NOT LISTED FOR SALE

Estimated Value: $1,561,352 - $1,951,000

4 Beds
4 Baths
2,288 Sq Ft
$780/Sq Ft Est. Value

Last Sold March 19, 2021

Last sale price $1,130,000 $494 Per Sq Ft

Est. 58% increase in value since last sale

Current estimated payment $10,421/month

8 Days on Market

Highlights

  • Detached Guest House
  • Wood Flooring
  • Balcony
  • Spa
  • No HOA
  • 4-minute walk to Higgs Beach Dog Park

About This Home

As of March 2021

Experience the island lifestyle in this historic gem in the heart of Old Town Key West. This quintessential two-story home needs some loving care. It is a legal duplex so it is the ideal home for an investor or a stunning single-family home with upstairs guest quarters. There are endless possibilities with this four bedroom, four bathroom, 2,288 square foot home. This home has all the features of highly sought-out historic gems--beautiful Dade County pine, hardwood floors, high ceilings, charming porches, a gorgeous staircase and a private courtyard. Two ROGOs, off-street parking and a detached cottage with kitchenette and bath complete this charming home located in the Key West Historic District.

Last Agent to Sell the Property

Jenna Stauffer

Ocean Sotheby's International Realty License #3394848 Listed on: 12/10/2020

Ocean Sotheby's International Realty

Last Buyer's Agent

Bobby Coe

RE/MAX Keys Connection (KW) License #3428120

RE/MAX Keys Connection (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $5,816

Year Built

  • Built in 1928

Lot Details

  • 4,002

Parking

  • Off-Street Parking

Home Design

  • Fixer Upper
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,288 Sq Ft Home
  • 3-Story Property
  • Ceiling Fan
  • French Doors
  • Sliding Doors
  • Storage
  • Dryer

Kitchen

  • Oven
  • Range
  • Dishwasher
  • Built-In or Custom Kitchen Cabinets

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Pool

  • Spa
  • Outdoor Shower

Outdoor Features

  • Balcony
  • Shed

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window
  • Separate Meters
  • Public Hookup Available For Sewer

Additional Features

  • 4,002 Sq Ft Lot
  • Detached Guest House

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00021600-000000

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision
  • Rental Restrictions

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$5,816

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • As Is Right To Inspect: Yes
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Limited Representation: No
  • Marathon Neighborhood: N/A
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Median
  • State Province: FL
  • Taxes: 5816.01
  • Vehicle Storage: Off Street Parking
  • Year Built: 1928
  • Alternate Key Number: 1022357
  • Cooling Heating: Ceiling Fans(s), Wall/Window Unit(s), Central Air
  • Lot Sq Ft: 4002.00
  • Porch Balcony: Open Porch/Balcony
  • Tax Exemptions: Homestead
  • Building Style Above Flood: Yes
  • Building Style Stories: 3 Stories
  • Estimated Living Sq Ft: 2288.00
  • Property Condition: Fixer Upper
  • Sewer Hook Up: Yes
  • Statistical Purposes Only: No
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Interior Amenities: Built-in Cabinets, Storage, Dade County Pine
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Oven, Range, Dryer
  • Floor: Tile, Wood
  • Windows/Doors: French Doors, Glass Doors
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Shed, Storage, Hot Tub, Outdoor Shower
  • Roof: Metal Roof
  • Waterview: No Waterview

Utilities

  • Utilities: Elect Separate Meter, Municipal Sewer, FKAA

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: 0.2 PCT ANNUAL CHANC
  • Parcel Number: 00021600-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.09

Rental Info

  • Rentals Allowed: With Restrictions
  • Furnished: Negotiable

Tax Info

  • Tax Year: 2019

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 10, 2020
Closed on
Mar 19, 2021
Sold by
Rhoades Shirrel and Rhoades Diane
Bought by
Osmundson Eric J
Seller's Agent
Jenna Stauffer
Ocean Sotheby's International Realty
Buyer's Agent
Bobby Coe
RE/MAX Keys Connection (KW)
List Price
$1,295,000
Sold Price
$1,130,000
Premium/Discount to List
-$165,000
-12.74%
Total Days on Market
8
Current Estimated Value
$1,783,838

