NOT LISTED FOR SALE

611 Margaret St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,070,000 - $1,767,000

3 Beds
2.5 Baths
1,320 Sq Ft
$1,066/Sq Ft Est. Value

Last Sold October 17, 2013

Last sale price $700,000 $530 Per Sq Ft

Est. 101% increase in value since last sale

Current estimated payment $8,618/month

98 Days on Market

Highlights

  • Detached Guest House
  • Key West Architecture
  • Wood Flooring
  • Concrete Pool
  • Cathedral Ceiling
  • Loft

About This Home

As of October 2013

Quintessential Conch Cottage in a very convenient Old Town neighborhood. The 1.5 story main house has a bedroom suite upstairs with a half bath and balcony overlooking the backyard. The downstairs consists of a one bedroom suite with full bath, rear additions for the eat in kitchen and living room. French doors lead out to the private deck, covered dining porch, outdoor shower and a detached one-bedroom one bath cottage. Truly the perfect Old Town retreat.

Last Agent to Sell the Property

Everett Watkins

Preferred Properties (KW) Listed on: 07/03/2013

Last Buyer's Agent

Steven Schwartz

Seaport Realtors (KW) License #695479

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,274

Year Built

  • Built in 1935

Lot Details

  • 2,044 Sq Ft Lot
  • Fenced
  • Property is zoned HHDR - Historic High Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,320 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Double Hung Windows
  • French Doors
  • Loft
  • Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Pool

  • Concrete Pool
  • Outdoor Shower

Outdoor Features

  • Outdoor Storage
  • Rain Gutters

Additional Features

  • Detached Guest House
  • Central Air

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,274

Year Built

Built in 1935

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Selling Info: Steve, Thanks. Another Home Run!
  • Side: Median
  • State Province: FL
  • Taxes: 3274.00
  • Title: Negotiable
  • Year Built: 1935
  • Alternate Key Number: 1011584
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 2044.00
  • Pool Info: Concrete
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1320.00
  • Pool Info Other: Dip/Cocktail;
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Dade County Pine
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dryer, Washer, Range, Refrigerator
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room, Loft
  • Windows/Doors: Double Hung Windows, Wood Windows, French Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Storage, Fencing, Rain Gutters, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: No Security
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2013
Closed on
Oct 17, 2013
Sold by
Murray Paige Mackey
Bought by
Bascom Richard N and Richard N Bascom Revocable Trust
Seller's Agent
Everett Watkins
Preferred Properties (KW)
Buyer's Agent
Steven Schwartz
Seaport Realtors (KW)
List Price
$795,000
Sold Price
$700,000
Premium/Discount to List
-$95,000
-11.95%
Total Days on Market
98
Current Estimated Value
$1,406,781

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$706,781
Avg. Annual Appreciation
6.79%

Purchase Details

Closed on
Dec 5, 2007
Sold by
Hall Geraldine Alexander
Bought by
Mackey Paige L and Susan D Leake Revocable Trust

Purchase Details

Closed on
Nov 1, 2007
Sold by
Rosen Donna
Bought by
Mackey Paige L and Susan D Leake Revocable Trust

Purchase Details

Closed on
Oct 20, 2007
Sold by
Leake Lawrence Christopher
Bought by
Mackey Paige L and Susan D Leake Revocable Trust

Purchase Details

Closed on
Oct 3, 2007
Sold by
Leake Frederick
Bought by
Mackey Paige L and Susan D Leake Revocable Trust

Purchase Details

Closed on
Sep 18, 2007
Sold by
Mackey Paige L
Bought by
Mackey Paige L and Susan D Leake Revocable Trust

Purchase Details

Closed on
May 17, 2002
Sold by
David M Maxfield I
Bought by
Leake Susan D Trust

Purchase Details

Closed on
May 17, 1996
Sold by
Gundolfi Judy M
Bought by
Maxfield David M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
7.74%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 1, 1991
Bought by
Bascom Richard N Revocable Trust 2008

Purchase Details

Closed on
Nov 1, 1987
Bought by
Bascom Richard N Revocable Trust 2008

Purchase Details

Closed on
Mar 1, 1985
Bought by
Bascom Richard N Revocable Trust 2008

Purchase Details

Closed on
Sep 1, 1978
Bought by
Bascom Richard N Revocable Trust 2008
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
Bascom Richard N $700,000 Attorney
Mackey Paige L -- Attorney
Mackey Paige L -- Attorney
Mackey Paige L -- Attorney
Mackey Paige L -- Attorney
Mackey Paige L -- Attorney
Leake Susan D Trust $480,000 --
Maxfield David M $250,000 --
Gundolfi Judy M $100 --
Bascom Richard N Revocable Trust 2008 $100,000 --
Bascom Richard N Revocable Trust 2008 $165,000 --
Bascom Richard N Revocable Trust 2008 $60,000 --
Bascom Richard N Revocable Trust 2008 $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Gundolfi Judy M $50,000
Previous Owner Gundolfi Judy M $200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/17/2013 10/17/13 Sold $700,000 -11.9% $530 / Sq Ft
10/09/2013 10/09/13 Pending -- -- --
07/03/2013 07/03/13 For Sale $795,000 -- $602 / 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 $8,652 $1,327,281 $853,170 $474,111
2023 $8,652 $1,275,924 $820,356 $455,568
2022 $7,055 $897,012 $525,028 $371,984
2021 $6,373 $678,910 $344,002 $334,908
2020 $6,151 $655,932 $312,829 $343,103
2019 $5,690 $598,096 $295,328 $302,768
2018 $5,633 $579,692 $268,729 $310,963
2017 $5,803 $587,887 $0 $0
2016 $6,839 $661,922 $0 $0
2015 $6,651 $624,774 $0 $0
2014 $6,876 $621,314 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2013

    Everett Watkins

    Preferred Properties (KW)

  • S

    Buyer's Agent in 2013

    Steven Schwartz

    Seaport Realtors (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 118280

Florida Keys Board of REALTORS®

APN: 00011280-000000

Florida Monroe County Key West 33040 Old Town

611 Margaret St, Key West, FL

This home is located at 611 Margaret St, Key West, FL 33040 since 03 July 2013 and is currently estimated at $1,406,781, approximately $1,065 per square foot. This property was built in 1935. 611 Margaret 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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