720 Simonton St Unit LR Key West, FL 33040
Old Town Neighborhood
1
Bed
1
Bath
660
Sq Ft
1,542
Sq Ft Lot
Highlights
- Spa
- Cathedral Ceiling
- No HOA
- Deck
- Furnished
- Stainless Steel Appliances
About This Home
As of January 2022Hidden 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 Agent to Sell the Property
Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 06/09/2021
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
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
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
$2,129,915
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
Similar Homes in Key West, FL
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
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $4,700,000 | Spottswood Spottswood Spottswo | |
| Warranty Deed | $1,450,000 | -- | |
| Quit Claim Deed | $884,500 | -- | |
| Warranty Deed | $1,175,000 | -- | |
| Warranty Deed | $330,000 | -- | |
| Deed | $110,000 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $2,350,000 | New Conventional | |
| Previous Owner | $1,160,000 | Fannie Mae Freddie Mac |
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
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
158 Total Sales
-
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
-
P
Seller's Agent in 2015
Paul Labossiere, Upper/Middle/Lower
Ocean Sotheby's International
Map
Source: Florida Keys Board of REALTORS®
MLS Number: 596473
APN: 00015880-000000
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