NOT LISTED FOR SALE

Estimated Value: $3,386,000 - $4,250,000

4 Beds
3 Baths
2,486 Sq Ft
$1,520/Sq Ft Est. Value

Last Sold September 15, 2021

Last sale price $3,150,000 $1,267 Per Sq Ft

Est. 20% increase in value since last sale

Current estimated payment $22,315/month

175 Days on Market

Highlights

  • Gated with Attendant
  • 0.11 Acre Lot
  • Whirlpool Bathtub
  • Concrete Pool
  • Wood Flooring
  • 3-minute walk to Truman Annex Park

About This Home

As of September 2021

Incredible opportunity to own both a delightful single family home in the coveted Truman Annex gated community AND a Four Bedroom Transiently Licensed Turn Key Luxury Vacation Rental Investment Home, fully outfitted to the highest standard and projected to achieve rental income in excess of $200,000 in the first calendar year of active rental. Collect the revenue of an exceptional vacation home with a special transient license, with the benefit of visiting and enjoying your beautifully classic yet unique Eyebrow home in the heart of Old Town - complete with sunny private pool, covered deck, and magnificently landscaped grounds featuring waterfalls of orchids spilling from a gorgeous Gumbo Limbo tree. Previously a full time residence...

Last Agent to Sell the Property

Peter Rysman

Last Key Realty, Inc (KW) License #593449 Listed on: 02/21/2021

Last Buyer's Agent

Rodney Culiver

Last Key Realty, Inc (KW) License #SL3426316

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $24,298

Year Built

  • Built in 1998 | Remodeled

Lot Details

  • 5,001 Sq Ft Lot
  • Privacy Fence
  • Fenced
  • Property is zoned HPRD - Hist Planned Redevelopment & Dev Dist

HOA Fees

  • $308 Monthly HOA Fees

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,486 Sq Ft Home
  • Some Wood Windows
  • Shutters
  • Blinds
  • Double Hung Windows
  • French Doors
  • Storage
  • Wood Flooring
  • Pull Down Stairs to Attic

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Monitored
  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Carport
  • Electric Gate

Accessible Home Design

  • Accessible Full Bathroom
  • Accessible Kitchen
  • Accessible Doors
  • Accessible Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Balcony
  • Patio
  • Exterior Lighting
  • Shed
  • Rain Gutters

Utilities

  • Central Air
  • Separate Meters
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Listing and Financial Details

  • Minimum Rental Period: 7
  • Assessor Parcel Number 00006700-000400

Community Details

Overview

  • Association fees include common area mnt, security, sewer
  • Old Town Unlisted Subdivision

Security

  • Gated with Attendant

Home Details

Home Type

Single Family

Est. Annual Taxes

$24,298

Year Built

Built in 1998 | Remodeled

Lot Details

5,001 Sq Ft Lot

HOA Fees

$308 per month

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: Yes
  • Association Fee: 925.00
  • Mandatory HOA: Yes
  • Fee Includes: Common Area Mnt, Security, Sewer
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 7.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 24298.47
  • Title: Title Ins - Buyer
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 2
  • Year Built: 1998
  • Alternate Key Number: 8732708
  • Building Style: Eyebrow
  • Cooling Heating: Central Air
  • Lot Sq Ft: 5001.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Open Porch/Balcony, Patio
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Shutters: Bahama, Roll Down Manual
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 2486.00
  • Pre Wired: Cable
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Whirlpool Bath Tub, Window Treatments, Pull Down Stairs, Walk-in Closet(s), Storage, Smoke Alarms, Pantry, Granite Counter Top, Drapes/Blinds Incl
  • Total Bathrooms: 3.00
  • Full Bathrooms: 3
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Oven, Freezer, Dryer, Disposal
  • Floor: Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Wood Windows, French Doors
  • Total Bedrooms: 4
  • Accessibility Features: Accessible Doors, Parking, Accessible Kitchen, Accessible Full Bath

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Shed, Storage, Privacy Wall/Fence, Rain Gutters, Lighting
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Electric Gate, Patrolled Area, Manned Gate
  • Utilities: Cable Available, Water Separate Meter, Propane, Municipal Sewer, FKAA, Elect Separate Meter

Lot Info

  • Deed Restrictions: No
  • Flood Zone: AE
  • Parcel Number: 00006700-000400
  • Lot Size: 50x100
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 21, 2021
Closed on
Sep 13, 2021
Sold by
Rysman Peter
Bought by
Lee Eric C and Lee Susan S
Seller's Agent
Peter Rysman
Last Key Realty, Inc (KW)
Buyer's Agent
Rodney Culiver
Last Key Realty, Inc (KW)
List Price
$3,225,000
Sold Price
$3,150,000
Premium/Discount to List
-$75,000
-2.33%
Current Estimated Value
$3,777,511

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$627,511
Avg. Annual Appreciation
4.12%

Purchase Details

Closed on
Aug 29, 1997
Sold by
John R Allison Iii Tr
Bought by
Rysman Peter and Rysman Linda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 8, 1997
Sold by
Power Joseph A and Power Susan
Bought by
Allison John R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$350,000
Interest Rate
7.52%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 1, 1992
Bought by
Rysman Peter and Rysman Linda

Purchase Details

Closed on
Jun 1, 1989
Bought by
Rysman Peter and Rysman Linda

Purchase Details

Closed on
Oct 1, 1987
Bought by
Rysman Peter and Rysman Linda
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
Lee Eric C $3,150,000 Attorney
Rysman Peter -- --
Allison John R $212,000 --
Rysman Peter $360,000 --
Rysman Peter $322,600 --
Rysman Peter -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Allison John R $250,000
Previous Owner Allison John R $275,000
Previous Owner Allison John R $350,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/15/2021 09/15/21 Sold $3,150,000 -2.3% $1,267 / Sq Ft
08/15/2021 08/15/21 Pending -- -- --
08/02/2021 08/02/21 For Sale $3,225,000 0.0% $1,297 / Sq Ft
07/29/2021 07/29/21 Pending -- -- --
02/21/2021 02/21/21 For Sale $3,225,000 -- $1,297 / Sq Ft
Source: Florida Keys Board of REALTORS®

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 $28,225 $3,376,365 $2,350,000 $1,026,365
2024 $29,639 $3,369,429 $2,350,000 $1,019,429
2023 $29,639 $3,974,249 $3,000,000 $974,249
2022 $24,692 $2,937,823 $1,955,000 $982,823
2021 $22,900 $2,566,192 $1,640,000 $926,192
2020 $23,893 $2,687,297 $1,750,000 $937,297
2019 $24,298 $2,709,066 $1,750,238 $958,828
2018 $11,106 $1,227,720 $0 $0
2017 $11,066 $1,202,469 $0 $0
2016 $11,453 $1,177,737 $0 $0
2015 $11,675 $1,169,550 $0 $0
2014 $12,049 $1,160,268 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594806

Florida Keys Board of REALTORS®

APN: 00006700-000400

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