NOT LISTED FOR SALE

Estimated Value: $799,073

1 Bed
1 Bath
455 Sq Ft
5,009 Sq Ft Lot

Last Sold June 06, 2024

Last sale price $806,000 $1,771 Per Sq Ft

Est. 1% decrease in value since last sale

Current estimated payment $4,537/month

25 Days on Market

About This Home

As of June 2024

Instant income in Old Town with a full transient rental license allowing for nightly rentals! Located in Palm Gardens, an intimate association consisting of 5 condo units in 2 historic buildings, this fully furnished 1 BR & 1 BA unit is rent ready or can be your home away from home in Key West. There is a complete kitchen with all appliances and a washer & dryer. Overlooking the community pool, you enjoy a covered wrap-around porch with privacy curtains and a hot tub. The property is professionally managed, and due to frequent guest occupancy, showings can only be accommodated on rental turnover days. An income statement for 2023 is available with an NDA. A 3D Tour is available for your video tour requests.

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 01/03/2024

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Jessica Prescott

Century 21 Schwartz Realty (KW)

Property Details

Home Type

Condominium

Year Built

1938

Lot Details

5,009 Sq Ft Lot

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Fee: 735.00
  • Mandatory HOA: Yes
  • Fee Includes: Bldg Exterior Mnt, Common Area Mnt, Building Insurance
  • Key Island: Key West
  • K W Neighborhood: The Meadows
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • Min Rental Days: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Neighborhood Feature: Fire Hydrant
  • Pets W Restrictions: YES
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 4933.00
  • Year Built: 1938
  • Alternate Key Number: 9075298
  • Building Style: Ground Level
  • Cooling Heating: Central Air, Ceiling Fans(s)
  • Lot Sq Ft: 5000.00
  • Pool Info: In Ground, Decked
  • Pool Info Heated: Yes
  • Porch Balcony: Deck
  • Association Maintenance Fee Per: Monthly
  • Association Info Condo Docs: Yes
  • License Info Number Of City License: 1
  • Tax Exemptions: None
  • Building Style Above Flood: Yes
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 455.00
  • Pre Wired: Cable
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Interior Amenities: Storage, Window Treatments
  • Floor Number: 1.00
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Washer, Microwave, Range, Refrigerator, Dishwasher, Dryer
  • Floor: Wood
  • Windows/Doors: Double Hung Windows, French Doors
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Fencing, Privacy Wall/Fence, Lighting, Hot Tub
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: Yes

Utilities

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

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X
  • Parcel Number: 00024470-000102
  • Lot Size: 50x100
  • Land Size: Less Than 1/4 Acre

Rental Info

  • Rentals Allowed: Yes
  • Furnished: Furnished

Tax Info

  • Tax Year: 2023

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 3, 2024
Closed on
Jun 6, 2024
Sold by
Gabries Richard Andrew
Bought by
Kindergan Daniel and Kindergan Jennifer
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Jessica Prescott
Century 21 Schwartz Realty (KW)
List Price
$820,000
Sold Price
$806,000
Premium/Discount to List
-$14,000
-1.71%
Views
98
Current Estimated Value
$799,073

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$6,927
Avg. Annual Appreciation
-0.49%
Original Mortgage
$564,200
Outstanding Balance
$555,857
Interest Rate
7.25%
Mortgage Type
New Conventional
Estimated Equity
$243,216

Purchase Details

Listed on
Jun 15, 2016
Closed on
Aug 23, 2016
Sold by
Fleet Townsend A Van
Bought by
Gabries Richard Andrew
Seller's Agent
Richard Haskins
Buy The Keys (KW)
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$565,000
Sold Price
$550,000
Premium/Discount to List
-$15,000
-2.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.03%
Original Mortgage
$385,000
Interest Rate
3.42%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 2, 2005
Sold by
Fleszar Holdings Inc
Bought by
Vanfleet Townsend A and Townsend A Vanfleet Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$625,000
Interest Rate
5%
Mortgage Type
Purchase Money Mortgage
Source: Public Records
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Kindergan Daniel $806,000 None Listed On Document
Gabries Richard Andrew $550,000 None Available
Vanfleet Townsend A $625,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kindergan Daniel $564,200
Previous Owner Gabries Richard Andrew $385,000
Previous Owner Vanfleet Townsend A $625,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/06/2024 06/06/24 Sold $806,000 -1.7% $1,771 / Sq Ft
01/03/2024 01/03/24 For Sale $820,000 +49.1% $1,802 / Sq Ft
08/23/2016 08/23/16 Sold $550,000 -2.7% $1,209 / Sq Ft View Prior Sale
08/19/2016 08/19/16 Pending -- -- --
06/15/2016 06/15/16 For Sale $565,000 -- $1,242 / Sq Ft
Source: Key West Association of REALTORS®

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
2025 $5,089 $660,074 -- $660,074
2024 $5,138 $559,870 -- $559,870
2023 $5,138 $559,870 $0 $559,870
2022 $4,657 $515,355 $0 $515,355
2021 $4,466 $461,149 $0 $461,149
2020 $4,449 $461,149 $0 $461,149
2019 $4,159 $424,399 $0 $424,399
2018 $4,576 $462,327 $0 $0
2017 $4,701 $467,722 $0 $0
2016 $3,055 $344,656 $0 $0
2015 $2,526 $211,092 $0 $0
2014 $2,612 $211,092 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
See All Agents

Map

Source: Key West Association of REALTORS®

MLS Number: 608012

Key West Association of REALTORS®

APN: 00024470-000102

Your Personal Tour Guide

Ask me questions while you tour the home.