NOT LISTED FOR SALE

720 Simonton St Unit LR Key West, FL 33040

Old Town Neighborhood

Estimated Value: $2,867,000 - $5,396,000

1 Bed
1 Bath
660 Sq Ft
$6,633/Sq Ft Est. Value

Last Sold January 24, 2022

Last sale price $810,000 $1,227 Per Sq Ft

Est. 440% increase in value since last sale

Current estimated payment $26,994/month

187 Days on Market

Highlights

  • Spa
  • Cathedral Ceiling
  • No HOA
  • Deck
  • Furnished
  • Stainless Steel Appliances

About This Home

As of January 2022

Hidden gem in the heart of Old Town! Located only 1 short block to the middle of Duval Street, you can't beat the location for the price, to enjoy all that Key West has to offer. Tucked away on a short lane shrouded by a canopy of mature trees, amidst the bustle of one of the most popular streets in the country - this tranquil oasis can be yours. The home has a great sense of space, is bright and inviting and in superb move in ready condition. With decks off both the main living area and bedroom, there's absolute fenced privacy to enjoy your outdoor living area and hot tub as you would like. Offered entirely furnished, you can move right in or pursue lucrative vacation rentals as much as $6500 per month. Off street parking adds to the convenience of this terrific Old Town cottage. . .

Last Listed By

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 06/09/2021

Coldwell Banker Schmitt Real Estate Co. (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $4,628

Year Built

  • Built in 1948 | Remodeled

Lot Details

  • 1,542 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Home Design

  • Frame Construction

Interior Spaces

  • 660 Sq Ft Home
  • 1-Story Property
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Blinds
  • Tile Flooring
  • Fire and Smoke Detector

Kitchen

  • Range
  • Microwave
  • Stainless Steel Appliances

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Dryer
  • Washer

Parking

  • 1 Parking Space
  • Off-Street Parking

Outdoor Features

  • Spa
  • Balcony
  • Deck
  • Patio

Location

  • Ground Level

Utilities

  • Ductless Heating Or Cooling System
  • Separate Meters
  • Public Hookup Available For Sewer

Community Details

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Listing and Financial Details

  • Minimum Rental Period: 30
  • Assessor Parcel Number 00015870

Home Details

Home Type

Single Family

Est. Annual Taxes

$4,628

Year Built

Built in 1948 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • Additional Assessor Parcel Number 1: 00015870
  • Additional Assessor Parcel Number 2: 000100
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 3
  • 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
  • Min Rental Days: 30.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4628.00
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 1
  • Year Built: 1948
  • Alternate Key Number: 1016250
  • Building Style: Ground Level
  • Cooling Heating: Ceiling Fans(s), Ductless
  • Lot Sq Ft: 1542.00
  • Porch Balcony: Deck, Patio, Open Porch/Balcony
  • License Info: Non Trans Rntl Lic
  • License Info Number Of City License: 1
  • License Info Number Of County License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Building Style Stories: 1 Story
  • License Info Transient Rntl Licns: No
  • Estimated Living Sq Ft: 660.00
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Cathedral Ceilings, Smoke Alarms, Drapes/Blinds Incl
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dryer, Microwave, Washer, Stainless Steel Appliance(s), Refrigerator, Range
  • Floor: Tile
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Hot Tub
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: No
  • Flood Zone: X
  • Lot Size: See Survey
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 4, 2022
Sold by
Vergil Enterprises Llc
Bought by
One Of One-720D Simonton Llc
Total Days on Market
187
Current Estimated Value
$4,377,475

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,350,000
Outstanding Balance
$2,264,616
Interest Rate
5.7%
Mortgage Type
New Conventional
Estimated Equity
$2,112,859

Purchase Details

Closed on
Mar 22, 2006
Bought by
Vergil Enterprises Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,160,000
Interest Rate
6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jun 8, 2004
Sold by
Marcus Barbara and Burchfield Gary
Bought by
720 Simonton Llc

Purchase Details

Closed on
Apr 6, 2004
Bought by
Vergil Enterprises Llc

Purchase Details

Closed on
Sep 1, 1992
Bought by
Vergil Enterprises Llc

Purchase Details

Closed on
May 1, 1978
Bought by
Vergil Enterprises Llc

Range of Values:

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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
One Of One-720D Simonton Llc $4,700,000 Spottswood Spottswood Spottswo
Vergil Enterprises Llc $1,450,000 --
720 Simonton Llc $884,500 --
Vergil Enterprises Llc $1,175,000 --
Vergil Enterprises Llc $330,000 --
Vergil Enterprises Llc $110,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open One Of One-720D Simonton Llc $2,350,000
Previous Owner Vergil Enterprises Llc $1,160,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/24/2022 01/24/22 Sold $810,000 -3.6% $1,227 / Sq Ft
12/13/2021 12/13/21 Pending -- -- --
06/09/2021 06/09/21 For Sale $840,000 +71.4% $1,273 / Sq Ft
06/26/2015 06/26/15 Sold $490,000 -5.6% $742 / Sq Ft
04/28/2015 04/28/15 Pending -- -- --
12/15/2014 12/15/14 For Sale $519,000 -- $786 / 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 $29,900 $3,801,147 $1,597,320 $2,203,827
2023 $29,900 $3,464,110 $1,369,271 $2,094,839
2022 $17,218 $2,283,077 $1,037,475 $1,245,602
2021 $15,898 $1,842,467 $767,340 $1,075,127
2020 $14,808 $1,768,008 $761,468 $1,006,540
2019 $13,175 $1,468,228 $565,718 $902,510
2018 $12,662 $1,448,557 $530,483 $918,074
2017 $12,245 $1,459,067 $0 $0
2016 $12,556 $1,544,945 $0 $0
2015 $10,792 $1,125,169 $0 $0
2014 $10,217 $1,013,313 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Vic Musmanno

    Seller's Agent in 2022

    Vic Musmanno

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 304-2623

    15 in this area

    160 Total Sales

    Vic Musmanno
    Section Image
  • Everett Watkins

    Buyer's Agent in 2022

    Everett Watkins

    Keller Williams Key West Compass Realty

    (305) 304-4269

    17 in this area

    42 Total Sales

    Everett Watkins
    Section Image

  • P

    Seller's Agent in 2015

    Paul Labossiere, Upper/Middle/Lower

    Ocean Sotheby's International

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 596473

Florida Keys Board of REALTORS®

APN: 00015880-000000

Florida Monroe County Key West 33040 Old Town

720 Simonton St Unit LR, Key West, FL

Homes for Sale in Key West, FL

This home is located at 720 Simonton St Unit LR, Key West, FL 33040 since 09 June 2021 and is currently estimated at $4,377,475, approximately $6,632 per square foot. This property was built in 1948. 720 Simonton St Unit LR is a home located in Monroe County with nearby schools including Horace O'Bryant School, Key West High School, and Somerset Island Prep.

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.

Florida Keys Board 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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