Seller's Agent in 2023
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
(305) 767-3667
32 Total Sales
591 8th St Key Colony Beach, FL 33051
Estimated Value: $924,000 - $1,173,000
3
Beds
2
Baths
1,456
Sq Ft
$698/Sq Ft
Est. Value
About This Home
As of July 2023PRICED TO SELL WITH AN ASSUMABLE FLOOD INSURANCE PREMIUM OF ONLY $1,119!!! This is your ideal island getaway, fish camp or vacation rental investment property. Currently operating as an active vacation rental with a Cabana Club membership, this unit offers 3 bedrooms, 2 full baths, a bonus living space to utilize as you see fit, an updated kitchen with granite counters & breakfast bar, as well as a 37.5-foot step-down composite dock, fish cleaning station and ice machine. The open ocean or gulf is only a 5-minute boat ride away. The open kitchen and living area overlooks the canal with large impact sliders leading out the patio area which is perfect for outdoor entertaining or grilling up your fresh catch of the day. The master suite includes a private access with an updated bathroom and sliding barn doors. Situated in Key Colony Beach where a myriad of activities and amenities await, all within walking distance: full-service marina, restaurants, park, post office, golf, tennis, basketball, bocce ball, pickle ball or horseshoe.
Last Agent to Sell the Property
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3496069 Listed on: 04/13/2023
Last Buyer's Agent
Berkshire Hathaway HomeServices Knight & Gardner Realty License #3496069 Listed on: 04/13/2023
Property Details
Home Type
Multi-Family
Est. Annual Taxes
$7,613
Year Built
1974
Lot Details
0
Listing Details
- Property Type: Residential
- Style: Half Duplex
- As Is Right To Inspect: Yes
- First Right of Refusal: No
- Mandatory HOA: No
- Control Depth: 4
- Dockage Dock: Composite
- Dockage Dock Length: 37
- Dockage Seawall: Concrete
- Fee Includes: None
- Key Island: Key Colony
- Limited Representation: No
- Marathon Neighborhood: Marathon East - Gulf (Airport to Vaca)
- Mile Marker: 53.50
- Min Rental Days: 7.00
- M L S Identifier: 20060123165453488875000000
- Neighborhood Feature: Tennis Courts, Bike Paths, Beach
- Off Shore Island: No
- Pets: Pets Allowed
- Property Group I D: 19990816212109142258000000
- Sale Terms: Conventional
- Side: Ocean
- State Province: FL
- Taxes: 6876.00
- Title: Title Ins - Buyer
- Vehicle Storage: Off Street Parking, RV Parking Open, Trailer Storage
- Year Built: 1974
- Alternate Key Number: 8917155
- Building Style: Ground Level
- Cooling Heating: Central Air, Ceiling Fans(s)
- Lot Sq Ft: 4125.00
- Porch Balcony: Patio
- Species List: Yes
- Tax Exemptions: None
- Building Style Above Flood: Yes
- Estimated Living Sq Ft: 1456.00
- Pre Wired: Cable
- Property Condition: Updated/Remodeled
- Sewer Hook Up: Yes
- Statistical Purposes Only: No
- Special Features: None
- Property Sub Type: MultiFamily
Interior Features
- Interior Amenities: Granite Counter Top, Smoke Alarms
- Total Bathrooms: 2.00
- Full Bathrooms: 2
- Appliances: Washer, Oven, Range, Refrigerator, Dishwasher, Dryer
- Floor: Tile
- Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
- Total Bedrooms: 3
Exterior Features
- Waterfront: Canal Front
- Waterfront: Yes
- Construction: CBS
- Roof: Tar/Gravel Roof
- Waterview: Canal View
- Pool: No
Utilities
- Security: Patrolled Area
- Utilities: FKAA, Cable Available, Buyer to Verify, Community Swr Plant
Lot Info
- Deed Restrictions: Unknown
- Flood Zone: AE
- Land Size: Less Than 1/4 Acre
- Acres: 0.09
Rental Info
- Rentals Allowed: Yes
- Furnished: Furnished
Tax Info
- Tax Year: 2022
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 13, 2023
Closed on
Jul 31, 2023
Sold by
Silber Fuchs Llc
Bought by
Wyatt John and Wyatt Nicole
Seller's Agent
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$925,000
Sold Price
$885,000
Premium/Discount to List
-$40,000
-4.32%
Views
77
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$131,940
Avg. Annual Appreciation
6.88%
Original Mortgage
$8,708,000
Outstanding Balance
$8,523,312
Interest Rate
6.96%
Mortgage Type
New Conventional
Estimated Equity
-$7,506,372
Purchase Details
Listed on
Aug 19, 2021
Closed on
Sep 27, 2021
Sold by
Sparks Jeffrey and Sparks Kristy
Bought by
Silber Fuchs Llc
Seller's Agent
Claire Johnson
Coastal Realty of the Florida Keys
Buyer's Agent
Jessica Celli
Berkshire Hathaway HomeServices Knight & Gardner Realty
List Price
$795,000
Sold Price
$785,000
Premium/Discount to List
-$10,000
-1.26%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.85%
Purchase Details
Listed on
May 6, 2020
Closed on
Sep 15, 2020
Sold by
Maria Prieto and Maria Zoe
Bought by
Sparks Jeffrey and Sparks Kristy
Seller's Agent
Barbara Mckee
Coldwell Banker Schmitt RE Co.
