NOT LISTED FOR SALE

516 Elizabeth St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,440,000 - $1,974,000

2 Beds
2 Baths
1,411 Sq Ft
$1,209/Sq Ft Est. Value

Last Sold February 22, 2021

Last sale price $890,000 $631 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $10,341/month

370 Days on Market

Highlights

  • Beach
  • Spa
  • Wood Flooring
  • Tennis Courts
  • Deck
  • Granite Countertops

About This Home

As of February 2021

Listed on the National Register of Historic Places and awarded the Gold Star for Historic Preservations, 516 Elizabeth St. is the perfect example of a Classical Revival ''eyebrow'' home located in the X-Flood zone of Old Town, Key West and built prior to 1892. Eyebrow houses are a unique Key West architectural design consisting of a full two-story plan with the roof extending down over the second floor windows onto classic porch columns (giving these homes the moniker ''eyebrow'') affording an ample amount of shade to the second story. Greeted by a quintessential Key West porch, step inside to discover plenty of Dade County Pine, 10ft. high ceilings, original double hung wooden windows, and a large backyard perfect for lounging and entertainment.

Last Listed By

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 01/07/2020

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,491

Year Built

  • Built in 1933 | Remodeled

Lot Details

  • 1,983 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,411 Sq Ft Home
  • Ceiling Fan
  • Some Wood Windows
  • Double Hung Windows
  • Entrance Foyer
  • Wood Flooring

Kitchen

  • Oven
  • Dishwasher
  • Granite Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Spa
  • Tennis Courts
  • Balcony
  • Deck
  • Rain Gutters

Utilities

  • Central Air
  • Separate Meters
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 28
  • Assessor Parcel Number 00009040-000000

Community Details

Overview

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

Recreation

  • Beach
  • Tennis Courts
  • Bike Trail

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,491

Year Built

Built in 1933 | 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
  • 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
  • Marathon Neighborhood: N/A
  • 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: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 6490.81
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 1009300
  • Building Style: Eyebrow
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 1983.00
  • Porch Balcony: Deck, Open Porch/Balcony
  • Species List: No
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1411.00
  • Pre Wired: Cable
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Dade County Pine, Granite Counter Top, Entrance Foyer
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Refrigerator, Washer, Oven, Dryer, Disposal
  • Floor: Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Wood Windows
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Rain Gutters, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Water Separate Meter, Municipal Sewer, FKAA, Elect Separate Meter, Cable Available

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X
  • Parcel Number: 00009040-000000
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 7, 2020
Closed on
Feb 19, 2021
Sold by
Ohaire Michael and Michael Ohaire Living Trust
Bought by
Delgado Javier and Delgado Amy K
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
Ellen Gvili
Ocean Sotheby's International Realty
List Price
$1,275,000
Sold Price
$890,000
Premium/Discount to List
-$385,000
-30.2%
Total Days on Market
370
Current Estimated Value
$1,706,508

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$816,508
Avg. Annual Appreciation
18.42%
Original Mortgage
$667,500
Outstanding Balance
$606,469
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,207,008

Purchase Details

Closed on
Jan 31, 2019
Sold by
Michael O Haire and Haire Shirley S O
Bought by
Michael O Haire

Purchase Details

Closed on
Feb 1, 1994
Bought by
O'Haire Michael and O'Haire Shirley S

Purchase Details

Closed on
Apr 1, 1991
Bought by
O'Haire Michael and O'Haire Shirley S

Purchase Details

Closed on
Feb 1, 1972
Bought by
O'Haire Michael and O'Haire Shirley S

Range of Values:

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Average Value
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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
Delgado Javier $890,000 Attorney
Michael O Haire -- Attorney
O'Haire Michael $145,000 --
O'Haire Michael $110,000 --
O'Haire Michael $11,400 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Delgado Javier $667,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/22/2021 02/22/21 Sold $890,000 -10.1% $631 / Sq Ft
09/21/2020 09/21/20 Price Changed $990,000 -13.8% $702 / Sq Ft
02/13/2020 02/13/20 Price Changed $1,149,000 -9.9% $814 / Sq Ft
01/07/2020 01/07/20 For Sale $1,275,000 -- $904 / 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 $10,556 $1,632,880 $881,880 $751,000
2023 $10,556 $1,468,333 $755,974 $712,359
2022 $8,265 $893,204 $572,790 $320,414
2021 $6,870 $702,410 $423,648 $278,762
2020 $6,222 $615,863 $420,406 $195,457
2019 $6,491 $641,435 $443,101 $198,334
2018 $6,181 $594,934 $393,725 $201,209
2017 $6,087 $594,937 $0 $0
2016 $5,846 $530,063 $0 $0
2015 $5,473 $464,507 $0 $0
2014 $5,502 $448,947 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2021

    Lynn Kaufelt

    Truman & Co. (KW)

  • Team Kaufelt

    Seller Co-Listing Agent in 2021

    Team Kaufelt

    Truman & Co. (KW)

    (305) 393-1267

    98 in this area

    201 Total Sales

    Team Kaufelt
    Section Image
  • Ellen Gvili

    Buyer's Agent in 2021

    Ellen Gvili

    Ocean Sotheby's International Realty

    (305) 304-2933

    29 in this area

    113 Total Sales

    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 589000

Florida Keys Board of REALTORS®

APN: 00009040-000000

Florida Monroe County Key West 33040 Old Town

516 Elizabeth St, Key West, FL

Homes for Sale in Key West, FL

This home is located at 516 Elizabeth St, Key West, FL 33040 since 07 January 2020 and is currently estimated at $1,706,508, approximately $1,209 per square foot. This property was built in 1933. 516 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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