NOT LISTED FOR SALE

Estimated Value: $1,135,000 - $1,787,000

2 Beds
2 Baths
1,224 Sq Ft
$1,265/Sq Ft Est. Value

Last Sold September 28, 2016

Last sale price $975,000 $797 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $8,922/month

266 Days on Market

Highlights

  • Concrete Pool
  • No HOA
  • Patio
  • Furnished
  • Complete Roll Down Shutters
  • 3-minute walk to Higgs Beach Dog Park

About This Home

As of September 2016

This impeccably maintained duplex sets in the Meadows right on the edge of Old Town on a corner lot. Beautifully manicured grounds and two off street parking spaces along with the wonderful outdoor areas set this property apart from others. Currently used as a vacation rental, has a special entitlement to nonconforming use rights *ALLOWING LESS THAN 28 DAY RENTALS, the property consists of two recently updated one bed one bath units. One unit has a large 20' X 10' private heated pool and the other has a private hot tub. Everything from furnishings to home goods is included to make this a Turn Key purchase. If you are looking for an investment property, you have just found it! *AGENTS-Please make note of Agent remarks regarding the transient rental allowances on this property.

Last Agent to Sell the Property

Timothy Henshaw

Key West Realty, LLC (KW) License #524203 Listed on: 11/18/2015

Last Buyer's Agent

Brenda Donnelly

Berkshire Hathaway Homeservices Knight & Gardner Realty License #3037635

Berkshire Hathaway Homeservices Knight & Gardner Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,859

Year Built

  • Built in 1953

Lot Details

  • 4,485 Sq Ft Lot
  • Fenced
  • Sprinkler System

Home Design

  • Duplex
  • Metal Roof

Interior Spaces

  • 1,224 Sq Ft Home
  • Furnished
  • Blinds
  • French Doors
  • Sliding Doors
  • Tile Flooring

Kitchen

  • Oven
  • Range
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Dryer
  • Washer

Home Security

  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Parking

  • 2 Parking Spaces
  • Off-Street Parking

Pool

  • Concrete Pool
  • Heated In Ground Pool
  • Heated Above Ground Pool
  • Fiberglass Pool

Outdoor Features

  • Patio
  • Exterior Lighting
  • Outdoor Storage
  • Rain Gutters

Location

  • Ground Level

Utilities

  • Cooling System Mounted To A Wall/Window
  • Separate Meters

Community Details

Overview

  • No Home Owners Association
  • The Meadows Subdivision

Pet Policy

  • Pet Restriction: PETR

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,859

Year Built

Built in 1953

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
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: The Meadows
  • Limited Representation: No
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets W Restrictions: PETR
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4859.00
  • Vehicle Storage: Off Street Parking
  • Vehicle Storage Cars: 2
  • Year Built: 1953
  • Alternate Key Number: 1025992
  • Building Style: Ground Level
  • Cooling Heating: Wall/Window Unit(s)
  • Lot Sq Ft: 4485.00
  • Pool Info: Above Ground, In Ground, Fiberglass, Concrete
  • Pool Info Heated: Yes
  • Porch Balcony: Patio
  • Shutters: Other, Roll Down Manual
  • Tax Exemptions: None
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 1224.00
  • Pool Info Other: Eq Incld;
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Window Treatments, Smoke Alarms
  • Total Bathrooms: 2.00
  • Full Bathrooms: 2
  • Appliances: Dishwasher, Washer, Range, Refrigerator, Microwave, Oven, Dryer, Disposal
  • Floor: Tile
  • Windows/Doors: French Doors, Glass Doors
  • Total Bedrooms: 2

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: CBS
  • Exterior Features: Fencing, Sprinkler System, Storage, Rain Gutters, Lighting
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Lot Size: 49' X 90'
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 18, 2015
Closed on
Sep 28, 2016
Sold by
Susan Favrcan Neal H and Susan Favrcan
Bought by
Butler Sturat J and Gironet Helene M
Seller's Agent
Timothy Henshaw
Key West Realty, LLC (KW)
Buyer's Agent
Brenda Donnelly
Berkshire Hathaway Homeservices Knight & Gardner Realty
List Price
$1,099,000
Sold Price
$975,000
Premium/Discount to List
-$124,000
-11.28%
Current Estimated Value
$1,548,728

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$573,728
Avg. Annual Appreciation
5.23%

Purchase Details

Closed on
Apr 1, 1997
Bought by
Favreau Neal H and Favreau Susan

Purchase Details

Closed on
Jul 6, 1995
Sold by
Bennett Stephen A and Plumb Harry L
Bought by
Butler Robert W and Swenson Jay E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$197,100
Interest Rate
7.79%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 1, 1993
Bought by
Favreau Neal H and Favreau Susan

Purchase Details

Closed on
Dec 1, 1987
Bought by
Favreau Neal H and Favreau Susan
Source: Public Records

Range of Values:

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Average Value
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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
Butler Sturat J $975,000 None Available
Favreau Neal H $259,000 --
Butler Robert W $219,000 --
Favreau Neal H $355,000 --
Favreau Neal H $266,300 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Favreau Neal H $299,000
Previous Owner Favreau Neal H $257,000
Previous Owner Favreau Neal H $250,000
Previous Owner Butler Robert W $197,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/28/2016 09/28/16 Sold $975,000 -11.3% $797 / Sq Ft
08/10/2016 08/10/16 Pending -- -- --
11/18/2015 11/18/15 For Sale $1,099,000 -- $898 / 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 $8,917 $1,152,388 $811,606 $340,782
2023 $8,917 $1,066,568 $731,225 $335,343
2022 $7,788 $873,537 $533,787 $339,750
2021 $7,336 $740,052 $443,262 $296,790
2020 $7,488 $760,747 $455,748 $304,999
2019 $7,175 $719,012 $405,803 $313,209
2018 $7,486 $739,782 $412,046 $327,736
2017 $7,975 $779,962 $0 $0
2016 $5,785 $636,953 $0 $0
2015 $5,502 $586,969 $0 $0
2014 $4,859 $428,556 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 122432

Florida Keys Board of REALTORS®

APN: 00025210-000000