NOT LISTED FOR SALE

Estimated Value: $2,785,000 - $3,381,000

3 Beds
2 Baths
1,719 Sq Ft
$1,793/Sq Ft Est. Value

Last Sold March 25, 2020

Last sale price $1,874,000 $1,090 Per Sq Ft

Est. 64% increase in value since last sale

Current estimated payment $18,787/month

81 Days on Market

Highlights

  • Concrete Pool
  • Key West Architecture
  • Lanai
  • Deck
  • Wood Flooring
  • Granite Countertops

About This Home

As of March 2020

A true classic beauty in the heart of Old Town that is rich in history and has been lovingly restored & tastefully renovated. Formerly the home of Phillip Burton, stepfather to Richard Burton, this 3BR/2BA, built in 1890 has heart pine floors, Dade County Pine walls, 12-ft ceilings, granite countertops w/ stainless steel Viking appliances & a spacious charming front porch. Enjoy a master suite w/ French doors opening on to your heated tile pool. Fully fenced & lushly landscaped for complete privacy & aesthetic serenity, it has a wonderful covered outdoor entertaining area & bar. Generator, off-st parking, X flood zone & just a block away from Duval St w/ all of the fine dining and entertainment. A Key West signature property known for its original natural Cypress siding & picket fencing.

Last Agent to Sell the Property

Terri Spottswood

Truman & Co. (KW) Brokerage Phone: 305-587-3407 License #161619 Listed on: 11/07/2019

Co-Listed By

Team Spottswood/Vazquez

Truman & Co. (KW) Brokerage Phone: 305-587-3407

Last Buyer's Agent

Key West Luxury Finders

Preferred Properties (KW) License #3028945

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $12,517

Year Built

  • Built in 1890 | Remodeled

Lot Details

  • 4,118 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HDR - High Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,719 Sq Ft Home
  • 1-Story Property
  • Ceiling Fan
  • Some Wood Windows
  • Awning
  • French Doors
  • Wood Flooring

Kitchen

  • Oven
  • Range
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Deck
  • Lanai
  • Exterior Lighting
  • Outdoor Storage

Utilities

  • Central Air
  • Heat Pump System
  • Whole House Permanent Generator
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28
  • Assessor Parcel Number 00015480-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$12,517

Year Built

Built in 1890 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • 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
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 12516.89
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1890
  • Alternate Key Number: 1015857
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Heat Pump, Central Air
  • Lot Sq Ft: 4118.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1719.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Attribution Contact: 305-587-3407
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Granite Counter Top, Dade County Pine
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Disposal, Washer, Range, Stainless Steel Appliance(s), Refrigerator, Oven, Dryer
  • Floor: Wood
  • Windows/Doors: Awning Windows, Sash/Screen Window, Wood Windows, French Doors
  • Total Bedrooms: 3
  • Sq Ft Remarks: Buyer to Verify.

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Storage, Privacy Wall/Fence, Outdoor Shower, Lighting, Lanai
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: Buyer to Verify, Propane, Whole House Generatr, Municipal Sewer, FKAA, Cable Available

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00015480-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 11, 2023
Sold by
Mears Peggy A
Bought by
Peggy Anne Mears Revocable Trust
Total Days on Market
81
Current Estimated Value
$3,081,788

Purchase Details

Listed on
Nov 7, 2019
Closed on
Mar 27, 2020
Sold by
Garrett Edward S and Garrett Jean Laura
Bought by
Mears Glenn O and Mears Peggy A
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Key West Luxury Finders
Preferred Properties (KW)
List Price
$1,899,000
Sold Price
$1,874,000
Premium/Discount to List
-$25,000
-1.32%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.91%

Purchase Details

Listed on
Nov 7, 2019
Closed on
Mar 25, 2020
Sold by
Garrett Edward S and Garrett Jean Laura
Bought by
Mears Glenn O and Mears Peggy A
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Key West Luxury Finders
Preferred Properties (KW)
List Price
$1,899,000
Sold Price
$1,874,000
Premium/Discount to List
-$25,000
-1.32%

Purchase Details

Listed on
Jan 26, 2015
Closed on
Aug 14, 2015
Sold by
Fazekas Kurt J
Bought by
Garrett Edward S and Garrett Laura Jean
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Terri Spottswood
Prudential Knight Keyside Bran
List Price
$1,695,000
Sold Price
$1,550,000
Premium/Discount to List
-$145,000
-8.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.23%
Original Mortgage
$1,240,000
Interest Rate
2.87%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 26, 2015
Bought by
Garrett Edward S and Garrett Laura Jean

Purchase Details

Closed on
Dec 19, 2011
Sold by
Reid Julie A
Bought by
Fazekas Kurt J and Fazekas Daniele A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
3.62%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Mar 8, 2010
Sold by
Simon T
Bought by
Reid Julie A and The Julie A Reid Revocable Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$862,500
Interest Rate
5.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 7, 2002
Bought by
Garrett Edward S and Garrett Laura Jean

Purchase Details

Closed on
Mar 22, 2000
Sold by
Helwig Alderson R and Helwig Alan R
Bought by
Hurst Leigh and Hurst Anne H

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Interest Rate
8.37%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1974
Bought by
Garrett Edward S and Garrett Laura Jean
Source: Public Records

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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
Peggy Anne Mears Revocable Trust -- --
Mears Glenn O $1,874,000 None Listed On Document
Mears Glenn O $1,874,000 None Listed On Document
Garrett Edward S $1,550,000 Attorney
Garrett Edward S $100 --
Fazekas Kurt J $1,340,000 None Available
Reid Julie A $1,225,000 Attorney
Garrett Edward S $743,700 --
Hurst Leigh $660,000 --
Garrett Edward S $15,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Garrett Edward S $1,240,000
Previous Owner Fazekas Kurt J $999,999
Previous Owner Reid Julie A $862,500
Previous Owner Hurst Leigh $900,000
Previous Owner Hurst Leigh $252,000
Previous Owner Hurst Leigh $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/25/2020 03/25/20 Sold $1,874,000 -1.3% $1,090 / Sq Ft
01/27/2020 01/27/20 Pending -- -- --
11/07/2019 11/07/19 For Sale $1,899,000 +22.5% $1,105 / Sq Ft
08/28/2015 08/28/15 Sold $1,550,000 -8.6% $902 / Sq Ft
07/03/2015 07/03/15 Pending -- -- --
01/26/2015 01/26/15 For Sale $1,695,000 -- $986 / 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 $18,440 $2,672,238 $1,309,581 $1,362,657
2023 $18,440 $2,561,644 $1,259,213 $1,302,431
2022 $15,675 $2,005,620 $805,896 $1,199,724
2021 $14,403 $1,595,855 $528,030 $1,067,825
2020 $14,026 $1,557,632 $1,139,434 $418,198
2019 $13,488 $1,482,682 $1,195,331 $287,351
2018 $12,927 $1,389,192 $1,094,675 $294,517
2017 $13,189 $1,393,131 $0 $0
2016 $13,672 $1,365,104 $0 $0
2015 $10,567 $1,017,349 $0 $0
2014 $10,748 $1,011,502 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 588118

Florida Keys Board of REALTORS®

APN: 00015480-000000