NOT LISTED FOR SALE

616 Caroline St Unit 5 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $886,000 - $1,010,753

1 Bed
2 Baths
754 Sq Ft
$1,305/mo HOA Fee

Last Sold June 18, 2024

Last sale price $1,000,000 $1,326 Per Sq Ft

Est. 3% decrease in value since last sale

Current estimated payment $6,929/month

8 Days on Market

Highlights

  • Concrete Pool
  • Balcony
  • 5-minute walk to Dry Tortugas National Park
  • Furnished
  • Central Air

About This Home

As of June 2024

Choose 616 Caroline and enjoy a Key West lifestyle that has been enjoyed by relatively few along one of the most elegant streets in Key West. Just steps from the Seaport and a block from Duval Street, this luxurious property offers designer touches including elegant hardwood floors, antique glass, marble countertops, high ceilings, and modern bathrooms. The private balcony overlooks the heated pool and spa that is shared by only 5 other units. The secured building is updated and lovingly maintained and the grounds have been designed by one of the Keys top landscape architects. This home is being offered fully furnished, so make an appointment now!

Last Agent to Sell the Property

Jimmy Lane

Island Life Realty Experts License #664783 Listed on: 04/23/2024

Last Buyer's Agent

Tommy Mack

Coastal Collection Real Estate License #3285624

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $5,727

Year Built

  • Built in 1933

Lot Details

  • 3,746

HOA Fees

  • $1,305 Monthly HOA Fees

Home Design

  • Frame Construction

Interior Spaces

  • 754 Sq Ft Home
  • Furnished

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Pool

  • Concrete Pool
  • In Ground Pool

Outdoor Features

  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00003991-000500

Community Details

Overview

  • Association fees include bldg exterior mnt, security, common area mnt, building insurance
  • Secluded Gardens Of Key West Subdivision
  • Rental Restrictions

Pet Policy

  • Pet Restriction: ask agent

Property Details

Home Type

Condominium

Est. Annual Taxes

$5,727

Year Built

Built in 1933

Lot Details

0

HOA Fees

$1,305 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • First Right of Refusal: No
  • Association Fee: 1304.50
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Other, Security, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: Yes
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: ask agent
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 5726.52
  • Title: Negotiable
  • Year Built: 1933
  • Alternate Key Number: 9088723
  • Cooling Heating: Central Air
  • Lot Sq Ft: 3588.00
  • Pool Info: In Ground, Concrete
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • License Info Number Of City License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 754.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00003991-000500
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 23, 2024
Closed on
Jun 12, 2024
Sold by
Geraci Anthony and Worthington Kelly Ann
Bought by
Hole James and Ryan Amy
Seller's Agent
Jimmy Lane
Island Life Realty Experts
Buyer's Agent
Tommy Mack
Coastal Collection Real Estate
List Price
$1,000,000
Sold Price
$1,000,000
Views
21
Current Estimated Value
$974,688

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$25,312
Avg. Annual Appreciation
-2.03%
Original Mortgage
$800,000
Outstanding Balance
$791,322
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$183,366

Purchase Details

Listed on
Feb 10, 2021
Closed on
Apr 19, 2021
Sold by
Jones Douglas S and Jones Colleen M
Bought by
Geraci Anthony and Worthington Kelly Ann
Seller's Agent
Letisia Powell
Robert Slack LLC
Buyer's Agent
Danielle Harris
eXp Realty LLC
List Price
$659,000
Sold Price
$625,000
Premium/Discount to List
-$34,000
-5.16%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.98%
Original Mortgage
$593,750
Interest Rate
3%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2018
Closed on
Apr 30, 2020
Sold by
Purdy Harry C and Purdy Jennifer J
Bought by
Jones Douglas S and Jones Colleen M
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Letisia Powell
Century 21 Schwartz Realty (KW)
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.30%
Original Mortgage
$450,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 29, 2018
Closed on
Apr 29, 2020
Sold by
Purdy Harry C and Purdy Jennifer J
Bought by
Jones Douglas S and Jones Colleen M
Seller's Agent
Terri Spottswood
Truman & Co. (KW)
Buyer's Agent
Letisia Powell
Century 21 Schwartz Realty (KW)
List Price
$625,000
Sold Price
$600,000
Premium/Discount to List
-$25,000
-4%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
3.6%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 25, 2012
Sold by
Deutsch Daniel and Deutsch Judith
Bought by
Purdy Jennifer J and Purdy Harry C

