NOT LISTED FOR SALE

Estimated Value: $1,221,627 - $1,574,000

5 Beds
4 Baths
2,788 Sq Ft
$497/Sq Ft Est. Value

Last Sold July 27, 2018

Last sale price $1,450,000 $520 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $8,040/month

239 Days on Market

Highlights

  • Outdoor Pool
  • No HOA
  • 5-minute walk to Dry Tortugas National Park
  • Key West Architecture
  • Stainless Steel Appliances

About This Home

As of July 2018

Unparalleled 5 bedroom, 4 bathroom, 2,788 square foot, two story home on a 4,500 square foot lot with a gorgeous lagoon style pool and parking. It has three legal units but could easily be converted into a spacious single family home in the perfect Old Town location. The poolside apartment could become a large one or two bedroom guest cottage and the other apartment could become a downstairs master suite. It is beautiful as-is, yet lends itself to capturing your dreams of creating your personal paradise in the heart of Old Town Key West.

Last Agent to Sell the Property

Karen Lane

Berkshire Hathaway HomeServices Knight & Gardner Realty License #3075559 Listed on: 10/12/2017

Berkshire Hathaway HomeServices Knight & Gardner Realty

Last Buyer's Agent

Rob Severin

Seaport Realtors (KW)

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,002

Year Built

  • Built in 1889

Lot Details

  • 4,500

Home Design

  • 2,788 Sq Ft Home
  • Key West Architecture
  • Frame Construction

Kitchen

  • Range
  • Dishwasher
  • Stainless Steel Appliances
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • 4 Full Bathrooms

Laundry

  • Dryer
  • Washer

Additional Features

  • Outdoor Pool
  • 4,500 Sq Ft Lot
  • Public Hookup Available For Sewer

Listing and Financial Details

  • Assessor Parcel Number 00005430-000000

Community Details

Overview

  • No Home Owners Association
  • 3 Units
  • Old Town Unrecord Subdivision

Pet Policy

  • Pets Allowed

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,002

Year Built

Built in 1889

Lot Details

0

Listing Details

  • Property Type: Residential
  • Style: Multi-Units
  • First Right of Refusal: No
  • Mandatory HOA: No
  • Fee Includes: None
  • Financial Status Bank Owned: No
  • Financial Status Potential Short Sale: No
  • Key Island: Key West
  • K W Neighborhood: Old Town-N of Truman
  • 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: 6002.22
  • Year Built: 1889
  • Alternate Key Number: 1005614
  • Building Style: Conch
  • Lot Sq Ft: 4500.00
  • Tax Exemptions: None
  • Building Style Above Flood: Unknown
  • Estimated Living Sq Ft: 2788.00
  • Sewer Hook Up: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bathrooms: 4.00
  • Full Bathrooms: 4
  • Appliances: Dishwasher, Washer, Stainless Steel Appliance(s), Refrigerator, Range, Dryer, Disposal
  • Total Bedrooms: 5

Exterior Features

  • Dockage: None
  • Waterfront: None
  • Waterfront: No
  • Construction: Frame
  • Waterview: No Waterview
  • Pool: Yes

Utilities

  • Utilities: FKAA, Municipal Sewer

Lot Info

  • Deed Restrictions: Unknown
  • Parcel Number: 00005430-000000
  • Land Size: Less Than 1/4 Acre
  • Acres: 0.10

Rental Info

  • Rentals Allowed: Yes

Tax Info

  • Tax Year: 2016

Multi Family

  • Total Units: 3.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 8, 2024
Sold by
Snipes Jeffrey Brian and Snipes Shawn Federick
Bought by
Obrien Kevin
Current Estimated Value
$1,385,657

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$250,000
Outstanding Balance
$179,975
Interest Rate
6.94%
Mortgage Type
Seller Take Back
Estimated Equity
$1,205,682

Purchase Details

Closed on
Oct 28, 2020
Sold by
Judge Michael Paul and Judge Evelyn Elisabeth
Bought by
Snipes Jeffrey Brian and Snipes Shawn Frederick

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$359,000
Interest Rate
2.8%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 3, 2018
Sold by
Linda O Brien
Bought by
Judge Michael P and Judge Evelyn E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$466,400
Interest Rate
4.38%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 27, 2011
Sold by
Eriksen Claude and Estate Of Erik Bjorn Eriksen
Bought by
Obrien Linda

Purchase Details

Closed on
Apr 3, 2008
Sold by
Obrien Linda
Bought by
Eriksen Erik B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Interest Rate
5.97%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Aug 7, 1996
Sold by
Pr George Fontana
Bought by
Obrien Lynda

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$98,000
Interest Rate
8.24%
Mortgage Type
New Conventional

Purchase Details

Closed on
Feb 1, 1972
Bought by
Obrien Linda
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Obrien Kevin $1,250,000 None Listed On Document
Snipes Jeffrey Brian $770,000 Attorney
Judge Michael P $583,000 None Listed On Document
Obrien Linda $464,900 Attorney
Eriksen Erik B $590,000 Attorney
Obrien Lynda $98,000 --
Obrien Linda $7,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Obrien Kevin $250,000
Previous Owner Snipes Jeffrey Brian $359,000
Previous Owner Judge Michael P $466,400
Previous Owner Eriksen Erik B $500,000
Previous Owner Obrien Lynda $98,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/27/2018 07/27/18 Sold $1,450,000 -22.7% $520 / Sq Ft
06/08/2018 06/08/18 Pending -- -- --
10/12/2017 10/12/17 For Sale $1,875,000 -- $673 / 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
2025 $9,522 $1,077,288 $882,611 $194,677
2024 $8,648 $1,139,218 $936,859 $202,359
2023 $8,648 $978,462 $785,309 $193,153
2022 $5,395 $640,612 $0 $0
2021 $5,518 $621,954 $450,060 $171,894
2020 $5,373 $566,944 $474,529 $92,415
2019 $5,653 $593,900 $500,146 $93,754
2018 $5,159 $535,466 $440,373 $95,093
2017 $5,230 $613,550 $0 $0
2016 $5,028 $554,508 $0 $0
2015 $4,418 $416,483 $0 $0
2014 $4,233 $386,691 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Florida Keys Board of REALTORS®

MLS Number: 577048

Florida Keys Board of REALTORS®

APN: 00005460-000000