NOT LISTED FOR SALE

623 Fleming St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,507,541 - $2,797,000

2 Beds
2.5 Baths
1,760 Sq Ft
$1,243/Sq Ft Est. Value

Last Sold February 27, 2014

Last sale price $995,000 $565 Per Sq Ft

Est. 120% increase in value since last sale

Current estimated payment $12,398/month

31 Days on Market

Highlights

  • Key West Architecture
  • Wood Flooring
  • No HOA
  • Cathedral Ceiling
  • Granite Countertops
  • Stainless Steel Appliances

About This Home

As of February 2014

Beautiful and lovingly restored historic home near Solares Hill in Old Town Key West. Located on prestigious Fleming Street just 2 blocks from Duval Street, this historic treasure presents with a wow factor when you first enter. Wonderful Dade County Pine walls, river-reclaimed Antique Heart Pine floors and high ceilings. Open floor plan living and dining area terrific for entertaining. Large kitchen with stainless steel appliances and granite countertops leading to a covered wrap-around porch and lanai. Spacious master suite with grand sky deck offers a tree-top view of Old Town. Large guest bedroom with en-suite bath and ample storage. Off-street parking and lush tropical landscaping. A Solares Hill Historic Beauty!

Last Agent to Sell the Property

Rudy Molinet

Marquis Properties Realty (KW) Listed on: 01/19/2014

Co-Listed By

Scott Forman

ICAMCO Real Estate Inc. (KW)

Last Buyer's Agent

Scott Forman

Key West Properties (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $6,094

Year Built

  • Built in 1933

Lot Details

  • 2,652 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • 1 Parking Space

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,760 Sq Ft Home
  • Cathedral Ceiling
  • Some Wood Windows
  • Blinds
  • Double Hung Windows
  • French Doors

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Outdoor Features

  • Patio
  • Rain Gutters

Utilities

  • Central Air

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Home Details

Home Type

Single Family

Est. Annual Taxes

$6,094

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Selling Info: Arms Length Transaction
  • Side: Median
  • State Province: FL
  • Taxes: 6094.05
  • Title: Negotiable
  • Vehicle Storage Cars: 1
  • Year Built: 1933
  • Alternate Key Number: 1006475
  • Building Style: Conch
  • Cooling Heating: Central Air, Heat
  • Lot Sq Ft: 2652.00
  • Porch Balcony: Patio
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1760.00
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Window Treatments, Granite Counter Top, Dade County Pine, Drapes/Blinds Incl, Cathedral Ceilings
  • Total Bathrooms: 2.10
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Range, Washer, Stainless Steel Appliance(s), Refrigerator, Microwave, Dryer, Disposal
  • Floor: Tile, Wood
  • Half Bathrooms: 1
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows, Wood Windows, French Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Rain Gutters
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.06

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2016
Sold by
Paolini Larry and Paolini Tricia
Bought by
Paolini Lawrence and Paolini Patricia A
Current Estimated Value
$2,188,135

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Outstanding Balance
$334,044
Interest Rate
3.52%
Mortgage Type
New Conventional
Estimated Equity
$1,854,091

Purchase Details

Listed on
Jan 19, 2014
Closed on
Feb 27, 2014
Sold by
Combs John W
Bought by
Paolini Larry and Paolini Tricia
Seller's Agent
Rudy Molinet
Marquis Properties Realty (KW)
Buyer's Agent
Scott Forman
ICAMCO Real Estate Inc. (KW)
List Price
$995,000
Sold Price
$995,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.88%
Original Mortgage
$696,500
Outstanding Balance
$525,070
Interest Rate
4.43%
Mortgage Type
New Conventional
Estimated Equity
$1,663,065

Purchase Details

Closed on
May 24, 2011
Sold by
Combs John W
Bought by
Combs John W

Purchase Details

Closed on
Apr 6, 2009
Sold by
Hendrickson Curt and Strope William
Bought by
Combs John W

Purchase Details

Closed on
Aug 27, 2004
Sold by
League Deborah M
Bought by
Combs John W and Hendrickson Curt

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Aug 12, 1999
Bought by
Paolini Larry and Paolini Tricia

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 10, 1999
Sold by
Cox Paul S
Bought by
Lesko Nicole

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
7.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jun 10, 1999
Bought by
Paolini Larry and Paolini Tricia

Purchase Details

Closed on
Dec 31, 1998
Sold by
Cox Paul S
Bought by
Lesko Nicole

Purchase Details

Closed on
Jun 9, 1997
Sold by
Newhouse Paula L and Newhouse Gregory Lee
Bought by
Cox Paul S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$310,500
Interest Rate
8.13%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 10, 1997
Sold by
Wilhelmina G Harvey Tr
Bought by
Alcober Manuel and Alcober Elda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$135,000
Interest Rate
7.53%
Mortgage Type
Credit Line Revolving
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
Paolini Lawrence -- None Available
Paolini Larry $995,000 Attorney
Combs John W -- None Available
Combs John W -- None Available
Combs John W $1,100,000 --
Paolini Larry -- --
Lesko Nicole $315,000 --
Paolini Larry $315,000 --
Lesko Nicole $315,000 --
Cox Paul S $100 --
Cox Paul S $350,000 --
Alcober Manuel $270,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Paolini Lawrence $417,000
Open Paolini Larry $696,500
Previous Owner Combs John W $800,000
Previous Owner Alcober Manuel $1,200,000
Previous Owner Alcober Manuel $310,500
Previous Owner Alcober Manuel $135,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/27/2014 02/27/14 Sold $995,000 0.0% $565 / Sq Ft
02/19/2014 02/19/14 Pending -- -- --
01/19/2014 01/19/14 For Sale $995,000 -- $565 / 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 $11,190 $1,620,978 $1,114,497 $506,481
2024 $10,257 $1,609,836 $1,114,497 $495,339
2023 $10,257 $1,431,687 $955,381 $476,306
2022 $9,000 $1,210,778 $723,877 $486,901
2021 $7,901 $853,366 $535,396 $317,970
2020 $7,913 $857,771 $531,298 $326,473
2019 $8,307 $894,956 $559,980 $334,976
2018 $8,021 $844,654 $493,056 $351,598
2017 $8,238 $853,323 $0 $0
2016 $9,216 $906,485 $0 $0
2015 $8,796 $839,783 $0 $0
2014 $6,690 $757,905 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2014

    Rudy Molinet

    Marquis Properties Realty (KW)

  • S

    Seller Co-Listing Agent in 2014

    Scott Forman

    ICAMCO Real Estate Inc. (KW)

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 119202

Florida Keys Board of REALTORS®

APN: 00006250-000000

Florida Monroe County Key West 33040 Old Town

623 Fleming St, Key West, FL

Not Listed for Sale

Detached

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