$480,000
SOLD JAN 2, 2015
1 Bed
1 Bath
540 Sq Ft
4,792 Sq Ft Lot

Recently Sold

$889 Per Sq Ft

9% Below List Price

43 Days on Market

Highlights

  • Concrete Pool
  • Furnished
  • No HOA
  • Wood Flooring
  • Granite Countertops
  • 2-minute walk to Higgs Beach Dog Park

About This Home

As of April 2017

Investment quality income property! Sold turn key with a full transient rental license and completely furnished, you can step right in to assume spectacular rental bookings. All guests have offered 5 star reviews with many repeat clientele. Located in the hip White Street merchant's district, you and your rental guests will enjoy this hot bustling area of Key West packed with new cafes, art galleries and fitness studios. The condo is in exceptional condition with tasteful furnishings highlighted by a front balcony overlooking White Street and a private rear deck with a private hot tub. Palm Gardens Condominiums is an intimate 5 unit complex that features a swimming pool.

Last Agent to Sell the Property

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105 Listed on: 10/27/2014

Coldwell Banker Schmitt Real Estate Co. (KW)

Last Buyer's Agent

Lynn Kaufelt

Truman & Co. (KW) License #495398

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $2,848

Year Built

  • Built in 1938

Home Design

  • Frame Construction
  • Metal Roof

Interior Spaces

  • 540 Sq Ft Home
  • Furnished
  • Ceiling Fan
  • Double Hung Windows
  • Blinds

Kitchen

  • Range
  • Microwave
  • Dishwasher
  • Granite Countertops
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

Pool

  • Concrete Pool
  • In Ground Pool
  • Spa
  • Above Ground Pool
  • Outdoor Shower

Outdoor Features

  • Patio
  • Exterior Lighting

Utilities

  • Central Air
  • Separate Meters

Listing and Financial Details

  • Assessor Parcel Number 00024470-000103

Community Details

Overview

  • No Home Owners Association
  • Association fees include bldg exterior mnt, common area mnt, building insurance
  • Old Town Condos Subdivision

Pet Policy

  • Pets Allowed

Security

  • Complete Roll Down Shutters
  • Fire and Smoke Detector

Property Details

Home Type

Condominium

Est. Annual Taxes

$2,848

Year Built

Built in 1938

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Condo
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Association Approval Required: No
  • Association Fee: 704.00
  • Mandatory HOA: No
  • Fee Includes: Bldg Exterior Mnt, Other, Common Area Mnt, Building Insurance
  • 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: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Cash
  • Side: Median
  • State Province: FL
  • Taxes: 2848.00
  • Year Built: 1938
  • Alternate Key Number: 9075309
  • Building Style: Temple
  • Cooling Heating: Ceiling Fans(s), Central Air
  • Lot Sq Ft: 4995.00
  • Pool Info: Above Ground, In Ground, Concrete
  • Porch Balcony: Patio
  • Shutters: Roll Down Manual
  • Tax Exemptions: None
  • Building Style Stories: 2 Stories
  • License Info Transient Rntl Licns: Yes
  • Estimated Living Sq Ft: 540.00
  • Pool Info Other: Auto Clean;
  • Special Features: None
  • Property Sub Type: Condos
  • Stories: 2

Interior Features

  • Interior Amenities: Drapes/Blinds Incl, Other, Smoke Alarms, Granite Counter Top
  • Total Bathrooms: 1.00
  • Full Bathrooms: 1
  • Appliances: Dishwasher, Range, Washer, Refrigerator, Microwave, Dryer, Disposal
  • Floor: Carpet, Wood
  • Specialty Rooms: Laundry Room
  • Windows/Doors: Double Hung Windows
  • Total Bedrooms: 1

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Hot Tub, Outdoor Shower, 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
  • Flood Zone: X500
  • Parcel Number: 00024470-000103
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.11

Rental Info

  • Furnished: Furnished

Tax Info

  • Tax Year: 2013

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 31, 2017
Closed on
Apr 11, 2017
Sold by
Twoj S Llc
Bought by
Hammond Way and Hammond Kristine
Seller's Agent
Keith Bland
Truman & Co. (KW)
Buyer's Agent
William Brown
Southernmost Realty (KW)
List Price
$649,000
Sold Price
$635,000
Premium/Discount to List
-$14,000
-2.16%
Current Estimated Value
$1,073,906

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$438,906
Avg. Annual Appreciation
6.57%
Original Mortgage
$420,125
Outstanding Balance
$352,703
Interest Rate
4.1%
Mortgage Type
Commercial
Estimated Equity
$724,859

Purchase Details

Listed on
Oct 27, 2014
Closed on
Jan 2, 2015
Sold by
Osprey Holding Llc
Bought by
Twojs Llc
Seller's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
Buyer's Agent
Lynn Kaufelt
Truman & Co. (KW)
List Price
$525,000
Sold Price
$480,000
Premium/Discount to List
-$45,000
-8.57%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.12%

Purchase Details

Closed on
Jun 20, 2013
Sold by
Mann Thomas and Mann Terri C
Bought by
Osprey Holding Limited Liability Company

Purchase Details

Closed on
Jun 18, 2010
Bought by
Twojs Llc

Purchase Details

Closed on
May 6, 2005
Sold by
Fleszar Holdings Inc
Bought by
Whalen Bernard
Source: Public Records

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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 $635,000 First Intl Title Inc
Warranty Deed $480,000 Attorney
Quit Claim Deed -- Attorney
Interfamily Deed Transfer -- Attorney
Warranty Deed $300,000 --
Special Warranty Deed $700,000 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $420,125 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/11/2017 04/11/17 Sold $635,000 -2.2% $1,178 / Sq Ft
02/10/2017 02/10/17 Pending -- -- --
01/31/2017 01/31/17 For Sale $649,000 +35.2% $1,204 / Sq Ft
01/02/2015 01/02/15 Sold $480,000 -8.6% $889 / Sq Ft
12/09/2014 12/09/14 Pending -- -- --
10/27/2014 10/27/14 For Sale $525,000 -- $972 / 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 $6,216 $689,977 -- $689,977
2023 $6,216 $689,977 $0 $689,977
2022 $5,626 $634,137 $0 $634,137
2021 $5,394 $567,132 $0 $567,132
2020 $5,375 $567,132 $0 $567,132
2019 $4,998 $519,564 $0 $519,564
2018 $5,190 $530,511 $0 $0
2017 $4,785 $532,987 $0 $0
2016 $4,335 $404,170 $0 $0
2015 $2,944 $253,034 $0 $0
2014 $3,048 $253,034 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 120543

Florida Keys Board of REALTORS®

APN: 00024470-000103