, Washer, Stainless Steel Appliance(s), Oven, Microwave, Freezer, Ice Machine, Gas Appliances, Dryer, Disposal
  • Floor: Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Loft
  • Windows/Doors: French Doors, Wood Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Rain Gutters, Outdoor Shower, Lighting
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Security: On Premises System
  • Utilities: Buyer to Verify, Other - See Remarks, Propane, Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00007960-000100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2017

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 21, 2018
Closed on
Dec 12, 2018
Sold by
Miller Claudia
Bought by
Robinson Shelley Sapone
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
John Spottswood
Truman & Co. (KW)
List Price
$1,038,000
Sold Price
$900,000
Premium/Discount to List
-$138,000
-13.29%
Current Estimated Value
$1,320,326

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$420,326
Avg. Annual Appreciation
5.80%
Original Mortgage
$450,000
Outstanding Balance
$398,001
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$922,325

Purchase Details

Listed on
Jun 21, 2018
Closed on
Nov 30, 2018
Sold by
Miller Claudia
Bought by
Sharpe Robert F and Sharpe Maria Renna
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
John Spottswood
Truman & Co. (KW)
List Price
$1,038,000
Sold Price
$900,000
Premium/Discount to List
-$138,000
-13.29%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Outstanding Balance
$398,001
Interest Rate
4.8%
Mortgage Type
New Conventional
Estimated Equity
$922,325

Purchase Details

Closed on
Feb 4, 2008
Sold by
Miller Claudia
Bought by
Stillpoint Meadows Kw Ii Llc

Purchase Details

Closed on
May 4, 2007
Sold by
Malouin Fernand E
Bought by
Miller Claudia

Purchase Details

Closed on
May 1, 2006
Bought by
Stillpoint Meadows Kw 11 Llc

Purchase Details

Closed on
Apr 1, 1992
Bought by
Stillpoint Meadows Kw 11 Llc

Purchase Details

Closed on
Jan 1, 1986
Bought by
Stillpoint Meadows Kw 11 Llc
Source: Public Records

Range of Values:

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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
Robinson Shelley Sapone $670,000 Attorney
Sharpe Robert F $5,900,000 Attorney
Stillpoint Meadows Kw Ii Llc -- Attorney
Miller Claudia $662,500 None Available
Stillpoint Meadows Kw 11 Llc $480,000 --
Stillpoint Meadows Kw 11 Llc $130,000 --
Stillpoint Meadows Kw 11 Llc $70,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Robinson Shelley Sapone $450,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/30/2018 11/30/18 Sold $900,000 -13.3% $746 / Sq Ft
10/16/2018 10/16/18 Pending -- -- --
06/21/2018 06/21/18 For Sale $1,038,000 -- $861 / 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 $8,946 $1,296,139 $867,017 $429,122
2023 $8,946 $1,150,334 $743,234 $407,100
2022 $7,864 $974,857 $563,136 $411,721
2021 $7,243 $778,314 $416,508 $361,806
2020 $7,227 $779,174 $413,321 $365,853
2019 $7,519 $805,534 $435,634 $369,900
2018 $6,443 $669,512 $382,344 $287,168
2017 $7,116 $731,079 $0 $0
2016 $7,488 $797,380 $0 $0
2015 $6,810 $664,287 $0 $0
2014 $6,675 $660,604 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Lynn Kaufelt

    Seller's Agent in 2018

    Lynn Kaufelt

    Truman & Co. (KW)

    (305) 923-4276

    9 in this area

    18 Total Sales

    Lynn Kaufelt
    Section Image

  • J

    Seller Co-Listing Agent in 2018

    Jackson Kaufelt

    Truman & Co. (KW)

    (305) 393-1267

    16 in this area

    29 Total Sales

    Jackson Kaufelt
    Section Image
  • John Spottswood

    Buyer's Agent in 2018

    John Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    115 in this area

    334 Total Sales

    John Spottswood
    Section Image
  • Terri Spottswood

    Buyer Co-Listing Agent in 2018

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    117 in this area

    333 Total Sales

    Terri Spottswood
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 580689

Florida Keys Board of REALTORS®

APN: 00007960-000100

Florida Monroe County Key West 33040 Old Town

515 Margaret St Unit REAR, Key West, FL

This home is located at 515 Margaret St Unit REAR, Key West, FL 33040 since 21 June 2018 and is currently estimated at $1,320,326, approximately $1,094 per square foot. This property was built in 1912. 515 Margaret St Unit REAR is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and Somerset Island Prep.

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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