Buyer's Agent
Claire Johnson
Exit Realty Florida Keys TAV
List Price
$579,000
Sold Price
$540,000
Premium/Discount to List
-$39,000
-6.74%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
42.80%
Original Mortgage
$432,000
Interest Rate
2.8%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jul 12, 2001
Sold by
Gregory L Eriksen M and Sylvia L Eriksen M
Bought by
Lindeberg Gregory J Trust
Purchase Details
Closed on
Dec 1, 1997
Sold by
E Victoria Cook Tr
Bought by
Prieto Rolando and Prieto Zoe M
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$118,400
Interest Rate
7.35%
Mortgage Type
New Conventional
Purchase Details
Closed on
Oct 1, 1997
Bought by
Prieto Rolando and Prieto Zoe Maria
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Wyatt John | $885,000 | None Listed On Document | |
| Silber Fuchs Llc | $785,000 | Attorney | |
| Sparks Jeffrey | $540,000 | Cunningham Miller Rhyne Pa | |
| Lindeberg Gregory J Trust | $260,000 | -- | |
| Prieto Rolando | $148,000 | -- | |
| Prieto Rolando | $148,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Wyatt John | $8,708,000 | |
| Previous Owner | Silber Fuchs Llc | $636,000 | |
| Previous Owner | Sparks Jeffrey | $432,000 | |
| Previous Owner | Prieto Rolando | $118,400 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/31/2023 07/31/23 | Sold | $885,000 | -4.3% | $608 / Sq Ft |
| 04/13/2023 04/13/23 | For Sale | $925,000 | +17.8% | $635 / Sq Ft |
| 10/07/2021 10/07/21 | Sold | $785,000 | -1.3% | $539 / Sq Ft |
| 09/20/2021 09/20/21 | Pending | -- | -- | -- |
| 08/19/2021 08/19/21 | For Sale | $795,000 | +47.2% | $546 / Sq Ft |
| 09/18/2020 09/18/20 | Sold | $540,000 | -6.7% | $371 / Sq Ft |
| 07/24/2020 07/24/20 | Pending | -- | -- | -- |
| 05/06/2020 05/06/20 | For Sale | $579,000 | -- | $398 / Sq Ft |
Source: Key West Association of REALTORS®
Tax History Compared to Growth
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 | $7,613 | $746,990 | $478,500 | $268,490 |
| 2023 | $7,613 | $744,547 | $474,375 | $270,172 |
| 2022 | $6,876 | $666,966 | $379,500 | $287,466 |
| 2021 | $5,032 | $455,689 | $260,906 | $194,783 |
| 2020 | $5,047 | $474,282 | $247,500 | $226,782 |
| 2019 | $5,100 | $479,601 | $247,500 | $232,101 |
| 2018 | $4,904 | $478,864 | $247,500 | $231,364 |
| 2017 | $4,836 | $484,142 | $0 | $0 |
| 2016 | $4,707 | $459,889 | $0 | $0 |
| 2015 | $4,295 | $403,879 | $0 | $0 |
| 2014 | $4,077 | $375,774 | $0 | $0 |
Source: Public Records
Agents Affiliated with this Home
-
Jessica Celli
-
Karen Raspe, PA
Seller Co-Listing Agent in 2023
Karen Raspe, PA
Ocean Sotheby's International
(305) 393-9010
220 Total Sales
-
Tracy Chacksfield
T
Buyer Co-Listing Agent in 2023
Tracy Chacksfield
Berkshire Hathaway HomeServices Keys Real Estate
(312) 350-4601
69 Total Sales
-
Claire Johnson
Seller's Agent in 2021
Claire Johnson
Coastal Realty of the Florida Keys
(305) 731-4602
136 Total Sales
-
B
Seller's Agent in 2020
Barbara Mckee
Coldwell Banker Schmitt RE Co.
Map
Source: Key West Association of REALTORS®
MLS Number: 604938
APN: 00075030-000100
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