See Home Value
Key West 33040
1025 Varela Street
$876,728*
House - Off Market

1025 Varela Street

Key West, FL 33040
bedrooms
3 Beds
bathrooms
3 Baths
square feet
875 Sqft
$702,000 - $856,000
Reference Base Price*
12.55%
Since Nov 1, 2021
National-US
Primary Model
Sold Apr 07, 2021
$750,000
$450,000 by Quicken Loans Llc
Mortgage Due May 01, 2051
Sold Apr 12, 2004
$670,000
$502,500 by Tib Bank Of The Keys
Mortgage Due May 01, 2034

About This Property

Historic Conch Cottage with Dade County Pine throughout. Amazing opportunity to own a piece of history in Old Town Key West. This house has a highly desirable and rare garage. This 3 bedroom 3 bath home has a charming loft. The home features a granite counter top and an abundance of storage. This home is walking distance to shopping, beaches, five star restaurants and the islands world renowned sunset celebration. This home is close to everything Key West has to offer but far enough away to enjoy a quiet evening on your porch.

The manager has listed the unit size as 875 square feet.
Unit Size
875Ft²
Days on Market
-
Land Size
-
Price per sqft
$890
Property Type
House
Property Taxes
$337
HOA Dues
-
Year Built
1933

Price History

Date / Event Date Event Price
Oct 6, 2021 No longer available -
No longer available
Apr 7, 2021 Sold to Janet Strausbaugh, Kevin W ... $750,000
Sold to Janet Strausbaugh, Kevin W ...
Feb 27, 2021 In contract -
In contract
Feb 7, 2021 Relisted $779,000
Relisted
Jan 24, 2021 Listed $779,000
Listed
Show More

Property Highlights

Building Info

Overview

    General

  • Year Built: 1933
  • Effective Year Built: 2018
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Wood
  • Exterior Walls Type: Wood
  • Interior Walls Type: Wood
  • Roof Shape Type: Gable or hip
  • Roof Cover Type: Metal
  • Floor Count: 2
  • Living Units: 1
  • Floor Cover: Wood
  • Basement Area: 0
  • Garage Type: Detached
  • Garage Square Area: 180
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 1,784
  • Lot Size Depth Feet: 590
  • Lot Size Frontage Feet: 300
  • Total Building Area: 1,750
  • Gross Building Area: 1,750
  • Building Area: 1,750
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Forced air unit
  • Heated Square Feet: 1,750
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: ISLAND OF KEY WEST
  • Land Acres: 0.041
  • Standard Land Use Code: Single family residential
  • Legal Description 1: KW GWYNN SUB 0-195 PT LOTS 10 & 11 SQR 1 TR 13 OR252-113 OR1118-1033 OR1140-1986 OR1196-1865 OR1489-409 OR1499-1295 OR1991-1885 OR3087-748

Ownership

  • Current Owner : STRAUSBAUGH JANET
  • Current Owner 2: LYNCH KEVIN W
  • Previous Owner : DALSIN MICHAEL J
  • Previous Owner 2: DALSIN JULIE
  • Owner Before Previous Owner: COLEMAN LARRY PAGE
  • Is Owner Occupied: Owner-occupied property

Neighborhood

  • School District Name: Monroe County School District
  • Census Tract: 972800

Zoning

  • Zoning: HMDR

Geography

  • Account Number: 1033260
  • Subdivision Tract Number: 13
  • Parcel: 00032510-000000
  • Lot: 10,11
  • Meridian: SEC 05 TWN 68S RNG 25E
  • Municipality: CITY OF KEY WEST
  • Latitude: 24.555
  • Longitude: -81.7911

    Address

  • Full Address: 1025 Varela St
  • Address - House Number: 1025
  • Address - Street Name: Varela
  • Address - Suffix Type: St
  • State: FL
  • City Name: Key West
  • Carrier Code: C054
  • 4-Digit Zip Code: 3309
  • Zip Code: 33040

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $6,043
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 10KW

    Appraisal Valuation

  • Standard Deviation: 0.2087
  • Valuation Date: Jan 03, 2024
  • Confidence Score: 71
  • Final Value: 1,144,722
  • High Value: 1,383,723
  • Low Value: 905,721

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $450,000
  • First Open Lien Mortgage Lender: QUICKEN LOANS LLC
  • First Open Lien Mortgage Recording Date: Apr 07, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $450,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: May 01, 2051

    Market Valuation

  • Market Total Value: $739,759
  • Market Land Value: $416,829
  • Market Improvement Value: $322,930

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $739,759
  • Assessed Land Value: $416,829
  • Assessed Improvements Value: $322,930

    Exemptions

  • Widow Exemption: Yes
  • Homeowner Exemption: Yes

    Sales

  • Current Sale Contract Date: Apr 02, 2021
  • Current Sale Recording Date: Apr 07, 2021
  • Current Sale Transaction ID: 11830824020
  • Current Sale Price: $750,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 2312366
  • Previous Sale Recording Date: Apr 12, 2004
  • Previous Sale Contract Date: Apr 07, 2004
  • Previous Sale Amount: $670,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: QUICKEN LOANS LLC
  • First Mortgage Transaction Date: Apr 07, 2021
  • First Mortgage Loan Amount: $450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: May 01, 2051

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: TIB BANK OF THE KEYS
  • Previous Mortgage Transaction Date: Apr 12, 2004
  • Previous Mortgage Financing Type: Fixed Rate
  • Previous Mortgage Loan Amount: $502,500
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Unknown (DEFAULT)
  • Previous Mortgage Loan Due Date: May 01, 2034



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Condo
2 Beds
2 Baths
1,035 ft²
$820/ft²
$849,000 Sep 16, 2023
-
$861/mo
House
1 Bed
1 Bath
666 ft²
$1,200/ft²
$799,000 Aug 29, 2023
-
$56/mo
Condo
4 Beds
2 Baths
1,448 ft²
$535/ft²
$774,000 Jun 21, 2023
-
$2,273/mo
Land
Loft
-
-
$800,000 Jun 9, 2023
-
$464/mo
Condo
1 Bed
1 Bath
-
$649,000 Oct 15, 2023
-
$291/mo

About Key West


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Nearby Rentals

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Frequently Asked Questions

When was property at 1025 Varela Street built and last sold?
The property at 1025 Varela Street was built in 1933 and last sold on Apr 2, 2021 for $750,000.
How much is this home worth?
The estimated value of the home located at 1025 Varela Street is $795,824.
What are some comparable homes to 1025 Varela Street?
There are currently no comparable homes to 1025 Varela Street.

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