NOT LISTED FOR SALE

524 Olivia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,183,560 - $1,526,000

3 Beds
3 Baths
1,800 Sq Ft
$781/Sq Ft Est. Value

Last Sold April 11, 2022

Last sale price $1,175,000 $653 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $8,197/month

39 Days on Market

Highlights

  • Key West Architecture
  • Wood Flooring
  • Workshop
  • Cathedral Ceiling
  • No HOA
  • Some Wood Windows

About This Home

As of April 2022

Dynamite location in heart of Downtown Key West; between Duval and Simonton streets. Income was $5000 per month until December, when leases expired, and some maintenance undertaken. First floor apartment has newly built primary bedroom, 2 bathrooms plus loft. Full of old-island funk and charm; Dade County pine walls, vaulted ceiling in great room with 4 working sky windows, loft with built-in storage under bed, custom-made kitchen cabinetry, stained-glass windows throughout. Second floor apartment is 2b/1b.. X-flood zone. Off-street parking for 1 vehicle. Outdoor shower. 2 laundry units. On-demand hot water heater. Three-bay front porch rebuilt in 2019. Covered outdoor storage. and more.

Last Agent to Sell the Property

Barbara Bowers

Berkshire Hathaway HomeServices Knight & Gardner Realty Listed on: 12/20/2021

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,779

Year Built

  • Built in 1943

Lot Details

  • 2,940 Sq Ft Lot

Home Design

  • Duplex
  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,800 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Skylights
  • Some Wood Windows
  • Jalousie or louvered window
  • French Doors
  • Workshop

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Outdoor Features

  • Outdoor Shower
  • Outdoor Storage

Utilities

  • Ductless Heating Or Cooling System
  • Cooling System Mounted To A Wall/Window
  • Well
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00017520-000000

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,779

Year Built

Built in 1943

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4778.54
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1943
  • Alternate Key Number: 1017990
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Ductless
  • Lot Sq Ft: 2940.00
  • License Info Number Of County License: 2
  • Shutters: Other
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1800.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Sky Light(s), Dade County Pine, Cathedral Ceilings
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Oven, Refrigerator, Range, Microwave, Gas Appliances, Dryer, Disposal
  • Floor: Combo, Wood, Tile
  • Specialty Rooms: Laundry Room, Workshop
  • Windows/Doors: French Doors, Wood Windows, Jalousie Windows
  • Total Bedrooms: 3
  • Sq Ft Remarks: Primary bedroom suite newly built in 2020

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Outdoor Shower, Storage
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Buyer to Verify, Well, FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00017520-000000
  • Lot Size: 2940
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2021

Multi Family

  • Total Units: 2.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 20, 2021
Closed on
Apr 11, 2022
Sold by
Elliott Ness Steven
Bought by
Frazier Chad
Seller's Agent
Barbara Bowers
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Creative Technology
List Price
$1,300,000
Sold Price
$1,175,000
Premium/Discount to List
-$125,000
-9.62%
Current Estimated Value
$1,405,890

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$230,890
Avg. Annual Appreciation
4.86%
Original Mortgage
$1,057,500
Outstanding Balance
$994,957
Interest Rate
4.72%
Mortgage Type
New Conventional
Estimated Equity
$410,933

Purchase Details

Closed on
Nov 1, 1979
Bought by
Ness Steven Elliott
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Frazier Chad $1,175,000 Oropeza Stones Cardenas Pllc
Ness Steven Elliott $51,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Frazier Chad $1,057,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/11/2022 04/11/22 Sold $1,175,000 -6.0% $653 / Sq Ft
01/19/2022 01/19/22 Price Changed $1,250,000 -3.8% $694 / Sq Ft
12/20/2021 12/20/21 For Sale $1,300,000 -- $722 / 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
2025 $11,016 $1,267,873 $908,636 $359,237
2024 $10,835 $1,262,714 $908,636 $354,078
2023 $10,835 $1,184,126 $835,144 $348,982
2022 $4,987 $592,093 $0 $0
2021 $4,779 $505,642 $0 $0
2020 $3,865 $412,665 $0 $0
2019 $3,739 $406,075 $0 $0
2018 $3,743 $428,047 $0 $0
2017 $3,668 $424,800 $0 $0
2016 $3,628 $400,936 $0 $0
2015 $3,384 $329,962 $0 $0
2014 $3,224 $283,092 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • B

    Seller's Agent in 2022

    Barbara Bowers

    Berkshire Hathaway HomeServices Knight & Gardner Realty

  • o

    Buyer's Agent in 2022

    outside of mls

    Outside Of MLS

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 598880

Florida Keys Board of REALTORS®

APN: 00017520-000000

Florida Monroe County Key West 33040 Old Town

524 Olivia St, Key West, FL

Not Listed for Sale

MultiFamily

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