NOT LISTED FOR SALE

724 Simonton St Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,097,000 - $1,394,000

2 Beds
2 Baths
1,100 Sq Ft
$1,131/Sq Ft Est. Value

Last Sold October 19, 2023

Last sale price $1,225,000 $1,114 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,923/month

112 Days on Market

About This Home

As of October 2023

Historical Cigar Cottage Built in 1908 in the center of Old Town Key West. Recently enhanced with coastal modern furnishings by a renowned designer, boasting clean lines and vintage woodwork. This cozy cottage has a typical Key West porch where you can sit and people watch. There are 2 bedroom with 2 bathrooms, one up and one down and a great cooks kitchen in the center of the main floor. French doors lead to very private romantic backyard setting. This home is in a transient receivership location. If you are looking for an monthly income property, look no further and if you are able to acquire a transient license you will have home a home run.Estimated non-owner occupancy after the first year 203,892 and 109,500 with owner occupancy during peak months.

Last Agent to Sell the Property

Key West Luxury Finders

Preferred Properties (KW) License #3028945 Listed on: 06/08/2023

Co-Listed By

Jeffrey Grosky

Preferred Properties (KW) License #3271707

Last Buyer's Agent

Team Kaufelt

Truman & Co. (KW) License #00000

Home Details

Home Type

Single Family

Year Built

1918

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • 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
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 4519.75
  • Year Built: 1918
  • Alternate Key Number: 1016161
  • Building Style: Cigar Maker
  • Lot Sq Ft: 1641.00
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1100.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 1
  • Appliances: Washer, Stainless Steel Appliance(s), Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Half Bathrooms: 1
  • Total Bedrooms: 2
  • Sq Ft Remarks: Seller added a room and bath.

Exterior Features

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

Utilities

  • Utilities: FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00015790-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.04

Rental Info

  • Rentals Allowed: With Restrictions

Tax Info

  • Tax Year: 2022

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 3, 2006
Sold by
Thimis Angela T and Baxter Joseph C
Bought by
Hoppa Scott J and Hoppa Karen I
Current Estimated Value
$1,243,795

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$605,600
Outstanding Balance
$333,785
Interest Rate
6.04%
Mortgage Type
New Conventional
Estimated Equity
$910,010

Purchase Details

Closed on
Jul 6, 2001
Sold by
Rodney T Ross I
Bought by
Thimis Angela T

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$236,162
Interest Rate
7.17%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 26, 1999
Sold by
Weavil Weavil B and Weavil B
Bought by
Ross Rodney T and Charleston Gregory W

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$140,000
Interest Rate
6.84%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 1998
Sold by
Olsen Norman C and Olsen Mills W
Bought by
Weavil B S and Weavil Burns B

Purchase Details

Closed on
Feb 1, 1988
Bought by
Hoppa Scott J and Hoppa Karen I

Purchase Details

Closed on
Jun 1, 1981
Bought by
Hoppa Scott J and Hoppa Karen I
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
Hoppa Scott J $757,000 Southernmost Title Inc
Thimis Angela T $285,000 --
Ross Rodney T $235,000 --
Weavil B S $212,000 --
Hoppa Scott J $125,000 --
Hoppa Scott J $106,700 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hoppa Scott J $605,600
Previous Owner Weavil B S $50,000
Previous Owner Weavil B S $236,162
Previous Owner Weavil B S $140,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/19/2023 10/19/23 Sold $1,225,000 -5.4% $1,114 / Sq Ft
09/28/2023 09/28/23 Pending -- -- --
06/08/2023 06/08/23 For Sale $1,295,000 -- $1,177 / 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
2025 $4,645 $568,213 -- --
2024 $5,152 $552,200 -- --
2023 $5,152 $678,079 $511,834 $166,245
2022 $4,520 $566,553 $396,597 $169,956
2021 $4,031 $411,482 $293,332 $118,150
2020 $4,019 $411,876 $291,087 $120,789
2019 $4,028 $409,480 $306,801 $102,679
2018 $3,813 $377,600 $272,504 $105,096
2017 $3,625 $353,116 $0 $0
2016 $3,490 $317,277 $0 $0
2015 $3,498 $318,779 $0 $0
2014 $3,367 $299,251 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Key West Luxury Finders

    Seller's Agent in 2023

    Key West Luxury Finders

    Preferred Properties (KW)

    (305) 240-0355

    32 in this area

    71 Total Sales

    Key West Luxury Finders
    Section Image

  • J

    Seller Co-Listing Agent in 2023

    Jeffrey Grosky

    Preferred Properties (KW)

    (305) 304-6868

    15 in this area

    33 Total Sales

    Jeffrey Grosky
    Section Image
  • Team Kaufelt

    Buyer's Agent in 2023

    Team Kaufelt

    Truman & Co. (KW)

    (305) 393-1267

    91 in this area

    185 Total Sales

    Team Kaufelt
    Section Image
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Map

Source: Key West Association of REALTORS®

MLS Number: 605609

Key West Association of REALTORS®

APN: 00015790-000000

Florida Monroe County Key West 33040 Old Town

724 Simonton St, Key West, FL

Not Listed for Sale

Detached

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