$3,675,000
SOLD JUN 23, 2016
5 Beds
5 Baths
5,543 Sq Ft
0.32 Acres

Recently Sold

$663 Per Sq Ft

25% Below List Price

182 Days on Market

Highlights

  • Concrete Pool
  • Marble Flooring
  • Outdoor Kitchen
  • 0.32 Acre Lot
  • Cathedral Ceiling
  • Furnished

About This Home

As of March 2020

Absolutely gorgeous 5BR/5BA home completely rebuilt from ground up and resting on estate-sized lot in the heart of the Historic District. Luxurious, modern interior boasts open floor plan featuring enormous state-of-the-art kitchen w/Wolf & Sub-Zero appliances, new marble floors, lavish master suite, 3 guest bedrooms w/gorgeous ensuite bathrooms, large artist studio, exercise room & walls of new sliding glass impact doors & windows. Exterior features fabulously relaxed outdoor setting w/spectacular living area, multiple covered porches & a built-in barbecue / entertaining kitchen next to what is one of Key West's largest residential pools. Privacy walls provide additional peace & security behind the lush gardens and their meandering boardwalk pathways. The off-street parking & prime locat

Last Agent to Sell the Property

Lynn Kaufelt

Truman & Co. (KW) License #495398 Listed on: 11/17/2015

Co-Listed By

Roger Emmons

Truman & Co. (KW) License #608452

Last Buyer's Agent

Gary Thomas

Dunaway McKenzie Realtors (KW)

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $26,961

Year Built

  • Built in 1933

Lot Details

  • 0.32 Acre Lot
  • Privacy Fence
  • Fenced
  • Sprinkler System
  • Property is zoned HHDR - Historic High Density Residential

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 5,543 Sq Ft Home
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Sliding Doors

Kitchen

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

Flooring

  • Marble
  • Tile

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Split Bedroom Floorplan
  • Walk-In Closet
  • 5 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Impact Glass
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool

Outdoor Features

  • Patio
  • Outdoor Kitchen
  • Lanai
  • Exterior Lighting
  • Outdoor Storage
  • Attached Grill

Utilities

  • Central Air
  • Propane

Community Details

  • No Home Owners Association
  • Old Town Unlisted Subdivision

Listing and Financial Details

  • Homestead Exemption

Home Details

Home Type

Single Family

Est. Annual Taxes

$26,961

Year Built

Built in 1933

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Single Family
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Document Count: 1
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 26961.20
  • Title: Negotiable
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1933
  • Alternate Key Number: 1020036
  • Cooling Heating: Ceiling Fans(s), Heat, Central Air
  • Lot Sq Ft: 13785.00
  • Pool Info: Concrete, In Ground
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 5543.00
  • Special Features: None
  • Property Sub Type: Detached
  • Stories: 2

Interior Features

  • Interior Amenities: Built-in Cabinets, Smoke Alarms, Walk-in Closet(s), Split Bedroom, Other, Granite Counter Top, Cathedral Ceilings
  • Total Bathrooms: 5.00
  • Full Bathrooms: 5
  • Appliances: Dishwasher, Washer, Wine Cooler, Stainless Steel Appliance(s), Range, Refrigerator, Oven, Dryer
  • Floor: Marble, Tile
  • Windows/Doors: Impact Rstnce Window, Sliding Glass Doors, Other Windows/Doors
  • Appliances Other: YES
  • Total Bedrooms: 5

Exterior Features

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

Utilities

  • Utilities: FKAA, Propane, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Land Size: 1/4 - 1/2 Acre
  • Acres: 0.32

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2015

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
$7,857,644

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,157,644
Avg. Annual Appreciation
9.53%

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 Type Sale Price Title Company
Warranty Deed $4,700,000 None Listed On Document
Warranty Deed $4,700,000 None Listed On Document
Warranty Deed $3,670,000 None Available
Interfamily Deed Transfer -- Attorney
Quit Claim Deed $100 --
Interfamily Deed Transfer -- Attorney
Warranty Deed $2,260,000 Attorney
Warranty Deed $1,800,000 --
Warranty Deed $195,000 --
Quit Claim Deed $100 --
Warranty Deed $110,000 --
Deed $9,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $3,289,500 New Conventional
Previous Owner $2,752,500 Adjustable Rate Mortgage/ARM
Previous Owner $700,000 New Conventional
Previous Owner $175,500 New Conventional
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: 122429

Florida Keys Board of REALTORS®

APN: 00019350-000000