NOT LISTED FOR SALE

620 Thomas St Unit 261 Key West, FL 33040

Truman Annex Neighborhood

Estimated Value: $687,000 - $843,272

2 Beds
1 Bath
513 Sq Ft
$1,487/Sq Ft Est. Value

Last Sold May 17, 2024

Last sale price $895,000 $1,745 Per Sq Ft

Est. 15% decrease in value since last sale

Current estimated payment $5,652/month

5 Days on Market

Highlights

  • In Ground Pool
  • Central Air
  • 4-minute walk to Truman Waterfront Park
  • Balcony
  • Ceiling Fan

About This Home

As of May 2024

Introducing your Key West getaway, a charming 2-bedroom TRANSIENT LICENSED condo offering comfort and convenience in the heart of paradise. Offering the flexibility to generate passive income through vacation rentals while also providing the option to indulge in your own coastal retreat whenever desired! One of the few Shipyard units whose Transient License is not set to expire. This beautifully appointed unit features a modernized kitchen, and a private balcony and soak in the tropical ambiance with your morning coffee or evening cocktail. This unit is situated within a gated community that boasts exceptional amenities, including a sparkling pool surrounded by lush greenery, offering the perfect spot to relax and unwind under the warm Florida sun. Venture just steps away to Fort Zachary Taylor Beach, where you can spend your days lounging on the sandy shores or exploring the crystal-clear waters. And with Duval Street's renowned bars, restaurants, and shops just a quick walk away, you'll have endless entertainment options at your fingertips.

Last Agent to Sell the Property

Richard Haskins

Brightwild Real Estate License #3285669 Listed on: 04/12/2024

Co-Listed By

Parker Simpson

Buy The Keys License #3343423

Last Buyer's Agent

Behmke The

Compass Realty (KW)

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $5,054

Year Built

  • Built in 1991 | Remodeled

Lot Details

  • 5

HOA Fees

  • $1,130 Monthly HOA Fees

Parking

  • Assigned Parking

Home Design

  • Frame Construction

Interior Spaces

  • 513 Sq Ft Home
  • Ceiling Fan

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Balcony

Utilities

  • Central Air
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00013180-000261

Community Details

Overview

  • Association fees include cable, security, common area mnt, building insurance, bldg exterior mnt
  • Shipyard Ph 1 Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed with Restrictions

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$5,054

Year Built

Built in 1991 | Remodeled

Lot Details

5 Acres

HOA Fees

$1,130 per month

Listing Details

  • Property Type: Residential
  • Style: Townhouse
  • First Right of Refusal: No
  • Association Fee: 1130.00
  • Mandatory HOA: Yes
  • Fee Includes: Cable, Other, Security, Common Area Mnt, Building Insurance, Bldg Exterior Mnt
  • Key Island: Key West
  • K W Neighborhood: Truman Annex
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Ocean
  • State Province: FL
  • Taxes: 5053.52
  • Vehicle Storage: Assigned Parking
  • Year Built: 1991
  • Alternate Key Number: 8799390
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Pool Info: In Ground
  • Porch Balcony: Open Porch/Balcony
  • Association Maintenance Fee Per: Monthly
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 513.00
  • Pool Info Other: YES
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Townhouses

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Microwave, Oven, Range, Refrigerator, Dishwasher, Dryer
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Buyer to Verify, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00013180-000261
  • Land Size: 5 Less Than 10 Acres

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 12, 2024
Closed on
May 17, 2024
Sold by
Clifford G Watson Revocable Living Trust and Watson Keith D
Bought by
Conch House Sy261 Llc
Seller's Agent
Richard Haskins
Brightwild Real Estate
Buyer's Agent
Behmke The
Compass Realty (KW)
List Price
$925,000
Sold Price
$895,000
Premium/Discount to List
-$30,000
-3.24%
Views
9
Current Estimated Value
$762,818

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$132,182
Avg. Annual Appreciation
-8.36%

Purchase Details

Closed on
Aug 21, 2012
Sold by
Wernicoff Tevis
Bought by
Watson Clifford G

Purchase Details

Closed on
Apr 1, 1998
Bought by
Watson Clifford G Revocable Living Trust 11/1

Purchase Details

Closed on
May 1, 1992
Bought by
Watson Clifford G Revocable Living Trust 11/1
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
Conch House Sy261 Llc $895,000 First International Title
Watson Clifford G $440,000 First American Title Ins Co
Watson Clifford G Revocable Living Trust 11/1 $172,000 --
Watson Clifford G Revocable Living Trust 11/1 $114,100 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/17/2024 05/17/24 Sold $895,000 -3.2% $1,745 / Sq Ft
04/17/2024 04/17/24 Pending -- -- --
04/12/2024 04/12/24 For Sale $925,000 -- $1,803 / Sq Ft
Source: Marathon and Lower Keys Association 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 $5,355 $629,059 -- $629,059
2024 $5,054 $604,052 -- $604,052
2023 $5,054 $578,844 $0 $578,844
2022 $4,502 $504,523 $0 $504,523
2021 $4,282 $440,082 $0 $440,082
2020 $4,265 $440,082 $0 $440,082
2019 $4,020 $408,606 $0 $408,606
2018 $3,904 $387,761 $0 $0
2017 $3,925 $383,144 $0 $0
2016 $4,130 $383,144 $0 $0
2015 $3,940 $352,944 $0 $0
2014 $4,087 $352,944 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2024

    Richard Haskins

    Brightwild Real Estate

    Section Image

  • P

    Seller Co-Listing Agent in 2024

    Parker Simpson

    Buy The Keys

    (305) 766-8503

    2 in this area

    14 Total Sales

    Parker Simpson
    Section Image

  • B

    Buyer's Agent in 2024

    Behmke The

    Compass Realty (KW)

  • The Behmke Group

    Buyer's Agent in 2024

    The Behmke Group

    Keller Williams Key West Compass Realty

    (305) 304-0998

    74 in this area

    138 Total Sales

    The Behmke Group
    Section Image
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Map

Source: Marathon and Lower Keys Association of REALTORS®

MLS Number: 609615

APN: 00013180-000261

Florida Monroe County Key West 33040 Truman Annex

620 Thomas St Unit 261, Key West, FL

Not Listed for Sale

Townhouses

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