NOT LISTED FOR SALE

Estimated Value: $7,131,000 - $8,637,148

6 Beds
7 Baths
5,632 Sq Ft
$1,384/Sq Ft Est. Value

Last Sold March 02, 2020

Last sale price $4,700,000 $835 Per Sq Ft

Est. 68% increase in value since last sale

Current estimated payment $47,274/month

392 Days on Market

Highlights

  • Concrete Pool
  • Marble Flooring
  • Cathedral Ceiling
  • Deck
  • Key West Architecture
  • Outdoor Kitchen

About This Home

As of March 2020

From bodega to bodacious - two historic homes have been joined to create an unforgettable blend of vintage charm and contemporary luxury. Spacious gathering room opens into chef's kitchen and dining areas with walls of windows with garden views. The step-down living room has a picture perfect perspective of the resort-style tropical garden designed by Craig Reynolds with 40' X 18' heated pool. The lanai includes seating area, dining, outdoor kitchen, and cabana bath. Sophisticated master suite with sitting area and huge en-suite with soaking tub which opens to the rooftop deck. There is a second master suite in the west wing with equally compelling garden views.

Last Agent to Sell the Property

Gary Thomas

Preferred Properties (KW) License #644152 Listed on: 01/30/2019

Co-Listed By

Key West Luxury Finders

Preferred Properties (KW) License #3028945

Last Buyer's Agent

Joanne Allen

Lands End Realty of Key West (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $28,411

Year Built

  • Built in 1933 | Remodeled

Lot Details

  • Privacy Fence
  • Fenced
  • Sprinkler System
  • Property is zoned HDR - High Density Residential

Home Design

  • Key West Architecture
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 5,632 Sq Ft Home
  • Furnished
  • Bar
  • Cathedral Ceiling
  • Ceiling Fan
  • Some Wood Windows
  • Blinds
  • Sliding Doors
  • Entrance Foyer
  • Storage
  • Home Gym

Kitchen

  • Oven
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Wine Cooler
  • Stainless Steel Appliances
  • Granite Countertops
  • Built-In or Custom Kitchen Cabinets
  • Disposal

Flooring

  • Wood
  • Marble
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Walk-In Closet
  • 7 Full Bathrooms
  • Whirlpool Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Home Security System
  • Intercom
  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Automatic Garage Door Opener
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Balcony
  • Deck
  • Patio
  • Outdoor Water Feature
  • Outdoor Kitchen
  • Lanai
  • Exterior Lighting
  • Shed
  • Attached Grill

Utilities

  • Central Air
  • Whole House Permanent Generator
  • Propane
  • Public Hookup Available For Sewer
  • Cable TV Available

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Minimum Rental Period: 28

Home Details

Home Type

Single Family

Est. Annual Taxes

$28,411

Year Built

Built in 1933 | Remodeled

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Document Count: 3
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • Min Rental Days: 28.00
  • M L S Identifier: 20060123165453488875000000
  • Off Shore Island: No
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 28411.00
  • Title: Title Ins - Buyer
  • Vehicle Storage: Auto Door Opener, Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1933
  • Alternate Key Number: 1020036
  • Building Style: Conch
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 13.60
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Deck, Roof Top Deck, Patio, Open Porch/Balcony
  • Shutters: Other
  • Species List: No
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • Estimated Living Sq Ft: 5632.00
  • Pool Info Other Surroundings: Fountains
  • Financial Status Auction: No
  • Financial Status Standard Sale: Yes
  • Property Condition: Updated/Remodeled
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Interior Amenities: Bar, Window Treatments, Security System, Whirlpool Bath Tub, Walk-in Closet(s), Storage, Smoke Alarms, Granite Counter Top, Intercom, Drapes/Blinds Incl, Entrance Foyer, Cathedral Ceilings, Built-in Cabinets
  • Total Bathrooms: 7.00
  • Full Bathrooms: 7
  • Appliances: Dishwasher, Wine Cooler, Washer, Stainless Steel Appliance(s), Range, Refrigerator, Oven, Microwave, More Appliances, Freezer, Gas Appliances, Dryer, Disposal
  • Floor: Marble, Wood, Tile
  • Specialty Rooms: Gym, Laundry Room
  • Windows/Doors: Glass Doors, Wood Windows, Impact Rstnce Doors
  • Total Bedrooms: 6
  • Sq Ft Remarks: See Attached Building Sketch in Documents

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Bar, Water Display, Storage, Shed, Sprinkler System, Privacy Wall/Fence, Outdoor Kitchen, Lanai, Lighting, Fencing, Built-in Grill
  • Roof: Metal Roof, Other Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Security: Other
  • Utilities: Cable Available, Whole House Generatr, Propane, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: AE
  • Lot Size: 13,595.00
  • Land Size: 1/4 - 1/2 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2018

