NOT LISTED FOR SALE

556 Porter Ln Key West, FL 33040

Truman Annex Neighborhood

Estimated Value: $1,247,504 - $1,483,000

2 Beds
1.5 Baths
960 Sq Ft
$1,461/Sq Ft Est. Value

Last Sold May 12, 2020

Last sale price $872,000 $908 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $8,385/month

7 Days on Market

Highlights

  • Wood Flooring
  • Community Pool
  • Patio
  • Furnished
  • Bar
  • 4-minute walk to Truman Waterfront Park

About This Home

As of May 2020

Exceptional Opportunity to Purchase a TURNKEY Vacation Home in the Exclusive Truman Annex. This 2 bedroom, 1.5 bathroom townhome offers an open living area, full kitchen, private outdoor patio and a breezy balcony off the Master bedroom. Includes access to the Presidents Walk Community Pool and a designated covered carport. Move into the exceptionally maintained Truman Annex gem of your dreams, or walk right into ownership of a fully operational vacation home.As a vacation rental branded ''Eden @ The Annex,'' this home has a rental clientele with over 50 5 star reviews online, and grossed income in excess of $67,000 in 2019 (at the max 25 wks/year of HOA w/ special transient license)Notes: Full bath has been renovated since photos, interior painted, and tented Jan 2020

Last Agent to Sell the Property

Alexis O'Donnell

eXp Realty LLC License #3422826 Listed on: 03/05/2020

eXp Realty LLC

Co-Listed By

Rodney Culiver

Last Key Realty, Inc (KW) License #SL3426316

Last Buyer's Agent

Brenda Donnelly

Brenda Donnelly Real Estate LLC License #3037635

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $6,160

Year Built

  • Built in 1994

Lot Details

  • 901

HOA Fees

  • $308 Monthly HOA Fees

Home Design

  • Metal Roof
  • HardiePlank Siding

Interior Spaces

  • 960 Sq Ft Home
  • Furnished
  • Bar
  • Blinds
  • French Doors

Kitchen

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

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Dryer
  • Washer

Home Security

Parking

  • 1 Parking Space
  • Carport
  • Assigned Parking

Utilities

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

Additional Features

  • Patio
  • 901 Sq Ft Lot

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00010120-013041

Community Details

Overview

  • Association fees include bldg exterior mnt, security, common area mnt
  • Presidents Lane Subdivision

Recreation

  • Community Pool

Pet Policy

  • Pet Restriction: YES

Security

  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$6,160

Year Built

Built in 1994

Lot Details

0

HOA Fees

$308 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 925.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Security, Common Area Mnt
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Community Pool
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Ocean
  • State Province: FL
  • Taxes: 6160.29
  • Title: Negotiable
  • Vehicle Storage: Assigned Parking, Covered Parking, Carport
  • Vehicle Storage Cars: 1
  • Year Built: 1994
  • Alternate Key Number: 8850611
  • Building Style: Townhouse
  • Cooling Heating: Central Air
  • Lot Sq Ft: 901.00
  • Porch Balcony: Patio
  • Association Maintenance Fee Per: Quarterly
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 960.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 2

Interior Features

  • Interior Amenities: Bar, Window Treatments, Smoke Alarms, Drapes/Blinds Incl, Built-in Cabinets
  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Washer, Refrigerator, Range, Oven, Microwave, Dryer
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Windows/Doors: French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Hardi Board Siding
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00010120-013041
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.02

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Multi Family

  • Total Units: 1.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 5, 2020
Closed on
May 14, 2020
Sold by
Ronit Schlein
Bought by
Ferrari David J and Ferrari Tracy A
Seller's Agent
Alexis O'Donnell
eXp Realty LLC
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$895,000
Sold Price
$872,000
Premium/Discount to List
-$23,000
-2.57%
Current Estimated Value
$1,402,876

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$530,876
Avg. Annual Appreciation
9.30%
Original Mortgage
$654,000
Outstanding Balance
$582,065
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$824,785

Purchase Details

Listed on
Mar 5, 2020
Closed on
May 11, 2020
Sold by
Ronit Schlein
Bought by
Ferrari David J and Ferrari Tracy A
Seller's Agent
Alexis O'Donnell
eXp Realty LLC
Buyer's Agent
Brenda Donnelly
Brenda Donnelly Real Estate LLC
List Price
$895,000
Sold Price
$872,000
Premium/Discount to List
-$23,000
-2.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$654,000
Outstanding Balance
$582,065
Interest Rate
3.3%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$824,785

Purchase Details

Closed on
Feb 24, 2011
Sold by
Schlein Deborah and Schlein Dov C
Bought by
Schlein Ronit

Purchase Details

Closed on
Aug 10, 2009
Sold by
Blackmon Janet C
Bought by
Schlein Deborah and Schlein Dov C

Purchase Details

Closed on
Sep 1, 1995
Sold by
Johnston Ann E
Bought by
Julian Percy L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$157,300
Interest Rate
7.76%

Purchase Details

Closed on
Dec 1, 1994
Bought by
Schlein Ronit
Source: Public Records

Range of Values:

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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
Ferrari David J $872,000 First International Title
Ferrari David J $872,000 First International Title
Schlein Ronit -- Attorney
Schlein Deborah $450,000 Chicago Title Of The Florida
Julian Percy L $209,900 --
Schlein Ronit -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ferrari David J $654,000
Closed Ferrari David J $654,000
Previous Owner Julian Percy L $157,300
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/12/2020 05/12/20 Sold $872,000 -2.6% $908 / Sq Ft
03/12/2020 03/12/20 Pending -- -- --
03/05/2020 03/05/20 For Sale $895,000 -- $932 / 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 $8,032 $1,055,391 $744,947 $310,444
2023 $8,032 $1,017,049 $723,935 $293,114
2022 $7,282 $934,891 $638,719 $296,172
2021 $6,546 $698,623 $477,890 $220,733
2020 $6,326 $675,958 $450,320 $225,638
2019 $6,160 $686,405 $485,243 $201,162
2018 $5,883 $665,577 $459,510 $206,067
2017 $5,702 $674,276 $0 $0
2016 $5,584 $639,148 $0 $0
2015 $5,003 $512,220 $0 $0
2014 $4,814 $482,142 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Alexis O'Donnell

    eXp Realty LLC

    (757) 408-6997

    2 in this area

    14 Total Sales

    Alexis O'Donnell
    Section Image
  • Rodney Culiver

    Seller Co-Listing Agent in 2020

    Rodney Culiver

    Last Key Realty, Inc (KW)

    (305) 292-6266

    5 in this area

    57 Total Sales

    Rodney Culiver
    Section Image
  • Brenda Donnelly

    Buyer's Agent in 2020

    Brenda Donnelly

    Brenda Donnelly Real Estate LLC

    (305) 304-1116

    1 in this area

    172 Total Sales

    Brenda Donnelly
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 590120

Florida Keys Board of REALTORS®

APN: 00010120-013041

Florida Monroe County Key West 33040 Truman Annex

556 Porter Ln, Key West, FL

This home is located at 556 Porter Ln, Key West, FL 33040 since 05 March 2020 and is currently estimated at $1,402,876, approximately $1,461 per square foot. This property was built in 1994. 556 Porter Ln 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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