NOT LISTED FOR SALE

Estimated Value: $1,879,000 - $2,570,000

2 Beds
2.5 Baths
1,440 Sq Ft
$1,503/Sq Ft Est. Value

Last Sold November 09, 2012

Last sale price $825,000 $573 Per Sq Ft

Est. 162% increase in value since last sale

Current estimated payment $12,594/month

101 Days on Market

Highlights

  • Concrete Pool
  • Wood Flooring
  • Complete Roll Down Shutters
  • Cathedral Ceiling
  • No HOA
  • Patio

About This Home

As of November 2012

Tucked away in the exclusive Gardens of Key West community sits this elegant and charming single family home. Beautifully appointed and adorned by a neighboring Rick Worth mural, this home will enchant the buyer who desires a quiet but centrally located experience in Old Town Key West. High ceilings, hardwood floors, chef's kitchen, and open floor plan overlooking lush tropical yard. Large master suite and spacious guest bedroom with en-suite bath. Two off-street parking spaces, multiple porches and wonderful heated pool. An Elegant Tropical Oasis in The Heart of Old Town Key West. Owner is a Realtor but not the listing agent.

Last Agent to Sell the Property

Rudy Molinet

Marquis Properties Realty (KW) Listed on: 07/29/2012

Last Buyer's Agent

Rudy Molinet

Royal Palms Realty Associates (KW) License #3044499

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $3,526

Year Built

  • Built in 1997

Lot Details

  • 3,004 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Sprinkler System
  • Property is zoned HNC(1-3) - Hist Nghborhd Comml 1 - 3 Coastal Med

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,440 Sq Ft Home
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Double Hung Windows
  • French Doors
  • Sliding Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Outdoor Shower

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air

Listing and Financial Details

  • Homestead Exemption

Community Details

Overview

  • No Home Owners Association
  • Association fees include common area mnt
  • Old Town Unlisted Subdivision

Security

  • Building Security System

Home Details

Home Type

Single Family

Est. Annual Taxes

$3,526

Year Built

Built in 1997

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Approval Required: No
  • Association Fee: 21.00
  • Mandatory HOA: No
  • Fee Includes: Common Area Mnt
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Selling Info: Arms Length Transaction
  • Side: Median
  • State Province: FL
  • Taxes: 3526.25
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1997
  • Alternate Key Number: 8902123
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 3004.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Shutters: Roll Down Manual
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 1440.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Smoke Alarms, Window Treatments, Drapes/Blinds Incl
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Dryer, Disposal
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Glass Doors, French Doors
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Security: Central Station Sys
  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2023
Sold by
Grass Skirt Llc
Bought by
Gammill Family Trust
Current Estimated Value
$2,163,992

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,828,000
Outstanding Balance
$1,768,774
Interest Rate
5.75%
Mortgage Type
New Conventional
Estimated Equity
$372,387

Purchase Details

Closed on
Dec 23, 2021
Sold by
Madersky Thomas R and Madersky Anne Lee
Bought by
Grass Skirt Llc and 619 Simonton Llc

Purchase Details

Closed on
Oct 11, 2017
Sold by
Simpson Elwood J
Bought by
Madersky Thomas R and Madersky Lee Anne

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$944,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 29, 2012
Closed on
Nov 9, 2012
Sold by
Barnes Louis R
Bought by
Simpson Elwood J
Seller's Agent
Rudy Molinet
Marquis Properties Realty (KW)
Buyer's Agent
Rudy Molinet
Marquis Properties Realty (KW)
List Price
$849,000
Sold Price
$825,000
Premium/Discount to List
-$24,000
-2.83%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.69%

Purchase Details

Closed on
Sep 26, 2007
Sold by
Barnes Marilyn J
Bought by
Barnes Louis R

Purchase Details

Closed on
Dec 3, 2001
Sold by
Rudy J Molinet I
Bought by
Barnes Louis R and Barnes Marilyn J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$275,000
Interest Rate
6.59%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
May 11, 2001
Sold by
Myron L Carlson M and Myron Cynthia R
Bought by
Molinet Rudy J and Hoehn Harry

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$384,000
Interest Rate
6.95%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 12, 1997
Sold by
Lauramar Of Key West Inc
Bought by
Carlson Myron L and Carlson Cynthia R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,000
Interest Rate
8.01%
Mortgage Type
Balloon
Source: Public Records

Range of Values:

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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
Gammill Family Trust $2,300,000 --
Grass Skirt Llc $1,675,000 Oropeza Stones Cardenas Pllc
Madersky Thomas R $1,180,000 First Intl Title Inc
Simpson Elwood J $825,000 Attorney
Barnes Louis R -- Attorney
Barnes Louis R $575,000 --
Molinet Rudy J $480,000 --
Carlson Myron L $330,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gammill Family Trust $1,828,000
Previous Owner Madersky Thomas R $944,000
Previous Owner Gulf Coast Acquisition Inc $400,000
Previous Owner Carlson Myron L $275,000
Previous Owner Carlson Myron L $384,000
Previous Owner Carlson Myron L $214,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/09/2012 11/09/12 Sold $825,000 -2.8% $573 / Sq Ft
11/07/2012 11/07/12 Pending -- -- --
07/29/2012 07/29/12 For Sale $849,000 -- $590 / 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 $13,992 $2,008,656 $1,088,489 $920,167
2023 $13,992 $1,784,683 $946,512 $838,171
2022 $11,918 $1,389,966 $633,374 $756,592
2021 $9,346 $1,018,452 $481,940 $536,512
2020 $9,610 $1,052,058 $509,578 $542,480
2019 $9,065 $980,950 $464,666 $516,284
2018 $9,448 $1,003,089 $496,919 $506,170
2017 $7,409 $762,934 $0 $0
2016 $7,561 $736,166 $0 $0
2015 $8,344 $800,506 $0 $0
2014 $7,915 $725,104 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 116789

Florida Keys Board of REALTORS®

APN: 00012160-000107