NOT LISTED FOR SALE

716 Galveston Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $872,000 - $1,413,000

2 Beds
1 Bath
652 Sq Ft
$1,623/Sq Ft Est. Value

Sale Details

Date Sold: February 2, 2022

Last sale price $710,000 $1,089 Per Sq Ft

Est. 49% increase in value since last sale

Current estimated payment $6,134 / mo

64 Days on Market

About This Home

As of February 2022

Great opportunity in Old Town to buy and move in as-is or bring your dreams of remodeling and/or expanding! High elevation home located in current X-zone and almost 3,000 sq. ft. lot, plenty of room for a pool! Spacious off-street parking available and covered porch.

Last Agent to Sell the Property

Bob Cardenas

Coastal Collection Real Estate Inc. License #3406183 Listed on: 11/05/2021

Co-Listed By

Matthew Carlson

Realty ONE Group Destination License #3413493

Last Buyer's Agent

Dan Serban

Key West Luxury Real Estate Inc (KW) License #3313073

Home Details

Home Type

Single Family

Year Built

1929

Lot Details

3,049 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: Yes
  • Fee Includes: None
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Min Rental Days: 28.00
  • 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: 4676.22
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Year Built: 1929
  • Alternate Key Number: 1019631
  • Building Style: Conch
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 2903.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: No
  • Estimated Living Sq Ft: 652.00
  • Property Condition: Fixer Upper
  • 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: No Appliances
  • Total Bedrooms: 2

Exterior Features

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

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X
  • Parcel Number: 00018960-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 5, 2021
Closed on
Feb 2, 2022
Sold by
Brown Jr Milton M and Brown Veronica
Bought by
Martin Daniel Joseph and Hedges Sarah B
Seller's Agent
Bob Cardenas
Coastal Collection Real Estate Inc.
Buyer's Agent
Dan Serban
Key West Luxury Real Estate Inc (KW)
List Price
$799,900
Sold Price
$710,000
Premium/Discount to List
-$89,900
-11.24%
Current Estimated Value
$1,058,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$348,000
Avg. Annual Appreciation
9.94%
Original Mortgage
$639,000
Outstanding Balance
$589,185
Interest Rate
3.45%
Mortgage Type
New Conventional
Estimated Equity
$468,815

Purchase Details

Closed on
Oct 6, 2021
Sold by
Brown Veronica and Brown Milton M
Bought by
Brown Milton M and Brown Veronica

Purchase Details

Closed on
Jul 19, 2000
Sold by
Pr Dorethea Murrel and Estate Of Mary I Oliver
Bought by
Murrell Dorethea
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
Martin Daniel Joseph $710,000 Oropeza Stones Cardenas Pllc
Brown Milton M -- Accommodation
Murrell Dorethea -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Daniel Joseph $639,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
02/02/2022 02/02/22 Sold $710,000 -11.2% $1,089 / Sq Ft
01/08/2022 01/08/22 Pending -- -- --
11/05/2021 11/05/21 For Sale $799,900 -- $1,227 / Sq Ft
Source: Key West Association of REALTORS®

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 $6,763 $827,758 -- --
2024 $10,534 $804,430 -- --
2023 $10,534 $1,245,354 $1,143,056 $102,298
2022 $5,939 $801,513 $696,720 $104,793
2021 $5,170 $550,992 $478,995 $71,997
2020 $4,676 $487,126 $415,129 $71,997
2019 $4,517 $464,961 $391,905 $73,056
2018 $4,322 $434,087 $359,972 $74,115
2017 $4,392 $434,087 $0 $0
2016 $4,951 $470,516 $0 $0
2015 -- $463,878 $0 $0
2014 $4,604 $435,639 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Bob Cardenas

    Seller's Agent in 2022

    Bob Cardenas

    Coastal Collection Real Estate Inc.

    (305) 304-8292

    26 in this area

    86 Total Sales

    Bob Cardenas
    Section Image
  • Matthew Carlson

    Seller Co-Listing Agent in 2022

    Matthew Carlson

    Realty ONE Group Destination

    (612) 791-2345

    26 in this area

    90 Total Sales

    Matthew Carlson
    Section Image
  • Dan Serban

    Buyer's Agent in 2022

    Dan Serban

    Key West Luxury Real Estate Inc (KW)

    (305) 797-2352

    8 in this area

    88 Total Sales

    Dan Serban
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 598376

Key West Association of REALTORS®

APN: 00018960-000000

Florida Monroe County Key West 33040 Old Town

716 Galveston Ln, Key West, FL

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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.

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