NOT LISTED FOR SALE

714 Olivia St Unit 11 Key West, FL 33040

Old Town Neighborhood

Estimated Value: $637,622 - $741,000

1 Bed
1 Bath
718 Sq Ft
$533/mo HOA Fee

Last Sold March 31, 2021

Last sale price $450,000 $627 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $4,523/month

45 Days on Market

Highlights

  • Concrete Pool
  • Furnished
  • Granite Countertops

About This Home

As of March 2021

Welcome to ''Ibis'' currently a monthly vacation rental at the Colony condominium community. This 1 bedroom, 1 bath unit with a loft includes furnishings & future bookings. The Colony is a small enclave of 11 units sharing a wonderful community pool and just a few blocks off Duval St at the intersection of Olivia St. A rare opportunity to purchase a turn-key rental property under $500,000 in Old Town Key West.

Last Agent to Sell the Property

Caroline Bauer

Key West Sales, LLC License #3011030 Listed on: 01/19/2021

Co-Listed By

Robin Van Mater

At Home in Key West, Inc. License #654348

Last Buyer's Agent

Caroline Bauer

Ocean Sotheby's International Realty

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $3,268

Year Built

  • Built in 1943

Lot Details

  • 0.36

HOA Fees

  • $533 Monthly HOA Fees

Parking

  • Open Parking

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 718 Sq Ft Home
  • Furnished
  • Blinds

Kitchen

  • Microwave
  • Granite Countertops

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Pool

  • Concrete Pool
  • In Ground Pool

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00020460-000111

Community Details

Overview

  • Association fees include bldg exterior mnt, water, sewer, common area mnt, building insurance
  • Old Town Unlisted Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed with Restrictions

Property Details

Home Type

Condominium

Est. Annual Taxes

$3,268

Year Built

Built in 1943

Lot Details

0

HOA Fees

$533 per month

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 1600.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Other, Water, Sewer, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 3267.93
  • Title: Negotiable
  • Vehicle Storage: Open Parking
  • Year Built: 1943
  • Alternate Key Number: 9080372
  • Cooling Heating: Wall/Window Unit(s)
  • Pool Info: Concrete, In Ground
  • Association Maintenance Fee Per: Quarterly
  • Association Info Condo Docs: Yes
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: YES
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 718.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Granite Counter Top
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Microwave, Refrigerator
  • Appliances Other: Cooktop
  • Total Bedrooms: 1

Exterior Features

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

Utilities

  • Utilities: Elect Separate Meter

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X,0.2 PCT ANNUAL CHA
  • Parcel Number: 00020460-000111
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Furnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2021
Closed on
Mar 31, 2021
Sold by
Insite Key West Llc
Bought by
Schiltz Peter and Schiltz Rebecca
Seller's Agent
Caroline Bauer
Key West Sales, LLC
Buyer's Agent
Caroline Bauer
Ocean Sotheby's International Realty
List Price
$485,000
Sold Price
$450,000
Premium/Discount to List
-$35,000
-7.22%
Current Estimated Value
$688,156

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$238,156
Avg. Annual Appreciation
9.48%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
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
Schiltz Peter $450,000 Florida Title Professional
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/31/2021 03/31/21 Sold $450,000 -7.2% $627 / Sq Ft
03/05/2021 03/05/21 Pending -- -- --
01/19/2021 01/19/21 For Sale $485,000 -- $675 / 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 $4,490 $922,750 -- $922,750
2024 $4,163 $488,731 -- $488,731
2023 $4,163 $442,042 $0 $442,042
2022 $3,894 $417,680 $0 $417,680
2021 $3,750 $379,395 $0 $379,395
2020 $3,723 $413,895 $0 $413,895
2019 $3,268 $323,272 $0 $323,272
2018 $3,323 $323,272 $0 $0
2017 $3,376 $323,272 $0 $0
2016 $3,549 $323,272 $0 $0
2015 $3,644 $323,272 $0 $0
2014 $3,666 $323,272 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Caroline Bauer

    Seller's Agent in 2021

    Caroline Bauer

    Key West Sales, LLC

    (305) 731-3926

    26 in this area

    76 Total Sales

    Caroline Bauer
    Section Image

  • R

    Seller Co-Listing Agent in 2021

    Robin Van Mater

    At Home in Key West, Inc.

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 594253

Florida Keys Board of REALTORS®

APN: 00020460-000111

Florida Monroe County Key West 33040 Old Town

714 Olivia St Unit 11, Key West, FL

Not Listed for Sale

Condos

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