NOT LISTED FOR SALE

525 Olivia St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,510,000 - $2,036,000

3 Beds
2 Baths
1,798 Sq Ft
$966/Sq Ft Est. Value

Last Sold February 28, 2019

Last sale price $925,000 $514 Per Sq Ft

Est. 88% increase in value since last sale

Current estimated payment $9,889/month

28 Days on Market

Highlights

  • Key West Architecture
  • No HOA
  • Stainless Steel Appliances

About This Home

As of February 2019

This home was built in 2016 from the ground up. Stunning home offers 3 bedrooms 2 baths with an open floor plan with almost 1800 sq ft. Off street parking and just 1/2 block off Duval street this home is a perfect location for a vacation rental or for the couple that want to enjoy living in the heart of old town.

Last Agent to Sell the Property

Louis Condos

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3207946 Listed on: 12/07/2018

Berkshire Hathaway HomeServices Knight & Gardner Realty

Co-Listed By

Mary Jo Rostien

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3207882

Last Buyer's Agent

Tom Mclaughlin

Coldwell Banker Schmitt Real Estate Co. (KW) License #SL3286320

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,542

Year Built

  • Built in 1885

Lot Details

  • 1,699

Home Design

  • 1,798 Sq Ft Home
  • Key West Architecture
  • Frame Construction

Kitchen

  • Oven
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Property is zoned HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med
  • Public Hookup Available For Sewer

Community Details

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

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,542

Year Built

Built in 1885

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • 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
  • 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: 4541.90
  • Year Built: 1885
  • Alternate Key Number: 1017167
  • Building Style: Conch, Eyebrow
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1798.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Stainless Steel Appliance(s), Refrigerator, Oven
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2017

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 7, 2018
Closed on
Mar 8, 2019
Sold by
Cerkleski Robert F
Bought by
Boyle James M and Garzarella Joanne L
Seller's Agent
Louis Condos
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Tom Mclaughlin
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Total Days on Market
28
Current Estimated Value
$1,736,252

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$811,252
Avg. Annual Appreciation
10.58%
Original Mortgage
$0
Interest Rate
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Dec 7, 2018
Closed on
Feb 28, 2019
Sold by
Cerkleski Robert F
Bought by
Boyle James M and Garzarella Joanne L
Seller's Agent
Louis Condos
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Tom Mclaughlin
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%

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
4.4%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 2, 2015
Closed on
Mar 2, 2015
Sold by
Todd Robert A and Todd Mary
Bought by
Cerkleski Robert F
Seller's Agent
Camille Toler
LoKation Real Estate
Buyer's Agent
Camille Toler
Key West Real Estate Sales (KW)
List Price
$449,000
Sold Price
$375,000
Premium/Discount to List
-$74,000
-16.48%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.32%
Original Mortgage
$75,000
Interest Rate
5%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jan 1, 1981
Bought by
Cerkleski Robert F

Purchase Details

Closed on
Feb 1, 1974
Bought by
Cerkleski Robert F
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 Buyer Sale Price Title Company
Boyle James M $925,000 None Listed On Document
Boyle James M $925,000 None Listed On Document
Cerkleski Robert F $375,000 None Available
Cerkleski Robert F $40,000 --
Cerkleski Robert F $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Boyle James M $417,500
Closed Boyle James M $322,100
Closed Boyle James M $0
Previous Owner Cerkleski Robert F $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/28/2019 02/28/19 Sold $925,000 -7.0% $514 / Sq Ft
01/04/2019 01/04/19 Pending -- -- --
12/07/2018 12/07/18 For Sale $995,000 +165.3% $553 / Sq Ft
03/02/2015 03/02/15 Sold $375,000 -16.5% $313 / Sq Ft
03/01/2015 03/01/15 Pending -- -- --
02/02/2015 02/02/15 For Sale $449,000 -- $374 / 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 $8,091 $981,723 -- --
2023 $8,091 $953,130 $0 $0
2022 $7,003 $869,800 $0 $0
2021 $6,783 $766,338 $375,603 $390,735
2020 $6,738 $763,563 $372,728 $390,835
2019 $5,657 $783,785 $392,850 $390,935
2018 $5,932 $667,725 $312,363 $355,362
2017 $5,773 $667,773 $0 $0
2016 $4,716 $359,589 $0 $0
2015 $4,456 $361,166 $0 $0
2014 $4,133 $288,679 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Louis Condos

    Seller's Agent in 2019

    Louis Condos

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 747-6268

    1 in this area

    37 Total Sales

    Louis Condos
    Section Image

  • M

    Seller Co-Listing Agent in 2019

    Mary Jo Rostien

    Berkshire Hathaway HomeServices Knight & Gardner Realty

    (305) 747-6268

    1 in this area

    28 Total Sales

    Mary Jo Rostien
    Section Image

  • T

    Buyer's Agent in 2019

    Tom Mclaughlin

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 296-7727

    11 in this area

    39 Total Sales

    Tom Mclaughlin
    Section Image
  • Camille Toler

    Seller's Agent in 2015

    Camille Toler

    LoKation Real Estate

    (305) 619-0575

    3 in this area

    14 Total Sales

    Camille Toler
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 583143

Florida Keys Board of REALTORS®

APN: 00016760-000000

Florida Monroe County Key West 33040 Old Town

525 Olivia St, Key West, FL

This home is located at 525 Olivia St, Key West, FL 33040 since 07 December 2018 and is currently estimated at $1,736,252, approximately $965 per square foot. This property was built in 1885. 525 Olivia St is a home located in Monroe County with nearby schools including Horace O'Bryant 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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