$1,270,000
SOLD OCT 12, 2017
5 Beds
4.5 Baths
2,851 Sq Ft
6,030 Sq Ft Lot

Recently Sold

$445 Per Sq Ft

2% Below List Price

1 Day on Market

Highlights

  • 0.14 Acre Lot
  • Workshop
  • Balcony
  • No HOA
  • Stainless Steel Appliances
  • Patio

About This Home

As of February 2022

Recent renovations are complete on this Grand Old Town Key West home in the X flood zone. This very large corner property is currently configured as a 3 bedroom, 2.5 bathroom main home along with two separate one bedroom, one bathroom guest quarters. There is a new kitchen featuring custom cabinets, quartz countertops and stainless steel appliances. The bathrooms have new plumbing, flooring, vanities and fixtures. Among the many updates are new wiring, new central a/c, new flooring, whole house on demand water heaters, and restored Dade County Pine walls. The home has been freshly painted inside and outside with new trim throughout, along with custom drapes, complete the finished look. Outside you will find generous front and side porches and a large backyard patio.

Last Agent to Sell the Property

David Austin

Key West Properties (KW) Listed on: 08/16/2017

Last Buyer's Agent

Lori Langton

Bascom Grooms Real Estate (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,251

Year Built

  • Built in 1939

Lot Details

  • 6,030 Sq Ft Lot

Home Design

  • Frame Construction

Interior Spaces

  • 2,851 Sq Ft Home
  • Ceiling Fan
  • Workshop

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 5 Bedrooms

Parking

  • Carport
  • Off-Street Parking

Outdoor Features

  • Balcony
  • Patio

Utilities

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

Listing and Financial Details

  • Homestead Exemption
  • Minimum Rental Period: 30
  • Assessor Parcel Number 00010180-000000

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,251

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 8250.67
  • Vehicle Storage: Carport, Off Street Parking
  • Year Built: 1939
  • Alternate Key Number: 1010464
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 6030.00
  • Porch Balcony: Open Porch/Balcony, Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2851.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Dade County Pine
  • Total Bathrooms: 4.10
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Stainless Steel Appliance(s), Refrigerator, Range
  • Half Bathrooms: 1
  • Specialty Rooms: Workshop
  • Total Bedrooms: 5

Exterior Features

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

Utilities

  • Utilities: Cable Available, Elect Separate Meter, Municipal Sewer, FKAA, Cistern

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00010180-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.14

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2016

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2022
Closed on
Feb 22, 2022
Sold by
Chatman Cynthia L
Bought by
Key West Land Investments Llc
Seller's Agent
Lori Langton
Berkshire Hathaway HomeServices Knight & Gardner Realty
Buyer's Agent
Clarence Clark
Key West Luxury Real Estate Inc (KW)
List Price
$3,425,000
Sold Price
$3,450,000
Premium/Discount to List
$25,000
0.73%
Current Estimated Value
$3,249,318

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$200,682
Avg. Annual Appreciation
-3.77%

Purchase Details

Listed on
Aug 16, 2017
Closed on
Oct 12, 2017
Sold by
Medina Alberto and Medina Nicole H
Bought by
Chatman Cynthia L
Seller's Agent
David Austin
Key West Properties (KW)
Buyer's Agent
Lori Langton
Bascom Grooms Real Estate (KW)
List Price
$1,295,000
Sold Price
$1,270,000
Premium/Discount to List
-$25,000
-1.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
25.76%
Original Mortgage
$500,000
Interest Rate
3.82%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 25, 2013
Closed on
Aug 1, 2014
Sold by
Mcclure Jacquelyn R
Bought by
Medina Alberto and Medina Nicole H
Seller's Agent
Mike Caron
Keller Williams Key West Compass Realty
Buyer's Agent
David Austin
Key West Properties (KW)
List Price
$799,000
Sold Price
$729,000
Premium/Discount to List
-$70,000
-8.76%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
18.94%
Original Mortgage
$583,200
Interest Rate
4.24%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 23, 2001
Sold by
Todd M Oropeza M and Todd Alicia Oropeza
Bought by
County Of Monroe

Purchase Details

Closed on
Jul 22, 1998
Sold by
Wellons Maysie M Gaiti
Bought by
Mcclure Jacquelyn R
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $3,450,000 Oropeza Stones Cardenas Pllc
Warranty Deed $1,270,000 Attorney
Warranty Deed $729,000 Attorney
Warranty Deed -- --
Warranty Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $500,000 No Value Available
Previous Owner $500,000 Credit Line Revolving
Previous Owner $500,000 New Conventional
Previous Owner $583,200 Commercial
Previous Owner $225,000 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/21/2022 02/21/22 Sold $3,450,000 +0.7% $1,210 / Sq Ft
02/07/2022 02/07/22 Pending -- -- --
01/03/2022 01/03/22 For Sale $3,425,000 +169.7% $1,201 / Sq Ft
10/12/2017 10/12/17 Sold $1,270,000 -1.9% $445 / Sq Ft
08/17/2017 08/17/17 Pending -- -- --
08/16/2017 08/16/17 For Sale $1,295,000 +77.6% $454 / Sq Ft
08/01/2014 08/01/14 Sold $729,000 -8.8% $265 / Sq Ft
07/24/2014 07/24/14 Pending -- -- --
11/25/2013 11/25/13 For Sale $799,000 -- $290 / 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 $18,215 $2,137,911 $1,033,301 $1,104,610
2023 $18,215 $2,010,900 $949,725 $1,061,175
2022 $13,168 $1,791,590 $719,258 $1,072,332
2021 $11,095 $1,120,449 $545,353 $575,096
2020 $7,066 $704,662 $0 $0
2019 $7,002 $692,525 $0 $0
2018 $7,098 $691,816 $0 $0
2017 $9,607 $916,662 $0 $0
2016 $8,251 $764,396 $0 $0
2015 $7,794 $655,048 $0 $0
2014 $7,001 $583,787 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 576636

Florida Keys Board of REALTORS®

APN: 00010180-000000