NOT LISTED FOR SALE

816 Terry Ln Key West, FL 33040

Old Town Neighborhood

Estimated Value: $1,024,000 - $1,592,000

4 Beds
4 Baths
1,906 Sq Ft
$711/Sq Ft Est. Value

Last Sold March 04, 2016

Last sale price $454,000 $238 Per Sq Ft

Est. 198% increase in value since last sale

Current estimated payment $7,849/month

55 Days on Market

About This Home

As of March 2016

Great 2 unit property located in Old Town Key West just 2 blocks from Duval St. Rear 1/1 unit was built in 2006, separate meters. Spacious front unit with a loft. This property awaits your finishing touches. Great price to be in Old Town Key West, walking distance to shopping, beaches, restaurants and Mallory Square.

Last Agent to Sell the Property

Melva Borley

Sunshine State Realty Service License #0668411 Listed on: 01/06/2016

Co-Listed By

Lena Mamone

Sunshine State Realty Services

Last Buyer's Agent

Sean Farrer, P.A.

Coastline R.E. & Property Mgmt. (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,844

Year Built

  • Built in 1903

Lot Details

  • 3,024

Parking

  • 1 Parking Space

Home Design

  • 1,906 Sq Ft Home
  • Duplex
  • Frame Construction

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Additional Features

  • 3,024 Sq Ft Lot
  • Ground Level
  • Separate Meters

Community Details

Overview

  • No Home Owners Association
  • Old Town Unlisted Subdivision
  • The community has rules related to deed restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,844

Year Built

Built in 1903

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Duplex
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Mandatory HOA: No
  • Document Count: 2
  • Financial Status Bank Owned: Yes
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: Yes
  • 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: 3844.00
  • Vehicle Storage Cars: 1
  • Year Built: 1903
  • Alternate Key Number: 1014702
  • Building Style: Ground Level
  • Lot Sq Ft: 3024.00
  • Tax Exemptions: None
  • Estimated Living Sq Ft: 1906.00
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances Other: YES
  • Total Bedrooms: 4

Exterior Features

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

Utilities

  • Utilities: Elect Separate Meter, Water Separate Meter, FKAA

Lot Info

  • Deed Restrictions: Yes
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.07

Tax Info

  • Tax Year: 2015

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 6, 2016
Closed on
Feb 17, 2016
Sold by
The Bank Of New York Mellon
Bought by
Derita Nicole
Seller's Agent
Melva Borley
Sunshine State Realty Service
Buyer's Agent
Sean Farrer, P.A.
Coastline R.E. & Property Mgmt. (KW)
List Price
$497,500
Sold Price
$454,000
Premium/Discount to List
-$43,500
-8.74%
Total Days on Market
55
Current Estimated Value
$1,355,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$901,000
Avg. Annual Appreciation
12.56%

Purchase Details

Closed on
Dec 16, 2015
Sold by
Murphy Rita and Hill Gerzale Renee
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Nov 30, 2015
Sold by
Murphy Rita and Murphy Rita R
Bought by
The Bank Of New York Mellon and The Bank Of New York

Purchase Details

Closed on
Apr 5, 2007
Sold by
Murphy Rita
Bought by
Murphy Rita and Hill Gerzale Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.8%
Mortgage Type
Commercial

Purchase Details

Closed on
May 23, 2006
Sold by
Hill Gerzale Renee and Hill Aaron
Bought by
Murphy Rita

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
6.44%
Mortgage Type
Commercial

Purchase Details

Closed on
May 17, 2006
Sold by
Murphy Rita
Bought by
Murphy Rita and Hill Gerzale Renee

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$488,000
Interest Rate
6.44%
Mortgage Type
Commercial

Purchase Details

Closed on
Jan 1, 1990
Bought by
Derita Nicole

Purchase Details

Closed on
Aug 1, 1987
Bought by
Derita Nicole
Source: Public Records

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Range of Values:

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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
Derita Nicole $454,000 Attorney
The Bank Of New York Mellon -- Attorney
The Bank Of New York Mellon -- None Available
Murphy Rita -- Southernmost Title Inc
Murphy Rita -- Southermost Title Inc
Murphy Rita -- Southernmost Title Inc
Derita Nicole $40,000 --
Derita Nicole $25,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Riccio Nicole C $565,000
Previous Owner Murphy Rita R $570,000
Previous Owner Murphy Rita R $488,000
Previous Owner Murphy Rita R $309,300
Previous Owner Murphy Rita R $251,200
Previous Owner Murphy Rita R $250,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/04/2016 03/04/16 Sold $454,000 -8.7% $238 / Sq Ft
03/01/2016 03/01/16 Pending -- -- --
01/06/2016 01/06/16 For Sale $497,500 -- $261 / 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 $7,898 $1,031,173 $757,421 $273,752
2023 $7,898 $1,027,959 $757,421 $270,538
2022 $6,454 $692,322 $459,043 $233,279
2021 $6,136 $602,983 $381,145 $221,838
2020 $6,067 $598,139 $370,017 $228,122
2019 $5,994 $585,098 $374,190 $210,908
2018 $6,093 $585,215 $374,190 $211,025
2017 $6,218 $588,443 $0 $0
2016 $6,328 $567,430 $0 $0
2015 $3,844 $393,326 $0 $0
2014 $3,797 $371,153 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Melva Borley

    Seller's Agent in 2016

    Melva Borley

    Sunshine State Realty Service

    (305) 797-4324

    2 in this area

    81 Total Sales

    Melva Borley
    Section Image

  • L

    Seller Co-Listing Agent in 2016

    Lena Mamone

    Sunshine State Realty Services

  • S

    Buyer's Agent in 2016

    Sean Farrer, P.A.

    Coastline R.E. & Property Mgmt. (KW)

  • Sean Farrer

    Buyer's Agent in 2016

    Sean Farrer

    Coldwell Banker Schmitt Real Estate Co. (KW)

    (305) 924-0700

    24 in this area

    148 Total Sales

    Sean Farrer
    Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122647

Florida Keys Board of REALTORS®

APN: 00014320-000000

Florida Monroe County Key West 33040 Old Town

816 Terry Ln, Key West, FL

This home is located at 816 Terry Ln, Key West, FL 33040 since 06 January 2016 and is currently estimated at $1,355,000, approximately $710 per square foot. This property was built in 1903. 816 Terry 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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