NOT LISTED FOR SALE

Estimated Value: $1,010,308 - $1,722,000

2 Beds
1 Bath
977 Sq Ft
$1,307/Sq Ft Est. Value

Last Sold November 16, 2021

Last sale price $775,000 $793 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $7,512/month

52 Days on Market

Highlights

  • Wood Flooring
  • Ceiling Fan
  • Fenced
  • No HOA

About This Home

As of November 2021

This charming cottage is located in the heart of old town Key West on the corner of Margaret and Carey Lane. It's an easy walk to Duval and everywhere in old town. It's loaded with historic character including wood floors. Currently used as a one bedroom, it was at one time a 2/1 and the footprint lends itself to other layouts. Improvements to this property will be worth the investment. Use your imagination to create your own island hideaway.The back opens to a private patio with tropical foliage and potential for a small pool. There is a gated entry on Carey Lane as well. There's a lot to love about this old town home.

Last Agent to Sell the Property

Laura McChesney

Preferred Properties (KW) License #494597 Listed on: 09/25/2021

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,338

Year Built

  • Built in 1938

Lot Details

  • 2,088 Sq Ft Lot
  • Fenced
  • Property is zoned HHDR - Historic High Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 977 Sq Ft Home
  • Ceiling Fan
  • Wood Flooring
  • Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Utilities

  • Cooling System Mounted To A Wall/Window
  • Heat Pump System
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Webb Realty Co Sub Subdivision
  • Rental Restrictions

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00011460-000000

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,338

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 1
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 1338.44
  • Title: Negotiable
  • Year Built: 1938
  • Alternate Key Number: 1011762
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Heat Pump
  • Lot Sq Ft: 2088.00
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 977.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Range, Washer, Refrigerator
  • Floor: Other, Wood
  • Windows/Doors: Other Windows/Doors
  • Total Bedrooms: 2
  • Sq Ft Remarks: Sq ft from existing survey. Buyer to verify.

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00011460-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.05

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 25, 2021
Closed on
Nov 16, 2021
Sold by
Bruno Joseph A and Mcgrath Dorothy
Bought by
Gardiner Tracey and Gardiner Clive A
Seller's Agent
Laura McChesney
Preferred Properties (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$745,000
Sold Price
$775,000
Premium/Discount to List
$30,000
4.03%
Current Estimated Value
$1,284,263

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$509,263
Avg. Annual Appreciation
13.04%
Original Mortgage
$620,000
Outstanding Balance
$591,068
Interest Rate
2.99%
Mortgage Type
New Conventional
Estimated Equity
$637,597

Purchase Details

Closed on
Apr 8, 1994
Sold by
1St Congregational Society
Bought by
Bruno Carl J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,250
Interest Rate
7.47%
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
Gardiner Tracey $775,000 Attorney
Bruno Carl J $105,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Gardiner Tracey $620,000
Previous Owner Bruno Carl J $50,000
Previous Owner Bruno Carl J $150,100
Previous Owner Bruno Carl J $50,000
Previous Owner Bruno Carl J $99,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/16/2021 11/16/21 Sold $775,000 +4.0% $793 / Sq Ft
09/25/2021 09/25/21 For Sale $745,000 -- $763 / 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 $6,185 $747,020 -- --
2023 $6,185 $725,263 $0 $0
2022 $5,919 $704,139 $531,187 $172,952
2021 $1,363 $147,417 $0 $0
2020 $1,338 $145,382 $0 $0
2019 $1,314 $142,114 $0 $0
2018 $1,300 $139,465 $0 $0
2017 $1,289 $136,597 $0 $0
2016 $1,309 $133,788 $0 $0
2015 $1,335 $132,858 $0 $0
2014 $1,359 $131,804 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 597875

Florida Keys Board of REALTORS®

APN: 00011460-000000