516 Catherine St Key West, FL 33040
Old Town NeighborhoodEstimated Value: $2,363,000 - $2,878,000
2
Beds
2
Baths
1,201
Sq Ft
$2,175/Sq Ft
Est. Value
Highlights
- Heated In Ground Pool
- No HOA
- Patio
- Furnished
- Shutters
- 3-minute walk to Gato Village Pocket Park
About This Home
As of December 2021TRANSIENT! TRANSIENT! TRANSIENT! TRANSIENT! LOCATION! LOCATION! LOCATION! LOCATION! In Old Town Key West. Key West has always been a great place to come and enjoy your vacation time, why not make this your next great investment. You can enjoy this amazing property while you are here and just rent it out when you are not. You can come and go as you please and make money while you are away. An extremely well taken care of property, with great attention to detail, makes this an easy property to just take over and reap the benefits. Two bedrooms (2), Two (2) Full Bathrooms, one (1) large office and great salt water pool with outdoor shower makes this historic one thousand two hundred one (1201) square foot home just perfect for you and your guest to sit back and enjoy. Also, don't forget you get to rent it out when you are not there. Very private for you and your guest, but just a short walk to all that Key West has to offer. This Key West investment strikes all your boxes.New roof has been done within the last couple of years, fresh paint inside and out. Old Key West Charmer is what this home really is. Beautifully landscaped for your tropical oasis. One (1) off street parking is very important with only being a half of a block from Duval Street. Location is just perfect, on the lower end of Duval area, so you can walk to everything. Just far enough away to have some peace and zen.Don't wait!! This is the one you have been looking for. Please contact for showing times, we are not showing while guests are appreciating their vacations.
Last Agent to Sell the Property
Bobby Coe IV
Coastal Collection Real Estate Inc. License #3428120 Listed on: 07/10/2021
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $7,536
Year Built
- Built in 1938 | Remodeled
Lot Details
- 3,213 Sq Ft Lot
- Property is zoned HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
Home Design
- Frame Construction
- Metal Roof
Interior Spaces
- 1,201 Sq Ft Home
- Furnished
- Ceiling Fan
- Shutters
- Tile Flooring
- Dryer
Kitchen
- Oven
- Dishwasher
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Full Bathrooms
Parking
- 1 Parking Space
- Off-Street Parking
Pool
- Heated In Ground Pool
- Outdoor Shower
Utilities
- Central Air
- Public Hookup Available For Sewer
Additional Features
- Accessible Parking
- Patio
Community Details
- No Home Owners Association
- Old Town Unrecord Subdivision
Listing and Financial Details
- Homestead Exemption
- Assessor Parcel Number 00028600-000000
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 8, 2023
Sold by
Pag Properties Llc
Bought by
516 Catherine Llc
Total Days on Market
73
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,755,000
Outstanding Balance
$1,550,927
Interest Rate
6.9%
Mortgage Type
New Conventional
Estimated Equity
$1,061,530
Purchase Details
Listed on
Jul 10, 2021
Closed on
Dec 18, 2021
Sold by
Two Crazies Venture Llc
Bought by
Pag Properties Llc
Seller's Agent
Bobby Coe IV
Coastal Collection Real Estate Inc.
Buyer's Agent
Christopher Santry
Last Key Realty, Inc (KW)
List Price
$2,450,000
Sold Price
$2,300,000
Premium/Discount to List
-$150,000
-6.12%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.74%
Original Mortgage
$1,000,000
Interest Rate
3.05%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 25, 2014
Sold by
Hottmann James A and Winter Kevin M
Bought by
Two Crazies Venture Llc
Purchase Details
Closed on
Nov 30, 2011
Sold by
Mathys Stephen and Mathys Nancy
Bought by
Hottman James A and Winter Kevin M
Purchase Details
Closed on
Nov 30, 2001
Sold by
Julia Gonzalez I
Bought by
Mathys Stephen and Mathys Nancy
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$212,000
Interest Rate
6.59%
Mortgage Type
New Conventional
Purchase Details
Closed on
Feb 1, 1973
Bought by
Two Crazies Venture Llc
Similar Homes in Key West, FL
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| 516 Catherine Llc | $2,700,000 | None Listed On Document | |
| Pag Properties Llc | $2,300,000 | Oropeza Stones Cardenas Pllc | |
| Two Crazies Venture Llc | -- | None Available | |
| Two Crazies Venture Llc | -- | None Available | |
| Hottman James A | $575,000 | Attorney | |
| Hottman James A | -- | Attorney | |
| Mathys Stephen | $265,000 | -- | |
| Two Crazies Venture Llc | $8,200 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | 516 Catherine Llc | $1,755,000 | |
| Previous Owner | Pag Properties Llc | $1,000,000 | |
| Previous Owner | Pag Properties Llc | $790,000 | |
| Previous Owner | Two Crazies Venture Llc | $300,000 | |
| Previous Owner | Mathys Stephen | $212,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 12/15/2021 12/15/21 | Sold | $2,300,000 | -6.1% | $1,915 / Sq Ft |
| 09/21/2021 09/21/21 | Pending | -- | -- | -- |
| 07/10/2021 07/10/21 | For Sale | $2,450,000 | -- | $2,040 / Sq Ft |
Source: Florida Keys Board of REALTORS®
Tax History Compared to Growth
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 | $17,703 | $2,158,643 | $1,310,904 | $847,739 |
| 2023 | $17,703 | $2,111,159 | $1,123,747 | $987,412 |
| 2022 | $15,713 | $1,849,845 | $851,445 | $998,400 |
| 2021 | $7,632 | $822,684 | $629,748 | $192,936 |
| 2020 | $7,536 | $814,566 | $624,929 | $189,637 |
| 2019 | $7,809 | $838,379 | $658,665 | $179,714 |
| 2018 | $7,301 | $764,823 | $579,947 | $184,876 |
| 2017 | $7,304 | $767,645 | $0 | $0 |
| 2016 | $7,086 | $709,798 | $0 | $0 |
| 2015 | $6,538 | $613,371 | $0 | $0 |
| 2014 | $4,918 | $474,173 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
B
Seller's Agent in 2021
Bobby Coe IV
Coastal Collection Real Estate Inc.
-
Christopher Santry
Buyer's Agent in 2021
Christopher Santry
Last Key Realty, Inc (KW)
(305) 304-1933
9 in this area
39 Total Sales
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 596836
APN: 00028600-000000
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