Purchase Details

Closed on
Sep 28, 2010
Bought by
Purdy Jennifer J and Purdy Harry C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,226,877
Interest Rate
5.25%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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Average Value
Not Available
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
Hole James $1,000,000 None Listed On Document
Geraci Anthony $625,000 Florida Title Professional
Jones Douglas S $600,000 None Listed On Document
Jones Douglas S $600,000 None Listed On Document
Purdy Jennifer J $428,000 Attorney
Purdy Jennifer J $100 --
Deutsch Daniel -- Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hole James $800,000
Previous Owner Geraci Anthony $593,750
Previous Owner Jones Douglas S $450,000
Previous Owner Jones Douglas S $450,000
Previous Owner Deutsch Daniel $1,226,877
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/18/2024 06/18/24 Sold $1,000,000 0.0% $1,326 / Sq Ft
05/01/2024 05/01/24 Pending -- -- --
04/23/2024 04/23/24 For Sale $1,000,000 +60.0% $1,326 / Sq Ft
04/19/2021 04/19/21 Sold $625,000 -5.2% $829 / Sq Ft
02/10/2021 02/10/21 For Sale $659,000 +9.8% $874 / Sq Ft
04/29/2020 04/29/20 Sold $600,000 -4.0% $796 / Sq Ft
11/29/2018 11/29/18 For Sale $625,000 -- $829 / Sq Ft
Source: Marathon and Lower Keys Association 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 $5,727 $819,872 -- $819,872
2023 $5,727 $673,685 $0 $673,685
2022 $4,989 $550,340 $0 $550,340
2021 $4,209 $472,389 $0 $472,389
2020 $4,545 $472,389 $0 $472,389
2019 $4,201 $429,081 $0 $429,081
2018 $4,276 $429,081 $0 $0
2017 $4,093 $401,430 $0 $0
2016 $4,308 $401,430 $0 $0
2015 $4,424 $401,430 $0 $0
2014 $4,591 $401,430 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2024

    Jimmy Lane

    Island Life Realty Experts

  • Tommy Mack

    Buyer's Agent in 2024

    Tommy Mack

    Coastal Collection Real Estate

    (305) 731-7910

    39 in this area

    240 Total Sales

    Tommy Mack
    Section Image
  • Letisia Powell

    Seller's Agent in 2021

    Letisia Powell

    Robert Slack LLC

    (305) 797-0399

    14 in this area

    31 Total Sales

    Letisia Powell
    Section Image

  • D

    Buyer's Agent in 2021

    Danielle Harris

    eXp Realty LLC

    (305) 395-2784

    6 in this area

    14 Total Sales

    Danielle Harris
    Section Image
  • Terri Spottswood

    Seller's Agent in 2020

    Terri Spottswood

    Truman & Co. (KW)

    (305) 587-3407

    117 in this area

    333 Total Sales

    Terri Spottswood
    Section Image
  • John Spottswood

    Seller Co-Listing Agent in 2020

    John Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    115 in this area

    334 Total Sales

    John Spottswood
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 609743

APN: 00003991-000500

Florida Monroe County Key West 33040 Old Town

616 Caroline St Unit 5, Key West, FL

This home is located at 616 Caroline St Unit 5, Key West, FL 33040 since 23 April 2024 and is currently estimated at $974,688, approximately $1,292 per square foot. This property was built in 1933. 616 Caroline St Unit 5 is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and Somerset Island Prep.

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.

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