$640,000
SOLD JUN 13, 2013
4 Beds
4 Baths
2,034 Sq Ft
4,219 Sq Ft Lot

Recently Sold

$315 Per Sq Ft

10% Below List Price

69 Days on Market

Highlights

  • Detached Guest House
  • Cathedral Ceiling
  • No HOA
  • Fruit Trees
  • Outdoor Kitchen
  • 4-minute walk to Higgs Beach Dog Park

About This Home

As of June 2013

Classic Key West Eyebrow home in Oldtown with 4 bedrooms and 4 full baths. Property has a main house (3/3) and a guest house (1/1) currently being used as a home office and fitness studio. There is a rare 2 car carport that accesses from a lane on Truman Ave and enters the rear of the home. A Banyan and Mango surround a large decked backyard that has room for a pool, but Buyer must verify. The main house has 2 bedrooms ensuite with full baths and the living area is set up as a greatroom with open kitchen/dining/living room all facing the yard. There is a separate legal apartment on the second floor w/ private exterior staircase to a full bedroom, bath, and living room/kitchen combo. Owner will install or credit for hurricane shutters.

Last Agent to Sell the Property

Megan Behmke

Compass Realty (KW) Listed on: 03/26/2013

Last Buyer's Agent

Vic Musmanno

Coldwell Banker Schmitt Real Estate Co. (KW) License #673105

Coldwell Banker Schmitt Real Estate Co. (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $4,571

Year Built

  • Built in 1934

Lot Details

  • 4,219 Sq Ft Lot
  • Fenced
  • Fruit Trees

Home Design

  • Duplex
  • Frame Construction
  • Metal Roof

Interior Spaces

  • 2,034 Sq Ft Home
  • Wet Bar
  • Cathedral Ceiling
  • Some Wood Windows

Kitchen

  • Oven
  • Range
  • Dishwasher

Flooring

  • Carpet
  • Laminate

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 2 Parking Spaces
  • Carport

Utilities

  • Central Air
  • Cooling System Mounted To A Wall/Window

Additional Features

  • Outdoor Kitchen
  • Detached Guest House

Listing and Financial Details

  • Homestead Exemption
  • Assessor Parcel Number 00020930-000000

Community Details

Overview

  • No Home Owners Association
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$4,571

Year Built

Built in 1934

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
  • Handicap Access: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • Mile Marker: 1.00
  • M L S Identifier: 20060123165453488875000000
  • Pets: Pets Allowed
  • Property Group I D: 19990816212109142258000000
  • Sale Terms: Conventional
  • Side: Bay/Gulf
  • State Province: FL
  • Taxes: 4571.02
  • Title: Negotiable
  • Vehicle Storage: Carport
  • Vehicle Storage Cars: 2
  • Year Built: 1934
  • Alternate Key Number: 1021679
  • Building Style: Eyebrow
  • Cooling Heating: Central Air, Wall/Window Unit(s)
  • Lot Sq Ft: 4219.00
  • Tax Exemptions: Homestead
  • Building Style Stories: 2 Stories
  • Estimated Living Sq Ft: 2034.00
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 2

Interior Features

  • Interior Amenities: Cathedral Ceilings, Wet Bar
  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Oven, Washer, Refrigerator, Range, Dryer
  • Floor: Carpet, Laminate
  • Windows/Doors: Aluminum Windows, Wood Windows
  • Total Bedrooms: 4

Exterior Features

  • Dockage: None
  • Waterfront: No
  • Construction: Frame
  • Exterior Features: Detached Guest Qtrs, Fencing, Outdoor Kitchen, Fruit Tree(s)
  • Roof: Metal Roof
  • Waterview: No Waterview
  • Pool: No

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Flood Zone: X500
  • Parcel Number: 00020930-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Furnished: Unfurnished

Tax Info

  • Tax Year: 2011

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 26, 2013
Closed on
Jun 13, 2013
Sold by
Miani Phillip
Bought by
Mayer Cole Y
Seller's Agent
Megan Behmke
Compass Realty (KW)
Buyer's Agent
Vic Musmanno
Coldwell Banker Schmitt Real Estate Co. (KW)
List Price
$709,000
Sold Price
$640,000
Premium/Discount to List
-$69,000
-9.73%
Current Estimated Value
$1,689,199

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,049,199
Avg. Annual Appreciation
8.37%

Purchase Details

Closed on
Sep 29, 2005
Sold by
Miani Phillip N and Miani Donna E
Bought by
Miani Phillip N

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.75%
Mortgage Type
Unknown

Purchase Details

Closed on
Jun 10, 1999
Sold by
Sunethra M Chanmugam Tr
Bought by
Miani Phillip N and Miani Donna E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$257,500
Interest Rate
6.94%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 7, 1996
Sold by
Chanmugam Sunethra M and Chanmugam Arjun
Bought by
Chanmugam Sunethra M

Purchase Details

Closed on
Apr 1, 1984
Bought by
Mayer Cole Y

Purchase Details

Closed on
Feb 1, 1969
Bought by
Mayer Cole Y
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 Type Sale Price Title Company
Warranty Deed $640,000 Attorney
Interfamily Deed Transfer -- --
Warranty Deed $307,500 --
Warranty Deed -- --
Warranty Deed $78,000 --
Deed $9,500 --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $640,000 Unknown
Previous Owner $150,000 Credit Line Revolving
Previous Owner $612,000 Commercial
Previous Owner $76,500 Credit Line Revolving
Previous Owner $250,000 Commercial
Previous Owner $257,500 Commercial
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/13/2013 06/13/13 Sold $640,000 0.0% $315 / Sq Ft
06/13/2013 06/13/13 Sold $640,000 -9.7% $315 / Sq Ft
06/03/2013 06/03/13 Pending -- -- --
06/03/2013 06/03/13 Pending -- -- --
03/26/2013 03/26/13 For Sale $709,000 -4.8% $349 / Sq Ft
08/22/2012 08/22/12 For Sale $745,000 -- $366 / 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 $11,504 $1,565,429 $1,079,384 $486,045
2023 $11,504 $1,556,526 $1,078,540 $477,986
2022 $9,794 $1,203,493 $719,027 $484,466
2021 $8,883 $916,735 $530,831 $385,904
2020 $8,682 $897,466 $517,328 $380,138
2019 $8,110 $825,079 $502,137 $322,942
2018 $8,457 $897,148 $565,432 $331,716
2017 $8,172 $901,534 $0 $0
2016 $7,577 $731,483 $0 $0
2015 $7,280 $701,812 $0 $0
2014 $6,644 $558,780 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 117871

Florida Keys Board of REALTORS®

APN: 00020930-000000