NOT LISTED FOR SALE

615 Duval St Unit 1 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $810,000 - $1,901,000

2 Beds
1 Bath
646 Sq Ft
$247/mo HOA Fee

Last Sold March 17, 2023

Last sale price $1,562,900 $2,419 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $8,443/month

59 Days on Market

Highlights

  • Deck
  • Stainless Steel Appliances
  • Ceiling Fan
  • Furnished
  • Central Heating and Cooling System
  • Vinyl Flooring

About This Home

As of March 2023

COVETED TRANSIENT LICENSED 'NIGHTLY' TURNKEY VACATION RENTAL! *INVESTOR ALERT* Beautifully renovated Jan-Feb 2021! Location, location, location--in the heart of downtown. Highest rating on Airbnb of any vacation rental in KW w/100+ reviews. Amazing investment opportunity in the center of Old Town Key West; adjacent to Key Lime Village and mere steps away the world-famous duval_street. Upper level 2-bedroom condo with a balcony and vaulted ceiling. This unit offers a rare off-street gated parking; major plus for guests! Property features quartz countertops, ss appliances, vinyl flooring, central AC w/Nest, W/D in unit. New J.W. Marriott mattresses and new leather furniture to further enhance the guest experience. Turnkey, and ready to produce income for its new Owner. One of the lowest HOA fees in the City! Robust vacation rental history! 2021--grossed $150K in just 10 months due to renovation; 2022--$170K in bookings! Already over $100K+ in Airbnb/VRBO bookings for 2023!

Last Agent to Sell the Property

Steven Koleno

Beycome of Florida, LLC License #3469487 Listed on: 12/23/2022

Last Buyer's Agent

Patrick DeKeyrel

Last Key Realty, Inc (KW) License #3519664

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $6,397

Year Built

  • Built in 2002

Lot Details

  • 5,750

HOA Fees

  • $247 Monthly HOA Fees

Parking

  • Off-Street Parking

Home Design

  • Metal Roof
  • Pre-Cast Concrete Construction

Interior Spaces

  • 646 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Vinyl Flooring

Kitchen

  • Oven
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Outdoor Features

  • Deck

Utilities

  • Central Heating and Cooling System
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 1
  • Assessor Parcel Number 00012351-000100

Community Details

Overview

  • Old Town Unlisted Subdivision

Pet Policy

  • No Pets Allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$6,397

Year Built

Built in 2002

Lot Details

0

HOA Fees

$247 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Fee: 247.00
  • Mandatory HOA: Yes
  • Fee Includes: Other
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: No Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 6397.00
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 2002
  • Alternate Key Number: 9085137
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 646.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Other
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Microwave, Oven, Refrigerator
  • Floor: Vinyl
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Concrete
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Other - See Remarks
  • Heating: Central

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00012351-000100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 23, 2022
Closed on
Mar 14, 2023
Sold by
Williams Anthony Donshae and Williams Maja
Bought by
Key Westerly Llc
Seller's Agent
Steven Koleno
Beycome of Florida, LLC
Buyer's Agent
Patrick DeKeyrel
Last Key Realty, Inc (KW)
List Price
$1,659,400
Sold Price
$1,562,900
Premium/Discount to List
-$96,500
-5.82%
Views
62
Current Estimated Value
$1,387,403

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$175,497
Avg. Annual Appreciation
-4.22%

Purchase Details

Closed on
Mar 20, 2020
Sold by
Duval Street 1 Llc
Bought by
Williams Anthony Donshae and Williams Maja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,450
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 25, 2020
Sold by
Hammond Kristine R
Bought by
Williams Anthony Donshae and Williams Maja

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$632,450
Interest Rate
3.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2006
Sold by
Grm Ventures Inc
Bought by
Hammond Wayne D and Hammond Kristine R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.62%
Mortgage Type
Unknown
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Key Westerly Llc $1,562,900 --
Key Westerly Llc $1,562,900 --
Williams Anthony Donshae -- None Listed On Document
Williams Anthony Donshae -- None Listed On Document
Williams Anthony Donshae $790,563 None Listed On Document
Williams Anthony Donshae $790,563 None Listed On Document
Hammond Wayne D $435,000 Attorney
Hammond Wayne D $435,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Williams Anthony Donshae $632,450
Previous Owner Hammond Wayne D $344,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/17/2023 03/17/23 Sold $1,562,900 -2.1% $2,419 / Sq Ft
02/20/2023 02/20/23 Pending -- -- --
01/27/2023 01/27/23 Price Changed $1,596,300 -3.8% $2,471 / Sq Ft
12/23/2022 12/23/22 For Sale $1,659,400 -- $2,569 / 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
2025 $10,857 $1,260,229 -- $1,260,229
2024 $7,150 $1,260,229 -- $1,260,229
2023 $7,150 $812,719 $0 $812,719
2022 $6,664 $812,719 $0 $812,719
2021 $6,161 $654,677 $0 $654,677
2020 $3,574 $613,087 $0 $613,087
2019 $2,052 $185,296 $0 $185,296
2018 $2,080 $185,296 $0 $0
2017 $2,110 $185,296 $0 $0
2016 $2,208 $185,296 $0 $0
2015 $2,268 $185,296 $0 $0
2014 $2,344 $185,296 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Steven Koleno

    Seller's Agent in 2023

    Steven Koleno

    Beycome of Florida, LLC

    (312) 300-6768

    8 in this area

    11,921 Total Sales

    Steven Koleno
    Section Image

  • P

    Buyer's Agent in 2023

    Patrick DeKeyrel

    Last Key Realty, Inc (KW)

    (305) 393-6360

    7 in this area

    8 Total Sales

    Patrick DeKeyrel
    Section Image
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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 603521

Florida Keys Board of REALTORS®

APN: 00012351-000100

Florida Monroe County Key West 33040 Old Town

615 Duval St Unit 1, Key West, FL

Not Listed for Sale

Condos

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