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$653,838
Avg. Annual Appreciation
11.48%
Original Mortgage
$768,400
Outstanding Balance
$698,143
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$1,085,695

Purchase Details

Closed on
Mar 14, 2012
Sold by
Roberts Row Llc
Bought by
Rhoades Shirrel and Rhoades Diane

Purchase Details

Closed on
Nov 7, 2000
Sold by
Hoffman Albert C and Hoffman Rosa
Bought by
Rhoades Shirrel and Rhoades Diane

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$44,000
Interest Rate
7.94%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 1, 1990
Bought by
Rhodes Shirrel and Rhodes Diane
Source: Public Records

Similar Homes in Key West, FL

  • 737 Olivia St, Key West, FL 33040

    $1,650,000

    • 3 Beds
    • 3 Baths
    • 1,860 Sq Ft
    • 737 Olivia St
    • Key West, FL

    Price Reduced, Owner's motivated! This triplex is situated in a prime area of Old Town, just three blocks away from Duval Street. It presents an attractive investment opportunity with its three separate units, offering potential for rental income, extended family stays, or versatile usage. Constructed from concrete blocks in 1979, this property's main unit is currently occupied by the owners,

    Tammy Stiles Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • 1409 Truman Ave, Key West, FL 33040

    $1,399,000

    • 3 Beds
    • 4 Baths
    • 1,932 Sq Ft
    • 1409 Truman Ave
    • Key West, FL

    This home offers a unique opportunity for flexible living or investment! Currently configured as a single-family residence, it has been approved by the City of Key West to be reverted back to a Multi-family, allowing for up to 4 units. Easily convert the home back to two studios with bath, 1 bedroom 1 bath and a 2 bedroom 1 bath. Welcome to 1409 Truman Avenue, a stunning Key West Eyebrow home

    Michael Sorah Truman & Co. (KW)

    Section Image
  • 1438 Virginia St, Key West, FL 33040

    $1,999,999

    • 4 Beds
    • 3 Baths
    • 1,408 Sq Ft
    • 1438 Virginia St
    • Key West, FL

    Renovated, highest quality. New heated pool, ipe deck, new metal shingle roof, entire two bedroom is brand new. 6,254 square feet of land, corner lot, park your RV, add guest house, etc. Two on site parking spaces. Home was renovated to convert to single family, currently set up as two units, one two bedroom, two bath with large sleeping loft and a one bedroom, one bath, (two legal units). Both

    Yvette Talbott Appraisers of the Keys Inc (KW)

    Section Image
  • 602 Southard St, Key West, FL 33040

    $1,600,000

    • 3 Beds
    • 3 Baths
    • 2,671 Sq Ft
    • 602 Southard St
    • Key West, FL

    TRIPLEX in Old Town Key West on large corner lot. Close to famous Duval Street. This historic Circa 1901 property offers almost 2700 sf ft of living space. Currently configured as three apartments but would make a grand conversion to a single-family home. Main floor offers two apartments, and the upper level has a spacious apartment with access to finished 3rd story attic space. Ideal

    Bascom Grooms Bascom Grooms Real Estate (KW)

    Section Image
  • 1415 United St, Key West, FL 33040

    $1,599,900

    • 5 Beds
    • 3 Baths
    • 2,007 Sq Ft
    • 1415 United St
    • Key West, FL

    INVESTOR ALERT! Great opportunity to own a 3 unit building centrally located in Key West with off Street parking and plenty of room for a pool. The downstairs front unit is a 2BD/1BA, has an open floor plan with lots of windows allowing for plenty of natural light and a cute front porch. The upstairs unit is a 1BD/1BA and the rear third unit is another 2BD/1BA. The multi unit building sits on a

    Team Spottswood/Vazquez Truman & Co. (KW)

    Section Image
  • 415 Julia St, Key West, FL 33040

    $1,425,000

    • 3 Beds
    • 4 Baths
    • 1,464 Sq Ft
    • 415 Julia St
    • Key West, FL

    At the best location in the heart of old town you will find this great duplex on Julia street in between Duval street and Whitehead street, 86 FOOTSTEPS TO DUVAL STREET. The back is a two bedroom two bathroom with a nice back yard. And in the front is a recently renovated one bedroom with two bathrooms with high ceilings and a great loft. It has an outdoor shower. A new A/C was installed 01/24.

