NOT LISTED FOR SALE

725 Chapman Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $938,863 - $1,272,000

2 Beds
2 Baths
1,046 Sq Ft
$1,046/Sq Ft Est. Value

Last Sold October 06, 2020

Last sale price $565,000 $540 Per Sq Ft

Est. 94% increase in value since last sale

Current estimated payment $6,316/month

98 Days on Market

Highlights

  • Shotgun Architecture
  • No HOA
  • Ceiling Fan
  • Wood Flooring
  • Screened Balcony
  • Fenced

About This Home

As of October 2020

Charming Key West Shotgun house located within minutes (walking) of Ft Zach and the Truman Waterfront Park. Lots of wood-floors, walls, ceilings. Some of the flooring is tile and vinyl. The house is very liveable but updating it could make it a lovely example of Key West charm. The front has two rooms, one of which is being used as a bedroom and the other as a den/living space. The middle area is a eat-in kitchen and bathroom. The back has two screened porches, a large room that could be the master BR and an unfinished bathroom next to it. This area would make a wonderful private master suite. The yard is fenced and has lovely trees. Several of the homes on the lane are in the process of renovation and many have already been upgraded. Sellers may want to remain in the home until June.

Last Agent to Sell the Property

Anne Barnett

Southernmost Island Realty License #3380822 Listed on: 02/04/2020

Co-Listed By

Lisa Rapp

Southernmost Island Realty License #BK3210459

Last Buyer's Agent

Anne Barnett

Southernmost Island Realty License #3380822

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $1,557

Year Built

  • Built in 1928

Lot Details

  • 2,646 Sq Ft Lot
  • Fenced
  • Property is zoned HMDR - Historic Medium Density Residential

Parking

  • Open Parking

Home Design

  • Shotgun Architecture
  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 1,046 Sq Ft Home
  • Ceiling Fan
  • Oven

Flooring

  • Wood
  • Vinyl

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Outdoor Features

  • Screened Balcony

Utilities

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

Community Details

  • No Home Owners Association
  • Key West Realty Cos Sub Subdivision

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$1,557

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: Other
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 3.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 1557.47
  • Title: Title Ins - Seller
  • Vehicle Storage: Open Parking
  • Year Built: 1928
  • Alternate Key Number: 1013951
  • Building Style: Conch, Shotgun
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s)
  • Lot Sq Ft: 2646.00
  • Porch Balcony: Open Porch/Balcony, Screened P/B
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 1046.00
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dryer, Oven, Washer, Refrigerator
  • Floor: Vinyl, Wood
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Security: No Security
  • Utilities: Cable Available, Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

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

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 4, 2020
Closed on
Oct 6, 2020
Sold by
Trego Philip M and Dolezal Brendan J
Bought by
Nelson Drew A and Nelson Jennifer L
Seller's Agent
Anne Barnett
Southernmost Island Realty
Buyer's Agent
Anne Barnett
Southernmost Island Realty
List Price
$610,000
Sold Price
$565,000
Premium/Discount to List
-$45,000
-7.38%
Current Estimated Value
$1,093,966

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$528,966
Avg. Annual Appreciation
14.53%
Original Mortgage
$452,000
Outstanding Balance
$403,843
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$706,620

Purchase Details

Closed on
Jul 18, 1997
Sold by
Gaines Ruth L
Bought by
Trego Philip M and Dolezal Brendan J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$111,200
Interest Rate
7.87%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 1, 1988
Bought by
Trego Philip M

Purchase Details

Closed on
Oct 1, 1987
Bought by
Trego Philip M

Purchase Details

Closed on
May 1, 1986
Bought by
Trego Philip M
Source: Public Records

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
Nelson Drew A $565,000 First International Title
Trego Philip M $139,000 --
Trego Philip M $93,500 --
Trego Philip M $75,000 --
Trego Philip M $30,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Nelson Drew A $452,000
Previous Owner Trego Philip M $103,500
Previous Owner Trego Philip M $111,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/06/2020 10/06/20 Sold $565,000 -7.4% $540 / Sq Ft
05/12/2020 05/12/20 Pending -- -- --
02/04/2020 02/04/20 For Sale $610,000 -- $583 / 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 $6,189 $881,212 $785,862 $95,350
2023 $6,189 $894,953 $807,030 $87,923
2022 $4,916 $578,750 $489,510 $89,240
2021 $4,572 $473,310 $396,900 $76,410
2020 $1,585 $173,655 $0 $0
2019 $1,557 $169,751 $0 $0
2018 $1,545 $166,586 $0 $0
2017 $1,532 $163,160 $0 $0
2016 $1,561 $159,805 $0 $0
2015 $1,593 $158,694 $0 $0
2014 $1,625 $157,435 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • A

    Seller's Agent in 2020

    Anne Barnett

    Southernmost Island Realty

  • L

    Seller Co-Listing Agent in 2020

    Lisa Rapp

    Southernmost Island Realty

See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 589633

Florida Keys Board of REALTORS®

APN: 00013570-000000

Florida Monroe County Key West 33040 Old Town

725 Chapman Ln, Key West, FL

This home is located at 725 Chapman Ln, Key West, FL 33040 since 04 February 2020 and is currently estimated at $1,093,966, approximately $1,045 per square foot. This property was built in 1928. 725 Chapman Ln is a home located in Monroe County with nearby schools including Gerald Adams Elementary School, Key West High School, and May Sands Montessori School.

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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