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 30, 2019
Closed on
Mar 2, 2020
Sold by
Mario Revocable Trust
Bought by
Rajan Samuel and Rajan Kristen
Seller's Agent
Gary Thomas
Preferred Properties (KW)
Buyer's Agent
Joanne Allen
Lands End Realty of Key West (KW)
List Price
$5,750,000
Sold Price
$4,700,000
Premium/Discount to List
-$1,050,000
-18.26%
Current Estimated Value
$7,889,091

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,189,091
Avg. Annual Appreciation
9.81%

Purchase Details

Listed on
Nov 17, 2015
Closed on
Jun 23, 2016
Sold by
Selka Stephen L
Bought by
Mario Ernest and Mario Mildred Martha
Seller's Agent
Lynn Kaufelt
Truman & Co. (KW)
Buyer's Agent
Gary Thomas
Dunaway McKenzie Realtors (KW)
List Price
$4,895,000
Sold Price
$3,675,000
Premium/Discount to List
-$1,220,000
-24.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.89%
Original Mortgage
$2,752,500
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 20, 2013
Sold by
Selka Stephen L and Hollabaugh Elise
Bought by
Selka Stephen L and Stephen L Selka Revocable Trust

Purchase Details

Closed on
Dec 13, 2013
Bought by
Mario Revocable Trust 10/23/1996

Purchase Details

Closed on
Jan 2, 2013
Sold by
Selka Stephen L
Bought by
Selka Stephen L and Hollabaugh Elise

Purchase Details

Closed on
Apr 14, 2006
Sold by
Eberstadt Frederich and Eberstadt Isabel N
Bought by
Selka Stephen L and Stephen L Selka Revocable Trust

Purchase Details

Closed on
Dec 13, 2001
Sold by
Phillip Smith M
Bought by
Eberstadt Frederich and Eberstadt Isabel N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 9, 1997
Sold by
Key Florence E
Bought by
Smith Phillip M and Smith Antonia B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$175,500
Interest Rate
7.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 3, 1996
Sold by
Salvadore Claudia and Tolan Ray
Bought by
Smith Phillip M and Smith Antonia B

Purchase Details

Closed on
May 1, 1983
Bought by
Mario Revocable Trust 10/23/1996

Purchase Details

Closed on
Feb 1, 1972
Bought by
Mario Revocable Trust 10/23/1996
Source: Public Records

Range of Values:

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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
Rajan Samuel $4,700,000 None Listed On Document
Rajan Samuel $4,700,000 None Listed On Document
Mario Ernest $3,670,000 None Available
Selka Stephen L -- Attorney
Mario Revocable Trust 10/23/1996 $100 --
Selka Stephen L -- Attorney
Selka Stephen L $2,260,000 Attorney
Eberstadt Frederich $1,800,000 --
Smith Phillip M $195,000 --
Smith Phillip M $100 --
Mario Revocable Trust 10/23/1996 $110,000 --
Mario Revocable Trust 10/23/1996 $9,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Rajan Samuel $3,289,500
Previous Owner Mario Ernest $2,752,500
Previous Owner Smith Phillip M $700,000
Previous Owner Smith Phillip M $175,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2020 03/02/20 Sold $4,700,000 0.0% $835 / Sq Ft
01/23/2020 01/23/20 Off Market $4,700,000 -- --
01/30/2019 01/30/19 For Sale $5,750,000 +56.5% $1,021 / Sq Ft
06/23/2016 06/23/16 Sold $3,675,000 -24.9% $663 / Sq Ft
05/17/2016 05/17/16 Pending -- -- --
11/17/2015 11/17/15 For Sale $4,895,000 -- $883 / 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 $44,452 $6,378,450 $2,598,005 $3,780,445
2023 $44,452 $6,153,438 $2,498,081 $3,655,357
2022 $38,240 $4,973,999 $1,598,772 $3,375,227
2021 $34,882 $3,885,662 $1,047,529 $2,838,133
2020 $37,873 $4,239,593 $952,602 $3,286,991
2019 $40,886 $4,849,131 $899,309 $3,949,822
2018 $29,282 $3,158,855 $826,032 $2,332,823
2017 $29,232 $3,097,289 $0 $0
2016 $27,827 $2,779,901 $0 $0
2015 $26,961 $2,619,091 $0 $0
2014 $21,984 $2,075,879 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 584145

Florida Keys Board of REALTORS®

APN: 00019350-000000