    Annica Pedersen Key West Luxury Real Estate Inc (KW)

    Section Image
  • 1030 James St, Key West, FL 33040

    $1,750,000

    • 3 Beds
    • 3 Baths
    • 1,700 Sq Ft
    • 1030 James St
    • Key West, FL

    Nestled on a sunny corner in Old Town Key West, this charming legal duplex blends timeless island style with modern updates. The beautifully updated downstairs unit offers 2 spacious bedrooms and 2 bathrooms, featuring bright, airy living spaces with the perfect mix of Dad County Pine and crisp finishes throughout. Upstairs, a cozy 1-bedroom, 1-bath apartment provides additional income potential

    Will Langley Berkshire Hathaway HomeServices Knight & Gardner Realty

    Section Image
  • 308 Peacon Ln, Key West, FL 33040

    $1,390,000

    • 3 Beds
    • 3 Baths
    • 1,296 Sq Ft
    • 308 Peacon Ln
    • Key West, FL

    Now competitively priced for $1,390,000 with this $50,000 price improvement! Rare 2 unit property in Old Town! Enjoy Key West living on one of our most picturesque Old Town lanes. Located in the heart of the historic district and near the seaport, everything you want in Key West is right out your door. Built in the early 1900s, over the years the home was converted into a legal 2-unit property

    Vic Musmanno Coldwell Banker Schmitt Real Estate Co. (KW)

    Section Image
  • 704 Caroline St, Key West, FL 33040

    $2,000,000

    • 4 Beds
    • 5 Baths
    • 2,080 Sq Ft
    • 704 Caroline St
    • Key West, FL

    Triplex investment property! Prime location only 1 block from the historic Key West seaport and 2 blocks from Duval St. The downstairs offers 2 units which include a 1/1 with kitchenette and a 1/1 with full kitchen. Enjoy the front porch facing Caroline St. or spend a lazy afternoon lounging by the dip pool in the backyard. Ascend the gorgeous wooden staircase to the upstairs unit which

    LaReta Morrison eXp Realty LLC

    Section Image

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
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
Osmundson Eric J $1,130,000 Attorney
Rhoades Shirrel -- Attorney
Rhoades Shirrel $440,000 --
Rhodes Shirrel $137,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Osmundson Eric J $768,400
Previous Owner Rhoades Shirrel $350,000
Previous Owner Rhoades Diane $250,000
Previous Owner Rhoades Shirrel $559,000
Previous Owner Rhoades Shirrel $0
Previous Owner Rhoades Shirrel $416,300
Previous Owner Rhoades Shirrel $44,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/19/2021 03/19/21 Sold $1,130,000 -12.7% $494 / Sq Ft
12/10/2020 12/10/20 For Sale $1,295,000 -- $566 / 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 $11,465 $1,458,787 $1,065,412 $393,375
2023 $11,465 $1,352,826 $979,239 $373,587
2022 $10,140 $1,120,371 $741,611 $378,760
2021 $6,110 $640,706 $0 $0
2020 $5,892 $618,423 $0 $0
2019 $5,816 $605,401 $0 $0
2018 $5,843 $607,380 $0 $0
2017 $5,784 $598,060 $0 $0
2016 $5,884 $578,851 $0 $0
2015 $5,880 $553,706 $0 $0
2014 $6,064 $529,950 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
See All Agents

Map

Source: Florida Keys Board of REALTORS®

MLS Number: 593696

Florida Keys Board of REALTORS®

APN: 00021600-000000