$550,000
SOLD NOV 25, 2024

524 Margaret St Unit 101 Key West, FL 33040

Old Town Neighborhood
-- Bed
1 Bath
370 Sq Ft
5,445 Sq Ft Lot

Recently Sold

$1,486 Per Sq Ft

10% Above List Price

13 Days on Market

About This Home

As of March 2025

Old Town prime location! This studio has an amazing location, steps to various restaurants, the Seaport, and more!. The building has a total of 4 condos, wonderful street view, and an incredible private feeling back yard with a large pool! The condo/ building has been well taken care of, and has low monthly condo fees.

Last Agent to Sell the Property

Elaine Coyle

Keller Williams Key West Compass Realty License #704304 Listed on: 10/15/2024

Keller Williams Key West Compass Realty

Last Buyer's Agent

Joe Bracciale

Select Properties of NWFL License #3233298

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,532

Year Built

1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 600.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Handicap Access: 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: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3531.61
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 9075023
  • Building Style: Conch
  • Cooling Heating: Central Air
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Monthly
  • License Info Number Of City License: 1
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 370.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Refrigerator, Oven, Range
  • Floor: Wood

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE,0.2 PCT ANNUAL CH
  • Parcel Number: 00008170-000101
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2023

Multi Family

  • Total Units: 4.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 8, 2025
Closed on
Mar 13, 2025
Sold by
Bracciale Joseph R and Bracciale Carnella Dee
Bought by
Suarez Kenneth M and Suarez Leane T
Seller's Agent
Joe Bracciale
Select Properties of NWFL
Buyer's Agent
Joe Bracciale
Select Properties of NWFL
List Price
$599,000
Sold Price
$557,000
Premium/Discount to List
-$42,000
-7.01%
Views
79
Current Estimated Value
$555,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$1,249
Avg. Annual Appreciation
0.36%

Purchase Details

Listed on
Oct 15, 2024
Closed on
Nov 26, 2024
Sold by
Henderson Horace
Bought by
Bracciale Joseph R and Bracciale Carnella Dee
Seller's Agent
Elaine Coyle
Keller Williams Key West Compass Realty
Buyer's Agent
Joe Bracciale
Select Properties of NWFL
List Price
$499,000
Sold Price
$550,000
Premium/Discount to List
$51,000
10.22%
Views
40

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.31%
Original Mortgage
$494,450
Interest Rate
7.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 23, 2019
Sold by
524 Margaret St Llc
Bought by
Henderson Horace

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$185,000
Interest Rate
6.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
Sep 13, 2018
Closed on
Dec 11, 2018
Sold by
Weber and Joanne
Bought by
524 Margaret St Llc
Seller's Agent
Christopher Orth
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Barry Tracy
KeyIsle Realty - Florida Keys
List Price
$379,900
Sold Price
$370,000
Premium/Discount to List
-$9,900
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.29%
Original Mortgage
$0
Interest Rate
4.8%
Mortgage Type
Balloon

Purchase Details

Listed on
Sep 13, 2018
Closed on
Oct 23, 2018
Sold by
Weber and Joanne
Bought by
524 Margaret St Llc
Seller's Agent
Christopher Orth
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Barry Tracy
KeyIsle Realty - Florida Keys
List Price
$379,900
Sold Price
$370,000
Premium/Discount to List
-$9,900
-2.61%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$0
Interest Rate
4.8%
Mortgage Type
Balloon

Purchase Details

Closed on
Oct 20, 2015
Sold by
Rostron Thomas L
Bought by
Weber John and Weber Joanne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$210,000
Interest Rate
3.93%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 26, 2013
Sold by
Maggio Joseph S
Bought by
Rostron Thomas L

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
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 9, 2011
Sold by
Eskew Kathleen and Swift Linda
Bought by
Maggio Joseph S

Purchase Details

Closed on
Nov 19, 2004
Sold by
Krukowski Kenneth and Visano Steve
Bought by
Eskew Kathleen and Swift Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$324,800
Interest Rate
1.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 19, 2002
Sold by
Nancy Friday I
Bought by
Krukowski Kenneth L and Visano Steven P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$506,250
Interest Rate
6.89%
Mortgage Type
New Conventional
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $557,000 None Listed On Document
Warranty Deed $550,000 None Listed On Document
Warranty Deed $550,000 None Listed On Document
Warranty Deed $360,000 Attorney
Warranty Deed $370,000 New Title Company Name
Warranty Deed $370,000 New Title Company Name
Warranty Deed $333,000 Attorney
Warranty Deed $265,000 Attorney
Warranty Deed $168,000 Sunset Title Insurance Llc
Warranty Deed $406,000 Chicago Title Of The Fl Keys
Warranty Deed $675,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $494,450 New Conventional
Previous Owner $185,000 Adjustable Rate Mortgage/ARM
Previous Owner $0 Balloon
Previous Owner $210,000 New Conventional
Previous Owner $212,000 New Conventional
Previous Owner $324,800 New Conventional
Previous Owner $506,250 New Conventional
Closed $40,600 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/13/2025 03/13/25 Sold $557,000 -4.8% $1,505 / Sq Ft
01/17/2025 01/17/25 Price Changed $585,000 -2.3% $1,581 / Sq Ft
01/08/2025 01/08/25 For Sale $599,000 +8.9% $1,619 / Sq Ft
11/25/2024 11/25/24 Sold $550,000 +10.2% $1,486 / Sq Ft
10/28/2024 10/28/24 Pending -- -- --
10/15/2024 10/15/24 For Sale $499,000 +34.9% $1,349 / Sq Ft
10/24/2018 10/24/18 Sold $370,000 -2.6% $1,000 / Sq Ft
09/20/2018 09/20/18 Pending -- -- --
09/13/2018 09/13/18 For Sale $379,900 -- $1,027 / Sq Ft
Source: Key West Association 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 $3,532 $376,819 -- $376,819
2023 $3,532 $376,819 $0 $376,819
2022 $3,198 $342,410 $0 $342,410
2021 $3,041 $298,425 $0 $298,425
2020 $3,028 $298,425 $0 $298,425
2019 $3,088 $302,890 $0 $302,890
2018 $2,030 $220,429 $0 $0
2017 $2,016 $215,896 $0 $0
2016 $2,063 $211,456 $0 $0
2015 $2,654 $223,940 $0 $0
2014 $2,647 $214,476 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Key West Association of REALTORS®

MLS Number: 611831

Key West Association of REALTORS®

APN: 00008170-000101