NOT LISTED FOR SALE

7 W Cypress Terrace Key West, FL 33040

Estimated Value: $1,621,000 - $1,845,000

3 Beds
2 Baths
1,870 Sq Ft
$942/Sq Ft Est. Value

Last Sold October 31, 2023

Last sale price $1,664,700 $890 Per Sq Ft

Est. 6% increase in value since last sale

Current estimated payment $10,097/month

186 Days on Market

About This Home

As of October 2023

Enjoy quintessential waterfront Keys living connected to the coveted Key Haven Cypress Lake. This 3 bed 2 bath concrete block home with a heated/chilled pool sits on a wide deep water canal with easy access to the Gulf and Atlantic. Enjoy lounging outside under the tiki hut with a built-in grill, TV and fridge. There is a convenient outdoor hot shower to rinse off after your days and nights of fun. The home has an open flowing floor plan and seamless indoor/outdoor living. The recently remodeled master suite includes a large jacuzzi tub. The windows and doors are hurricane impact rated and the metal roof was replaced in 2018. There is a 50 amp outlet and room to store your RV within the gated driveway as well as having a garage to boot. The 70 ft. seawall was completely rebuilt in 2015 with a 14,000 lb boat lift. Call or text to schedule a private showing.

Last Agent to Sell the Property

Lauren Wilson

LoKation Real Estate License #3409311 Listed on: 03/23/2023

LoKation Real Estate

Last Buyer's Agent

Saltwater Group

Saltwater Real Estate Florida Keys, Inc

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,956

Year Built

1976

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
  • Control Depth: 4
  • Dockage Seawall: Concrete
  • Document Count: 1
  • Fee Includes: None
  • Key Island: Key Haven
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 5.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 5791.24
  • Vehicle Storage: Garage, RV Parking Open, Attached
  • Year Built: 1976
  • Alternate Key Number: 1173185
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 7350.00
  • Pool Info: In Ground, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Unknown
  • Building Style Stories: 1 Story
  • Estimated Living Sq Ft: 1870.00
  • Pool Info Other: Cooling
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Entrance Foyer, Whirlpool Bath Tub, Walk-in Closet(s), Smoke Alarms, Sky Light(s), Granite Counter Top
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Washer, Freezer, Disposal, Oven, Refrigerator, Dishwasher, Dryer
  • Floor: Tile
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Impact Rstnce Window, Impact Rstnce Doors
  • Total Bedrooms: 3

Exterior Features

  • Dockage: Boat Lift
  • Waterfront: Canal Front
  • Waterfront: Yes
  • Construction: CBS
  • Exterior Features: Bar, Privacy Wall/Fence, Outdoor Shower, Fencing, Chickee Hut, Built-in Grill
  • Roof: Metal Roof
  • Waterview: Canal View
  • Pool: Yes

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Parcel Number: 00139010-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.17

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2023
Closed on
Oct 31, 2023
Sold by
Alice Faye Bice Living Trust and Bice Kenneth S
Bought by
Gosselin Edmond T and Gosselin Heidi L
Seller's Agent
Lauren Wilson
LoKation Real Estate
Buyer's Agent
Saltwater Group
Saltwater Real Estate Florida Keys, Inc
List Price
$2,199,000
Sold Price
$1,664,700
Premium/Discount to List
-$534,300
-24.3%
Views
491
Current Estimated Value
$1,762,087

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$97,387
Avg. Annual Appreciation
3.48%

Purchase Details

Closed on
Aug 28, 2014
Sold by
Bice Kenneth S and Bice Alice Faye
Bought by
Alice Faye Bice Living Trust and Bice Kenneth Scot

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$200,000
Interest Rate
3.33%
Mortgage Type
New Conventional

Purchase Details

Listed on
Sep 16, 2013
Closed on
Jun 13, 2014
Sold by
Alvarez Ray and Alvarez Rose G
Bought by
Bice Kenneth S and Bice Alice Faye
Seller's Agent
Team Spottswood/Vazquez
Truman & Co. (KW)
Buyer's Agent
Ocean Sotheby's International Realty
List Price
$739,000
Sold Price
$690,000
Premium/Discount to List
-$49,000
-6.63%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.79%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Gosselin Edmond T $1,664,700 None Listed On Document
Alice Faye Bice Living Trust -- Attorney
Bice Kenneth S $690,000 Attorney
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Bice Alice Faye $300,000
Previous Owner Bice Kenneth S $200,000
Previous Owner Alvarez Ray $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/31/2023 10/31/23 Sold $1,664,700 -7.0% $890 / Sq Ft
09/29/2023 09/29/23 Price Changed $1,790,000 -5.3% $957 / Sq Ft
09/06/2023 09/06/23 Price Changed $1,890,000 -0.3% $1,011 / Sq Ft
06/27/2023 06/27/23 Price Changed $1,895,000 -2.8% $1,013 / Sq Ft
05/23/2023 05/23/23 Price Changed $1,950,000 -2.5% $1,043 / Sq Ft
05/03/2023 05/03/23 Price Changed $1,999,000 -9.1% $1,069 / Sq Ft
03/23/2023 03/23/23 For Sale $2,199,000 +218.7% $1,176 / Sq Ft
06/13/2014 06/13/14 Sold $690,000 -6.6% $369 / Sq Ft
05/20/2014 05/20/14 Pending -- -- --
09/16/2013 09/16/13 For Sale $739,000 -- $395 / Sq Ft
Source: Key West Association 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 $5,956 $1,453,229 $1,070,160 $383,069
2023 $5,956 $691,290 $0 $0
2022 $5,791 $671,156 $0 $0
2021 $5,982 $651,608 $0 $0
2020 $5,954 $642,612 $0 $0
2019 $5,840 $628,165 $0 $0
2018 $5,882 $616,453 $0 $0
2017 $5,711 $603,774 $0 $0
2016 $5,753 $591,356 $0 $0
2015 $5,922 $587,245 $0 $0
2014 $2,932 $280,691 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Lauren Wilson

    LoKation Real Estate

    Section Image

  • S

    Buyer's Agent in 2023

    Saltwater Group

    Saltwater Real Estate Florida Keys, Inc

    (305) 587-8918

    19 Total Sales

    Section Image
  • Team Spottswood/Vazquez

    Seller's Agent in 2014

    Team Spottswood/Vazquez

    Truman & Co. (KW)

    (305) 395-1777

    344 Total Sales

    Section Image
  • Terri Spottswood

    Seller Co-Listing Agent in 2014

    Terri Spottswood

    Truman & Co. (KW)

    (305) 395-2360

    342 Total Sales

    Section Image

  • T

    Buyer's Agent in 2014

    Tracey Gardiner

    Ocean Sotheby's International Realty

See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 604681

Key West Association of REALTORS®

APN: 00139010-000000

Florida Monroe County Key West 33040

7 W Cypress Terrace, Key West, FL

This home is located at 7 W Cypress Terrace, Key West, FL 33040 since 23 March 2023 and is currently estimated at $1,762,087, approximately $942 per square foot. This property was built in 1976. 7 W Cypress Terrace is a home located in Monroe County with nearby schools including Gerald Adams Elementary School and Key West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Key West Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

Nearby Homes